Page 42 - Latest Updates on Reserve Bank of India
NBFCs urge RBI to raise ECB limit, ease loan recovery and eKYC rules
NBFCs urge RBI to raise the ECB limit, ease SARFAESI norms for small loans, expedite eKYC approvals, and relax asset classification rules for alternative vehicle financing
 "NBFCs urge RBI to raise ECB limit, ease loan recovery and eKYC rules")
RBI flags FEMA breach in overseas guarantees, seeks corporate compliance
RBI directs state-owned banks to ensure corporates admit and pay penalties for violating FEMA rules by securing performance guarantees from overseas financial institutions
 "RBI flags FEMA breach in overseas guarantees, seeks corporate compliance")
Bond market participants expect more OMO purchases to aid liquidity
Banks bid 4.5x in Thursday's auction
 "Bond market participants expect more OMO purchases to aid liquidity")
RBI-NBFC meet: Shadow banks seek new funding as bank credit tightens
RBI governor nudges NBFCs towards Unified Lending Interface
 "RBI-NBFC meet: Shadow banks seek new funding as bank credit tightens")
RBI to conduct 49-day variable rate repo for Rs 75k cr to boost liquidity
The Reserve Bank of India will conduct a 49-day variable rate repo for Rs 75,000 crore ($8.63 billion) on Friday, it said after market hours
 "RBI to conduct 49-day variable rate repo for Rs 75k cr to boost liquidity")
Reserve Bank of India pulls back rupee from the brink of 88 against dollar
The rupee depreciated to a new low of 87.95 prompting the central bank to intervene, dealers said
 "Reserve Bank of India pulls back rupee from the brink of 88 against dollar")
HDFC Bank raises MCLR on overnight tenure by 5 basis points to 9.20%
With this revision, the bank's MCLR now ranges from 9.20 to 9.45 per cent
 "HDFC Bank raises MCLR on overnight tenure by 5 basis points to 9.20%")
Best of BS Opinion: Looking beyond boundaries in search of the better
In today's newsletter, we take a look at our opinion pieces through the idea of boundaries and limits, and how they may be applicable to understanding different issues
 "Best of BS Opinion: Looking beyond boundaries in search of the better")
Monetary policy: A rate cut, and much more once the rupee stabilises
The RBI reduced its policy repo rate by 25 basis points (bps) to 6.5 per cent in the first rate cut since May 2020, when there had been a 40-bp reduction to 4 per cent amid Covid
 "Monetary policy: A rate cut, and much more once the rupee stabilises")
RBI opens NDS-OM platform for stock brokers to boost retail participation
Currently, membership open to entities such as banks, primary dealers, insurers, MFs
 "RBI opens NDS-OM platform for stock brokers to boost retail participation")
Monetary policy: Banks get breather on draft LCR norms for at least a year
"Trade-offs between stability and efficiency will be kept in mind"
 "Monetary policy: Banks get breather on draft LCR norms for at least a year")
RBI MPC meeting 2025: Fiscal monetary harmony for economic growth
On the growth front, the need for monetary support remains high
 "RBI MPC meeting 2025: Fiscal monetary harmony for economic growth")
RBI to review mkt trading, settlement timings to enhance scope, liquidity
The RBI announced the formation of the working group, to be headed by R S Ratho
 "RBI to review mkt trading, settlement timings to enhance scope, liquidity")
RBI to introduce forward contracts in govt securities: Governor Malhotra
Bond market participants said that in bond forwards, there will be actual delivery of bonds
 "RBI to introduce forward contracts in govt securities: Governor Malhotra")
RBI's internal committee reviewing economic capital framework: Governor
The panel had also suggested that the RBI's ECF be reviewed every five years
 "RBI's internal committee reviewing economic capital framework: Governor")
Monetary policy: Time to support growth as inflation coming down, says RBI
It has been the endeavour of Reserve Bank to provide as much liquidity as is required
RBI to postpone digital deposit buffer mandate for banks by 1 year
Originally proposed in July 2024, the RBI's guidelines required banks to set aside an additional 5 per cent 'run-off factor' on digitally accessible retail deposits
RBI's growth, inflation projection offers comfort to markets and investors
State of government finances, concessions offered to tax-payers, and the commitment to progress on the fiscal glide path is eminently complemented by the monetary measures makes this policy different
 "RBI's growth, inflation projection offers comfort to markets and investors")
Stocks, Bonds: Where to invest after RBI's first repo rate cut in 5 yrs?
RBI Monetary Policy: RBI MPC announced a repo rate cut to 6.25 per cent from 6.5 per cent amid slow economic growth and sticky inflation. Here is how investors should invest after RBI policy
 "Stocks, Bonds: Where to invest after RBI's first repo rate cut in 5 yrs?")
Repo rate cut sends 'strong' signal to markets on low borrowing costs ahead
RBI Policy: Given the current economic landscape, moderating inflation, and sluggish growth, another 25-50 bps rate cut within this calendar year remains a strong possibility
 "Repo rate cut sends 'strong' signal to markets on low borrowing costs ahead")