Page 60 - Latest Updates on Reserve Bank of India
RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME
Rules apply to 'upper layer' of finance firms specifically identified by the central bank for enhanced regulatory requirements.
 "RBI lists rules for provisioning by NBFCs on advances to hsg, realty, SME")
No plan to replace Mahatma Gandhi on Indian currency notes, clarifies RBI
There were reports that the RBI might be considering using the images of Rabindranath Tagore and A P J Abdul Kalam on new-series currency notes
 "No plan to replace Mahatma Gandhi on Indian currency notes, clarifies RBI")
10-year G-Sec touches 7.5% ahead of RBI's monetary policy review
The yield jumped 4 basis points (bps) on Monday after Saudi Arabia - the world's biggest oil exporter - raised prices for Asian buyers
 "10-year G-Sec touches 7.5% ahead of RBI's monetary policy review")
RBI's monetary policy to focus on macroeconomic stability
Since the last policy announcement, inflationary risks have increased significantly
 "RBI's monetary policy to focus on macroeconomic stability")
Widening earnings-bond yield gap may weigh on stock market performance
If bond yields continue to climb, Nifty valuations will have to lower to maintain the gap
 "Widening earnings-bond yield gap may weigh on stock market performance")
Liquidity withdrawal expected as RBI set to hikes rates on Wednesday
RBI Governor Shaktikanta Das said late last month the bank's primary focus was to bring inflation down closer to target but it could not disregard concerns around economic growth
RBI's MPC starts 3-day deliberations amid speculation of rate hike
There are speculations that the central bank may go for at least 35 basis points (bps) hike over and above the 40 bps hike effected last month after an off-cycle MPC meeting
Hiccups over the last mile: Biz correspondent model may need overhauling
The BC model is essentially a regulator-led effort that not only aims to make financial services accessible through a branchless banking facility, but also supports the national agenda of job creation
 "Hiccups over the last mile: Biz correspondent model may need overhauling")
Govt plans to offload some of interest cost on aid given to partner nations
The central government plans to tweak letters-of-credit rule
 "Govt plans to offload some of interest cost on aid given to partner nations")
Another rate hike on cards, say experts ahead of RBI's MPC meeting
Reserve Bank is likely to increase the benchmark lending rate in quick succession in monetary policy review for which has already been given by Governor Shaktikanta Das, opined experts.
 "Another rate hike on cards, say experts ahead of RBI's MPC meeting")
RBI policy, global trends to be key drivers for markets this week: Analysts
Last week, the BSE Sensex advanced 884.57 points or 1.61 per cent
 "RBI policy, global trends to be key drivers for markets this week: Analysts")
Reserve Bank of India penalises Punjab & Sind Bank over non-compliance
The Reserve Bank of India (RBI) added that the penalty is based on the deficiencies in regulatory compliance
 "Reserve Bank of India penalises Punjab & Sind Bank over non-compliance")
India's retail inflation may be at 5.7-6.9% in FY23, say economists
This is after duty cuts on fuel; 25-50 bps repo rate hike likely in the MPC meet next week
 "India's retail inflation may be at 5.7-6.9% in FY23, say economists")
We expect positive momentum in realty sales in year ahead: Pavitra Shankar
'We plan to launch 8 million square feet in residential projects and 2 million square feet in commercial projects in FY23'
 "We expect positive momentum in realty sales in year ahead: Pavitra Shankar")
RBI likely to bring 0.40% hike in rates in next policy review meet: Report
The Reserve Bank is expected to go for another rate hike of 0.40% at the scheduled review of the monetary policy next week, a foreign brokerage said on Friday.
PMI: Service activity touches 11-year high of 58.9 in May on strong demand
Overall demand rose at the fastest pace since July 2011 as economic activity continued to normalise with the lifting of pandemic restrictions
 "PMI: Service activity touches 11-year high of 58.9 in May on strong demand")
Govt leans heavily on nominal revenue growth to beat fiscal blues
If the burden does hit Rs 2.5 trillion, that would mean extra spending of around Rs 35,000 crore
 "Govt leans heavily on nominal revenue growth to beat fiscal blues")
Currency turmoil risks undermining India's debut sovereign green bond
The currency has slumped more than 45 this year amid concern the RBI is behind the curve in tackling inflation, with elevated crude oil prices adding to pressures on the net
 "Currency turmoil risks undermining India's debut sovereign green bond")
HDFC Bank sees profits more than doubling to $15 bn in 5 years after merger
CEO Sashidhar Jagdishan tells analysts merger with HDFC gives the lender the opportunity to double its balance sheet every five years
 "HDFC Bank sees profits more than doubling to $15 bn in 5 years after merger")
EMIs to hurt more as PNB, ICICI Bank, HDFC hike interest rates
Third hike by HDFC in a month, ICICI increase steepest at 30 basis points
 "EMIs to hurt more as PNB, ICICI Bank, HDFC hike interest rates")
