Page 28 - Latest Updates on Reserve Bank of India
Gaining currency
RBI should move cautiously on CBDC
Top headlines: RBI unveils digital rupee features, HUL price cuts, and more
Business Standard brings you the top headlines at this hour
 "Top headlines: RBI unveils digital rupee features, HUL price cuts, and more")
RBI unveils features of digital rupee, plans to launch pilot soon
The CBDC shall appear as a liability on the central bank's balance sheet
 "RBI unveils features of digital rupee, plans to launch pilot soon")
RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath
'Our view is that the transmission of interest rates is not as high as the need for credit demand for working capital and term loans. So we don't see that as a challenge'
 "RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath")
RBI to launch e-rupee on pilot basis for limited use; issues concept paper
The concept note presents the background, motivation, choices of design features and other policy frameworks for e-rupee system for the country
 "RBI to launch e-rupee on pilot basis for limited use; issues concept paper")
RBI sells dollars as rupee hits record low on US interest rate hike fears
The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the US Federal Reserve rate outlook
RBI likely to set underwriting commission in 1.00-1.50 paise band: Poll
The Indian government aims to raise at least 280 billion Indian rupees ($3.41 billion) through the sale of bonds on Friday
 "RBI likely to set underwriting commission in 1.00-1.50 paise band: Poll")
India's services activity cools to 6-month low in Sep; job creation slows
PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month
 "India's services activity cools to 6-month low in Sep; job creation slows")
Sebi cancels certificate of registration granted to Brickwork Ratings
Orders it to wind down operations in six months
 "Sebi cancels certificate of registration granted to Brickwork Ratings")
RBI approves Prashant Kumar's appointment as Yes Bank CEO for three years
The Reserve Bank of India has approved the appointment of Prashant Kumar as MD and CEO of Yes Bank for three years with effect from October 6, 2022.
 "RBI approves Prashant Kumar's appointment as Yes Bank CEO for three years")
World currency reserves shrink by $1 trn this yr in record drawdown
Reserves have declined by about $1 trillion, or 7.8%, this year to $12 trillion, the biggest drop since Bloomberg started to compile the data in 2003
 "World currency reserves shrink by $1 trn this yr in record drawdown")
10-yr yield logs steepest one-day rise in 2 mths amid index inclusion delay
Treasury officials also cited an increasingly uncertain global situation as a key factor that had dampened demand for bonds
 "10-yr yield logs steepest one-day rise in 2 mths amid index inclusion delay")
RBI directs credit information companies to appoint internal ombudsman
The Reserve Bank of India (RBI) on Thursday has directed all the credit information companies to appoint an internal ombudsman by April 1, 2023
India's Edelweiss AM says repo rate may hit 6.75% on inflation woes
RBI may have to hike the repo rate to 6.75% as inflation remains a threat, lingering above the central bank's target range for the remainder of the year, the head of fixed income at Edelweiss AM said
Loan for 20 years, EMIs for 24: RBI rate hikes leave borrowers in a fix
If a person took a 20-year home loan of Rs 50 lakh in April 2019, their number of EMIs will now be 60 more than the original because of the recent repo rate hikes
 "Loan for 20 years, EMIs for 24: RBI rate hikes leave borrowers in a fix")
RBI plans to extensively use AI, ML to improve regulatory supervision
The Reserve Bank is planning to extensively use advanced analytics, artificial intelligence and machine learning to analyse its huge database and improve regulatory supervision on banks and NBFCs
Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ
According to RBI data, bank credit grew at 16.2% YoY as on September 9, while deposits were up by 9.5%
 "Private banks show healthy loan, deposit growth in Q2, Casa share dips QoQ")
BS Number Wise: Old scheme puts burden of employee pension on the states
Some governments are seeking short-term benefits to finance their bills, risking their financial security
Start-up LeverageEdu gets RBI approval for financial services unit
Company raised $22 million in funding in March earlier this year at a valuation of $120 million
 "Start-up LeverageEdu gets RBI approval for financial services unit")
YES Bank's Q2 loan book grows 11.6% YoY; deposit base cross Rs 2-trn mark
The share of low-cost money, CASA , in deposits was 31.3% as of September 30, 2022
 "YES Bank's Q2 loan book grows 11.6% YoY; deposit base cross Rs 2-trn mark")
