Page 23 - Reserve Bank Of India Rbi
Part Panglossian, part floccinaucinihilipication: Governor Das marches on
Sachin Chaturvedi, a member of the Central Board of RBI, describes Das as a person who brings in pragmatism, commitment, transparency and sincerity to the table.
 "Part Panglossian, part floccinaucinihilipication: Governor Das marches on")
RBI had no objection to issuance of electoral bonds through SBI, says FM
She said the Committee of the Central Board (CCB) of RBI in its meeting held on October 11, 2017 indirectly agreed for electoral bonds to be issued if it is done by the SBI.
 "RBI had no objection to issuance of electoral bonds through SBI, says FM")
Yes Bank mulls Citax Holdings offer, Erwin Singh Braich still in fray
Board of directors will continue to evaluate other potential investors to raise capital up to $2 bn
 "Yes Bank mulls Citax Holdings offer, Erwin Singh Braich still in fray")
Onion prices could hold the key to RBI's next monetary policy move
The brokerage said if the RBI is not comfortable with a negative real repo rate, which is the repo rate minus the headline inflation, the next rate cut will be in April
 "Onion prices could hold the key to RBI's next monetary policy move")
An era of central bank shocks has left few options for next downturn
Interest rates are either already around historic lows or negative after more than 750 cuts since 2008, spurring concerns they are doing more harm than good
 "An era of central bank shocks has left few options for next downturn")
RBI will encourage rupee to weaken
It will also maintain liquidity so that govt borrowing doesn't push yields up
 "RBI will encourage rupee to weaken")
Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector
The Reserve Bank of India should carry out an asset quality review of the non-bank finance companies, Rajan said.
 "Raghuram Rajan urges scrutiny of NBFCs lending to stressed realty sector")
Top 10 business headlines: RBI pauses on rate cut, GST slab raise & more
From RBI keeping rate cut unchanged, tough road for Subhash Chandra's Essel to Saudi Aramco raising $25.6 bn in largest-ever IPO, Business Standard brings you the top headlines of the day.
 "Top 10 business headlines: RBI pauses on rate cut, GST slab raise & more")
Monetary Policy: Reserve Bank picked a heck of a time to slow things down
If Reserve Bank's rate cut pause has shocked you, blame it on inflation
 "Monetary Policy: Reserve Bank picked a heck of a time to slow things down")
RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%
The 6-member Monetary Policy Committee (MPC), headed by RBI Governor Shaktikanta Das, unanimously voted to hold the key repo rate at 5.15% and reverse repo rate at 4.90%
 "RBI unexpectedly hits pause on rate cut; lowers FY20 GDP forecast to 5%")
RBI is completely against private digital currencies, says Shaktikanta Das
The comments come a year after the government tagged Bitcoins and other crypto-currencies illegal and following which the RBI banned trading on them
 "RBI is completely against private digital currencies, says Shaktikanta Das")
Forex reserves hit a new high of $451 billion as of Dec 3: RBI governor
Since the beginning of the current financial year, the forex kitty has gained by $38.8 billion as of December 3, the largest in recent year, the governor added
Manufacturing PMI improves to 51.2 in Nov, but demand remains subdued
Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued compared to earlier this year and the survey history, the study said.
 "Manufacturing PMI improves to 51.2 in Nov, but demand remains subdued")
RBI's Dec policy move could turn real interest rate negative: Economists
Even as market rates have fully reflected the rate cuts, companies are not necessarily in the mood for borrowing, as they face a slump in consumption demand and investment in the country
 "RBI's Dec policy move could turn real interest rate negative: Economists")
Govt plans to amend IBC 2016 to address cross-border insolvency: MS Sahoo
When IBC came in 2016, everything was new, and there was no insolvency professional, IBBI or all members of the NCLT, everything was created afresh, but it worked, he added.
 "Govt plans to amend IBC 2016 to address cross-border insolvency: MS Sahoo")
Kerala govt set to get its own bank as HC allows merger of co-op lenders
Chief Minister Pinarayi Vijayan also tweeted that the state's own bank would commence soon.
 "Kerala govt set to get its own bank as HC allows merger of co-op lenders")
In a first, RBI moves NCLT seeking insolvency proceeding against DHFL
An interim moratorium on the assets of the beleaguered company has also commenced following the RBI's application, and will continue till it is accepted or rejected by the NCLT
 "In a first, RBI moves NCLT seeking insolvency proceeding against DHFL")
Letter to BS: Bankers should not be the only ones blamed for rising NPAs
With the new dispensation at the Centre and steps taken to clean up the banking system, it was expected the era of directed lending was over
 "Letter to BS: Bankers should not be the only ones blamed for rising NPAs")
Govt wants RBI to take over stressed assets of shadow banks: Report
The government has also asked the central bank to consider a one time waiver to banks from classifying some real estate loans as bad loans, the government official, who declined to be named, said
Will comply with govt's regulations of data localisation: Google Pay
The Reserve Bank of India (RBI) had asked payment companies to ensure that transaction's data are stored exclusively on local servers
 "Will comply with govt's regulations of data localisation: Google Pay")
