Page 229 - Latest Updates on Reserve Bank of India
Bengaluru police, RBI and banks join hands to check bank frauds
A complaint lodged with the police will immediately be alerted to banks and payment gateways who can stop the transaction mid-way
 "Bengaluru police, RBI and banks join hands to check bank frauds")
RBI imposes Rs 50.35 lakh penalty on Janalaxmi Co-operative Bank
Reserve Bank of India on Monday said it has imposed a penalty of Rs 50.35 lakh on Janalaxmi Co-operative Bank, Nashik for non-compliance with certain regulatory requirements.
 "RBI imposes Rs 50.35 lakh penalty on Janalaxmi Co-operative Bank")
Inflation angst spreads to India bonds as Reserve Bank downplays risk
RBI is widely expected to leave its key rates unchanged on Friday and continue with its easy monetary stance
 "Inflation angst spreads to India bonds as Reserve Bank downplays risk")
Small business suffer as banks shut current accounts after RBI circular
State-owned lenders welcome 'need for discipline' but their private competitors say business is suffering
 "Small business suffer as banks shut current accounts after RBI circular")
Regulations key to orderly growth of microfinance
The RBI's CD defines microfinance clients based on the current household income limit applicable for NBFC-MFIs
 "Regulations key to orderly growth of microfinance")
RBI's new rules on interchange fee, 24/7 bulk clearing facility functional
The Reserve Bank of India's new directions on raising interchange fee and making available the facility of bulk clearing round the clock have become effective from Sunday onwards.
 "RBI's new rules on interchange fee, 24/7 bulk clearing facility functional")
Tax buoyancy curtails Centre's fiscal deficit to an eight-year low
Centre's spending showed volatile trend during April-June period
 "Tax buoyancy curtails Centre's fiscal deficit to an eight-year low")
India rupee, bonds fall for second straight month; RBI policy in focus
Sentiment has been lifted after the Fed did not outline a taper timeline, which is expected to aid local shares and the rupee in the near future.
 "India rupee, bonds fall for second straight month; RBI policy in focus")
India's inflation could go past RBI target rest of 2021, say report
Forecasts for gross domestic product were raised to a 9.2% expansion in the fiscal year ending March 2022, from the previous 9%, while the gross value added outlook edged down slightly to 9%.
 "India's inflation could go past RBI target rest of 2021, say report")
RBI fines Axis Bank Rs 5 crore for non-compliance with certain rules
The action, RBI clarified, was based on the deficiencies in regulatory compliance
 "RBI fines Axis Bank Rs 5 crore for non-compliance with certain rules")
RBI allows wallets, white label card networks to access RTGS, NEFT systems
Centralised Payment Systems' access will also help lower cost of payments for non-banks, reduce their dependence on banks, says RBI
 "RBI allows wallets, white label card networks to access RTGS, NEFT systems")
Currency creation
RBI should be careful in launching a digital currency
RBI eases norms for loans given by banks to directors of other banks
The Reserve Bank of India (RBI) on Friday said banks without their boards' approval can sanction personal loans up to Rs 5 crore to directors of other banks.
RBI's tolerance for higher yields may mean end of transmission
After years of experimentation, policy transmission has become highly effective and occurs almost in real time in money markets
RBI to introduce Central Bank Digital Currency in phases: deputy governor
The RBI has been exploring the pros and cons of the introduction of CBDCs since quite some time, deputy governor T Rabi Sankar said
RBI clarifies IDFC can exit bank as a promoter as lock-in period ends
IDFC announced receiving the RBI's approval in a notification to the exchanges
 "RBI clarifies IDFC can exit bank as a promoter as lock-in period ends")
Hope fades for PSBs
Govt cannot keep infusing capital perpetually
 "Hope fades for PSBs")
Central banking conundrum
RBI should not continue to ignore inflation risks
MFI consultation paper: Incrementally positive for NBFC-MFIs, says report
The paper has proposed greater harmonisation in the overall regulatory landscape
 "MFI consultation paper: Incrementally positive for NBFC-MFIs, says report")
RBI should ease regulations for shipment credit
Many exporters do not find it practical to send the export documents through the banks because of the extra costs and delays involved
