Page 32 - Latest Updates on Reserve Bank of India
RBI to conduct open market purchase, sale of G-secs on Thursday
The Reserve Bank on Monday said it will conduct an open market purchase of government securities aggregating to Rs 15,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on September 23.
 "RBI to conduct open market purchase, sale of G-secs on Thursday")
Bank licence door likely to stay shut for large industrial houses
RBI's final report, expected in 10 days, set to overrule working group's suggestions
 "Bank licence door likely to stay shut for large industrial houses")
Mastercard ban: RBL Bank restarts credit card issuances with rival Visa
Two months after getting hit by the regulatory ban on Mastercard, private sector lender RBL Bank on Wednesday restarted credit card issuances on rival Visa's payment network.
 "Mastercard ban: RBL Bank restarts credit card issuances with rival Visa")
Reserve Bank penalises Spice Money, Kuppam Co-op Town Bank
The Reserve Bank on Tuesday said it has imposed a penalty of Rs 2.44 lakh on Spice Money Limited for contravention of certain norms
 "Reserve Bank penalises Spice Money, Kuppam Co-op Town Bank")
RBI and Singapore central bank to link payment systems by July 2022
The RBI and MAS hope to complete the linkage by July 2022 "on a reciprocal basis without a need (for users) to get onboarded onto the other payment system".
 "RBI and Singapore central bank to link payment systems by July 2022")
India and Singapore to link their digital payment systems, says RBI
The linkage will be reciprocal and won't need users to get "onboarded" onto either payment system.
 "India and Singapore to link their digital payment systems, says RBI")
Inflation pullback boosts RBI's easy money policy before Oct policy meeting
Consumer prices rose 5.3% last month from a year earlier, the Statistics Ministry said in a statement on Monday
 "Inflation pullback boosts RBI's easy money policy before Oct policy meeting")
RBI allows six entities to test cross border payments technology
Six other entities complete test phase for retail payments
 "RBI allows six entities to test cross border payments technology")
Reserve Bank of India cautions against frauds in the name of KYC updation
The central bank has been receiving complaints about customers falling prey to frauds being perpetrated in the name of KYC updation.
 "Reserve Bank of India cautions against frauds in the name of KYC updation")
No sign of liquidity overhang, inflation should moderate ahead: RBI Guv
RBI has serious, major concerns about private cryptocurrencies from the point of view of financial stability
 "No sign of liquidity overhang, inflation should moderate ahead: RBI Guv")
RBI has serious and major concerns on cryptocurrencies: Governor Das
RBI Governor Shaktikanta Das on Thursday said the central bank continues to have "serious and major" concerns about the cryptocurrencies like Bitcoin and has conveyed them to the government.
 "RBI has serious and major concerns on cryptocurrencies: Governor Das")
UCO Bank zooms 16% on heavy volume after RBI lifts PCA curbs
UCO bank had requested the regulator to remove the PCA tag after it had successively posted profits for three quarters in FY21
 "UCO Bank zooms 16% on heavy volume after RBI lifts PCA curbs")
Politics vs governance
RBI's supervision of co-op banks gets a body blow
 "Politics vs governance")
RBI penalises 2 co-op banks for deficiencies in regulatory compliance
The Reserve Bank of India (RBI) on Wednesday said it has imposed penalties on two cooperative banks for deficiencies in certain regulatory compliance.
RBI enhances scope for card-tokenisation services to improve security
The Reserve Bank of India (RBI) on Tuesday enhanced the guidelines on card tokenisation services to improve the safety and security of the payment system.
 "RBI enhances scope for card-tokenisation services to improve security")
Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi
He expressed apprehension that there is a possibility of using this virtual asset for criminal activity in absence of regulation and there are numerous instances indicating that.
 "Crypto not currency; needs to be regulated as asset: ex-RBI DG Gandhi")
A surprise bond rally sweeps over India as global funds pile in
The quick turn in sentiment came after the benchmark 10-year yield rose to its highest since March, accentuated by a Reserve Bank of India policy review held on August 6
 "A surprise bond rally sweeps over India as global funds pile in")
Parliamentary panel to talk divesting RBI of debt management role
Experts say not a good idea when the country is recovering from the Covid crisis
 "Parliamentary panel to talk divesting RBI of debt management role")
HDFC Bank exec says RBI MPC disagreement is no reason to flee market
Investors shouldn't worry about surprise losses and can keep their positions for now
 "HDFC Bank exec says RBI MPC disagreement is no reason to flee market")
Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv
The account aggregator ecosystem in the country is in a nascent stage and there is a need for its orderly growth, Reserve Bank of India's deputy governor M Rajeshwar Rao said on Thursday.
 "Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv")
