Page 30 - Latest Updates on Reserve Bank of India
Top headlines: Tatas back in the Air India cockpit, TCS PAT rises 14% in Q2
Along with the brand and the slots of the debt-ridden state-owned airline, the Tatas will get the low-cost subsidiary Air India Express and a 50 per cent stake in ground handling firm AISATS.
 "Top headlines: Tatas back in the Air India cockpit, TCS PAT rises 14% in Q2")
RBI to introduce ombudsman scheme for NBFCs to bolster complaint redressal
RBI said the IOS for NBFCs will be on the lines of IOS for banks and non-bank payment system participants
 "RBI to introduce ombudsman scheme for NBFCs to bolster complaint redressal")
RBI to bring in framework for retail digital payments in offline mode
The central bank has enhanced the transaction limit under IMPS from Rs 2 lakh to Rs 5 lakh
 "RBI to bring in framework for retail digital payments in offline mode")
RBI begins policy normalisation; maintains status quo on rates
Retains accommodative stance, FY22 growth forecast; lowers inflation projection
 "RBI begins policy normalisation; maintains status quo on rates")
'Don't want to rock the boat': What MPC said after keeping rates unchanged
At the moment, G-SAP is not required but going forward, the G-SAP option, together with options of 'operation twist', and 'open market operations' are very much on the table.
 "'Don't want to rock the boat': What MPC said after keeping rates unchanged")
IMPS limit to be increased from Rs 2 lakh to Rs 5 lakh: RBI Governor
In addition, the Reserve Bank also proposed to introduce a framework for retail digital payments in offline mode across the country
 "IMPS limit to be increased from Rs 2 lakh to Rs 5 lakh: RBI Governor")
RBI to manage liquidity in non-disruptive manner: RBI Governor
As part of the liquidity management, Das said the need for undertaking further G-Sec Acquisition Programme (G-SAP) operations at this juncture does not arise
Shaktikanta Das continues to sound dovish, but hints at normalisation
The governor also said that the liquidity surplus in the banking system has increased in Sep, with the potential liquidity overhang amounting to more than Rs 13 trn
 "Shaktikanta Das continues to sound dovish, but hints at normalisation")
RBI keeps rates on hold to support recovery, 'sail towards normal times'
Repo rate and the reverse repo rate remain unchanged at 4% and 3.35%
Srei's great leap back underlines high-risk nature of NBFC business
In the past three decades, the Kanorias have weathered many a crisis, including the NBFC crisis of the 1990s and the global financial crisis in 2008-09
 "Srei's great leap back underlines high-risk nature of NBFC business")
Top headlines: Zee boss 'will fight' takeover bid; govt stocks up coal
Subhash Chandra alleges Invesco is gunning for illegal takeover of his media company.
A policy hold and a hawkish commentary
Fiscal interventions are needed to boost demand and induce durable growth
 "A policy hold and a hawkish commentary")
RBI MPC meets as energy crisis raises concerns about economic recovery
A lack of coal means factories could shut, while forcing India to import more fossil fuels.
 "RBI MPC meets as energy crisis raises concerns about economic recovery")
Rupee slides, bond yields rise as crude prices hit seven-year high
The rupee was at 74.53 a dollar at 11.40am, down from its previous close of 74.31, as the dollar index crossed 94: its highest level since November 2020
 "Rupee slides, bond yields rise as crude prices hit seven-year high")
RBI supersedes boards of 2 Srei companies; insolvency process to begin soon
Ex-BoB official named administrator of the companies
 "RBI supersedes boards of 2 Srei companies; insolvency process to begin soon")
Reserve Bank of India grants licence to NARCL under Sarfaesi Act
The NARCL has been incorporated under the Companies Act, and public sector banks will hold 51 per cent in the bad bank
 "Reserve Bank of India grants licence to NARCL under Sarfaesi Act")
Recurring pain
RBI must re-examine its auto-debit restrictions
 "Recurring pain")
RBI names advisory committee to assist administrator of 2 Srei group firms
Srei group, which mainly caters to the MSME and infrastructure sectors, owes around Rs 18,000 crore to around 15 lenders
 "RBI names advisory committee to assist administrator of 2 Srei group firms")
Top headlines: RBI supersedes SREI; Invesco seeks mandatory order from NCLT
Business Standard brings the top headlines of the day
MPC may opt for cut in liquidity, no rate hike: BS monetary policy poll
The RBI accepts overnight excess liquidity from banks at 3.35 per cent, its reverse repo rate
 "MPC may opt for cut in liquidity, no rate hike: BS monetary policy poll")
