Page 190 - Latest Updates on Reserve Bank of India
Most e-lending apps not registered with RBI: Governor Shaktikanta Das
The RBI website has a list of apps that are registered with it on the website, the governor said
 "Most e-lending apps not registered with RBI: Governor Shaktikanta Das")
Policy signals calibrated tightening
During the gradual transition to a neutral stance, maybe over the next couple of months, liquidity management will play an important role in transitioning the WACR closer to the repo rate
RBI monetary policy: Missing inflation mandate now a 'fait accompli'
Consumer price index-based inflation, the yardstick of the RBI in monetary policy making, was, on average, above 6 per cent during the January-March quarter
 "RBI monetary policy: Missing inflation mandate now a 'fait accompli'")
RBI allows credit cards to be linked to UPI; marks shift from 'pay now'
Initially, home-grown card network Rupay Credit cards will be linked with UPI
 "RBI allows credit cards to be linked to UPI; marks shift from 'pay now'")
RBI ups limits on housing loans from co-op banks, backs affordable housing
The RBI monetary policy committee, in its policy review, decided to permit the rural cooperative banks (RCBs) to finance residential real estate projects
 "RBI ups limits on housing loans from co-op banks, backs affordable housing")
India prepared to deal with global macroeconomic challenges: CEA
Asserts country's fundamentals are strong, govt and RBI will meet challenges with 'flexible and adroit' policymaking
 "India prepared to deal with global macroeconomic challenges: CEA")
RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%
The repo rate before the pandemic came was 5.15%
 "RBI raises repo rate by 50 bps to tame prices; pegs FY23 GDP growth at 7.2%")
Hardening yields to buoy debt MFs, experts recommend short-term maturities
Given the risk of high inflation, bond yields can harden further. However, current rates are attractive and provide good scope to start nibbling, say experts
 "Hardening yields to buoy debt MFs, experts recommend short-term maturities")
India Inc's earnings may take a hit in coming quarters as rates rise
Listed non-financial firms had saved nearly Rs 1 trn because of decline in interest rates in FY21, FY22
 "India Inc's earnings may take a hit in coming quarters as rates rise")
Benchmark indices decline for fourth day as RBI hikes policy rate by 50 bps
The Sensex closed at 54,892, with a decline of 215 points, or 0.4 per cent, and the Nifty finished at 16,356, with a drop of 60 points, or 0.3 per cent
 "Benchmark indices decline for fourth day as RBI hikes policy rate by 50 bps")
Macroeconomic adjustment
Risks for growth and asset prices have increased
 "Macroeconomic adjustment")
Builders expect slowdown in housing demand in short-term on RBI's rate hike
The RBI on Wednesday hiked the key benchmark rate by 50 basis points
 "Builders expect slowdown in housing demand in short-term on RBI's rate hike")
EMIs to rise as RBI hikes repo rate by 50 bps, signals more increase
The increase in lending rate or the repurchase rate (repo) by 50 bps -- the biggest in more than a decade -- to 4.90 per cent comes on the back of a 40 bps hike last month
RBI allows credit cards to be linked with UPI platform; to start with RuPay
At the RBI policy announcement, Governor Das said that the new arrangement is expected to provide more avenues and convenience to the customers in making payments through the UPI platform
 "RBI allows credit cards to be linked with UPI platform; to start with RuPay")
RBI bats for cut in state taxes on petrol, diesel to ease inflation
Further reduction of State VATs on petrol and diesel across the country can certainly contribute to softening of the inflationary pressures as well as expectations: Shaktikanta Das
 "RBI bats for cut in state taxes on petrol, diesel to ease inflation")
No sign of overcapacity yet as global commodity prices come off peaks
The exception is energy, which isn't dictated by liquidity conditions, but by decisions of the Opec-plus cartel, where plenty of other factors come into play
 "No sign of overcapacity yet as global commodity prices come off peaks")
RBI monetary policy review: Direction for repo rate is clearly northwards
The MPC pitched for a high number of 50 bps, which is significant because if combined with the inflation forecast, it indicates that more hikes are coming
 "RBI monetary policy review: Direction for repo rate is clearly northwards")
Analysts see RBI taking policy rates well above pre-pandemic levels by Mar
Citing the aggressive wording to tame inflation, analysts expect the Reserve Bank to deliver more rate hikes during the current fiscal and take key policy rates to well above the pre-pandemic levels
 "Analysts see RBI taking policy rates well above pre-pandemic levels by Mar")
RBI monetary policy: Ladder your FDs and benefit from higher rates later
Home loan borrowers must pre-pay to prevent their loan tenures from rising
 "RBI monetary policy: Ladder your FDs and benefit from higher rates later")
RBI policy: From rate hike to inflation worries, here are 5 key takeaways
The RBI governor announced a second consecutive hike in policy rates and highlighted geopolitical risks. Here are the highlights.