Page 97 - Latest Updates on Reserve Bank of India
RBI monetary policy: 5 key announcements from the governor's speech today
RBI monetary policy: Central bank raised the UPI payment limits for hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh per transaction
 "RBI monetary policy: 5 key announcements from the governor's speech today")
RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%
RBI MPC: Reserve Bank's Monetary Policy Committee decides to keep the repo rate unchanged at 6.5% and also keeps the FY24 inflation forecast unchanged at 5.4%
 "RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%")
RBI monetary policy announcement: When, where to watch and what to expect?
RBI MPC meeting: The meeting of the six-member committee started on December 6 in Mumbai and will end with the announcement of Governor Shaktikanta Das on December 8
 "RBI monetary policy announcement: When, where to watch and what to expect?")
RBI to regulate entities facilitating cross-border payment transactions
RBI has decided to regulate entities facilitating payment and settlement for online cross transactions as Payment Aggregators Cross Border (PA-CB) under the Payment and Settlement Systems Act
 "RBI to regulate entities facilitating cross-border payment transactions")
Safety, a cost and an opportunity
If safety standards are raised carefully, not only will the public become safer, but the GDP can also grow a little faster
 "Safety, a cost and an opportunity")
Govt bond yields dip marginally tracking US peers, RBI policy stays key
The Reserve Bank of India (RBI) is expected to hold rates at 6.50% for a fifth consecutive meeting at its monetary policy meeting on Friday, according to a Reuters poll
RBI's MPC meet begins amid expectations of status quo on interest rate
RBI left the benchmark policy rate (repo) unchanged in its past four bi-monthly monetary policies. It had last increased the repo rate in February to 6.5 per cent
 "RBI's MPC meet begins amid expectations of status quo on interest rate")
Peer-to-peer (P2P) lending: What is it, and who regulates it in India?
Peer-to-peer (P2P) lending is the practice of lending money to individuals or businesses through online services that match lenders with borrowers
 "Peer-to-peer (P2P) lending: What is it, and who regulates it in India?")
Murky use of private credit funds may invite harsh regulatory scrutiny
Investors who pooled money were issued senior securities, earning them interest
 "Murky use of private credit funds may invite harsh regulatory scrutiny")
ESMA in 'active' talks with RBI to resolve Clearing Corporation impasse
After the global financial crisis of 2008, the European Union in 2012 had adopted new market infrastructure regulations in order to strengthen and safeguard systems
 "ESMA in 'active' talks with RBI to resolve Clearing Corporation impasse")
Rupee settles at record closing low of 83.39 against the US dollar
The Dollar Index, which measures the strength of the greenback against a basket of six major currencies, rose to 103.65, against 103.31 on Monday
 "Rupee settles at record closing low of 83.39 against the US dollar")
Wait and watch
Food prices will remain a risk for the MPC
Growth momentum continues, but private consumption and capex weak
Momentum may not sustain into next year; policymakers should stay vigilant and build buffers
 "Growth momentum continues, but private consumption and capex weak")
MPC likely to hold repo rate for fifth time in a row, shows BS poll
Likely to revise FY24 growth forecast upward
India's services exports rise 10.8% to $28.03 bn in Oct, imports fall 0.4%
Data released by the government last month showed services exports in October were $28.70 billion, while imports were $14.32 billion
 "India's services exports rise 10.8% to $28.03 bn in Oct, imports fall 0.4%")
RBI, Bank of England sign agreement to exchange information on CCIL
The MoU also demonstrates the importance of cross-border cooperation to facilitate international clearing activities and the BoE's commitment to deference to other regulators' regimes
 "RBI, Bank of England sign agreement to exchange information on CCIL")
97.26% Rs 2000 banknotes returned to RBI; circulation down to Rs 9,760 cr
In May the circulation of the Rs 2,000 banknote amounted to Rs 3.56 trillion, this has now gone to Rs 9,760 cr as of November 30
 "97.26% Rs 2000 banknotes returned to RBI; circulation down to Rs 9,760 cr")
Bank holidays in December: Banks to remain closed for 18 days; check list
Bank Holidays in December 2023: Banks in India will remain closed for 18 days next month
 "Bank holidays in December: Banks to remain closed for 18 days; check list")
Bank credit to industry decelerates to 5.4% in October, reveals RBI data
The data also revealed that credit growth to agriculture and allied activities improved to 17.5 per cent (year-on-year) in October 2023 from 13.8 per cent a year ago
Momentum continues
Low nominal growth can pose challenges
 "Momentum continues")