Page 198 - Reserve Bank Of India

Want to beat inflation? Hedge your portfolio with exposure to gold

Stock investors must avoid highly leveraged companies and those trading at steep valuations to beat inflation.

India's foreign exchange reserves down $311 million to $603.7 billion

In the previous week ended April 8, the reserves had declined by USD 2.471 billion to stand at USD 604.004 billion.

RBI may be more open to granting credit card licences to NBFCs: Macquarie

RBI also made it clear that NBFCs will have to take prior approval from the RBI for issuing credit cards to their customers.

MPC minutes: Governor Das said RBI must match up to 'dynamic situations'

The five other members had also expressed a similar opinion amid the ongoing Russia-Ukraine conflict's impact on the global and domestic economies

Loved by banks, bond trade worth Rs 2 trn faces scrutiny from RBI

Traders argue that the transactions are structured as so-called forward rate agreements, which are permitted by the RBI, allowing them to clear internal compliance checks

RBI launches next round of quarterly survey to assess business sentiment

The survey assesses business sentiment and expectations based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment and the price situation

India must boost credit, labour to raise growth potential, says IMF

"We had lost two years of growth" because of the pandemic, Choueiri said in a separate interview Friday with Bloomberg Television's Kathleen Hays. "There is still catch up growth happening in India."

RBI says non-banks need approval to issue credit cards, lists more rules

Minimum net-owned fund mandated at Rs 100 crore; cards cannot be unilaterally upgraded.

RBI directs UCBs to eliminate honorary positions within one year

The Reserve Bank on Thursday asked Urban Cooperative Banks (UCBs) not to create create any honorary position or title such Chairman Emeritus and Group Chairman at the board level

RBI sets 3-year deadline for non-individual borrowers to get tracking code

The LEI is a 20-character alpha-numeric code used to uniquely identify parties to financial transactions worldwide

Digital delivery

New-age banks will increase inclusion

RBI prohibits issuance of unsolicited cards by issuers, warns of penalty

It also asked card issuers and third-party agents not to resort to intimidation or harassment during recovery of dues from customers

Money sent abroad for travel grew threefold in February: RBI data

Reserve Bank of India (RBI) data showed in FY21, Indians spent about $3.23 billion for travel, sharply down from $6.95 billion in FY20.

Reserve Bank of India's latest norms won't be disruptive to NBFCs

Intend to narrow regulatory arbitrage between banks and shadow banks

RBL Bank finalises next MD and CEO; sends names for RBI approval

The Board at its meeting held on Wednesday accepted the recommendations of the nomination and remuneration Committee, RBL said in a regulatory filing

Floater funds back in focus as interest rates are all set to climb

They are best suited among the bouquet debt funds to sail through volatility in debt markets, say industry players

RBI imposes Rs 17 lakh fine on Manappuram Fin for violating KYC, PPI norms

The penalty has been imposed in exercise of powers vested in RBI under Section 30 of the Payment and Settlement Systems Act, 2007, the regulator said in a release

RBI turns net purchaser of US currency in February, buys $771 mn

In the reporting month, the central bank bought $5.946 billion and sold $5.175 billion in the spot market, RBI said in its monthly bulletin for April 2022

Rate transmission pace to improve for external benchmarked loans: RBI study

The share of EBLR loans by banks rose from 2.4% in September 2019 to 28.6% in March 2021 and to 39.2% in December 2021, RBI says

India faces global challenges from position of strength, says RBI article

The article on 'State of the Economy', published in the April 2022 RBI Bulletin, said India enters Samvat 2079 having crested the third wave of the pandemic