Page 332 - Latest Updates on Reserve Bank of India
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
 "Rising outstanding debt of states challenging, says Reserve Bank report")
August fiscal deficit hits 78.7% of FY20 target at Rs 5.5 trillion
Subdued revenues, corporation tax rate cuts may widen deficit
 "August fiscal deficit hits 78.7% of FY20 target at Rs 5.5 trillion")
The monetary conundrum
Decisions from here on will need to be more considered
 "The monetary conundrum")
Monetary policy: RBI to stay on course, says IDFC First Bank economist
With inflation remaining contained, RBI still has room for another 40 bps for Repo rate to go down
Core sector output worst in 52 months; MPC may cut rates to prop up growth
The core sector growth stood at 2.4 per cent during the first five months of the current financial year, lower than the 5.7 per cent a year ago
 "Core sector output worst in 52 months; MPC may cut rates to prop up growth")
Letter to BS: Reserve Bank of India needs to upgrade oversight capacity
It is high time the RBI tightened its audit and information gathering processes to ensure that its officers do a thorough job of supervising banks
 "Letter to BS: Reserve Bank of India needs to upgrade oversight capacity")
BS Fund Manager: Credit events unlikely to halt industry's growth story
Seven top executives discuss the road ahead for the fund industry, how they plan to restore investor confidence and woo millennials
 "BS Fund Manager: Credit events unlikely to halt industry's growth story")
Avoiding mistakes, betting on quality helped us do better: Anurag Mittal
While Mittal believes that time spent in market is a positive and can be helpful, there is no magic number of between 30 and 35 years at which to set a minimum threshold for experience, as per him
 "Avoiding mistakes, betting on quality helped us do better: Anurag Mittal")
RBI may not give extension to Romesh Sobti, Aditya Puri after terms end
Current RBI thinking is not to align pvt bank CEOs' age limit with Companies Act at 75 years
 "RBI may not give extension to Romesh Sobti, Aditya Puri after terms end")
RBI policy: Fiscal could add a twist to monetary easing, says economist
As the RBI has de-emphasised the concept of real policy rates, forecasting the terminal rate has become more difficult, says Samiran Chakrabarty
Are fixed-floating rates a sound option for retail home loan borrowers?
Two leading industry experts debate the merits and demerits of the new fixed-floating rate product that the SBI chairman proposed recently
 "Are fixed-floating rates a sound option for retail home loan borrowers?")
BS monetary policy poll: Majority see 25-bps rate cut in Oct 4 meet
Inflation to stay within 4% target, say economists
 "BS monetary policy poll: Majority see 25-bps rate cut in Oct 4 meet")
RBI's new norms can bring more efficiency in a bank's liquidity management
The framework is proposing that system liquidity should ideally be kept in deficit mode of 0.25-0.50 per cent of the deposit base
Forex reserves slid by $388 mn to $428.5 bn in the week ended Sept 20: RBI
The overall reserves had declined by $649 million to $428.960 billion in the previous reporting week
 "Forex reserves slid by $388 mn to $428.5 bn in the week ended Sept 20: RBI")
PMC Bank crisis: No need to get into this now, says FM Sitharaman
The government's intention is to have a stable environment, she said
 "PMC Bank crisis: No need to get into this now, says FM Sitharaman")
Govt might seek extension of ECB to boost NBFC credit in economy
May ask RBI for relaxed co-origination norms
 "Govt might seek extension of ECB to boost NBFC credit in economy")
Reserve Bank officers have Rs 105 crore fixed deposit in PMC Bank
The RBI has said the depositors of the PMC bank would not be allowed to withdraw more than Rs 1,000 from a savings account, current account, or any other deposit account for six months
 "Reserve Bank officers have Rs 105 crore fixed deposit in PMC Bank")
RBI hikes withdrawal cap to Rs 10,000 from Rs 1,000 for PMC Bank customers
The amount is the maximum one can withdraw in six months, and includes the Rs 1,000 withdrawal allowed earlier
 "RBI hikes withdrawal cap to Rs 10,000 from Rs 1,000 for PMC Bank customers")
FM to discuss external benchmarking of loans, MSME credit with pvt bankers
Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today