Page 207 - Finance News
There is money coming in: How cash recyclers are set to get a big leg up
Going ahead, a customer can take a wad of notes to a CRM and use UPI to activate the process of depositing it rather than insert their debit card into the slot
 "There is money coming in: How cash recyclers are set to get a big leg up")
Statsguru: The private sector investment cycle shows revival signs
The current uptick is spread out across multiple sectors. There have been a slew of announcements in the past two months, including the ground-breaking for three semiconductor facilities
 "Statsguru: The private sector investment cycle shows revival signs")
How self-regulatory organisations may set their relationship with Mint Road
The risk is that there could be a multiplicity of SROs, leading to pull and push pressures
 "How self-regulatory organisations may set their relationship with Mint Road")
RBI to offer CBDC-R accessible to non-bank payments system operators
Farmers to transact through CBDC-R for inputs, first use case of programmability starts today
 "RBI to offer CBDC-R accessible to non-bank payments system operators")
RBI to launch a mobile app for investing in government securities
The introduction of the app will enhance transparency and streamline the process for retail investors, said market participants
 "RBI to launch a mobile app for investing in government securities")
Monetary policy: Review of liquidity ratio framework for banks on the cards
Securities that are eligible for the statutory liquidity ratio like central and state government bonds are reckoned as HQLA for the purpose of calculating LCR. Banks have to maintain 100 per cent LCR
No change in policy, some 'misusing' currency derivatives norms: RBI
Das reiterated that there have been no changes to RBI's policy, emphasising that the necessity of underlying exposure has always been a fundamental aspect
 "No change in policy, some 'misusing' currency derivatives norms: RBI")
RBI's MPC decision shows resolve to ensure price stability, say experts
As the central bank held key policy rates steady, the EMIs on home and auto loans are likely to remain stable for some more time
 "RBI's MPC decision shows resolve to ensure price stability, say experts")
CBDC transaction volumes decline after hitting 1,000,000: RBI dy guv
The overall number of transactions has touched 22 million since the launch of the CBDC pilot on December 1, 2022, Sankar said, adding that the number of participants in the pilot stands at 5 million
 "CBDC transaction volumes decline after hitting 1,000,000: RBI dy guv")
RBI turns down request to remove 'small finance' tag from bank name
Retaining it crucial given mandate for financial inclusion
 "RBI turns down request to remove 'small finance' tag from bank name")
RBI to release final framework for fintech SROs by April-end: Governor Das
Das said the banking regulator was working towards operationalising one SRO for fintechs by the Global Fintech Festival (GFF) scheduled in September
 "RBI to release final framework for fintech SROs by April-end: Governor Das")
Govt to broaden e-rupee distribution beyond banks to boost retail use: RBI
It has now proposed that non-bank payment system operators, which include third-party payment app providers like PhonePe, Google Pay and Paytm, offer the e-rupee through CBDC wallets
 "Govt to broaden e-rupee distribution beyond banks to boost retail use: RBI")
RBI reiterates FX exposure must for rupee exchange derivative transactions
The RBI on Thursday delayed the implementation of its consolidated directions for exchange-traded currency derivatives by a month
 "RBI reiterates FX exposure must for rupee exchange derivative transactions")
Inflation targeting framework is the focus: RBI governor Shaktikanta Das
The RBI projects CPI will be 4.5 per cent for the whole year, and growth will be 7%
 "Inflation targeting framework is the focus: RBI governor Shaktikanta Das")
RBI to soon launch app for retail investors to participate in govt bonds
In a separate announcement, RBI permitted non-bank payment system operators to offer Central Bank Digital Currency (CBDC) wallets to encourage its wider use
 "RBI to soon launch app for retail investors to participate in govt bonds")
RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady
Inflation 'elephant has left the room and it appears to be on its way to the forest,' says RBI governor Shaktikanta Das
 "RBI lowers quarter-wise inflation forecast for FY25, holds key rate steady")
RBI to permit investment, trading of Sovereign Green Bonds at Gujarat IFSC
As part of the Budget estimate, the government is planning for gross market borrowing of Rs 14.13 trillion for 2024-25
 "RBI to permit investment, trading of Sovereign Green Bonds at Gujarat IFSC")
RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time
The RBI MPC has also decided to keep its stance of "withdrawal of accommodation" unchanged with a majority of 5-1
 "RBI MPC FY25: Repo rate kept unchanged at 6.5% for seventh consecutive time")
Rupee declines 6 paise to 83.45 against US dollar in early trade today
Brent crude futures, the global oil benchmark, rose 0.40 per cent to USD 91.01 per barrel
 "Rupee declines 6 paise to 83.45 against US dollar in early trade today")
RBI MPC: Indian bond yields expected to be steady ahead of announcement
Das stressed that RBI may consider rate cuts only once retail inflation eases towards the RBI's 4% target on a sustainable basis
 "RBI MPC: Indian bond yields expected to be steady ahead of announcement")