Page 19 - Latest Updates on Reserve Bank of India
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
 "SBI Fund sees Union Budget 2024 arming Reserve Bank with liquidity tool")
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")
With growth steady, policy must focus on inflation: RBI Governor Das
In the last three years, the average growth of India has been 8.3 per cent, he said
 "With growth steady, policy must focus on inflation: RBI Governor Das")
Revival in rural spending pushing demand conditions: RBI bulletin
India's natural rate of interest now at 1.4%-1.9%, says RBI bulletin
Union Budget 2024 to signal next steps for IDBI Bank privatisation
IDBI Bank's market capitalisation is around Rs 95,000 crore. The government could secure close to Rs 29,000 crore for the sale of 30.5% of its 45.5% stake
 "Union Budget 2024 to signal next steps for IDBI Bank privatisation")
Rupee depreciates 4 paise to 83.55 against US dollar in early trade
On Friday, the rupee settled at 83.51 against the US dollar
 "Rupee depreciates 4 paise to 83.55 against US dollar in early trade")
Commercial banks in India step up their control to check 'mule' fraud
0.5-1% of new accounts opened by mules
 "Commercial banks in India step up their control to check 'mule' fraud")
India Inc files ECB intent worth $4.28 billion in May, shows RBI data
Out of this, the intent for fund raise through the automatic route amounted to $ 3.66 billion and that via approval route was $ 343.2 million, according to RBI data
 "India Inc files ECB intent worth $4.28 billion in May, shows RBI data")
India's credit ratings upgrade is long overdue: RBI Guv Shaktikanta Das
Governor of the Reserve Bank of India Shaktikanta Das said that India is capable of meeting its external payment obligations and a credit ratings upgrade should happen soon
India generated 125 million jobs between FY14 & FY23, says SBI Report
Besides, the report also noted that the total employment reported by micro, small and medium enterprises (MSMEs) registered with the MSME Ministry has crossed 200 million
 "India generated 125 million jobs between FY14 & FY23, says SBI Report")
Hopes in the balance: How much can the Budget do for the rural sector?
The government will have to tweak the demand for Mahatma Gandhi National Rural Employment Guarantee Act and may retain the demand for PM Kisan to not allow fiscal slippage
 "Hopes in the balance: How much can the Budget do for the rural sector?")
