Page 292 - Latest Updates on Reserve Bank of India
RBI pushes back on Hinduja brothers' plan to raise IndusInd Bank stake
The RBI has conveyed the decision to the IndusInd founders Srichand and Gopichand Hinduja, the people said
 "RBI pushes back on Hinduja brothers' plan to raise IndusInd Bank stake")
Bank credit grows 6.25% to Rs 102.23 trn, deposits up 10.64%: RBI
In the fortnight ended May 24, 2019, bank loans had stood at Rs 96.21 trillion and deposits at Rs 124.99 trillion, the RBI data showed
 "Bank credit grows 6.25% to Rs 102.23 trn, deposits up 10.64%: RBI")
Covid-19 impact: UltraTech Cement restricts FY21 capex to Rs 1,000 cr
In a regulatory filing, the Aditya Birla Group firm said the capital and financial resources of the company remain entirely protected
 "Covid-19 impact: UltraTech Cement restricts FY21 capex to Rs 1,000 cr")
Charging interest during loan moratorium 'detrimental', says SC bench
Bench seeks reply from FinMin, RBI; next hearing June 12
 "Charging interest during loan moratorium 'detrimental', says SC bench")
Consumer confidence falls, economy may contract by 1.5% in FY21: RBI
Real gross value added (GVA) is expected to decline by 1.7 per cent this fiscal but record 6.8 per cent growth in 2021-22, supported by uptick in industrial and services sector activities
Consumer confidence falls, economy may contract by 1.5% in FY21: RBI
Real gross value added (GVA) is expected to decline by 1.7 per cent this fiscal but record 6.8 per cent growth in 2021-22, supported by uptick in industrial and services sector activities
 "Consumer confidence falls, economy may contract by 1.5% in FY21: RBI")
SC seeks finance ministry's reply on waiver of interest during moratorium
The top court said there are two aspects under consideration in this matter no interest payment on loans during the moratorium period and no interest to be charged on interest
 "SC seeks finance ministry's reply on waiver of interest during moratorium")
Top 10 biz headlines: Make in India boost, fall in air traffic & more
Here are the top ten headlines on Thursday morning
 "Top 10 biz headlines: Make in India boost, fall in air traffic & more")
Suspension of IBC can affect resolution efforts and shift focus to recovery
On Wednesday, the Union Cabinet gave approval to the suspension of the IBC for Covid-19-related stress
 "Suspension of IBC can affect resolution efforts and shift focus to recovery")
RBI repo cuts not effective any longer? They seem to have lost their sting
In 12 months, bond yields are down 100 bps, against 200-bps cut in repo
 "RBI repo cuts not effective any longer? They seem to have lost their sting")
RBI stops 7.75% bond: Here're some fixed-income options for senior citizens
PMVVY, SCSS, PPF and Bharat Bond are instruments senior citizens can turn to
 "RBI stops 7.75% bond: Here're some fixed-income options for senior citizens")
RBI seeks clarity from govt on Taiwan's foreign direct investment status
The political and legal status of Taiwan is a contentious issue, with China seeing Taiwan as a breakaway province that will eventually be part of the country again
 "RBI seeks clarity from govt on Taiwan's foreign direct investment status")
ICICI Bank slashes interest rate on saving deposits by 25 basis points
The private sector lender has cut interest rate on all deposits of less than Rs 50 lakh to 3 per cent
 "ICICI Bank slashes interest rate on saving deposits by 25 basis points")
Moody's rating downgrade unlikely to rattle markets, say experts
'It was expected that Moody's would align back India's rating with Fitch and S&P'
 "Moody's rating downgrade unlikely to rattle markets, say experts")
Indian banks start trading in non-deliverable forward mkts for first time
RBI in the past was against this market, but gave way when it was found that the offshore volume in rupee trading is actually higher than the onshore volume
 "Indian banks start trading in non-deliverable forward mkts for first time")
Showing declared value on 'Bill of Lading' not mandatory, says expert
Rule 3 of the Rules Relating to the Bill of Lading (BL) set out in the Schedule to the Carriage of Goods by Sea Act, 1925, does not mandate that the value of the goods should be mentioned in the bill
 "Showing declared value on 'Bill of Lading' not mandatory, says expert")
Sebi, Centre at odds over easing disclosure norms for listed NCDs
If the proposal is approved, companies listing their non-convertible debentures won't be obliged to meet disclosure norms
 "Sebi, Centre at odds over easing disclosure norms for listed NCDs")
RBI's extension of loan moratorium a credit negative for NBFCs: Moody's
The credit outlook report noted that the Government of India and the Reserve Bank of India have announced a series of measures to alleviate liquidity stress at the NBFCs
 "RBI's extension of loan moratorium a credit negative for NBFCs: Moody's")
Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn
Loans in the retail segment contracted 2.5 per cent to Rs 24.90 trillion
 "Bank credit shrinks 1.2% in April, gross bank credit falls to Rs 91.53 trn")
Indian banks' asset quality pressure may last for at least 2 years: Fitch
Fitch estimates that the impact on impaired loan ratios could be anywhere between 200 to 600 basis points depending on the severity of stress and banks' individual risk exposures.
 "Indian banks' asset quality pressure may last for at least 2 years: Fitch")