Page 283 - Latest Updates on Reserve Bank of India
The market won't wait for earnings to recover, says Jitendra Gohil
Our house remains neutral on equities as an asset class, but believes equities may remain well supported, as global bond market yields are unattractive, he said
 "The market won't wait for earnings to recover, says Jitendra Gohil")
'Mortgage-GDP ratio, at less than 10%, is poor'
Another mechanism to promote low-ticket housing is through a safeguard quite like the credit guarantee scheme for micro, small and medium enterprises, which has seen a decent offtake
Media often captures sentiments correctly ahead of monetary policy: Study
Media often captures the sentiments correctly ahead of monetary policy announcements by the central bank, says a study by the Reserve Bank of India officials.
 "Media often captures sentiments correctly ahead of monetary policy: Study")
Hijacking bankers to catch swindlers won't work, consolidate relationships
The biggest victim is a state-dominated banking system that recoups very little from insolvent companies
 "Hijacking bankers to catch swindlers won't work, consolidate relationships")
Bank credit up 5.5% to Rs 102.65 trillion, deposits rise 11.1%: RBI data
On an year-on-year (YoY) basis, non-food bank credit growth was at 6.7 per cent in June 2020
 "Bank credit up 5.5% to Rs 102.65 trillion, deposits rise 11.1%: RBI data")
RBI transfers its surplus to the govt, but the deficit is just too wide
The amount may not be very significant in terms of supporting the govt finances as it would be around 0.25% of GDP against an expected fiscal deficit of close to 8% for 2020-21
 "RBI transfers its surplus to the govt, but the deficit is just too wide")
Technocrats versus politicians
In a democracy, monetary policy cannot be entirely left to technocrats any more than war can be left to generals
 "Technocrats versus politicians")
RBI slaps Rs 10 lakh fine on 4 cooperative banks for violating norms
The RBI on Thursday said it has imposed a total penalty of Rs 10 lakh on four cooperative banks for deficiencies in regulatory compliance.
 "RBI slaps Rs 10 lakh fine on 4 cooperative banks for violating norms")
Banks to be cautious in lending despite gold loan LTV relaxation: Report
Last week, the Reserve Bank of India had increased the permissible LTV ratio for loans against pledge of gold ornaments and jewellery for non-agricultural purposes from 75 per cent to 90 per cent
 "Banks to be cautious in lending despite gold loan LTV relaxation: Report")
NBFCs may see rise in refinancing as RBI allows loan restructuring: Report
A higher quantum of restructured assets would clearly reflect higher asset quality challenges for NBFCs and can restrict their ability to mobilise funds from banks and capital markets
 "NBFCs may see rise in refinancing as RBI allows loan restructuring: Report")
RBI's curb on current account use may hit private banks in the short term
Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor
 "RBI's curb on current account use may hit private banks in the short term")
Covid-19: Truth is the first casualty of India's pandemic finance
Shadow banks will be the biggest losers. They will restructure their borrowers' loans but their own liabilities to banks won't get the same treatment
Madhavan Aravamuthan appointed new chairman of Fairfax-backed CSB Bank
His skill set includes a deep knowledge of IT systems, payment and settlement systems, offsite surveillance of banks, etc
 "Madhavan Aravamuthan appointed new chairman of Fairfax-backed CSB Bank")
Rs 3 trn loans to retail, small firms most stressed due to Covid-19: Report
It estimated the debt at risk loans at risk of slipping into NPAs this fiscal unless restructured by banks at a "sizeable" Rs 3 trillion
Reserve Bank's silence on record India bond sales leaves traders baffled
The yield on the India's benchmark 10-year bond has stayed around 5.80 per cent since mid-May after falling by more than 70 basis points this year
 "Reserve Bank's silence on record India bond sales leaves traders baffled")
M&As to pick up once moratorium ends, loan recast takes off, say bankers
Several airlines, hotels, travel firms are likely to move their applications for one-time restructuring once moratorium ends. These companies will look at selling assets of stakes
Wanted: An MPC with more power and 'flexibility'
The members can come from diverse backgrounds such as finance, labour and economics, and must have a say in the entire interest-rate architecture
Forex reserves hit an all-time high of $534.5 bn in week ended July 31
While announcing the monetary policy on Thursday, Reserve Bank of India Governor Shaktikanta Das said the reserves at $534.6 billion are equivalent to 13.4 months of imports
 "Forex reserves hit an all-time high of $534.5 bn in week ended July 31")
Monetary policy: RBI lends helping hand to distressed retail borrowers
Under the scheme, a resolution plan for personal loans may be invoked till December 31 and will be implemented within 90 days thereafter
 "Monetary policy: RBI lends helping hand to distressed retail borrowers")
HDFC Bank's delayed reports to draw in Indian regulator
The local unit of Experian Plc told RBI in July that HDFC Bank has been late in providing details of its loans
 "HDFC Bank's delayed reports to draw in Indian regulator")