Page 287 - Finance News
Centre directs banks to ensure nominees for all accounts and lockers
A bank official said that both the government and the RBI have stated that money should not be accumulated in the depositor education and awareness fund
 "Centre directs banks to ensure nominees for all accounts and lockers")
RBI may set cutoff yield on 10-yr state bonds in 7.32%-7.35% band: Poll
MUMBAI (Reuters) - Indian states will aim to raise an aggregate of 173 billion Indian rupees ($2.09 billion) on Tuesday through the sale of bonds maturing in five years to 30 years.
 "RBI may set cutoff yield on 10-yr state bonds in 7.32%-7.35% band: Poll")
Bankers await signs on RBI's liquidity approach amid persisting disconnect
"Banks are not parking funds with the RBI because they are unsure about how long the surplus liquidity will last," said Soumyajit Niyogi
 "Bankers await signs on RBI's liquidity approach amid persisting disconnect")
RBI Governor launches financial inclusion dashboard 'Antardrishti'
The dashboard, presently intended for internal use in the RBI, will further facilitate greater financial inclusion through a multi-stakeholder approach
 "RBI Governor launches financial inclusion dashboard 'Antardrishti'")
Rupee drops 37 paise against US dollar ahead of June monetary policy meet
The dollar index gained strength on Monday and most Asian currencies weakened against the dollar
 "Rupee drops 37 paise against US dollar ahead of June monetary policy meet")
RBI-appointed panel suggests host of customer-centric initiatives for banks
An RBI-appointed panel on Monday recommended hosts of customer-centric initiatives for banks, including online settlement of claims by heirs of deceased account holders
 "RBI-appointed panel suggests host of customer-centric initiatives for banks")
Bank boards must hold mgmts accountable for their actions: RBI Dy Guv Rao
If the management fails to meet expectations, the board should even consider replacing it, he said
 "Bank boards must hold mgmts accountable for their actions: RBI Dy Guv Rao")
RBI deputy Guv urges banks to address gaps in governance framework
Boards should set clear expectations for management and should require reports on risk management on a regular basis, said Rao, at a conference of directors of state-run and private banks in May
 "RBI deputy Guv urges banks to address gaps in governance framework")
IRDAI asks insurers to suo motu settle claims of Odisha rail mishap victims
Under suo motu settlement, the companies settle the claims even without the other parties applying for it
 "IRDAI asks insurers to suo motu settle claims of Odisha rail mishap victims")
RBI raises the governance premium for PSU banks on the road to 2047
The Governor of the RBI has for the first time provided a peek into the power structures within bank boards
 "RBI raises the governance premium for PSU banks on the road to 2047")
Shoppers need not stop: Dynamics of in-store payments is being rewritten
The dynamics of in-store payments are fast changing, and this will impact retailing in a big way
 "Shoppers need not stop: Dynamics of in-store payments is being rewritten")
MPC likely to hit pause again on repo rate: Business Standard Poll
Most economists see FY24 inflation forecast likely being revised downward to 5% but no change in stance
RBI may maintain pause on interest rate as inflation declines: Experts
RBI will maintain the policy repo rate at 6.5% during its upcoming June 8 announcement indicating the effectiveness of previous policy rate actions, anticipate experts
Not a merger with Sahara Life, just transfer of policyholders: SBI Life
Following the Irdai order, SBI Life assured two lakh policyholders of "high levels" of service and commitment as is accorded to our customers
 "Not a merger with Sahara Life, just transfer of policyholders: SBI Life")
RBI-MPC may lower inflation forecast marginally: BoB Chief Economist
The consumer price index (CPI) inflation moderated in April-23 to 4.70 per cent year-on-year (YoY) and remained within the RBI's target range (2-6 per cent) for the second consecutive month
 "RBI-MPC may lower inflation forecast marginally: BoB Chief Economist")
Income tax return: Common mistakes you should avoid while filing your ITR
It is important to note that one should complete their ITR filing process by taking some time to avoid mistakes
 "Income tax return: Common mistakes you should avoid while filing your ITR")
RBI announces draft cyber security norms for payment system operators
Seeks feedback on draft norms from payment system operators by June 30
Deposits shrink Rs 59,623 cr, credit down Rs 6k cr in May 19 fortnight
CARE Ratings said the credit-to-deposit ratio has been generally trending upward since the latter part of FY22
 "Deposits shrink Rs 59,623 cr, credit down Rs 6k cr in May 19 fortnight")
RBI imposes Rs 2.2 crore penalty on Indian Overseas Bank for non-compliance
Two notices were issued to the bank advising it to show cause as to why penalty should not be imposed on it for failure to comply with the provisions of the Act and the directions issued by RBI
Goldman Sachs bets on RBI pausing repo rate again on June 8 meeting
Forecasting a steeper fall in inflation to the tune of 50 bps lower than previously projected, a Wall Street brokerage sees the central bank leaving the policy rates unchanged at 6.5 per cent