Page 346 - Latest Updates on Reserve Bank of India
Govt upset with RBI for being kept in the dark about PCA, NPA norms
Officials say there was no discussion in any board meeting, govt does not know the rationale behind revising the framework and how RBI arrived at it
 "Govt upset with RBI for being kept in the dark about PCA, NPA norms")
Wrong time to fight? RBI-govt dispute can further damage investor sentiment
If the standoff with the government gets any worse, a test of the central bank's dire warning could come soon
 "Wrong time to fight? RBI-govt dispute can further damage investor sentiment")
A bad idea
A separate payments regulator could be counter-productive
 "A bad idea")
Some justice for existing borrowers?
When interest rates go down, banks tend to increase the spread for older customers, and their EMIs stay same
 "Some justice for existing borrowers?")
How RBI's hard stand on data localisation will impact key players
Local data storage would not only allow the RBI to have unfettered access to the data but would also enable it to monitor payment systems better
 "How RBI's hard stand on data localisation will impact key players")
Preserving the independence of the RBI
If proposals to set up an appellate body to review RBI's regulatory and supervisory decisions were to be implemented, the whole supervisory process would get mired in constant litigation
RBI may further pare G-sec buybacks, cut borrowings in second half of FY19
Officials from the Finance Ministry and Reserve Bank of India will meet on Friday to decide the borrowing calendar for October-March
World Gold Council expects RBI's demand for gold to remain buoyant
Globally, more and more central banks are buying gold for their forex reserves and according to WGC, RBI has been the fourth largest buyer of gold since the start of 2017
 "World Gold Council expects RBI's demand for gold to remain buoyant")
RBI urges govt to expedite reforms for twin balance sheet problem
The central bank seemed keen to extend the circular to non-banking financial companies (NBFC) as well
 "RBI urges govt to expedite reforms for twin balance sheet problem")
Turkish Lira-led rout complicates RBI's inflation-targetting job in India
A selloff in Turkey's lira spread to other emerging market currencies, with the rupee losing the most since September 2013
 "Turkish Lira-led rout complicates RBI's inflation-targetting job in India")
Don't ignore risks
Diluting capital adequacy norms in banks imprudent
RBI may go for status quo on key policy rates in Aug: HDFC Bank report
After last review in June, when the RBI hiked rates by 0.25%, and data releases showing hardening in inflation
Let RBI decide
Finance ministry's insistence on a dividend policy is unwarranted
 "Let RBI decide")
RBI to go for status quo in August policy review: SBI's eco research wing
RBI's monetary policy committee will start its rate review meeting from July 30 and is expected to announce its call on August 1
RBI has wide-ranging powers to deal with banking frauds, says govt
RBI has informed that the total amount of Notes in Circulation as on July 18, 2018 was Rs 19.28 trillion as compared to Rs 17.74 trillion as on November 4, 2016
Did RBI ads during FIFA 2018 drive home the message of financial safety?
While many agree, they hint that the RBI had to step in as banks have also lost credibility in the past few years
 "Did RBI ads during FIFA 2018 drive home the message of financial safety?")
Surging housing costs may prompt Reserve Bank to raise rates again
In June, the Reserve Bank of India raised rates for the first time since 2014 and revised its inflation forecast for the fiscal year 2019
 "Surging housing costs may prompt Reserve Bank to raise rates again")
Banks to incorporate name of purchaser in demand draft from Sept 15
From September onwards, issuing banks have been asked to incorporate the name of the purchaser on demand draft, pay order, and banker's cheques
 "Banks to incorporate name of purchaser in demand draft from Sept 15")
Reserve Bank must act as alert inspector, not just off-site surveyor: Union
The union said, RBI could train newly recruited computer-savvy assistants in banks for assisting this monitoring exercise
 "Reserve Bank must act as alert inspector, not just off-site surveyor: Union")
India prepares well to face global volatility with strong forex reserve
According to the IMF, India's forex reserve of $430 bn, including forwards position, is good enough for both imports as well as covering short-term external debts