Page 45 - Latest Updates on Reserve Bank of India
Covid-19: Banks begin process of restructuring of loans up to Rs 25 cr
Banks have initiated the process of restructuring of loans up to Rs 25 crore in line with the Covid-19 relief measures announced by the Reserve Bank earlier this month
 "Covid-19: Banks begin process of restructuring of loans up to Rs 25 cr")
RBI likely to retain benchmark interest rate on Friday, feel experts
Reserve Bank of India (RBI) is likely to retain the benchmark interest rate at the existing levels at its upcoming monetary policy review, feel experts
 "RBI likely to retain benchmark interest rate on Friday, feel experts")
Despite record dividend, RBI and govt may have differences over new norms
Apex bank's Rs 99,122 cr dividend supports the Centre's fiscal rescue plan, obviates need to ramp up borrowings for now
 "Despite record dividend, RBI and govt may have differences over new norms")
RBI slaps Rs 10 cr fine on HDFC Bank over violations in auto loan portfolio
The RBI acted on the matter after it received a whistleblower complaint regarding the irregularities in the auto loan portfolio of the bank
 "RBI slaps Rs 10 cr fine on HDFC Bank over violations in auto loan portfolio")
Markets in bubble zone? Tech charts say Sensex to hit 53,000 soon
Nifty50's stability above 15,300-mark shows a further breakout towards 15,700 and 16,000 levels, as per the weekly chart
 "Markets in bubble zone? Tech charts say Sensex to hit 53,000 soon")
Best of BS Opinion: Accounting gains, games promoters play & more
Here are the best of Business Standard's opinion pieces for Friday
 "Best of BS Opinion: Accounting gains, games promoters play & more")
RBI says economic cost of second Covid-19 wave may be limited to Q1
Government must now step up expenditure to boost demand for private investment and consumption, said RBI
 "RBI says economic cost of second Covid-19 wave may be limited to Q1")
In pandemic year, bank frauds down 25% by value: RBI annual report
In terms of number, fall is 15%; share of PSBs in cases declines
Accounting gains
RBI's higher surplus transfer has limits
Banks need to monitor asset quality, prepare for higher provisioning: RBI
RBI also expressed confidence that banks are better positioned than before in managing stress in their balance sheets in view of higher capital buffers
 "Banks need to monitor asset quality, prepare for higher provisioning: RBI")
In three years, RBI pulls out over 900 mn notes of Rs-2,000 denomination
Rs-2,000 notes comprised only 2% by volume of total floating currency notes as of March 31, 2021, compared with 3.3% in 2018
 "In three years, RBI pulls out over 900 mn notes of Rs-2,000 denomination")
Revival of pvt consumption, investment key for post-Covid growth: RBI
The Reserve Bank on Thursday said that a durable revival of private consumption and investment would be critical
 "Revival of pvt consumption, investment key for post-Covid growth: RBI")
Notes in circulation go up due to holding of cash amid pandemic: RBI
Banknotes in circulation witnessed higher than average increase during 2020-21
 "Notes in circulation go up due to holding of cash amid pandemic: RBI")
Tough audit rules
RBI must consider the concerns of financial services players
 "Tough audit rules")
Best of BS Opinion: Tough audit rules, Myanmar's great leap back & more
Here are the best of Business Standard's opinion pieces for Wednesday
 "Best of BS Opinion: Tough audit rules, Myanmar's great leap back & more")
Reserve Bank of India digs in heels on auditor appointments at banks, NBFCs
The para banks, however, were allowed to do the change from the second half of the fiscal year.
 "Reserve Bank of India digs in heels on auditor appointments at banks, NBFCs")
Ensure continuity in provision of financial services: RBI guv to pvt banks
RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses
 "Ensure continuity in provision of financial services: RBI guv to pvt banks")
Bank credit grows by 6.02%; deposits up by 9.87%, RBI data shows
In fiscal year 2020-21, bank credit had grown by 5.56 per cent and deposits by 11.4 per cent.
 "Bank credit grows by 6.02%; deposits up by 9.87%, RBI data shows")
Mix of fiscal, monetary policies to mitigate economic downturn: RBI study
RBI study saying demand side channel needs to be complemented with a conducive monetary transmission mechanism from the supply side.
RBI issues guidelines for merging district central co-op banks with state ones
This is subject to various conditions, including that a proposal should be made by the state government concerned.
