Page 37 - Latest Updates on Reserve Bank of India
Banks, financial markets strong enough to withstand extreme volatility: Das
Going forward, our monetary policy will be watchful, nimble footed and calibrated, says RBI Governor
 "Banks, financial markets strong enough to withstand extreme volatility: Das")
Rate hikes not to affect housing demand, Bengaluru to lead price rise: Poll
The buoyant outlook for India's housing market has barely changed in the last three months despite the Reserve Bank of India embarking on its most aggressive tightening cycle in a decade
 "Rate hikes not to affect housing demand, Bengaluru to lead price rise: Poll")
'Must provide jobs to those not well-educated to go beyond freebies'
Harvard Business School professor Christian Ketels says it isn't useful to think of manufacturing versus services jobs; a range of sectors need to be mobilised for job creation
 "'Must provide jobs to those not well-educated to go beyond freebies'")
'Think of the worst': RBI Governor Das nudges banks to raise capital
Referring to the RBI's foreign exchange reserves as the "solid backbone" of the economy, Das said they provided the firepower to maintain stability in the rupee despite global headwinds
Centre may cap upcoming first green bond issues at Rs 25,000 crore
Green bond proceeds will be used to fund projects which will help India meet COP commitments
 "Centre may cap upcoming first green bond issues at Rs 25,000 crore")
RBI to run pilot for digitising Kisan Credit Card lending in MP, Tamil Nadu
Project aims to prune costs and turn-around time for borrowers, will entail automation of various processes within banks and integration of their systems with those of service providers
 "RBI to run pilot for digitising Kisan Credit Card lending in MP, Tamil Nadu")
Top headlines: RBI's Shaktikanta Das on bank capital, ITC m-cap and more
RBI Governor on economic uncertainties to Sri Lanka privatising its national airline, here are the top headlines
 "Top headlines: RBI's Shaktikanta Das on bank capital, ITC m-cap and more")
CAD may touch nine-year-high in Q1FY23 as net exports soar
India's CAD stood at 1.5% of GDP in the March quarter of FY22 compared to a CAD of 2.6% of GDP in the preceding quarter of FY22
 "CAD may touch nine-year-high in Q1FY23 as net exports soar")
Shaktikanta Das seeks to shield growth as RBI prioritises inflation fight
"We are seeing signs of slowdown globally and it will have an impact on India," Das said in an interview with television channel Zee Business on Friday
Dhanvarsha makes unsolicited offer of Rs 300 cr to buy Dhanlaxmi Bank
According to sources familiar with the development, Dhanvarsha has offered Rs 11.85 per share, totalling Rs 300 crore, to acquire the entire equity stake in the bank
 "Dhanvarsha makes unsolicited offer of Rs 300 cr to buy Dhanlaxmi Bank")
Day after Q1 GDP data, a spate of forecast cuts by banks, institutions
Moody's cut its forecast to 7.7%, from 8.8%, citing dampening economic momentum in the coming quarters on rising interest rates, uneven monsoon, and slowing global growth
 "Day after Q1 GDP data, a spate of forecast cuts by banks, institutions")
RBI unlikely to accept NBFCs' requests for bad-loan exemptions: Report
Under the new norms, shadow banks will have to recognise bad loans on a daily basis, rather than monthly, as some now do
 "RBI unlikely to accept NBFCs' requests for bad-loan exemptions: Report")
Credit to industry hits 8-year high as corporations opt for bank funding
According to the latest Reserve Bank of India (RBI) data, loans to micro, small, medium, and large industries rose to Rs 31.82 trillion as of July end, up 10.5 per cent year-on-year (YoY).
 "Credit to industry hits 8-year high as corporations opt for bank funding")
Disappointing GDP data, weak global cues to weigh on market sentiments
Analysts said there are signs of the waning of the intensity of tailwind generated by economic reopening
 "Disappointing GDP data, weak global cues to weigh on market sentiments")
13.5% growth hides warts
The 13.5% print is lower than consensus estimates, and more so, when compared with the Reserve Bank of India's Q1 forecast of 16.2%
India's real GDP growth will exceed 7% growth in FY23: Finance secretary
This would make India the world's fastest growing major economy in FY23
 "India's real GDP growth will exceed 7% growth in FY23: Finance secretary")
Four of six major economies miss growth estimates including India: NSO
The results were even lower than the 14.5 per cent estimate given by the RBI's Survey of Professional Forecasters on Macroeconomic Indicators in August.
 "Four of six major economies miss growth estimates including India: NSO")
On-time payments can drive higher growth
Lacklustre trend growth calls for attention to the economy, with less distractions, diversions, and disruptions. Government can lead with payment on time
 "On-time payments can drive higher growth")
HDFC Bank partly recoups market share in credit card spends lost to embargo
RBI data shows that the bank has 28.4% market share in spends as of July, up 190 bps since last August. Pre-embargo, its share was 30.67%
 "HDFC Bank partly recoups market share in credit card spends lost to embargo")
Fed policy action, RBI rate decision key driving factors for mkts: Analysts
The US Fed policy action, RBI rate decision and foreign fund flows are some of the major factors that will guide the equity markets in the near-term, analysts said
 "Fed policy action, RBI rate decision key driving factors for mkts: Analysts")
