Page 63 - Latest Updates on Reserve Bank of India
India's shrinking balance of payments surplus keeps rupee near record lows
RBI has been regularly intervening in the forex markets on both sides, leading to rupee holding a narrow range
 "India's shrinking balance of payments surplus keeps rupee near record lows")
RBI board reviews global, domestic economy, associated challenges
The Board also reviewed various areas of operations of the Reserve Bank of India including the functioning of Local Boards and activities of select central office departments, RBI said
 "RBI board reviews global, domestic economy, associated challenges")
Room for rate adjustments if food inflation decreases: Viral Acharya
Acharya explains why food inflation should not be excluded from the inflation targeting framework
 "Room for rate adjustments if food inflation decreases: Viral Acharya")
Rupee at closing low; RBI intervention prevent from touching 84 per dollar
The local currency settled at 83.97 per dollar on Tuesday, almost flat compared to the previous close. The previous record low of 83.97 was hit on August 13 of the current year
 "Rupee at closing low; RBI intervention prevent from touching 84 per dollar")
High loan-deposit ratio not a concern, deposit growth not weak: Report
The research note has also contradicted the recent narrative that deposit growth in the banking system has been sluggish
 "High loan-deposit ratio not a concern, deposit growth not weak: Report")
Rupee drops to record low amid negative global cues, RBI support aids
Over the last month, there were several instances when the Reserve Bank of India intervened on both sides of the forex market to support the currency
 "Rupee drops to record low amid negative global cues, RBI support aids")
Banks to maintain real-time fraud list, more than 3,000 entities listed
Lenders would be required to consult this list before engaging with these entities and continuously update it
 "Banks to maintain real-time fraud list, more than 3,000 entities listed")
A 'unified lending interface' carries great potential, but is also risky
India's model for financial interconnectedness is based around what it calls digital public infrastructure
 "A 'unified lending interface' carries great potential, but is also risky")
Households set to rebuild financial assets as income rises: RBI's Patra
He noted that the rebuilding process has already begun, with household savings increasing from an average of 10.6 per cent between 2011 and 2017 to 11.5 per cent during 2017-2023
 "Households set to rebuild financial assets as income rises: RBI's Patra")
World Bank follows IMF. Revises India's FY25 GDP growth forecast to 7%
The International Monetary Fund had earlier also raised India's growth forecast to 7 per cent for the financial year 2024-25 (FY25), following the conclusion of general elections in the country
 "World Bank follows IMF. Revises India's FY25 GDP growth forecast to 7%")
Lenders' deposit shortage could put speed limit on credit-fueled investment
The govt is making the deposit crunch worse by taxing savers aggressively, but keeping the proceeds away from the financial system. Bankers are compounding the problem by not paying enough to savers
 "Lenders' deposit shortage could put speed limit on credit-fueled investment")
All-India house price index moderates to 3.3% in Q1FY25: RBI data
All-India HPI increased by 3.3 per cent (y-o-y) in Q1 2024-25 as compared to 4.1 per cent growth in the previous quarter and 5.1 per cent a year ago, they said
 "All-India house price index moderates to 3.3% in Q1FY25: RBI data")
RBI imposes penalty of Rs 2.68 cr on UCO Bank violation of provisions
The RBI has also imposed a penalty of Rs 2.1 lakh on Cent Bank Home Finance Ltd for non-compliance
 "RBI imposes penalty of Rs 2.68 cr on UCO Bank violation of provisions")
RBI allows foreign investors in IFSC to invest in sovereign green bonds
At present, foreign portfolio investors (FPIs) registered with Sebi are permitted to invest in SGrBs under the different routes available for investment by FPIs in government securities
RBI asks public to be cautious against fraudulent activities in its name
It has come to the notice of the RBI that unscrupulous elements are using various methods to defraud members of the public by using the name of RBI in some capacity
 "RBI asks public to be cautious against fraudulent activities in its name")
RBI expected to finalise guidelines on project loans in 2-3 months
The Reserve Bank of India has proposed to set aside 5 per cent of the total exposure to a project till the construction of the project is on
RBI focusing on making UPI, RuPay truly global, says Governor Das
RBI grants license to FACE as self-regulatory org in fintech sector
 "RBI focusing on making UPI, RuPay truly global, says Governor Das")
Sebi seeks RBI support to boost participation in corporate bond repo market
Market players said that ARCL is not classified as a Qualified Central Counterparty (QCCP), which restricts participation from banks and PDs
 "Sebi seeks RBI support to boost participation in corporate bond repo market")
Interlinking domestic fast-pay ways won't solve crossborder issues: Waller
Says frictionless cross-border payments will make it difficult to check money laundering and terror funding
 "Interlinking domestic fast-pay ways won't solve crossborder issues: Waller")
Shriram Finance plans to raise up to $1.5 bn from overseas, says CEO
Last November, Reserve Bank of India asked all lenders to set aside more capital on loans given to non-banking financial companies (NBFCs)
 "Shriram Finance plans to raise up to $1.5 bn from overseas, says CEO")