Page 40 - Latest Updates on Reserve Bank of India
A question of compliance
Data limitations should not be an escape clause for not honouring obligations under the inflation targeting regime
 "A question of compliance")
Co-operative banks can't outsource core management functions: RBI
The RBI said the lenders can hire experts, including former employees, on a contractual basis subject to certain conditions
 "Co-operative banks can't outsource core management functions: RBI")
Beginners may opt for 50:30:20 strategy for simplifying budgeting
Evolved users should opt for the traditional approach of tracking expenses and eliminating frivolous ones
 "Beginners may opt for 50:30:20 strategy for simplifying budgeting")
1991 ushered in many relationship changes; govt-RBI one was the foremost
From 1991 onwards, the RBI became a full, if slightly junior, partner of the finance ministry, instead of being a 'mere subordinate department of the financial ministry'
Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront
Jagdishan took over from his larger-than-life mentor Aditya Puri
 "Meet HDFC Bank's Sashidhar Jagdishan, a CEO courageous enough to be upfront")
RBI sets rules for appointment of MDs, WTDs of urban cooperative banks
The minimum age of a person should not be less than 35 years and not more than 70 years any time during the tenure
 "RBI sets rules for appointment of MDs, WTDs of urban cooperative banks")
Top headlines: RBI extends restrictions on PMC, Franklin moves SAT, & more
Business Standard brings you the top news of the evening
 "Top headlines: RBI extends restrictions on PMC, Franklin moves SAT, & more")
RBI extends restrictions on beleaguered PMC Bank till December 31
RBI has, on June 18, granted 'in-principle' approval to Centrum Financial Services Ltd (CFSL) to take over PMC Bank via small finance bank (SFB) route
 "RBI extends restrictions on beleaguered PMC Bank till December 31")
RBI tightens dividend payout norms for NBFCs, links them to bad debt
NBFCs can give dividend only if accounts are clean, NPAs not hidden, and are below 6 per cent for the last three years
Securities market: On the cusp of change
Para 68 of the Budget announcement of 2021, exactly 30 years after 1991, could be the beginning of the next round of financial sector reforms
 "Securities market: On the cusp of change")
Household balance sheet
Lower consumption at the bottom of the pyramid will affect growth
 "Household balance sheet")
RBI prescribes guidelines for distribution of dividends by NBFCs
The guidelines shall be effective for declaration of dividend from the profits of the financial year ending March 31, 2022 and onwards
 "RBI prescribes guidelines for distribution of dividends by NBFCs")
The limits of central banking 'toolkit'
The change in the Fed's forecast and a possible shift in policy is perhaps a good time to review how central banks - including the RBI - responded to the crisis, and debate future possibilities
Only savvy investors should enter into floating-rate funds: Analysts
Select a debt fund whose average duration is lower than the investment horizon
Save jobs or protect savers? A new monetary policy dilemma amid Covid-19
The model suggests that interest rates can be kept low for the greater good.
RBI likely to go against convention on raising funds through bonds
This gives credence to the theory that the central bank may not want to issue a fresh set of 10-year paper in a hurry and would rather continue with the existing security
Caution on inflation
RBI's primary mandate should remain inflation targeting
 "Caution on inflation")
Housing prices rise in March quarter, shows RBI data based on transactions
All India Housing Price Index (HPI) increased 2.7 per cent year-on-year in March quarter 2020-21, as per a data released by RBI on Monday.
 "Housing prices rise in March quarter, shows RBI data based on transactions")
Industry must make pricing of financial products transparent: RBI Dy Guv
RBI Deputy Governor T Rabi Sankar on Monday urged the industry to make the pricing of financial products and services transparent to minimise chances of mis-selling
 "Industry must make pricing of financial products transparent: RBI Dy Guv")
Reliance Home Finance takes up resolution plan approved by lenders
RHF on Monday took note of a resolution plan approved by lenders under the Reserve Bank of India's (RBI's) prudential framework for resolution of stressed assets
 "Reliance Home Finance takes up resolution plan approved by lenders")
