Page 19 - Latest Updates on Reserve Bank of India
RBI postpones MPC meet to Feb 8 as Maharashtra declares public holiday
RBI announced rescheduling of rate-setting Monetary Policy Committee (MPC) meeting by a day in view of Maharashtra declaring public holiday on February 7
 "RBI postpones MPC meet to Feb 8 as Maharashtra declares public holiday")
RBI monetary policy: Evolving trade-offs warrant deep analysis
Before the Union Budget projections for FY23, we had pencilled in a formal start of monetary policy normalisation in the forthcoming February review, with a small rise in the reverse repo rate
 "RBI monetary policy: Evolving trade-offs warrant deep analysis")
India's forex reserves down by $4.531 billion to $629.755 billion
The country's foreign exchange reserves declined by $4.531 billion to stand at $629.755 billion in the week ended January 28, RBI data showed
 "India's forex reserves down by $4.531 billion to $629.755 billion")
RBI's MPC likely to leave policy rates unchanged till April: Report
The key repo rate has been at 4 per cent since May 2020, an all-time low, even though bond yields have been heading north for many months now
 "RBI's MPC likely to leave policy rates unchanged till April: Report")
RBI's Digital Rupee will help curb black money menace: Official
'If you buy something from a shopkeeper and pay through digital money and that digital money is used to pay to his vender by shopkeeper, RBI will have all the data,' a finance ministry official said
 "RBI's Digital Rupee will help curb black money menace: Official")
Reserve Bank of India likely to tweak norms to reduce MFI risk
RBI may tweak the qualifying assets threshold for microfinance institutions (MFIs) to 75 per cent of their net assets, compared with the current level of 85 per cent of net assets
Banks need prior approval for foreign currency deposit schemes
The Reserve Bank of India (RBI) has mandated banks to seek prior approval before offering any foreign currency deposit scheme to custom-ers under the liberalised remittance route
RBI may hike reverse repo rate by 0.25% in next week's policy: Report
'Growth concerns amid spread of the Omicron variant and relatively benign inflation out-turns provide the RBI with enough room to maintain its growth-supportive monetary policies,' analysts said
Cryptocurrency tax: Budget proposal spurs talk of legality, 'grey area'
Union Budget proposes taxing income from the transfer of virtual assets at 30%; FM says central bank will issues its own digital currency.
 "Cryptocurrency tax: Budget proposal spurs talk of legality, 'grey area'")
India will again be among world's fastest-growing economies: Patra
RBI deputy governor says private consumption and investment remains a work in progress
 "India will again be among world's fastest-growing economies: Patra")
RBI 'behind the curve' criticism: Patra says approach has served us well
Addressing criticism of the RBI being "behind the curve", Michael Patra said that so far, "the approach has served us well".
 "RBI 'behind the curve' criticism: Patra says approach has served us well")
RBI asks people to follow safe digital banking practices amid rising frauds
The RBI observed that unscrupulous elements are defrauding people by using innovative modus operandi
Banks' loans rose 8% YoY in two weeks to January 14: RBI data
Banks' loans rose 8% in the two weeks to Jan. 14 from a year earlier, while deposits rose 9.3%, the Reserve Bank of India's weekly statistical supplement showed on Friday.
 "Banks' loans rose 8% YoY in two weeks to January 14: RBI data")
RBI 'behind the curve' critique: Dy Guv says 'approach has served us well'
Deputy Governor Michael Patra on Friday said "the approach has served us well".
Reserve Bank of India conducts variable repo rate auction of Rs 75,000 cr
The central bank offered Rs 75,000 crore of liquidity to the banking system against which banks bid for up to Rs 1.38 trillion
Reserve Bank of India imposes penalties on 8 cooperative banks
The RBI said penalties have been imposed for deficiencies in regulatory compliances
Reserve Bank of India juggles liquidity ops under revised framework
Conducts special variable rate repo operation to ease tight liquidity situation
 "Reserve Bank of India juggles liquidity ops under revised framework")
BS Number Wise: India's labour, capital paradox
Productivity in agriculture and eight other sectors is increasing but employment is falling and there is no significant capital investment
 "BS Number Wise: India's labour, capital paradox")
Reserve Bank of India buys, sells equal amount of US dollar in November
In November 2020, the RBI had net bought USD 10.26 billion from the spot market
India's overall economic activity remains strong, says RBI article
Market estimates predict that the value of digital payments could jump three-fold from $300 billion in 2020-21 to $1 trillion by 2025-26
 "India's overall economic activity remains strong, says RBI article")
