Page 231 - Latest Updates on Reserve Bank of India
Only nine large firms' debt of Rs 59,000 crore recast by banks so far
Kamath panel approved all the nine proposals of banks
 "Only nine large firms' debt of Rs 59,000 crore recast by banks so far")
Given nod to set up small finance bank to take over PMC Bank: RBI to HC
A senior advocate representing the RBI said this will ease the trouble faced by the bank's customers who are unable to withdraw their money
 "Given nod to set up small finance bank to take over PMC Bank: RBI to HC")
RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%
The Reserve Bank of India has allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme
 "RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%")
Rupee slides toward year's low against dollar as trade deficit widens
The Reserve Bank of India also has $600 billion of currency reserves to draw on to curb any sharp fall in the rupee
 "Rupee slides toward year's low against dollar as trade deficit widens")
Status check: Banks are yet to build up a robust 'Covid loan book'
The RBI came up with the scheme on May 7, mainly for the health sector. It subsequently increased the amount to include contact intensive sectors to ease the hardship
 "Status check: Banks are yet to build up a robust 'Covid loan book'")
Did central planning end in July 1991?
Government picking winners is alive and well
 "Did central planning end in July 1991?")
Take adequate, long-term exposure to equities to counter inflation
In the short term, take on part-time work and postpone discretionary expenses to cope with this round of price rise which may not end in a hurry
 "Take adequate, long-term exposure to equities to counter inflation")
Reserves remove doubt on ability to act: RBI Governor Shaktikanta Das
Economic activities are expected to improve further going into July or into the second half, says Governor Das
 "Reserves remove doubt on ability to act: RBI Governor Shaktikanta Das")
New 10-year bond at 6.1% signals RBI's tolerance for higher yields
Bond dealers welcome move, say this would help correct distortion in the yield curve
 "New 10-year bond at 6.1% signals RBI's tolerance for higher yields")
RBI could be facing another standoff with traders over new bond sale
Central bank seeks to keep the government's borrowing costs low, while investors are demanding higher yields.
 "RBI could be facing another standoff with traders over new bond sale")
RBI to banks: Phase out Libor soon, move to alternative reference rates
However, lenders say they're not sure which alternative will be more reliable
 "RBI to banks: Phase out Libor soon, move to alternative reference rates")
Investors need to adopt a barbell strategy for debt-oriented funds: Experts
Keep bulk of your portfolio in low-risk funds; chase returns in residual portion if you have the capacity
 "Investors need to adopt a barbell strategy for debt-oriented funds: Experts")
Bonds rally after RBI guv indicates accommodative policies will continue
"Any hasty withdrawal of monetary policy support will negate the nascent or incipient recovery that is taking place," RBI Governor Shaktikanta Das told Business Standard in an interview
 "Bonds rally after RBI guv indicates accommodative policies will continue")
Hasty withdrawal of easy policy can undo gains: RBI Guv Shaktikanta Das
Inflation is showing signs of stickiness, but it is only a "transitory hump" that should moderate in the third quarter, he said.
 "Hasty withdrawal of easy policy can undo gains: RBI Guv Shaktikanta Das")
Debt cut strategies useful for borrowers but they come at a cost
Loan restructuring and moratorium increase interest outgo
 "Debt cut strategies useful for borrowers but they come at a cost")
RBI imposes penalty of up to Rs 2 cr on 14 banks for non-compliance
The penalty ranges from Rs 50 lakh to Rs 2 crore, with SBI being charged Rs 50 lakh and BoB Rs 2 crore
 "RBI imposes penalty of up to Rs 2 cr on 14 banks for non-compliance")
Price shock has ICICI Prudential Life's exec expecting hawkish RBI in Aug
India's retail inflation crossed outside the central bank's 2%-6% comfort zone recently, pushing yields higher on fears the Reserve Bank of India's policy tone will change as early as August in the di
Fresh tussle between RBI, bond market expected ahead of 10-yr paper launch
The 10-year paper is no longer the most traded one - which is unusual
 "Fresh tussle between RBI, bond market expected ahead of 10-yr paper launch")
Give necessary standing instructions for renewal of your FD, say analysts
Inform your heirs about deposits and whereabouts of related documents so that they can make a claim
The current 'inflation' is a mystery. FinMin, RBI must tread carefully
At a time of declining incomes, people don't have money. So they do not buy. If they don't buy, prices must fall, not increase. What, then, explains the inflation? T C A Srinivasa Raghavan explores
