Page 30 - Latest Updates on Reserve Bank of India
Currency derivatives volumes plunge significantly on RBI exposure norms
The central bank deferred exposure rules implementation until May 3 amid investor concerns
 "Currency derivatives volumes plunge significantly on RBI exposure norms")
CFA bats for enhanced climate accountability measures in RBI's draft norms
Says clarity and specificity are needed to ensure effective implementation and compliance with disclosure requirements
 "CFA bats for enhanced climate accountability measures in RBI's draft norms")
India's government bond outflows in April not normal, say analysts
Barclays' Kotecha eyes $20-$25 billion, with upside risks as an attractive carry, stable currency, and a positive macro backdrop and fiscal picture make Indian bonds attractive
 "India's government bond outflows in April not normal, say analysts")
Economists push out RBI's interest rate cut forecasts to end of year
The RBI may start cutting its benchmark repurchase rate, currently at 6.5 per cent, by a total of 50 basis points in the October-December period before pausing for a few months
 "Economists push out RBI's interest rate cut forecasts to end of year")
Lenders request RBI approval to sell Jaiprakash Associates loan to NARCL
SBI-led lenders are pursuing RBI clearance to shift real estate firm's Rs 18,000 crore debt to NARCL in a Rs 10,000 crore deal
 "Lenders request RBI approval to sell Jaiprakash Associates loan to NARCL")
Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns
The drop came after joint managing director (Joint MD) KVS Manian stepped down from his role at the bank and its board after 29 years of service
 "Kotak Mahindra Bank shares hit 52-week low after Joint MD resigns")
Govt bond yields likely to dip tracking US yields on Fed rate stance
The 10-year yield was around the crucial 4.60% mark, while the two-year yield, a closer indicator of interest rate expectations was around 4.95%
Enlightened leadership needed to resolve tax distribution: Subbarao
"This (north-south divide in deciding on the distribution of the tax pool among states) is a complex political challenge beyond the remit of the Finance Commission
 "Enlightened leadership needed to resolve tax distribution: Subbarao")
UPI transactions dip marginally in April to Rs 19.64 trn; grow Y-o-Y
Fasting, IMPS and Apes transactions decline too in the month
 "UPI transactions dip marginally in April to Rs 19.64 trn; grow Y-o-Y")
RBI proposes to bring NBFCs, co-op banks under operational risk norms
The 2005 guidance on the issue, which will be repealed, was aimed only at commercial banks
 "RBI proposes to bring NBFCs, co-op banks under operational risk norms")
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
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")
