Page 12 - Latest Updates on Reserve Bank of India
RBI governor Shaktikanta Das against pausing rate hikes: MPC minutes
MPC minutes show Das saying that in a tightening cycle, especially in a world of high uncertainty, giving out explicit forward guidance on the future path of monetary policy would be counterproductive
 "RBI governor Shaktikanta Das against pausing rate hikes: MPC minutes")
Top Headlines: Upturn in capex cycle, formal job creation falls, and more
Business Standard brings you the top headlines at this hour
 "Top Headlines: Upturn in capex cycle, formal job creation falls, and more")
See upturn in capex cycle, growth momentum to pick up: RBI report
'Can't let our guard down on inflation'
 "See upturn in capex cycle, growth momentum to pick up: RBI report")
RBI sold $922 million in foreign exchange market in October: Bulletin
Forward purchase book shrinks $10 bln as RBI spreads out interventions
 "RBI sold $922 million in foreign exchange market in October: Bulletin")
Outward remittance under LSR dips 28% to $1.92 bn in Oct, shows RBI data
International travel contributed over $970 million or 50 per cent of $1.92 billion remitted by Indians in October 2022
 "Outward remittance under LSR dips 28% to $1.92 bn in Oct, shows RBI data")
In a U-turn, outstanding NRI deposits rise in October, shows RBI data
In July, the RBI took steps to enhance fresh inflows into NRI deposit accounts
 "In a U-turn, outstanding NRI deposits rise in October, shows RBI data")
BS BFSI Insight Summit 2022: Fireside chat with RBI Guv Shaktikanta Das
Das as the RBI Governor is widely credited with having spearheaded RBI's proactive approach in handling the economic impact of the Covid-19 pandemic with 'whatever it takes' approach
 "BS BFSI Insight Summit 2022: Fireside chat with RBI Guv Shaktikanta Das")
BS BFSI Insight Summit 2022: RBI Deputy Guv T Rabi Sankar to speak
Sankar was Executive Director of the Reserve Bank before being elevated to the post of Deputy Governor. A career central banker, he joined the RBI in 1990 and has worked in a variety of positions
 "BS BFSI Insight Summit 2022: RBI Deputy Guv T Rabi Sankar to speak")
BS BFSI Insight Summit: India's biggest BFSI Summit to kick off on Dec 21
The country's biggest BFSI Summit will feature some of the most prominent voices in India's economic landscape, including RBI Governor Shaktikanta Das, Deputy Governors, and SBI chairman
 "BS BFSI Insight Summit: India's biggest BFSI Summit to kick off on Dec 21")
BS BFSI Insight Summit 2022: RBI Deputy Guv M Rajeshwar Rao to speak
Rao looks after the Department of Regulation, the Department of Communication, the Enforcement Department, the Inspection Department, the Legal Department and the Risk Monitoring Department
 "BS BFSI Insight Summit 2022: RBI Deputy Guv M Rajeshwar Rao to speak")
BS BFSI Insight Summit 2022: Leading economists to discuss recession fears
From Aditi Nayar the Chief Economist at ICRA to Mridul Saggar, professor of practice, IIM Kozhikode; formerly MPC Member and RBI ED, here is the full list of economists on BFSI panel
 "BS BFSI Insight Summit 2022: Leading economists to discuss recession fears")
Liquidity slips into deficit; RBI cash injections at over one-month high
Tax outflows drive tightness; banks face pressure to raise deposit rates
 "Liquidity slips into deficit; RBI cash injections at over one-month high")
HDFC raises home loan rates by 35 bps, effective from December 20
With this rate hike, HDFC has now passed on the entire rate hike done by the six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) to the borrowers
 "HDFC raises home loan rates by 35 bps, effective from December 20")
Looking back at 2022: RBI's regulatory review 2.0 is a game-changer
It has taken nearly two decades for RRA 2.0 to be set up under Shaktikanta Das in November 2021; and its recommendations in June this year must surely go down as a major reform
 "Looking back at 2022: RBI's regulatory review 2.0 is a game-changer")
Axis Bank hikes MCLR by 30 bps across the board, effective December 17
This comes after RBI's monetary policy committee raised repo rate by 35 bps earlier this month to take it to 6.25%
 "Axis Bank hikes MCLR by 30 bps across the board, effective December 17")
India's economic activity may have slowed down in Nov as resilience wanes
Demand for bank credit remained healthy at 17.2%, even amidst tighter liquidity conditions and higher borrowing costs, Reserve Bank of India data showed
 "India's economic activity may have slowed down in Nov as resilience wanes")
Four years and four challenges of RBI governor
Shaktikanta Das is nimble-footed and open to ideas - a trapeze artist, and a master of the finest balancing act who listens to all but takes his own decisions
On balance, India is in a sweet spot
We have emerged as a source of global economic stability and are still the fastest-growing large economy
Kerala HC asks why RBI did not appear despite being served notice
Kerala HC asked why RBI did not appear before it even after being served a notice on pleas challenging the summons issued by ED in connection with its probe into the financial transactions of KIIFB
Digital lenders seek cap on default loss guarantee models from RBI
They suggested that the central bank could look at a reasonable cap to the FLDG models, given RBI's concerns of around build-up of systemic risk and 100% risk transfer rather than banning it outright
 "Digital lenders seek cap on default loss guarantee models from RBI")
