Page 8 - Latest Updates on Reserve Bank of India
Looking for RBI gold bonds on Diwali? Here's why Centre may not issue them
Due to global uncertainties, gold prices have soared almost 30 per cent since last Diwali, prompting consumers to explore alternative investment resources to meet their financial goals
 "Looking for RBI gold bonds on Diwali? Here's why Centre may not issue them")
Microlenders under RBI lens for 'netting off' loans; all you need to know
During its FY24 annual inspection of banks and NBFCs, the RBI flagged concerns regarding the widespread use of 'netting off' in microfinance loans
 "Microlenders under RBI lens for 'netting off' loans; all you need to know")
RBI to cut rates in Dec to 6.25%, say narrow majority of economists: Poll
The central bank has held interest rates at their highest since early 2019 for the past 10 meetings
 "RBI to cut rates in Dec to 6.25%, say narrow majority of economists: Poll")
Jio Payment Solutions gets RBI greenlight for online payment aggregation
The authorisation, effective from October 28 permits JPSL to handle digital transactions in compliance with Section 7 of the Payment and Settlement Systems Act, 2007
 "Jio Payment Solutions gets RBI greenlight for online payment aggregation")
Explained: Has India's exchange rate regime changed for the worse?
Ever since the liberalisation in 1991, the RBI has pursued a flexible exchange rate policy
 "Explained: Has India's exchange rate regime changed for the worse?")
RBI sets Rs 300 cr networth criteria for central counterparty authorisation
According to directions, every authorised CCP has to submit an audited networth certificate as at close of financial year from the statutory auditor within six months of closure of financial year
RBI's upbeat growth estimates create confusion, concern among economists
The central bank has stuck to its forecast that India's economy will expand 7.2 per cent in the year ending March 2025
 "RBI's upbeat growth estimates create confusion, concern among economists")
RBI Governor Shaktikanta Das gets top central banker award by US magazine
This is the second consecutive year that he has been ranked as the top central banker globally
 "RBI Governor Shaktikanta Das gets top central banker award by US magazine")
Cryptocurrencies huge risks to financial stability, says RBI Guv Das
There has to be (an) international understanding on this issue, being fully mindful of the huge risks associated with cryptocurrencies
 "Cryptocurrencies huge risks to financial stability, says RBI Guv Das")
New updates: IT ministry issues advisory to social media companies regarding misinformation
Stay with us for all the news updates from across the globe
 "New updates: IT ministry issues advisory to social media companies regarding misinformation")
Economic think-tank NIPFP cuts India's FY25 GDP growth forecast to 6.9-7.1%
Cuts it to 6.9-7.1% from 7.1-7.4% estimated earlier in its April study
 "Economic think-tank NIPFP cuts India's FY25 GDP growth forecast to 6.9-7.1%")
FAR securities receive 60,000 crore inflows since JP Morgan inclusion
FPI investment in FAR securities had doubled, surpassing the Rs. 2 trillion mark within nine months of announcement of JP Morgan including Indian debt in its index
 "FAR securities receive 60,000 crore inflows since JP Morgan inclusion")
On the table: FinMin to review public sector banks co-lending, MSME credit
DFS secy M Nagaraju to chair meeting on November 5
 "On the table: FinMin to review public sector banks co-lending, MSME credit")
RBI's lending ban cannot be the answer to India's credit excesses
Excesses spike in post-pandemic inflation and an uneven recovery that bypassed working-class families has aggravated the challenge
Navi Finserv cancels Rs 100 cr bond issuance plan after RBI action
The central bank had last week barred the NBFC from sanctioning and disbursing additional loans for charging exorbitant interest rates
 "Navi Finserv cancels Rs 100 cr bond issuance plan after RBI action")
Proposal to reshape India's money-changing industry hits a roadblock
Central bank called for industry to have forex correspondents but there has been no progress
 "Proposal to reshape India's money-changing industry hits a roadblock")
Crackdown on four NBFCs: 14% spread on loans prompted RBI action
The regulator took such stern action amid a risk of rural distress due to unfair practices
 "Crackdown on four NBFCs: 14% spread on loans prompted RBI action")
RBI lifts lending restrictions from JM Financial's non-banking unit
JM Financial's non-banking unit can now immediately offer loans against shares and debentures, according to a brief statement from the financial services group
 "RBI lifts lending restrictions from JM Financial's non-banking unit")
A day after RBI curbs on NBFCS: Fintechs may face temporary disruption
The ban on sanction and disbursement for its partner DMI Finance would be effective from October 21, as per the RBI directive
 "A day after RBI curbs on NBFCS: Fintechs may face temporary disruption")
We don't want to join any party: RBI Guv on rate cut by other central banks
We are not managing the exchange rate, Das clarified
