Page 69 - Latest Updates on Reserve Bank of India
Uncertainty in garment sector amid Bangladesh crisis, normalcy soon: FM
FM Sitharaman addresses concerns over garment sector investments in Bangladesh and urges banks to boost deposit mobilisation amidst rising economic challenges
 "Uncertainty in garment sector amid Bangladesh crisis, normalcy soon: FM")
Sovereign green bonds trading at IFSC to start in 2nd half of FY25: RBI Guv
The government has been raising funds through green bonds since 2022-23 and has raised a total of Rs 36,000 crore in the last two years
 "Sovereign green bonds trading at IFSC to start in 2nd half of FY25: RBI Guv")
Look to resolve issues with deposit growth: HDFC Bank's Atanu Chakraborty
Says focused on creating personalised experience for customers
 "Look to resolve issues with deposit growth: HDFC Bank's Atanu Chakraborty")
US recession fears hyped, but any slowdown may impact India's economy
The US economy expanded 2.8 per cent in the second quarter and 1.4 per cent in the first quarter of 2024
 "US recession fears hyped, but any slowdown may impact India's economy")
Need enabling framework for ESG bond issuances in India, says RBI
Dimple Bhandia highlighted that the credit derivatives market has been another area that has struggled to take off
 "Need enabling framework for ESG bond issuances in India, says RBI")
Need enabling framework to help cos issue ESG bonds locally: RBI official
Another disappointment has been the 'non-starter' credit derivatives market, Dimple Bhandia, the chief general manager in RBI said, recalling that very limited number of trades have taken place in it
 "Need enabling framework to help cos issue ESG bonds locally: RBI official")
Govt tables banking laws bill in LS, seeks to raise nominees per a/c to 4
Another proposed change relates to redefining 'substantial interest' for directorships, which could increase to Rs 2 crore instead of the current limit of Rs 5 lakh, which was fixed almost six decades
 "Govt tables banking laws bill in LS, seeks to raise nominees per a/c to 4")
Keep bulk of your portfolio in short- to medium-duration debt funds
The Reserve Bank of India (RBI), too, left the benchmark repo rate unchanged at 6.5 per cent and kept the policy stance unchanged on Thursday
 "Keep bulk of your portfolio in short- to medium-duration debt funds")
RBI expected to step up intervention if the rupee touches 84 level
Indian currency tested a series of record lows in recent days but stopped short of crossing that key level
 "RBI expected to step up intervention if the rupee touches 84 level")
RBI monetary policy review: Hawks rule over doves
Credit growth needs to be moderated, and the RBI has been taking steps to reduce banks' exposure to unsecured lending.
Monetary policy review: FPI investment limit in OIS market under review
Patra says exclusion of new 14/30-yr G-sec from FAR to boost 5/10-yr bond demand
 "Monetary policy review: FPI investment limit in OIS market under review")
Continuous clearing of cheques to speed up payments, enhance efficiency
The cheques will be scanned, presented, and passed in a few hours and on a continuous basis during business hours
 "Continuous clearing of cheques to speed up payments, enhance efficiency")
New UPI feature to allow multiple users to use one account for transactions
RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction
 "New UPI feature to allow multiple users to use one account for transactions")
RBI status quo on interest rates to boost demand for realty sector: CEOs
The real estate industry experts are expecting the move to continue the growth momentum in the sector
 "RBI status quo on interest rates to boost demand for realty sector: CEOs")
RBI mandates fortnightly credit information reporting to boost transparency
Credit institutions (CIs) are required to report the credit information of their borrowers to credit information companies
Is the US heading towards recession? What RBI Governor Shaktikanta Das said
The RBI MPC on Thursday decided to keep its repo rate unchanged at 6.5 per cent for the ninth consecutive time, RBI Governor Shaktikanta Das announced
 "Is the US heading towards recession? What RBI Governor Shaktikanta Das said")
RBI MPC Meet: Repo rate unchanged at 6.5%, check GDP, CPI projections here
The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged with a majority of 4-2
 "RBI MPC Meet: Repo rate unchanged at 6.5%, check GDP, CPI projections here")
RBI MPC maintains FY25 inflation forecast, food prices remain a challenge
With food inflation contributing over 75 per cent to headline inflation in May and June and making up 46 per cent of the CPI basket, vegetable prices accounted for 35 per cent of June's inflation
 "RBI MPC maintains FY25 inflation forecast, food prices remain a challenge")
Explained: RBI focus on food inflation, what MPC policy means for markets?
Why stock market, Sensex, Nifty fell after RBI policy: RBI governor Shaktikanta Das emphasised on food inflation and said food prices have remained elevated for too long
 "Explained: RBI focus on food inflation, what MPC policy means for markets?")
RBI MPC policy: Repo rate in focus; what factors may influence decision?
RBI MPC policy meet: The Reserve Bank of India (RBI) is expected to hold the rate at 6.5 per cent again amid inflationary pressures. However, a cut may be possible going ahead
 "RBI MPC policy: Repo rate in focus; what factors may influence decision?")