Page 279 - Latest Updates on Reserve Bank of India
Future Enterprises board meet on September 7, to take up RIL deal today
Company's board to meet today on sale of retail arms to RIL
 "Future Enterprises board meet on September 7, to take up RIL deal today")
RBI's core income growth takes a hit as global interest rates decline
The central bank's core earnings or interest income from its rupee and forex assets were up just 2.3% year-on-year in FY20 despite 30% rise in its assets during the year
 "RBI's core income growth takes a hit as global interest rates decline")
Forex reserves surge to $537.548 bn, gold reserves down at $37.26 bn
The country's reserve position with the IMF also increased by $6 million to $4.634 billion during the reporting week
 "Forex reserves surge to $537.548 bn, gold reserves down at $37.26 bn")
RBI refuses to budge on bond rates, rupee strengthens to 6-month high
Central bank seems to have briefly withdrawn from intervening in spot currency markets, even as it continued with its forwards markets intervention
 "RBI refuses to budge on bond rates, rupee strengthens to 6-month high")
Operating profits of manufacturing companies declined in Q4FY20: RBI
The operating profits of services companies (IT and non-IT) decelerated due to moderation in sales growth during the last quarter of 2019-20, it said
 "Operating profits of manufacturing companies declined in Q4FY20: RBI")
RBI may not extend moratorium on repayment of loans beyond Aug 31: Report
The six-month moratorium period comes to an end on August 31
 "RBI may not extend moratorium on repayment of loans beyond Aug 31: Report")
Stagflation risks grip bond markets, high yields are here to stay: Report
The initial trigger for the spurt in the bond yields was the MPC decision to hold the rates, citing the spike in the inflation print on August 6
 "Stagflation risks grip bond markets, high yields are here to stay: Report")
RBI launches surveys on consumer confidence, inflation expectations
The results of these surveys "provide useful inputs for monetary policy", the RBI said while announcing the launch of September 2020 round of CCS and IESH through two statements
 "RBI launches surveys on consumer confidence, inflation expectations")
Covid-19: MIAL headed for debt restructuring under RBI's special window
RBI has formed a panel under the chairmanship of K V Kamath to advise on debt restructuring of corporate borrowers facing stress due to the pandemic.
 "Covid-19: MIAL headed for debt restructuring under RBI's special window")
States' GST revenue shortfall can be bridged by monetising debt, NSSF: SBI
The Centre said a special window can be provided to the states, in consultation with the RBI, for borrowing at a reasonable interest rate
 "States' GST revenue shortfall can be bridged by monetising debt, NSSF: SBI")
Bank credit grows 5.52% to Rs 102.2 trn in fortnight ended Aug 14: RBI data
Credit to the services sector continued to grow at a robust, albeit decelerated, rate at 10.7 per cent in June 2020 vis-a-vis 13 per cent in June 2019
 "Bank credit grows 5.52% to Rs 102.2 trn in fortnight ended Aug 14: RBI data")
Next tranche of gold bond opens on Aug 31, issue price at Rs 5,117/gm
The Sovereign Gold Bond Scheme 2020-21 series VI will open for subscription on August 31, 2020 and close on September 4, 2020
 "Next tranche of gold bond opens on Aug 31, issue price at Rs 5,117/gm")
Centre gives states two options to meet GST compensation cess shortfall
States given two options to borrow: Rs 97,000 crore or Rs 2.35 trillion, burden of repayment on extension of cess period
 "Centre gives states two options to meet GST compensation cess shortfall")
Top headlines: States to borrow Rs 2.35 trn, Ladakh situation 'serious'
Here are the top headlines of the day
 "Top headlines: States to borrow Rs 2.35 trn, Ladakh situation 'serious'")
No pressure from govt to participate in MSME scheme, says SBI chief
Leading bankers welcome term loan installment moratorium announced as economic relief
 "No pressure from govt to participate in MSME scheme, says SBI chief")
RBI's order could spell trouble for ARC-owning PE funds, say experts
The RBI had recently rejected a resolution plan - approved by the National Company Law Tribunal in June - that proposed selling Aircel's assets to UV Asset Reconstruction Company (UVARC)
Bad bank not only necessary but unavoidable in present situation: Subbarao
D Subbarao made a strong case for setting up a bad bank saying it is not just necessary but unavoidable in the present circumstances when NPAs are likely to balloon
 "Bad bank not only necessary but unavoidable in present situation: Subbarao")
Maintaining macroeconomic stability
It would not be easy to increase interest rates when the output is contracting
Another flaw in PSBs
Containing frauds will need wider reform
 "Another flaw in PSBs")
Don't hide behind RBI, clarify your stand on loan moratorium: SC to govt
A Bench headed by Justice Ashok Bhushan said the government had failed to clear its position on the issue despite the fact that ample powers were available with it under the Disaster Management Act
 "Don't hide behind RBI, clarify your stand on loan moratorium: SC to govt")