Page 327 - Latest Updates on Reserve Bank of India
RBI may cut rates by 25 bps to push growth despite high inflation: BofA-ML
Analysts at foreign brokerage Bank of America Merrill Lynch said the RBI will cut rates by 0.25 per cent in December, and follow it up with a 0.15 per cent in February
 "RBI may cut rates by 25 bps to push growth despite high inflation: BofA-ML")
Cash in circulation rises, hindering Modi govt's digital economy push
Ratio of currency in circulation to GDP has risen to 11.23 per cent as of March 2019, putting question mark over demonetisation aim.
 "Cash in circulation rises, hindering Modi govt's digital economy push")
RBI may incentivise banks to lend more in credit-starved regions: M K Jain
For small and marginal farmers, institutional credit at reasonable costs can act as a catalyst and convert them into vibrant commercial farmers, Jain added
 "RBI may incentivise banks to lend more in credit-starved regions: M K Jain")
At 4.6% in Oct, retail inflation breaches RBI comfort level after 15 months
But core inflation, which excludes the volatile components of food and fuel, stood at 3.3 per cent in October; this is its lowest in eight years
 "At 4.6% in Oct, retail inflation breaches RBI comfort level after 15 months")
Onion prices are fueling inflation in India but RBI may still ignore it
While policy makers will assess the accompanying food-price data, it may not be compelling enough to hold their attention
 "Onion prices are fueling inflation in India but RBI may still ignore it")
NIIF Infrastructure Finance set for a tax dispute with I-T department
The company is seeking an exemption since 2015, while the I-T department has notified the fund only from April 1 this year
 "NIIF Infrastructure Finance set for a tax dispute with I-T department")
RBI plans PCA framework, different supervisory system for NBFCs by 2022
The RBI contemplates a return to an earlier supervisory rating framework for NBFCs, too, while ensuring financial statement disclosures here are on a par with banks
 "RBI plans PCA framework, different supervisory system for NBFCs by 2022")
Multiple regulators hurting bond market development: RBI official
The need for a robust bond market has increased, thanks to the stressed balance-sheets of banks, M Rajeshwar Rao, an executive director at the central bank, said.
RBI raises cap on borrowing from MFIs to Rs 1.25 lakh in rural areas
Similarly, the limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular
India's retail inflation may have breached RBI's comfort level of 4% in Oct
Prices of most vegetables climbed during the month as monsoon downpours delayed harvests and disrupted supplies.
 "India's retail inflation may have breached RBI's comfort level of 4% in Oct")
No transaction charge on NEFT payments from Jan 2020, RBI tells banks
Digital payments constituted a high 96% of total non-cash retail payments during the October 2018 to September 2019
 "No transaction charge on NEFT payments from Jan 2020, RBI tells banks")
Trump may not be able to secure a lasting US-China deal: Raghuram Rajan
A deal good enough to restore confidence in cross-border investment is not likely "in the next year or so, and could even require a new administration in the US," he added.
 "Trump may not be able to secure a lasting US-China deal: Raghuram Rajan")
Now, banks can directly buy gold from depositors for monetisation plan
With relaxation, one can also deposit with refiners and purity testing centres
 "Now, banks can directly buy gold from depositors for monetisation plan")
One-time restructuring should be allowed for some loans: HDFC chairman
Parekh said builders had erred in the past by over-leveraging and going on a land-buying spree.
 "One-time restructuring should be allowed for some loans: HDFC chairman")
Lack of ICA to hit PMC Bank's HDIL exposure
It is not clear as to where PMC Bank stands in the pecking order for recovery of its dues from HDIL, worth Rs 6,500 crore
 "Lack of ICA to hit PMC Bank's HDIL exposure")
New challenge to economy: Lenders not passing on rate cuts to customers
A decision to announce a fresh stimulus could be a tough one for the government, after its budget deficit topped 90% of its full-year goal
 "New challenge to economy: Lenders not passing on rate cuts to customers")
How recent snooping incident may affect the launch of WhatsApp Pay
An Israeli spyware was used to snoop of some 1,400 people globally, including 121 Indian citizens. Listen to the podcast to know how this incident might affect the launch of WhatsApp's payment service
 "How recent snooping incident may affect the launch of WhatsApp Pay")
Relief for PMC Bank depositors as RBI raises withdrawal limit to Rs 50,000
This marks the fourth revision in withdrawal limit by the RBI since the PMC Bank scam came to the fore
 "Relief for PMC Bank depositors as RBI raises withdrawal limit to Rs 50,000")
PNB reports net profit of Rs 507 crore in Q2; finances under stress
Provisioning related to bad loans went up to Rs 3,253 crore in Q2, up from Rs 2,147 crore in the previous quarter
 "PNB reports net profit of Rs 507 crore in Q2; finances under stress")
UPI system payments glitch: Sebi knocks on RBI-regulated NPCI's door
Several investors were irked for failing to get allotment in the hugely successful IRCTC issue
 "UPI system payments glitch: Sebi knocks on RBI-regulated NPCI's door")