Page 35 - Latest Updates on Reserve Bank of India
Bull market ageing, could lose steam from here, says Shankar Sharma
A 'Bull', he said, can at best do a short sprint and needs occasional breaks / pauses to catch its breath before charging again
 "Bull market ageing, could lose steam from here, says Shankar Sharma")
RBI fines Mandi cooperative bank in Rs 6 lakh for not complying with rules
The Mandi Urban Co-operative Bank faced the RBI penalty based on the select inspection of the bank conducted with reference to its financial position as on March 31, 2022
 "RBI fines Mandi cooperative bank in Rs 6 lakh for not complying with rules")
Rupee's decline to record low triggers biggest selloff in Indian bonds
The selloff came on the day when the rupee fell by the most in six months
 "Rupee's decline to record low triggers biggest selloff in Indian bonds")
NBBL to begin work on net banking interoperability from April: Report
The RBI had earlier approved an interoperable system saying it will standardise settlement cycles for merchants, improve customer grievance mechanism
 "NBBL to begin work on net banking interoperability from April: Report")
RBI clampdown may tighten loan growth in FY25, says S&P Global Ratings
The recent regulatory measures have upside in terms of curtailing lenders' over-exuberance, enhancing compliance culture, and safeguarding customers
 "RBI clampdown may tighten loan growth in FY25, says S&P Global Ratings")
Short-term rates decline amid strong variable rate repo auction demand
The liquidity deficit in the banking system widened to Rs 1.22 trillion on Monday, according to the latest data by the RBI
 "Short-term rates decline amid strong variable rate repo auction demand")
RBI's regulatory scrutiny may raise lenders' capital costs: S&P Global
The stricter rules may also disrupt affected entities, increase caution among fintechs and other regulated entities, and even dent their earnings and reputation, S&P said
 "RBI's regulatory scrutiny may raise lenders' capital costs: S&P Global")
Rupee recovers from all-time lows; rises 29 paise to 83.32 per dollar
India's forex reserves increased by USD 6.396 billion to $642.492 billion for the week ended March 15, the Reserve Bank said on Friday
 "Rupee recovers from all-time lows; rises 29 paise to 83.32 per dollar")
RBI likely to hold rates steady until at least July on strong growth: Poll
All 56 economists in the March 15-22 Reuters poll expected the RBI to hold the repo rate at 6.50% at the conclusion of its April 3-5 meeting
 "RBI likely to hold rates steady until at least July on strong growth: Poll")
Google Play billing system comes under RBI scanner over alleged violations
The complaint pertains to the operation of several of Google's aggregator platforms in India, which are registered in foreign countries, including Singapore and the US
 "Google Play billing system comes under RBI scanner over alleged violations")
Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA
That's because of the recent rise in risk weights by the Reserve Bank of India for NBFC exposures
 "Bank direct lending to NBFCs to moderate at Rs 1.7-1.9 trn in FY25: ICRA")
Growing fast, fintech needs a way to keep watch on itself
Global banking generated $6.5 trn as revenue in 2022: Fintech had 5% of the same. But by 2028, fintech revenues are expected to grow three times faster
 "Growing fast, fintech needs a way to keep watch on itself")
How the RBI is minting a new nationwide currency logistics framework
RBI issues, manages currency through 19 offices, currency chests, small coin depots
Amazon Pay to ramp up Smart Stores service partnership to 150 brands
The company has launched 18,000 Smart Stores in India since its inception in 2019
 "Amazon Pay to ramp up Smart Stores service partnership to 150 brands")
Amid record forex reserves, rupee hits new closing low of Rs 83.43
RBI intervention not seen; Delivery of $/Re swap boosts reserves
 "Amid record forex reserves, rupee hits new closing low of Rs 83.43")
RBI conducts 3 VRR auctions in a day as overnight rates go past MSF rate
The weighted average money market rate closed at 6.77 per cent on Friday, compared to 6.73 per cent on Thursday. The MSF rate currently stands at 6.75 per cent
 "RBI conducts 3 VRR auctions in a day as overnight rates go past MSF rate")
RBI offices, bank branches for govt biz to stay open on Mar 30& 31
Special clearing operations for cheques
India's forex kitty rises by $6.40 billion to $642.50 billion: RBI data
In the previous reporting week, the overall reserves had risen by USD 10.47 billion to USD 636.095 billion
 "India's forex kitty rises by $6.40 billion to $642.50 billion: RBI data")
RBI offices dealing with govt business to remain open on March 30, 31
In order to facilitate government receipts and payments, necessary arrangements have also been made to conduct special clearing operations across the country, it added
 "RBI offices dealing with govt business to remain open on March 30, 31")
Cibil score: How it tracks your credit history, how to improve your record
Reserve Bank of India has mandated all banks to check customers' credit scores for loan or credit card applications.
 "Cibil score: How it tracks your credit history, how to improve your record")
