Page 41 - Latest Updates on Reserve Bank of India
The RBI as outlier on inflation
As the threat of inflation returns, the Fed and others adjust their messages - why not the RBI?
 "The RBI as outlier on inflation")
1991 recap: Van with gold on the way to BoE broke down at Tardeo, Mumbai
The most important point, which the RBI should explain to the country - but doesn't - is that government gold and RBI gold are very different when it comes to using it for getting foreign exchange
A new era for microfinance
Over the past few years, some banks have been fishing in the same pond, exploiting the regulatory loopholes. That's lazy banking. Now, all lenders will look for new pastures
Cyber fraud helpline brings banks and police together: Here's how it works
The helpline and its reporting platform have been made operational by the Indian Cyber Crime Coordination Centre (14C) with support from the RBI, all major banks, payment banks, wallets
 "Cyber fraud helpline brings banks and police together: Here's how it works")
Ray of hope for PMC depositors as Centrum roped in for revival
However, restrictions to continue for a while till Centrum gets the final approval
 "Ray of hope for PMC depositors as Centrum roped in for revival")
Centrum gets RBI's in-principle nod to take over PMC Bank via SFB route
Approval given in accordance with the offer made by Centrum to take over the beleaguered Punjab and Maharashtra Cooperative Bank
 "Centrum gets RBI's in-principle nod to take over PMC Bank via SFB route")
RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra
In an exclusive interview with Business Standard, Jaspal Bindra, executive chairman of Centrum group said it has committed Rs 1,800 cr capital to the SFB, Rs 900 cr of which will come in first year
 "RBI has given us 120 days to operationalise SFB: Centrum's Jaspal Bindra")
NDA's Bermuda Triangle
The government has to generate a huge amount of employment without giving an upward push to inflation, while keeping subsistence spending intact
RBI will stick to pushing economic growth at this stage: Deputy guv MK Jain
"The inflation concerns are valid but we have to prioritise growth at this stage", deputy governor MK Jain said at a webinar
 "RBI will stick to pushing economic growth at this stage: Deputy guv MK Jain")
RBI has taken steps to smoothen impact of Covid wave: Deputy Governor Jain
Asserting that the second wave of COVID-19 has posed some challenges, RBI Deputy Governor M K Jain on Friday said both the central bank and the government have taken steps to mitigate its impact.
Need to be watchful on inflation even as we prioritise growth: MPC minutes
Focus on revival and sustenance of growth is the most desirable policy option while of course remaining watchful of the inflation trajectory, governor Shaktikanta Das said
 "Need to be watchful on inflation even as we prioritise growth: MPC minutes")
Some bright spots
There are still a number of risks to durable economic recovery
 "Some bright spots")
Reserve Bank of India focuses on the 10-year bonds in G-SAP again
The RBI mopped up a record Rs 26,779 cr of the 10-year bond in pre-announced secondary market operation
 "Reserve Bank of India focuses on the 10-year bonds in G-SAP again")
HDFC Bank draws up groundwork to regain credit card market share
Will come back with a bang once RBI lifts freeze, says bank
 "HDFC Bank draws up groundwork to regain credit card market share")
RBI likely to maintain status quo in August policy, says SBI report
Retail inflation witnessed a significant uptick in May
Best of BS Opinion: Rising inflation risk, Centre's GTR in 2020-21 & more
Here are the best of Business Standard's opinion pieces for Tuesday
 "Best of BS Opinion: Rising inflation risk, Centre's GTR in 2020-21 & more")
RBI bans DHFL from taking deposits under Piramal Group mgmt
More than 55,000 retail and institutional investors hold Rs 5,375 crore worth of fixed deposits in DHFL.
 "RBI bans DHFL from taking deposits under Piramal Group mgmt")
Interest margins of banks at 12-yr high; cost of funds fell 50 bps in FY21
Analysts attribute the margin expansion to the wedge between RBI's repo rate and the lending rate in the market
 "Interest margins of banks at 12-yr high; cost of funds fell 50 bps in FY21")
Rising inflation risk
Ignoring it for long could increase longer-term costs
 "Rising inflation risk")
Reserve Bank of India imposes Rs 11 lakh penalty on 2 co-op banks
The RBI has imposed penalty totalling Rs 11 lakh on Bijnor Urban Co-operative Bank Limited, Bijnor and National Urban Co-operative Bank Limited, New Delhi for contravention of certain norms
