Page 47 - Latest Updates on Reserve Bank of India
Reserve Bank of India leaves 10-year bond unsold in auction, rejects bids
The rejection of the bids brought down yields by 2 basis points and the 10-year bond closed at below 6 per cent again, at 5.99 per cent
 "Reserve Bank of India leaves 10-year bond unsold in auction, rejects bids")
RBI tells lenders to reconsider ties with crypto exchanges, traders
The guidance comes as India is crafting a law to ban cryptocurrencies and penalise anyone dealing in them, which would be among the most sweeping crackdowns on the new investing fad in the world
 "RBI tells lenders to reconsider ties with crypto exchanges, traders")
States go slow on projects, halve borrowing even as Covid wreaks havoc
The reason could lie in RBI's accommodation to them and the fact that states themselves could be burdened with interest cost
 "States go slow on projects, halve borrowing even as Covid wreaks havoc")
Sponsor investments in IFSC AIFs to come under the automatic route
RBI relaxation to allay round tripping concerns associated with sponsor commitment and shorten fund set-up time in IFSC
 "Sponsor investments in IFSC AIFs to come under the automatic route")
Commodity conundrum
Higher international prices will increase policy risks
 "Commodity conundrum")
Microfinance institutions want additional relief measures from RBI
In a letter to RBI Governor Shaktikanta Das, MFI association SaDhan has sought a special liquidity facility of at least Rs 15,000 crore to be provided by all-India financial institutions
 "Microfinance institutions want additional relief measures from RBI")
India's reserves adequacy improved to 18.6 months in December 2020
As at end-March 2021, RBI held 695.31 tonnes of gold--403.01 tonnes overseas with the Bank of England and Bank of International Settlements, and 292.30 tonnes domestically
 "India's reserves adequacy improved to 18.6 months in December 2020")
MFIs request RBI for emergency credit line as collections take a hit
Seek up to 25% of their outstanding with lending banks, which would help them mobilise Rs 15,000 cr
 "MFIs request RBI for emergency credit line as collections take a hit")
Reserve Bank announces Rs 35,000 crore G-sec Acquisition Programme
RBI announced the second tranche of Open Market Purchase of Government of India Securities under G-sec Acquisition Programme (G-SAP 1.0)
 "Reserve Bank announces Rs 35,000 crore G-sec Acquisition Programme")
Relief to only postpone financial stress from India's Covid surge: Fitch
There are growing indications that India's latest wave of Covid-19 infections will add to risks among financial institutions by sapping near-term momentum from the economic recovery
RBI modifies norms for undertaking govt business by private banks
The Reserve Bank on Monday came out with modified guidelines that allow sound private sector banks to undertake government business, whether at the Centre or in states.
 "RBI modifies norms for undertaking govt business by private banks")
Jose Kattoor named RBI Executive Director with effect from May 4
In charge of Human Resource Mgt Dept, Corporate Strategy and Budget Dept and Rajbhasha
Plea filed with SC seeking moratorium of 6 months on repayment of bank dues
It is not clear yet if the plea has been admitted by the Court, and if so, what further action the RBI could take
 "Plea filed with SC seeking moratorium of 6 months on repayment of bank dues")
RBI recent measures to boost healthcare infrastructure, says ICRA
Availability of funds due to recent measures announced by the Reserve Bank of India (RBI) can result in increased capacities: ICRA
 "RBI recent measures to boost healthcare infrastructure, says ICRA")
Banks want RBI to relax NPA norms for lockdown-stressed MSME sector
Bankers request extension of NPA classification norms to 180 days from 90 days currently
Covid-19 loans: Banks using their own resources to get the benefit
Earlier, option of earning 40 bps extra was for banks using RBI's Rs 50,000-cr window
Forex reserves surge by $3.91 billion to $588.02 billion: RBI data
The country's foreign exchange reserves swelled by $3.913 billion to reach $588.02 billion in the week ended April 30, 2021, RBI data showed on Friday
 "Forex reserves surge by $3.91 billion to $588.02 billion: RBI data")
RBI sets up an advisory group to assist regulatory review authority
Regulatory Review Authority (RRA 2.0) was constituted by the central bank earlier this month to streamline regulations and reduce the compliance burden of regulated entities
Best of BS Opinion: RBI's rescue act, steady start for 5G, and more
Here are the best of Business Standard's opinion pieces for Thursday
Proactive or watchful? Here's how D-St interpreted RBI Governor's address
RBI Governor Shaktikanta Das on Wednesday revealed the central bank's blueprint to mitigate the impact of the second Covid wave that's wreaking havoc in the country.
 "Proactive or watchful? Here's how D-St interpreted RBI Governor's address")
