Page 276 - Latest Updates on Reserve Bank of India
The year unconventional monetary policy turned conventional, India to US
With the global recovery still uncertain and the virus set to leave scars on employers and employees, the likelihood is that monetary policy will stay ultra-loose for years to come
 "The year unconventional monetary policy turned conventional, India to US")
RBI remains net purchaser of US dollar in July, buys $15.973 billion
The Reserve Bank continued to remain a net buyer of the US currency in July after it purchased USD 15.973 billion on a net basis from the spot market, according to its monthly bulletin
 "RBI remains net purchaser of US dollar in July, buys $15.973 billion")
Flush with funds, banks show little interest in RBI's repo operations
The cut-off yield was 4 per cent, which is at par with the policy repo rate
 "Flush with funds, banks show little interest in RBI's repo operations")
RBI refuses to sell another batch of 10-year bonds at market ask
This is the third straight auction of 10-year bonds that has devolved, leaving the market perplexed
 "RBI refuses to sell another batch of 10-year bonds at market ask")
Currency in circulation rises 24% as people hoard cash, shows RBI data
Total currency with the public stood at Rs 25.83 trillion as of August 28, as against Rs 23.49 trillion at the end of March 31, 2020
 "Currency in circulation rises 24% as people hoard cash, shows RBI data")
RBI lays down guidelines for banks to appoint chief compliance officers
RBI laid down guidelines for appointment of chief compliance officer (CCO) in banks to ensure uniform approach with regard to compliance and risk management culture across the banking industry
 "RBI lays down guidelines for banks to appoint chief compliance officers")
Reserve Bank of India issues new compliance guidelines for banks
RBI issued new guidelines for banks to tighten their compliance functions and ensure that chief compliance officers follow the best industry practices as required by supervisory expectations
Loan restructuring: This time is different
It marks a reversal in the approach to tackling bad loans, but it is not kicking the can down the road
 "Loan restructuring: This time is different")
Managing expectations
EPFO subscribers should be prepared for lower returns
 "Managing expectations")
YES Bank returns Rs 50,000 cr special funding to RBI way ahead of due date
RBI had extended special funding support as a part of restructuring scheme to rescue the ailing bank
 "YES Bank returns Rs 50,000 cr special funding to RBI way ahead of due date")
Inflation targeting: Indian experience may have lessons for the world
Rather than butting heads with the fiscal authority, or meekly toeing its line, the central bank should insist on pragmatic, rules-based cooperation
 "Inflation targeting: Indian experience may have lessons for the world")
SC adjourns hearing on loan moratorium as RBI seeks time to file affidavit
The apex court ordered that all decisions taken by the RBI, the Government of India or the banks be placed before it for consideration
 "SC adjourns hearing on loan moratorium as RBI seeks time to file affidavit")
India's road to economic recovery will be a long, hard and painful one
Real GDP in 2021-22 will be lower than in 2019-20 and the economic, social and strategic consequences will be profoundly negative
 "India's road to economic recovery will be a long, hard and painful one")
Economy needs action; govt should exit its bubble and listen to advice
Govt must be open to economists' advice and correct course
 "Economy needs action; govt should exit its bubble and listen to advice")
Why the massive expansion in RBI's balance sheet isn't really extraordinary
As a share of nominal GDP, the balance sheet is well within the levels of the past few years; yet it could influence every sphere of economic activity in the country
 "Why the massive expansion in RBI's balance sheet isn't really extraordinary")
RBI constructing e-payment index to assess extent of digitisation: Official
RBI is in the process of constructing a digital payment index to assess the extent of digitisation in the country and innovation in existing modes and channels to bridge digital divide
RBI's loan restructuring scheme: Here's how it benefits you
The debt restructuring process involves a reduction of the interest rates on loans or an extension of its repayment tenure, or both
 "RBI's loan restructuring scheme: Here's how it benefits you")
Explained: How to solve the financial sector's capital shortfall
Given that PSBs account for 90% of the shortage, a credible divestment plan would reveal some well-capitalised suitors among private banks
 "Explained: How to solve the financial sector's capital shortfall")
Kamath panel recommendations: 1,027 listed firms eligible for debt recast
These exclude banks, insurers, and NBFC
Loan recast: Things should be back on track in 2 years, says K V Kamath
In an interview to Abhijit Lele, Kamath said challenges faced by non-banking financial companies (NBFCs) should be dealt separately by the regulator
 "Loan recast: Things should be back on track in 2 years, says K V Kamath")