Page 42 - Latest Updates on Reserve Bank of India
'Inflation spike in May might cause RBI to revisit focus on growth risks'
This is based on commentary from global forecasting firm Oxford Economics
 "'Inflation spike in May might cause RBI to revisit focus on growth risks'")
Best of BS Opinion: New idea of India, BJP is as safe as a big bank & more
Here are the best of Business Standard's opinion pieces for Tuesday
 "Best of BS Opinion: New idea of India, BJP is as safe as a big bank & more")
RBI proposes to lift interest rate cap on microfinance institutions
Proposes debt-income cap; common rules for all micro-loan lenders
 "RBI proposes to lift interest rate cap on microfinance institutions")
Inflation tax masquerading as dividend income
What we have is effectively a tax though it is subtle and non-transparent as it is collected indirectly through the RBI.
Mobile prepaid recharge facility on BBPS by August-end, says RBI
The move is likely to help millions of prepaid phone subscribers in the country.
 "Mobile prepaid recharge facility on BBPS by August-end, says RBI")
New auditors: Reserve Bank of India clarifies on tenure, eligibility norms
Industry lobbies have called for a review of the circular issued on April 27
Good show by banks but can they sustain it?
Till March, banks could hold on but not all of them will be in a position to stomach the impact of the second wave of the pandemic
 "Good show by banks but can they sustain it?")
Sharpening income inequalities telling story of 'uneven' recovery: Subbarao
The ex-central bank governor said that earlier expectations of a sharp economic recovery this year have been dashed by the new pandemic wave
 "Sharpening income inequalities telling story of 'uneven' recovery: Subbarao")
Enforcement Directorate issues notice to WazirX, directors over FEMA breach
Exchange said they are yet to receive ED notice
 "Enforcement Directorate issues notice to WazirX, directors over FEMA breach")
At $605 bn, India ties with Russia as fourth largest forex reserves holder
It took just about a year for reserves to rise by $100 billion, which has generally been the pace of accumulation since Shaktikanta Das became RBI governor in November 2017
 "At $605 bn, India ties with Russia as fourth largest forex reserves holder")
RBI extends Risk Based Internal Audit rules to housing finance companies
RBI extends RBIA rules to all deposit taking HFCs and non-deposit taking HFCs with assets above Rs 5,000 cr with effect from June 30, 2022
 "RBI extends Risk Based Internal Audit rules to housing finance companies")
RBI's 3rd tranche of open market purchase of Rs 40,000 cr G-Secs on Jun 17
The RBI will be buying bonds of 20 states in the G-SAP, which will be held on June 17.
REL to invest over Rs 100 cr in broking, housing finance business
REL has four key businesses Religare Finvest Limited (RFL) for SME finance, Care Health Insurance Limited (CHIL) - health insurance, Religare Broking Ltd (RBL) and Religare Housing Development Finance
 "REL to invest over Rs 100 cr in broking, housing finance business")
10-year bond is no longer the rate signal for the economy, say experts
Most of the 10-year security is now with the RBI, and a segment of the bond market says the central bank must increase the liquidity of this segment
 "10-year bond is no longer the rate signal for the economy, say experts")
M K Jain re-appointed as RBI Deputy Governor for a period of two years
Jain was appointed as deputy governor for three years in June 2018
 "M K Jain re-appointed as RBI Deputy Governor for a period of two years")
RBI money printing must be last option, can consider Covid bonds: Subbarao
The central bank can directly print money and finance the government, but it should avoid doing so unless there is absolutely no alternative: former RBI governor D Subbarao
NARCL headhunting for core team begins ahead of launch in July
Invites quotes from Aon to help it in the hiring process
 "NARCL headhunting for core team begins ahead of launch in July")
RBI asks banks not to destroy CCTV recordings of demonetisation period
Banks advised to preserve CCTV footage from branches, currency chests between Nov 6, 2016 to Dec 30, 2016 until further notice
No backdoor entry
Promoters should not be allowed to delay insolvency resolution
 "No backdoor entry")
