Page 212 - Reserve Bank Of India
Former RBI Governor Urjit Patel appointed Vice President of AIIB
Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday. India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the second highest voting share after China. It is headed by former Chinese vice minister for finance Jin Liqun. Patel, 58, will be one of the five Vice Presidents of the AIIB with a three-year tenure. He is expected to take over his posting next month. He will succeed outgoing Vice President D J Pandian, who is in charge of sovereign and non-sovereign lending of the AIIB in South Asia, the Pacific Islands and South-East Asia, AIIB sources told PTI. Pandian, who has previously served as the chief secretary of Gujarat, is set to return to India later this month. Patel had taken over as the 24th Governor of the Reserve Bank of India (RBI) succeeding Raghuram Rajan on September 5, 2016. Patel resigned in December, 2018 "on accoun
 "Former RBI Governor Urjit Patel appointed Vice President of AIIB")
RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director
The shareholders of the bank at its Annual General Meeting in August last year had approved Bagchi's re-appointment for five years effective February 1, 2022
 "RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director")
RBI hikes threshold for deposits of non-financial small biz customers
This, the RBI said, has been done to better align guidelines with the Basel Committee on Banking Supervision standard
 "RBI hikes threshold for deposits of non-financial small biz customers")
Thanks, NITI Aayog, but I would rather stay neo than become a bank
The NITI Aayog has suggested a template for digital banks and stipulated a two-stage process: first a digital business bank licence, and then a digital universal bank licence
 "Thanks, NITI Aayog, but I would rather stay neo than become a bank")
RBI releases eligibility criteria for 'specified users' of CICs
The criteria sets out the requirements for the entities to become eligible as Specified User of CIC under the Credit Information Companies (Amendment) Regulations, 2021
RBI may not tinker with key rates in FY22 due to Omicron spread
May nudge market rates by managing liquidity
India digital loan apps blamed for mafia-like collection tactics, suicides
Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.
 "India digital loan apps blamed for mafia-like collection tactics, suicides")
RBI caps upper limit of offline payment transaction at Rs 200
An offline payment means a transaction not requiring internet or telecommunication (telecom) connectivity to take effect
A year of caution
Liquidity tightening will affect financial assets
 "A year of caution")
Top Headlines: India prepares for Omicron; banks' asset quality to worsen
Business Standard brings you the top headlines at this hour.
 "Top Headlines: India prepares for Omicron; banks' asset quality to worsen")
Pvt cryptocurrencies pose immediate risks to customer protection: RBI
The aggregate market capitalisation of the top 100 cryptocurrencies has reached USD 2.8 trillion
 "Pvt cryptocurrencies pose immediate risks to customer protection: RBI")
NRIs, OCIs do not need RBI's prior nod to buy immovable property in India
The clarification has been issued by Reserve Bank of India (RBI) following queries received at its various offices with regard to acquisition of immovable properties by Overseas Citizens of India
IPO flows to strengthen rupee in 2022; tighter policy likely dampener
IPO bound foreign inflows as well as buoyant stock markets are likely to strengthen the Indian rupee in 2022.
 "IPO flows to strengthen rupee in 2022; tighter policy likely dampener")
India seen breaking ranks with peers on unwinding easy monetary policy
Policy makers will stick to their resolve of keeping their stance easy to achieve the growth goal for now, said economists, including Standard Chartered Plc's Anubhuti Sahay
Top Headlines: 13 Indian firms to make Covid pill; bank NPAs at 6-year low
Business Standard brings you the top headlines at this hour.
 "Top Headlines: 13 Indian firms to make Covid pill; bank NPAs at 6-year low")
RBI extends restrictions on PMC Bank for 3 months till March 2022
The RBI has extended the restrictions as further action on the draft scheme for the takeover of the crisis-hit bank by the Delhi-based Unity Small Finance Bank (USFB) is in process
 "RBI extends restrictions on PMC Bank for 3 months till March 2022")
Indians to continue to embrace cryptocurrencies despite RBI concerns
The eighth of year-ender series finds out why retail investment in crypto assets may surge to $15.6 billion by 2030
 "Indians to continue to embrace cryptocurrencies despite RBI concerns")
India 10-year bond yield at 20-month high, traders seek RBI support
Traders are expecting the central bank to come in with some form of support to help the market ahead of the debt sale on Friday
 "India 10-year bond yield at 20-month high, traders seek RBI support")
AU Small Finance Bank inducts ex-RBI deputy governor H R Khan on its board
The appointment is for a period of three years subject to the approval of shareholders
 "AU Small Finance Bank inducts ex-RBI deputy governor H R Khan on its board")
RBI says RBL Bank well capitalised with satisfactory financial position
The stock of the bank closed 18.32 per cent down to close at Rs 140.90 a piece on the BSE
 "RBI says RBL Bank well capitalised with satisfactory financial position")