Page 9 - Latest Updates on Reserve Bank of India
Paytm Payments Bank gets RBI nod for Surinder Chawla as new MD and CEO
Chawla is a veteran banker with over 28 years of experience across institutions such as HDFC Bank, RBL Bank, ABN Amro Bank, and Standard Chartered Bank
 "Paytm Payments Bank gets RBI nod for Surinder Chawla as new MD and CEO")
Top Headlines: India's GDP may grow 7% in FY23, forex reserves up by $44 mn
Business Standard brings you the top headlines at this hour
 "Top Headlines: India's GDP may grow 7% in FY23, forex reserves up by $44 mn")
Forex reserves up by $44 mn to $562.85 bn on rise in RBI gold reserves
Foreign currency assets declined by $302 mn to $498.19 bn in week ended Dec 30
 "Forex reserves up by $44 mn to $562.85 bn on rise in RBI gold reserves")
Employee strength of banks in pvt space almost equals PSBs': RBI data
The headcount in small finance banks was 14,179 in 2016-17, when they arrived on the scene
 "Employee strength of banks in pvt space almost equals PSBs': RBI data")
RBI details maiden sovereign green bond sales worth Rs 16,000 cr
Government to sell 5-year, 10-year green bonds on Jan 25 and Feb 9
 "RBI details maiden sovereign green bond sales worth Rs 16,000 cr")
RBI announces green bonds, to be auctioned in 2 parts of Rs 8,000 cr each
The proceeds from the bonds will be deployed in public sector projects which help in reducing the carbon intensity of the economy, said RBI
 "RBI announces green bonds, to be auctioned in 2 parts of Rs 8,000 cr each")
No need for customers to visit bank branches for re-KYC, says RBI
Self-declaration via email, phone sufficient
 "No need for customers to visit bank branches for re-KYC, says RBI")
Foreign banks rush to find plan B as ESMA-BoE ban on CCIL looms
Foreign lenders, RBI in talks to find satisfactory alternative mechanisms
 "Foreign banks rush to find plan B as ESMA-BoE ban on CCIL looms")
Digital payment plaints highest in RBI's integrated ombudsman scheme
Complaints relating to digital modes of payment and transactions were the highest, constituting 42.12% during the year
 "Digital payment plaints highest in RBI's integrated ombudsman scheme")
Turnaround of PSBs: From Rs 85K-cr loss in 2017 to nearing Rs 1-trn profit
PSBs booked collective losses to the tune of Rs 2,07,329 crore for five straight years -- from 2015-16 to 2019-20
 "Turnaround of PSBs: From Rs 85K-cr loss in 2017 to nearing Rs 1-trn profit")
Surge in credit to NBFCs takes service sector loans past those to industry
RBI data shows that as of November 18, outstanding loans to the services sector amounted to Rs 33.15 trillion while those to industry stood at Rs 32.94 trillion
 "Surge in credit to NBFCs takes service sector loans past those to industry")
Are we ready for the political compromises a digital currency may warrant?
It took 300 years for trust in currency to become total and unquestioned, and now digital currency brings with it some new challenges for it
A veteran's veteran
Former RBI official P P Ramachandran's third book is a labour of love comprising little tributes to the people with whom, or under whom, he had worked
SBI, ICICI, HDFC Bank continue to be systemically important banks
Lenders regarded as too big to fail; classification based on data they gave in March 2022
 "SBI, ICICI, HDFC Bank continue to be systemically important banks")
Interest rates nearly peaked, may go up by another 25 bps: UCO Bank CEO
Soma Sankara Prasad, managing director and chief executive officer of the Kolkata-based lender in an interview that he expects strong interest for the rupee trade from several nations
 "Interest rates nearly peaked, may go up by another 25 bps: UCO Bank CEO")
International regulation needed for crypto activities, says Reserve Bank
Noting that there is turmoil in crypto assets market, the Reserve Bank of India (RBI) has suggested a framework for international regulation of such crypto activities
 "International regulation needed for crypto activities, says Reserve Bank")
India's December manufacturing PMI expands to 57.8; highest in over 2 yrs
Monday's data cemented the view Asia's third-largest economy is better placed than many other emerging economies to weather the impact of a potential global recession
 "India's December manufacturing PMI expands to 57.8; highest in over 2 yrs")
Economic stress tests
External sector remains a source of risk
 "Economic stress tests")
How financial reforms can quicken pace for India to become a $5-trn economy
In the Union Budget for FY22, no funds were earmarked for recapitalising state-run banks. This was a decadal first, and will temper their eagerness to lend
 "How financial reforms can quicken pace for India to become a $5-trn economy")
RBI to extensively use AI, MI driven tools for info creation, data analysis
Against the backdrop of a challenging global and domestic environment, Utkarsh 2.0 commences from 2023, when India assumes the G-20 Presidency: RBI
 "RBI to extensively use AI, MI driven tools for info creation, data analysis")
