Page 56 - Rbi

Confident of delivering value on bid for Citi India deal: Axis Bank's Moghe

India's third-largest private lending is purchasing the retail business in a transaction worth Rs 12,235 crore

Central banks need stronger communication in turbulent times: RBI governor

Even short-term forecasting has become a challenge due to pandemic, says Shaktikanta Das

Rupee ends at new low on relentless FII sell-off, slower RBI intervention

Indian currency closes at 78.97 to the greenback after hitting all-tine low of 78.98 intraday

Proper interpretation of data necessary for informed decision making: Das

Das said lockdowns in various countries, including India, posed severe challenges to compilation and availability of data relating to the spread of the pandemic, and its impact on various economies

Top headlines: 28% tax on online gaming, Dish TV-YES Bank tussle, and more

Business Standard brings you the top headlines at this hour

What is tokenisation?

RBI is firm on implementing tokenisation, which will make your debit or credit card transactions more secure. The deadline to implement it has been pushed to Sept 30. Find out what is tokenisation.

Share of Casa in total bank deposits rose to 44.8% in March 2022: RBI data

Seven states accounted for 63.3% of overall deposits; share of female holdings in incremental deposits more than doubled

Public sector banks request RBI on bond portfolios as yields harden

At its policy review in April, the RBI had increased the limit on HTM portfolios to 23 per cent of net demand and time liabilities till March 31, 2023

Rupee at a fresh new low as rising oil deepens CAD, inflation concerns

The domestic currency was trading at a fresh record low of 78.597 per US dollar against 78.34 per dollar at the previous close

Agnipath scheme: A burgeoning pension bill is the govt's big headache

Pension is growing faster than the salaries of state employees, accounted for a third of revenue expenditure by armed forces in 2013-14 and 2020-21

Visa creates 100 mn card-on-file tokens following RBI norms last week

The landmark has been achieved in line with RBI's guidelines focusing on security and enhanced checkout experience, said Visa

The RBI is no fan of 'buy now, pay later' and it's wholly understandable

Last week, the Reserve Bank of India brought out its regulatory axe and hacked away at a popular path to small-ticket fintech loans

Credit card spend hits new high in May; bounce rates by value at 3-year low

Bounce rates by value at three-year low

Recessions in advanced economies may help cool inflation in India

Recessions in advanced economies may benefit India in a "perverse way" as a moderation in global commodities prices will help cool domestic inflation, according to Citigroup Inc

'There shouldn't be intolerable growth sacrifice to tame inflation'

With a cautiously optimistic outlook for the country's economy, MPC member Jayanth Varma said growth prospects for 2022-23 and 2023-24 financial years are 'reasonable'

Govt in talks with RBI to let RRBs tap credit depository to help prune NPAs

The Centre is thinking of allowing RRBs to invest in perpetual debt instruments issued by other banks, including RRBs

We are a global bridge for India Inc: CEO JPMorgan Chase Bank (India)

'As India emerges from the pandemic, and with the robust rebound in gross domestic product, we are seeing Corporate India using this period to deleverage'

Digital push needs caution

The RBI should take note of some critical lacunae

Rating agencies caught in the crossfire

There are close to 300 triple-A rated companies. Many of them will be downgraded and banks' capital requirements will rise

The RBI MPC serves no purpose other than cosmetic and should be dismantled

There are two insurmountable hurdles in the path of RBI's independence on monetary policy. These hurdles make committees redundant