Page 320 - Latest Updates on Reserve Bank of India
Housing prices in cities continue to moderate, says RBI report
On a year-on-year basis, a large variation was observed in HPI growth, with Kanpur recording the highest rise (18.3 per cent) and Delhi recording the maximum contraction (-2.6 per cent), said the RBI.
 "Housing prices in cities continue to moderate, says RBI report")
Steeply falling revenue risks fiscal parameters, could be a challenge: RBI
What is more pertinent is the divestment revenue. Of the Rs 1.05 lakh crore budgeted for the year, only 17 per cent have been achieved so far
 "Steeply falling revenue risks fiscal parameters, could be a challenge: RBI")
Report all exposures above Rs 5 crore: RBI directs large co-op banks
To start with, UCBs will be required to submit CRILC report on quarterly basis with effect from December 31, 2019
 "Report all exposures above Rs 5 crore: RBI directs large co-op banks")
Banks' gross NPA ratios may rise from 9.3% to 9.9% by Sept 2020: RBI
The foreign banks' gross bad loans may increase to 3.1 per cent from 2.9 per cent in September 2019
Improve corporate governance to lift economic efficiency: RBI to India Inc
Comments come at a time when many promoters of companies are under regulatory scanner
 "Improve corporate governance to lift economic efficiency: RBI to India Inc")
Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy
The meeting is also expected to take up discussion on non-performing asset recovery through both NCLT and non-NCLT means
 "Budget 2020: FM to meet heads of PSBs to discuss credit situation, economy")
Time running out for PSBs
Business is rapidly shifting to private banks
 "Time running out for PSBs")
RBI to again conduct special open-market operation on December 30
Analysts expect the central bank to cut repo even further
 "RBI to again conduct special open-market operation on December 30")
Bad loans taken over by ARCs rose 17.4% in 12 months ended June 2019
The amount they bought of such NPAs in the 12-month period was less, at Rs 57,506 cr, from the Rs 67,830 cr they acquired in the previous such one-year period
 "Bad loans taken over by ARCs rose 17.4% in 12 months ended June 2019")
Is IBC in ICU?
Senior judges need briefings on economy-wide consequences of their decisions
 "Is IBC in ICU?")
Credit growth, NPA reduction to depend on pace of economic revival: RBI
Credit to the commercial sector shrank by Rs 52,971 crore during April-September this calendar, or in the first half of 2019-20, from an expansion of Rs 3.66 trillion in the same period a year ago
Assess health of PSbs by their ability to raise resource from market: RBI
In 2017-18, the government had infused a capital of Rs 90,000 and another Rs 1,06,000 crore in 2018-19 into the PSBs, bolstering their capital position
Gross NPA ratio improves to 9.1% at Sept end from 11.2% y-o-y: RBI
Net non-performing assets (NPAs) of all commercial banks reduced to 3.7 per cent in FY19 as against 6 per cent in FY18.
RBI conducts first simultaneous OMO, buys more bonds than it sells
The central bank had planned to buy up to Rs 10,000 crore of 10-year bonds and sell up to Rs 10,000 crore of four short-term bonds
RBI allows IFSC banking units to open foreign currency current accounts
As per the existing norms, IFSC Banking Units (IBUs) were not allowed to open any current or savings accounts
RBI caps lending on P2P platforms at Rs 50 lakh to shield consumer interest
The lender investing more than Rs 10 lakh across P2P platforms will produce a certificate to P2P platforms from a practising Chartered Accountant certifying minimum net-worth of Rs 50 lakh
 "RBI caps lending on P2P platforms at Rs 50 lakh to shield consumer interest")
Number of debit cards fall by 15% to hit two-year low in 2019: RBI data
Banks have stopped issuing suo moto cards for dormant accounts and moved to chip-based cards, weeding out many accounts
 "Number of debit cards fall by 15% to hit two-year low in 2019: RBI data")
Rate cuts to 'operation twist', RBI governor is pushing policy boundaries
The policy easing cycle this year saw Das and his rate-setting panel deliver a rare 35 basis-point cut in August
RBI's 'Operation Twist' promise drags down long-term yields sharply
If the central bank made it a one-off exercise, then the yields should climb back, the bond dealers said
 "RBI's 'Operation Twist' promise drags down long-term yields sharply")
Fitch cuts India's GDP growth to 4.6% as credit crunch cripples economy
The rating agency sees moderate fiscal slippage, retains sovereign rating and outlook
 "Fitch cuts India's GDP growth to 4.6% as credit crunch cripples economy")