Page 345 - Latest Updates on Reserve Bank of India
RBI announces Rs 10,000-cr bond buyback on Thursday to improve liquidity
The RBI will buyback five securities maturing between June 2019 and December 2033 through the purchase, it said and also specified details of each security
 "RBI announces Rs 10,000-cr bond buyback on Thursday to improve liquidity")
Lobbying against external benchmark begins
The RBI claims to strike a balance between banks and consumers, but usually bats for banks
 "Lobbying against external benchmark begins")
Slowing growth? RBI needs to lower its FY19 projection to 7%, says SBICap
Weaker growth and the possibility of inflation undershooting the 2 per cent lower boundary of the RBI's inflation target range are adding to calls for interest rate cuts this year
 "Slowing growth? RBI needs to lower its FY19 projection to 7%, says SBICap")
RBI to examine Dec-quarter result of 11 PSBs before easing lending curbs
The government of Prime Minister Narendra Modi has been pressuring the central bank to ease the curbs on at least some of the banks in an attempt to boost lending and the economy
 "RBI to examine Dec-quarter result of 11 PSBs before easing lending curbs")
RBI issues guidelines on use of tokenisation to make card payments safer
At present, tokenised card transaction facility would be offered through mobile phones or tablets only and will be extended to other devices later based on experience, says RBI
Parliamentary panel asks RBI to review rules on banks' capital needs
'Such stringent norms stipulated by the RBI for our banks ... is unrealistic and unwarranted,' according to a report by the Parliamentary Committee on Finance
 "Parliamentary panel asks RBI to review rules on banks' capital needs")
A call for timely action
After the IL&FS crisis, the RBI feels that the oversight framework related to the financial corporations need to be geared for timely measures
Despite IL&FS crisis, RBI to ensure growth of NBFCs with adequate credit
The report said the NBFC sector, with a size of around 15% of the commercial banks' combined balance sheet, has been growing robustly in recent years
 "Despite IL&FS crisis, RBI to ensure growth of NBFCs with adequate credit")
Deja vu, RBI
The book disappoints to the extent that it does not bring any new insights to anybody familiar with the literature pertaining to the RBI
 "Deja vu, RBI")
RBI autonomy sacred, shouldn't be compromised: Arvind Subramanian
Progress on the steps taken by Governor Shaktikanta Das' predecessor Urjit Patel to restore financial system integrity will be a key thing to assess any damage to the institution, Subramanian said
 "RBI autonomy sacred, shouldn't be compromised: Arvind Subramanian")
RBI remains net seller of dollar in Oct, sells $7.2 bn of greenback: Data
RBI maintains that its intervention in the foreign exchange market is to curb volatility in the rupee
Who will be the next RBI Governor? Adhia, Das among names doing the rounds
The first step is for Prime Minister Narendra Modi to appoint an interim governor, as has been the practice in the past
RBI will keep injecting liquidity via OMOs till March-end: Viral Acharya
Acharya said RBI has also provided infusion of liberal liquidity through term repo in addition to the usual provision via the liquidity adjustment facility
 "RBI will keep injecting liquidity via OMOs till March-end: Viral Acharya")
Capital cushion needed amid global uncertainty: RBI governor Urjit Patel
The RBI governor told the members of Parliament that credit growth was 15 per cent and that the impact of November 2016 demonetisation had a transient impact on the economy
 "Capital cushion needed amid global uncertainty: RBI governor Urjit Patel")
Key RBI departments go slow on sensitive issues ahead of Nov 19 board meet
Senior officials hold back on opinion to industry
 "Key RBI departments go slow on sensitive issues ahead of Nov 19 board meet")
Privatise state-run banks: RBI tells govt loud and clear in stormy meeting
Acharya put forth the proposal as govt nominees raised capital needs of PSBs
RBI is duty-bound to release names of wilful defaulters, says CIC Acharyulu
The CIC's statement comes as the issue of show cause notice being served to RBI governor Urjit Patel for non-disclosure of wilful defaulters list has come to the fore
More rules, less discretion?
Provisioning norms in India are strictly rule-based. Being more conservative helps in withstanding crisis and enables timely corrective measures
 "More rules, less discretion?")
RBI tweaks norms to help shadow banks with liquidity crunch, refinance debt
The RBI said the partial credit enhancement would only be allowed to refinance existing debt of the NBFCs and HFCs, provided the bonds issued by them have a tenor of not less than three years
Govt's move to take charge of monetary policy is ominous: Congress
'Under Modi and BJP, they are damaging all the independent institutions of the country which have their role in maintaining governance and administration'
 "Govt's move to take charge of monetary policy is ominous: Congress")