Page 26 - Latest Updates on Reserve Bank of India
RBI working group warns on digital lending by big tech players
The working group has recommended the formation of a nodal agency & SRO for digital lending apps
 "RBI working group warns on digital lending by big tech players")
Strengthening financial sector
Governance in the banking system needs to be improved
 "Strengthening financial sector")
Reliance Industries to bet big on 5-year bonds before RBI decision: Report
The purchases by Reliance blazed through trading rooms in Mumbai, helping the five-year sovereign bond outperform as banks and brokerages sought to fulfill the orders, say sources
 "Reliance Industries to bet big on 5-year bonds before RBI decision: Report")
RBI panel suggests separate law to prevent illegal digital lending via apps
Seeking to safeguard the interest of customers, a Reserve Bank working group has suggested enactment of a separate legislation to prevent illegal digital lending through apps.
 "RBI panel suggests separate law to prevent illegal digital lending via apps")
Bank credit grows at 7.14%, deposits at 11.42%, shows RBI data
Bank credit grew by 7.14 per cent to Rs 111.64 lakh crore and deposits increased by 11.42 per cent to Rs 160.49 lakh crore in the fortnight ended November 15, 2021, RBI data showed.
 "Bank credit grows at 7.14%, deposits at 11.42%, shows RBI data")
Pilot launch of RBI digital currency set for Q1 of FY23: Senior official
RBI is checking if intermediaries can be bypassed totally, and is also exploring the level of centralisation or decentralisation of the technology
 "Pilot launch of RBI digital currency set for Q1 of FY23: Senior official")
Banks' strategies, business models under RBI lens: Shaktikanta Das
Boards' role in challenging management proposal critical: Das
 "Banks' strategies, business models under RBI lens: Shaktikanta Das")
Unnecessary intervention
No tax benefit needed for retail bond investors
 "Unnecessary intervention")
Closely monitoring business models, strategies of banks: RBI Governor
The central bank is closely monitoring the business models and strategies of banks, Reserve Bank of India Governor Shaktikanta Das said on Tuesday.
 "Closely monitoring business models, strategies of banks: RBI Governor")
RBI Guv wants banks to be investment-ready as recovery gathers momentum
Shaktikanta Das on Tuesday asked banks to be investment-ready when the private Capex cycle picks up, as the pandemic-battered economy is on a strong recovery path
RBI withdraws over 100 redundant circulars after RRA 2.0 recommendations
RBI had set up Regulations Review Authority (RRA 2.0) in April for a period of one year from May 1, 2021
Economic recovery taking hold; private investment should resume: RBI Guv
For growth to be sustainable and reach its potential, private capital investment has to resume, the Reserve Bank Governor said on Tuesday
Why RBI retail direct is not an attractive investment option for common man
One of the main concerns of the RBI retail direct scheme is liquidity
 "Why RBI retail direct is not an attractive investment option for common man")
RBI unions to step up stir with mass casual leave on Nov 30 over wage deal
In its communication, the unions said they have "exhausted all avenues of peaceful solution", and unanimously decided to start their agitation process from Tuesday
RBI remains net purchaser of US dollar in September, says report
The Reserve Bank of India (RBI) remained net buyer of the US currency in September 2021, after it purchased USD 791 million on the net basis from the spot market, RBI data showed
 "RBI remains net purchaser of US dollar in September, says report")
India set to re-emerge as among fastest-growing economies, says RBI
RBI report is bullish on India prospects despite uncertain global conditions amid risk of faster policy normalisation by central banks leading to tighter financial conditions, stifled growth impulses
 "India set to re-emerge as among fastest-growing economies, says RBI")
India better positioned to face external shocks: RBI deputy governor Patra
India is better positioned to face external shocks emanating from increasing geopolitical tensions, the aftermath of the Covid and the inevitability of climate change, Michael Debabrata Patra said
 "India better positioned to face external shocks: RBI deputy governor Patra")
Will RBI's Retail Direct scheme spur retail investor interest in bonds?
The RBI has launched RBI-RD, allowing retail investors to directly invest in govt securities. Will this make the bond market exciting for retail investors? Analysts seem cautious
 "Will RBI's Retail Direct scheme spur retail investor interest in bonds?")
'Ads should not mislead youth': PM Modi chairs meeting on cryptocurrencies
The meeting was an outcome of a consultative process between the RBI, finance ministry, and the home ministry
 "'Ads should not mislead youth': PM Modi chairs meeting on cryptocurrencies")
RBI's 'Retail Direct Scheme' receives healthy response
The scheme was launched by Prime Minister Narendra Modi on Friday
