Page 14 - Rbi

Retail inflation likely rebounded from 12 months low to 5.9% in January

Core inflation, which excludes volatile food and fuel prices, was still running at 6.10% in December, which makes it difficult for the RBI to look away and to keep the tightening cycle going

RBI resumes repo ops after 5 months as LTRO maturities lined up

LTROs/TLTROs worth Rs 75,000 cr to mature by April-end

RBI to hike rates again on sticky inflation, Fed pressure, say analysts

The central bank surprised markets by leaving the door open to more tightening, saying the stickiness of core inflation was concerning

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

RBI's retail CBDC generates over 750,000 transactions so far: Deputy Guv

The RBI launched the pilot project for retail CBDC on December 1 last year

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

MeitY only wants apps not run by regulated firms removed: RBI Dy Governor

Says central bank merely provided ministry a list of apps operated by regulated entities, had not suggested any ban

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

Travellers to India from G20 nations can use UPI for merchant payments: RBI

UPI transactions touched a record high of 8.03 billion transactions in January, adding up to Rs 12.98 trillion

MPC meet: No change in stance, RBI hints at more policy rate hikes

Policy rate increased by 25 bps to a 4-year high of 6.5%

RBI's approach to help set stage for a soft landing

The RBI's caution on inflation and its relatively hawkish position demonstrate its steadfast commitment to achieving the inflation target of 4%

Retaining policy flexibility

Inflation remains a concern for the RBI

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Indian households' inflation expectations moderated by 20 basis points: RBI

Indian household's inflation expectations for current period moderated by 20 basis points to 9.6%, while consumer confidence improved further, the RBI's latest round of internal surveys showed

Fake notes in coin vending machines led to UPI-based alternative: RBI

Getting fake currency notes in coin vending machines led the Reserve Bank to announce the unified payment system-based alternative, Deputy Governor T Rabi Sankar said on Wednesday. Sankar said the RBI had installed coin vending machines at strategic places like vegetable markets where there is a high demand for coins but had to grapple with the challenge of fake notes. The problem then was that the currency that was being fed into these machines was found to be very often fake so that became an issue, he told reporters at the central bank headquarters here. This is where the RBI started to think of the alternatives that can be deployed, Sankar said, adding that a lot of people use cellphones which can scan a QR code which can be linked to the unified payments interface to initiate and process a transaction sans the use of currency notes. The machine was developed in-house and a pilot project was launched, which is now being expanded, Sankar said, adding that the newly announced ..

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. "We want the process to happen, but we want the process to happen gradually and slowly. We are in no hurry to make something happen so quickly," Deputy Governor T Rabi Sankar said at the post-policy press conference here. "We have our targets in terms of users, in terms of merchants. We will go slowly," he added. The RBI does not want to end up in a situation where it does something without actually understanding the likely impact or would always be desiring to be in a position where it can manage the fallout, Sankar said. He said 50,000 users and 5,000 merchants are transacting through eight banks at present, and another five lenders are set to join soon. The pilot project started on December 1 has witnessed 7.70 lakh transactions, and is now being carried out in five cities, he said. There are plans to add nine more cities to the list, Sankar

One client will not affect Indian banking system: RBI Guv on Adani row

An individual client -- Adani Group -- will not bring down the Indian banking system as the country's banking sector is resilient and strong, Reserve Bank of India (RBI) Governor Shaktikanta Das said.

Adani Enterprises, RBI policy takes Nifty above 17,850, Sensex leaps 378pts

CLOSING BELL: Adani Enterprises surged 23 per cent, while Adani Ports zoomed 9 per cent, leading the winners' list on the Nifty50

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 earlier this week, officials said on Wednesday. "We have given a list of apps which work with NBFCs (non-banking finance companies) to the government. On that basis, the government has taken this step," Governor Shaktikanta Das told reporters here. Earlier this week, the Ministry of Electronics and Information Technology banned 94 loan apps, which included entities not connected to China as well. It included some apps involved in what reports described as predatory lending with unfair terms, which led to a debt trap for the borrowers. The list of banned apps include 'Buy Now Pay Later' (BNPL) apps such as LazyPay and Kissht. Das said the RBI sought a list of apps the NBFCs registered with it work with, adding that this was done because "there are many illegal and illegitimate apps" which promise to lend by

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