Page 222 - Reserve Bank Of India

RBI issues revised instructions for banks on locker management

As per the revised guidelines, banks will be required to incorporate a clause in the locker agreement prohibiting the hirer from keeping anything illegal or hazardous in lockers

RBI to buy up to Rs 25,000 cr of 5 gilts on August 26 under G-SAP 2.0

The Reserve Bank will conduct open market purchase of government securities of Rs 25,000 crore on August 26, under the G-sec Acquisition Programme (G-SAP 2.0).

HDFC Bank can rally 11% to a new high of Rs 1,750, suggest tech charts

Once the hurdle mark is decisively conquered on the higher side, the upside rally may see a new all-time high

Top headlines: RBI speaks on inflation; HDFC gets to issue new credit cards

Business Standard brings you the top headlines of the day

Reserve Bank of India's FI-Index shows better access to financial services

The RBI had announced the introduction of such an index in its bi-monthly monetary policy statement on April 7

Little more than half of financial inclusion achieved, says RBI's new index

According to RBI's assessment, the FI-Index for the period ending March 2021 is 53.9 as against 43.4 for the period ending March 2017

Bond losses seen as RBI's rate setters move toward a hawkish stance

The benchmark 10-year yield will climb to 6.40% by December, while the five-year yield will increase to 5.90%

RBI gives Ind Bank Housing time till Dec to complete revival process

The Reserve Bank has asked Ind Bank Housing Ltd to complete its revival process by the end of December and submit a board-approved plan

Central Board of Reserve Bank of India reviews current economic situation

The Central Board of RBI on Friday reviewed the current economic situation and the recent policy measures taken by the Reserve Bank to mitigate the adverse impact of COVID-19

RBI likely to hike interest rates starting early 2022, say analysts

The Reserve Bank may be hitting the end of its tolerance for high inflation and will most likely hike interest rates in the first half of 2022, analysts said on Friday. The central bank will also start rolling back its accommodative policies which have led to easy liquidity conditions, they said. The view from analysts came even as inflation cooled down to 5.6 per cent for July, after two months of breaching the upper end of the RBI's tolerance band of 6 per cent. The central bank has been keeping the status quo on policy and continuing with the accommodative stance to help revive GDP growth. Finance Minister Nirmala Sitharaman had on Thursday opined that the current conditions do not warrant withdrawal of the accommodative measures. "The RBI has been tolerant of inflation and has stayed accommodative to support growth given the deep hit suffered by the economy. But it appears to be reaching the end of tether as inflation remains elevated," rating agency Crisil said. "If this ..

ATM body protests RBI's penalty rule if found with no cash, seeks review

MHA norms restrict cash movement in rural, semi-urban areas, which will hinder cash distribution, says an official of the Confederation of ATM Industry

Top headlines: RBI buys record gold, ISRO satellite mission fails

Business Standard brings you the top headlines of the day

YES Bank eyes own asset reconstruction company, invites EoIs from investors

In April, the RBI formed a 6-member panel headed by Sudarshan Sen, former ED, to carry out a comprehensive review of the working of ARCs in the financial sector ecosystem

Gadkari pitches for using RBI's rising forex reserves for infra development

Gadkari pointed out that he is talking to the World Bank, the Asian Development Bank and the New Development Bank NDB) for infrastructure funding in India, but he is not satisfied by their response.

Global banks unwind India currency trades worth billions after RBI warning

The issue in focus is a flurry of currency swap trades that involved the banks converting rupee-denominated deposits into dollars that were then used to buy foreign sovereign debt

RBI issues draft proposals to liberalise overseas investments norms

The rules and regulations will be finalised after public consultations

Everything you want to know about CBDC

The central bank digital currency will neither substitute nor compete with cryptocurrency; it's just a wallet. Period

Tentative beginning

RBI's position is still fraught with risks

Monetary policy review: RBI holds rates steady, ups inflation forecast

The RBI governor defended his protracted rate pause and lengthy accommodative stance as a compulsion brought by the pandemic

Recast loans worth Rs 70,000 crore get extra time to meet norms

Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave