Page 340 - Latest Updates on Reserve Bank of India
RBI to issue cash management bills of Rs 25,000 crore on August 6
These bills are issued on behalf of the government to meet the short-term cash needs of the centre
 "RBI to issue cash management bills of Rs 25,000 crore on August 6")
Seven public sector banks fined over violation of RBI's guidelines
Banks fined on July 31 were Allahabad Bank, Bank of Maharashtra, Bank of Baroda, Bank of India, Indian Overseas Bank, Union Bank of India, and Oriental Bank of Commerce
 "Seven public sector banks fined over violation of RBI's guidelines")
RBI tightens fit-and-proper criteria for directors on PSB boards
While the revised norms are applicable only to public sector banks, separate guidelines for private banks and non-banking financial companies may be in the offing
 "RBI tightens fit-and-proper criteria for directors on PSB boards")
RBI Governor asks private banks to pass on rate cut benefits faster
RBI is widely expected to go in for a 50 basis points rate cut at its review next week
 "RBI Governor asks private banks to pass on rate cut benefits faster")
Subir Gokarn, a sharp macroeconomist and a wonderful human being
Subir was an outstanding macroeconomist who brought a keen sense of the market to bear on RBI policies
 "Subir Gokarn, a sharp macroeconomist and a wonderful human being")
RBI allows Bank of China to offer regular banking services in India
In another notification, the RBI said 'Jana Small Finance Bank Limited' too has been included in the Second Schedule
 "RBI allows Bank of China to offer regular banking services in India")
HC seeks RBI, govt stand on private equities seeking assured returns
The public interest litigation was filed by a Kolkata-based lawyer, Sanjib Kumar Dan, and was last heard on July 15 when the Centre's reply was sought
 "HC seeks RBI, govt stand on private equities seeking assured returns")
Why keep changing features of currency notes, coins, Bombay HC asks RBI
The court added that no other country in the world keeps changing size and features of their currency notes so often
Govt invites applications for new RBI deputy governor after Acharya's exit
The position fell vacant after Viral Acharya resigned six months before the scheduled end of his term
Piling foreign debt
New ECB norms can make India more vulnerable to external shocks
 "Piling foreign debt")
Fiscal deficit hawk with a sense of humour: Subir Gokarn dies at 60
Gokarn was the first Indian central banker who regularised warnings to the government, through the monetary policy statement, on the need to reduce fiscal deficit
RBI relaxes external commercial borrowing norms for corporates, NBFCs
ECBs with a minimum average maturity period of 10 years can now be used for working capital purposes and general corporate purposes
 "RBI relaxes external commercial borrowing norms for corporates, NBFCs")
RBI to discuss sovereign bonds on Aug 16 amid risks flagged by economists
The Reserve Bank of India's board will meet on August 16 to discuss, among others, the nation's proposed maiden offshore bond sale plan
Deposit rate cuts at private banks likely to lag State Bank of India
Having cut rates, they may use this to strategically raise more term-liabilities
 "Deposit rate cuts at private banks likely to lag State Bank of India")
RBI report on development of secondary market for corporate loans in Aug
The secondary loan market in India is largely restricted to sale to asset reconstruction companies and ad hoc sale to other lenders including banks
Didn't sign Jalan panel report because it's not final: SC Garg
SC Garg says his decision to seek voluntary retirement was made before he was moved as finance secretary and made the new power secretary.
 "Didn't sign Jalan panel report because it's not final: SC Garg")
Subhash Chandra Garg's exit: Jalan panel seeks RBI's views on ECF report
Subhash Chandra Garg had refused to sign on the report finalised by the former Reserve Bank of India (RBI) governor Bimal Jalan-led committee
RBI set to cut interest rate in August for the fourth time in a row: Report
They are going to cut rates in August and again later, mainly due to low growth and weak inflation, said an economist
 "RBI set to cut interest rate in August for the fourth time in a row: Report")
RBI adopts framework to strengthen trust of citizens and other institutions
The mission of the framework, named Utkarsh 2022, would be to "promote the economic and financial well-being of the people of India
Sovereign bond yields to consolidate ahead of monetary policy review: DBS
The Reserve Bank's next policy review meet is scheduled to be held from August 5th to 7th
 "Sovereign bond yields to consolidate ahead of monetary policy review: DBS")