Page 35 - Latest Updates on Reserve Bank of India
Recast loans worth Rs 70,000 crore get extra time to meet norms
Bankers said this move comes as a support to stressed firms from sectors like tourism, real estate, hospitality and others hit badly by second wave
 "Recast loans worth Rs 70,000 crore get extra time to meet norms")
The first soft signal of return to normalcy from Monetary Policy Committee?
The Reserve Bank of India (RBI) sounds relatively more confident on growth now and, at the same time, its concerns on inflation are clearly higher
RBI policy action has to be nuanced; cannot be unidirectional: RBI Guv
The Monetary Policy Committee (MPC) left the repo rate unchanged at 4 per cent while continued with the accommodative stance to revive and sustain growth on a durable basis.
 "RBI policy action has to be nuanced; cannot be unidirectional: RBI Guv")
RBI Guv Das praises govt on retro tax move, post-pandemic fiscal response
Reserve Bank Governor Shaktikanta Das on Friday welcomed the government's decision to end retrospective taxation and termed it as a "timely" move.
 "RBI Guv Das praises govt on retro tax move, post-pandemic fiscal response")
RBI monetary policy is a stepping stone towards policy normalisation
Growth commentary is more positive than last policy with rural demand expected to be resilient, exports expected to continue to do well and pick-up in the long awaited capex cycle
 "RBI monetary policy is a stepping stone towards policy normalisation")
RBI hints at normalising ultra-loose policy, bond yields jump to 6.24%
This was the seventh consecutive occasion when the central bank maintained a status quo on policy rates
 "RBI hints at normalising ultra-loose policy, bond yields jump to 6.24%")
RBI retains real GDP growth projection at 9.5% for 2021-22 as Covid-19 ebbs
The RBI on Friday retained the real GDP growth projection at 9.5 per cent for 2021-22 as domestic economic activity has started normalising with the ebbing of the second wave of the virus
 "RBI retains real GDP growth projection at 9.5% for 2021-22 as Covid-19 ebbs")
RBI keeps rates unchanged amid policy dissent on lower-for-longer stance
Policy makers voted 5-1 in favor of keeping the stance accommodative, a departure from the past when they were unanimous on the need to support growth amid the pandemic.
Reserve Bank of India raises retail inflation projection for FY22 to 5.7%
The RBI on Friday raised the retail inflation projection for the current fiscal to 5.7 per cent on account of supply side impediments, firm crude oil prices and higher cost of raw materials.
Top headlines: India buries retrospective tax, RBI to spell out policy
Business Standard brings you the top headlines on Friday
 "Top headlines: India buries retrospective tax, RBI to spell out policy")
Avoid arbitrary regulation
RBI's micro-management of corporate lending must end
 "Avoid arbitrary regulation")
RBI's MPC is likely to keep interest rates unchanged despite inflation
Six-member Monetary Policy Committee is meeting amid weak indicators raising doubts about the economy's ability to sustain a nascent recovery
RBI extends deadline for shifting of current accounts till Oct 31
Banks in the interim had frozen thousands of accounts on the credit side
 "RBI extends deadline for shifting of current accounts till Oct 31")
RBI cautions public against online buying and selling of old coins, notes
The RBI said the central bank does not deal in such matters, and "never seeks charges/ commissions of any sort"
RBI issues norms for outsourcing payment, settlement activity by PSOs
Bars PSOs from outsourcing core management functions, including risk management and internal audit; compliance and decision-making functions such as determining compliance with KYC norms
 "RBI issues norms for outsourcing payment, settlement activity by PSOs")
India PMI manufacturing up at three-month high in July as lockdowns ease
Jumps to 3-month high after June contraction; marginal rise in jobs
 "India PMI manufacturing up at three-month high in July as lockdowns ease")
Bengaluru police, RBI and banks join hands to check bank frauds
A complaint lodged with the police will immediately be alerted to banks and payment gateways who can stop the transaction mid-way
 "Bengaluru police, RBI and banks join hands to check bank frauds")
RBI imposes Rs 50.35 lakh penalty on Janalaxmi Co-operative Bank
Reserve Bank of India on Monday said it has imposed a penalty of Rs 50.35 lakh on Janalaxmi Co-operative Bank, Nashik for non-compliance with certain regulatory requirements.
Inflation angst spreads to India bonds as Reserve Bank downplays risk
RBI is widely expected to leave its key rates unchanged on Friday and continue with its easy monetary stance
 "Inflation angst spreads to India bonds as Reserve Bank downplays risk")
Small business suffer as banks shut current accounts after RBI circular
State-owned lenders welcome 'need for discipline' but their private competitors say business is suffering
