Page 34 - Rbi

RBI to submit report on failure to tackle inflation for 3 qtrs since Jan

With inflation staying above the upper tolerance limit for nine straight months, the Reserve Bank will now have to submit a report to the central government detailing reasons for the failure to contain prices and remedial steps to rein in the price rise. The Reserve Bank of India Act mandates that in the case of the inflation target not being met for three consecutive quarters, the central bank has to submit a report to the government explaining the reasons and detail the remedial actions it will be taking to check the price rise. This will be the first time since the onset of the Monetary Policy Framework which came into effect in 2016 that the RBI will be made to explain its actions in a report to the government. As per the mandate given to the Reserve Bank by the Union Government, the central bank is required to ensure retail inflation remains at 4 per cent with a margin of 2 per cent on either side. Now, the Secretary to the MPC, which factors in retail inflation while arriving

RBI's revised ARC norms: Aircel, RCom debt resolution faces uncertainty

Reliance Communications, then owned by Anil Ambani, had to shut down its business operations as a result of its high debt burden and a failed merger with Aircel

RBI rate hikes to have limited impact on Indian banks' profits: Moody's

The Reserve Bank of India's slew of rate hikes this year to combat surging inflation will help lift banks' net interest margins, but the increase will be limited, Moody's Investors Service said

RBI asks banks to set aside capital, provisions for unhedged FX exposure

Move comes amid sharp depreciation in rupee; says losses incurred by entities with such exposure could affect health of banking system

RBI tightens disclosure norms on divergence in NPAs, provisions

Also makes them applicable to UCBs

MDs, CEOs of ARCs can't have more than 3 terms in office without a cool-off

RBI allows ARCs to bid for assets in IBC cases

Liquidity slips into deficit on high credit growth, festival loan demand

Banks face pressure to raise deposits; weighted average call rate highest in 3 years

Best of BS Opinion: Crisis Nobels, rupee and reserves, and more

Here is the best of Business Standard's opinion pieces for today

RBI cancels the licence of Pune-based Seva Vikas Co-operative Bank

Seva Vikas Co-operative Bank lacked adequate capital and earning prospects.

The rupee and foreign reserves: The larger story

It is argued that we should let the rupee find its own level - more so, when many other currencies are depreciating against the dollar. The low values of these currencies, however, are not sustainable

Ratings devoid of lenders detail should be treated as unrated exposure: RBI

Capital charge to be linked to risk weight for unrated lending

NPCI's plan to acquire a stake in ONDC faces RBI hurdle, says report

Banking regulator flags conflict of interest concern

No material impact of rate hike on demand for home loans: RBI data

Interest rates do not seem to have a material bearing on people who buy their dream residential properties on borrowed funds as the home loan outstanding of banks almost doubled to Rs 16.85 lakh crore in the last five years, shows Reserve Bank data. Even in the first five months of the current fiscal, home loan outstanding of banks has clocked double-digit growth, despite the Reserve Bank raising the key interest rate thrice during this period by a whopping 140 basis points (bps), which led to a hike in the home loan rate. Another hike in repo rate was effected in September by 50 bps. As per the RBI data, the housing loan outstanding of the banks was at Rs 8,60,086 crore at the end of fiscal 2016-17, and the same has increased to Rs 16,84,424 crore at the end of 2021-22. Experts from banking and real estate industry are of the opinion that though interest rates are important, they do not deter a home buyer as the decision is based on current income and future prospects. Also peopl

Top headlines: RBI unveils digital rupee features, HUL price cuts, and more

Business Standard brings you the top headlines at this hour

RBI unveils features of digital rupee, plans to launch pilot soon

The CBDC shall appear as a liability on the central bank's balance sheet

LIC, Centre to sell 60.7% stake in IDBI Bank; DIPAM invites EoIs

DIPAM invites EoIs; last date to submit bids is Dec 16

RBI action against M&M Fin won't impact us: U Gro Capital's Sachindra Nath

'Our view is that the transmission of interest rates is not as high as the need for credit demand for working capital and term loans. So we don't see that as a challenge'

RBI sells dollars as rupee hits record low on US interest rate hike fears

The Reserve Bank of India likely sold dollars via state-run banks on Friday after the rupee slid below 82 to a record low against the dollar on concerns over the US Federal Reserve rate outlook

RBI likely to set underwriting commission in 1.00-1.50 paise band: Poll

The Indian government aims to raise at least 280 billion Indian rupees ($3.41 billion) through the sale of bonds on Friday

Sebi cancels certificate of registration granted to Brickwork Ratings

Orders it to wind down operations in six months