Page 15 - Latest Updates on Reserve Bank of India
Reserve Bank of India to take stock of banks' exposure to Russia, Ukraine
The move is intended to harm Russian president Vladimir Putin's ability to finance the war
 "Reserve Bank of India to take stock of banks' exposure to Russia, Ukraine")
Sales of manufacturing companies grow 27.3% in December quarter: RBI data
Maintaining their growth momentum, information technology companies recorded 20.7 per cent increase (y-o-y) in sales during the third quarter of 2021-22
 "Sales of manufacturing companies grow 27.3% in December quarter: RBI data")
Financial markets trying to discount changing news flow: Rabobank Intl
The accommodative RBI policy, combined with fiscal stimulus and (further) increase in energy commodities, particularly oil, increases the odds of high inflation, say Lambregts and Eijkelenburg
 "Financial markets trying to discount changing news flow: Rabobank Intl")
RBI proposes to assess impact of its financial literacy campaigns
The Reserve Bank of India is proposing to assess the impact of the multi-media awareness campaigns launched by it to promote financial literacy and also safe banking practices.
 "RBI proposes to assess impact of its financial literacy campaigns")
We shouldn't restrict our ability to respond: External member of RBI's MPC
The Ukraine situation is a shock both to growth and to inflation, and it is too early to say which of these two shocks will be bigger, says Jayanth R Varma
 "We shouldn't restrict our ability to respond: External member of RBI's MPC")
Govt appoints Aggarwal as RBI nominee director in Indian Overseas Bank
With this, Deepak Kumar, nominated by the government as the RBI nominee director, ceases to be a director on the board with effect from Friday, the lender added
 "Govt appoints Aggarwal as RBI nominee director in Indian Overseas Bank")
Gold bond issue price fixed at Rs 5,109/gm; subscription opens Monday
The Sovereign Gold Bond Scheme 2021-22 - Series X will be open for subscription for the period from February 28 to March 4
 "Gold bond issue price fixed at Rs 5,109/gm; subscription opens Monday")
RBI extends tenure of its additional director on board of Dhanlaxmi Bank
The Reserve Bank has extended the tenure of its additional director G Jagan Mohan on the board of Dhanlaxmi Bank by two years, as per a regulatory filing
 "RBI extends tenure of its additional director on board of Dhanlaxmi Bank")
Forex reserves jump by $2.76 bn to $632.95 bn: RBI data
In the previous reporting week, the overall reserves had declined by USD 1.763 billion to USD 630.19 billion
 "Forex reserves jump by $2.76 bn to $632.95 bn: RBI data")
Oil shock: Economy will suffer, but less reason to worry than in the past
The fear now is that consumers will take longer to come out of their shell, growth will moderate and full recovery from the effects of the pandemic will be stretched out even longer, writes T N Ninan
RBI's MPC to continue to support growth as inflation seen easing: Minutes
"Inflation pressures in India continue to emanate largely from supply side factors, and the recent print also reflects adverse base effects," Shaktikanta Das said
Indian economy poised for recovery, but high crude prices worrisome: CEA
The banking sector in the country is stable, capital is available and credit offtake is poised to take off, said CEA V Anantha Nageswaran at a webinar organised by Bharat Chamber of Commerce
 "Indian economy poised for recovery, but high crude prices worrisome: CEA")
RBI cancels PC Financial Service's certificate of registration
The company violated the central bank's directions on outsourcing and KYC norms and was also found to be charging very high interest rates and other charges from its borrowers
Commodities will be biggest gainers of Russia-Ukraine crisis: B Gopkumar
As long as the Russia-Ukraine heat continues, commodities will be the dominating theme versus the consumption theme said B Gopkumar, MD and CEO at Axis Securities.
 "Commodities will be biggest gainers of Russia-Ukraine crisis: B Gopkumar")
Foreign exchange hedging cost rises after RBI dollar-rupee swap plan
One-year dollar-rupee forward premia closes at 4.19%
 "Foreign exchange hedging cost rises after RBI dollar-rupee swap plan")
Inflation may have peaked in January: RBI deputy governor Michael Patra
The six-member monetary policy committee of the RBI - that sets interest rate - has a target to maintain CPI inflation at 4 per cent
 "Inflation may have peaked in January: RBI deputy governor Michael Patra")
Advertisers must put disclaimers for highly risky cryptos from Apr 1: ASCI
The guidelines say advertisers will have to carry the disclaimer - "crypto products and NFTs are unregulated and can be highly risky
 "Advertisers must put disclaimers for highly risky cryptos from Apr 1: ASCI")
Best of BS Opinion: Alternative growth path, onerous disclosures & more
Here are the best of BS Opinion pieces of the day
 "Best of BS Opinion: Alternative growth path, onerous disclosures & more")
Maintain constant vigil on financial sector: FM Sitharaman to regulators
The Financial Stability and Development Council (FSDC) meeting attended by various financial sector regulators comes against the backdrop of rising tension between Russia and the US over Ukraine
 "Maintain constant vigil on financial sector: FM Sitharaman to regulators")
sRide car-pooling app offers services without required approval: RBI
RBI cautioned the public against sRide car-pooling app saying the tech firm offers semi-closed (non-closed) pre-paid instrument (wallet) services without authorisation from the central bank.
 "sRide car-pooling app offers services without required approval: RBI")
