Page 20 - Latest Updates on Reserve Bank of India
Reserve Bank of India draft rules to help firms meet Sebi debt norms
The RBI draft for banks' investment norms, experts say, will help trigger that change and develop the corporate bond market
 "Reserve Bank of India draft rules to help firms meet Sebi debt norms")
Banks park Rs 4.3 trn in Rs 5-trn variable rate reverse repo auction
From this year, the central bank has moved to variable rate reverse repo auctions, instead of fixed rate auctions
 "Banks park Rs 4.3 trn in Rs 5-trn variable rate reverse repo auction")
RBI proposes adding corporate bonds in banks' HTM category
An investment in the HTM category doesn't require to be valued at the current market price
 "RBI proposes adding corporate bonds in banks' HTM category")
Cooperative forum set up by RBI board member weighs in for PMC depositors
Sahar Bharati requests finance minister's intervention for a better deal
 "Cooperative forum set up by RBI board member weighs in for PMC depositors")
Bank stocks broadly positive during Basel norms implementation: RBI paper
Banking stocks have broadly reacted positively to the strict capital norms under the Basel regulations put in place for domestic banks over an 18-year period, starting October 1998, RBI paper showed
 "Bank stocks broadly positive during Basel norms implementation: RBI paper")
Former RBI Governor Urjit Patel appointed Vice President of AIIB
Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB, according to sources in the bank on Sunday.
 "Former RBI Governor Urjit Patel appointed Vice President of AIIB")
RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director
The shareholders of the bank at its Annual General Meeting in August last year had approved Bagchi's re-appointment for five years effective February 1, 2022
 "RBI approves Anup Bagchi's re-appointment as ICICI Bank Executive Director")
BS Number Wise: Working in tandem on monetary policy
Central banks of the world are implementing coordinated rate reduction but such convergence is neither new nor permanent
 "BS Number Wise: Working in tandem on monetary policy")
RBI hikes threshold for deposits of non-financial small biz customers
This, the RBI said, has been done to better align guidelines with the Basel Committee on Banking Supervision standard
 "RBI hikes threshold for deposits of non-financial small biz customers")
Thanks, NITI Aayog, but I would rather stay neo than become a bank
The NITI Aayog has suggested a template for digital banks and stipulated a two-stage process: first a digital business bank licence, and then a digital universal bank licence
 "Thanks, NITI Aayog, but I would rather stay neo than become a bank")
RBI releases eligibility criteria for 'specified users' of CICs
The criteria sets out the requirements for the entities to become eligible as Specified User of CIC under the Credit Information Companies (Amendment) Regulations, 2021
RBI may not tinker with key rates in FY22 due to Omicron spread
May nudge market rates by managing liquidity
India digital loan apps blamed for mafia-like collection tactics, suicides
Panel set up by the RBI finds more than half of about 1,100 digital loan providers operate illegally.
 "India digital loan apps blamed for mafia-like collection tactics, suicides")
RBI caps upper limit of offline payment transaction at Rs 200
An offline payment means a transaction not requiring internet or telecommunication (telecom) connectivity to take effect
A year of caution
Liquidity tightening will affect financial assets
 "A year of caution")
Top Headlines: India prepares for Omicron; banks' asset quality to worsen
Business Standard brings you the top headlines at this hour.
 "Top Headlines: India prepares for Omicron; banks' asset quality to worsen")
Pvt cryptocurrencies pose immediate risks to customer protection: RBI
The aggregate market capitalisation of the top 100 cryptocurrencies has reached USD 2.8 trillion
 "Pvt cryptocurrencies pose immediate risks to customer protection: RBI")
NRIs, OCIs do not need RBI's prior nod to buy immovable property in India
The clarification has been issued by Reserve Bank of India (RBI) following queries received at its various offices with regard to acquisition of immovable properties by Overseas Citizens of India
IPO flows to strengthen rupee in 2022; tighter policy likely dampener
IPO bound foreign inflows as well as buoyant stock markets are likely to strengthen the Indian rupee in 2022.
 "IPO flows to strengthen rupee in 2022; tighter policy likely dampener")
India seen breaking ranks with peers on unwinding easy monetary policy
Policy makers will stick to their resolve of keeping their stance easy to achieve the growth goal for now, said economists, including Standard Chartered Plc's Anubhuti Sahay
 "India seen breaking ranks with peers on unwinding easy monetary policy")
