Page 85 - Latest Updates on Reserve Bank of India
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%")
14 states, union territories raise Rs 35,544 crore at weekly bond auction
Amount higher than scheduled figure of Rs 32,532 crore, a first in seven weeks
 "14 states, union territories raise Rs 35,544 crore at weekly bond auction")
As Rupee appreciates, importers take advantage of unexpected up move
The rupee has been in a narrow 3 paisa range, having reached a more than six-month high on Monday
 "As Rupee appreciates, importers take advantage of unexpected up move")
Sebi mandates registration of index providers under regulatory fold
Mandates registration of index providers managing 'significant indices' based on securities listed in India
 "Sebi mandates registration of index providers under regulatory fold")
Forex reserves kitty jumps $6.55 billion to $625.63 billion: RBI data
Gold reserves increased by USD 569 million to USD 48.417 billion during the week, the RBI said
 "Forex reserves kitty jumps $6.55 billion to $625.63 billion: RBI data")
RBI, Bank Indonesia agree to use local currencies for bilateral trade
This framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn would enable the development of an INR-IDR foreign exchange market
 "RBI, Bank Indonesia agree to use local currencies for bilateral trade")
Banks must give customers choice to select credit card network: RBI
Some arrangements between card networks and issuers are 'not conducive' for customers, it says
 "Banks must give customers choice to select credit card network: RBI")
Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support
NBFC's stock falls another 20% after RBI bars it from disbursing gold loans
 "Fairfax India agrees to give IIFL Finance up to $200 mn liquidity support")
8 NBFCs to raise $2 bn through ECB after positive outlook for Indian firms
Overseas borrowing by Indian corporates and high-rated non-banking financial companies (NBFCs) is likely to grow as hedging costs are low and there is a softening bias of global interest rates
 "8 NBFCs to raise $2 bn through ECB after positive outlook for Indian firms")
No deficiencies in unit's loan sanctioning after RBI's action: JM Financial
The RBI reviewed the company's books, which showed it had repeatedly helped a group of its customers to bid for various IPO and non-convertible debenture offerings by using loaned funds
 "No deficiencies in unit's loan sanctioning after RBI's action: JM Financial")
RBI directs credit card issuers to give users choice of other networks
RBI on Wednesday said issuers of credit cards shall not enter into any arrangement or agreement with card networks that restrain customers from availing the services of other networks
 "RBI directs credit card issuers to give users choice of other networks")
Will JM Financial shares go the IIFL Finance way on Wednesday?
The Reserve Bank of India (RBI) has barred JM Financial Products Ltd (JMFPL) from giving loans against shares and debentures
 "Will JM Financial shares go the IIFL Finance way on Wednesday?")
Taking steps to meet RBI's concern: IIFL Fin after ban on giving gold loans
Company has enough liquidity and there is no governance at play, says NBFC's managing director
RBI bars JM Financial from financing against debentures and shares
Flags governance concerns; Order special audit
 "RBI bars JM Financial from financing against debentures and shares")
More than 2,500 fraud connections being cut daily, say DoT officials
DoT working on grievance redress portal
 "More than 2,500 fraud connections being cut daily, say DoT officials")
Banking system liquidity goes into surplus mode after three months
VRRR auction gets weak response
 "Banking system liquidity goes into surplus mode after three months")
Depositors can claim their unclaimed amount refund from DEA Fund
However, if the deposit amount is above the insurance coverage of DICGC, then the liquidator can claim the amount only on a reimbursement basis
 "Depositors can claim their unclaimed amount refund from DEA Fund")
India, Indonesia bright spots for investment opportunities: BlackRock
US investment firm BlackRock sees India and Indonesia as two Asia-Pacific countries offering a lot of investment opportunities, its head of research for the region said on Tuesday
 "India, Indonesia bright spots for investment opportunities: BlackRock")
Infibeam Avenues gets RBI's authorisation for payment aggregator licence
The company said that after receiving the in-principle approval from the RBI to operate as a payment aggregator in October 2022, the company received the final authorisation on March 4
 "Infibeam Avenues gets RBI's authorisation for payment aggregator licence")
RBI prohibits IIFL Finance from sanctioning, disbursing gold loans
The Reserve Bank on Monday barred IIFL Finance with immediate effect from sanctioning or disbursing gold loans after certain material supervisory concerns were observed in its gold loan portfolio.
 "RBI prohibits IIFL Finance from sanctioning, disbursing gold loans")