Page 84 - Latest Updates on Reserve Bank of India
RBI declines request to classify HDFC Ltd bonds as infrastructure bonds
HDFC bank had sought the RBI's approval to classify bonds with maturities between 7-10 years, worth around Rs 1.2 trillion, as infrastructure bonds
 "RBI declines request to classify HDFC Ltd bonds as infrastructure bonds")
Loan distribution by FACE members rise by 12.2% to 24.8 mn in Q3FY24
The report added that 12 per cent of loans distributed between April and December 2023 went to women
 "Loan distribution by FACE members rise by 12.2% to 24.8 mn in Q3FY24")
RBI approves re-designation of Manian, Ekambaram of Kotak Mahindra Bank
Kotak Mahindra Bank had announced the reorganisation of its senior management team last month
 "RBI approves re-designation of Manian, Ekambaram of Kotak Mahindra Bank")
Nabard projects Rs 2,43,093 crore credit potential for Bihar in 2024-25
The estimate has been made taking into account the Reserve Bank of India's priority sector-based guidelines
 "Nabard projects Rs 2,43,093 crore credit potential for Bihar in 2024-25")
Inflation still high and focus on minimising risk, says RBI report
Indicates 'significant per capita income shifts' underway
 "Inflation still high and focus on minimising risk, says RBI report")
Net FDI in India down 38.4% in April-January: RBI's March 2024 bulletin
FDI into India is expected to receive a boost from the Trade and Economic Partnership Agreement (TEPA) signed with the European Free Trade Association (EFTA) on 10 March 2024
 "Net FDI in India down 38.4% in April-January: RBI's March 2024 bulletin")
Outward remittances under Reserve Bank of India's LRS up 27% in Apr-Jan
Overseas remittances in January 2024 stood at $2.62 billion, nearly 9 per cent higher than $2.40 billion in December 2023
 "Outward remittances under Reserve Bank of India's LRS up 27% in Apr-Jan")
Indian govt bond yield at more than two-week high as US peers jump
The rise in yields is fuelled by indications of a robust economy and elevated inflationary pressures
 "Indian govt bond yield at more than two-week high as US peers jump")
All that glitters is not gold for Reserve Bank & FinMin
Rightly so. Since November 1962, there have been many attempts to monetise gold. It's finally happening, but we must look for sustainable growth
 "All that glitters is not gold for Reserve Bank & FinMin")
RBI governor asks regulated entities to improve grievance redress mechanism
RBI had established an Internal Ombudsman (IO) Mechanism in regulated entities to bolster their internal grievance redress processes
 "RBI governor asks regulated entities to improve grievance redress mechanism")
Forex reserves surge by over $10 billion to hit over two-year high
The dollar index fell to around 102 at the end of the week, down from 103 at the start of the week
 "Forex reserves surge by over $10 billion to hit over two-year high")
India's forex kitty expands $10.47 billion to $636.095 billion: RBI data
In October 2021, the country's forex kitty had reached an all-time high of USD 645 billion
 "India's forex kitty expands $10.47 billion to $636.095 billion: RBI data")
RBI reconstitutes 'committee of advisors' of Abhyudaya Cooperative Bank
In November last year, RBI had superseded the Board of Directors of Abhyudaya Cooperative Bank for one year citing poor governance standards
 "RBI reconstitutes 'committee of advisors' of Abhyudaya Cooperative Bank")
RBI holds overnight VRRR auction to suck out banking system liquidity
The surplus liquidity in the banking system stood at Rs 13,377 crore on Wednesday, against Rs 4,356 crore on Tuesday, according to the latest data by RBI
 "RBI holds overnight VRRR auction to suck out banking system liquidity")
Addressing grievances
RBI should focus more on spreading financial awareness
 "Addressing grievances")
Government allows RBI to import gold without paying import levies
As of September 2023, the Reserve Bank of India held 800.79 metric tonnes of gold, including gold deposits of 39.89 tonnes
Best of BS opinion: External stability, kudos to Mint Street & more
Here is the best of Business Standard's opinion pieces for today
 "Best of BS opinion: External stability, kudos to Mint Street & more")
Kudos to Mint Street mandarins
RBI's adept role in India's recovery deserves greater recognition
External stability
New challenges can emerge in currency management
 "External stability")
CPI-based inflation eases to 5.09% in Feb; Jan IIP growth at 3.8%
Food and beverage recorded an inflation of 8.66 per cent vs 8.3 per cent in January 2024
 "CPI-based inflation eases to 5.09% in Feb; Jan IIP growth at 3.8%")