Page 338 - Latest Updates on Reserve Bank of India
Jalan committee finalises report on RBI reserves; board meet on Aug 23
The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg
 "Jalan committee finalises report on RBI reserves; board meet on Aug 23")
Jalan panel may suggest transfer of RBI's surplus in tranches over 3-5 yrs
According to various estimates, the RBI has over Rs 9 trillion of surplus capital with it
 "Jalan panel may suggest transfer of RBI's surplus in tranches over 3-5 yrs")
Increased forced lending to NBFCs can land banks in trouble: Fitch report
NBFC disbursements have declined steeply as a result, with knock-on effects to other sectors, particularly consumption
 "Increased forced lending to NBFCs can land banks in trouble: Fitch report")
Top events of the day: Jalan panel meet on RBI framework, WPI data and more
From Delhi HC hearing on AgustaWestland case to June quarter results, Business Standard brings you top events of the day
 "Top events of the day: Jalan panel meet on RBI framework, WPI data and more")
RBI to come up with revised norms for housing finance companies
Moreover, it will also allow the RBI to directly give liquidity support to the stressed HFC sector
 "RBI to come up with revised norms for housing finance companies")
Jalan panel reviewing RBI's economic capital framework to meet on Wednesday
This will be the first meeting of the six-member expert committee since Subhash Chandra Garg was abruptly shifted from finance to power ministry last month
On-lending by NBFCs to 'needy' segments to be priority sector loans: RBI
Under the revised on-lending model, banks can classify only the fresh loans sanctioned by NBFCs out of bank borrowing
 "On-lending by NBFCs to 'needy' segments to be priority sector loans: RBI")
RBI unlikely to vote in favour of overseas sovereign bond in Aug 16 meet
The overseas sovereign bond issuance, therefore, will lead to 'feedback process' getting further entrenched in the domestic debt market, 'and this may weaken monetary policy transmission'
Reserve Bank bans NBFCs from charging loan foreclosure penalties
Foreclosure charges are part of the fee income for any lender and adds to its bottom line
Moving onshore
India needs modern tools to hedge currency risks
 "Moving onshore")
How to make the horse drink water
For ideal monetary transmission, we need two benchmarks - one for loans and another for deposits
 "How to make the horse drink water")
Crafting a fiscally neutral stimulus
With a slew of industries in the grip of a prolonged slump, a package of measures that will boost demand without burdening the exchequer is imperative
 "Crafting a fiscally neutral stimulus")
Rising price of gold boosts central bank's forex reserves coffers
The rising price of the precious metal has helped the central bank increase overall forex reserves despite currency reserves not rising
 "Rising price of gold boosts central bank's forex reserves coffers")
RBI's Usha Thorat panel for easier foreign play in currency market
The committee submitted its report to the RBI governor on Thursday
 "RBI's Usha Thorat panel for easier foreign play in currency market")
Indian consumer's pessimism hurdle for RBI bid to reverse economic slowdown
Consumption, which contributes nearly 60% to GDP, has been largely hurt by a shadow banking crisis
RBI may cut another 25 bps before Dec amid concerns over growth: Study
In the third bi-monthly monetary policy review, the central bank cut the repo rate for the fourth time in a row to 5.40 percent-- a nine-year low, and retained neutral stance going forward
Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia
Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further
 "Budget numbers indeed look challenging to achieve: DSP MF's Saurabh Bhatia")
In policy making, you have to take a call beyond numbers: Shaktikanta Das
Numbers are paramount, what our assessment of the incoming data is, and how we see the incoming data, Das said
 "In policy making, you have to take a call beyond numbers: Shaktikanta Das")
NBFCs to receive more liquidity support as RBI raises exposure limit
This has been done to increase the credit flow to certain sectors which contribute significantly to economic growth in terms of export and employment
 "NBFCs to receive more liquidity support as RBI raises exposure limit")
3 retail payment systems get on-tap authorization to encourage competition
According to the RBI, the move is aimed at diversification of risk and encourages innovation and competition
 "3 retail payment systems get on-tap authorization to encourage competition")