Page 14 - Latest Updates on Reserve Bank of India
Strong fundamentals crucial amid global unrest: RBI Guv Shaktikanta Das
Have larger responsibility of maintaining financial stability'
 "Strong fundamentals crucial amid global unrest: RBI Guv Shaktikanta Das")
S&P retains India's growth forecast at 6.8%; expects rate cut in October
S&P maintained India's growth forecast at 6.8% and said that it expected the RBI to cut rates in October. The US Fed rate cuts last week have sparked speculation about a potential spillover effect
 "S&P retains India's growth forecast at 6.8%; expects rate cut in October")
New-look RBI's MPC set to take rate call amid cuts by global banks
RBI's MPC has six members - three are from within RBI: Governor, deputy governor in charge of monetary policy, and one more officer from RBI who is nominated by the central board of RBI
Punjab Sind Bank to raise upto Rs 3K cr via Infra bonds, appoint bankers
Set to appoint merchant bankers for proposed QIP
 "Punjab Sind Bank to raise upto Rs 3K cr via Infra bonds, appoint bankers")
September set to be busiest month for IPOs in 14 years: RBI Bulletin
Citing a study by market regulator Sebi, the article further said 54 per cent of IPO shares allotted to investors were sold within a week of listing
 "September set to be busiest month for IPOs in 14 years: RBI Bulletin")
RBI net buys $6.93 billion in July; forex reserve reaches new high
India's foreign exchange reserves expanded by $67 billion so far in 2024, the second highest among major foreign exchange reserves holding countries, after China
 "RBI net buys $6.93 billion in July; forex reserve reaches new high")
RBI bought net $6.93 billion in spot forex market in July: Bulletin data
RBI's net outstanding forward sales stood at $9.1 billion as of end-July, compared with a net sales of $15.84 billion at the end of the previous month, the data showed
 "RBI bought net $6.93 billion in spot forex market in July: Bulletin data")
CARE Ratings downgrades IIFL Finance's long-term instruments to "AA-"
The rating agency, in a statement placed on its website, said the assets under management (AUM) of IFL's gold business shrunk to Rs 14,727 crore as of June 30, 2024
 "CARE Ratings downgrades IIFL Finance's long-term instruments to \"AA-\"")
'One State, One RRB' policy gains momentum; may make debut in March 2025
Finance Minister Nirmala Sitharaman has urged RRBs to focus on improving digital services and supporting MSME growth
 "'One State, One RRB' policy gains momentum; may make debut in March 2025")
Casa ratio of banks may fall to pre-Covid level: SBI chief CS Setty
But Setty says SBI will hold on to current share by tapping small businesses
 "Casa ratio of banks may fall to pre-Covid level: SBI chief CS Setty")
Foreign banks in regulatory standoff seek RBI relief on trading rules
In October 2022, Esma de-recognised the Clearing Corporation of India, creating significant obstacles for European banks conducting large-scale transactions
 "Foreign banks in regulatory standoff seek RBI relief on trading rules")
Rupee has been among the least volatile currencies since 2023: RBI governor
Our stated policy is to prevent excessive volatility of the rupee, said Reserve Bank of India governor Shaktikanta Das
 "Rupee has been among the least volatile currencies since 2023: RBI governor")
Eid-e-Milad 2024 bank holiday: Are banks closed today? Check details
On September 16, public and private sector banks are closed in multiple states on the occasion of Eid-e-Milad. Here's all you need to know
 "Eid-e-Milad 2024 bank holiday: Are banks closed today? Check details")
Jan-Dhan accounts: A new option for state-owned banks to mobilise deposits
Following this, many banks are exploring previously untapped areas to mobilise deposits while choosing not to engage in an interest rate war
 "Jan-Dhan accounts: A new option for state-owned banks to mobilise deposits")
Have distance to cover on inflation, can't look other way: RBI Governor
Central bank in no rush to cut rates as projections say inflation is moderating, says Shaktikanta Das
 "Have distance to cover on inflation, can't look other way: RBI Governor")
'India's growth potential is above 7.5%': RBI Governor Shaktikanta Das
At a Singapore forum, RBI Governor Shaktikanta Das projected that India has a growth potential of at least 7.5%, slightly above the RBI's official 7.2% forecast for 2024-25
 "'India's growth potential is above 7.5%': RBI Governor Shaktikanta Das")
Banks plan to ring in festival-season offers with a note of caution
Post-Covid pent-up demand over, lenders to stay careful as personal loan delinquencies on the rise
 "Banks plan to ring in festival-season offers with a note of caution")
In a first, govt to conduct yearly private capex survey from October
The annual private capex survey will run in conjunction with the annual survey of industries, which tracks output, value-added, and employment across manufacturing sector enterprises
 "In a first, govt to conduct yearly private capex survey from October")
Retail inflation inches up to 3.65% in August; IIP growth at 4.8% in July
The data released by NSO on Thursday showed that food inflation rose slightly to 5.66 per cent from 5.42 per cent in July
 "Retail inflation inches up to 3.65% in August; IIP growth at 4.8% in July")
NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai
NaBFID has already sanctioned Rs 20,000 cr of its target of Rs1 trillion for the 12 months through March 2025
 "NaBFID plans Rs 53,000 crore debt raise in FY25, says MD Rajkiran Rai")
