Page 6 - Latest Updates on Reserve Bank of India
RBI makes changes in NEFT, RTGS for daily reporting of foreign remittances
With Home Ministry mandating SBI to report all details of overseas donors, including purpose of remittances on daily basis, RBI made changes in NEFT and RTGS systems for FCRA related transactions
 "RBI makes changes in NEFT, RTGS for daily reporting of foreign remittances")
Liquidity likely to veer towards neutral after three years of surplus
Future scenario hinges on forex market, govt spending, credit growth
 "Liquidity likely to veer towards neutral after three years of surplus")
Government affirms its number, says no 'overestimation' in retail inflation
A number of economists had pointed out that January's retail inflation data may have been overestimated by 23 basis points owing to a variation in the price index for cereals
 "Government affirms its number, says no 'overestimation' in retail inflation")
Digital lenders increasing spending on data security tech: Report
Threat to data privacy and cybercrimes are among risks for digital lending: Survey
 "Digital lenders increasing spending on data security tech: Report")
SBI loans to get costlier as bank hikes key lending rate; Details here
Following the RBI MPC's repo rate hike earlier this month, many banks like Bank of Baroda, Bank of India, and Punjab National Bank have also hiked their key lending rates
 "SBI loans to get costlier as bank hikes key lending rate; Details here")
Rupee to weaken on bets of more Fed Reserve rate hikes, RBI in focus
The non-deliverable forwards indicate that the rupee will open at around 82.85-82.90 to the dollar, compared with 82.7550 in the previous session
 "Rupee to weaken on bets of more Fed Reserve rate hikes, RBI in focus")
Reserve Bank announces second global hackathon, winner to get Rs 40 lakh
The Reserve Bank on Tuesday announced its second global hackathon -- 'HARBINGER 2023 - Innovation for Transformation' with the theme 'Inclusive Digital Services'
 "Reserve Bank announces second global hackathon, winner to get Rs 40 lakh")
Inflation-linked road toll rate hike to be modest at 2-5% in FY24: Icra
Credit rating agency Icra on Monday said the inflation-linked toll hike should be relatively modest at 2-5 per cent in FY24 as compared to 8.7-14.6 per cent last fiscal
 "Inflation-linked road toll rate hike to be modest at 2-5% in FY24: Icra")
RBI rejects RTI seeking information on its correspondence with govt
The report mentioned the debate on disclosure of the RBI's failure to meet the flexible retail inflation target of 2-6% for three straight quarters between January and September
Sebi solved 3,180 complaints in January through its SCORES platform
A total of 3,180 complaints received through SCORES against companies or market intermediaries have been disposed of in January, as per data released by markets regulator Sebi on Friday.
 "Sebi solved 3,180 complaints in January through its SCORES platform")
FIIs turn net buyers; invest $840 million in Indian bonds in 2023 so far
Foreign institutional investors have purchased $840 million worth of Indian bonds so far in 2023. This is a change in the trend as they were net sellers of bonds in the years 2022 and 2021
 "FIIs turn net buyers; invest $840 million in Indian bonds in 2023 so far")
RBI resumes repo ops after 5 months as LTRO maturities lined up
The outflows in March coincide with the end of the financial year, which is typically a busy time for banks on the asset-liability management front
Reserve Bank widening bond lending may shield bears from short squeezes
Some entities like insurance companies are not permitted to borrow money but have a large stock of securities and the move will enable them to lend bonds
 "Reserve Bank widening bond lending may shield bears from short squeezes")
Markets gain on dovish comments by US Fed chairman; Sensex rise 378 points
Bank Nifty underperforms after RBI raises hikes rate by 25bps
 "Markets gain on dovish comments by US Fed chairman; Sensex rise 378 points")
RBI to frame guidelines on penal charges for default in loan servicing
The central bank also said that the penal charges would be recovered from the borrower separately and not added to the outstanding principal amount
Reserve Bank announces guidelines on climate risk, sustainable finance
The guidelines consist of a broad framework for acceptance of green deposits, disclosure frameworks on climate-related financial risks and guidance on climate scenario analysis and stress testing
Analysts expect RBI to hike repo rate 25 bps again in April policy
Analysts are of the view that after delivering the seventh hawkish policy on Wednesday the central bank may pause after delivering a likely 25 basis points increase in the April review
RBI rate hike on expected lines; policy focuses inflation: Bankers
The Reserve Bank's decision to hike repo rate by 25 basis points was on expected lines but the policy focuses more on inflation despite the recent moderation in the number, bankers said on Wednesday
Bond yields harden as Reserve Bank shows no sign of policy turn
Traders expect the excess cash with banks to dry up significantly over the next three to four months
 "Bond yields harden as Reserve Bank shows no sign of policy turn")
Moderation of pace of rate hikes gives RBI room to assess impact: Das
Central bank management speaks to the media about inflation, economy and government borrowing
 "Moderation of pace of rate hikes gives RBI room to assess impact: Das")
