Page 325 - Latest Updates on Reserve Bank of India
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")
RBI mulls new rules on corporate governance; wants banks to 'disclose more'
Speaking to an audience comprising of all the top bankers, RBI deputy governor said the new guidelines will be put in public domain and the RBI will be seeking comments before finalising any rules
 "RBI mulls new rules on corporate governance; wants banks to 'disclose more'")
DPIIT received complaints of e-commerce firms offering discounts: Goyal
The Reserve Bank of India (RBI) administers the FEMA and Directorate of Enforcement is the authority for the enforcement of the act
 "DPIIT received complaints of e-commerce firms offering discounts: Goyal")
Top headlines: RBI constitutes panel for DHFL, more curbs on H1-B likely
Here are top headlines of the day
 "Top headlines: RBI constitutes panel for DHFL, more curbs on H1-B likely")
Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more
From Rs 2.5 trillion loan disbursement by PSUs to DHFL's audit report, Business Standard brings you the top business headlines for the day
 "Top biz headlines: Sony eyes stake in Network18, RBI's HR trouble, and more")
Achieving $5-trn GDP target simply out of question: Ex-RBI Guv Rangarajan
The economy has been on steady decline with growth rate slowing from 8.2 percent in FY16 to 6.8 percent FY19
 "Achieving $5-trn GDP target simply out of question: Ex-RBI Guv Rangarajan")
A test case
DHFL resolution will strain IBC, but is systemically vital
 "A test case")
Major wilful defaulters revealed: RBI finally discloses details under RTI
For over ten years, the RBI has denied RTI applicants this information arguing that it would be against the economic interests of the country
 "Major wilful defaulters revealed: RBI finally discloses details under RTI")
FATF notice against N Korea, Iran: Sebi informs capital market stakeholders
It has previously also issued such warnings for risks attached with Iran and North Korea, and the subsequent caution notices have been issued by Sebi and the Reserve Bank of India.
 "FATF notice against N Korea, Iran: Sebi informs capital market stakeholders")
Of 20 mn fishermen, Kisan credit cards given to 8,400 so far, says govt
However, not many cards could be distributed to fish farmers due to lack of awareness and delay in issuing RBI guidelines for implementation of this facility, sources said.
 "Of 20 mn fishermen, Kisan credit cards given to 8,400 so far, says govt")
Govt to take 6 months to divide J&K Bank assets, liabilities and ownership
With the new development, the Centre will automatically get the 60% share that the state of Jammu and Kashmir holds, but via the Union Territories
 "Govt to take 6 months to divide J&K Bank assets, liabilities and ownership")
Top Headlines: Wilful defaulters revealed, IOC may not bid for BPCL & more
Here are the top headlines of the day
 "Top Headlines: Wilful defaulters revealed, IOC may not bid for BPCL & more")
RBI slaps Rs 1.75-crore penalty on Indian Bank for non-compliance
The non-compliance included the opening of savings bank accounts of a co-operative society and non-adherence with directions on KYC
 "RBI slaps Rs 1.75-crore penalty on Indian Bank for non-compliance")
Invest abroad to beat market risks, but err on the side of caution
Brokerages, online platforms are making foraying into foreign equities easier
 "Invest abroad to beat market risks, but err on the side of caution")
Bank credit grew 8%, deposits 9.92% in fortnight ended Nov 6: RBI data
In the previous fortnight ended October 25, 2019, bank credit had grown by 8.90 per cent y-o-y to Rs 98.39 trillion
Ahead of bankruptcy process, RBI puts DHFL board under administrator
The announcement comes after the government last week empowered the RBI to refer stressed NBFCs and HFCs having assets worth of at least Rs 500 crore to insolvency court
 "Ahead of bankruptcy process, RBI puts DHFL board under administrator")
PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?
State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore
 "PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?")
Electoral bonds govt's instruments of 'opaque money laundering': Congress
"RTI reveals how 'electoral bonds' became instruments of anonymous donations bordering on opaque 'money laundering'," Surjewala said in a tweet.
 "Electoral bonds govt's instruments of 'opaque money laundering': Congress")
RBI discovers more than $450 million in extra bad loans at Yes Bank
Gross non-performing assets assessed by the Reserve Bank of India were $457 million higher than Yes Bank had disclosed as of March 31
 "RBI discovers more than $450 million in extra bad loans at Yes Bank")