Page 25 - Latest Updates on Reserve Bank of India
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
 "Bank frauds rise 166% in FY24 to over 36,000 cases, shows RBI annual report")
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%")
RBI liquidity operations to match monetary policy stance: Annual report
Central bank says it uses 'judicious mix' of instruments to regulate liquidity
 "RBI liquidity operations to match monetary policy stance: Annual report")
'Climate shocks' add uncertainty to inflation outlook: RBI annual report
Central bank highlights trading risks and, high reliance on bulk deposits of banks
RBI's increased scrutiny of banks, financial firms leads to restrictions
Since 2020, the RBI has placed business restrictions on many players
GDP growth robust on back of healthy balance sheets of banks, says RBI
The Reserve Bank's Annual Report for 2023-24 said that the Indian economy is navigating the drag from an adverse global macroeconomic and financial environment
 "GDP growth robust on back of healthy balance sheets of banks, says RBI")
S Korea's Shinhan Bank gets CCI nod to acquire 11% stake in HDFC Credila
HDFC Credila Financial Services, is a Reserve Bank of India (RBI)-registered non-deposit taking non-banking financial company
 "S Korea's Shinhan Bank gets CCI nod to acquire 11% stake in HDFC Credila")
Edelweiss tanks 17% as RBI imposes biz restrictions on EARCL, ECL Finance
These directions shall be reviewed by RBI upon satisfactory remediation of their observations
 "Edelweiss tanks 17% as RBI imposes biz restrictions on EARCL, ECL Finance")
Some Indian asset recast firms circumventing rules: RBI deputy Swaminathan
The RBI has increased supervision of regulated entities to prevent systemic risks and to ensure that regulations are followed
RBI launches G-sec app, PRAVAAH portal: Here is all you need to know
'The launch of a mobile app for accessing the Retail Direct portal will provide greater convenience to retail investors and deepen the G-sec market,' said the RBI Governor
