Page 11 - Latest Updates on Reserve Bank of India
Banks may need to lift deposit rates as credit demand surges: RBI report
The Reserve Bank of India has raised rates aggressively this year to tame inflation. While banks have swiftly transmitted the hikes to their lending rates, deposit rates have been laggards for most
 "Banks may need to lift deposit rates as credit demand surges: RBI report")
RBI cracked whip on ICICI, others for flouting norms, but was ignored: RTI
The Reserve Bank of India had slapped show cause notices (SCNs) and imposed penalties on the ICICI Bank and certain other banks way back in 2017, for violating various norms, according to a RTI reply
 "RBI cracked whip on ICICI, others for flouting norms, but was ignored: RTI")
RBI to streamline charges for a safer, more affordable payments system
The central bank had released a discussion paper in August that outlined existing rules for charges, while presenting other options through which these could be levied
 "RBI to streamline charges for a safer, more affordable payments system")
Banks' GNPAs fall 5% in Sept, but current situation can impact health: RBI
Indian banks' gross non-performing assets declined to 5.8 per cent, but the present macroeconomic environment can impact lenders' health, the Reserve Bank said on Tuesday
 "Banks' GNPAs fall 5% in Sept, but current situation can impact health: RBI")
Only 8.2% of 463 million Jan Dhan accounts are zero balance: RBI report
81.2% were operative as of August 2022, up from 76% in 2017
 "Only 8.2% of 463 million Jan Dhan accounts are zero balance: RBI report")
Reducing core inflation key to easing prices: MPC member Shashanka Bhide
Core inflation, calculated after stripping out volatile food and energy prices, has stayed above 6% for 14 months in a row, while retail inflation cooled to 5.88% in November
 "Reducing core inflation key to easing prices: MPC member Shashanka Bhide")
Free grain under NFSA: States to save on food bill, lose political mileage
Food subsidies are a major portion of subsidies provided by states
 "Free grain under NFSA: States to save on food bill, lose political mileage")
RBI to migrate payments fraud reporting module to Daksh on January 1
Reporting on the existing Electronic Data Submission Portal (EDSP) to stop completely once migration happens
 "RBI to migrate payments fraud reporting module to Daksh on January 1")
India may need some durable liquidity infusion: MPC member Ashima Goyal
In a Q&A, she says the majority opinion is that the country has handled the turbulence well and can do so again, though the probability is low in the immediate future
 "India may need some durable liquidity infusion: MPC member Ashima Goyal")
2022: A banking year marked by three Cs
The relentless fight against Cryptocurrencies, CBDC taking baby steps, and bank Credit growth at a decadal high
In current milieu, invest in schemes with shorter duration: Manish Banthia
We believe the RBI will pause rates for a longer period after the rate hikes are over. This is a typical attribute of an economy in mid-cycle; a phase India is in currently, says Manish Banthia
 "In current milieu, invest in schemes with shorter duration: Manish Banthia")
RBI's forex reserves fall for first time in five weeks to $563.50 bn: Data
RBI likely resumed dollar sales to shield rupee from excess volatility
 "RBI's forex reserves fall for first time in five weeks to $563.50 bn: Data")
India's economic growth 'extremely fragile', needs support: RBI MPC member
India's economic growth is now 'extremely fragile' and needs all the support as private consumption and capital investment are yet to pick up, RBI Monetary Policy Committee member Jayanth R Varma said
 "India's economic growth 'extremely fragile', needs support: RBI MPC member")
How to lock smartly into bank FDs as rates peak over next 2-3 quarters
Consider laddering to ensure liquidity and to avoid reinvestment risk
 "How to lock smartly into bank FDs as rates peak over next 2-3 quarters")
Benchmark yield at 1 month high as RBI worry over inflation hurts sentiment
The benchmark 10-year yield ended at 7.3164%, the highest since Nov. 21 and after ending at 7.2867% on Wednesday
Launch of digital rupee a historic milestone, says RBI executive director
Terming the launch of digital rupee a historic milestone, RBI executive director said the currency would bring in a lot of operational efficiency in the system and will foster financial inclusion
I'm sometimes reminded I'm supposed to have done history; I don't mind: Das
RBI Governor Shaktikanta Das on Wednesday replied to the 'history major central bank governor' taunt faced by him
 "I'm sometimes reminded I'm supposed to have done history; I don't mind: Das")
Finance sector suffers from 'hyperactive regulatory activity': M Damodaran
Speaking at the summit, the former bureaucrat added the need for specialised talent in the regulatory bodies, ranging from lawyers to accountants and auditors
 "Finance sector suffers from 'hyperactive regulatory activity': M Damodaran")
All entities providing banking service subject to same rules: RBI Dy Guv
Non-bank entities cannot be allowed to undermine the banking system, he says at Business Standard BFSI Insight Summit
 "All entities providing banking service subject to same rules: RBI Dy Guv")
BFSI Summit: Credit growth not exuberant, shows economic strength, says Das
'Loan-deposit growth gap due to base effect; high-frequency indicators in green zone'
 "BFSI Summit: Credit growth not exuberant, shows economic strength, says Das")
