Page 65 - Latest Updates on Reserve Bank of India
'One State, One RRB' policy gains momentum; may make debut in March 2025
Finance Minister Nirmala Sitharaman has urged RRBs to focus on improving digital services and supporting MSME growth
 "'One State, One RRB' policy gains momentum; may make debut in March 2025")
Casa ratio of banks may fall to pre-Covid level: SBI chief CS Setty
But Setty says SBI will hold on to current share by tapping small businesses
 "Casa ratio of banks may fall to pre-Covid level: SBI chief CS Setty")
Foreign banks in regulatory standoff seek RBI relief on trading rules
In October 2022, Esma de-recognised the Clearing Corporation of India, creating significant obstacles for European banks conducting large-scale transactions
 "Foreign banks in regulatory standoff seek RBI relief on trading rules")
Rupee has been among the least volatile currencies since 2023: RBI governor
Our stated policy is to prevent excessive volatility of the rupee, said Reserve Bank of India governor Shaktikanta Das
 "Rupee has been among the least volatile currencies since 2023: RBI governor")
Eid-e-Milad 2024 bank holiday: Are banks closed today? Check details
On September 16, public and private sector banks are closed in multiple states on the occasion of Eid-e-Milad. Here's all you need to know
 "Eid-e-Milad 2024 bank holiday: Are banks closed today? Check details")
Jan-Dhan accounts: A new option for state-owned banks to mobilise deposits
Following this, many banks are exploring previously untapped areas to mobilise deposits while choosing not to engage in an interest rate war
 "Jan-Dhan accounts: A new option for state-owned banks to mobilise deposits")
RBI seeks granular data from NBFCs, wants to check lending standards
Purpose is also to check if interest rates being charged are in line with far practices code
 "RBI seeks granular data from NBFCs, wants to check lending standards")
Have distance to cover on inflation, can't look other way: RBI Governor
Central bank in no rush to cut rates as projections say inflation is moderating, says Shaktikanta Das
 "Have distance to cover on inflation, can't look other way: RBI Governor")
'India's growth potential is above 7.5%': RBI Governor Shaktikanta Das
At a Singapore forum, RBI Governor Shaktikanta Das projected that India has a growth potential of at least 7.5%, slightly above the RBI's official 7.2% forecast for 2024-25
 "'India's growth potential is above 7.5%': RBI Governor Shaktikanta Das")
Paytm to focus on core business; deliver profitability soon: CEO Sharma
Company has 'thoroughly examined' business processes, he says as impact of RBI strictures on payments bank continues
 "Paytm to focus on core business; deliver profitability soon: CEO Sharma")
Banks plan to ring in festival-season offers with a note of caution
Post-Covid pent-up demand over, lenders to stay careful as personal loan delinquencies on the rise
 "Banks plan to ring in festival-season offers with a note of caution")
Retail inflation inches up to 3.65% in August; IIP growth at 4.8% in July
The data released by NSO on Thursday showed that food inflation rose slightly to 5.66 per cent from 5.42 per cent in July
 "Retail inflation inches up to 3.65% in August; IIP growth at 4.8% in July")
In a first, govt to conduct yearly private capex survey from October
The annual private capex survey will run in conjunction with the annual survey of industries, which tracks output, value-added, and employment across manufacturing sector enterprises
 "In a first, govt to conduct yearly private capex survey from October")
NaBFID should become self-sustainable, not rely on govt: RBI dy governor
NaBFID is a development finance institution that was set up in 2021 to focus on infrastructure funding
 "NaBFID should become self-sustainable, not rely on govt: RBI dy governor")
NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai
NaBFID has already sanctioned Rs 20,000 cr of its target of Rs1 trillion for the 12 months through March 2025
 "NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai")
SSY: Attractive scheme for girl child, provided you don't mind lock-in
An account can be opened for a girl child below 10 years of age. It matures 21 years from the end of the financial year in which it was opened
 "SSY: Attractive scheme for girl child, provided you don't mind lock-in")
Reserve Bank to stick to higher digitally-linked deposit buffer proposal
In India, retail and small business accounts make up around two-thirds of deposits, of which more than 50 per cent are digitally accessible, Moody's estimates
 "Reserve Bank to stick to higher digitally-linked deposit buffer proposal")
RBI rejects Canara Bank's bid for credit card subsidiary amid concerns
The decision by the Reserve Bank of India comes amid increasing concerns over the growing volume of unsecured loans in the banking sector
 "RBI rejects Canara Bank's bid for credit card subsidiary amid concerns")
Inflation likely held steady at five-year low of 3.5% in August: Poll
Although food prices, which make up nearly half the inflation basket, have eased significantly in the last two months, erratic monsoon rains across India could harm crop yields
 "Inflation likely held steady at five-year low of 3.5% in August: Poll")
Inflation likely held below RBI's target at 3.5% again in Aug, finds survey
Although food prices, which make up nearly half the inflation basket, have eased significantly in the last two months, erratic monsoon rains across India could harm crop yields
 "Inflation likely held below RBI's target at 3.5% again in Aug, finds survey")