Page 17 - Latest Updates on Reserve Bank of India
RBI to hold rates, may sound confident of reaching inflation target: Report
While it's a close call, we also think the policy stance will remain unchanged, even as the RBI sounds more confident than before about getting to its 4 per cent inflation target, the report said
 "RBI to hold rates, may sound confident of reaching inflation target: Report")
July inflation dipped below RBI's target, high base effect at play: Poll
The Aug. 2-7 poll of 36 economists forecast the consumer price index rose at an annual rate of 3.65 per cent last month, down sharply from 5.08 per cent in June
 "July inflation dipped below RBI's target, high base effect at play: Poll")
RBI asks top banks to refrain from large trading bets against rupee
The Indian rupee turned into the worst-performing Asian currency over the last month, pressured by the unwinding of trades that used the Chinese yuan to fund long bets on the local currency
RBI begins discussions on monetary policy amid no rate change expectations
The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then it has held the rate at same level in its last seven bi-monthly monetary policy reviews
Religare Enterprises sends Burmans' open offer plea to Sebi, RBI
The move follows directions passed last month by the Securities Appellate Tribunal and an order issued in June by Sebi against the management
 "Religare Enterprises sends Burmans' open offer plea to Sebi, RBI")
Food inflation target evades RBI MPC members as panel rejig looms
The six-member monetary policy committee (MPC), which includes three central bank officials and three external members, is recast every four years when the govt appoints a new set of external members
RBI proposes regulatory principles for managing model risks in credit
With a view to ensuring prudence and robustness, in the use of such models, RBI proposed to lay down certain broad regulatory principles which should be adopted by REs
Google Pay, PhonePe, and Amazon Pay seek entry into RBI's digital rupee
These payment firms are collaborating with the RBI and the NPCI and are anticipated to introduce e-rupee access within the next three to four months, according to a Reuters report
 "Google Pay, PhonePe, and Amazon Pay seek entry into RBI's digital rupee")
RBI monetary policy from August 6-8: when and where to watch; more details
According to a poll conducted by Business Standard ahead of the meeting, the central bank is expected to maintain a status quo for the ninth consecutive policy review
 "RBI monetary policy from August 6-8: when and where to watch; more details")
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
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
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")
