Page 273 - Latest Updates on Reserve Bank of India
Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next
How did a profitable bank founded 94 years ago to serve small businesses became a headless institution? Listen to the podcast to know more
 "Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next")
Best of BS Opinion: The missing MPC, biodiversity loss, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: The missing MPC, biodiversity loss, and more")
How Lakshmi Vilas Bank eroded its wealth amid controversy and losses
How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass?
 "How Lakshmi Vilas Bank eroded its wealth amid controversy and losses")
The missing MPC
Delay in appointing external members sends a wrong signal
 "The missing MPC")
Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India
Sebi and RBI had conducted a joint inspection, where they found lapses
 "Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India")
RBI gives more time to avail additional market borrowing, OD facility
The Reserve Bank in April provided additional flexibility to states and Union Territories (UTs) to raise funds to deal with the Covid-19 crisis. The flexibility was available till September 30, 2020.
RBI move to keep yields low shakes bond mkt, leaves participants perplexed
Participants complain RBI hasn't done much to help alleviate stress in market
HC allows plea against Lakshmi Vilas, wants Sebi and RBI replies in 8 weeks
An individual shareholder filed a PIL raising serious of allegations against the bank functioning, asked Court to appoint an administrator
RBI extends enhanced borrowing limit for banks under MSF till March 31
RBI has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021
 "RBI extends enhanced borrowing limit for banks under MSF till March 31")
Govt failure to appoint MPC members injects more uncertainty in the economy
The Reserve Bank of India deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision
 "Govt failure to appoint MPC members injects more uncertainty in the economy")
Best of BS Opinion: India at UN high table, shareholders in action & more
Business Standard opinion pieces for the day, among other things, talk about the issues related to Lakshmi Vilas Bank
 "Best of BS Opinion: India at UN high table, shareholders in action & more")
Shareholders in action
Problems at Lakshmi Vilas Bank should be settled swiftly
 "Shareholders in action")
Performance of MPC 1.0 between 2016 and now explained in three charts
The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators
Short of MPC members, RBI announces deferring monetary policy meeting
The central bank didn't give any reason, but the external members for the MPC have not been appointed by the government.
 "Short of MPC members, RBI announces deferring monetary policy meeting")
RBI extends enhanced borrowing limit for banks under MSF till Mar 31
Under the MSF, banks can borrow overnight at their discretion by dipping into the Statutory Liquidity Ratio (SLR)
Lakshmi Vilas Bank to be run by 3 independent directors' panel: RBI
The Reserve Bank of India has approved that the day-to-day affairs of Lakshmi Vilas Bank will be run by a Committee of Directors (CoD) comprising three independent directors
Best of BS Opinion: RBI's GDP projection, progressive farm Bills, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: RBI's GDP projection, progressive farm Bills, and more")
West's central banks are undergoing a profound shift. RBI must not follow
Starting with the Fed, the West's central bankers are descending into a dangerous spiral of overconfidence. RBI has no such room for error
No rate cut, all eyes on RBI's GDP projection
Lower inflation next year may open the space for rate cut, but for now the challenge is seeing through the government borrowing and keeping the bond yield low
In the wonderland of regulation
A plethora of regulations is never the answer to identified regulatory gaps
