Page 5 - Anup Roy

Customers in limbo as banks, payments firms, RBI seek to settle 2 issues

Regulating how payment facilitators store customers' card details and auto-renewal of payments puts industry at crossroads.

MPC member Varma the only one to favour raising reverse repo rate

His was the lone dissenting voice against a continued "accommodative" stance, minutes of the August 4-6 meetings showed

Growth in currency in circulation halves to 10% post-second wave

It is too early to say if people have overcome their fears leading to cash hoarding, but the trend, if it sustains, is encouraging

RBI relaxes norms on foreign sovereign bond investment

The RBI has allowed the banks to keep sovereign bonds away from the 10 per cent limit

Low availability of paper, rising interest rate dampen mood in bond market

RBI has issued just Rs 28,000 cr worth of 10-year bonds, cancelling a Rs 14,000 cr auction last Friday in a move being seen as intervention, which bond dealers say did not go well last time

Indian promoters likely to give personal guarantee on foreign assets

RBI proposal a departure from current norms under Fema

Monetary policy review: RBI holds rates steady, ups inflation forecast

The RBI governor defended his protracted rate pause and lengthy accommodative stance as a compulsion brought by the pandemic

Explained: How push for factoring could benefit the MSME sector

In simple terms, factoring is acquiring bills receivables from MSMEs and releasing money, or giving short-term loans, against these bills to the MSMEs

RBI allows wallets, white label card networks to access RTGS, NEFT systems

Centralised Payment Systems' access will also help lower cost of payments for non-banks, reduce their dependence on banks, says RBI

Corporate bond spreads widen 30-35 basis points in July over G-Sec

Corporate bonds are driven mainly by two factors - domestic liquidity and foreign portfolio flow

Finance Ministry suggests extending terms of CEOs, EDs at state-owned banks

Leaders of Punjab National Bank, UCO Bank and Bank of Maharashtra likely to get more time at their jobs.

RBI increases loan limit of bank directors to Rs 5 cr from Rs 25 lakh

Said unless sanctioned by board or management committee, banks should not grant loans of Rs 5 crore or more to relatives other than spouse and dependent children of their top brass

Low cut-off yield sees newly-launched 10-yr bond devolve in second auction

Of the Rs 14,000 crore of bonds on offer, RBI made the primary dealers, or the underwriters buy Rs 11,144.145 cr

RBI's tolerance for higher yields may mean end of transmission

After years of experimentation, policy transmission has become highly effective and occurs almost in real time in money markets

RBI to introduce Central Bank Digital Currency in phases: deputy governor

The RBI has been exploring the pros and cons of the introduction of CBDCs since quite some time, deputy governor T Rabi Sankar said

RBI clarifies IDFC can exit bank as a promoter as lock-in period ends

IDFC announced receiving the RBI's approval in a notification to the exchanges

India's economic fundamentals strong, recovery underway, says Deepak Parekh

Weak credit growth, however, remains the key laggard

Ujjivan, Equitas promoter holdings to fall to zero post mergers with SFBs

Predictably, share prices of Ujjivan Financial Services, and Equitas Holdings jumped 20 per cent each after the two entities received the nod to reverse merge with their small finance bank entities

Liquidity in the banking system rises as govt steps up spending

Net daily liquidity absorbed from banks on July 9 was Rs 4.6 trillion, data released on Monday showed

RBI offers hassle-free trading in govt bonds for retail investors

Online portal will give access to the bond trading platform available for institutional investors; retail investors can also bid for bonds in primary auctions as large institutions do