Page 52 - Rbi
Ending of rate hikes in US to stem sharp rupee depreciation
With front-loaded rate hikes by the US Fed, the US dollar will remain relatively strong in the immediate term
Rupee crossing 80 to the dollar is nothing to be startled about
While the impact on other currencies has been sharp with most of them depreciating, the rupee has done well, being somewhere in the middle
Rupee declines to record low of 80.01 to a dollar as foreign funds exit
The currency has been buffeted by nearly $30 billion of foreign outflows from the nation's equities so far this year -- a record sum
 "Rupee declines to record low of 80.01 to a dollar as foreign funds exit")
YES Bank plans to invest Rs 350 cr in JC Flowers, raise $1 bn in FY23
JC Flowers has been named as the base bidder for bad loans worth Rs 48,000 crore of YES Bank
 "YES Bank plans to invest Rs 350 cr in JC Flowers, raise $1 bn in FY23")
Morgan Stanley expects India's FY24 GDP growth to slow down to 6.4%
It said the GDP growth will slow down to 6.4 per cent in FY24, the brokerage said, adding that this is lower by 0.30 per cent compared to the earlier estimate.
 "Morgan Stanley expects India's FY24 GDP growth to slow down to 6.4%")
Govt revives IPO plans for RRBs, asks sponsor banks to identify candidates
Sponsor banks - that hold about 35 per cent in RRBs - have been asked to handhold regional lenders at all stages from identification of merchant bankers to the conclusion of IPO
 "Govt revives IPO plans for RRBs, asks sponsor banks to identify candidates")
At around $1 bn, travel accounts for half of outward remittances in May
According to Reserve Bank of India (RBI) data, total remittances rose by 61.8 per cent year-on-year (YoY) to $2.03 billion in May 2022 from $1.25 billion in May 2021
 "At around $1 bn, travel accounts for half of outward remittances in May")
'Govt, RBI moves help banks recover Rs 8.6-trn bad loans in last 8 fiscals'
Minister of State for Finance Bhagwat Karad in a written reply to the Lok Sabha said the occurrence of non-performing assets (NPAs) is normal, although an undesirable, corollary to business of banking
 "'Govt, RBI moves help banks recover Rs 8.6-trn bad loans in last 8 fiscals'")
Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD
FM Nirmala Sitharaman on Monday said the RBI has expressed concerns over cryptocurrencies saying that they should be prohibited as they can have destabilising effect on monetary and fiscal stability
 "Top headlines: India reports 2nd monkeypox case; rupee settles at 79.98/USD")
Global cooperation needed to regulate crypto: Sitharaman tells Parliament
RBI has called cryptocurrencies a 'real danger', listing their risk in its annual report
 "Global cooperation needed to regulate crypto: Sitharaman tells Parliament")
RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament
The RBI mentioned that cryptocurrencies are not a currency because every modern currency needs to be issued by the central bank or the govt, said Nirmala Sitharaman in a written reply
 "RBI wants govt to prohibit cryptocurrencies: FM Sitharaman tells Parliament")
Rupee close to 80 per dollar: How RBI steps may help stabilise it
Over the past month, the RBI has also taken several steps to attract fresh overseas capital to Indian markets
 "Rupee close to 80 per dollar: How RBI steps may help stabilise it")
Remittances from West Asia hit in FY21 due to Covid-19 pandemic
According to an RBI survey, Indians in advanced nations, like the US & UK, emerged important sources of money
 "Remittances from West Asia hit in FY21 due to Covid-19 pandemic")
Govt draws up plan to bolster PSU bank boards, hold directors accountable
With amendments to banking Act, it seeks to notify tenure for chairman
 "Govt draws up plan to bolster PSU bank boards, hold directors accountable")
Worst of inflation may be behind us, RBI staff say in July 2022 Bulletin
According to the July Bulletin article, the current level of reserves were equivalent to 9.5 months of imports projected for 2022-23
YES Bank, JC Flowers in pact for ARC in bid to seal largest ever NPA deal
This is being termed the single-largest bad loan deal
FRAs back in vogue, help insurers in fixed rate of interest for payouts
Forward Rate Agreements enables insurers lock in a fixed rate of interest rate for a future pay out
 "FRAs back in vogue, help insurers in fixed rate of interest for payouts")
Forex reserves fall $8.062 bn to $580.252 bn in week ended July 8: RBI data
During the reporting week ended July 8, the decrease in the reserves was on account of a fall in the Foreign Currency Assets, a major component of the overall reserves, and in gold reserves, RBI said.
 "Forex reserves fall $8.062 bn to $580.252 bn in week ended July 8: RBI data")
YES Bank's stressed loan portfolio: Understanding what went wrong at lender
The bank, in August, 2021 invited applications for setting up an ARC, planning to hold a 20 per cent stake in it. On the RBI's objection, it agreed to hold a minority stake in the ARC
 "YES Bank's stressed loan portfolio: Understanding what went wrong at lender")
Securitisation volumes jump 70% to Rs 35,000 cr in Q1: CRISIL report
The Reserve Bank of India defines securitisation as transactions where credit risks in assets are redistributed by repackaging them into tradable securities
 "Securitisation volumes jump 70% to Rs 35,000 cr in Q1: CRISIL report")