Page 317 - Latest Updates on Reserve Bank of India
Insurers to pay penal interest for delay in settling health claims
The regulator on Monday issued an exposure draft on guidelines on standardisation of general clauses in health insurance policies contracts
 "Insurers to pay penal interest for delay in settling health claims")
Market sees RBI pausing rates for long as retail inflation hits 7.35%
Experts rule out rate cut till April, saying it'll take time for vegetable prices to fall
 "Market sees RBI pausing rates for long as retail inflation hits 7.35%")
Reserve Bank of India buys net $6.93 bn in currency market in November
The Reserve Bank of India (RBI) bought $7.46 billion and sold $530 million in the market in November, it said in the bulletin which was released on Saturday
 "Reserve Bank of India buys net $6.93 bn in currency market in November")
Worry about the trend, not the cycle
Our institutional capacity to support trend growth has not stayed the pace
 "Worry about the trend, not the cycle")
FinMin may use more cash management bills in FY21 to meet debt obligations
Though the Union Budget 2020 will decide the fiscal deficit for the next financial year, it is now almost certain that the current fiscal deficit of 3.3 per cent may be unattainable
 "FinMin may use more cash management bills in FY21 to meet debt obligations")
RBI releases national strategy for financial inclusion for 5-year period
The financial inclusion is increasingly is a key driver of growth and poverty alleviation world over
 "RBI releases national strategy for financial inclusion for 5-year period")
RBI approves Aadhaar-based video authentication as alternative to e-KYC
Video KYC will have to be verified through Aadhaar
 "RBI approves Aadhaar-based video authentication as alternative to e-KYC")
Top headlines: PM meets economists, Maruti Suzuki under CCI radar, and more
India Ratings and Research on Thursday said that the country will have to increase its labour productivity growth to 6.3 per cent to attain 8 per cent economic growth
 "Top headlines: PM meets economists, Maruti Suzuki under CCI radar, and more")
Tools to detect frauds have to be far superior, says Infrasoft Tech CEO
Assessment of frauds have taken a shorter time because banks have the systems in place, says Rajesh Mirjankar
 "Tools to detect frauds have to be far superior, says Infrasoft Tech CEO")
Banks staring at 20% more provisioning for Rs 2.2-trillion debt
Bankers said they are looking outside the bankruptcy courts and will be able to resolve a few debts in the power sector before January-end
 "Banks staring at 20% more provisioning for Rs 2.2-trillion debt")
In a first, RBI plans to put weak private lenders under the hammer
The banking regulator is seeking an early exit mechanism for private banks under PCA
 "In a first, RBI plans to put weak private lenders under the hammer")
RBI buys and sells bonds worth Rs 10,000 cr in third open market operation
Long-term bond yields have come down by 20 bps since first OMO last month
RBI buys three long-term securities worth Rs 10,000 crore in third OMO
Offers to purchase three securities, including 10-year benchmark govt bond
Advance estimates of GDP to be released today, may not be closer to reality
The Reserve Bank of India has already cut its earlier projections and now projected the growth to be 5 per cent for the year
 "Advance estimates of GDP to be released today, may not be closer to reality")
RBI's relaxation for banks to lend Rs 3.5 trillion extra set to end
The headroom will not be available in FY21, unless public sector banks are adequately recapitalised
 "RBI's relaxation for banks to lend Rs 3.5 trillion extra set to end")
RBI revises PCA regime for urban co-operative banks facing financial stress
Regulator may place restriction on declaration or payment of dividend/donation without prior approval of RBI
RBI allows banks to offer foreign exchange quotes to users at all times
The central bank has accepted the recommendation
 "RBI allows banks to offer foreign exchange quotes to users at all times")
Shivalik Mercantile receives approval to become Small Finance Bank
The RBI had come with a scheme on voluntary transition of UCBs into Small Finance Bank (SFB) on September 27, 2018. But there was no taker
 "Shivalik Mercantile receives approval to become Small Finance Bank")
Five banking trends for the new year
This could be a year of higher NPAs, more recovery, relatively stronger bank balance sheets, low credit growth and better-managed cooperative banks
 "Five banking trends for the new year")
Claims worth Rs 4,800 cr admitted from fixed deposit holders of DHFL
Following an NCLT order dated December 3, Subramaniakumar, through a public notice, had asked all the creditors including fixed depositors to submit their claims by December 17