Page 290 - Latest Updates on Reserve Bank of India
RBI bars YES Bank from coupon payment on Upper Tier II bonds
The private lender had approached banking sector regulator RBI seeking approval to pay interest due as on June 29, 2020 for Upper Tier II Bonds
 "RBI bars YES Bank from coupon payment on Upper Tier II bonds")
Coronavirus updates: Delhi second most-affected state; drug for patients
Donald Trump may announce foreign workers' visa restrictions today, protect Americans struggling with a job market devastated by the coronavirus pandemic
 "Coronavirus updates: Delhi second most-affected state; drug for patients")
Rate-sensitive sectors on a strong run since RBI's 40 bps repo rate cut
The move brought the repo rate to 4 per cent, which is the lowest since 2000
 "Rate-sensitive sectors on a strong run since RBI's 40 bps repo rate cut")
RBI draft guidelines will strengthen HFCs, safeguard investor interest
Most listed mortgage lenders already meet the requirements
 "RBI draft guidelines will strengthen HFCs, safeguard investor interest")
RBI push pays off as offshore currency trading starts trickling in onshore
Target is to bring 25% of offshore volume to IFSC by December
 "RBI push pays off as offshore currency trading starts trickling in onshore")
Will ensure banks pass on rate cuts to consumers: Sitharaman to India Inc
Last month, the RBI slashed the benchmark repurchase (repo) rate, the price at which banks borrow from the central bank, by 40 basis points to a historic low of 4%
 "Will ensure banks pass on rate cuts to consumers: Sitharaman to India Inc")
RBI raises PMC Bank withdrawal limit to Rs 1 lakh from Rs 50,000 earlier
With this 84% of the bank's depositors will be able to withdraw their entire money deposited with it
 "RBI raises PMC Bank withdrawal limit to Rs 1 lakh from Rs 50,000 earlier")
A radical overhaul of bank governance
The prosaic truth is that corporate governance just doesn't happen
Rebuilding the automotive chain
Demand generation is crucial to repair the broken supply chain. Steps should be taken to revive consumer confidence, create optimism
Fitch revises India's rating: A third view which is different yet again?
Fitch has used the pandemic impact to comment on lower growth for India, which can be -5 per cent this year due to the lockdown and its effects
 "Fitch revises India's rating: A third view which is different yet again?")
RBI to replace NHB rules with its own set as the new HFC regulator
Central bank sets a formal definition of 'housing finance' in draft released on its website
 "RBI to replace NHB rules with its own set as the new HFC regulator")
Loan moratorium scheme: The story so far
Here's all you need to know about loan moratorium, how does it work? Should one ideally opt for it, Supreme Court's observations and more
 "Loan moratorium scheme: The story so far")
Interest rate waivers for loans during moratorium to harm depositors: AIBDA
It further added that historically, the sovereign covered the loan interest waivers, but in the current situation, a shortfall in revenues both at the Centre and state level will not permit the same
 "Interest rate waivers for loans during moratorium to harm depositors: AIBDA")
Q1 advance tax mop-up falls 76% as Covid-19 pandemic bites economy
Net collection down 32%
 "Q1 advance tax mop-up falls 76% as Covid-19 pandemic bites economy")
Recovering from the Covid epidemic
The fiscal conservatism of the finance ministry means growth revival will take longer and may not be seen till late in the next fiscal year or even later
 "Recovering from the Covid epidemic")
Data deficiency
Quality of numbers could affect economic policy response
 "Data deficiency")
After MSMEs, let's focus on large stressed sectors
The Rs 3-trillion booster dose may help bring MSMEs back on the rails but to whom will they supply goods? It's time to take a look at companies with enough assets but strained cash flows
 "After MSMEs, let's focus on large stressed sectors")
RBI steps up monitoring of retail payment modes, modifies framework
The RBI has classified the National Payments Corporation of India (NPCI) as FMI, thereby increasing the regulatory oversight on the entity
 "RBI steps up monitoring of retail payment modes, modifies framework")
RBI to review guidelines on ownership, corporate structure of pvt banks
RBI said it is necessary to align regulations to meet the requirements of a dynamic banking landscape
 "RBI to review guidelines on ownership, corporate structure of pvt banks")
RBI proposes upper age limit of 70 yrs for bank CEOs, whole-time directors
Recent events in a dynamic and rapidly evolving financial landscape have led to increasing scrutiny of the role of promoters, major shareholders and senior management vis-a-vis the role of a board