Page 312 - Latest Updates on Reserve Bank of India
Analysts expect RBI to cut rates on growth concerns, coronavirus scare
Analysts expect an impact on India due to raw material shortages likely to disrupt supplies for key industries
 "Analysts expect RBI to cut rates on growth concerns, coronavirus scare")
Will Q3FY20 GDP numbers surprise today? Here's what analysts expect
Despite the number of measures by the Government and the RBI, the leading indicators available till the quarter ended December, 2019 are not particularly robust
 "Will Q3FY20 GDP numbers surprise today? Here's what analysts expect")
Reform PSBs
Time is up for directed lending approach
 "Reform PSBs")
Loans for medium enterprises must be linked to external benchmarks: RBI
With respect to micro and small enterprises, floating rate loans are already linked with external benchmarks
 "Loans for medium enterprises must be linked to external benchmarks: RBI")
Bandhan Bank to add 250 banking outlets by the end of this financial year
Move follows relaxation given by RBI to expand network. Earlier, the regulator had imposed curbs on lender for not meeting promoter shareholding norms
 "Bandhan Bank to add 250 banking outlets by the end of this financial year")
Bandhan Bank gets RBI relief on opening of branches, subject to conditions
The bank has been allowed to open new branches, provided 25% of all new banking outlets opened in a financial year are in unbanked rural centres
 "Bandhan Bank gets RBI relief on opening of branches, subject to conditions")
RBI announces 2 LTROs for three-year tenors worth Rs 250 bn in March
The reversal date of LTRO on March 2, 2020 is March 1, 2023 while for LTRO to be conducted on March 9, 2020, it will be March 7, 2023, RBI said.
 "RBI announces 2 LTROs for three-year tenors worth Rs 250 bn in March")
Credit growth may rise to 8-9% in FY21 on better economic activity: Crisil
During this fiscal, some growth momentum is expected in the fourth quarter, after subdued three quarters due to traditional fiscal year ending growth
 "Credit growth may rise to 8-9% in FY21 on better economic activity: Crisil")
Welcome review
Change in inflation target must be based on solid evidence
Banks of future will be very different, says RBI governor Shaktikanta Das
Regulating the distinct segments of these banks would be a challenging task, said Shaktikanta Das
 "Banks of future will be very different, says RBI governor Shaktikanta Das")
Cash is still king in India, but digital payments rising sharply: RBI
"India is next only to China in terms of the cash. However, the percentage of cash withdrawals to GDP has been constant in India at around 17 per cent," the report said.
 "Cash is still king in India, but digital payments rising sharply: RBI")
Bank of America expects RBI to build $550-billion forex reserves
According to BofA, the 'conservative' level of forex reserves for the RBI works out to be $550 billion.
 "Bank of America expects RBI to build $550-billion forex reserves")
Wanted: Plain tales from the government
Hardly a month goes by without some prominent former member of the second rung of government - the first rung is the ministers - sallying forth in a quiet baritone
 "Wanted: Plain tales from the government")
RBI receives Rs 1.23-trn bid for Rs 25,000-cr long-term repo operations
In the auction for three-year maturity liquidity operations made last week, the RBI had received bids worth Rs 1.94 trillion for Rs 25,000 crore on offer.
Farm loan waivers must be targeted; amounts should be released quickly: Das
Such write-offs of loans affect the capability of farmers to access debt for the next season in time, the RBI governor added
 "Farm loan waivers must be targeted; amounts should be released quickly: Das")
Cash is king, digital is divine: RBI talks digitisation post demonetisation
Digital payments in the country have witnessed a growth (CAGR) of 61 per cent, it said
Banks facing slow credit offtake, flow to realty needs to improve: RBI Guv
Real estate developers, battling a prolonged slowdown in demand, are struggling to raise funds to construct or complete projects
Special-series bonds could be over 10% of FY21 gross borrowing target
Amount of debut issue and subsequent tranches will be finalised by FinMin, RBI in end-March
 "Special-series bonds could be over 10% of FY21 gross borrowing target")
RBI unveils 5-yr financial inclusion strategy: Here're key recommendations
Under the national strategy, the committee has recommended new entrants to the financial system - eligible and willing to undergo any livelihood/skill development programme
Sector-specific upticks far from gaining economy-wide traction: RBI MPC
India's economic growth is estimated to have slowed down to 11-year low of 5 per cent during the current financial year ending March 2020