Page 109 - Reserve Bank Of India

RBI appoints Manoranjan Mishra as Executive Director effective from Nov 1

As the Executive Director, Mishra's duties will include looking after Enforcement Department, Risk Monitoring Department, Department of External Investments & Operations

Unsecured retail loans burgeoned on banks' books in Covid-19's aftermath

As regulated entities expand the retail portfolio and tap the new-to-credit segment, more through unsecured loans and with less-than-ideal emphasis on credit histories, delinquencies could rise

RBI launches two key surveys which will provide inputs for monetary policy

The Reserve Bank of India on Wednesday announced the launch of 'Inflation Expectations Survey of Households' and 'Consumer Confidence Survey' which will provide key inputs for the bi-monthly monetary policy. The next bi-monthly monetary policy is scheduled during December 6-8. The 'Inflation Expectations Survey of Households' captures subjective assessments on price movements and inflation based on their individual consumption baskets, across 19 cities, including Bhopal, Bhubaneswar, Chandigarh, Chennai, Delhi and Thiruvananthapuram. The survey on inflation seeks qualitative responses from households on price changes in the three months ahead as well as in the one year ahead period and quantitative responses on current, three months ahead and one year ahead inflation rates, according to RBI releases. The 'Consumer Confidence Survey' seeks responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households' income and ...

More than 97% of Rs 2,000 note returned till October 31, says RBI

The central bank reiterated that the Rs 2,000 banknotes continue to be legal tender

RBI to regulate entities facilitating cross border payment transactions

The Reserve Bank of India on Tuesday said all entities facilitating cross border payment transactions for import and export of goods and services will be directly regulated by it. Such entities will be treated as Payment Aggregator-Cross Border (PA-CB), the central bank said in a circular. "Keeping in view the developments that have taken place in the area of cross-border payments, it has been decided to bring all entities facilitating cross-border payment transactions for import and export of goods and services under direct regulation of the RBI," it said. Currently, all Payment Aggregators (PAs), which facilitate processing of domestic transactions in online mode, are covered within the scope of RBI regulations. Non-banks providing PA-CB services as on the date should have a minimum net worth of Rs 15 crore at the time of submitting application to the RBI for authorisation and a minimum net worth of Rs 25 crore by March 31, 2026, it said. New non-bank PA-CBs (entities which have

RBI asks private banks to have at least two whole-time directors: Explained

The Reserve Bank of India has directed private sector banks and wholly-owned subsidiaries of foreign banks to have at least two whole-time directors in addition to the MD and CEO

Debut of 50-year bond in India leaves insurers hungry for a share

The government plans to sell Rs 10,000 crore ($1.2 billion) of a 2073 bond on Friday, according to the Reserve Bank of India.

Never seen this kind of alignment in banks: KV Kamath at the BS BFSI Summit

Kamath said that he has 'no sympathies' for organisations complaining of not having enough people in a country like India

No policy for troubled times: Does inflation targeting really work?

On the evidence at hand, inflation targeting works only when the world economy is normal, and demand swings up and down in small cycles that monetary policy tackles, writes T N Ninan

Reserve Bank of India allows premature deposit withdrawal up to Rs 1 crore

Banks typically offer higher interest rates on non-callable deposits

Lenders and CIC to pay Rs 100 per day for record update delay: RBI

The compensation provided to the complainant will be apportioned among the concerned lender and CIC proportionately

CBDC pilot projects show promising results: RBI governor Shaktikanta Das

Furthermore, Das said that the ongoing conflict in Ukraine has significantly influenced the central bank's recent strategies in combating inflation

Fundraising through corporate bonds decline in October, shows data

According to data from the Prime database, companies and banks raised Rs 23,797 crore as of October 24, compared to Rs 72,941 crore in September

Mobikwik's Zaakpay gets in-principle nod to operate as payment aggregator

The Reserve Bank of India has allowed the payment gateway to onboard new merchants to its platform

RBI to meet senior bank officials next week, liquidity to be discussed

Market participants are also eagerly awaiting hints on when the RBI would conduct an open market sale of debt as announced in the October monetary policy meeting

RBI directs private banks to have at least two wholetime directors

Payments banks and local area banks are kept out of the minimum WTD requirements

Option traders see RBI's grip on Rupee lasting for the rest of 2023

The rupee has weakened about 0.5 per cent this year, the least among Asia's emerging markets, thanks to inflows of nearly $18 billion and RBI intervention

Floating-rate savings bonds on RBI online portal may not be instant hit

These bonds usually perform well in a rising rate environment, say mkt players

Updating the tax haven debate

In a comprehensive analysis of black money, R Vaidyanathan's book explores the intricacies of its generation, the impact of tax havens, and the role of global initiatives

Rupee stable, forward premia dip on RBI's likely $5 billion forex rollover

The rupee settled at Rs 83.19 per US dollar on Monday, against Rs 83.12 a dollar on Friday