Page 39 - Latest Updates on Reserve Bank of India
RBI proposes framework for acceptable bids at auctions to underwriters
RBI tries another way to tame bond yields as they have been rising in India on worries over inflation
 "RBI proposes framework for acceptable bids at auctions to underwriters")
Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders
MSME Minister Nitin Gadkari said the decision would make such traders eligible for finance under priority sectors classified by the Reserve Bank of India (RBI)
 "Centre includes retail and wholesale under MSMEs, to benefit 25 mn traders")
Reserve Bank of India imposes Rs 25 lakh penalty on Punjab & Sind Bank
The state-owned bank had reported a few cyber incidents to the RBI on May 16 and 20, 2020
 "Reserve Bank of India imposes Rs 25 lakh penalty on Punjab & Sind Bank")
RBI tweaks norms for interest on unclaimed amount after deposit matures
The new norms are applicable for deposits in all commercial banks, small finance banks, local area banks, and cooperative banks.
Reserve Bank of India changes methodology to ensure bond auction success
Adopts uniform price auction for bonds up to 14 years till further notice
 "Reserve Bank of India changes methodology to ensure bond auction success")
RBI warns against combination of high public debt, low interest rates
The Reserve Bank of India (RBI) has said that the combination would pose challenges.
 "RBI warns against combination of high public debt, low interest rates")
Reserve Bank of India: The real hero of the 1991 economic reforms
The three governments of that decade - the Congress, the United Front, and the National Democratic Alliance - went along because whatever the RBI did had no impact on votes
RBI red flags concerns around big tech in financial services sector
Concerns such as level playing field with banks and operational risks have intensified lately: RBI
Tech giants' growth in digital financial services poses stability risk: RBI
India has seen massive interest from deep pocketed global technology players in recent years as Amazon.com Inc., Alphabet, others.
 "Tech giants' growth in digital financial services poses stability risk: RBI")
MSME, retail loans pose higher slippage risk for lenders: RBI FSR
The second Covid wave has sharply affected credit demand, with a steep fall in inquiries across product categories in April 2021
 "MSME, retail loans pose higher slippage risk for lenders: RBI FSR")
Second Covid-19 wave sharply hit consumer credit demand: RBI FSR
The consumer credit deteriorated after the loan moratorium programme came to an end in September 2020
 "Second Covid-19 wave sharply hit consumer credit demand: RBI FSR")
Broad categories register 'medium' risks for financial system: RBI survey
Within the major categories, however, this time certain components were rated as 'high' risk
 "Broad categories register 'medium' risks for financial system: RBI survey")
View from the edge
The Union government is so fiscally ineffective that it can only spend an incremental 0.4 per cent of GDP on healthcare in a pandemic, against a global average of 1.2 per cent, writes Rathin Roy
Some stability returns
RBI report suggests banks weathering pandemic
 "Some stability returns")
Asset quality of banks remained stable during pandemic year: RBI FSR
With debt recast at only 0.9% of total loans, banks fare much better than RBI's doomsday projection on bad loans
 "Asset quality of banks remained stable during pandemic year: RBI FSR")
Second Covid wave has taken 'grievous toll' on India: RBI Governor in FSR
Shaktikanta Das says capital, liquidity buffers at financial institutions 'reasonably resilient' to withstand future shocks
 "Second Covid wave has taken 'grievous toll' on India: RBI Governor in FSR")
Indian crypto exchanges flounder as banks cut ties after RBI frown
Indian cryptocurrency exchanges are scrambling to secure viable, permanent payment solutions to ensure seamless transactions
 "Indian crypto exchanges flounder as banks cut ties after RBI frown")
RBI ban on new credit cards sale hit market share, says HDFC Bank
The bank promised to get back to the market "with a bang" once the "temporal" embargo is lifted
 "RBI ban on new credit cards sale hit market share, says HDFC Bank")
PMC Bank gets some cooperative support, but revival to take time
The takeover of this bankrupt urban cooperative bank by the Centrum-BharatPe combine marks the first instance of NBFCs, high-net worth individuals and fintechs being allowed entry in this space
 "PMC Bank gets some cooperative support, but revival to take time")
Averse bankers, willing RBI push companies towards the bond market
The corporate bond market is still dominated by financial companies, but non-financial companies have marked their presence in the past one year
 "Averse bankers, willing RBI push companies towards the bond market")
