Page 30 - Latest Updates on Reserve Bank of India
RBI revises banks' capital market exposure norms for T+1 settlement
The limit of 30 per cent for risk is based on the assumption of 20 per cent downward price movement of the equities on T+1
 "RBI revises banks' capital market exposure norms for T+1 settlement")
Atanu Chakraborty re-appointed HDFC Bank chairman for three years
Atanu Chakraborty is not related to any other directors or key managerial personnel of the bank.
 "Atanu Chakraborty re-appointed HDFC Bank chairman for three years")
Have some risk appetite? Invest in highly rated company fixed deposits
While they offer higher returns than bank FDs, they are not protected by deposit insurance
 "Have some risk appetite? Invest in highly rated company fixed deposits")
Dollar swap option returns to India after RBI rule change for lenders
The central bank, effective Friday, expanded the range of products banks can offer to eligible corporates, which included swaptions, or an option to enter into an interest rate swap
 "Dollar swap option returns to India after RBI rule change for lenders")
RBI allows standalone primary dealers to borrow in foreign currency
May access overdraft facilities in nostro accounts solely for operational use
 "RBI allows standalone primary dealers to borrow in foreign currency")
Bajaj Finance jumps 8% intraday after RBI lifts ban on eCOM, Insta EMI Card
Bajaj Finance stock price update: This was Bajaj Finance stock's biggest single-day rally in three years
 "Bajaj Finance jumps 8% intraday after RBI lifts ban on eCOM, Insta EMI Card")
Indian rupee to keep in a tight range amid RBI intervention: Report
The RBI has kept the rupee in a narrow range against the dollar and is only down about 0.3% this year unlike most of its Asian peers which have weakened a lot more
Bajaj Finance to resume lending via eCOM, Insta EMI Card as RBI lifts curbs
The company further said it would now resume sanction and disbursal of loans in the two business segments including issuance of EMI cards
 "Bajaj Finance to resume lending via eCOM, Insta EMI Card as RBI lifts curbs")
Currency derivatives volumes plunge significantly on RBI exposure norms
The central bank deferred exposure rules implementation until May 3 amid investor concerns
 "Currency derivatives volumes plunge significantly on RBI exposure norms")
CFA bats for enhanced climate accountability measures in RBI's draft norms
Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements
India's government bond outflows in April not normal, say analysts
Barclays' Kotecha eyes $20-$25 billion, with upside risks as an attractive carry, stable currency, and a positive macro backdrop and fiscal picture make Indian bonds attractive
 "India's government bond outflows in April not normal, say analysts")
Economists push out RBI's interest rate cut forecasts to end of year
The RBI may start cutting its benchmark repurchase rate, currently at 6.5 per cent, by a total of 50 basis points in the October-December period before pausing for a few months
 "Economists push out RBI's interest rate cut forecasts to end of year")
Lenders request RBI approval to sell Jaiprakash Associates loan to NARCL
SBI-led lenders are pursuing RBI clearance to shift real estate firm's Rs 18,000 crore debt to NARCL in a Rs 10,000 crore deal
Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns
The drop came after joint managing director (Joint MD) KVS Manian stepped down from his role at the bank and its board after 29 years of service
 "Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns")
Govt bond yields likely to dip tracking US yields on Fed rate stance
The 10-year yield was around the crucial 4.60% mark, while the two-year yield, a closer indicator of interest rate expectations was around 4.95%
Enlightened leadership needed to resolve tax distribution: Subbarao
"This (north-south divide in deciding on the distribution of the tax pool among states) is a complex political challenge beyond the remit of the Finance Commission
 "Enlightened leadership needed to resolve tax distribution: Subbarao")
UPI transactions dip marginally in April to Rs 19.64 trn; grow Y-o-Y
Fasting, IMPS and Apes transactions decline too in the month
 "UPI transactions dip marginally in April to Rs 19.64 trn; grow Y-o-Y")
RBI proposes to bring NBFCs, co-op banks under operational risk norms
The 2005 guidance on the issue, which will be repealed, was aimed only at commercial banks
 "RBI proposes to bring NBFCs, co-op banks under operational risk norms")
RBI issues guidance note on operational risk management, resilience
The RBI said all REs must perform a risk assessment and due diligence before entering into any arrangements with third parties or external entities
Positive real yields on India govt bonds visible, says SBI official
The inflation-adjusted returns will accrue even if inflation does not ease to the Reserve Bank of India's 4% target and stabilises around 5%, he said
 "Positive real yields on India govt bonds visible, says SBI official")
