Page 344 - Latest Updates on Reserve Bank of India
RBI to hold quarterly meetings with banks' auditors, review governance
RBI to hold quarterly meetings from April 1 on NPAs, governance and fraud
 "RBI to hold quarterly meetings with banks' auditors, review governance")
RBI to inject long-term liquidity worth $5 bn through foreign exchange swap
Under the swap auction, minimum bid size would be $25 million and in multiples of $1 million thereafter
 "RBI to inject long-term liquidity worth $5 bn through foreign exchange swap")
RBI to infuse Rs 12,500 crore through open market operations on Thursday
The purchase will happen through multi-security auction using the multiple price method.
 "RBI to infuse Rs 12,500 crore through open market operations on Thursday")
RBI-Kotak stand-off: Review panel for ownership norms among key proposals
The matter is scheduled to come up for hearing at the Bombay High Court on Tuesday.
 "RBI-Kotak stand-off: Review panel for ownership norms among key proposals")
Will banks get their remuneration policy right?
By focusing on pay, the regulator is signalling where its priorities lie
 "Will banks get their remuneration policy right?")
RBI to buy govt securities via OMO for Rs 12,500 crore on Thursday
The decision on OMO is based on an assessment of prevailing liquidity conditions and also of the durable liquidity needs going forward
RBI imposes penalties of 2 crore on IDBI and Rs 1 crore on Dena Bank
Dena Bank said the Reserve Bank has imposed a penalty of Rs 20 million on it for non-compliance with the directions issued on February 20, 2018
RBI removes Allahabad Bank, Corp Bank, Dhanlaxmi from PCA framework
Move will allow them to carry on normal business, including lending
 "RBI removes Allahabad Bank, Corp Bank, Dhanlaxmi from PCA framework")
RBI governor Das asks bankers to pass on rate cut benefits to consumers
Even after the last policy rate reduction, only two banks--SBI and Bank of Maharashtra--chose to do something, by lowering just one-fifth of what the RBI did
 "RBI governor Das asks bankers to pass on rate cut benefits to consumers")
RBI Governor Das, bankers may not be on same page over passing rate cuts
So far, SBI has reduced its home loan rates (up to Rs 30 lakh) by only five basis points (bps) after the policy rate cut of 25 bps on February 7
 "RBI Governor Das, bankers may not be on same page over passing rate cuts")
RBI's Feb 12 circular: Infrastructure, power companies were hit hardest
The circular prohibited loan restructuring and asked banks to declare a company a non-performing asset even if there was a day's delay in loan repayment
 "RBI's Feb 12 circular: Infrastructure, power companies were hit hardest")
Finance ministry seeks Rs 27,380 cr from RBI's risks, reserves fund
The ministry has requested the RBI to provide an interim surplus for the current fiscal on the analogy of the previous financial year
Centre seeks around Rs 69,000 crore in dividend from RBI in FY20
Any interim dividend that the RBI pays now will be part of its July 2018-June 2019 financial year
RBI slaps fines on Axis, UCO and Syndicate over various compliance issues
Uco Bank was fined Rs 2 crore for non-compliance on account payee cheques
 "RBI slaps fines on Axis, UCO and Syndicate over various compliance issues")
RBI penalises Axis Bank, UCO and Syndicate over various compliance issues
Penalty of Rs 2 crore has been imposed each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques, says RBI
 "RBI penalises Axis Bank, UCO and Syndicate over various compliance issues")
RBI to cut rates on falling inflation, declining crude oil prices: S&P
The RBI is scheduled to announce its sixth bi-monthly policy review for the fiscal on February 7
 "RBI to cut rates on falling inflation, declining crude oil prices: S&P")
Finance Minister Piyush Goyal to speak at RBI board's meeting on Feb 9
The government expects Rs 28,000 crore from the RBI as interim dividend for the current fiscal based on the financial position of the first half of the central bank.
 "Finance Minister Piyush Goyal to speak at RBI board's meeting on Feb 9")
RBI removes BoI, BoM, OBC from Prompt Corrective Action framework
RBI said that both BoI and BoM have Net NPAs of less than 6% as per Q3 results while OBC's net NPA has come down as the govt has infused sufficient capital
 "RBI removes BoI, BoM, OBC from Prompt Corrective Action framework")
SC notice to RBI on pleas seeking contempt proceedings for violating RTI
The pleas claim that RBI and former governor Urjit Patel had 'willfully and deliberately' disobeyed SC's judgement asking the central bank to disclose information under the RTI Act
 "SC notice to RBI on pleas seeking contempt proceedings for violating RTI")
RBI has insufficient capital, much less surplus to hand over to government
The paper's findings rekindle the debate on the Reserve Bank of India's autonomy, just as a panel reviews how much funds the monetary authority should hold