Page 17 - Latest Updates on Reserve Bank of India
RBI to launch Unified Lending Interface to transform lending space: Das
There should not be in any rush to roll out system-wide CBDC before one acquires a comprehensive understanding of its impact, Das said
 "RBI to launch Unified Lending Interface to transform lending space: Das")
Tata Sons avoids mandatory listing after repaying Rs 20,000 crore debt
Tata Sons, the holding company of the Tata Group, has voluntarily surrendered its certificate of registration to the Reserve Bank of India (RBI)
 "Tata Sons avoids mandatory listing after repaying Rs 20,000 crore debt")
Likely to lose 1% of GDP growth in FY25, FY26 due to rate-cut delay: Varma
The only available yardstick for evaluating the tightness of monetary policy is the real interest rate. The nominal repo rate is useless for this purpose
 "Likely to lose 1% of GDP growth in FY25, FY26 due to rate-cut delay: Varma")
India should retain headline inflation as target: RBI's external rate panel
India adopted the inflation targeting framework in 2016, setting a 4% headline inflation target for the central bank's rate setting panel
 "India should retain headline inflation as target: RBI's external rate panel")
Rising costs from T+1 timeline may push weaker P2P players to the brink
While there are 26 licensees, only 10-11 players are active in this space, with the industry's assets under management totalling Rs 11,000 crore
 "Rising costs from T+1 timeline may push weaker P2P players to the brink")
Rupee to inch up, traders await cues from Powell on interest rate cuts
The rupee has been a laggard in Asia, not benefitting from the increased confidence of the Fed cutting rates at each of the remaining three meetings this year
 "Rupee to inch up, traders await cues from Powell on interest rate cuts")
Despite operational risks, data shows digital payments cruising ahead
In this context, Business Standard takes a look at how digital payments in India have evolved over the years.
 "Despite operational risks, data shows digital payments cruising ahead")
RBI's MPC to get new external members as current terms expire in October
The RBI MPC consists of six members: three from the RBI, including the governor, and three external members appointed by the government
 "RBI's MPC to get new external members as current terms expire in October")
India's GDP growth slowed down to six-quarter low of 6% in Q1 FY25: ICRA
The credit rating agency expects India's GDP to grow by 6.8 per cent for the full fiscal year 2024-25, lower than the 8.2 per cent achieved in 2023-24
 "India's GDP growth slowed down to six-quarter low of 6% in Q1 FY25: ICRA")
Paytm to cut remuneration of its board members, cap annual pay at Rs 48L
Currently, the annual salaries of non-executive independent directors of Paytm's board members runs into crores
 "Paytm to cut remuneration of its board members, cap annual pay at Rs 48L")
MSMEs' access to formal bank financing hurt due to asset shortage: RBI DG
It is challenging to assess the creditworthiness of small enterprises, says Swaminathan J
 "MSMEs' access to formal bank financing hurt due to asset shortage: RBI DG")
Ponzi like model of P2P lenders prompt crackdown, RBI finds high NPA
Violations of regulatory guidelines were confirmed through supervisory scrutiny; the regulator dealt with some of these platforms bilaterally for remedial action
 "Ponzi like model of P2P lenders prompt crackdown, RBI finds high NPA")
RBI guv Shaktikanta Das ranked as top central banker for 2nd straight year
Grades are based on a scale from A to F for success in inflation control, economic growth goals, currency stability and interest rate management
 "RBI guv Shaktikanta Das ranked as top central banker for 2nd straight year")
Banks' borrowings in India crosses Rs 9 trillion-mark in July: RBI
Bank borrowing figures for July 26 were up 20% compared to the borrowing figures of Rs 7.75 trillion for April 5
 "Banks' borrowings in India crosses Rs 9 trillion-mark in July: RBI")
IndusInd Bank stock price surges on RBI nod for Mutual Fund business
The increase in stock price follows the RBI approval for the bank to establish a wholly owned subsidiary dedicated to asset management and mutual funds, with additional equity capital infusion.
 "IndusInd Bank stock price surges on RBI nod for Mutual Fund business")
Periodic revision of deposit insurance coverage warranted: RBI dy governor
At present, limited coverage option is adopted in India with uniform deposit insurance coverage limited to an amount of Rs 5 lakh per depositor of each insured bank
 "Periodic revision of deposit insurance coverage warranted: RBI dy governor")
RBI releases framework for financial market self-regulatory organisations
The proposed self-regulatory organisations (SROs) can play a vital role in developing industry standards and best practices and ensuring that members adhere to these
RBI approves Salee Sukumaran Nair as MD, CEO of Tamilnad Mercantile Bank
Nair, a postgraduate in applied electronics, started his banking career in 1987
 "RBI approves Salee Sukumaran Nair as MD, CEO of Tamilnad Mercantile Bank")
RBI levies penalty on BoM, Hinduja Leyland Finance, Poonawalla Fincorp
The Reserve Bank of India (RBI) has, by an order dated August 8, 2024, imposed a monetary penalty of Rs 1.27 crore on Bank of Maharashtra for non-compliance with certain directions
RBI tightens norms for P2P lending platforms to improve transparency
No loan should be disbursed unless the lenders and the borrowers have been matched/mapped as per the board-approved policy framed, it added
 "RBI tightens norms for P2P lending platforms to improve transparency")
