Page 15 - Latest Updates on Reserve Bank of India
NaBFID should become self-sustainable, not rely on govt: RBI dy governor
NaBFID is a development finance institution that was set up in 2021 to focus on infrastructure funding
 "NaBFID should become self-sustainable, not rely on govt: RBI dy governor")
Paytm to focus on core business; deliver profitability soon: CEO Sharma
Company has 'thoroughly examined' business processes, he says as impact of RBI strictures on payments bank continues
 "Paytm to focus on core business; deliver profitability soon: CEO Sharma")
SSY: Attractive scheme for girl child, provided you don't mind lock-in
An account can be opened for a girl child below 10 years of age. It matures 21 years from the end of the financial year in which it was opened
 "SSY: Attractive scheme for girl child, provided you don't mind lock-in")
Reserve Bank to stick to higher digitally-linked deposit buffer proposal
In India, retail and small business accounts make up around two-thirds of deposits, of which more than 50 per cent are digitally accessible, Moody's estimates
 "Reserve Bank to stick to higher digitally-linked deposit buffer proposal")
RBI rejects Canara Bank's bid for credit card subsidiary amid concerns
The decision by the Reserve Bank of India comes amid increasing concerns over the growing volume of unsecured loans in the banking sector
 "RBI rejects Canara Bank's bid for credit card subsidiary amid concerns")
Inflation likely held steady at five-year low of 3.5% in August: Poll
Although food prices, which make up nearly half the inflation basket, have eased significantly in the last two months, erratic monsoon rains across India could harm crop yields
 "Inflation likely held steady at five-year low of 3.5% in August: Poll")
Inflation likely held below RBI's target at 3.5% again in Aug, finds survey
Although food prices, which make up nearly half the inflation basket, have eased significantly in the last two months, erratic monsoon rains across India could harm crop yields
 "Inflation likely held below RBI's target at 3.5% again in Aug, finds survey")
Rupee flat as markets expect RBI support; other Asian currencies slip
While there is a small possibility that the RBI may let the currency weaken slightly below the 84 mark, runaway moves remain quite unlikely
 "Rupee flat as markets expect RBI support; other Asian currencies slip")
US slowdown impact: Rupee may dip on risk aversion; Fed uncertainty remains
The Reserve Bank of India likely intervened on multiple occasions last week to support the rupee
 "US slowdown impact: Rupee may dip on risk aversion; Fed uncertainty remains")
RBI may shift to neutral stance as monsoon eases food inflation concerns
Monsoon progress brightens food inflation outlook
 "RBI may shift to neutral stance as monsoon eases food inflation concerns")
RBI seeks granular data from NBFCs, wants to check lending standards
Purpose is also to check if interest rates being charged are in line with far practices code
 "RBI seeks granular data from NBFCs, wants to check lending standards")
RBI Guv headed FSDC reviews overall macroeconomic, financial developments
It also reviewed issues relating to inter-regulatory coordination in the Indian financial sector, the RBI said in a statement after the 31st meeting of the FSDC Sub-Committee
 "RBI Guv headed FSDC reviews overall macroeconomic, financial developments")
Rupee inches closer to 84 against dollar on high greenback demand
Closes at new loan of 83.99/$
 "Rupee inches closer to 84 against dollar on high greenback demand")
Provide more employment opportunities to women, RBI Guv Das tells banks
In his inaugural address at the Annual FIBAC 2024 Conference organised jointly by Ficci and IBA, Das said India's female labour force participation remains lower than the global average
 "Provide more employment opportunities to women, RBI Guv Das tells banks")
Russian funds in Indian vostro accounts fall to $3.5 bn: What is their use?
Russian funds in Indian rupee vostro accounts have halved to $3.5 billion in 12-15 months. Vostro accounts, introduced in July 2022 in India, facilitate rupee trade
 "Russian funds in Indian vostro accounts fall to $3.5 bn: What is their use?")
India's shrinking balance of payments surplus keeps rupee near record lows
RBI has been regularly intervening in the forex markets on both sides, leading to rupee holding a narrow range
 "India's shrinking balance of payments surplus keeps rupee near record lows")
RBI board reviews global, domestic economy, associated challenges
The Board also reviewed various areas of operations of the Reserve Bank of India including the functioning of Local Boards and activities of select central office departments, RBI said
 "RBI board reviews global, domestic economy, associated challenges")
Room for rate adjustments if food inflation decreases: Viral Acharya
Acharya explains why food inflation should not be excluded from the inflation targeting framework
 "Room for rate adjustments if food inflation decreases: Viral Acharya")
Rupee at closing low; RBI intervention prevent from touching 84 per dollar
The local currency settled at 83.97 per dollar on Tuesday, almost flat compared to the previous close. The previous record low of 83.97 was hit on August 13 of the current year
Rupee drops to record low amid negative global cues, RBI support aids
Over the last month, there were several instances when the Reserve Bank of India intervened on both sides of the forex market to support the currency
 "Rupee drops to record low amid negative global cues, RBI support aids")
