Page 22 - Latest Updates on Reserve Bank of India
Electoral bonds: CIC dismisses appeal seeking disclosure of reports by SBI
Central Information Commission dismissed an appeal seeking disclosure of reports submitted by State Bank of India to the Centre and Reserve Bank of India
 "Electoral bonds: CIC dismisses appeal seeking disclosure of reports by SBI")
Plea in HC to direct RBI to make policy on Rs 50 coin for visually impaired
A plea has been filed in the Delhi HC seeking direction to the Centre and RBI to formulate a policy to issue Rs 50 coins to the visually impaired.
 "Plea in HC to direct RBI to make policy on Rs 50 coin for visually impaired")
Top Headlines: RBI flags crypto risks; India could witness Omicron surge
The RBI talked about instability cryptocurrencies could cause, while NITI Aayog member VK Paul warned of Europe-like Omicron cases surge in India
 "Top Headlines: RBI flags crypto risks; India could witness Omicron surge")
Best of BS Opinion: India's Ramses, a perfect partnership, and more
Here are the best of BS Opinions of the day
 "Best of BS Opinion: India's Ramses, a perfect partnership, and more")
RBI Board discusses private cryptocurrencies, CBDC
The RBI, in a statement, said the 592nd meeting of the Central Board of Directors of Reserve Bank of India was held at Lucknow under the Chairmanship of Governor Shaktikanta Das
 "RBI Board discusses private cryptocurrencies, CBDC")
RBI refuses to relax asset classification, provisioning norms for NBFCs
This will give rise to bad debt numbers of such para banks on technical grounds while making asset quality norms standardised across banks and NBFCs
 "RBI refuses to relax asset classification, provisioning norms for NBFCs")
RBI lower currency limit for pilgrims visiting Kartarpur Gurudwara
The Reserve Bank of India (RBI) on Wednesday permitted Indians as well as Overseas Citizens of India (OCI) cardholders going on pilgrimage to Gurdwara Darbar Sahib in Kartarpur, Pakistan
 "RBI lower currency limit for pilgrims visiting Kartarpur Gurudwara")
Capital norms for operational risks of banks to be revised: RBI
The revised directions will apply to all commercial banks in India
 "Capital norms for operational risks of banks to be revised: RBI")
More clarity on shadow banking
New regulations for stressed NBFCs harmonise with those for banks
 "More clarity on shadow banking")
Jury still out on giving bank licences to industrial houses: RBI official
Given that banking is a highly leveraged business dealing with public money, it makes sense to keep industry/business and banking separate, says RBI deputy governor M Rajeshwar Rao
 "Jury still out on giving bank licences to industrial houses: RBI official")
Indian economy recovering well, but Omicron poses a risk: RBI bulletin
RBI's recent surveys show for the year ahead, consumers are buoyed by sentiments on income and employment
 "Indian economy recovering well, but Omicron poses a risk: RBI bulletin")
RBI's PCA framework to discipline NBFC sector in long run, say analysts
Three different risk thresholds, three different yardsticks to measure PCA risk thresholds. The curns against the NBFC get progressively tightened as they breach higher threshold levels
Analysts bullish on NBFCs despite RBI's PCA framework
The PCA being extended to NBFCs may prove to be a good decision for the long-term as it will encourage good practises and is also expected to improve governance
 "Analysts bullish on NBFCs despite RBI's PCA framework")
Top headlines: Cryptos 'may figure' on RBI agenda, US Covid deaths top 800k
The US death toll from Covid-19 topped 800,000 on Tuesday, as more than 200,000 of those lives were lost after the vaccine became available. More on top headlines for this morning
Cryptos 'may figure' on RBI central board meet agenda on December 17
It is not unusual for the RBI board to deliberate on matters not listed on the agenda
 "Cryptos 'may figure' on RBI central board meet agenda on December 17")
RBI issues prompt corrective action framework for NBFCs
The PCA framework for NBFCs shall come into effect from October 1, 2022, based on the financial position of NBFCs on or after March 31, 2022
Best of BS Opinion: Real estate sector, employment in India, and more
Here are the best of Business Standard's opinion pieces on Tuesday
 "Best of BS Opinion: Real estate sector, employment in India, and more")
Low interest rate: Incentive and subsidy
Some of the benefit due to a low interest rate policy is not an incentive; it is a subsidy
Worldline partners with major card networks to launch tokenisation solution
Worldline said that it has developed a fully interoperable plug-and-play solution to enable card on file tokenisation using single integration
 "Worldline partners with major card networks to launch tokenisation solution")
Fintech leading India's banking revolution but it's hampered by old rules
The country's licensing policy for financial institutions is past its sell-by date. Innovative solutions are out there but require regulation.
 "Fintech leading India's banking revolution but it's hampered by old rules")
