Page 19 - Latest Updates on Reserve Bank of India
Reserve Bank of India must retain focus on food inflation, say economists
The prescription for inflation-minus-food found mention in the government's pre-budget Economic Survey published last week
 "Reserve Bank of India must retain focus on food inflation, say economists")
RBI plans five-episode web series to showcase its 90-yr journey, functions
Bank is desirous of creating a web series of 5 episodes of around 25-30 minutes each, which can be aired on national TV channels and/or OTT platforms, commemorating RBI's 90 yrs journey, it said
 "RBI plans five-episode web series to showcase its 90-yr journey, functions")
Shriram Group gets RBI nod to venture into asset reconstruction biz
The conglomerate announced last year it would enter ARC and wealth management businesses
 "Shriram Group gets RBI nod to venture into asset reconstruction biz")
RBI slaps fine of Rs 2.4 crore on Visa for unauthorised payment method
The central bank has aimed to tighten scrutiny of the processes followed by financial technology, or fintech, companies
RBI's draft LCR norms: Banks likely to see 4-11% impact on earnings
According to analysts, banks with an LCR exceeding 130 per cent are relatively comfortable, though not many lenders boast such robust ratios
 "RBI's draft LCR norms: Banks likely to see 4-11% impact on earnings")
Rupee falls to new low on oil importers' dollar demand, weak risk appetite
The rupee remained under pressure during the week due to persistent outflows from domestic equities, said dealers
 "Rupee falls to new low on oil importers' dollar demand, weak risk appetite")
Reserve Bank of India releases PCA framework for urban cooperative banks
The new framework will be applicable to UCBs with deposits above Rs 100 crore
RBI Recruitment alert 2024: Registration begins for 94 posts, check process
RBI started the registration process for Grade B officers' posts. The vacancy aims to fill 94 positions. Interested candidates can apply through the official website, i.e., rbi.org.in
RBI's proposed liquidity norms expected to raise demand for bonds
The new norms will pose requirements for higher liquid assets for the banks to shore up their LCRs
 "RBI's proposed liquidity norms expected to raise demand for bonds")
India's financial system looks stronger than in the past: RBI dy guv Rao
He further said the Indian banking sector, in particular, has demonstrated significant improvement in key metrics such as capital adequacy, asset quality, and profitability
 "India's financial system looks stronger than in the past: RBI dy guv Rao")
RBI proposes to tighten banks' LCR norms, releases draft guidelines
Additional 5% 'run-off' factor imposed on retail deposits in view of proliferation of digital banking
 "RBI proposes to tighten banks' LCR norms, releases draft guidelines")
RBI drafts liquidity norms, adding buffers for electronic fund transfers
It added that unsecured wholesale funding provided by non-financial small business customers shall be treated in accordance with the treatment of retail deposits
 "RBI drafts liquidity norms, adding buffers for electronic fund transfers")
Budget: TDS on income from G-sec unlikely to impact retail participation
In the Union Budget for the previous financial year 2023-24, it was announced that a 10 per cent TDS on interest payments would be applied to listed bonds (debentures) starting April 1, 2023
 "Budget: TDS on income from G-sec unlikely to impact retail participation")
RBI tightens domestic transfer rules: KYC must for walk- in money transfer
Remitting bank shall obtain and keep a record of the name and address of beneficiary, according to new norms
India needs to monetise assets to support spending, says JPMorgan
The federal budget released Tuesday targeted a smaller fiscal deficit for this year on the back of a record dividend from the Reserve Bank of India
 "India needs to monetise assets to support spending, says JPMorgan")
Union Budget 2024: Revenue expenditure raised, capex remains untouched
Allocations for Andhra Pradesh and Bihar, but financial implication unclear
 "Union Budget 2024: Revenue expenditure raised, capex remains untouched")
RBI dy guv flags risks in digital outsourcing for financial companies
'Inadequate management' of such relationships can expose regulated entities to reputational damage, says M Rajeshwar Rao
 "RBI dy guv flags risks in digital outsourcing for financial companies")
SBI Fund sees Union Budget 2024 arming Reserve Bank with liquidity tool
MSS bonds are issued by the government outside the normal borrowing program to enable the Reserve Bank of India soak up liquidity
Optimal policy position
MPC should focus on inflation management
 "Optimal policy position")
No plans to allow business houses to promote banks: RBI Governor Das
The RBI had disqualified a long list of conglomerates from floating a lender in the last round of licensing around a decade ago
 "No plans to allow business houses to promote banks: RBI Governor Das")
