Page 24 - Latest Updates on Reserve Bank of India
RBI MPC June meeting underway: It's goal, members; everything explained
The RBI MPC is entrusted with the responsibility of monetary policy in India with the primary objective of maintaining price stability while keeping in mind the objective of growth
 "RBI MPC June meeting underway: It's goal, members; everything explained")
MPC meeting: How has inflation behaved since RBI hiked repo rate last year
The expectations for the RBI panel to begin cutting interest rates soon are there, however, the exact timing remains uncertain
 "MPC meeting: How has inflation behaved since RBI hiked repo rate last year")
RBI may keep interest rates on hold as slim Modi win boosts fiscal risks
Economists had already been pushing their forecasts for rate cuts to later in the year, predicting the RBI won't move until the US Federal Reserve pivots
 "RBI may keep interest rates on hold as slim Modi win boosts fiscal risks")
RBI Monetary Policy June 2024: Check date, time and what to expect
RBI Policy: The six-member committee tasked with setting India's benchmark interest rate, the repo rate, will meet from June 5 to June 7
 "RBI Monetary Policy June 2024: Check date, time and what to expect")
Govt borrowing cut expectations fade as coalition govt takes shape
The bond market anticipates that the Reserve Bank of India (RBI) will continue conducting buyback auctions to manage the government's surplus cash
 "Govt borrowing cut expectations fade as coalition govt takes shape")
Smiling with a stiff upper lip
Alpana Killawala's book gives us a reality check and puts the role of communication at the Reserve Bank of India, along with people specialising in the function, into perspective
 "Smiling with a stiff upper lip")
RBI expected to hold rates on Friday as economic growth stays robust
The MPC last changed rates in February 2023, when the policy rate was hiked to 6.5%
RBI's Monetary Policy Committee second meeting of FY25 from June 5-7
A poll by Bloomberg revealed that economists expected the India's central bank to maintain the repo rate at 6.5 per cent for the eight consecutive time
Building blocks
Next govt must build on macro strengths
 "Building blocks")
Of cricket and monetary policy
The June policy will be one of status quo in every way. There will be no change in rate or stance
 "Of cricket and monetary policy")
India Q4 GDP numbers today: Will the actual data match the predictions?
India's GDP growth rate accelerated to 8.4% in Q3FY24; FY24 growth estimate at 7.6%
Reserve Bank of India to delay interest rate cut to late this year: Poll
With near-8 per cent growth, the fastest among major world economies, and above-trend inflation there is also little urgency for the RBI to begin cutting rates unless concerns emerge about a slowdown
 "Reserve Bank of India to delay interest rate cut to late this year: Poll")
RBI transfers 100 tonnes of gold from UK to its domestic vaults in India
Reports say that another similar amount of gold could be en route to the country in the coming months
 "RBI transfers 100 tonnes of gold from UK to its domestic vaults in India")
Govt bond yields largely unchanged as traders await fresh debt supply
New Delhi will raise Rs 29,000 crore ($3.48 billion) through the sale of bonds later in the day and the auction includes a new five-year paper worth Rs 12,000 crore
 "Govt bond yields largely unchanged as traders await fresh debt supply")
RBI to allow opening of rupee account outside India to boost currency use
The RBI will permit opening of rupee (INR) accounts outside India by persons resident outside India (PROIs) as part of the 2024-25 agenda for internationalisation of the domestic currency
Bank frauds rise 166% in FY24 to over 36,000 cases, shows RBI annual report
RBI annual report: Amount involved in bank frauds decreased 46.7% in FY24 to Rs 13,930 cr
Number of frauds in banking sector rises in FY24, amount declines 47%: RBI
While small value card/internet frauds contributed maximum to the number of frauds reported by the private sector banks, the frauds in public sector banks were mainly in loan portfolio
 "Number of frauds in banking sector rises in FY24, amount declines 47%: RBI")
RBI plans regulations to bolster financial sector, says annual report
Measures to be more principle-based rather than entity-oriented
 "RBI plans regulations to bolster financial sector, says annual report")
India's FDI inflows fell 3% to $44 bn in FY24; manufacturing down 18%
FDI inflows into India's manufacturing sector in FY24 are among the lowest in five years, according to provisional data in the RBI annual report
 "India's FDI inflows fell 3% to $44 bn in FY24; manufacturing down 18%")
RBI balance sheet grows 11.08% to Rs 70.47 trn in FY24, income up 17%
Central bank's contingency risk buffer at 6.5% of balance sheet, says annual report
 "RBI balance sheet grows 11.08% to Rs 70.47 trn in FY24, income up 17%")
