Page 23 - Latest Updates on Reserve Bank of India
RBI rejects Raj Kumar Bansal's reappointment as Edelweiss ARC MD, CEO
Edelweiss Group crisis: The development followed days after the RBI cracked down on the Edelweiss group in May, imposing major business restrictions on two of its subsidiary companies
 "RBI rejects Raj Kumar Bansal's reappointment as Edelweiss ARC MD, CEO")
Rising India food costs likely snapped inflation downturn in May: Report
The Reuters poll of 50 economists conducted June 5-10 predicted consumer price inflation (CPI) is expected to have picked up to 4.89 per cent last month from April's 4.83 per cent.
 "Rising India food costs likely snapped inflation downturn in May: Report")
RBI opens gates for investors, companies to invest in overseas funds
The RBI issued a circular on Friday amending the Foreign Exchange Management (Overseas Investment) Directions, 2022, lifting several restrictions
 "RBI opens gates for investors, companies to invest in overseas funds")
Last mile journey to 4% inflation target is sticky: RBI Governor Das
Even the high rates of growth are enabling us to catch up with that level. So, no, signs of over- heating. On rate hikes being off the table, nothing is off the table.
 "Last mile journey to 4% inflation target is sticky: RBI Governor Das")
Reserve Bank of India to set up platform to curtail payment frauds
Auto replenishment facility for Fastags, NCMCs, UPI Lite wallets
 "Reserve Bank of India to set up platform to curtail payment frauds")
Must invest adequately in IT systems: RBI Governor Shaktikanta Das to banks
Underscores urgency to keep up with growth of digital payments
 "Must invest adequately in IT systems: RBI Governor Shaktikanta Das to banks")
Here's how industry leaders reacted to the RBI's June MPC decisions
The RBI MPC maintained its 'withdrawal of accommodation' stance and kept the repo rate unchanged at 6.5 per cent. The RBI revised FY25 GDP growth forecast to 7.2 per cent
 "Here's how industry leaders reacted to the RBI's June MPC decisions")
RBI likely to reduce key repo rate when inflation stabilises: India Inc
The central bank also retained its projection for retail inflation at 4.5 per cent for the current fiscal assuming a normal monsoon, while emphasising that uncertainties related to food price outlook
Decoded: Why does the RBI keep gold abroad and why has it got some back?
With the transfer of around 100 metric tonnes of gold from the UK last week, India's gold reserves are now evenly distributed, with 400 tonnes each in India and abroad
 "Decoded: Why does the RBI keep gold abroad and why has it got some back?")
RBI permits automatic replenishment of UPI Lite wallet: Check details
UPI Lite users can make payments of up to Rs 500 without a PIN
 "RBI permits automatic replenishment of UPI Lite wallet: Check details")
RBI hikes threshold for bulk fixed deposit to Rs 3 crore from Rs 2 crore
Bulk fixed deposits earn slightly higher interest rate than retail term deposits as banks offer different rates as part of their liquidity management exercise
 "RBI hikes threshold for bulk fixed deposit to Rs 3 crore from Rs 2 crore")
RBI's GDP projections, gains in IT stocks help Indian shares trade higher
The NSE Nifty 50 index was up 1% at 23,060 points and the S&P BSE Sensex added 1.2% to 75,941 points after the rate decision
 "RBI's GDP projections, gains in IT stocks help Indian shares trade higher")
Repo rate unchanged for 8th time, GDP raised: 5 key takeaways from RBI MPC
The decision to maintain the repo rate and raise the GDP forecast was made during the Monetary Policy Committee meeting held between June 5 and June 7
 "Repo rate unchanged for 8th time, GDP raised: 5 key takeaways from RBI MPC")
RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast: Details here
The RBI MPC maintained its 'withdrawal of accommodation' stance and kept the repo rate unchanged at 6.5 per cent. The RBI revised FY25 GDP growth forecast to 7.2 per cent
 "RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast: Details here")
Rupee to hold above $83.50; awaits RBI policy, US non-farm payroll report
Non-deliverable forwards indicate rupee will mostly be flat from 83.4725 in the previous session
 "Rupee to hold above $83.50; awaits RBI policy, US non-farm payroll report")
RBI monetary policy: When and where to watch the governor's announcement?
RBI Monetary Policy Committee meeting LIVE updates: Economists expect the central bank to maintain the repo rate at 6.5 per cent for the eighth consecutive time
 "RBI monetary policy: When and where to watch the governor's announcement?")
RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor
RBI MPC Meeting highlights: RBI Monetary Policy Committee (MPC) kept the repo rate unchanged at 6.5% for the eight consecutive time and will continue with its stance of 'withdrawal of accommodation.'
 "RBI MPC highlights: Last mile of our journey towards 4% inflation target is sticky, says Governor")
RBI-appointed auditor completes the special audit of IIFL Finance
Finance firm facing curb on gold loan business
 "RBI-appointed auditor completes the special audit of IIFL Finance")
RBI penalties surge 88% in last 3 years, KYC and AML top violations list
The Reserve Bank of India has collected Rs 78.6 crore from these penalties over three years, including 261 penalties in 2023 alone
 "RBI penalties surge 88% in last 3 years, KYC and AML top violations list")
RBI Policy: What are the expectations from first MPC meet after elections?
Following the outcome of the Lok Sabha Elections, concerns have escalated over a potential deceleration in fiscal consolidation coupled with amplified welfare spending
 "RBI Policy: What are the expectations from first MPC meet after elections?")
