Page 177 - Reserve Bank Of India
India's economic recovery falters as high prices, falling rupee bite
India's economic activity showed early signs of cooling off in June as acute price pressures, rising interest rates, and a falling rupee dampened sentiment after a strong showing the previous month
 "India's economic recovery falters as high prices, falling rupee bite")
RBI renews statement of commitment to global code on best market practices
The FX Global Code, developed under Bank for International Settlements, Basel, compiles the practices formulated by central banks worldwide
 "RBI renews statement of commitment to global code on best market practices")
Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up
Bankers have sought permission to park a larger quantum of securities in the portfolio than is currently permitted amid an environment of rising bond yields.
 "Banks urge RBI to extend HTM leeway beyond Mar 2023 as bond losses pile up")
RBI should come up with on-tap licences for UCBs, says Satish Marathe
The revised guidelines on UCB proposed a four-tiered regulatory framework with differentiated regulatory prescriptions aimed at strengthening the financial soundness of the existing UCB
 "RBI should come up with on-tap licences for UCBs, says Satish Marathe")
Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars
The rupee settled at 79.99 per dollar on Wednesday - a fresh closing low for the Indian unit versus the greenback
 "Rupee closes shy of 80/$ as RBI shields currency, exporters sell dollars")
'RBI's rupee trade settlement a step towards internationalisation of rupee'
The announcement by the Reserve Bank of India (RBI) to allow cross border trade transactions in rupee is a timely move and a step towards internationalisation of the currency, according to experts.
 "'RBI's rupee trade settlement a step towards internationalisation of rupee'")
Anumati - India's Fastest Growing Account Aggregator Network
Already has the largest number of banks on its platform, PSU banks joining steadily
Crypto markets rebound but assets future in India uncertain: Experts
From April 1, a 30 per cent tax was applied on income from the sale of cryptocurrency. From July 1, an additional 1 per cent tax was applied in the form of tax deducted at source (TDS)
 "Crypto markets rebound but assets future in India uncertain: Experts")
Rupee at 80: The Indian tradition of political involvement in exchange rate
Despite the Sangh Parivar's belief that a strong rupee is good, the govt has seen the wisdom of letting it depreciate gradually
Top Headlines: Rupee breaches 80/$ for 1st time, Right to Repair, and more
The rupee on Tuesday weakened past 80 per dollar for the first time but went on to recover lost ground
 "Top Headlines: Rupee breaches 80/$ for 1st time, Right to Repair, and more")
RBI hikes capital adequacy ratio for urban cooperative banks to 12%
Rule applies to banks with deposits above Rs 100 crore; glide path till March 2026, to meet revised CAR norm in phases for UCBs that do not meet it currently
Rupee breaches 80/$ for first time, settles at 79.95 after RBI intervention
The rupee has depreciated 7.01 per cent against the dollar this year
 "Rupee breaches 80/$ for first time, settles at 79.95 after RBI intervention")
PNB bond holdings of short maturity, less prone to rising yields: MD Goel
In a Q&A, Atul Kumar Goel says the lender has not sought any special dispensation from RBI to provide for MTM losses amid rising bond yields
 "PNB bond holdings of short maturity, less prone to rising yields: MD Goel")
US' return as leading source of Indian remittances mirrors pre-2008 trend
North America had a high share of remittances before the global financial crisis
 "US' return as leading source of Indian remittances mirrors pre-2008 trend")
Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort
The four entities are: Cashfree Payments, Fairex Solutions, Nearby Technologies, and Open Financial Technologies
 "Cross-border payment: Four firms complete test in RBI's 2nd sandbox cohort")
RBI imposes restrictions on Raigad Sahakari Bank, caps customer withdrawals
The RBI imposed several restrictions on Mumbai-based Raigad Sahakari Bank, including a withdrawal cap of Rs 15,000 per customer, due to deterioration in the financial condition of the lender
Rupee declines to record low of 80.01 to a dollar as foreign funds exit
The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum
 "Rupee declines to record low of 80.01 to a dollar as foreign funds exit")
YES Bank plans to invest Rs 350 cr in JC Flowers, raise $1 bn in FY23
JC Flowers has been named as the base bidder for bad loans worth Rs 48,000 crore of YES Bank
 "YES Bank plans to invest Rs 350 cr in JC Flowers, raise $1 bn in FY23")
Govt revives IPO plans for RRBs, asks sponsor banks to identify candidates
Sponsor banks - that hold about 35 per cent in RRBs - have been asked to handhold regional lenders at all stages from identification of merchant bankers to the conclusion of IPO
 "Govt revives IPO plans for RRBs, asks sponsor banks to identify candidates")
At around $1 bn, travel accounts for half of outward remittances in May
According to Reserve Bank of India (RBI) data, total remittances rose by 61.8 per cent year-on-year (YoY) to $2.03 billion in May 2022 from $1.25 billion in May 2021
 "At around $1 bn, travel accounts for half of outward remittances in May")