Page 284 - Latest Updates on Reserve Bank of India
Monetary policy: RBI measures preserved financial stability, says Das
The RBI's monetary policy committee has kept the repo rate unchanged at 4 per cent, amid rising inflationary pressure and a grim economic outlook
 "Monetary policy: RBI measures preserved financial stability, says Das")
RBI governor announces 'positive pay' feature to help avert cheque frauds
Under the 'positive pay' system, a customer who issues the cheque clicks a picture of the cheque before handing it over to the beneficiary and uploads the same on the bank's mobile application
 "RBI governor announces 'positive pay' feature to help avert cheque frauds")
RBI's silence on bond purchases may have left traders disenchanted
The RBI held the repurchase rate at 4 per cent, as it chose to wait for inflation to cool before adding to steps aimed at supporting a fragile economy
 "RBI's silence on bond purchases may have left traders disenchanted")
RBI's move to allow loan restructuring will support retail industry: RAI
The Retailers Association of India said the Reserve Bank of India's (RBI) move to permit a one-time restructuring of loans will support the retail industry
 "RBI's move to allow loan restructuring will support retail industry: RAI")
RBI to set up 'Innovation Hub' for financial inclusion, efficient banking
The Hub will act as a centre for ideation and incubation of new capabilities
 "RBI to set up 'Innovation Hub' for financial inclusion, efficient banking")
Easy liquidity policies have helped NBFCs, aided faster transmission: Das
There has been a criticism that the excess liquidity framework helps lower the cost of borrowing for the government as the yields on bonds go down
RBI extends debt restructuring for MSME, ups gold LTV ratio; bank stks gain
The RBI will constitute an Expert Committee which shall make recommendations on the required financial parameters, along with the sector specific benchmark, to be factored into debt resolution plans
 "RBI extends debt restructuring for MSME, ups gold LTV ratio; bank stks gain")
Rupee settles flat at 74.94 against US dollar after RBI keeps rates on hold
During the session, it had witnessed an intra-day high of 74.77 and a low of 74.96 against the greenback
 "Rupee settles flat at 74.94 against US dollar after RBI keeps rates on hold")
RBI adds glitter to gold, allows 90% loans against jewellery till Mar 2021
At present, loans sanctioned by banks against pledge of gold ornaments and jewellery is up to 75% of the value of such items
 "RBI adds glitter to gold, allows 90% loans against jewellery till Mar 2021")
Need secured loan? Now you can get more from your gold; here's how
Unlike a personal loan, gold loan is secured loan with your gold article as collateral, and bears a lower interest rate
South Indian Bank gets RBI's nod to set up non-financial subsidiary
Private sector lender South Indian Bank (SIB) on Wednesday said the RBI has given an in-principle approval for setting up a wholly owned non-financial subsidiary.
 "South Indian Bank gets RBI's nod to set up non-financial subsidiary")
RBI may not cut lending rate; announce other measures to boost growth
Although opinions are divided on the rate cut, experts believe loan restructuring is more essential at this juncture to combat the impact of Covid-19
 "RBI may not cut lending rate; announce other measures to boost growth")
RBI monetary policy: Rate cut too close to call on CPI risks, says survey
Governor Das has recently turned his attention toward the fragile financial sector amid forecasts for a sharp rise in bad loans
 "RBI monetary policy: Rate cut too close to call on CPI risks, says survey")
Bank stocks in focus; Nifty Bank up 2%; Axis Bank, HDFC Bank rally up to 4%
Financial stocks were trading actively on Wednesday ahead of the Reserve Bank of India's monetary policy outcome, due Thursday. RBL Bank, IndusInd Bank, SBI, ICICI Bank & Bandhan Bank gained up to 5%
 "Bank stocks in focus; Nifty Bank up 2%; Axis Bank, HDFC Bank rally up to 4%")
After the moratorium: Banks have to face their bad loan problem, again
Indian banks will have a hard task when RBI's moratorium ends this month. Those that do not get capital will have to show their true health, writes Tamal Bandyopadhyay
Handling the dollar deluge
Diverging fiscal responses to the crisis can create serious macroeconomic challenges for countries globally
 "Handling the dollar deluge")
Street has high hopes from HDFC Bank's new MD-CEO Sashidhar Jagdishan
Smooth transition, past experience are positives, say experts
 "Street has high hopes from HDFC Bank's new MD-CEO Sashidhar Jagdishan")
Regulators on guard to stave off a potential sovereign rating downgrade
Trimming of India's sovereign ratings to the lowest investment grade by Moody's Investors Service has triggered the move
 "Regulators on guard to stave off a potential sovereign rating downgrade")
Sashidhar Jagdishan to succeed Aditya Puri as HDFC Bank CEO
He joined the Bank in the 1996 and heads finance, human resources, and other departments
 "Sashidhar Jagdishan to succeed Aditya Puri as HDFC Bank CEO")
Best of BS Opinion: tracking high-yield markets; calling for nuclear power
Flagging economic recovery, therefore, would be a key concern for the Monetary Policy Committee, says our editorial.
 "Best of BS Opinion: tracking high-yield markets; calling for nuclear power")