Page 256 - Latest Updates on Reserve Bank of India
RBI open to digital currency, examining the need to introduce CBDC
A CBDC is legal tender and a central bank liability in digital form denominated in a sovereign currency and appearing on the central bank's balance sheet.
 "RBI open to digital currency, examining the need to introduce CBDC")
RBI refutes reports of withdrawal of old Rs 100, Rs 10, Rs 5 notes
The Reserve Bank of India (RBI) on Monday refuted reports of withdrawal of old series of Rs 100, Rs 10 and Rs 5 currency notes.
 "RBI refutes reports of withdrawal of old Rs 100, Rs 10, Rs 5 notes")
Best of BS Opinion: Correct course on tariffs, regulating NBFCs, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Correct course on tariffs, regulating NBFCs, and more")
NBFC norms will check regulatory arbitrage, support growth: Experts
An analyst with a rating agency said the regulation should be ownership neutral and avoid special treatment
 "NBFC norms will check regulatory arbitrage, support growth: Experts")
Strengthening regulation
Growth of NBFCs needs better supervision by RBI
 "Strengthening regulation")
Fraud in fintech being fought with regulatory tech
It has been estimated that more than 1,200 lending apps are active in India. While some have been shut down or removed from Google or Apple platforms, others can pop up with frightening speed
 "Fraud in fintech being fought with regulatory tech")
RBI discussion paper proposes four-tier structure for NBFC regulations
Paper has also sought to raise net-owned funds required for new NBFCs from Rs 2 cr to Rs 20 cr. Timeline of five years for existing NBFCs to adhere to new norms
 "RBI discussion paper proposes four-tier structure for NBFC regulations")
HDFC Bank submits action plan to RBI, hopes to fix outage issue in 3 months
The bank hopes to improve its technology platform in three months
 "HDFC Bank submits action plan to RBI, hopes to fix outage issue in 3 months")
Top headlines: RBI paper proposes four-tier structure for NBFCs
CBI books Cambridge Analytica, Global Science over illegal data harvesting, Bharat Biotech becomes first Indian Covid vaccine maker to get peer-reviewed data
RBI paper proposes new regulatory framework for NBFCs, 4-tier structure
The paper proposed a structure to categorise NBFCs, or shadow banks, depending on their size and interconnectedness with the system
 "RBI paper proposes new regulatory framework for NBFCs, 4-tier structure")
Best of BS Opinion: Sensex hits 50K-mark, Biden's presidency starts & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Sensex hits 50K-mark, Biden's presidency starts & more")
Economy getting over pandemic, growth headed for 'glorious summer': RBI
Labour market conditions are improving with a gradual pick up in employment, says central bank in January Bulletin
 "Economy getting over pandemic, growth headed for 'glorious summer': RBI")
Indian exports likely to lose edge on rising rupee, says RBI study
Study suggests absorbing inflows to avoid this; effective exchange rate index revamped
 "Indian exports likely to lose edge on rising rupee, says RBI study")
Reserve Bank of India imposes Rs 2 cr penalty on Standard Chartered Bank
The Reserve Bank on Thursday imposed a penalty of Rs 2 crore on Standard Chartered BankIndia for delays in reporting of frauds to it.
 "Reserve Bank of India imposes Rs 2 cr penalty on Standard Chartered Bank")
RBI withdraws circulars on recovering excess payments made to pensioners
Pensioners had complained that the 'recovery of excess /wrong pension payments' was being done in violation of guidelines and court orders
RBI remains net purchaser of US dollar in November, buys $10.261 bn
The Reserve Bank of India (RBI) continued to remain a net buyer of the US currency in November
 "RBI remains net purchaser of US dollar in November, buys $10.261 bn")
Turnaround hopes for rupee fade over RBI's stance on forex reserves
The rupee is under pressure to rise on heavy foreign inflows
 "Turnaround hopes for rupee fade over RBI's stance on forex reserves")
Treasury bill yields start inching higher on liquidity normalisation
RBI last week stepped into normalise its ultra-loose liquidity policy by introducing a Rs 2 trillion 14-day reverse repo auction.
A surge in bad debt is set to further worsen India's shadow bank crisis
Non-performing assets already swelled in the most recent data to the highest in at least five years, at 6.3% as of March 2020 even before the worst of the pandemic impact, the RBI said
 "A surge in bad debt is set to further worsen India's shadow bank crisis")
Best of BS Opinion: Start-up's flights of fancy, powering mobility & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Start-up's flights of fancy, powering mobility & more")