Page 58 - Latest Updates on Reserve Bank of India
SBI urges RBI to include non-financial transactions for account status
SBI had also started announcing a special drive on inoperative accounts over the weekend
 "SBI urges RBI to include non-financial transactions for account status")
Rupee recovers losses after hitting new intraday low of 84.76 per dollar
Market participants said that the RBI might have sold around $2 billion today, which helped the domestic currency cut losses
 "Rupee recovers losses after hitting new intraday low of 84.76 per dollar")
Will RBI announce a rate cut? MPC meet date, time, and what to expect
The RBI is expected to revise its growth forecast for the financial year 2024-25 following low Q2 GDP figures
 "Will RBI announce a rate cut? MPC meet date, time, and what to expect")
Speculation over RBI Guv Shaktikanta Das' extension grows after GDP miss
Das himself has largely refrained from discussing his own future, telling Bloomberg a few months ago that he's focused on his work at the RBI
 "Speculation over RBI Guv Shaktikanta Das' extension grows after GDP miss")
Self-help groups, farmers struggling to get loans : RBI Deputy Governor
MSMEs led by women underserved in borrowing system, says Swaminathan J in speech
 "Self-help groups, farmers struggling to get loans : RBI Deputy Governor")
Rupee drops 4 paise to all-time low of 84.76 per US dollar in early trade
Market participants are also awaiting cues from the upcoming RBI monetary policy on December 6, which will likely focus on balancing inflation and growth
 "Rupee drops 4 paise to all-time low of 84.76 per US dollar in early trade")
Indian insurance firms seek zero-coupon bonds to manage long-term risks
Insurance companies have made a request to the Reserve Bank of India, which has then discussed the matter with the Finance Ministry of the government
 "Indian insurance firms seek zero-coupon bonds to manage long-term risks")
Unclear if US law permits Trump's 100% tariff threat on Brics: Ex-RBI Guv
former RBI Governor Duvvuri Subbarao also said even for Brics, there are internal differences about bringing out an alternative to the US$
 "Unclear if US law permits Trump's 100% tariff threat on Brics: Ex-RBI Guv")
RBI ballooning NDF position suggests more rupee losses, say bankers
The Reserve Bank of India's aggregate short foreign currency in forwards and futures position jumped three-fold to $49.2 billion from September to October, official data showed on Friday
RBI to weigh growth slowdown, inflation at its MPC meeting this December
A survey conducted by Business Standard revealed that majority respondents believed that the RBI might revise its growth and inflation projections for the financial year
 "RBI to weigh growth slowdown, inflation at its MPC meeting this December")
Governance premium to rise sharply, banks to be put through the wringer
In European banks, you have a supervisory board for governance, another for management of business
 "Governance premium to rise sharply, banks to be put through the wringer")
A look back at RBI Governor tenures as Shaktikanta Das' term nears end
Below is a list of RBI governors over the past two decades, their appointment announcements, and dates of joining
 "A look back at RBI Governor tenures as Shaktikanta Das' term nears end")
India's forex reserves drop by $48 billion in two months: RBI data
According to the latest data released by the RBI, in the week ended November 22, India's foreign exchange reserves declined by $1.31 billion to stand at $656.58 billion
 "India's forex reserves drop by $48 billion in two months: RBI data")
RBI may look at OMOs to infuse durable liquidity, say market experts
Government cash balance turns negative; Fx market remains volatile
 "RBI may look at OMOs to infuse durable liquidity, say market experts")
Deposit growth slows fortnight ended Nov 15, credit growth takes a lead
Credit growth in the fortnight ended November 15 slowed to 11.15 per cent year-on-year (YoY), while deposit growth reached 11.21 per cent
 "Deposit growth slows fortnight ended Nov 15, credit growth takes a lead")
Business correspondents' body demands higher charges for AePS withdrawals
Faced with a jump in costs and transaction failures, bank agents are demanding an upward revision of per-transaction charges to 1 per cent or Rs 21, whichever is lower
 "Business correspondents' body demands higher charges for AePS withdrawals")
RBI devolves 70% new green bonds at 6.78%-6.84%, cutoff below 10-year note
The RBI sold around 15 billion rupees ($177.53 million) worth of 10-year green bonds to investors at a 6.79% coupon but devolved nearly 35 billion rupees worth of the note, the first such devolvement
Bank holidays in December 2024: List of 17 days when banks will be closed
In December 2024, all Indian banks (public and private) will be closed for a minimum of 17 days, including Sundays, the second and fourth Saturdays, and other regional and national holidays
 "Bank holidays in December 2024: List of 17 days when banks will be closed")
RBI to delay cutting rates to early 2025 amid inflation concerns: Poll
Twenty-one of 48 common contributors who provided rate forecasts last month and this month pushed their expectation for the first rate cut from December to February or later
 "RBI to delay cutting rates to early 2025 amid inflation concerns: Poll")
A year after RBI notified PA-CB norms, only four entities receive licence
PAs-CB are entities that enable cross-border payment transactions for import and export
 "A year after RBI notified PA-CB norms, only four entities receive licence")