Page 14 - Reserve Bank

RBI staff unions defer their mass-leave protest over wage deal

On November 15, the RBI official met union leaders asking them to call off their protest and co-operate for early settlement of wage negotiations

TMS, Ep 42: Haryana's job quota, RBI-RD cheme, Ather CEO Q&A, and e-RUPI

Will Haryana's new job quota rule hurt MSMEs? Can RBI-RD scheme spur retail interest in bonds? How does Ather Energy CEO Tarun Mehta plan to take on competition in the EV space? Answers here

Why Reserve Bank has 'shocked' Srei

It seems that the RBI had very little choice as the promoters did not infuse fresh capital, make adequate provisioning and improve corporate governance

Reserve Bank retains economic growth forecast at 9.5% for FY '22

RBI retained the GDP forecast for the current financial year at 9.5 per cent and flagged semiconductor shortages, elevated commodity prices and potential global market volatility as downside risks

Top headlines: Tata group mulls chips business, FM speaks on scrapping tax

Business Standard brings you top headlines this morning

Forex has helped avert a currency run, but continuous inflow has its risks

At a time when India is facing stagflation, its forex reserves have helped avert a currency crisis, but there are unintended consequences of accumulating forex. Manojit Saha explains the risks

Reserve Bank announces Rs 35,000 crore G-sec Acquisition Programme

RBI announced the second tranche of Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 1.0)

RBI modifies norms for undertaking govt business by private banks

The Reserve Bank on Monday came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states. According to the modified norms, scheduled private sector banks, which are not under the Prompt Corrective Action (PCA) framework of the RBI, can undertake government business after executing an agreement with the central bank. "Scheduled private sector banks, not having agency banking agreement with RBI, but intend to handle government agency business, may be appointed as agents of RBI upon execution of an agreement with RBI. "This will be subject to the condition that the concerned bank is not under PCA framework or moratorium at the time of making the application or signing of the agreement with RBI," the central bank said in a notification. It may be mentioned that the Finance Ministry in February 2021 had lifted the embargo imposed in September 2012 on further allocation of government business to private sector

RBI in Impossible Trinity but ready with reserves, say economists

The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates, they say

RBI to conduct first SLTRO of Rs 10k cr for small finance banks on May 17

The SLTRO will be valid for three years. All SFBs will be eligible to participate in the scheme, which was announced by RBI Governor Shaktikanta Das on May 5 to mitigate Covid-related dislocations

RBI sets up an advisory group to assist regulatory review authority

Regulatory Review Authority (RRA 2.0) was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities

RBI's Rs 50K cr liquidity facility can augment hospital bed capacity Crisil

Reserve Bank's Rs 50,000-crore liquidity window can help augment the bed capacity at hospitals by up to 20% as credit will be available at cheaper costs, credit ratings agency Crisil said on Friday

Dollar forward rates normalise after carry traders unwind positions

Decline in premium to help importers hedge near-term exposures

RBI's Covid relief: Good move, but late, says health care industry

While some companies said they were open to borrowing, others felt their working capital cycle was comfortable

RBI's relief: Hit by second Covid wave, MSMEs call for more support

According to them, measures such as revisiting classification of bad loans and clearing pending dues from government agencies are also required

Bond bulls bring down 10-year yield below 6% for first time since Feb 12

This was after the RBI assured the market of ample liquidity and another round of secondary market purchase of Rs 35,000 crore

RBI's Covid relief: SFB loans to MFIs get priority sector status

Special liquidity for SFBs to help low-income groups, say experts

Covid-19 second wave: Should you avail of RBI's relief on loan repayment?

If you opt for restructuring, your interest cost will rise and there could be other charges

RBI running key ops from a 250-member-strong quarantine centre: Governor

Reserve Bank is running some of its key operations from a 250-member-strong quarantine centre -- a souped-down version of war-room it had set up in mid-March last year, says Governor Shaktikanta Das

RBI rejigs portfolios after T Rabi Sankar's appointment as deputy governor

Sankar succeeded BP Kanungo, who retired on April 2 after getting a one-year extension in his position