Page 37 - Latest Updates on Reserve Bank of India
RBI Governor Shaktikanta Das says will bring financial inclusion index soon
Financial inclusion will continue to be the policy priority for the central bank, to make the post-pandemic recovery more inclusive and sustainable, Das said
 "RBI Governor Shaktikanta Das says will bring financial inclusion index soon")
Banks privatisation an exciting opportunity for investors: Former RBI DG
What is good for the country will have to be looked at while deciding on the entity, which will be granted a license, N S Vishwanathan said
 "Banks privatisation an exciting opportunity for investors: Former RBI DG")
An imperfect bonding
Retail participation in govt bonds needs reforms
 "An imperfect bonding")
Next purchase of G-secs worth Rs 20,000 cr under G-SAP 2.0 on July 22: RBI
RBI on Thursday said the next purchase of government securities for an aggregate amount of Rs 20,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) will be conducted on July 22
 "Next purchase of G-secs worth Rs 20,000 cr under G-SAP 2.0 on July 22: RBI")
Mastercard ban: These 7 lenders are going to be hit hard by RBI's decision
Among credit card issuers including co-branded partners, RBL Bank, YES Bank and Bajaj Finserv lending will be most impacted, says Nomura
 "Mastercard ban: These 7 lenders are going to be hit hard by RBI's decision")
External benchmark system improves monetary transmission: RBI Article
Private sector banks have exhibited increased pass-through to lending and deposit rates compared to public sector banks.
Uptick in inflation driven by supply shocks, should ease over the year: RBI
The tapering of the second wave, coupled with an aggressive vaccination push, has brightened near-term prospects for the Indian economy, the central bank said in its monthly bulletin for July
 "Uptick in inflation driven by supply shocks, should ease over the year: RBI")
Rupee's wild ride may end as foreign inflows surge: Credit Agricole CIB
Higher foreign inflows and the prospect of the RBI moving to control inflation may help control the rupee's volatility
 "Rupee's wild ride may end as foreign inflows surge: Credit Agricole CIB")
RBI governor warns of downsides to direct financing of govt fiscal deficit
Direct financing or monetisation of the government's fiscal deficit by the central bank has several downsides, Reserve Bank of India Governor Shaktikanta Das said
RBI proposes tweaks to capital-raising guidelines for urban co-op banks
The UCBs, it said, could raise share capital by issue of equity to persons within their area of operation enrolled as members and also through additional equity shares to the existing members.
 "RBI proposes tweaks to capital-raising guidelines for urban co-op banks")
Ujjivan, Equitas promoter holdings to fall to zero post mergers with SFBs
Predictably, share prices of Ujjivan Financial Services, and Equitas Holdings jumped 20 per cent each after the two entities received the nod to reverse merge with their small finance bank entities
 "Ujjivan, Equitas promoter holdings to fall to zero post mergers with SFBs")
Top headlines: RBI setback to Mastercard; Infosys Q1 net profit rises 23%
Here are the top stories of the day
 "Top headlines: RBI setback to Mastercard; Infosys Q1 net profit rises 23%")
RBI restricts Mastercard from onboarding new domestic customers
The company has been found to be non-compliant with the directions on Storage of Payment System Data. However, these curbs will not impact existing customers
India sets up bad bank to reduce debt burden, free up lenders
National Asset Reconstruction Company Ltd's paid-up capital is Rs 74.6 crore
 "India sets up bad bank to reduce debt burden, free up lenders")
Liquidity in the banking system rises as govt steps up spending
Net daily liquidity absorbed from banks on July 9 was Rs 4.6 trillion, data released on Monday showed
 "Liquidity in the banking system rises as govt steps up spending")
Interest rates and asset prices
Low interest rates in a downturn tend to push up asset prices (and high interest rates in a boom can lower asset prices).
Only nine large firms' debt of Rs 59,000 crore recast by banks so far
Kamath panel approved all the nine proposals of banks
 "Only nine large firms' debt of Rs 59,000 crore recast by banks so far")
Given nod to set up small finance bank to take over PMC Bank: RBI to HC
A senior advocate representing the RBI said this will ease the trouble faced by the bank's customers who are unable to withdraw their money
 "Given nod to set up small finance bank to take over PMC Bank: RBI to HC")
RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%
The Reserve Bank of India has allowed small finance banks (SFBs) and respective holding companies to apply for the Amalgamation scheme
 "RBI allows SFBs to merge with holding cos; Ujjivan, Equitas Holdings up 20%")
Rupee slides toward year's low against dollar as trade deficit widens
The Reserve Bank of India also has $600 billion of currency reserves to draw on to curb any sharp fall in the rupee
 "Rupee slides toward year's low against dollar as trade deficit widens")
