Page 250 - Latest Updates on Reserve Bank of India
Here's why Nifty Bank index tanked 5% on NSE amid rising bond yields
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
 "Here's why Nifty Bank index tanked 5% on NSE amid rising bond yields")
DHFL hits 5% upper circuit as RBI okays Piramal Group's resolution proposal
On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance
 "DHFL hits 5% upper circuit as RBI okays Piramal Group's resolution proposal")
Video KYC: Private banks hit the ground the running, while PSBs lag
Contactless identification could be a gamechanger in the post-Covid world
 "Video KYC: Private banks hit the ground the running, while PSBs lag")
RBI balance sheet not compromised by liquidity operations: Shaktikanta Das
The centre and state governments likely to reduce taxes to bring down high fuel prices
 "RBI balance sheet not compromised by liquidity operations: Shaktikanta Das")
Cryptocurrency Bill may not be tabled in the current Parliament session
The Crypto Bill seeks to ban private cryptocurrencies and allow only the ones required to promote blockchain technology with ties to the Reserve Bank of India.
 "Cryptocurrency Bill may not be tabled in the current Parliament session")
Benchmark yields may jump to 6.4% by March 2022: Acuite Ratings Report
The benchmark bond (10-year tenor) yields had fallen to 5.6 per cent during the peak of the pandemic crisis but have since been rising and jumped 31 bps since the Budget
 "Benchmark yields may jump to 6.4% by March 2022: Acuite Ratings Report")
Official, private digital currencies can coexist, say IMF experts
The blog suggests a central bank digital currency may be designed to encourage the private sector to innovate on top of it
 "Official, private digital currencies can coexist, say IMF experts")
RBI's asset purchases did not dilute its balance sheet: Governor
Das on Thursday said the central bank's asset purchases did not dilute its balance sheet or compromise on core principles of central banking
 "RBI's asset purchases did not dilute its balance sheet: Governor")
Payments banks may also join private banks to offer tax, pension services
The finance ministry has now made it clear that there is now no bar on the RBI's authorisation of private-sector banks to offer government business
 "Payments banks may also join private banks to offer tax, pension services")
'Current yields will lead to mark-to-market losses for banks'
Rate hikes will be something which we can expect when the borrowing programme comes down and economic growth prospects are strong, Nagarjan said
 "'Current yields will lead to mark-to-market losses for banks'")
Allow firms to invest in EL-rated infra projects: Govt to regulators
Regulators have now permitted investment in high-rated infra projects
 "Allow firms to invest in EL-rated infra projects: Govt to regulators")
'Won't pull out liquidity': RBI tries to calm bond market nerves
Central bank governor welcomes blockchain tech, but voices major concerns on cryptocurrency
Big is beautiful in India?
Excessive focus on the biggest Indian companies could be counterproductive for employment generation
 "Big is beautiful in India?")
Fino Payments Bank says inclusion in commercial bank list to boost biz
Fino Payments Bank on Wednesday said it will be able to improve its business prospects further as the RBI has included it in the category of a scheduled commercial bank
 "Fino Payments Bank says inclusion in commercial bank list to boost biz")
RBI chief asks markets for trust, as bonds suffer post-budget sell-off
The benchmark 10-year bond yield, at 6.17%, was up 22 basis points since its low last week
Reserve Bank of India concerned crypto may impact financial stability
Prime Minister Narendra Modi's administration is proposing to prohibit all private cryptocurrencies in the country and create a framework for an official digital currency
 "Reserve Bank of India concerned crypto may impact financial stability")
With high interest rates likely, investors need to avoid long-term funds
Shorter-duration funds will benefit from being able to reinvest at regular intervals
 "With high interest rates likely, investors need to avoid long-term funds")
Explained: Why is a rise in bond yields a concern for everyone?
A rise in sovereign bond yields means a rise in the interest rate in the economy
Message from market
RBI must be mindful of inflation risks of higher borrowing
Consumer sentiment in India's recovery
Growth that bounced back from -23.9 per cent in the first quarter to -7.5 per cent now seems poised to return to the positive zone in the third quarter
