Page 323 - Latest Updates on Reserve Bank of India
RBI probing HDFC Bank's net banking and mobile banking app outage
The bank's customers couldn't access these services from 10 am on Monday to early Wednesday morning. Many tweeted saying they could neither access their salaries nor make recurring payments
 "RBI probing HDFC Bank's net banking and mobile banking app outage")
RBI among 26 global central banks that have been on a rate cutting spree
With the RBI's rate-setting meeting over, the attention now turns to the US Federal Reserve's (US Fed's) two-day policy meet that begins on December 11
 "RBI among 26 global central banks that have been on a rate cutting spree")
To develop secondary market for corporate loans RBI to facilitate SRB
In India's context, corporate loans both standard and Non-Performing Assets (NPAs) have been transferred from banks to other lenders and Asset Reconstruction Companies (ARCs)
 "To develop secondary market for corporate loans RBI to facilitate SRB")
Cooperative banks with assets over Rs 500 cr to be under CRILC: RB
These measures are expected to strengthen the resilience and sustainability of UCBs and protect the interest of depositors, it said
 "Cooperative banks with assets over Rs 500 cr to be under CRILC: RB")
Corporate sentiment improving in early sign of economic recovery: SBI MD
The bank's PMI has crossed 50 points for the first time this month indicating that sentiment is positive
 "Corporate sentiment improving in early sign of economic recovery: SBI MD")
RBI proposes new prepaid card for digital transactions of up to Rs 10,000
PPIs have been playing an important role in promoting digital payments and bringing in the new PPI will further facilitate its usage, as per an RBI statement
 "RBI proposes new prepaid card for digital transactions of up to Rs 10,000")
Top 5 biz headlines: Repo rate unchanged, P2P lending limit raised & more
From RBI's surprise on repo rate to the Reserve Bank raising the lending limit of Peer-To-Peer platforms five-fold, Business Standard brings you the top headlines of the day
 "Top 5 biz headlines: Repo rate unchanged, P2P lending limit raised & more")
Key takeaways from RBI's monetary policy meet
GDP growth forecast for FY20 has been revised downwards from 6.1 per cent in the October policy to 5 per cent
 "Key takeaways from RBI's monetary policy meet")
Loan melas a short-term salve, may come back to bite NPA-hit banks
Banking and policy experts said government lending schemes had a track record of skimping on due diligence, leading to higher-than-normal levels of bad loans
 "Loan melas a short-term salve, may come back to bite NPA-hit banks")
With rate cuts not helping, here's an unconventional step that RBI can try
The central bank, which reviews policy on Thursday, should look to pull down long-term yields by selling short-tenor bonds and reinvesting in longer-term ones, said Suyash Choudhary
 "With rate cuts not helping, here's an unconventional step that RBI can try")
Statistical optimism: Structural issues, base quirks, and Indian economy
It may be hard to square data with the revival being forecast, but economic soothsayers may well be right when they predict 5.8% growth for Q2, 6.4% for Q3 and 7.2% for Q4, T N Ninan explains why
India didn't join RCEP as 'offer was not as much as our aspirations': FM
India's decision to not to join the mega deal was announced by Prime Minister Narendra Modi during his speech at the RCEP Summit in Bangkok early this month.
 "India didn't join RCEP as 'offer was not as much as our aspirations': FM")
Macquarie sees RBI posing after Friday's 25 bps rate cut
At 4.5 percent the September quarter GDP is the lowest since March 2013 quarter, when it was printed at 4.3 per cent
Explained: Why RBI's repo rate cuts are not enough to bolster GDP growth
Transmission of rate cuts by banks has been slow because any lowering of interest rate, with deposit rates unchanged, will reduce banks' net interest income spread, affecting their revenue
 "Explained: Why RBI's repo rate cuts are not enough to bolster GDP growth")
Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020
Note suggests liquidity support, govt guarantee for securities issued by SPVs
 "Govt may announce UPA-style bailout of stressed NBFCs in Budget 2020")
Low enough? Emerging central banks deliver more rate cuts to push growth
November marks the 10th straight month of net cuts - the longest easing cycle for emerging market central banks since 2013
 "Low enough? Emerging central banks deliver more rate cuts to push growth")
Flush with liquidity, RBI is quietly buying bonds from the open market
Till November 22, the central bank bought Rs 4,300 crore of bonds
 "Flush with liquidity, RBI is quietly buying bonds from the open market")
Only up to Rs 1 lakh of depositor money insured in banks: RBI subsidiary
The corporation covers all commercial banks, including branches of foreign banks functioning in India, local area banks and regional rural banks
HDFC Bank sees signs of rural revival as wider economy remains sluggish
For HDFC Bank, the weaker economy had led to a slowdown in loan growth, which eased to 15 per cent in the September quarter from 23 per cent a year earlier
 "HDFC Bank sees signs of rural revival as wider economy remains sluggish")
The monetary dilemma
Effectiveness of the policy needs to be questioned