Page 242 - Reserve Bank Of India

RBI remains net purchaser of US dollar in January, buys $2.85 bn

The Reserve Bank of India (RBI) continued to remain net buyer of the US dollar in January

Initiatives taken in Budget will step-up growth momentum: RBI article

The initiatives taken by the government in the 2021-22 Union Budget will step-up growth momentum in the medium term, according to an RBI article

RBI Dy Guv Kanungo may get extension; interviews to find successor nixed

The move comes at a time when the central bank is working on digital currency

RBI may have to delay liquidity normalisation amid rising virus cases

RBI may have to delay liquidity normalisation amid rising virus cases

ZebPay expects $2 bn-worth trades per month as crypto fever grips India

India had banned banks and other regulated entities from supporting crypto transactions in 2018. The Supreme Court removed the curbs last year in response to a petition by cryptocurrency exchanges

More banks likely to join RBI's list of 'systemically important banks'

Move result of change in pecking order post-mergers

Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?

Sebi's new rules around mutual fund (MF) investments in these bonds have kicked up a storm

Valuing AT1 bonds

A sudden change in the metrics will be disruptive

Reserve Bank imposes Rs 2 crore penalty on SBI for contravention of norms

RBI imposed a penalty of Rs 2 crore on State Bank of India (SBI) for contravention of norms, including specific directions to the lender on remuneration to its employees in the form of commission.

Uncertainty around India's crypto policy is making blockchain firms anxious

Bureaucrats say they want blockchain, but not cryptocurrencies. It's as silly as wanting airports with duty-free shops but no flights

Parl Panel suggests systemic review by RBI to pre-empt IL&FS type crisis

A Parliamentary panel on Tuesday suggested a thorough systemic review by the Reserve Bank to pre-empt IL&FS kind of crisis, involving systemically important entities. The Standing Committee on Finance, chaired by Jayant Sinha, in its report said the resolution of IL&FS remains sub-judice before the National Company Law Appellate Tribunal (NCLAT). "...delays in the resolution process not only brings a steep value erosion to the bankers and other creditors but more importantly leaves the understanding of the lacunae in the system evasive," it said. The financial crisis in IL&FS came to light after some of its group entities defaulted on debt payments. The government in October 2018 superseded its board. "...the Committee desires that a thorough systemic review should be conducted by RBI so that such episodes involving 'systemically important entities' are pre-empted," the report said. The committee said startups with the requisite capability and expertise be encouraged to ...

RBI strengthening institutional mechanism to prevent bank frauds: FM

Sitharaman on Tuesday informed Parliament that the Reserve Bank of India is taking measures to strengthen its regulatory and supervisory capacity

Best of BS Opinions: Tariff on solar power, Biden's mega stimulus, and more

Here's a selection of Business Standard opinion pieces for the day

Dealing with cost-push inflation

At present, an important reason for the large leeway around the inflation target lies in the behaviour of the prices of oil and food, which can push prices more generally

India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman

Bitcoin, the world's biggest and earlier cryptocurrency, has crossed a record high of $60,000.

Investors see more sheen in paper gold this year amid lower prices

So far, FY21 has seen sale of 32.4 tonnes worth of sovereign gold bonds and 13 tonnes of exchange-traded funds

Additional tier-1 bond stand-off likely to spook corporate bond yields

Besides redemption pressure in debt market, it will make fund raising difficult for PSBs

Low premiums on parts of Indian credit prompt calls for RBI help

Spreads on five- and 10-yr rupee corporate bonds diverging

India's forex reserves fall by $4.255 bn to $580.299 bn: RBI data

The country's foreign exchange reserves declined by USD 4.255 billion to USD 580.299 billion in the week ended March 5, according to RBI data

CPI inflation averages 3.9% during Oct 2016-Mar 2020, says report

The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31