Page 337 - Latest Updates on Reserve Bank of India
Business energy to power India to become $5-trillion economy: RBI Governor
The RBI chief said the slight slowdown in the last quarter was a temporary one and the economy is likely to end the fiscal with higher growth rate of close to 7 per cent
 "Business energy to power India to become $5-trillion economy: RBI Governor")
How to manage the offshore rupee market
There are price linkages between the offshore and onshore markets. During the depreciation of the rupee in 2013, the offshore market disrupted the domestic market for forex
 "How to manage the offshore rupee market")
RBI to soon take steps to boost bond trading: FM Nirmala Sitharaman
In order to improve access to long-term finance, the government would be setting up an organisation to provide credit enhancement for infrastructure and housing projects
 "RBI to soon take steps to boost bond trading: FM Nirmala Sitharaman")
Now, you can allow up to Rs 2,000 of recurring payments via digital wallets
RBI has permitted processing of e-mandate on credit and debit cards, besides prepaid payment instruments, including wallets like Paytm, PhonePe and Amazon Pay for recurring payments of up to Rs 2,000
 "Now, you can allow up to Rs 2,000 of recurring payments via digital wallets")
Why this may be time to thoroughly redesign Indian banking system
Lately, India's banking system has been beset by a bad debt crisis, which is crimping credit to productive sectors, dampening domestic investment and leading to subdued employment and GDP growth
 "Why this may be time to thoroughly redesign Indian banking system")
Pro-growth RBI minutes to cap yields; boost hopes of further policy easing
The RBI on August 7 had reduced the benchmark lending rate by 35 basis points to 5.40 per cent amid concerns over slowdown in economy
 "Pro-growth RBI minutes to cap yields; boost hopes of further policy easing")
RTGS system to open at 7 AM from August 26 as RBI extends operating hours
At present, the Real Time Gross Settlement (RTGS) System is available for customer transactions from 0800 hours to 1800 hours
 "RTGS system to open at 7 AM from August 26 as RBI extends operating hours")
Banks may seek consent before allowing transfer of funds to your account
The move is a follow-up to instances of illicit deposits - after demonetisaton - in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana
 "Banks may seek consent before allowing transfer of funds to your account")
RBI to issue new guidelines on salaries of private, foreign bank executives
The new circular also provides for 75% consent by value for a resolution plan to be passed
Link bulk deposits to repo for better transmission of interest rates: SBI
Reserve Bank of India Governor Shaktikanta Das has stressed the need for the entire banking system to link their loans and deposits pricing to the repo rate prescribed by the central bank
 "Link bulk deposits to repo for better transmission of interest rates: SBI")
RBI asks banks to resolve stressed assets on time to extract best value
RBI issued the new NPA recognition and resolution guidelines on June 7 after the Supreme Court had in April declared the earlier one issued on February 12, 2018 as ultra vires
 "RBI asks banks to resolve stressed assets on time to extract best value")
Visa talks tough on govt's move towards no-fee debit card transaction
Visa critical of India's move towards no-fee debit card transactions
 "Visa talks tough on govt's move towards no-fee debit card transaction")
Time to formally link rates to repo, says RBI Governor Shaktikanta Das
Shaktikanta Das likely to initiate required steps in coming weeks
After SBI, RBI Guv says all banks should link loans, deposits to repo rate
Calling for radical corporate governance reforms at state-run banks, Das said their real test would be their ability to access capital from the markets rather than depending on the govt
 "After SBI, RBI Guv says all banks should link loans, deposits to repo rate")
Removing Article 370 correct; economy needs correction: Subramanian Swamy
The Rajya Sabha MP said that the 'wrong policies' adopted during former finance minister Arun Jaitley's tenure were responsible for the economy slowing down
 "Removing Article 370 correct; economy needs correction: Subramanian Swamy")
Highway road map: Bidder selection criteria for BOT projects may ease
The revision or tweaking of documents for BOT becomes essential in the current scenario as the government moves the focus away from the HAM model
 "Highway road map: Bidder selection criteria for BOT projects may ease")
RBI keeps retail inflation within target level for over 12 months
CPI-based inflation for first half of the next fiscal, beginning April 2020, has been projected at 3.6 per cent
 "RBI keeps retail inflation within target level for over 12 months")
RBI may cut interest rates by 40 bps before end of FY20: Fitch Solutions
RBI has cut interest rates four times this year
 "RBI may cut interest rates by 40 bps before end of FY20: Fitch Solutions")
ANZ Banking Group slashes India's GDP growth forecast to 6.2% in 2019-20
The forecasts all badly lag the government's longer-term target of getting the economy humming at rates above 8%
 "ANZ Banking Group slashes India's GDP growth forecast to 6.2% in 2019-20")
Should borrowers opt for an RLLR-based home loan over an MCLR-linked one?
A reduction in MCLR is good news for home loan borrowers
 "Should borrowers opt for an RLLR-based home loan over an MCLR-linked one?")