Page 44 - Latest Updates on Reserve Bank of India
Higher surplus transfer to govt happened due to lower provisioning: RBI
The higher surplus transfer by the central bank came in as a big relief for the government
 "Higher surplus transfer to govt happened due to lower provisioning: RBI")
Banks, NBFCs need to augment their capital, says RBI Governor Das
The RBI on Friday left the repo rate unchanged at 4 per cent
 "Banks, NBFCs need to augment their capital, says RBI Governor Das")
Low home loan interest rate regime to continue: Realtors on RBI policy
The industry hailed the RBI's decision to keep policy rates unchanged
 "Low home loan interest rate regime to continue: Realtors on RBI policy")
India's forex reserves may have exceeded $600 billion: RBI governor
This comes on the back of robust capital flows
RBI policy: From August 1, your salary can get credited on weekends too
NACH to be available on all days of week from August 1, says RBI
 "RBI policy: From August 1, your salary can get credited on weekends too")
Cloud lifts over cryptocurrencies, but volatility remains: Analysts
Start with small investments, but exclude from portfolios aimed at key financial goals
 "Cloud lifts over cryptocurrencies, but volatility remains: Analysts")
HDFC Bank asks customers to ignore communication on crypto transactions
This communication from the bank comes after the RBI on Monday clarified that banks can no longer cite its circular on cryptocurrencies for not offering such products to customers
 "HDFC Bank asks customers to ignore communication on crypto transactions")
RBI's MPC begins deliberations amid expectations of status quo in key rate
The RBI had kept key interest rates unchanged at the last MPC meeting held in April.
 "RBI's MPC begins deliberations amid expectations of status quo in key rate")
Reserve Bank expected to keep rates steady, liquidity steps eyed: Poll
RBI's monetary policy committee will likely keep the repo rate unchanged at 4% for a sixth straight meeting
If necessary, govt must print money to support expenditure: P Chidambaram
He said that no one can predict when things will get better as it is not known whether there will be a third and fourth wave of coronavirus
 "If necessary, govt must print money to support expenditure: P Chidambaram")
June MPC meet crucial, may throw light on bias for policy in future
Over the last couple of months, there have been major unfavourable developments with regards to both growth and inflation.
 "June MPC meet crucial, may throw light on bias for policy in future")
Has RBI legitimised cryptocurrencies? Traders, banks think it has
Central bank goes beyond saying that its April circular banning virtual currencies is no longer valid.
 "Has RBI legitimised cryptocurrencies? Traders, banks think it has")
India's sovereign bond yields may stretch to April 2020 high, says expert
India's move toward higher bond yields and interest rates will be another milestone in the recovery of global financial markets from the ravages of the coronavirus.
 "India's sovereign bond yields may stretch to April 2020 high, says expert")
Bank frauds on the rise under Modi government, alleges Congress
The Congress on Monday alleged that banking frauds have risen under the Modi government and accused it of allowing the fraudsters to either continue functioning in the country or leave.
 "Bank frauds on the rise under Modi government, alleges Congress")
HDFC Bank shares trade flat after RBI imposes Rs 10 crore penalty
Shares of HDFC Bank traded flat during early hours on Monday after the Reserve Bank of India (RBI) imposed a penalty of Rs 10 crore for deficiency in its regulatory compliance
 "HDFC Bank shares trade flat after RBI imposes Rs 10 crore penalty")
RBI's status quo policy may revolve around Covid-19 pandemic measures
RBI's forecast for growth is 10.5% for the current fiscal year. Most analysts expect the RBI to lower it in the June 4 monetary policy announcement
 "RBI's status quo policy may revolve around Covid-19 pandemic measures")
The rocket rupee
It does feel like we are close to the end of the rupee's rally, says Jamal Mecklai
 "The rocket rupee")
PSU banks to follow template with three loan buckets for recast 2.0
Lenders come out with standardised products to help mitigate Covid crisis
 "PSU banks to follow template with three loan buckets for recast 2.0")
A no-action policy with focus on growth
'Unwinding' is unlikely to happen before the third quarter of this year even if we don't mess up in tackling a possible third wave of Covid; rate hike may have to wait for next year
RBI's new norms to help enhance audit quality, transparency: Experts
The Reserve Bank's new norms for auditors will help enhance the overall audit quality as well as transparency, apart from adding to the value to the businesses rather than wasting resources
