Page 91 - Latest Updates on Reserve Bank of India
Ahead of index inclusion, top Indian fund managers look to boost inflow
The cohort are betting on inclusion in global bond indexes to drive returns after the central bank doused speculation of an interest-rate cut
 "Ahead of index inclusion, top Indian fund managers look to boost inflow")
Equity markets to have normal trading session on Sat, holiday on Mon
In separate circulars, NSE and BSE said there will be a normal trading session on Saturday
 "Equity markets to have normal trading session on Sat, holiday on Mon")
Ram Temple inauguration: Trading on NSE to remain closed on Jan 22
The Maharashtra government has declared January 22 as a public holiday
 "Ram Temple inauguration: Trading on NSE to remain closed on Jan 22")
Facility to exchange, deposit Rs 2K notes to remain closed on Jan 22: RBI
Public sector banks, insurance companies, financial institutions and regional rural banks (RRBs) across the country will remain closed for half day on January 22
 "Facility to exchange, deposit Rs 2K notes to remain closed on Jan 22: RBI")
RBI announces changes to market timing for January 22. Details here
The Reserve Bank of India (RBI)'s announcement came a day after the Centre announced that all central government offices will be closed for half a day
 "RBI announces changes to market timing for January 22. Details here")
Flows into NRI deposits double to $7.3 bn in April-November 2023
Non-Resident External (NRE) deposits stood at $96.79 billion in November 2023, sequentially up from $96.56 billion in October and $95.31 billion in November 2022
 "Flows into NRI deposits double to $7.3 bn in April-November 2023")
Reserve Bank of India net sells $1.9 billion in November, shows data
The rupee depreciated by 0.17 per cent in November. The RBI's net outstanding forward sales by the end of November stood at $11.9 billion, against $14.6 billion in October
 "Reserve Bank of India net sells $1.9 billion in November, shows data")
India must sustain growth momentum, secure at least 7% growth in FY25: RBI
"In India, potential output is picking up with actual output running above it, although the gap is moderate," the RBI said in an article titled 'State of the Economy'
 "India must sustain growth momentum, secure at least 7% growth in FY25: RBI")
Bond market expects RBI to change policy stance in February review
Continuous VRR indicates accommodative approach on liquidity
State govts may fix 'guarantees' at 5% of revenue, says RBI group
The RBI working group also recommended that besides charging a guarantee fee, states may levy an additional risk premium based on the risk category and the tenor of the underlying loan
 "State govts may fix 'guarantees' at 5% of revenue, says RBI group")
Real, nominal GDP growth, inflation play out differently this time around
This happened because inflation, as viewed by GDP deflators, is expected to be quite lower than initially projected for first time, contrary to what had happened ahead of 3 previous interim Budgets
 "Real, nominal GDP growth, inflation play out differently this time around")
RBI proposes tighter norms for deposit-taking housing finance firms
The central bank has also proposed the ceiling on public deposits held by HFCs be reduced to 1.5 times of net-owned funds from 3 times
 "RBI proposes tighter norms for deposit-taking housing finance firms")
Fitch assigns 'BB(EXP)' rating to Shriram Finance's proposed US bonds issue
'BB(EXP)' rating reflects that an issuer has some risk of default but is still a safer investment compared to others
 "Fitch assigns 'BB(EXP)' rating to Shriram Finance's proposed US bonds issue")
Macro-fundamentals strengthened after facing external shocks: MPC's Ashima
With more and more firms and consumers internalising the inflation target, the economy is likely to approach the Reserve Bank of India's (RBI's) inflation target of 4 per cent this year
Nine states record higher inflation than India average, shows data
While the average Indian consumer's cost of living rose by 5.69 per cent compared to the previous year, it rose 8.73 per cent in Odisha, 7.07 per cent in Gujarat and 6.95 per cent in Rajasthan
 "Nine states record higher inflation than India average, shows data")
P2P lending: Barking up the wrong tree?
Around 15 P2P platforms went live, but one-third of them have shut up shop. Analysts say four of them have more than 90 per cent of the market share
 "P2P lending: Barking up the wrong tree?")
Binance loses India traders to local companies it recently dominated
WazirX and Mudrex estimated that roughly 70% of their fresh inflows came from Binance, while CoinDCX put the figure at around 40%
 "Binance loses India traders to local companies it recently dominated")
Rupee gains 11 paise against the US dollar amid strong FPI inflows
The local currency strengthened for the eighth consecutive trading session on Friday; it touched an intraday high of 82.86 per dollar before settling at 82.92, compared to 83.03 on Thursday
 "Rupee gains 11 paise against the US dollar amid strong FPI inflows")
State Bank of India floats scheme to raise funds for green projects
Besides approaching retail customers, SBI will look at tapping family offices, entities that manage money for high net worth individuals, for garnering green money
 "State Bank of India floats scheme to raise funds for green projects")
Delays in IBC erode value of assets, says RBI governor Shaktikanta Das
Das says cybersecurity threat remains a major challenge
 "Delays in IBC erode value of assets, says RBI governor Shaktikanta Das")