Page 342 - Latest Updates on Reserve Bank of India

Payment data has to be stored in India, says RBI in clarification

Global payment firms have expressed concerns about the RBI's April directive and the issue is believed to have been on the agenda of US Secretary of State Mike Pompeo's visit

Payments data must be stored in systems located in India, says RBI

The clarification has come a week after the government said the RBI would examine concerns around its strict data-localisation guidelines

RBI panel report suggests big role for NBFCs in developing MSME sector

However, if more NBFCs are allowed in the factoring platform, MSMEs will immediately witness ready buyers, and their debtor delay and working capital cycle will improve vastly

To ensure autonomy, RBI union moots collegium for selection of governors

As per the Section 8 of the Reserve Bank of India Act of 1934, the governor and deputy governors are appointed by the government

RBI scraps charges for RTGS and NEFT transactions

Whither central bank independence

The signal from the RBI governor is that the balance will tilt in favour of the inter-dependence of policies and implicit coordination with the government

Role of central bank is important, crisis or no crisis

Unconventional monetary policy measures undertaken by the central banks during the crisis period worked mainly through the confidence and signaling channels, says Governor Das

A new 'jugalbandi'

Here's how the RBI's June 7 circular could usher in evolved regulatory governance.

Forex retail trading platform ready for roll-out on August 5, says RBI

Fees charged by banks, if any, should be spelt out on the FX-Retail platform

Reserve Bank to infuse Rs 12,500 cr in economy through govt bond purchases

The Central bank would purchase five government bonds under open market operations (OMOs) on June 20

RBI to infuse Rs 15,000 cr in economy through bond purchases on Thursday

Based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward, the RBI has decided to conduct purchase of six Government securities for Rs 150 billion

No minimum balance, more than 4 withdrawals allowed for no-frill accounts

Banks will also have to provide cheque books and cannot ask them to maintain a minimum balance in lieu of facilities.

Shift balance of debt funds in favour of higher credit-quality portfolios

Steps to improve liquidity may mitigate credit risk. Nonetheless, avoid lower-rated portfolios

RBI policy, global trends to guide markets in the coming week: Analysts

Data released on Friday showed that India's economic growth rate slowed to a five-year low of 5.8 per cent in January-March 2018-19 due to poor performance of agriculture and manufacturing

RBI readies credit line rules for NBFCs, may seek views after poll results

NBFCs will be able to borrow, based on their retail, agriculture, and other such assets

Nandan Nilekani-led panel on digital payments submits report to RBI

Earlier this week, the RBI released a vision document for ensuring a safe, secure, convenient, quick and affordable e-payment system with an aim making India a 'cash-lite' society

NBFCs see no sign of liquidity crisis easing, await RBI's rescue act

The recent rating downgrade of Reliance Home Finance has cast fresh doubt on the NBFC segment

Rate cuts and 'pliant' governors

Two successive rate cuts from the RBI in February and April were not an election gift to the government

RBI to update RTI disclosure norms after Lok Sabha elections 2019

Earlier updation by the central bank, on April 30, only removed sections deemed objectionable by the SC

RBI's revised framework for stressed assets resolution likely before May 23

The RBI is looking into all the concerns raised by various stakeholders including banks and power sector companies