Page 339 - Latest Updates on Reserve Bank of India
Govt looks at eliminating FDI security gaps through scrutiny measures
Foreign investment in strategic sectors main worry
 "Govt looks at eliminating FDI security gaps through scrutiny measures")
Repo rate at nine-year low after RBI announces first-ever cut of 35 bps
FY20 growth projection cut to 6.9%; RBI Governor Shaktikanta Das says slowdown cyclical
 "Repo rate at nine-year low after RBI announces first-ever cut of 35 bps")
Consumers turn gloomy about economic situation, employment: RBI survey
Perceptions on the general situation and employment softened, finds survey
 "Consumers turn gloomy about economic situation, employment: RBI survey")
24x7 fund transfers under NEFT from Dec 2019 to boost digital payments
RTGS is mostly used for transactions above Rs 2 lakh. The RBI added it will facilitate the creation of a central payment fraud registry for tracking payment system frauds
 "24x7 fund transfers under NEFT from Dec 2019 to boost digital payments")
Break with convention
There are limits to what monetary policy can achieve
 "Break with convention")
Mutual funds can be part of inter-creditor agreement, clarifies RBI
Reserve Bank of India underlines importance of looking at liabilities of stressed assets comprehensively
 "Mutual funds can be part of inter-creditor agreement, clarifies RBI")
Banks should pass on rate-cut benefits to spur investment, says India Inc
The Reserve Bank of India on Wednesday decided to reduce the repo rate by 35 bps to 5.40 per cent
 "Banks should pass on rate-cut benefits to spur investment, says India Inc")
Rate cuts to continue
Further rate cuts are contingent on the non-banking financial company sector recovery prospect
 "Rate cuts to continue")
Soon, transfer or receive money 24x7: RBI removes NEFT time limit from Dec
Last month, the banking regulator had scrapped the levy on online transactions such as NEFT to make the transfer of funds cheaper
 "Soon, transfer or receive money 24x7: RBI removes NEFT time limit from Dec")
SBI slashes benchmark lending rates by 15 bps after rate cut by RBI
The Reserve Bank of India cut interest rates for a fourth straight meeting in 2019
 "SBI slashes benchmark lending rates by 15 bps after rate cut by RBI")
Rate sensitive stocks trade mixed after RBI cuts repo rate by 35 bps
Nifty Auto, PSU Bank and Realty indices were trading red in the range of 0.13% to 1%, while Nifty Private Bank and Nifty Bank index up 0.67% and 0.37%, respectively, against an unchanged Nifty50.
 "Rate sensitive stocks trade mixed after RBI cuts repo rate by 35 bps")
We will not do business with certain groups: Axis Bank's Amitabh Chaudhry
He has since steered the bank on to a conservative path, eschewing needless risks. He's been candid enough to admit that the exposure to infrastructure sector in the past proved to be an Achilles heel
 "We will not do business with certain groups: Axis Bank's Amitabh Chaudhry")
Beyond the rate cut
RBI alone will not be able drive economic recovery
 "Beyond the rate cut")
RBI likely to cut policy rate by 25 bps amid concerns of economic slowdown
Lending rates did not move down much after the first two rate cuts of 2019
RBI monetary policy review: Signalling only via rate cuts is not enough
Past evidence has proven that transmission works best when there is positive banking system liquidity during rate cuts and tight liquidity during rate hikes
 "RBI monetary policy review: Signalling only via rate cuts is not enough")
Hobson's choice before the Reserve Bank...
... between a harder forward premium and a sharp decline in the domestic rates
RBI monetary policy poll: Majority see 25 bps cut, more can be in store
Of the 15 economists and market players who participated in the poll, two predicted a 50-basis point cut, while the rest anticipated a rate reduction by 25 bps
 "RBI monetary policy poll: Majority see 25 bps cut, more can be in store")
RBI fines Oriental Bank Rs 1.5 cr for delay in reporting KFA fraud
The aforesaid penalty is required to be paid within 14 days from the date of receipt of the RBI order
 "RBI fines Oriental Bank Rs 1.5 cr for delay in reporting KFA fraud")
Basic savings accounts in co-op banks should be made free, says RBI
The BSBD Account shall be considered a normal banking service available to all, RBI said
 "Basic savings accounts in co-op banks should be made free, says RBI")
RBI fines PNB Rs 50 lakh for delay in reporting Kingfisher Airlines fraud
In a separate filing, Bank of Baroda said the RBI has imposed a fine of Rs 50 lakh on it for delay in reporting fraud in an account
 "RBI fines PNB Rs 50 lakh for delay in reporting Kingfisher Airlines fraud")