Page 324 - Latest Updates on Reserve Bank of India
RBI monetary policy: MPC should go for rate cut of 15 bps, says expert
MPC has room to pause, alongside other central banks, to consider future plans
 "RBI monetary policy: MPC should go for rate cut of 15 bps, says expert")
Experts see 25 bps rate cut by RBI in December, FY20 GDP forecast at 6%
Repo rate now stands at 5.15%, lowest in nine years. A sixth cut this year would mark the longest streak of consecutive rate cuts since the current interest rate framework was introduced 20 years ago
 "Experts see 25 bps rate cut by RBI in December, FY20 GDP forecast at 6%")
RBI likely to cut rate by 25-35 basis points: Deutsche Bank's Kaushik Das
Real GDP growth has averaged 4.8% YoY in 1HFY20, as against India's potential growth rate of about 6.5-7%
 "RBI likely to cut rate by 25-35 basis points: Deutsche Bank's Kaushik Das")
Brace up for the sixth rate cut in a row
In his toughest policy, Shaktikanta Das, who completes his first year at RBI this month, must reassure the market that the fiscal slippage is priced in
 "Brace up for the sixth rate cut in a row")
India's deepening economic slowdown opens the door for more rate cuts
The Reserve Bank of India will meet days after a report showed growth collapsed to 4.5 per cent in the July-September quarter, the first time it's been below 5 per cent since 2013
 "India's deepening economic slowdown opens the door for more rate cuts")
Q2 GDP, core sector data may push RBI to cut rates in December: economists
The GDP growth rate for Q2FY20 was in line with the market expectation at 4.5 per cent, says Deepthi Mary Mathew, economist, Geojit Financial Services
 "Q2 GDP, core sector data may push RBI to cut rates in December: economists")
RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT
DHFL, once one of India's top shadow lenders, owes its creditors - which include mutual funds, banks, pension funds, insurance firms and retail investors - close to Rs 1 trillion
 "RBI begins bankruptcy proceedings against DHFL, sends stressed NBFC to NCLT")
Crisis-hit Yes Bank poised to reveal crucial fund-raising details
Yes Bank Ltd. is expected to name the investors and the amount of money they will contribute after its board signs off on the plan at a meeting on Friday
 "Crisis-hit Yes Bank poised to reveal crucial fund-raising details")
MFI sector growth falters and defaults rise with Assam protests, slowdown
Natural calamities, over-lending and liquidity issues with NBFCs add to the sector's woes
 "MFI sector growth falters and defaults rise with Assam protests, slowdown")
Top 10 business headlines: ICICI consent plea, labour laws and more
From ICCI's consent plea in Videocon case to extension to 15th Finance Commission, here are the top business headlines of the day
 "Top 10 business headlines: ICICI consent plea, labour laws and more")
The Mudra problem
Directed lending always builds up bad loans in banks
 "The Mudra problem")
PMC scam: Court approves sale of two jets, yacht owned by HDIL's Wadhawans
Over 70% of the bank's advances went to HDIL group, which led to a huge crisis when the realty group defaulted on repayment
 "PMC scam: Court approves sale of two jets, yacht owned by HDIL's Wadhawans")
RBI to use social media platforms to demystify banking to youths
The focus is on "two-day communication" with the public which is anchored by "transparency, timeliness and credibility"
 "RBI to use social media platforms to demystify banking to youths")
RBI deputy guv M K Jain flags concerns over rising stress in Mudra loans
Banks need to focus on repayment capacity at the appraisal stage and "monitor the loans through the life cycle much more closely, said M K Jain
 "RBI deputy guv M K Jain flags concerns over rising stress in Mudra loans")
IL&FS was a Lehman-like moment
Now that the consequences of the collapse of IL&FS are before us, the question worth asking is: Was the decision to let IL&FS fail a policy blunder as the Lehman decision was?
 "IL&FS was a Lehman-like moment")
Will comply with govt's regulations of data localisation: Google Pay
The Reserve Bank of India (RBI) had asked payment companies to ensure that transaction's data are stored exclusively on local servers
 "Will comply with govt's regulations of data localisation: Google Pay")
DHFL pushes back release of Q2 results; new date to be announced later
"The administrator and the advisory committee will require some time to formulate the working modalities," DHFL stated
 "DHFL pushes back release of Q2 results; new date to be announced later")
India's economic growth to weaken in second half of FY20, says DBS Bank
New project announcements remain at a multi-year low, while production was depressed by weak consumer durables, non-durables, intermediate and capital goods, the bank pointed out.
 "India's economic growth to weaken in second half of FY20, says DBS Bank")
Rupee only emerging Asian currency to slide this qtr; losses to gather pace
The rupee dropped to 72.2425 per dollar earlier this month, a whisker away from a nine-month low of 72.4075 set in September.
 "Rupee only emerging Asian currency to slide this qtr; losses to gather pace")
RCEP offer 'was not as much as our aspirations', says FM Sitharaman
She also said that she held discussions with credit rating agencies on their methodology to assess risk
 "RCEP offer 'was not as much as our aspirations', says FM Sitharaman")