Page 11 - Latest Updates on Reserve Bank of India
Time to widen the policy focus
The first big policy test of the new financial year will be the monetary policy review next week.
RBI risks falling behind curve on curbing inflation like US Fed: SBI Funds
The Reserve Bank of India has confounded market expectations with its accommodative policy even as inflation breached its 6% limit for two months
 "RBI risks falling behind curve on curbing inflation like US Fed: SBI Funds")
Best of BS Opinion: Reflection of time, irreversible damage & more
Here are the best of BS Opinion pieces of the day
 "Best of BS Opinion: Reflection of time, irreversible damage & more")
A Panglossian countenance on inflation
Central bank communication had moved decisively from "secrecy" to "transparency and accountability" over the decades.
RBI announces another $5-bn dollar/rupee sell-buy swap on April 26
The move is aimed to take out excess liquidity
 "RBI announces another $5-bn dollar/rupee sell-buy swap on April 26")
Compliance, risk management, audit weaknesses of banks, says RBI's MK Jain
RBI's MK Jain observed that the compliance setup was not resourced adequately with required number and quality of staff in many cases.
Maharashtra saw highest number of complaints against digital loan apps
A total of 2,652 complaints against digital loan apps (DLA) were received by 'Sachet' - a portal established by the RBI
 "Maharashtra saw highest number of complaints against digital loan apps")
RBI to maintain status quo at April meet: Axis Bank Chief Economist
On the currencies front, Bhattacharya estimated the rupee to depreciate to 76.50 against the dollar in FY23 as against 74.50 in FY22
High inflation to compel RBI to signal neutral policy stance: S&P
The RBI will likely raise the repo rate by at least 50-75 basis points through FY23, and by another 50 basis points in FY24, the ratings agency said
Enforcement Directorate wants RBI to block NBFCs on a Chinese string
Lists 40 NBFCs extending small-ticket loans but acting as a front for Chinese fintech firms
 "Enforcement Directorate wants RBI to block NBFCs on a Chinese string")
Fintech delinquency rates are not alarming: LenDenClub CEO Bhavin Patel
The government is focusing on certain sectors like, say, infrastructure, and you will have a boom as a result of this: Patel
 "Fintech delinquency rates are not alarming: LenDenClub CEO Bhavin Patel")
Indian banking in pink of health but what next?
Banks are caught in their own narrative: credit growth. Soon, one may see bubbles in certain pockets.
 "Indian banking in pink of health but what next?")
RBI releases framework for geo-tagging of payment system touch points
Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers
 "RBI releases framework for geo-tagging of payment system touch points")
RBI central board discusses impact of geopolitical crises on Indian economy
The 594th meeting of the Central Board of Directors of RBI was held on Friday at Bengaluru under the Chairmanship of Governor Shaktikanta Das
 "RBI central board discusses impact of geopolitical crises on Indian economy")
Top headlines: RBI reviews payment firms; US recovery helps India exports
The RBI has decided to review the business models of payment aggregators in view of a spate of frauds hitting customers.
 "Top headlines: RBI reviews payment firms; US recovery helps India exports")
Data breach: Business models of payment platforms under RBI scrutiny
Seeks info on lending ops after cases of data breach
 "Data breach: Business models of payment platforms under RBI scrutiny")
Commodity price rise may affect India's economic recovery, says S&P
Due to the ongoing Russia-Ukraine war, India may face higher expenditure on items that the government subsidises, particularly food and fertiliser, if these markets are upended for an extended period.
 "Commodity price rise may affect India's economic recovery, says S&P")
Digital payments spike, but cash circulation still high, shows data
UPI has been the biggest beneficiary of the digital payments drive.
 "Digital payments spike, but cash circulation still high, shows data")
Banks should account for govt transactions for FY22 in same year: RBI
Transactions through national electronic funds transfer (NEFT) and real time gross settlement (RTGS) system will continue upto 2400 hours on March 31, 2022, RBI said
RBI's innovation hub is an investment for the future: Shaktikanta Das
RBIH has been set up as a Section 8 company under the Companies Act, 2013, and has an independent board, with Senapathy Gopalakrishnan as the chairman
 "RBI's innovation hub is an investment for the future: Shaktikanta Das")
