Page 59 - Latest Updates on Reserve Bank of India
Bankers ask RBI for durable liquidity as deficit mounts to Rs 2 trillion
Economists are of the opinion that given the prevailing liquidity conditions, the RBI should prioritise liquidity management over rate cuts
 "Bankers ask RBI for durable liquidity as deficit mounts to Rs 2 trillion")
Lenders must offer fixed-rate products for EMI-based loans, says RBI
While lenders offer fixed rate auto loans, unsecured personal loans, not many banks and NBFCs have fixed rate products for home loans
 "Lenders must offer fixed-rate products for EMI-based loans, says RBI")
Govt likely to conduct interviews for RBI deputy governor next week
Government panel consisting of RBI governor, Cabinet secy, DFS secy to interview candidates
 "Govt likely to conduct interviews for RBI deputy governor next week")
Microfinance sector shows signs of stress as delinquency rates rise
The Reserve Bank of India's Financial Stability Report of December 2024 had observed that the microfinance sector is showing rising delinquencies across lenders and ticket sizes
 "Microfinance sector shows signs of stress as delinquency rates rise")
Manmohan Singh profoundly influenced our lives and India's growth
Manmohan Singh's visionary leadership not only transformed India's economy but also left an indelible impact on our professional journey and personal lives
 "Manmohan Singh profoundly influenced our lives and India's growth")
Cease & desist: Reserve Bank of India's quick shift on NBFC curbs
In December, the restriction was lifted for Navi Finserv, and this month, it was removed for the remaining three NBFCs
 "Cease & desist: Reserve Bank of India's quick shift on NBFC curbs")
Trading volume in dollar-rupee NDF hits record high on arbitrage activity
Banks executed NDF trades worth more than $161 billion at the offshore hub, a sharp rise of 140 per cent from a year ago, data from Clearing Corporation of India showed
 "Trading volume in dollar-rupee NDF hits record high on arbitrage activity")
Supply chain platform KredX secures RBI's approval to launch TReDS platform
KredX's DTX is the fifth platform to receive the banking regulator's nod to operate TReDS
 "Supply chain platform KredX secures RBI's approval to launch TReDS platform")
RBI eases curbs on NBFCs as compliance improves after supervisory actions
High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth
 "RBI eases curbs on NBFCs as compliance improves after supervisory actions")
RBI's new Guv initiates review of inflation, growth forecasting tools
Malhotra, who took charge last month, is asking the RBI's internal teams to include new datasets, analysis and projections in their inflation and growth forecasts
 "RBI's new Guv initiates review of inflation, growth forecasting tools")
RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance
RBI, in October, had imposed sanctions on Asirvad Microfinance, Arohan Financial Services, DMI Finance, and Flipkart co-founder Sachin Bansal's Navi Finserv
Managing multiple loans: Lower interest cost via debt consolidation
Borrowers with multiple loans-such as credit card, personal, and home loan-can pool them into one large loan with a lower interest rate
 "Managing multiple loans: Lower interest cost via debt consolidation")
RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar
Sanjay Malhotra, the new governor, hasn't spelled out his policy stance on the rupee. Yet, there are signs he may allow the currency to fluctuate more naturally
 "RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar")
RBI announces names of winners of 3rd edition of Global Hackathon
The 28 finalists presented their solutions to an independent jury which selected the winners based on several parameters, including comprehensiveness, innovation, feasibility, scalability, compliance
Rupee to stay under pressure as traders eye RBI's defence of 85.80
The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly-lower from its closing level of 85.77
 "Rupee to stay under pressure as traders eye RBI's defence of 85.80")
India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts
Rural demand, services sector may lift H2 showing
 "India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts")
Risk appetite: How Indians are diversifying their savings portfolios
Expectedly, urban households display a greater inclination to adapt their investment choices to dynamic economic conditions
 "Risk appetite: How Indians are diversifying their savings portfolios")
Stop-start in currency volatility: Markets deliver consistent daily shifts
Policymakers can get export growth for some time through subsidies, whether a production-linked incentive or a falsified exchange rate
 "Stop-start in currency volatility: Markets deliver consistent daily shifts")
HDFC Bank to acquire up to 9.5% in Kotak Mahindra and AU, Capital SFBs
RBI has given approval to HDFC Bank and its group companies to collectively acquire up to 9.5 per cent of paid-up share capital or voting rights in Kotak Mahindra Bank, AU Small Finance Bank
 "HDFC Bank to acquire up to 9.5% in Kotak Mahindra and AU, Capital SFBs")
RBI removes biz restrictions on Kolkata-based Arohan Financial Services
On October 17, the regulator directed four non-banking finance companies (NBFCs) to cease and desist from sanctioning and disbursing loans
 "RBI removes biz restrictions on Kolkata-based Arohan Financial Services")