Page 242 - Latest Updates on Reserve Bank of India
RBI bars American Express, Diners Club from onboarding new customers
The central bank said the card companies did not adhere to guidelines on local data storage
 "RBI bars American Express, Diners Club from onboarding new customers")
M Narasimham: Forgotten contributions
In 1977, the Janata government asked him to leave and made Narasimham governor for five months
RBI directs banks to halve dividend payouts amid 2nd Covid wave
This is a bid to conserve capital and stay resilient.
 "RBI directs banks to halve dividend payouts amid 2nd Covid wave")
Banks must halve their dividends to conserve capital in view of Covid: RBI
Banks could pay maximum 50% of dividend from their profits in 2020-21; no such restriction on cooperative banks
 "Banks must halve their dividends to conserve capital in view of Covid: RBI")
The mounting cost of Covid-19
The rapid increase in the number of new Covid-19 cases and restrictions on activity are affecting economic recovery
RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman
Private sector lender HDFC Bank on Friday said the Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank
 "RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman")
Covid-19 second wave single biggest challenge to recovery: RBI Governor Das
MPC minutes show one member saw little merit in continuing with central bank's forward guidance
 "Covid-19 second wave single biggest challenge to recovery: RBI Governor Das")
MPC: Covid surge biggest challenge to ongoing economic recovery, says Das
The RBI governor also said that global financial markets have turned volatile over inflation fears in advanced economies and rising commodity prices, posing risks to the domestic outlook
 "MPC: Covid surge biggest challenge to ongoing economic recovery, says Das")
US currency list move an intrusion in RBI policy space: Commerce secretary
The commerce secretary said he expects robust growth in exports in the current fiscal year
'Father of banking reforms': Ex-RBI governor M Narasimham passes away at 94
Narasimham also founded the credit planning cell in RBI, which became the monetary policy department
 "'Father of banking reforms': Ex-RBI governor M Narasimham passes away at 94")
Former Reserve Bank governor Maidavolu Narasimham passes away at 94
After his short term as RBI governor, he served as India's executive director at the World Bank and later at the International Monetary Fund (IMF)
 "Former Reserve Bank governor Maidavolu Narasimham passes away at 94")
Three risks that the equity markets may not be fully pricing in
A weaker Rs, slower growth, and higher inflation could lead to investors focusing on export-oriented stocks
 "Three risks that the equity markets may not be fully pricing in")
RBI constitutes six-member panel headed by former ED to review ARCs
The panel will recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector
Wave of disruption
New Covid cases could threaten the fragile economic recovery
 "Wave of disruption")
Households wary of discretionary spending
The RBI Current Situation Index has been negative in all surveys conducted in the past four years except the one in March 2019
HDFC Bank: Credit card biz, Covid-19 second wave pose near-term threat
A fresh Covid wave can potentially disrupt the recovery of businesses hurting some sections of HDFC Bank's loan book, analysts say
 "HDFC Bank: Credit card biz, Covid-19 second wave pose near-term threat")
Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more")
A hale and hearty banking sector but...
More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once they are branded as defaulters since no lender will give them fresh money
RBI rejects 10-year bids, leaving short sellers scrambling for cover
Brings down yield to 6.08%, down 4 bps from last close
 "RBI rejects 10-year bids, leaving short sellers scrambling for cover")
HDFC Bank Q4: Analysts see 25% YoY jump in PAT; guidance key monitorable
Q4 earnings: Despite a moderated YoY growth in loan book, HDFC Bank continues to outperform industry, resulting in market share gain
 "HDFC Bank Q4: Analysts see 25% YoY jump in PAT; guidance key monitorable")