Page 31 - Latest Updates on Reserve Bank of India
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
 "RBI issues guidance note on operational risk management, resilience")
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")
RBI asks all regulated entities to review their lending practices
The regulator has also asked the entities to take corrective measures, including system-level changes
RBI launches two key surveys to get inputs for upcoming monetary policy
It also seeks quantitative responses on current, three months ahead and one-year ahead inflation rates
AU Small Finance Bank eligible for universal banking licence application
AU Small Finance Bank has recorded profits for the previous two fiscal years, and maintained gross and net non-performing assets below 3% and 1%, respectively, as mandated by the RBI
 "AU Small Finance Bank eligible for universal banking licence application")
RBI's tight grip on Rupee boosts its allure for carry trades: Fidelity
The rupee rewards investors with a high yield than regional peers, and together with low volatility, makes it arguably one of the most attractive currencies on the planet, Paul Greer said in interview
 "RBI's tight grip on Rupee boosts its allure for carry trades: Fidelity")
Need more competition
Small finance banks have a clear path
 "Need more competition")
RBI lays out norms for voluntary conversion of SFBs into universal banks
AU SFB, a few others seen as contenders for conversion
 "RBI lays out norms for voluntary conversion of SFBs into universal banks")
RBI proposes 'digital-view' of loans to ensure transparency to borrowers
A digital view will provide a host of details to ensure that customers have prior information about potential lenders to make an informed decision on a loan product
 "RBI proposes 'digital-view' of loans to ensure transparency to borrowers")
Exporting services
India should sustain the momentum
 "Exporting services")
RBI directs Talkcharge to stop PPI, wallet issuance; refund balances
The fintech firm offers services such as cashbacks, coupons, and wallets to customers
 "RBI directs Talkcharge to stop PPI, wallet issuance; refund balances")
RBI plans curbs on suspect bank accounts to fight cyber fraud: Report
The suspensions would target accounts frequently misused to transfer funds gained from cyber crime, both government sources said
 "RBI plans curbs on suspect bank accounts to fight cyber fraud: Report")
As India develops, high food inflation will get less severe: Ashima Goyal
Replying to a question on India's current macroeconomic situation, Goyal said conditions have been created for sustainable and inclusive growth
RBI action on Kotak Bank: Stock plunges 12% as analysts turn bearish
RBI action on Kotak Mahindra Bank: With unsecured lending, especially credit cards, becoming key focus areas of most banks, Kotak Mahindra Bank will lose the opportunity to add the high-yield products
 "RBI action on Kotak Bank: Stock plunges 12% as analysts turn bearish")
Government approves one-year extension to RBI Deputy Governor Rabi Sankar
The Appointments Committee of the Cabinet has approved the re-appointment of T Rabi Sankar, Deputy Governor Reserve Bank of India, for a period of one year with effect from May 3, 2024, they said
 "Government approves one-year extension to RBI Deputy Governor Rabi Sankar")
Credit card spends rise 27% to Rs 18.26 trillion in FY24: RBI data
As of March, the outstanding number of credit cards in the system was 101 million, inching up from 100.60 million at the end of February 2024
 "Credit card spends rise 27% to Rs 18.26 trillion in FY24: RBI data")
Curbs on Kotak Mahindra Bank: How RBI has pulled up other firms in 5 years
HDFC Bank, Bank of Baroda and Paytm Payments Bank have faced action for alleged regulatory violations
REITs, InvITs mobilise Rs 1.3 trillion in past four years: RBI data
Experts and stakeholders are of the view that with India growing at a fast pace, REITs and InvITs are emerging as alternative investment instruments, especially for high net-worth individuals
 "REITs, InvITs mobilise Rs 1.3 trillion in past four years: RBI data")
RBI's compiled master direction on ARCs to be effective from April 24
'Non-complying ARC shall be subject to supervisory action,' says regulator
 "RBI's compiled master direction on ARCs to be effective from April 24")
Raising capital may be priority for incoming Dhanlaxmi Bank's CEO
Ajith Kumar K.K. will be fifth chief executive of Dhanlaxmi Bank in 9 years
 "Raising capital may be priority for incoming Dhanlaxmi Bank's CEO")
