Page 51 - Latest Updates on Reserve Bank of India
No relief yet
Govt must be prepared to face oil price risks
 "No relief yet")
Gains in financials hinge on RBI policy, investors must consider options
Nifty Bank outperforming the Nifty50 in recent times could be a sign of things to come
 "Gains in financials hinge on RBI policy, investors must consider options")
RBI measures should help rupee outperform peers in emerging mkts: Experts
The slew of measures announced by Reserve Bank of India (RBI) on Wednesday to enhance foreign exchange inflows should help rupee to outperform its peers in emerging market economies, experts said.
 "RBI measures should help rupee outperform peers in emerging mkts: Experts")
What RBI's letter to govt on missing inflation target is likely to contain
Failure to keep inflation between 2-6% for three straight quarters will require RBI Governor to explain to FinMin why target was missed, and steps MPC will take to achieve it going forward
 "What RBI's letter to govt on missing inflation target is likely to contain")
Fintech startup Finvu AA raises $2.5 million in seed funding for expansion
Finvu AA will use the fresh funds to expand the team in engineering, and business development and enhance its product offerings
 "Fintech startup Finvu AA raises $2.5 million in seed funding for expansion")
HDFC twins' merger: RBI awaits more data to decide on dispensation request
At present, HDFC, being a non-banking financial company, does not have to comply with the CRR, SLR and priority sector obligations like banks
 "HDFC twins' merger: RBI awaits more data to decide on dispensation request")
Top Headlines: RBI awaits data for HDFC merger, UK cabinet change & more
The Reserve Bank of India (RBI) is yet to grant dispensations for the proposed merger of Housing Development Finance Corporation (HDFC) with HDFC Bank
 "Top Headlines: RBI awaits data for HDFC merger, UK cabinet change & more")
Inflation targeting
It should be followed and communicated properly
 "Inflation targeting")
PMI: India's services activity touches an eleven-year high of 59.2 in June
The jump in the services PMI corroborates the view that the services sector will lead the growth recovery in FY2023, says Aditi Nayar of Icra
 "PMI: India's services activity touches an eleven-year high of 59.2 in June")
Your mutilated banknote is money still: RBI rules for currency exchange
As per RBI (Note Refund) Rules, 2009 no bank can decline to exchange the damaged, mutilated, taped or torn banknotes. Here're RBI rules for exchange you must know.
 "Your mutilated banknote is money still: RBI rules for currency exchange")
RBI should intervene less, let rupee depreciate gradually: D Subbarao
In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually risen against some other hard currencies
 "RBI should intervene less, let rupee depreciate gradually: D Subbarao")
Credit-deposit growth gap widens to a three-year high of nearly 5%
Development fuels concern that slow deposit growth could emerge as one of the biggest constraints for loan growth in the system
 "Credit-deposit growth gap widens to a three-year high of nearly 5%")
RBI slaps penalties on Kotak Mahindra Bank, IndusInd Bank
The monetary penalty was imposed on IndusInd Bank as it failed to adhere to customer due diligence procedure in the accounts opened using OTP based e-KYC, in non-face-to-face mode
 "RBI slaps penalties on Kotak Mahindra Bank, IndusInd Bank")
Non-bank PSOs need approval for takeover or sale of business, says RBI
After approval, a public notice of at least 15 calendar days needs to be given before making the changes
 "Non-bank PSOs need approval for takeover or sale of business, says RBI")
Good time to invest in debt funds as portfolio yields rise, say experts
Opt for a mix of shorter-duration, target maturity, and dynamic bond funds
 "Good time to invest in debt funds as portfolio yields rise, say experts")
Muthoot Finance gets RBI approval to open 150 new branches across India
Muthoot Finance says it will hire 600 more people for the expansion
 "Muthoot Finance gets RBI approval to open 150 new branches across India")
Huge treasury loss staring at banks in June quarter
Will the RBI step in again to the rescue of the banks and ensure smooth sailing of the government's record borrowing plan this year?
 "Huge treasury loss staring at banks in June quarter")
No GST compensation: Will the Centre find another way to give states money?
It is also important to see which states can finance a reasonable portion of their regular expenditure with their own revenue
Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more
The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines
 "Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more")
Issue of opening up liabilities needs relook: Fino Payments Bank MD & CEO
Rishi Gupta, MD & CEO, Fino Payments Banks stresses for a change in regulation to allow payments banks to lend in an interaction with Manojit Saha
 "Issue of opening up liabilities needs relook: Fino Payments Bank MD & CEO")
