Page 343 - Latest Updates on Reserve Bank of India
RBI deputy governor B P Kanungo bats for capital account liberalisation
While the rupee can freely be converted on the current account, the central bank imposes limits in the case of the capital account
 "RBI deputy governor B P Kanungo bats for capital account liberalisation")
Bimal Jalan panel on RBI's capital size likely to submit report by June
The committee was to submit its report in 90 days from the first day of its meeting, which held on January 8.
 "Bimal Jalan panel on RBI's capital size likely to submit report by June")
RBI may tweak Feb 12 circular on stressed assets to 30-day grace period
New circular to treat term loan, cash credit on par with reference to buffer
 "RBI may tweak Feb 12 circular on stressed assets to 30-day grace period")
Did not issue five-day-working instruction for commercial banks: RBI
Currently, branches of commercial banks observe holiday only on second and fourth Saturday of a month apart from Sunday
 "Did not issue five-day-working instruction for commercial banks: RBI")
RBI net dollar buyer for third straight month in Feb, snaps up $825 mn
The central bank had turned net buyer of dollar for the first time in fiscal 2019 in December 2018, buying $607 mn
 "RBI net dollar buyer for third straight month in Feb, snaps up $825 mn")
EMs risk breaking out of the hegemony of dominant currencies: RBI Governor
Das was speaking at the IMF's 'Governor Talks' programme at the International Monetary Fund-World Bank Spring Meetings
SC order on RBI circular: More options for banks to tackle defaulting firms
Lenders also have the option of restructuring the loans
 "SC order on RBI circular: More options for banks to tackle defaulting firms")
Setback for RBI
Central bank's role in IBC must not be curtailed
 "Setback for RBI")
RBI tightens NPA disclosure norms, asks banks to reveal bad loans
RBI's plan is to allow loss-making banks to go easy on their disclosure.
RBI to introduce new seven-year and 20-year bonds on April 5
The total auction would be of Rs 17,000 crore in which five bonds of different tenure will be issued
 "RBI to introduce new seven-year and 20-year bonds on April 5")
RBI to again go for $5-billion dollar-rupee swap auction on April 23
In the swaps, the auctions are done to determine the forward premiums
RBI's challenges
High core inflation and weak transmission key hurdles
RBI to conduct second round of dollar-rupee swap auction on April 23
This comes shortly after the RBI said last month it will conduct a dollar-rupee buy-sell swap auction of $5 billion
 "RBI to conduct second round of dollar-rupee swap auction on April 23")
RBI's rupee-dollar swap auction to ease liquidity gets a big thumbs up
The idea behind the swaps is to infuse rupee liquidity by buying dollars
 "RBI's rupee-dollar swap auction to ease liquidity gets a big thumbs up")
RBI accepts $5 bn from banks at currency swap auction to ease liquidity
RBI has bought 3 trillion rupees of debt this financial year
RBI may allow banks to sell state paper ahead of maturity
The move will also allow states to buy back bonds and issue a new lot with lower coupon
A swap in time
RBI's new liquidity management tool is a welcome move
 "A swap in time")
Economists raise concerns over economic slowdown with RBI Governor
Shaktikanta Das met more than a dozen economists to get their views on the economy ahead of the Monetary Policy Committee meeting on April 4.
 "Economists raise concerns over economic slowdown with RBI Governor")
$5 bn swap smartest move of RBI gov
The new instrument could be a permanent fixture in the RBI's liquid management toolkit, the level of the rupee determining the frequency of use
RBI names SBI, ICICI and HDFC as systemically important banks
Inclusion in the list gives additional comfort to investors that these banks won't be allowed to fail and therefore, borrowing costs of these banks from the markets are cheaper than their peers
 "RBI names SBI, ICICI and HDFC as systemically important banks")