Page 331 - Latest Updates on Reserve Bank of India
IPO filings down 45% until September as weakness in market takes toll
13 filings made with Sebi until Sept; figure stood at 24 last year
 "IPO filings down 45% until September as weakness in market takes toll")
RBI to provide liquidity support to banks for smooth NEFT transactions
RBI will extend the collateralised liquidity support on NEFT, which is currently available till 7.45 pm on working days, round the clock.
 "RBI to provide liquidity support to banks for smooth NEFT transactions")
Shortfall due to corporate tax cut can be made up by other sources: Das
The RBI will not allow any cooperative bank to collapse, said Das
 "Shortfall due to corporate tax cut can be made up by other sources: Das")
RBI rate cut to boost housing demand in festive season: Experts
The move would go some way in improving consumer sentiment in the festive season, which is a crucial period for real estate sales, Puri added.
 "RBI rate cut to boost housing demand in festive season: Experts")
RBI rate cut will spur economic growth, boost consumption: India Inc
Industry's reaction came as the central bank slashed its benchmark lending rate by 0.25 percentage points to 5.15 per cent.
 "RBI rate cut will spur economic growth, boost consumption: India Inc")
RBI relaxes ban for those looking to buy stake of foreign firms in India
Indian companies cannot set up their subsidiaries through their foreign wholly-owned subsidiaries or joint ventures
 "RBI relaxes ban for those looking to buy stake of foreign firms in India")
RBI monetary policy: Here's what experts say about the latest rate cut
The six-member Monetary Policy Committee (MPC) cut the repo rate by 25 basis points to 5.15 per cent
 "RBI monetary policy: Here's what experts say about the latest rate cut")
RBI increases lending limit of MFIs to Rs 1.25 lakh from Rs 1 lakh
The income and loan limits to classify an exposure as an eligible asset were last revised in 2015
RBI policy: A cut in rate was expected; a cut in GDP growth target was not
The cut in GDP projection for FY20 is curious because it is also an admission that these 135 bps cuts in interest rates will not have a major impact on growth this year
 "RBI policy: A cut in rate was expected; a cut in GDP growth target was not")
Services activity falls to 48.7 in Sep; second contraction this year: PMI
India's economy has been hobbled by a demand slump, prompting policymakers to step up fiscal and monetary stimulus to revive growth
 "Services activity falls to 48.7 in Sep; second contraction this year: PMI")
Loan 'mela' comes at a time when red lights are flashing in RBI's FSR
The idea behind the mela is that it will revive demand in a sluggish economy
 "Loan 'mela' comes at a time when red lights are flashing in RBI's FSR")
Tycoon in trouble: How Sarang Wadhawan's house of cards at HDIL fell apart
Poor cash collections were at the centre of HDIL's problems, said analysts
 "Tycoon in trouble: How Sarang Wadhawan's house of cards at HDIL fell apart")
Investments on hold: Number of new projects halved over last one year
Companies launch new projects when their existing capacity for production is likely to be breached
 "Investments on hold: Number of new projects halved over last one year")
Monetary policy review: Another rate cut may not help Indian economy
The larger problem here is that government finances are already in a hole; that would be a problem even if the tax cut were the best-designed in history
RBI's June 7 circular raises NPA woes for merging public sector banks
Fear delay in execution of resolution plans during transition will lead to fresh provisioning
What is the way forward for UCBs now? Step back and revisit RBI suggestions
The R Gandhi (former deputy governor of the RBI) Committee's report on UCBs (2015) was prescient, in particular, for the need to set up a board of management (BoM) in UCBs
 "What is the way forward for UCBs now? Step back and revisit RBI suggestions")
LVB independent director resigns after RBI action, cites personal reasons
The resignation has come days after RBI initiated prompt corrective action against the private sector lender on September 28
 "LVB independent director resigns after RBI action, cites personal reasons")
Equitas appoints JM Financial, Edelweiss, and IIFL for IPO of SFB unit
The firm is targeting an issue size of Rs 1,500-2,000 crore and may file its offer document with markets regulator Securities and Exchange Board of India (Sebi) in a few weeks
 "Equitas appoints JM Financial, Edelweiss, and IIFL for IPO of SFB unit")
Indiabulls Housing Finance shares fall 34% on concerns over LVB merger
The RBI placing Lakshmi Vilas Bank under PCA framework amidst the proposed merger, and litigation against the housing financier are perceived negatively by investors
 "Indiabulls Housing Finance shares fall 34% on concerns over LVB merger")
Rising outstanding debt of states challenging, says Reserve Bank report
For 2019-20, states have budgeted a consolidated GFD of 2.6% of the GDP