Page 4 - Reserve Bank Of India Rbi
RBI seeks internal car loan investigation details from HDFC bank
The RBI is also seeking information on steps taken by HDFC Bank to remedy any issues identified during the investigation, the people added, asking not to be named.
 "RBI seeks internal car loan investigation details from HDFC bank")
Covid-19 impact: India's GDP to contract 6.1% in FY21, says Nomura
Nomura said the June quarter will be the 'nadir' from a growth perspective and the economy will contract by 15.2 per cent
 "Covid-19 impact: India's GDP to contract 6.1% in FY21, says Nomura")
FPO strengthens Yes Bank's capital, reduces risks for creditors: Moody's
The equity raise reflects its renewed access to external market funds. This, in turn, shows the bank's improving financial strength and will help support depositor confidence, Moody's said
 "FPO strengthens Yes Bank's capital, reduces risks for creditors: Moody's")
MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker
Long constrained for liquidity, MSMEs now also have to cope with loss of demand, labour shortage, and heightened risk aversion in the financial system due to the Covid-19 pandemic.
 "MSME margins to shrink on Covid-induced loss of demand: CRISIL SME Tracker")
Demand for currency could rise despite digitisation, says RBI study
Analysts are predicting that the nominal GDP growth rate could be negative in the present financial year, but that doesn't mean that the currency in circulation would fall
 "Demand for currency could rise despite digitisation, says RBI study")
India's forex reserves climb $ 3.1 bn to record high of $516.362 bn
Gold reserves were up by $712 million to $34.729 billion, as per the central bank data
 "India's forex reserves climb $ 3.1 bn to record high of $516.362 bn")
RBI draft governance code undermines bank chief executive officers: IBA
Says move to make board executive in nature will not fly; some independent directors expected to move on
 "RBI draft governance code undermines bank chief executive officers: IBA")
Share of industrial credit in total bank credit dips to 31.5% in March: RBI
Bank credit growth (year-on-year) continued to decelerate across all population groups and stood at 6.3 per cent in March 2020.
 "Share of industrial credit in total bank credit dips to 31.5% in March: RBI")
Two co-op banks move HC against Centre's ordinance bringing them under RBI
The first bench, comprising Chief Justice A P Sahi and Justice Senthilkumar Ramamoorthy, which admitted the pleas, posted the matter to July 20.
 "Two co-op banks move HC against Centre's ordinance bringing them under RBI")
RBI reserves to recap banks amid economic slowdown? Experts divided
Reserve Bank of India (RBI) Governor Shaktikanta Das last week said banks should not wait for any event to happen, but actively raise capital to ensure financial resilience.
 "RBI reserves to recap banks amid economic slowdown? Experts divided")
Retail payments report recovery in May, jump 23% to Rs 24.22 trillion
Total payments that include digital payments and payments made via paper-based instruments rose 12.5 per cent to Rs 94.64 trillion in May, against Rs 84.10 trillion in April.
 "Retail payments report recovery in May, jump 23% to Rs 24.22 trillion")
RBI turns net purchaser of US dollar in May, buys $4.363 billion
The central bank in May 2019 had bought $2.538 billion of the greenback on a net basis. It had purchased $ 5.118 billion and sold $2.580 billion in the spot market in May 2019
 "RBI turns net purchaser of US dollar in May, buys $4.363 billion")
Assumption of rate cut delivering growth simply not working: Rathin Roy
Rathin Roy expresses concern on the collateral free lending scheme as not making the cut from a regulations perspective.
 "Assumption of rate cut delivering growth simply not working: Rathin Roy")
Hotels in discussion with banks on loan recast after moratorium ends
For one, hotels with standard loans are in discussion with banks on increasing their terms by another 12 months.
 "Hotels in discussion with banks on loan recast after moratorium ends")
Govt has $76-million outstanding loans from Reserve Bank of India
The central government had no outstanding loans in the prior week.
Default risk for Indian companies drops at fastest pace in decade
The cost to insure against nonpayment by a basket of Indian companies, including Reliance Industries and State Bank of India, dropped by 252 basis points in May and June combined
Punjab National Bank reports fraud of Rs 3,688.58 cr in DHFL account
The bank has already made provisions amounting to Rs 1,246.58 crore, as per prescribed prudential norms, it added
 "Punjab National Bank reports fraud of Rs 3,688.58 cr in DHFL account")
Retail inflation likely slowed in June on pickup in economic activity: Poll
Headline inflation numbers were not released in April and May due to inadequate data collection owing to lockdown restrictions
 "Retail inflation likely slowed in June on pickup in economic activity: Poll")
Covid-19 crisis: Budget blowout may see RBI resort to direct financing
The government is facing a Budget deficit of as high as 7 per cent of gross domestic product, the widest in more than two decades, according to some estimates.
Centre may tell IBA to set up 'bad bank' with financial support from banks
The IBA had proposed a national-level asset reconstruction company (ARC) owned by the government with its capital infusion worth Rs 10,000 crore
 "Centre may tell IBA to set up 'bad bank' with financial support from banks")
