Page 13 - Latest Updates on Reserve Bank of India
RBI punished Paytm Payments Bank for data leaks to Chinese firms: Report
Annual inspections by RBI found that the company's servers were sharing information with China-based entities that indirectly own a stake in Paytm Payments Bank, says a source
 "RBI punished Paytm Payments Bank for data leaks to Chinese firms: Report")
RBI lifts interest cap on microfinance institutions, bans usurious rates
Borrower cannot be charged any amount not been explicitly mentioned in a factsheet, says regulator.
 "RBI lifts interest cap on microfinance institutions, bans usurious rates")
HDFC Bk: Analysts eye new launches as RBI lifts curb on digital initiatives
In December 2020, RBI had imposed restrictions on HDFC Bank on issuing new credit cards, and introducing new digital initiatives due to concerns over recurring IT-system outages
 "HDFC Bk: Analysts eye new launches as RBI lifts curb on digital initiatives")
Statsguru: From UPI to IMPS, mapping digital transactions in India
Wallets have also made a comeback, with rising transaction volumes
 "Statsguru: From UPI to IMPS, mapping digital transactions in India")
March out of retail: Why are foreign banks clinging to corporate banking?
Foreign banks set the template in consumer banking in its infancy, but have almost vacated this booming space
 "March out of retail: Why are foreign banks clinging to corporate banking?")
India's forex reserves rise by $394 million to $631.92 billion: RBI data
India's foreign exchange (forex) reserves rose by $394 million to $631.92 billion in the week ended March 4 led by a sharp jump in foreign currency assets, the Reserve Bank of India (RBI) data showed.
 "India's forex reserves rise by $394 million to $631.92 billion: RBI data")
Ukraine war threatens another global recession, deglobalisation: Patra
While immediate implications are likely lower growth, higher inflation and disruptions to financial markets, the longer-term implications are disruptions to global supply chains, he said
 "Ukraine war threatens another global recession, deglobalisation: Patra")
India's forex reserves rise by $394 million to $631.92 billion
Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves
 "India's forex reserves rise by $394 million to $631.92 billion")
India's growth recovery may get hurt by geopolitical crisis: RBI deputy
'In a sense, India's growth story remains as weak as it was at the time of the 2013 taper tantrum,' he said
 "India's growth recovery may get hurt by geopolitical crisis: RBI deputy")
Crude prices risk can be treated as supply shock: RBI deputy governor Patra
Michael Patra adds that while geopolitical fallout is being assessed, it is reasonable to treat it as a supply shock at this stage in setting monetary policy
Top headlines: RBI setback for Paytm Payments Bank; IRDAI gets a new chief
Here are the top headlines on Friday
 "Top headlines: RBI setback for Paytm Payments Bank; IRDAI gets a new chief")
RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit
The ban on customer acquisition shall cripple business growth for Paytm PB, which is targeting to add half a billion customers to its fold
 "RBI bars Paytm Payments Bank from acquiring customers, calls for IT audit")
Bank credit grows by 7.9% to Rs 116.27 trn; deposits by 8.6%: RBI data
Bank credit grew by 7.9'% to Rs 116.27 trillion and deposits rose by 8.6% to Rs 162.17trillion in the fortnight ended February 25, RBI data showed
 "Bank credit grows by 7.9% to Rs 116.27 trn; deposits by 8.6%: RBI data")
Commodity surge could pressure RBI to normalise more quickly: S&P
S&P expects duty cuts on petrol and diesel if global crude oil prices stay high
 "Commodity surge could pressure RBI to normalise more quickly: S&P")
Morgan Stanley expects India's CAD to widen to 10-year high
Morgan Stanley expects the April RBI policy to mark the process of policy normalisation with a reverse repo rate hike.
 "Morgan Stanley expects India's CAD to widen to 10-year high")
India Inc's direct overseas investment plunges 67% to $754 mn in Feb
India Inc's direct overseas investment declined 67 per cent to USD 753.61 million in February this year, the Reserve Bank data showed on Thursday.
 "India Inc's direct overseas investment plunges 67% to $754 mn in Feb")
Food inflation on Ukraine crisis could force RBI's hand on rates: Economist
The RBI would like to keep interest rates unchanged for a while longer and not put any roadblocks in front of the Indian economy, says Moody's Analytics' Steve Cochrane
 "Food inflation on Ukraine crisis could force RBI's hand on rates: Economist")
Why did students have to leave India to get a medical degree: Rajan
Amid evacuation of medical students from war-torn Ukrainem, the former RBI governor asks why India is not able to retain its 'human capital'
 "Why did students have to leave India to get a medical degree: Rajan")
Not authorised any external entity to address public grievances: RBI
'Instances of misinformation being spread through certain sections of the social media about the Reserve Bank - Integrated Ombudsman Scheme 2021 (RB-IOS) - have come to the notice of the RBI'
RBI issues norm for extended interest equalisation scheme for export credit
The Reserve Bank of India (RBI) on Tuesday issued modified norms on Interest Equalization Scheme for export credit after the extension of the scheme till March 2024 by the government.
