Page 29 - Latest Updates on Reserve Bank of India
Banks process nearly 2 mn e-mandates for auto-payment after RBI order
Industry estimates recurring transactions at 2.5% of total volume, and 1.5% in terms of value. Of these, 75% domestic transactions, and 85% international are below Rs 5,000
 "Banks process nearly 2 mn e-mandates for auto-payment after RBI order")
Latest tranche of SGBs offers good entry price to long-term investors
Avoid them if you might require liquidity in the near term as you may have to sell them at a discount on the exchanges
 "Latest tranche of SGBs offers good entry price to long-term investors")
Related-party deals on the rise, auditors must be alert: RBI governor Das
RBI governor's statement follows two-year ban on Haribhakti & Co from conducting audits
 "Related-party deals on the rise, auditors must be alert: RBI governor Das")
India's foreign exchange reserves up by $1.492 billion to $641 billion
FCAs rose by $950 million to $577.951 billion, as per weekly data by the Reserve Bank of India
 "India's foreign exchange reserves up by $1.492 billion to $641 billion")
MPC: RBI remains laser-focused to bring back inflation to 4%, says Governor
The central bank has been mandated by the government to ensure the Consumer Price Index (CPI) based inflation is at 4 per cent, with a band of 2 per cent on either side
 "MPC: RBI remains laser-focused to bring back inflation to 4%, says Governor")
Scale-based regulatory framework for NBFCs optimal approach: RBI Deputy Guv
"Developments around harsh recovery practices, breach of data privacy of digital lenders has dented the credibility of the whole system," Rao said
 "Scale-based regulatory framework for NBFCs optimal approach: RBI Deputy Guv")
RBI penalises Paytm Payment Bank and Western Union Financial Services
RBI imposed a monetary penalty of Rs 1 crore on Paytm Payments Bank
 "RBI penalises Paytm Payment Bank and Western Union Financial Services")
RBI unions ask Guv Shaktikanta Das to break deadlock in wage talks
The governor's office has assured the unions of an early resolution
 "RBI unions ask Guv Shaktikanta Das to break deadlock in wage talks")
Sensex snaps 7-day winning run, ends 50 pts down; IRCTC tanks 9%, ITC 6%
The market breadth also favoured sellers amid profit-booking in the broader markets. The BSE MidCap and SmallCap indices ended nearly 2 per cent down each
 "Sensex snaps 7-day winning run, ends 50 pts down; IRCTC tanks 9%, ITC 6%")
RBI imposes Rs 1 crore penalty on State Bank of India
'This action is based on the deficiencies in regulatory compliance,' says RBI
 "RBI imposes Rs 1 crore penalty on State Bank of India")
RBI penalises Standard Chartered Rs 1.95 cr for gaps in customer protection
Regulator found that bank did not credit amounts involved in unauthorised electronic transactions (shadow reversal) and did not report cyber security cases within prescribed time
 "RBI penalises Standard Chartered Rs 1.95 cr for gaps in customer protection")
Auditor resignations continue to trickle in with 15 exits since April
On average, one auditor of a listed company has prematurely resigned every two weeks this financial year; pace seems to have picked up in September with 5 departures
 "Auditor resignations continue to trickle in with 15 exits since April")
Don't ban their Bitcoin: India's millennials pull crypto out of the shadows
Industry gains confidence that policy makers have been persuaded of benefits to the economy from blockchain-based innovation.
 "Don't ban their Bitcoin: India's millennials pull crypto out of the shadows")
Liberalising capital account
Further opening up would increase risks
 "Liberalising capital account")
Top headlines: RBI on capex, US to lift curbs on vaccinated travellers
Business Standard brings you the top headlines at this hour
 "Top headlines: RBI on capex, US to lift curbs on vaccinated travellers")
States must step up capex, says RBI governor Shaktikanta Das
Quality spending can have multiplier effect, says Das
 "States must step up capex, says RBI governor Shaktikanta Das")
India on course for open access in its markets: RBI deputy governor
RBI deputy governor T Rabi Sankar said there was an effort to liberalize foreign portfolio investor flows into Indian debt further with the introduction of the Fully Accessible Route
 "India on course for open access in its markets: RBI deputy governor")
Retail price inflation falls to 5-month low of 4.35% in Sept on food prices
Noticeable slide was orchestrated by a fall in prices of vegetables
 "Retail price inflation falls to 5-month low of 4.35% in Sept on food prices")
RBI bars Srei Infrastructure auditor Haribhakti & Co for two years
The audit firm, which is also a regular auditor of important banks, including state-owned banks, has been debarred under section 45MAA of the Reserve Bank of India Act
 "RBI bars Srei Infrastructure auditor Haribhakti & Co for two years")
Federal Reserve to RBI: Central bankers spooked by lingering inflation
Central bankers in a bind: targeting inflation with tighter monetary policy adds to the pressure on economies, but trying to boost demand may ignite prices further.
 "Federal Reserve to RBI: Central bankers spooked by lingering inflation")
