Page 3 - Latest Updates on Reserve Bank of India
Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard
The small-caps were hit on the chin with the S&P BSE Small-cap index slipping nearly 7 per cent thus far during in FY23, underperforming the S&P BSE Midcap and the BSE 500 indexes
 "Inflation, rate hikes play market party poopers in FY23; smallcaps hit hard")
RBI releases MPC meeting schedule for next financial year, 1st meet in Apr
The Reserve Bank of India (RBI) announced the meeting schedule of the Monetary Policy Committee (MPC) for the next financial year (FY24) on Friday
 "RBI releases MPC meeting schedule for next financial year, 1st meet in Apr")
The RBI lowers its volume
The acceleration in the pace of publishing the history of the central bank is something worth wondering about. It would be better to let some time elapse before embarking on the exercise
No respite for global stocks as banks around the world continue to struggle
The MSCI World share index traded 0.4% lower, while still heading for a 1.5% weekly gain. Europe's STOXX 600 index was down 1 per cent
 "No respite for global stocks as banks around the world continue to struggle")
Indian banks resilient; AT1 bond market to remain unaffected: Report
During FY23, HDFC Bank was the only private sector lender that raised capital using AT1 bonds
Bank failures: When it comes to regulation West can learn plenty from India
The West can learn from India the art of keeping a balance between the asset and liabilities sides. But it won't
PNB, IOB, DCB bank to offer AT1 bonds; may have to offer premium rates
It is important to note that AT1 bonds are unsecured, perpetual bonds that banks issue to improve their core capital base
 "PNB, IOB, DCB bank to offer AT1 bonds; may have to offer premium rates")
Top headlines: Govt to bring down tax burden, Foxconn gets Karnataka's nod
Business Standard brings you the top headlines at this hour
 "Top headlines: Govt to bring down tax burden, Foxconn gets Karnataka's nod")
Govt invites application for RBI deputy governor post; M K Jain to retire
The finance ministry has initiated the process to appoint a new Reserve Bank deputy governor in place of MK Jain, whose extended term is coming to an end in June
 "Govt invites application for RBI deputy governor post; M K Jain to retire")
RBI imposes fine of Rs 5,00,000 on HDFC over transfer of deposits
Reacting to the penalty imposed by the central bank, HDFC Ltd said, it will take necessary steps to comply with the directions
 "RBI imposes fine of Rs 5,00,000 on HDFC over transfer of deposits")
India's foreign exchange reserves fall $2.4 billion to $560 billion
The domestic currency has experienced turbulence since February due to apprehensions of more rate hikes by the US Federal Reserve
 "India's foreign exchange reserves fall $2.4 billion to $560 billion")
As liquidity tightens, RBI injects Rs 1 trn for largest infusion in 4 years
This is the first time since 2019 that RBI has infused more than Rs 1 trillion
 "As liquidity tightens, RBI injects Rs 1 trn for largest infusion in 4 years")
Banking system remains stable, resilient: RBI governor Shaktikanta Das
RBI governor Das cautions banks against any build-up of asset-liability mismatches
Banks from 18 countries get RBI's nod to trade in rupee: Centre in RS
Speaking in Rajya Sabha, Union Minister of State for Finance Bhagwat Kishanrao Karad said that 60 such approvals have been given by the RBI
 "Banks from 18 countries get RBI's nod to trade in rupee: Centre in RS")
Unprecedented spike in inflation spurs calls for urgent data revision
Consumer prices rose 6.44% in February, breaching the Reserve Bank of India's target ceiling
 "Unprecedented spike in inflation spurs calls for urgent data revision")
How to set up a family office abroad? More wealthy Indians want to know
For Indians, Dubai and Singapore are popular destinations. Significantly, Singapore recently opened an agency to welcome family wealth management firms
 "How to set up a family office abroad? More wealthy Indians want to know")
Here's how China, India plan to overhaul their financial sector regulations
The plans by both nations have become more significant in the wake of the convulsions expected in the global financial market with the sudden collapse of the Silicon Valley Bank
 "Here's how China, India plan to overhaul their financial sector regulations")
A good night's sleep for both banks and Reserve Bank
Believe it or not, the regulator is even stretching its arm to identify stressed borrowers and gauge the "distance to default" as a measure of a particular bank's fragility
Bank of Maharashtra cuts home loan rate to 8.4% from existing 8.6%
State-owned Bank of Maharashtra (BoM) on Sunday announced a reduction in the interest rate on home loans to 8.4 per cent from the existing 8.6 per cent.
 "Bank of Maharashtra cuts home loan rate to 8.4% from existing 8.6%")
Gold ETFs record Rs 165 crore inflow in February; net AUM drops
This was in comparison to a net outflow of Rs 199 crore registered in January, Rs 273 crore in December and Rs 195 crore in November
 "Gold ETFs record Rs 165 crore inflow in February; net AUM drops")
