Page 88 - Latest Updates on Reserve Bank of India
Amid RBI's clampdown, EPFO to halt Paytm Payments Bank linked claims
Paytm crisis: The Employees' Provident Fund Organisation will stop accepting claims made via the Paytm Payments Bank accounts from February 23
 "Amid RBI's clampdown, EPFO to halt Paytm Payments Bank linked claims")
RBI to meet NHAI, NPCI to discuss rescue plan for Paytm PB users: Report
NPCI oversees the United Payments Interface payments, and NHAI operates the FASTag service
 "RBI to meet NHAI, NPCI to discuss rescue plan for Paytm PB users: Report")
India inflation likely cooled to 3-month low in January, shows survey
Inflation will average 5.4% this fiscal year and 4.7% in the next, a separate Reuters poll showed, close to the RBI's forecasts of 5.4% and 4.5%
 "India inflation likely cooled to 3-month low in January, shows survey")
Sensex, Nifty dip 1% as RBI keeps repo rates unchanged for the sixth time
RBI Governor Shaktikanta Das said that it was premature to talk about rate cuts until there's evidence inflation will be kept firmly around the target level
 "Sensex, Nifty dip 1% as RBI keeps repo rates unchanged for the sixth time")
NPCI appoints Ajay Kumar Choudhary as non-executive chairman of board
Choudhary succeeds Biswamohan Mahapatra who was appointed non-executive chairman in 2018
 "NPCI appoints Ajay Kumar Choudhary as non-executive chairman of board")
RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%
RBI policy meet: The RBI MPC has also decided to keep its stance of 'withdrawal of accommodation' unchanged
 "RBI MPC: Repo rate kept at 6.5%; Q4FY24 inflation forecast lowered to 5%")
RBI press conference LIVE: It is supervisory action on Paytm, says Guv Das
RBI MPC Meeting Live Updates: RBI's MPC which began on February 6 has concluded today. The Central bank's MPC has decided to keep the repo rate unchanged at 6.5%. Catch all updates here
 "RBI press conference LIVE: It is supervisory action on Paytm, says Guv Das")
RBI to introduce offline digital rupee transactions soon: Governor Das
RBI launched a pilot of the retail CBDC in December 2022 and achieved the target of having 1 million transactions a day in December 2023
 "RBI to introduce offline digital rupee transactions soon: Governor Das")
HDFC Bank, Axis Bank: Why banks have taken a beating post the RBI policy?
A status quo on interest rate meant lenders may have to either hold or raise rates further in a bid to mobilise higher deposits
 "HDFC Bank, Axis Bank: Why banks have taken a beating post the RBI policy?")
RBI holds policy rates, stance unchanged over inflation concerns
'Imperative for monetary policy to actively pursue disinflation to anchor inflation expectations,' says Shaktikanta Das
 "RBI holds policy rates, stance unchanged over inflation concerns")
RBI MPC today: When, where to watch address of Guv Das and what to expect
RBI monetary policy time: The MPC decision will be announced by Shaktikanta Das at 10 am on Thursday
Stocks to Watch today, Feb 8: Banks, Auto, Zomato, Adani Ports, LIC, TCP
Stocks to Watch on Thursday, February 8: Shares of banking and finance, auto, housing, and real estate will be in focus as the Reserve Bank of India is set to announce the decision of it's MPC meeting
 "Stocks to Watch today, Feb 8: Banks, Auto, Zomato, Adani Ports, LIC, TCP")
Several startups get RBI approval to operate as payment aggregators
According to industry insiders, several such applications are currently being processed by the RBI and more startups are expected to get approvals in the coming months
 "Several startups get RBI approval to operate as payment aggregators")
We hope frictionless credit scale up to digital infrastructure: P Vasudevan
In the future, he noted that the central bank aims to include both banks and non-banks gradually into the platform for their loan journey
 "We hope frictionless credit scale up to digital infrastructure: P Vasudevan")
RBI allows HDFC Bank group to buy up to 9.5% stake in ICICI Bank, 5 others
The group will also acquire stakes in Axis Bank, YES Bank Suryoday Small Finance Bank, IndusInd Bank, and Bandhan Bank
 "RBI allows HDFC Bank group to buy up to 9.5% stake in ICICI Bank, 5 others")
PhonePe adds former revenue secretary, 2 Walmart executives to its board
The strengthening of PhonePe's board comes at a time when the government is tightening the regulatory framework. PhonePe's rival Paytm is already facing multiple issues
 "PhonePe adds former revenue secretary, 2 Walmart executives to its board")
Google removes 2,200 fraudulent loan apps from Play Store: MoS Finance
The Indian Cyber Crime Coordination Centre (I4C), Ministry of Home Affairs (MHA) has been proactively analysing the digital lending apps on a continuous basis, he said
 "Google removes 2,200 fraudulent loan apps from Play Store: MoS Finance")
RBI MPC meet begins: First meet post interim budget 2024; 5 things to know
The RBI MPC meeting will conclude on February 8, following which the RBI Governor Shaktikanta Das will announce the decision of the committee
 "RBI MPC meet begins: First meet post interim budget 2024; 5 things to know")
RBI's liquidity drain signals tight cash conditions may stay: Economists
'April policy would be a better time to take a fresh view on liquidity situation for FY25'
 "RBI's liquidity drain signals tight cash conditions may stay: Economists")
RBI likely to hold rates for a sixth straight meet; statement in focus
Market participants are also hoping for some relief from the RBI on the liquidity front with the system deficit having hit a record high in January