Page 10 - Latest Updates on Reserve Bank of India
Indians' overseas financial assets fell $43.9 bn in July-Sep: RBI report
The reduction in non-residents' financial assets in India though was relatively lesser at $9.6 billion
 "Indians' overseas financial assets fell $43.9 bn in July-Sep: RBI report")
CASA drives 9.4% YoY moderation in deposit growth even as FDs stay buoyant
Credit growth sustains momentum at 17.4%, but it has come off the peak
 "CASA drives 9.4% YoY moderation in deposit growth even as FDs stay buoyant")
Religare Finvest signs settlement agreement with all its lenders for OTS
RFL has been under a Corrective Action Plan (CAP) since January 2018 due to its weak financial health
 "Religare Finvest signs settlement agreement with all its lenders for OTS")
'Important to arrive at a common international approach to crypto': RBI
Financial Stability Report: The FTX turmoil, RBI said, revealed that crypto is highly volatile, exhibits high correlations with equities and does not act as a hedge against inflation
 "'Important to arrive at a common international approach to crypto': RBI")
Nine NBFCs may fall below minimum capital requirement in baseline scenario
The baseline scenario is projected for one year ahead, based on assumptions of business continuing under usual conditions
 "Nine NBFCs may fall below minimum capital requirement in baseline scenario")
Banks using quality liquid assets to fund loan growth: RBI report
Credit growth in the system has touched a decade high, a level seen last in 2011
 "Banks using quality liquid assets to fund loan growth: RBI report")
Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das
Inflation is forecast to rise to 8.8 per cent in 2022, with both headline and core inflation staying well above targets in AEs and EMDEs, the report noted
 "Indian economy resilient amid global shocks: RBI Governor Shaktikanta Das")
India's current account deficit in July-Sept rises sharply to 4.4% of GDP
The net outgo from the primary income account, mainly reflecting payments of investment income, increased to $12 billion from $9.8 billion a year ago
 "India's current account deficit in July-Sept rises sharply to 4.4% of GDP")
Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI
FSR shows lenders can absorb shocks without capital infusion
 "Banks' net NPA ratio at 10-yr low, GNPAs continue downward journey: RBI")
Frontloaded actions to bring inflation further under control: RBI report
India's retail inflation has moderated after remaining above upper tolerance level since Jan and frontloaded monetary policy actions are expected to bring it further under control, RBI report said
 "Frontloaded actions to bring inflation further under control: RBI report")
Extraterritorial reach of regulators weakens domestic stability: RBI
Discussions with foreign regulators positive
 "Extraterritorial reach of regulators weakens domestic stability: RBI")
Gross NPA ratio falls to 7-yr low of 5%, banking system remains sound: RBI
The RBI on Thursday said banks' gross NPA ratio has fallen to a sever-year low of 5 per cent and the banking system remains sound and well-capitalised
 "Gross NPA ratio falls to 7-yr low of 5%, banking system remains sound: RBI")
Bank frauds from card, net-based transactions rise, shows RBI report
In terms of the number of frauds, the modus operandi seems to have shifted to card or internet-based transactions
 "Bank frauds from card, net-based transactions rise, shows RBI report")
Monetary policy making: 2022 was year of reset, 2023 could be a long pause
25 bps raise likely in Feb, before RBI hits status quo button, feel experts
 "Monetary policy making: 2022 was year of reset, 2023 could be a long pause")
Speed and capacity
Restoring trust in IBC must be a priority
 "Speed and capacity")
NBFCs need to be mindful of rising borrowing costs, says RBI report
'NBFCs need to be wary of rising borrowing costs as financial conditions tighten'
 "NBFCs need to be mindful of rising borrowing costs, says RBI report")
Realisation through IBC 201% of liquidation value as of Sept: RBI
SARFAESI and Debt Recovery Tribunals have yielded recovery rates comparable to the IBC mechanism, says Trend and Progress Report
Banks' balance sheet grows in double digits after 7 years: RBI report
Gross NPA slips to 5%; regulator flags slippages from recast accounts
 "Banks' balance sheet grows in double digits after 7 years: RBI report")
Retail loans likely to become a source of systemic risk, warns RBI
Retail loans, long considered a panacea for the banking system, may become a systemic risk, the Reserve Bank said on Tuesday
Number of banking frauds go up in FY22; substantially down by value: RBI
Banking frauds increased in number terms but the amount involved more than halved in FY2021-22, the Reserve Bank said on Tuesday
 "Number of banking frauds go up in FY22; substantially down by value: RBI")
