Page 58 - Latest Updates on Reserve Bank of India
Explained: Has India's exchange rate regime changed for the worse?
Ever since the liberalisation in 1991, the RBI has pursued a flexible exchange rate policy
 "Explained: Has India's exchange rate regime changed for the worse?")
RBI's upbeat growth estimates create confusion, concern among economists
The central bank has stuck to its forecast that India's economy will expand 7.2 per cent in the year ending March 2025
 "RBI's upbeat growth estimates create confusion, concern among economists")
RBI Governor Shaktikanta Das gets top central banker award by US magazine
This is the second consecutive year that he has been ranked as the top central banker globally
 "RBI Governor Shaktikanta Das gets top central banker award by US magazine")
New updates: IT ministry issues advisory to social media companies regarding misinformation
Stay with us for all the news updates from across the globe
 "New updates: IT ministry issues advisory to social media companies regarding misinformation")
Cryptocurrencies huge risks to financial stability, says RBI Guv Das
There has to be (an) international understanding on this issue, being fully mindful of the huge risks associated with cryptocurrencies
 "Cryptocurrencies huge risks to financial stability, says RBI Guv Das")
FAR securities receive 60,000 crore inflows since JP Morgan inclusion
FPI investment in FAR securities had doubled, surpassing the Rs. 2 trillion mark within nine months of announcement of JP Morgan including Indian debt in its index
 "FAR securities receive 60,000 crore inflows since JP Morgan inclusion")
Economic think-tank NIPFP cuts India's FY25 GDP growth forecast to 6.9-7.1%
Cuts it to 6.9-7.1% from 7.1-7.4% estimated earlier in its April study
 "Economic think-tank NIPFP cuts India's FY25 GDP growth forecast to 6.9-7.1%")
On the table: FinMin to review public sector banks co-lending, MSME credit
DFS secy M Nagaraju to chair meeting on November 5
 "On the table: FinMin to review public sector banks co-lending, MSME credit")
RBI's lending ban cannot be the answer to India's credit excesses
Excesses spike in post-pandemic inflation and an uneven recovery that bypassed working-class families has aggravated the challenge
 "RBI's lending ban cannot be the answer to India's credit excesses")
Navi Finserv cancels Rs 100 cr bond issuance plan after RBI action
The central bank had last week barred the NBFC from sanctioning and disbursing additional loans for charging exorbitant interest rates
 "Navi Finserv cancels Rs 100 cr bond issuance plan after RBI action")
Proposal to reshape India's money-changing industry hits a roadblock
Central bank called for industry to have forex correspondents but there has been no progress
 "Proposal to reshape India's money-changing industry hits a roadblock")
Crackdown on four NBFCs: 14% spread on loans prompted RBI action
The regulator took such stern action amid a risk of rural distress due to unfair practices
 "Crackdown on four NBFCs: 14% spread on loans prompted RBI action")
RBI lifts lending restrictions from JM Financial's non-banking unit
JM Financial's non-banking unit can now immediately offer loans against shares and debentures, according to a brief statement from the financial services group
 "RBI lifts lending restrictions from JM Financial's non-banking unit")
We don't want to join any party: RBI Guv on rate cut by other central banks
We are not managing the exchange rate, Das clarified
A day after RBI curbs on NBFCS: Fintechs may face temporary disruption
The ban on sanction and disbursement for its partner DMI Finance would be effective from October 21, as per the RBI directive
 "A day after RBI curbs on NBFCS: Fintechs may face temporary disruption")
Manappuram Fin share price tanks 15% as RBI bans loan disbursement by arm
Manappuram Finance share price: Manappuram Finance share price tanked 15 per cent to Rs 150.80, hitting an 11-month low on the BSE after the RBI put restrictions on Asirvad Micro Finance
 "Manappuram Fin share price tanks 15% as RBI bans loan disbursement by arm")
RBI cracks down on shadow banks over high-interest loans, rule violations
The Reserve Bank of India ordered four shadow banks to stop sanctioning new loans because of high interest rate charges to customers
 "RBI cracks down on shadow banks over high-interest loans, rule violations")
Rupee pegged back by higher US yields; hopes of RBI intervention counters
Choppy oil prices, foreign investors taking out money in lieu of the China stimulus, higher US yields and the dollar has pushed back the rupee by just 0.3 per cent month-to-date
 "Rupee pegged back by higher US yields; hopes of RBI intervention counters")
Why exchange rate volatility is essential for economic flexibility
While some people view exchange rate fluctuation as detrimental to the economy, it is, in fact, a crucial element of economic flexibility
 "Why exchange rate volatility is essential for economic flexibility")
50 bps cut in interest rate likely by March 2025: Axis Mutual Fund
In an interview with Abhishek Kumar in Mumbai, Shah says this view may not hold true if commodity prices go up sharply
 "50 bps cut in interest rate likely by March 2025: Axis Mutual Fund")