Page 77 - Latest Updates on Reserve Bank of India
RBI project finance norms: Will absorb additional provision, says SBI chief
Provision buffer of Rs 33, 000 crore sufficient for ECL norms
 "RBI project finance norms: Will absorb additional provision, says SBI chief")
RBI's advisory will not affect Manappuram's business, says MD & CEO
The RBI recently advised NBFCs extending gold loans not to lend in cash exceeding Rs 20,000, citing the Income Tax Act
 "RBI's advisory will not affect Manappuram's business, says MD & CEO")
Reserve Bank of India repurchases govt bonds worth Rs 10,512 crore
Most of the funds were picked up by state-owned banks and insurance companies, said market participants
 "Reserve Bank of India repurchases govt bonds worth Rs 10,512 crore")
Muthoot, Manappuram Finance tank up to 9% on RBI's cash disbursal advisory
According to reports, the RBI has said no gold loan NBFC should disburse loan amount in excess of Rs 20,000 in cash
 "Muthoot, Manappuram Finance tank up to 9% on RBI's cash disbursal advisory")
Consumer price inflation likely slipped in April, food inflation sticky
V Anantha Nageswaran, the government's chief economic adviser, said on Wednesday the Indian economy was better placed than before to pursue 'non-inflationary' growth
 "Consumer price inflation likely slipped in April, food inflation sticky")
FinMin to discuss RBI's draft project financing norms with banks, IBA
The official said banks will assess the impact of the draft rules on their balance sheets and can approach the RBI based on their assessment
 "FinMin to discuss RBI's draft project financing norms with banks, IBA")
RBI governor discusses ways to scale up UPI ecosystem with stakeholders
The meeting was attended by banks, the National Payments Corporation of India (NPCI), third-party application providers, and technology service providers
 "RBI governor discusses ways to scale up UPI ecosystem with stakeholders")
RBI asks NBFCs not to lend more than Rs 20,000 in cash for gold loan
NBFCs are required to maintain a Loan-to-Value (LTV) ratio not exceeding 75 per cent for loans granted against the collateral of gold jewellery
 "RBI asks NBFCs not to lend more than Rs 20,000 in cash for gold loan")
Leading refiner, that brings in up to 20% gold, starts trading on India INX
This suggests that India INX, set up at GIFT City (Gujarat International Finance Tec-City), is becoming the main place for Indian jewellers and gold importers to hedge against the risk in gold prices
 "Leading refiner, that brings in up to 20% gold, starts trading on India INX")
Need to reform, reinvent civil services: Former RBI Governor D Subbarao
'I firmly believe that a country of our size and diversity still needs a generalist service like the IAS but the service needs to be reformed, and even reinvented, in many ways
 "Need to reform, reinvent civil services: Former RBI Governor D Subbarao")
RBI to make digital currency available offline, says Governor Das
India is one of the few economies to experiment with a digital currency backed by a central bank, even as developed nations tread cautiously
 "RBI to make digital currency available offline, says Governor Das")
Bond buyback signals RBI's easing stance, may switch to neutral, says Citi
While liquidity tightness was not acute in April and overnight rates had not hit the MSF ceiling, the RBI probably anticipated election-related constraints on govt spending could tighten liquidity
 "Bond buyback signals RBI's easing stance, may switch to neutral, says Citi")
Highlights of the day: Paytm President and COO Bhavesh Gupta tenders resignation
From Uddhav Thackrey's attacks on BJP, to Air India's decision to resume its flights between Delhi and Tel Aviv, catch all the latest news here
 "Highlights of the day: Paytm President and COO Bhavesh Gupta tenders resignation")
RBI approves appointment of Sanjeev Nautiyal as MD&CEO of Ujjivan SFB
Third CEO in five years; current CEO Davis to be relieved early
 "RBI approves appointment of Sanjeev Nautiyal as MD&CEO of Ujjivan SFB")
RBI allows standalone primary dealers to borrow in foreign currency
May access overdraft facilities in nostro accounts solely for operational use
 "RBI allows standalone primary dealers to borrow in foreign currency")
Have some risk appetite? Invest in highly rated company fixed deposits
While they offer higher returns than bank FDs, they are not protected by deposit insurance
 "Have some risk appetite? Invest in highly rated company fixed deposits")
Bajaj Finance jumps 8% intraday after RBI lifts ban on eCOM, Insta EMI Card
Bajaj Finance stock price update: This was Bajaj Finance stock's biggest single-day rally in three years
 "Bajaj Finance jumps 8% intraday after RBI lifts ban on eCOM, Insta EMI Card")
Atanu Chakraborty re-appointed HDFC Bank chairman for three years
Atanu Chakraborty is not related to any other directors or key managerial personnel of the bank.
 "Atanu Chakraborty re-appointed HDFC Bank chairman for three years")
RBI revises banks' capital market exposure norms for T+1 settlement
The limit of 30 per cent for risk is based on the assumption of 20 per cent downward price movement of the equities on T+1
 "RBI revises banks' capital market exposure norms for T+1 settlement")
Dollar swap option returns to India after RBI rule change for lenders
The central bank, effective Friday, expanded the range of products banks can offer to eligible corporates, which included swaptions, or an option to enter into an interest rate swap