Page 38 - Latest Updates on Reserve Bank of India
Jammu and Kashmir to Kerala, SBI executives are at every corner office
At least three PSBs have former SBI executives as MD & CEO at present - Sanjiv Chadha of Bank of Baroda, Partha Pratim Sengupta of Indian Overseas Bank and Soma Sankara Prasad of UCO Bank.
 "Jammu and Kashmir to Kerala, SBI executives are at every corner office")
Credit card spends touch all-time high of Rs 1.16 trillion in July
Spends have topped Rs 1 trillion level for five consecutive months now
 "Credit card spends touch all-time high of Rs 1.16 trillion in July")
Ahead of festive season, credit offtake remains strong in July 2022
Reserve Bank of India (RBI) data showed that credit to industry grew 10.5 per cent in July 2022 against a mere 0.4 per cent in July 2021
 "Ahead of festive season, credit offtake remains strong in July 2022")
Rupee surges to end at 79.46 vs dollar as MSCI rebalancing spurs inflows
Bond yields fall as HDFC's Rs 10,000 crore debt sale plan propels custodian flows
 "Rupee surges to end at 79.46 vs dollar as MSCI rebalancing spurs inflows")
Reserve Bank can hike repo rate to 6% by December, say economists
The RBI rate hike expectations come despite economists predicting a moderation in inflation due to slump in global commodities and easing supply chain bottlenecks
 "Reserve Bank can hike repo rate to 6% by December, say economists")
Economy faces resilience test as policymakers prioritise prices over growth
Gross domestic product is estimated to rise 15.4% in the three months to June from a year ago, according to a Bloomberg survey
 "Economy faces resilience test as policymakers prioritise prices over growth")
Gap between slippage and recovery has narrowed: City Union Bank CEO
The bank's share closed at Rs 179.05 a piece on BSE, down 4.7% from its previous close while the broader Sensex was down 1.46%
 "Gap between slippage and recovery has narrowed: City Union Bank CEO")
RBI to set up fraud registry to check banking frauds: Executive Director
Payment system participants will be provided access to this registry for near-real time fraud monitoring. The aggregated fraud data will be published to educate customers on emerging risks
 "RBI to set up fraud registry to check banking frauds: Executive Director")
Here's a full list of bank and school holidays in Sept 2022; Check details
Banks and schools might be closed for the first three days of September. Why bank holidays are called bank holidays? Read this detailed article to know the number of holidays in the month of September
 "Here's a full list of bank and school holidays in Sept 2022; Check details")
NRIs can make bill payments for family members via BBPS soon: CEO
'I feel UPMS will change the way BBPS operates today', said Noopur Chaturvedi
 "NRIs can make bill payments for family members via BBPS soon: CEO")
Digital currency: The govt would do well not to get carried away on CBDC
If financial inclusion is the goal of issuing CBDCs, it might not be worth it since UPI has been fairly successful in achieving it
RBI's digital lending guidelines: A tectonic shift in the fintech world
With the central bank having issued new guidelines governing the lending activities of financial technology firms, some may find themselves fighting for survival
 "RBI's digital lending guidelines: A tectonic shift in the fintech world")
Public versus private banks: The case made for both in an RBI paper
Far from arguing against privatisation, the RBI paper attracting Opposition ire presents the pros and cons of both ownership structures
 "Public versus private banks: The case made for both in an RBI paper")
Top headlines: RIL investor meet, surplus parked with RBI falls, and more
Business Standard brings you the top headlines at this hour
 "Top headlines: RIL investor meet, surplus parked with RBI falls, and more")
Forex reserves fall $6.7 bn to $564 bn in 7 days, at 2-yr low: RBI
The central bank has been selling dollars in the foreign exchange market aggressively to curb any sharp fall in the rupee, which is one of the main reasons for the reserves to fall
 "Forex reserves fall $6.7 bn to $564 bn in 7 days, at 2-yr low: RBI")
Bond yields slide as reports tout progress in global listing of Indian debt
A fall of one basis point on the 10-year bond yield corresponds to a rise in price of roughly seven paise
 "Bond yields slide as reports tout progress in global listing of Indian debt")
US urges India to join Western crude price cap coalition against Russia
US dy secretary of treasury Wally Adeyemo meet FM Sitharaman during the final lap of his three-day trip to India, after visiting RBI governor Shaktikanta Das on Thursday
 "US urges India to join Western crude price cap coalition against Russia")
Surplus parked with RBI falls below Rs 1 trillion as liquidity shrinks
RBI's forex moves, strong credit off-take lead to faster liquidity decline
 "Surplus parked with RBI falls below Rs 1 trillion as liquidity shrinks")
Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra
CPI inflation was at 6.7% in July, the first time in four months that the price gauge fell below 7%
 "Not convinced of durable fall in inflation: RBI Deputy Guv Michael Patra")
FinMin sees Q1 growth at 15.6% ahead of GDP data, impact on trade component
This is lower than RBI's April-June (Q1FY23) GDP projection of 16.2%
 "FinMin sees Q1 growth at 15.6% ahead of GDP data, impact on trade component")
