Page 27 - Latest Updates on Reserve Bank of India
RBI asks banks to set aside capital, provisions for unhedged FX exposure
Move comes amid sharp depreciation in rupee; says losses incurred by entities with such exposure could affect health of banking system
 "RBI asks banks to set aside capital, provisions for unhedged FX exposure")
RBI tightens disclosure norms on divergence in NPAs, provisions
This threshold will be reduced progressively for UCBs in a phased manner after review, RBI said
 "RBI tightens disclosure norms on divergence in NPAs, provisions")
MDs, CEOs of ARCs can't have more than 3 terms in office without a cool-off
RBI allows ARCs to bid for assets in IBC cases
 "MDs, CEOs of ARCs can't have more than 3 terms in office without a cool-off")
Rising median loan rates lead to fall in affordability of homebuyers
A cumulative increase of 0.95 per cent in median home loan rate has impacted the purchase affordability and purchase decisions of homebuyers, according to the Affordability Index by Knight Frank
 "Rising median loan rates lead to fall in affordability of homebuyers")
RBI raises minimum capital requirement for setting up ARCs to Rs 300 cr
The Reserve Bank raised the minimum capital requirement for setting up an asset reconstruction company (ARC) to Rs 300 crore from the existing Rs 100 crore with an aim to strengthen the securitisation
 "RBI raises minimum capital requirement for setting up ARCs to Rs 300 cr")
RBI issues consolidated guidelines on unhedged foreign currency exposure
The Reserve Bank on Tuesday modified and consolidated guidelines for banks on unhedged foreign currency exposures of any entity to prevent losses due to heightened volatility in the forex market
RBI allows SPDs to undertake all foreign exchange-related activities
The Reserve Bank of India (RBI) on Tuesday allowed standalone primary dealers to offer all foreign exchange market-making facilities to users
IDBI Bank: Corporates cannot be bidding consortium members, says official
Large corporates have been disallowed from being even a minority shareholder in consortium wanting to bid for 61 per cent stake in IDBI Bank
 "IDBI Bank: Corporates cannot be bidding consortium members, says official")
RBI likely sold dollars, received forwards to stem rupee's drop: Report
The rupee has traded in a narrow range of about 8 paisa so far in the session
 "RBI likely sold dollars, received forwards to stem rupee's drop: Report")
EVs, green hydrogen to soon come under priority sector lending: Report
Currently, 8 sectors are eligible to get lending under the PSL mechanism including agriculture, MSMEs, export credit, housing, education, renewables, and social infrastructure sectors
 "EVs, green hydrogen to soon come under priority sector lending: Report")
As MPC raises growth projections, what makes the panel so optimistic?
The MPC believes that there is growth momentum due to better farm production, government policies to boost capex, improvement in business and consumer sentiment
 "As MPC raises growth projections, what makes the panel so optimistic?")
Ratings devoid of lenders detail should be treated as unrated exposure: RBI
Capital charge to be linked to risk weight for unrated lending
RBI interventions, corporate flows pull rupee back from new low against USD
Rupee underperforms EM peers so far in Oct, fares worse than 14 currencies
 "RBI interventions, corporate flows pull rupee back from new low against USD")
RBI cancels licence of The Seva Vikas Co-op Bank amid inadequate capital
The Reserve Bank of India on Monday said it has cancelled the licence of Pune-based The Seva Vikas Co-operative Bank Ltd as the lender does not have adequate capital and earning prospects
RBI pulls up banks on exposures' ratings without lenders' names
The Reserve Bank of India (RBI) on Monday said that a bank loan rating by rating agencies not having lenders' names won't be considered for capital computation by banks
NPCI's plan to acquire a stake in ONDC faces RBI hurdle, says report
Banking regulator flags conflict of interest concern
RBI sells dollars as rupee hits record low on US rate hike woes: Report
The Reserve Bank of India likely sold dollars via state-run banks on Monday after the rupee plumbed a fresh record low following a US jobs report that firmed bets of more aggressive rate hikes
 "RBI sells dollars as rupee hits record low on US rate hike woes: Report")
Reliance Industries, Jio in talks to raise funds through foreign loans
The loans, which are likely to have a five-year term, are anticipated to be priced 130-150 basis points higher than the Secured Overnight Financing Rate (SOFR), a benchmark rate used around the world
 "Reliance Industries, Jio in talks to raise funds through foreign loans")
The making of digital rupee: A deep dive into RBI's concept note
Establishing a CBDC issuance may come with significant fixed infrastructure costs, but subsequent marginal operating costs are likely to be very low
 "The making of digital rupee: A deep dive into RBI's concept note")
Analysts see Q2 net profit growth of banks at 23% YoY, NII at 10%
The latest RBI data showed that as on September 23, bank credit grew at a nine-year high of 16.4 per cent on-year. Deposit growth lagged at 9.2 per cent
 "Analysts see Q2 net profit growth of banks at 23% YoY, NII at 10%")
