Page 14 - Latest Updates on Reserve Bank of India
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.
 "RBI issues norm for extended interest equalisation scheme for export credit")
We see clear advantages in a central bank driven digital currency: FM
FM Nirmala Sitharaman on Tuesday said the 'Digital Rupee' is a conscious call taken in consultation with the RBI and the government sees clear advantages in a central bank driven digital currency
 "We see clear advantages in a central bank driven digital currency: FM")
RBI's dollar-rupee sell-swap auction sees three times more bids
In the auction, the RBI has accepted $5.135 billion against the notified amount of $5 billion
 "RBI's dollar-rupee sell-swap auction sees three times more bids")
Selling in bank stocks to continue despite 20% fall since Feb, say analysts
Nomura pointed out that even though the outlook for banks remains positive, a prolonged conflict-like situation would be negative for global growth
 "Selling in bank stocks to continue despite 20% fall since Feb, say analysts")
RBI deepens digital pay infra, launches UPI for 400 mn feature phone users
UPI is on course to reach Rs 100 trillion in value of transactions, said Governor Shaktikanta Das
 "RBI deepens digital pay infra, launches UPI for 400 mn feature phone users")
Oil shock from Ukraine war risks becoming 'nightmare' for India's RBI
The Ukraine war's impact on global supply chains could force India's central bank to raise its inflation forecast, but may leave little scope for it to tighten monetary policy, according to economists
 "Oil shock from Ukraine war risks becoming 'nightmare' for India's RBI")
Small finance banks seek an urgent extension of time limit for listing
These banks have cited the 'accepted recommendations 31 and 27' of the Reserve Bank of India's (RBI's) Internal Working Group (IWG) to buttress their request
 "Small finance banks seek an urgent extension of time limit for listing")
PM Narendra Modi to chair webinars on infrastructure, divestment
The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry
PM Narendra Modi to chair webinars on infrastructure, divestment
The objectives of these meetings will be to brainstorm with experts from the public and private sectors, academia and industry
 "PM Narendra Modi to chair webinars on infrastructure, divestment")
Forex reserves decline by $1.425 bn on a dip in currency assets
The overall reserves had increased by USD 2.762 billion to USD 632.952 billion in the previous reporting week
 "Forex reserves decline by $1.425 bn on a dip in currency assets")
MPC hasn't compromised on price stability: RBI governor Shaktikanta Das
RBI governor says accommodative stance based on our domestic growth-inflation dynamics
 "MPC hasn't compromised on price stability: RBI governor Shaktikanta Das")
Monetary policy is an art of managing expectations, says RBI Governor
Reserve Bank Governor Shaktikanta Das said "monetary policy is an art of managing expectations" as he emphasised the need for an effective communication strategy
 "Monetary policy is an art of managing expectations, says RBI Governor")
Rupee hits 10-week low as Ukraine crisis grows; RBI in focus
Most emerging Asian currencies and stocks weakened on Friday amid heightened investor anxiety after reports that Russian forces had attacked a nuclear plant in Ukraine
 "Rupee hits 10-week low as Ukraine crisis grows; RBI in focus")
Need for effective communication strategy to manage expectations: RBI Guv
RBI Governor Shaktikanta Das underlined the need for an effective communication strategy at the central banks, stressing that "monetary policy is an art of managing expectations".
Ukraine war, oil prices may force RBI to re-think rate hike cycle: Analysts
The Budget and RBI's last policy took a conservative estimate of crude prices $75 per barrel. This is likely to be a challenge going forward, economists say
 "Ukraine war, oil prices may force RBI to re-think rate hike cycle: Analysts")
Urban cooperative banks get relief for investing in umbrella organisation
The banking regulator has exempted the UCBs from both the norms.
RBI launches household surveys to gather inputs for monetary policy
Reserve Bank on Thursday announced the launch of next round of households surveys to capture inflation expectations and consumer confidence
RBI credibility at risk, says lone dissenter on monetary policy panel
'The time to ditch the Covid stuff from the monetary policy has come,' says Jayanth Rama Varma.
RBI cancels licence of Sarjeraodada Naik Shirala Sahakari Bank, Sangli
With cancellation of the licence, Sarjeraodada Naik Shirala Sahakari Bank Ltd has ceased to carry on banking business with effect from the close of business hours on Wednesday
RBI imposes penalty on 3 co-op banks for lapses in regulatory compliance
The Reserve Bank of India has imposed a penalty on three cooperative banks, including Nagrik Sahakari Bank Maryadit, Raipur, Chhattisgarh, for deficiencies in regulatory compliances
