Page 341 - Latest Updates on Reserve Bank of India
Viral Acharya ends his RBI stint with a sense of unfinished business
Acharya's boss at the central bank, Shaktikanta Das, says a continuous and prolonged dependence on the government's capital infusion into banks can breed inefficiency
 "Viral Acharya ends his RBI stint with a sense of unfinished business")
Promoters may be told to simplify group structures, remove multiple layers
RBI likely to ask core investment firms to merge; Birla group takes the cue
 "Promoters may be told to simplify group structures, remove multiple layers")
MF funding to NBFCs falls to 18-month low of Rs 86,779 crore in June
Experts said while market perception on NBFCs remains weak, new valuation norms for liquid schemes have also contributed to the fall in MF funding
 "MF funding to NBFCs falls to 18-month low of Rs 86,779 crore in June")
Jalan panel proposes 'nominal' transfer of RBI funds to govt over 3-5 years
The committee has recommended a periodic review of the RBI's economic capital framework, according to a source
 "Jalan panel proposes 'nominal' transfer of RBI funds to govt over 3-5 years")
RBI slaps Rs 7-crore penalty on SBI for violating various regulatory norms
This is one of the highest penalty amounts on any bank in the recent past
 "RBI slaps Rs 7-crore penalty on SBI for violating various regulatory norms")
RBI to come up with mobile app to identify currency for visually impaired
The proposed mobile app would be able to identify the denomination of notes of Mahatma Gandhi Series and Mahatma Gandhi (New) series
 "RBI to come up with mobile app to identify currency for visually impaired")
Reserve Bank working group recommends extension of market hours
Presently, the markets close at 5 pm
 "Reserve Bank working group recommends extension of market hours")
Large exposures framework: Basel committee lauds RBI on strict rules
In India, the LEF applies to all banks, apart from the regional rural banks
RBI Governor to meet private bank CEOs on credit, liquidity concerns
Transmission of interest rates, sectoral concerns to figure in talks end-July
 "RBI Governor to meet private bank CEOs on credit, liquidity concerns")
Nirmala Sitharaman to address post-budget RBI board meet on Monday
The Finance Minister would apprise the board of various other announcements made in the Budget to spur growth
 "Nirmala Sitharaman to address post-budget RBI board meet on Monday")
Budget 2019: India gives Reserve Bank more power to regulate NBFCs
The decision follows concerns that a broader financial crisis may emerge as firms like Dewan Housing Finance Corp. and Anil Ambani's Reliance Capital Ltd. struggle to find fresh funding
Contrary to bond traders' expectations, RBI is trying to remove cash
The Reserve Bank of India will hold a reverse repo auction of Rs 250 billion of 63-day duration on today
Why it's sunset time for bilateral wage talks for state-run banks
What's dawning on all concerned is there is simply no way that state-run banks can dole out equal hikes to their staffers as has been the practice through the decades
 "Why it's sunset time for bilateral wage talks for state-run banks")
Letter to BS: Present level of RBI's share capital and reserves is not huge
Interference by finance ministry in the working of Reserve Bank of India is glaring
 "Letter to BS: Present level of RBI's share capital and reserves is not huge")
N S Vishwanathan gets extension by one year as RBI deputy governor
Shwanathan is known to be one of the key architects behind the revised norms
 "N S Vishwanathan gets extension by one year as RBI deputy governor")
N S Vishwanathan re-appointed deputy governor of RBI for one year
His existing tenure was to end Wednesday, July 3.
ICICI Bank cuts lending rates by 10 bps weeks after slashing deposit rates
The one-year MCLR, to which a majority of loans like residential mortgages and auto loans are tied, now stands at 8.65%
 "ICICI Bank cuts lending rates by 10 bps weeks after slashing deposit rates")
Reforming small savings
Interest rates should be linked to market outcomes
 "Reforming small savings")
RBI will use its data to refine forecasting models: Shaktikanta Das
The central bank receives data from banks, various other financial companies, as well as from the markets, says RBI Governor
 "RBI will use its data to refine forecasting models: Shaktikanta Das")
RBI sets average base rate of 9.18% for NBFC-MFI borrowers for July quarter
RBI sets the average base rate for NBFC-MFIs on the basis of average of base rate of the five largest commercial banks