Page 33 - Latest Updates on Reserve Bank of India
India Inc braces for impact of rupee fall, rushes to take forward cover
In the short and medium term, chief financial officers are advising companies to take the right kind of derivatives products depending on their exposure
 "India Inc braces for impact of rupee fall, rushes to take forward cover")
Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms
Depositors to get insurance claim, amount of Rs 193.68 cr already paid out
 "Solapur-based Laxmi Co-op Bank loses licence after failing RBI norms")
UCO Bank becomes first lender to get RBI's approval for rupee trade
Many banks in India are planning to open such special vostro accounts for settling trade transactions with other nations
 "UCO Bank becomes first lender to get RBI's approval for rupee trade")
IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting
MPC has increased the repo rate by 140 bps cumulatively since May in an effort to rein in inflation
 "IndusInd Bank and RBL Bank increase MCLR days ahead of MPC meeting")
Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank
India's headline retail inflation is expected to rise to a five-month high of 7.4% in September, with the risk of going higher if the momentum of food and vegetable prices picks up further in the rest
 "Retail inflation in Sept to rise to five-month high at 7.4%: Deutsche Bank")
Top Headlines: Fed's 3rd big hike, liquidity slides into deficit, and more
Federal Reserve officials raised interest rates by 75 basis points for the third consecutive time and forecast they would reach 4.6% in 2023
 "Top Headlines: Fed's 3rd big hike, liquidity slides into deficit, and more")
Liquidity slides into deficit for first time in over 3 years: RBI data
Days of easy money over as credit growth rises
 "Liquidity slides into deficit for first time in over 3 years: RBI data")
Rational expectations: Downside risks to growth are increasing
The economy's resilience will be tested in the second half of the year and beyond
 "Rational expectations: Downside risks to growth are increasing")
TMB stock ends flat as RBI rejection of proposed chairman has little impact
RBI advised private sector lender to submit a fresh proposal of another Independent Director for the post of Chairman
 "TMB stock ends flat as RBI rejection of proposed chairman has little impact")
India's banking system liquidity slips into deficit after 40 months: RBI
India's banking system liquidity has slipped into deficit for the first time in nearly 40 months, according to the Reserve Bank of India
 "India's banking system liquidity slips into deficit after 40 months: RBI")
Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra
Stocks to Watch Today: Central Bank of India has removed from the RBI's PCA framework after 5 years; SpiceJet places 80 pilots on leave without pay for three months.
 "Stocks to Watch: Central Bank, ITI, M&M, Yes Bank, SpiceJet, PEL, GPT Infra")
RBI approves appointment of R Gandhi as non-executive chairman of Yes Bank
The Reserve Bank has approved the appointment of its former deputy governor R Gandhi as non-executive part time chairman of Yes Bank for three years, a regulatory filing said.
 "RBI approves appointment of R Gandhi as non-executive chairman of Yes Bank")
RBI, bond market players discuss liquidity strategy as surplus dwindles
RBI asked for mkt views on BoP, impact of 75-bps rate hike by US Fed
 "RBI, bond market players discuss liquidity strategy as surplus dwindles")
The big plastic bonanza: Credit cards business is booming like never before
Defying the after-effects of pandemic-related pay cuts and job losses, the credit cards business is booming like never before
 "The big plastic bonanza: Credit cards business is booming like never before")
India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran
Global slowdown positive for India on balance, says CEA
 "India's GDP likely to grow 7.2-7.4% in FY23, says CEA Nageswaran")
Time to diversify to global equities as central banks frontload rate hikes?
Though the recent rally in domestic equities has turned the markets expensive relative to peers, analysts still suggest investors focus on Indian equity markets
 "Time to diversify to global equities as central banks frontload rate hikes?")
Narrowing bond yields signal liquidity squeeze in markets, shows data
Spread between 10-yr G-sec and 2-yr bond yields narrows to 38-mth low
 "Narrowing bond yields signal liquidity squeeze in markets, shows data")
Big Tech in financial system poses concentration risk: Shaktikanta Das
'Unbridled mushrooming of digital lending apps is a material concern'
 "Big Tech in financial system poses concentration risk: Shaktikanta Das")
Slowdown in West, on balance, would be positive for India: CEA Nageswaran
'Signs are very encouraging' are for the Indian economy, he says in an interview
 "Slowdown in West, on balance, would be positive for India: CEA Nageswaran")
ONDC and UPI together will reorder India's supply chain: Nandan Nilekani
Speaking at the Global Fintech Fest 2022, he said the supply chain will become far more efficient and will help reach products and services to everyone much more easily
 "ONDC and UPI together will reorder India's supply chain: Nandan Nilekani")
