Page 41 - Latest Updates on Reserve Bank of India
Centre appoints Rajkiran Rai as NaBFID managing director for nearly 5 years
FSIB had recommended Rai's name for the top job in July
 "Centre appoints Rajkiran Rai as NaBFID managing director for nearly 5 years")
Indian banks now in better position to manage interest rate risks
Reduction in bond duration puts lenders on stronger footing amid higher yields
 "Indian banks now in better position to manage interest rate risks")
Retail inflation may remain elevated despite easing in July: Report
India's headline retail inflation that eased for the third straight month in July is expected to remain above the central bank's upper tolerance range in the near term, analysts said
 "Retail inflation may remain elevated despite easing in July: Report")
SBI hikes MCLR for various tenures by 20 bps; third hike in three months
SBI's MCLR rate for overnight to three-month has increased to 7.35 per cent from 7.15 per cent, while six-month MCLR has increased to 7.65 per cent from 7.45 per cent
 "SBI hikes MCLR for various tenures by 20 bps; third hike in three months")
India leads the world in real-time digital payments, says PM Modi
Success shows 'innovation prowess' of indigenous payment structure and fintech companies, he says
 "India leads the world in real-time digital payments, says PM Modi")
Eye on FTAs, Centre turns to GSTN for services trade data mining
Currently, the value of exports and imports of services is released by the Reserve Bank of India (RBI) and it comes with a lag of over two months
 "Eye on FTAs, Centre turns to GSTN for services trade data mining")
Let customers enjoy freedom from banks' tyranny
The branch managers have come out of their glass cabins and the sellers' market has transformed into a buyers' market. But, there is no end to the harassment of customers
CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra
India's economy is predicted to overtake that of the US by 2048, said Patra
 "CAD of 2.5-3% can be sustained without external sector crisis: RBI DG Patra")
Foreign exchange reserves fall $897 mn to $572.98 bn in week ending Aug 5
India's foreign exchange reserves fell $897 million to $572.978 billion in the week ended August 5, according to the Reserve Bank of India's (RBI) bulletin weekly statistical supplement
 "Foreign exchange reserves fall $897 mn to $572.98 bn in week ending Aug 5")
Bank Locker Rules: Here's everything you should know to protect your assets
The Reserve Bank of India regularly updates rules for improving the safety and convenience of the bank customers. These are the Bank locker rules that everyone should know.
 "Bank Locker Rules: Here's everything you should know to protect your assets")
Cooling food prices pull inflation down to five-month low in July
Industrial output stays robust, tops pre-Covid level
 "Cooling food prices pull inflation down to five-month low in July")
Despite better transmission, MCLR didn't meet expectations: RBI paper
The views expressed in the paper are those of the authors and not necessarily those of the institution to which they belong
 "Despite better transmission, MCLR didn't meet expectations: RBI paper")
RBI asks banks, regulated entities to prevent harassment by recovery agents
No phone calls to borrowers before 8 am and after 7 pm; 'no intrusion of privacy'
 "RBI asks banks, regulated entities to prevent harassment by recovery agents")
Top Headlines: India Inc celebrates Theme Tiranga; CEO earnings up and more
India's 75th Independence Day calls for something unique and India Inc is stepping out in unusual ways to celebrate it, with employees, customers and trade partners
 "Top Headlines: India Inc celebrates Theme Tiranga; CEO earnings up and more")
Easebuzz gets RBI's in-principle nod for Payment Aggregation Authorisation
In March 2020, RBI issued guidelines to regulate the Payment Aggregators and Payment Gateways that facilitate payments in the online space
 "Easebuzz gets RBI's in-principle nod for Payment Aggregation Authorisation")
What is the 'Letter of Comfort' banned by the Reserve Bank of India?
The ban imposed by the RBI may impact loans worth Rs 35,000 crore, impacting power, healthcare, engineering & construction, and road sectors the most
 "What is the 'Letter of Comfort' banned by the Reserve Bank of India?")
Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra
Power, healthcare, engineering, construction, and roads sectors account for 60% of the total entities whose ratings could potentially be affected
 "Credit rating of Rs 35,000 cr debt could be lowered due to RBI diktat: Icra")
HDFC executes unusual trade to hedge borrowings against interest rate risk
The switch in hedging tools comes as markets are buffeted by surging policy rates, with the Reserve Bank of India having hiked by 140 basis points since May to tackle inflation
 "HDFC executes unusual trade to hedge borrowings against interest rate risk")
Letting ED add its chilling effect to crypto winter will kill the industry
A couple more scandals, and the ED may achieve the shutdown the RBI has long wished for: The considerable talent India has in this area will flee to more welcoming jurisdictions like Dubai
 "Letting ED add its chilling effect to crypto winter will kill the industry")
Bank of Baroda to increase MCLR rates by up to 0.2% from August 12
The interest rate hike comes after the Reserve Bank of India's (RBI's) six-member monetary policy committee (MPC) raised the benchmark repo rate by another 50 bps to 5.40 per cent last week
 "Bank of Baroda to increase MCLR rates by up to 0.2% from August 12")
