Page 14 - Latest Updates on Reserve Bank of India
Forex reserves at a three-month high; $11 billion added in a week
Reserves rise for 4th straight week on revaluation, likely RBI dollar purchases
 "Forex reserves at a three-month high; $11 billion added in a week")
Revised RBI guidelines on securitisation likely to impact short-term loans
But they are unlikely to disrupt the securitisation market as such loans constituted only 5% of the total securitisation volume in H1FY23
 "Revised RBI guidelines on securitisation likely to impact short-term loans")
Wide gap between bank credit and deposit growth seen declining
Lower GDP growth, RBI rate hikes, reversal of base effect to blunt credit growth, analysts say
 "Wide gap between bank credit and deposit growth seen declining")
Curb on securitising short-term maturity loans may hurt micro loan biz
Change required by the central bank could make a certain portion of loan books ineligible for securitisation
 "Curb on securitising short-term maturity loans may hurt micro loan biz")
Top Headlines: IDBI stake sale, comprehensive package for Vi, and more
Queries shows a strong interest in the proposed IDBI transaction
 "Top Headlines: IDBI stake sale, comprehensive package for Vi, and more")
Consumer-facing firms see no 'immediate impact' of RBI's rate hike
Shashank Srivastava, senior executive officer (sales and marketing) at Maruti Suzuki India, said that though higher retail loan rates could adversely impact demand, the industry would have to wait
 "Consumer-facing firms see no 'immediate impact' of RBI's rate hike")
RBI rate hike may halt rally in BFSI sector, pressure on bank NIMs seen
Broader markets, especially automobile stocks, may also react negatively going ahead
 "RBI rate hike may halt rally in BFSI sector, pressure on bank NIMs seen")
No pause in sight: A 25-basis-point rate increase in Feb can't be ruled out
The key takeaway from the governor's 3,000-word statement is 'the battle against inflation is not over'
More to come
Containing inflation remains a challenge
 "More to come")
SC reserves verdict on demonetisation, asks govt, RBI for submissions
AG said note ban's success or failure in curbing black money not a reason to invalidate the decision judicially as the move was made in good faith, after following due process
 "SC reserves verdict on demonetisation, asks govt, RBI for submissions")
Little scope for RBI to take its foot off the gas
The RBI need not match the Fed one-to-one but there seems little scope to take its foot off the gas
RBI restores pre-pandemic trading hours for some money market segments
Changes effective Dec 12; RBI had shortened market hours for all segments in April 2020
 "RBI restores pre-pandemic trading hours for some money market segments")
Banks should not ask for verification at branch level if e-KYC done: RBI
RBI said banks should not ask for verifications/updates at the branch level in case a customer has done e-KYC or those who have completed the KYC (know-your-customer) process on C-KYC portal
 "Banks should not ask for verification at branch level if e-KYC done: RBI")
Digital currency like cash, no need for lack of privacy fears: RBI Guv
RBI has decided to enhance the mandates of United Payment Interface, expand the scope of BBPS and ensure privacy of people in the case of digital currency transactions, said Governor Shaktikanta Das
 "Digital currency like cash, no need for lack of privacy fears: RBI Guv")
Agriculture sector remains resilient; Rabi sowing off to strong start: RBI
Reserve Bank Governor Shaktikanta Das on Wednesday said the agriculture sector remains resilient, and the rabi sowing has got off to a strong start
 "Agriculture sector remains resilient; Rabi sowing off to strong start: RBI")
RBI MPC: Here is what experts have to say about the policy announcement
Despite some signs of moderation, RBI Governor Shaktikanta Das said the main risk was that inflation would remain sticky and elevated
 "RBI MPC: Here is what experts have to say about the policy announcement")
RBI MPC: How central bank's stance on GDP, inflation changed in 2022
The RBI MPC cut down the Gross Domestic Product (GDP) growth projection for FY23 from 7 per cent in the September announcement to 6.8 per cent
 "RBI MPC: How central bank's stance on GDP, inflation changed in 2022")
Other countries should trust credibility of Indian regulations: RBI Guv Das
The India of today is different from what it was earlier and regulators of other countries should trust the credibility of Indian regulations, Reserve Bank of India Governor Shaktikanta Das said
SC directs Centre, RBI to produce records relating to 2016 demonetisation
The top court directed the parties to file written submissions by December 10
 "SC directs Centre, RBI to produce records relating to 2016 demonetisation")
RBI MPC meet LIVE: No difference between paper currency and CBDC, says Das
Catch all the latest updates on the RBI's bi-monthly monetary policy announcement today
 "RBI MPC meet LIVE: No difference between paper currency and CBDC, says Das")
