Page 18 - Latest Updates on Reserve Bank of India
Tamilnad Mercantile Bank submits fresh names for MD, CEO post to RBI
At present, around 93 per cent of its business comes from the retail, agriculture, and micro, small and medium enterprise (MSME) sectors
 "Tamilnad Mercantile Bank submits fresh names for MD, CEO post to RBI")
RBI rate decision, global trends major factors to drive mkt: Analysts
Besides, trading activity of foreign investors and the last batch of Q1 earnings announcements would also guide trends in equities
 "RBI rate decision, global trends major factors to drive mkt: Analysts")
RBI revises NPAs provision norms for co-op banks to ensure uniformity
Prescribes one-time measure for smoother transition to new regime
 "RBI revises NPAs provision norms for co-op banks to ensure uniformity")
Rupee near all-time low, RBI intervention expected to limit losses
The rupee had declined to its all-time low of 83.7450 on Wednesday
Lenders expect spurt in digital lending, deposit mobilisation in 5 years
44% of them expect to collect more than 50% of deposits through online modes
 "Lenders expect spurt in digital lending, deposit mobilisation in 5 years")
RBI may give NBFCs access to public tech credit platform for data flow
PTPFC knits data residing in various entities like governments, account aggregators, banks, credit information companies
 "RBI may give NBFCs access to public tech credit platform for data flow")
Bank of Baroda sees up to 15 percentage points LCR impact after RBI norms
The LCR level was 122 per cent in March 2024. As a part of liability management, the bank has sold down borrowing on excess Statutory Liquidity Ratio (SLR), Chand said
 "Bank of Baroda sees up to 15 percentage points LCR impact after RBI norms")
RBI's tighter liquidity norms credit positive for banks, says Moody's
The central bank released a set of preliminary guidelines last month, including suggesting that banks will be required to allocate an additional 5 per cent reduction in the stability of retail deposit
 "RBI's tighter liquidity norms credit positive for banks, says Moody's")
97.92% of Rs 2,000 banknotes returned; Rs 7,409 cr worth still with public
On May 19, 2023, the RBI announced the withdrawal of Rs 2000 denomination banknotes from circulation
 "97.92% of Rs 2,000 banknotes returned; Rs 7,409 cr worth still with public")
Govt exempts PSUs from meeting public shareholding norms for 2 years
All listed Indian companies, including public sector firms, are required to maintain a minimum public shareholding of 25% as per the market regulator's rules
 "Govt exempts PSUs from meeting public shareholding norms for 2 years")
Why Indian banks need to be extra nice to their less tech-savvy customers
Out of 820 million active internet users last year, 370 million used the web for digital banking
 "Why Indian banks need to be extra nice to their less tech-savvy customers")
Ransomware attack forces around 300 small banks to go offline: Report
National Payment Corporation of India, an authority that oversees payment systems, said that it had temporarily isolated C-Edge Technologies from accessing the retail payments system operated by NPCI
 "Ransomware attack forces around 300 small banks to go offline: Report")
RBI releases draft rules for Aadhaar based payment operators to avert fraud
The proposals focus on streamlining the process for onboarding of AePS touchpoint operators and on-going due diligence, as per an official statement on the central bank website
Evolving digital revolution
Policy and regulation will need consistent adaptation
 "Evolving digital revolution")
Draft framework: RBI for more options to authenticate digital payments
The first factor of authentication and the AFA would have to be from different categories, the RBI has stated
Bank holidays in August 2024: Here's the national and state-wise list
In total, banks will be closed for 13 days in August 2024
 "Bank holidays in August 2024: Here's the national and state-wise list")
RBI to hold interest rates steady in August, first cut expected in Q4: Poll
A sharp spike in food prices drove inflation in Asia's third-largest economy to a five-month high of 5.08 per cent in June
RBI issues norms to improve safety of payment systems with fraud monitoring
Directions aim to improve safety and security of the payment systems operated by PSOs by providing a framework for overall information security preparedness with an emphasis on cyber resilience
 "RBI issues norms to improve safety of payment systems with fraud monitoring")
11 public banks charge Rs 2,331 cr for non-maintenance of minimum balance
For the recovery of this charge from account holders, public sector banks have formulated slab structures based on different geographies and segments
 "11 public banks charge Rs 2,331 cr for non-maintenance of minimum balance")
Indian Bank eyes recovery of Rs 7,000 cr this financial year: MD & CEO
The bank has also received the approval from the Reserve Bank of India and shareholders to raise Rs 5,000 crore which would be decided at an opportune time
 "Indian Bank eyes recovery of Rs 7,000 cr this financial year: MD & CEO")
