Page 7 - Latest Updates on Reserve Bank of India
Digital currency has 50,000 users, 5,000 merchants: RBI Deputy Governor
The recently launched retail central bank digital currency (CBDC) pilot has 50,000 users and 5,000 merchants, the RBI said on Wednesday
 "Digital currency has 50,000 users, 5,000 merchants: RBI Deputy Governor")
No proposal to increase overseas investment limits for MFs: RBI Governor
There is no proposal to increase the overseas investment limits for domestic mutual funds at the moment, Reserve Bank Governor Shaktikanta Das said on Wednesday.
 "No proposal to increase overseas investment limits for MFs: RBI Governor")
Rupee appreciates 19 paise to end at 82.51 against US dollar
The rupee appreciated 19 paise to close at 82.51 (provisional) against the US dollar on Wednesday after the Reserve Bank of India (RBI) hiked the repo rate by 25 basis points
 "Rupee appreciates 19 paise to end at 82.51 against US dollar")
25 bps hike: No change in stance, par for the course
One cannot completely rule out the possibility that the pause button would be pressed at the next MPC meet. Future actions, both for policy rate and stance, will depend on evolving data
Ahead of ban order, RBI gave a list of apps working with NBFCs to govt
The Reserve Bank of India gave a list of apps, which were working with non-bank lenders registered with the central bank, to the government ahead of the ban imposed on some apps
 "Ahead of ban order, RBI gave a list of apps working with NBFCs to govt")
RBI to launch pilot project for QR-based coin vending machines in 12 cities
These vending machines will dispense coins against a debit to the customer's account. The process will use Unified Payments Interface (UPI) instead of physical tendering of notes
 "RBI to launch pilot project for QR-based coin vending machines in 12 cities")
Indian banking won't be affected by individual case: Shaktikanta Das
Loans are not given considering a company's market capitalisation, he says about Adani Group crisis
 "Indian banking won't be affected by individual case: Shaktikanta Das")
RBI MPC increases repo rate by 25 bps, pegs FY24 inflation at 5.3%
Need to see decisive decline in inflation, core inflation still sticky, says RBI governor
 "RBI MPC increases repo rate by 25 bps, pegs FY24 inflation at 5.3%")
RBI MPC: When and where to watch policy announcement by Shaktikanta Das
RBI monetary policy: In December, Das had said that despite consecutive rate hikes, core inflation had continued to remain 'sticky'
SBI economists expect RBI to hit pause button on interest rate hike
Economists at SBI said they expect RBI to hit the pause button on interest rate hike at its upcoming monetary policy review this week
 "SBI economists expect RBI to hit pause button on interest rate hike")
Top 10 borrowers owe Rs 12,71,604 cr to Scheduled Commercial Banks: CRILC
Also, as per the RBI guidelines, banks are required to have a clear policy regarding the Debt-Equity Ratio for project financing to ensure that promoters bring in equity funds proportionate to
 "Top 10 borrowers owe Rs 12,71,604 cr to Scheduled Commercial Banks: CRILC")
Banking sector remains resilient amid Adani Group's stock rout, says RBI
'Central bank maintains constant vigil on sector, individual banks'
 "Banking sector remains resilient amid Adani Group's stock rout, says RBI")
RBI asks banks to share information on exposure to Adani Group companies
SBI's exposure to the group is Rs 21K cr
 "RBI asks banks to share information on exposure to Adani Group companies")
Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund
Centre looks to raise Rs 16,000 cr this fiscal via green bonds. The Budget, however, does not say whether or not bond issuance will be the sole contributor to the fund
 "Projects worth Rs 19,000 cr to get grants under Sovereign Green Fund")
RBI appoints V Ramachandra as member of Advisory Committee of SIFL, SEFL
The Advisory Committee shall advise the Administrator in the operations of SIFL and SEFL during the corporate insolvency resolution process
Reserve Bank partially relaxes restrictions on SBM Bank up to March 15
Last week, the central bank had asked SBM to stop all transactions under the liberalised remittance scheme (LRS) until further notice
Reserve Bank of India to conduct auction of 10-year govt bond on Friday
The government will sell a notified amount of Rs 28,000 crore worth of three securities on Friday
FY24 borrowings seen at new high, but insurers, softer RBI to help bonds
Sovereign yield curve seen steeper; short-term bonds may gain on likely RBI pivot
 "FY24 borrowings seen at new high, but insurers, softer RBI to help bonds")
The case for baby RBIs
Despite its admirable competence and proven track record, the Reserve Bank of India doesn't have the capacity to supervise an economy that's growing so fast and becoming larger by the year
Exposure to Adani group well below limit, says State Bank of India
Lender says all exposures secured by cash generating assets, and debt service will not be a challenge
 "Exposure to Adani group well below limit, says State Bank of India")
