Page 315 - Latest Updates on Reserve Bank of India
Top 10 business headlines: Economic survey to be tabled in Parliament
From India Inc preparations for Brexit to Rahul Bajaj stepping down from executive role, Business Standard brings you the top 10 headlines for the day
 "Top 10 business headlines: Economic survey to be tabled in Parliament")
Banks looking to restructure major chunk of Rs 2-trn MSME loans by March
The MSME sector has been reeling from stress for quite some time
 "Banks looking to restructure major chunk of Rs 2-trn MSME loans by March")
RBI appoints ED Janak Raj as member of Monetary Policy Committee
The government had in 2016 constituted MPC to set the benchmark interest rate
 "RBI appoints ED Janak Raj as member of Monetary Policy Committee")
RBI slaps a fine of Rs one crore on HDFC Bank for KYC breach
RBI had issued show cause notice to bank as to why penalty should not be imposed for non-compliance
 "RBI slaps a fine of Rs one crore on HDFC Bank for KYC breach")
Regulatory transparency still a far cry from instilling public confidence
While RBI's recent move to make the minutes of its Central Board meeting public is welcome, regulators across sectors are generally loath to reveal cost-benefit analyses of their decisions
 "Regulatory transparency still a far cry from instilling public confidence")
Rising forex reserves
Large inflows can increase policy challenges
 "Rising forex reserves")
Bankers get shield from fraud heat; boards of PSBs to be held accountable
Measures to protect prudent commercial decisions of PSB brass
 "Bankers get shield from fraud heat; boards of PSBs to be held accountable")
More than just capital: Banks' housekeeping woes set to increase
The solution offered by the central bank is to kick start the capex cycle.
 "More than just capital: Banks' housekeeping woes set to increase")
With tweaks, June 7 circular will fly
The RBI is yet to come out with the reference date for loan accounts less than Rs 1,500 crore
Letter to BS: Are we heading towards achche din or a poor show?
Why not wisely fix some realistic targets while preparing the Union Budget?
 "Letter to BS: Are we heading towards achche din or a poor show?")
Saraswat, Cosmos to seek RBI approval for universal banking licences
The two leading urban co-operative banks (UCBs) - with over 100 years of history each - will be the first to seek the central bank's nod after the revisit of regulations pertaining to the sector
 "Saraswat, Cosmos to seek RBI approval for universal banking licences")
Is it time to revisit the Budget 2000 promise?
Since Yashwant Sinha emphasised on reducing the government's stake in public sector banks, things have only worsened
 "Is it time to revisit the Budget 2000 promise?")
RBI nod to Jalan panel's ECF proposal led to Rs 1-trillion boost for govt
The framework outlines the methodology for determining the level of risk buffers that the RBI has to maintain
 "RBI nod to Jalan panel's ECF proposal led to Rs 1-trillion boost for govt")
RBI Guv calls for structural reforms and fiscal measures to boost growth
The RBI cut rates by 135 basis points last year even as growth fell to a 10-year low in the second half of the fiscal year.
 "RBI Guv calls for structural reforms and fiscal measures to boost growth")
Budget 2020: Commerce department seeks funds to boost export finance
Under the enhanced Trade Infrastructure for Exports Scheme, the ministry has been promised an allocation of around Rs 50 crore, same as it got last year
 "Budget 2020: Commerce department seeks funds to boost export finance")
How non-tax revenue brought some comfort for govt in difficult times
The Budget estimated Rs 1.06 trillion to come from dividends from RBI, public sector banks and financial institutions in the current financial year
 "How non-tax revenue brought some comfort for govt in difficult times")
MANI app: Could be useful for visually-impaired persons if flaws are fixed
The app recognises new currency notes accurately when placed in front of the phone's camera and speaks the denomination out loud, but it struggles with the old notes
 "MANI app: Could be useful for visually-impaired persons if flaws are fixed")
Govt seeks Rs 10,000-cr interim dividend from RBI to fix fiscal gap
This is 3rd consecutive year when the Centre has made the demand
Banking consortium declares Rs 14,000-cr ABG Shipyard loan 'fraud' account
With the account being declared 'fraud', banks are not expected to make additional provisioning; it has been already classified a non-performing asset
 "Banking consortium declares Rs 14,000-cr ABG Shipyard loan 'fraud' account")
Banks continue to see drop in small study loans, but high-value ones rise
Experts also mentioned that the data suggests that the poorer sections of society could be borrowing less due to their weak ability to service loans
 "Banks continue to see drop in small study loans, but high-value ones rise")