Page 336 - Latest Updates on Reserve Bank of India
RBI says bank frauds rose 15% in 2018-19, pegs amount at Rs 71,543 cr
The average time gap in the date of occurrence of fraud and its detection was 22 months, the RBI said in its annual report
 "RBI says bank frauds rose 15% in 2018-19, pegs amount at Rs 71,543 cr")
RBI to soon issue new salary norms for private, foreign bank heads
To align the current regulatory framework with global best practices, the RBI said, it will also issue the draft guidelines on corporate governance at banks
 "RBI to soon issue new salary norms for private, foreign bank heads")
RBI dividend may drop next year
Central bank may done away with provisioning requirements, to enable higher transfer of surplus in the 2017-18 fiscal, analysts say
 "RBI dividend may drop next year")
Stimulus for borrowers
The inherent belief of the powers-that-be appears to be that a new home loan is the only way to provide a fillip to economic activity
 "Stimulus for borrowers")
Letters to BS: Surplus transfer should not be seen as a windfall gain
The amount should not be wasted to run moribund public sector entities such as Air India
 "Letters to BS: Surplus transfer should not be seen as a windfall gain")
Rally in bond markets lasted just hours after analysts decoded RBI bonanza
Yields on the benchmark 10-year note ended five basis points higher at 6.53% on Tuesday
 "Rally in bond markets lasted just hours after analysts decoded RBI bonanza")
Das' capital: Whose money is it anyway?
As a result of this transfer, the RBI's ability to help a set of collapsing banks has come down and the govt's ability to pay its creditors has gone up
 "Das' capital: Whose money is it anyway?")
Analysts rule out big-bang stimulus spend by govt despite RBI windfall
Analysts say lacklustre tax collections and weak growth which is threatening the fiscal deficit target of 3.3 per cent of GDP are some of the reasons that will limit the government's spending power
 "Analysts rule out big-bang stimulus spend by govt despite RBI windfall")
Booster dose: Govt's package for realty sector, exports likely this week
The real estate industry, which has been in the doldrums for almost four years now, has been demanding regulatory and tax changes to shore up the demand and liquidity
 "Booster dose: Govt's package for realty sector, exports likely this week")
No windfall
The govt's focus should be on wise use of RBI's one-time bonus
RBI to move to April-March accounting yr, restrict interim dividend payout
The central board of the RBI, which met on Monday, has accepted this recommendation, according to an official
 "RBI to move to April-March accounting yr, restrict interim dividend payout")
RBI's fund transfer eases Centre's gross tax revenue growth target to 16%
The RBI's transfers would effectively add Rs 58,000 crore to the Centre's kitty in the current fiscal year
 "RBI's fund transfer eases Centre's gross tax revenue growth target to 16%")
RBI transfer: FM protests Rahul's 'band aid for gunshot wound' barb
Rahul Gandhi accuses Centre of stealing from central bank, FM hits back
 "RBI transfer: FM protests Rahul's 'band aid for gunshot wound' barb")
RBI finalises regulatory sandbox framework for innovation in fintech firms
If a fintech firm requires interface with a core banking system for example, a real-time and scaleable model of it will be made available
RBI's bonanza to give govt ammunition to fight slowdown, boost capex
This comes at a time when the economic growth rate has slumped to a five-year low after accelerating in the first few years of Modi 1.0 regime
 "RBI's bonanza to give govt ammunition to fight slowdown, boost capex")
Question for Modi govt: How to use $ 24 billion windfall from RBI?
The Finance Ministry is keen to use the transfer to cut its budgeted borrowings, though it's yet to make a final decision on how to spend the amount
RBI's bonanza is an umbrella to a govt that denied existence of clouds
The central bank is coming to its rescue, and without running any immediate risk of exposure to its own credibility
After nearly 8 decades, RBI to change its accounting year to April-March
The RBI, which currently follows July-June calendar, usually transfers dividend after closing its accounts in August
 "After nearly 8 decades, RBI to change its accounting year to April-March")
Linking lending and repo rates may eat into bank's profitability
Current situation may not allow banks to significantly tinker with deposit rates making it tough to fully pass on the fall in repo rate
 "Linking lending and repo rates may eat into bank's profitability")
Caught between the devil & the deep blue sea
Why banks continued to give money to Kingfisher Airlines is still shrouded in mystery; too many questions remain unanswered
 "Caught between the devil & the deep blue sea")