Page 236 - Latest Updates on Reserve Bank of India
RBI money printing must be last option, can consider Covid bonds: Subbarao
The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative: former RBI governor D Subbarao
 "RBI money printing must be last option, can consider Covid bonds: Subbarao")
NARCL headhunting for core team begins ahead of launch in July
Invites quotes from Aon to help it in the hiring process
 "NARCL headhunting for core team begins ahead of launch in July")
RBI asks banks not to destroy CCTV recordings of demonetisation period
Banks advised to preserve CCTV footage from branches, currency chests between Nov 6, 2016 to Dec 30, 2016 until further notice
No backdoor entry
Promoters should not be allowed to delay insolvency resolution
 "No backdoor entry")
SBI union, others urge RBI to scrap digital payments plan: letter
The letter urged the central bank to scrap the "whole process of NUE licensing"
Reserve Bank of India transfer tops govt's non-tax revenue source
In comparison, the Manmohan Singh government earned about Rs 99,000 crore in its first seven years from FY05 to FY11
 "Reserve Bank of India transfer tops govt's non-tax revenue source")
Reserve Bank imposes penalty on Bank of India, PNB totalling Rs 6 crore
The RBI on Monday imposed penalty aggregating to Rs 6 crore on Bank of India and Punjab National Bank for contravention of norms
Best of BS Opinion: Seal a tax deal, the road ahead for SBI, and more
Here are the best of Business Standard's opinion pieces for Monday
 "Best of BS Opinion: Seal a tax deal, the road ahead for SBI, and more")
Targeting growth
RBI should not underestimate risks
 "Targeting growth")
The road ahead for State Bank of India
The elephant in Indian banking has already become nimble-footed. Its new boss, Dinesh Khara, needs to choreograph the steps for its dance
 "The road ahead for State Bank of India")
FM Nirmala Sitharaman says macroeconomic fundamentals are sound
The finance ministry's assessment of the impact of the second wave on the economy will take a bit longer considering the timings and uncertainties, she said
 "FM Nirmala Sitharaman says macroeconomic fundamentals are sound")
Do not politicise GST Council: Finance Minister Nirmala Sitharaman
The government is conscious of the intensity of the second wave of Covid-19 and is assessing its full impact before coming out with further packages and interventions, says FM Sitharaman
 "Do not politicise GST Council: Finance Minister Nirmala Sitharaman")
Best of BS Opinion: Sub-African India, RBI monetary policy, and more
Here are the best of Business Standard's opinion pieces for Saturday
 "Best of BS Opinion: Sub-African India, RBI monetary policy, and more")
Monetary policy: RBI keeps rates unchanged, cuts growth forecast
Repo rate stays at 4%, stance accommodative; Central bank to buy Rs 1.2 trillion of bonds in Q2
 "Monetary policy: RBI keeps rates unchanged, cuts growth forecast")
Monetary policy: RBI to buy Rs 1.2 trillion in G-SAP for Sept quarter
The move impacted the sentiment a little bit and the 10-year bond yields rose 3 basis points from their previous close of 5.99 per cent
Covid-hit contact-intensive businesses see life support in RBI's measures
However, the businesses also believe that more is required to revive the pandemic-hit sectors
 "Covid-hit contact-intensive businesses see life support in RBI's measures")
Major concerns about crypto currencies conveyed to govt: RBI governor
This comes after RBI's circular earlier this week that clarified banks can no longer cite its circular on crypto for not offering such products to customers
 "Major concerns about crypto currencies conveyed to govt: RBI governor")
Fund-rich banks unlikely to use RBI's special window of Rs 15,000 crore
The RBI has decided to set up a special liquidity window of Rs 15,000 crore for contact-intensive sectors
 "Fund-rich banks unlikely to use RBI's special window of Rs 15,000 crore")
State Bank of India's domestic advances growth rebounds to 5.67% in FY21
SBI said that despite the ongoing pandemic, its business growth remained robust in the financial year ended March 2021
RBI policy offers continuity for stock markets, support to consumption
Oil prices and exchange rate, however, are key monitorables