Page 250 - Reserve Bank Of India
Top headlines: Air India sale may get govt Rs 15,000 cr, Sebi ban on Biyani
Bharti Airtel posted a consolidated net profit of Rs 854 crore in the third quarter of December FY21, after six straight quarters of losses. Read the top news in Business Standard today
 "Top headlines: Air India sale may get govt Rs 15,000 cr, Sebi ban on Biyani")
Monetary policy: Rising yields a worry and RBI should act, say bond dealers
Rise in interest rates could hit corporate earnings, hinder economic recovery
 "Monetary policy: Rising yields a worry and RBI should act, say bond dealers")
Banks to seek leeway from RBI for new asset reconstruction company
Senior bankers said over 70 per cent provision for assets will be moved to the ARC
 "Banks to seek leeway from RBI for new asset reconstruction company")
RBI's monetary policy committee starts deliberations on interest rates
The committee is likely to hold interest rates steady and continue with an accommodative policy stance
 "RBI's monetary policy committee starts deliberations on interest rates")
RBI unveils risk-based audit guidelines for select NBFCs, urban co-op banks
Currently, all the entities supervised by the RBI have their own approaches on internal audit, resulting in certain inconsistencies, risks and gaps in the system
 "RBI unveils risk-based audit guidelines for select NBFCs, urban co-op banks")
RBI appoints external firm to audit HDFC Bank's IT infrastructure
In December last year, irked at the repeated service outages, the RBI asked the lender to temporarily halt all its digital launches as well as new sourcing of credit card customers
 "RBI appoints external firm to audit HDFC Bank's IT infrastructure")
3 PSU banks likely to be out of PCA framework by March: DFS Secretary
The finance ministry expects the remaining three public sector banks (PSBs) to be out of the RBI's prompt corrective action (PCA) framework in two months
 "3 PSU banks likely to be out of PCA framework by March: DFS Secretary")
India's massive borrowing puts RBI under pressure to keep yields in check
India will borrow a gross Rs 12 trillion ($164 billion) via bonds in the fiscal year beginning April, Finance Minister Nirmala Sitharaman said on Monday
 "India's massive borrowing puts RBI under pressure to keep yields in check")
Budget share of capital expenditure highest in decade, aims for investments
Public spending push is expected to help push growth after pandemic slowdown in investments
 "Budget share of capital expenditure highest in decade, aims for investments")
Should 'private Cryptocurrencies' be banned in India? Experts' take
The RBI's official digital currency, also called Central Bank Digital Currency, has been in the works for a while
 "Should 'private Cryptocurrencies' be banned in India? Experts' take")
After RBI's paper on new regulatory framework, what next for NBFCs?
Over the last five years, their balance sheet more than doubled to Rs 49.22 trillion
 "After RBI's paper on new regulatory framework, what next for NBFCs?")
The BIC's time to resolve recap issues is now
Inadequately capitalised banks will face problems in increasing their credit portfolios. A credit squeeze on account of banks' balance-sheet constraints would also have larger macroeconomic dimensions
 "The BIC's time to resolve recap issues is now")
Thoughts on Budget and monetary policy
Beyond hype, if the Budget creates a platform for growth, the RBI will have to change the policy's stance, but that won't happen - now or even in April
 "Thoughts on Budget and monetary policy")
RBI may not tinker with key rate, will keep accommodative stance: Experts
The six-member MPC headed by RBI Governor is scheduled to meet for three days starting February 3. The resolution meeting would be announced on February 5
Parliament to consider bills to ban private cryptocurrencies, set up DFI
The Bill will prohibit all private cryptocurrencies in India, but will allow for certain exceptions to promote the underlying technology of cryptocurrency, and its uses
 "Parliament to consider bills to ban private cryptocurrencies, set up DFI")
RBI must use reserves for domestic investment, says Economic Survey
The reserves have risen as imports contracted and the country turned surplus.
 "RBI must use reserves for domestic investment, says Economic Survey")
ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability
The key monitorable, analysts said, will be downgrades to BBB and below list; outlook on asset quality; update on restructuring account; and business outlook
 "ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability")
Top corporate bond arranger expects spreads on highest-rated notes to widen
"We think the RBI will guide liquidity toward more normal settings, which could lead to spreads widening on corporate bonds," ICICI Bank's top official said
 "Top corporate bond arranger expects spreads on highest-rated notes to widen")
RBI says it will charge banks if they do not improve customer grievance
To operationalize the cost-recovery framework for banks, peer groups based on the asset size of banks as on March 31 of the previous year will be identified
 "RBI says it will charge banks if they do not improve customer grievance")
RuPay's market share tops 60% in total cards issued, says RBI report
As of November 2020, around 603.6-million RuPay cards have been issued by nearly 1,158 banks
 "RuPay's market share tops 60% in total cards issued, says RBI report")