Page 26 - Latest Updates on Reserve Bank of India
Cracking the whip on co-op banks: A look at RBI actions in 2022 so far
Here is a look at the RBI actions on co-op banks in 2022 so far.
 "Cracking the whip on co-op banks: A look at RBI actions in 2022 so far")
SAT gives relief to Brickwork Ratings, stays cancellation of licence
But keeps Sebi ban on taking up new clients
 "SAT gives relief to Brickwork Ratings, stays cancellation of licence")
India to be among fastest growing economies despite global challenges: RBI
India is expected to be among the fastest growing major economies this fiscal, geopolitical turbulence notwithstanding, RBI Governor Shaktikanta Das opined at last month's meeting
 "India to be among fastest growing economies despite global challenges: RBI")
RBI's repo rate hike was necessary to combat inflation risks: MPC minutes
The MPC is of the view that further calibrated monetary policy action is warranted to keep inflation expectations anchored
 "RBI's repo rate hike was necessary to combat inflation risks: MPC minutes")
After RBI missive, FIDC asks NBFCs to revise codes of conduct
Has asked them to insert penalty cause for repeated breaches
 "After RBI missive, FIDC asks NBFCs to revise codes of conduct")
RBI norms on unhedged Fx exposure unlikely to impact banks much
In June, the RBI had said that of the outstanding ECBs of $180 billion, 44 per cent was unhedged
 "RBI norms on unhedged Fx exposure unlikely to impact banks much")
India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data
Fresh loans plummet 93% to $210 mn in Q3, CY22
 "India Inc's fundraising from overseas sinks to 76-qtr low in Q2: Data")
Stagger entry into longer-duration funds over next six months: Experts
To stay safe, keep bulk of portfolio in shorter-duration or target maturity funds
 "Stagger entry into longer-duration funds over next six months: Experts")
As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier
The central bank will now have to provide a report to the government explaining the reasons for the failure and the steps to be taken
 "As MPC fails on CPI mandate, RBI's growth-inflation balance gets trickier")
Bengaluru fourth most expensive real estate market in India: Knight Frank
Bengaluru's affordable housing market has become more costly due to the 50 bps hike in the repo rate by the RBI
 "Bengaluru fourth most expensive real estate market in India: Knight Frank")
India's inflation at 7.4%; What are inflation numbers in other countries?
Since the start of the Russia-Ukraine war in February, almost all the economies have been facing high inflation mainly driven by high commodity costs, and supply chain constraints
RBI asks banks to stop building positions in offshore market: Report
The build-up of positions in this segment of the market is forcing the RBI to spend more reserves to defend the rupee
 "RBI asks banks to stop building positions in offshore market: Report")
RBI's revised ARC norms improve governance; may shake up industry
Three players -- JM Financial ARC, Edelweiss ARC, and ARCIL -- have a dominant presence in the sector with a sound capital base and management bandwidth
Digital rupee likely to bring down cost of cross-border payments
The introduction of CBDC for cross-border remittances can bring down costs substantially
 "Digital rupee likely to bring down cost of cross-border payments")
RBI to submit report on failure to tackle inflation for 3 qtrs since Jan
With inflation staying above the upper tolerance limit for nine months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the failure to contain prices
RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty
Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel
 "RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty")
Rising clout: Which countries have adopted NPCI-backed UPI payments so far
With Europe being the latest addition to the list, several countries across the globe are adopting UPI for P2P, P2M and cross-border payments
 "Rising clout: Which countries have adopted NPCI-backed UPI payments so far")
IMF praises RBI for tightening the monetary policy to curb inflation
The International Monetary Fund (IMF) praised the Reserve bank of India (RBI) for tightening the monetary policy to curb inflation in the country
 "IMF praises RBI for tightening the monetary policy to curb inflation")
Top Headlines: Starlink services in India, partial treatment to EV makers
Start-ups manufacturing electric two- and three-wheelers have alleged they are not getting subsidies under the second phase of the FAME II scheme
 "Top Headlines: Starlink services in India, partial treatment to EV makers")
Fast-track mechanism on the cards to help Indian investors in UAE
The mechanism will also assist Indian companies to foray into the UAE market and expand
 "Fast-track mechanism on the cards to help Indian investors in UAE")
