Page 68 - Latest Updates on Reserve Bank of India
RBI issues norms to improve safety of payment systems with fraud monitoring
Directions aim to improve safety and security of the payment systems operated by PSOs by providing a framework for overall information security preparedness with an emphasis on cyber resilience
 "RBI issues norms to improve safety of payment systems with fraud monitoring")
11 public banks charge Rs 2,331 cr for non-maintenance of minimum balance
For the recovery of this charge from account holders, public sector banks have formulated slab structures based on different geographies and segments
 "11 public banks charge Rs 2,331 cr for non-maintenance of minimum balance")
Indian Bank eyes recovery of Rs 7,000 cr this financial year: MD & CEO
The bank has also received the approval from the Reserve Bank of India and shareholders to raise Rs 5,000 crore which would be decided at an opportune time
 "Indian Bank eyes recovery of Rs 7,000 cr this financial year: MD & CEO")
Reserve Bank of India must retain focus on food inflation, say economists
The prescription for inflation-minus-food found mention in the government's pre-budget Economic Survey published last week
 "Reserve Bank of India must retain focus on food inflation, say economists")
RBI plans five-episode web series to showcase its 90-yr journey, functions
Bank is desirous of creating a web series of 5 episodes of around 25-30 minutes each, which can be aired on national TV channels and/or OTT platforms, commemorating RBI's 90 yrs journey, it said
 "RBI plans five-episode web series to showcase its 90-yr journey, functions")
Shriram Group gets RBI nod to venture into asset reconstruction biz
The conglomerate announced last year it would enter ARC and wealth management businesses
 "Shriram Group gets RBI nod to venture into asset reconstruction biz")
RBI slaps fine of Rs 2.4 crore on Visa for unauthorised payment method
The central bank has aimed to tighten scrutiny of the processes followed by financial technology, or fintech, companies
RBI's draft LCR norms: Banks likely to see 4-11% impact on earnings
According to analysts, banks with an LCR exceeding 130 per cent are relatively comfortable, though not many lenders boast such robust ratios
 "RBI's draft LCR norms: Banks likely to see 4-11% impact on earnings")
Reserve Bank of India releases PCA framework for urban cooperative banks
The new framework will be applicable to UCBs with deposits above Rs 100 crore
Rupee falls to new low on oil importers' dollar demand, weak risk appetite
The rupee remained under pressure during the week due to persistent outflows from domestic equities, said dealers
 "Rupee falls to new low on oil importers' dollar demand, weak risk appetite")
RBI Recruitment alert 2024: Registration begins for 94 posts, check process
RBI started the registration process for Grade B officers' posts. The vacancy aims to fill 94 positions. Interested candidates can apply through the official website, i.e., rbi.org.in
RBI's proposed liquidity norms expected to raise demand for bonds
The new norms will pose requirements for higher liquid assets for the banks to shore up their LCRs
 "RBI's proposed liquidity norms expected to raise demand for bonds")
RBI proposes to tighten banks' LCR norms, releases draft guidelines
Additional 5% 'run-off' factor imposed on retail deposits in view of proliferation of digital banking
 "RBI proposes to tighten banks' LCR norms, releases draft guidelines")
Budget: TDS on income from G-sec unlikely to impact retail participation
In the Union Budget for the previous financial year 2023-24, it was announced that a 10 per cent TDS on interest payments would be applied to listed bonds (debentures) starting April 1, 2023
 "Budget: TDS on income from G-sec unlikely to impact retail participation")
India's financial system looks stronger than in the past: RBI dy guv Rao
He further said the Indian banking sector, in particular, has demonstrated significant improvement in key metrics such as capital adequacy, asset quality, and profitability
 "India's financial system looks stronger than in the past: RBI dy guv Rao")
RBI drafts liquidity norms, adding buffers for electronic fund transfers
It added that unsecured wholesale funding provided by non-financial small business customers shall be treated in accordance with the treatment of retail deposits
 "RBI drafts liquidity norms, adding buffers for electronic fund transfers")
RBI tightens domestic transfer rules: KYC must for walk- in money transfer
Remitting bank shall obtain and keep a record of the name and address of beneficiary, according to new norms
India needs to monetise assets to support spending, says JPMorgan
The federal budget released Tuesday targeted a smaller fiscal deficit for this year on the back of a record dividend from the Reserve Bank of India
 "India needs to monetise assets to support spending, says JPMorgan")
Union Budget 2024: Revenue expenditure raised, capex remains untouched
Allocations for Andhra Pradesh and Bihar, but financial implication unclear
 "Union Budget 2024: Revenue expenditure raised, capex remains untouched")
RBI dy guv flags risks in digital outsourcing for financial companies
'Inadequate management' of such relationships can expose regulated entities to reputational damage, says M Rajeshwar Rao
 "RBI dy guv flags risks in digital outsourcing for financial companies")