Page 99 - Latest Updates on Reserve Bank of India
One-year overnight swap hints domestic interest rates may be peaking
The market sees the recent decline in swap rates as reflecting a diminishing concern about an impending effective rate hike in India
 "One-year overnight swap hints domestic interest rates may be peaking")
Meeting the deficit target
The pressure to rein in capital expenditure and collect more tax revenue may increase
 "Meeting the deficit target")
Higher risk weight on unsecured bank loans credit positive: Moody's
The Reserve Bank last week raised risk weights on unsecured retail loans, credit cards and lending to non-banking finance companies (NBFCs) by 25 percentage points
 "Higher risk weight on unsecured bank loans credit positive: Moody's")
No-cost, longer-tenure EMIs gain traction, drive consumer product sales
Notably, to address the concern of the rapid rise in unsecured consumer loans, the RBI increased the risk weight on consumer credit
 "No-cost, longer-tenure EMIs gain traction, drive consumer product sales")
Former RBI Governor S Venkitaramanan passes away at 92 after short illness
Venkitaramanan was born in Nagercoil, part of the Padmanathapuram division of the princely state of Travancore
 "Former RBI Governor S Venkitaramanan passes away at 92 after short illness")
Financial stocks feel the pinch of RBI loan stance; Sensex falls 188 points
Sensex, Nifty decline intraday but finish with gains for a third week in a row
 "Financial stocks feel the pinch of RBI loan stance; Sensex falls 188 points")
Reduced risk of data breach the main benefit of tokenisation: Visa
A tokenised card transaction is safe as the card details are not shared with anyone, including the merchant, during the processing of a transaction
 "Reduced risk of data breach the main benefit of tokenisation: Visa")
Bajaj Finance temporarily halts issuance of EMI Cards to new customers
The company continues to offer financing to new and existing customers at dealer stores in the normal course of business
 "Bajaj Finance temporarily halts issuance of EMI Cards to new customers")
Transmission remains incomplete amid calibrated liquidity management: RBI
However, the increase in term deposit rates in the current tightening cycle has exceeded that in lending rates, the report said
 "Transmission remains incomplete amid calibrated liquidity management: RBI")
Food inflation sole threat to 4% CPI target: RBI 'State of Economy' report
The headline inflation had risen to a 15-month high of 7.44 per cent in July due to a surge in retail prices of vegetables, particularly tomatoes
 "Food inflation sole threat to 4% CPI target: RBI 'State of Economy' report")
eCOM, Insta EMI Card ban may hit Bajaj Finance for 1-2 qtrs: Analysts
Following the development, shares of Bajaj Finance tumbled 4 per cent in the intraday trade, before recouping losses to end 1.9 per cent higher at Rs 7,366 per share
Festive demand ebullient, but miles to go on inflation front: RBI bulletin
High-frequency food price data for this month up to Nov. 13 indicates that cereal and pulse prices have increased further, while edible oil prices continued to decline, the RBI said
 "Festive demand ebullient, but miles to go on inflation front: RBI bulletin")
Samvat 2080: Start of a new year signals better prospects for bonds, rupee
Foreign inflows expected after index inclusion; rate cuts on the horizon
 "Samvat 2080: Start of a new year signals better prospects for bonds, rupee")
India's outward FDI falls 12.14% to $1.88 bn in October: RBI data
A slowdown in economic and business activities, especially in developed markets, has impacted direct investment flows, both inbound and outbound
 "India's outward FDI falls 12.14% to $1.88 bn in October: RBI data")
Tax mop-up to digital infra, many positives to cheer up Diwali
The tax collections, and even the non-tax revenues are quite strong, giving the central and state governments more money to spend on infrastructure and social sector projects
 "Tax mop-up to digital infra, many positives to cheer up Diwali")
Burmans write to Sebi seeking probe into Religare share sale by chairperson
The Burman family has written to the Securities and Exchange Board of India, seeking a probe into trades in the shares of the Religare Enterprises Ltd by chairperson Rashmi Saluja
 "Burmans write to Sebi seeking probe into Religare share sale by chairperson")
India vulnerable to recurring food price shocks, says RBI Governor Das
The RBI's rate-setting panel has raised the repo rate by 250 basis points cumulatively between May 2022 and February 2023 to manage inflation expectations
 "India vulnerable to recurring food price shocks, says RBI Governor Das")
Emerging resilience
Domestic policies have helped emerging-market economies
 "Emerging resilience")
India vulnerable to recurring, overlapping food price shocks: RBI Guv Das
India's retail inflation eased to a three-month low of 5.02 per cent in September on the back of softer vegetable prices, but remained above the RBI's 4 per cent target
 "India vulnerable to recurring, overlapping food price shocks: RBI Guv Das")
FY24 sovereign green bonds for investments by NRI added to FAR list
The government plans to borrow Rs. 20,000 crore through green bonds in the current financial year