Page 7 - Latest Updates on Reserve Bank of India
Generative AI to add $359 bn-$438 bn to India's GDP by FY30: RBI DG Patra
Private sector banks are leading technology adoption, said Michael Debabrata Patra, deputy governor, Reserve Bank of India
 "Generative AI to add $359 bn-$438 bn to India's GDP by FY30: RBI DG Patra")
DBS Bank India awaits RBI nod for new CEO as incumbent Shome set to retire
Following a successful career at the helm of DBS Bank India since April 2015, Shome had indicated his desire to retire some time ago
 "DBS Bank India awaits RBI nod for new CEO as incumbent Shome set to retire")
October retail inflation hits 14-month high at 6.21%, food prices soar 11%
India's industrial output rose 3.1% year-on-year in September, driven by a rebound in manufacturing activity
 "October retail inflation hits 14-month high at 6.21%, food prices soar 11%")
DBS Bank nominates Rajat Verma to be next India unit CEO, say sources
Rajat Verma was appointed DBS managing director and head of institutional banking for India last year
RBI issues operational framework for reclassification of FPI to FDI
Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis
 "RBI issues operational framework for reclassification of FPI to FDI")
RBI ready to weaken rupee in line with yuan after Donald Trump win
A depreciating yuan will lower the cost of Chinese goods, potentially leading to more imports and further widening India's biggest trade deficit
 "RBI ready to weaken rupee in line with yuan after Donald Trump win")
Indian banks' microfin loan stress to persist after new regulation: Bankers
Last month, in its latest move, the RBI asked lenders to stop issuing new microfinance loans to borrowers unless they have cleared previous loans, three of the bankers said
 "Indian banks' microfin loan stress to persist after new regulation: Bankers")
Policy approach: How RBI is taking a selective and cautious stance
In the context of US elections and possible uncertainty, Mr Das said the Indian economy and the financial sector were well placed to deal with any spillover impact from global economy
 "Policy approach: How RBI is taking a selective and cautious stance")
SFBs ready with systems to make the transition, say CEOs at BS BFSI Summit
SFBs have a talent pool of senior managers with over 20 years of experience, ensuring robust succession planning for a professionally managed bank.
 "SFBs ready with systems to make the transition, say CEOs at BS BFSI Summit")
RBI 'watchful' of unsecured loan flows into stock market: Shaktikanta Das
RBI Governor Shaktikanta Das discusses the difficulty in monitoring unsecured loans at the Business Standard BFSI Insight Summit
 "RBI 'watchful' of unsecured loan flows into stock market: Shaktikanta Das")
Sep inflation was 5.5%; Oct may be higher: RBI Governor Shaktikanta Das
RBI Governor Shaktikanta Das discusses inflation outlook and economic resilience at the Business Standard BFSI Insight Summit
 "Sep inflation was 5.5%; Oct may be higher: RBI Governor Shaktikanta Das")
RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das
RBI Governor explains regulatory actions in conversation with Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit
 "RBI's 'cease and desist' directive on NBFCs not arbitrary: Shaktikanta Das")
Rupee falls to new low on FPI selloff and rise in crude oil prices
Market participants said the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales to protect the rupee from further depreciation
 "Rupee falls to new low on FPI selloff and rise in crude oil prices")
Govt invites applications for RBI deputy governor's post, last date Nov 30
One of the deputy governors, Michael Patra's term ends on Jan 15
 "Govt invites applications for RBI deputy governor's post, last date Nov 30")
Banks, FIMMDA discuss MIBOR replacement with collateralised rate framework
Banks bat for collateralised benchmark with a balanced 50-50 weighting between TREPS and CHROMs
 "Banks, FIMMDA discuss MIBOR replacement with collateralised rate framework")
India now holds more gold domestically, marking 60% increase: RBI data
Latest data from the central bank shows that 510 metric tonne of gold is held domestically
 "India now holds more gold domestically, marking 60% increase: RBI data")
RBI's routine interventions to halt major movements in Rupee: Poll
Abandoning its earlier policy of intervening only during periods of heightened volatility, the RBI over the past couple of years has used its vast forex reserves to keep Rupee in a narrow range
RBI helps rupee outperform peers in month marred by US election anxiety
The rupee was at 84.0825 to the US dollar, little changed from Thursday and week-on-week. Indian financial markets are shut on Friday
Dhanteras special: RBI brings home 102 tonnes of gold; here's why
According to the RBI's latest report on foreign exchange reserves, as of the end of September, the central bank holds 855 tonnes of gold, with 510.5 tonnes now stored domestically
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")
