Page 49 - Latest Updates on Reserve Bank of India
The mounting cost of Covid-19
The rapid increase in the number of new Covid-19 cases and restrictions on activity are affecting economic recovery
RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman
Private sector lender HDFC Bank on Friday said the Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank
 "RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman")
Covid-19 second wave single biggest challenge to recovery: RBI Governor Das
MPC minutes show one member saw little merit in continuing with central bank's forward guidance
 "Covid-19 second wave single biggest challenge to recovery: RBI Governor Das")
MPC: Covid surge biggest challenge to ongoing economic recovery, says Das
The RBI governor also said that global financial markets have turned volatile over inflation fears in advanced economies and rising commodity prices, posing risks to the domestic outlook
 "MPC: Covid surge biggest challenge to ongoing economic recovery, says Das")
US currency list move an intrusion in RBI policy space: Commerce secretary
The commerce secretary said he expects robust growth in exports in the current fiscal year
 "US currency list move an intrusion in RBI policy space: Commerce secretary")
'Father of banking reforms': Ex-RBI governor M Narasimham passes away at 94
Narasimham also founded the credit planning cell in RBI, which became the monetary policy department
 "'Father of banking reforms': Ex-RBI governor M Narasimham passes away at 94")
Former Reserve Bank governor Maidavolu Narasimham passes away at 94
After his short term as RBI governor, he served as India's executive director at the World Bank and later at the International Monetary Fund (IMF)
 "Former Reserve Bank governor Maidavolu Narasimham passes away at 94")
Three risks that the equity markets may not be fully pricing in
A weaker Rs, slower growth, and higher inflation could lead to investors focusing on export-oriented stocks
 "Three risks that the equity markets may not be fully pricing in")
RBI constitutes six-member panel headed by former ED to review ARCs
The panel will recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector
Wave of disruption
New Covid cases could threaten the fragile economic recovery
 "Wave of disruption")
Households wary of discretionary spending
The RBI Current Situation Index has been negative in all surveys conducted in the past four years except the one in March 2019
HDFC Bank: Credit card biz, Covid-19 second wave pose near-term threat
A fresh Covid wave can potentially disrupt the recovery of businesses hurting some sections of HDFC Bank's loan book, analysts say
 "HDFC Bank: Credit card biz, Covid-19 second wave pose near-term threat")
Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Beyond the Jal Shakti Abhiyan, vaccine supply, and more")
A hale and hearty banking sector but...
More than banks, most of which have the balance sheet strength to stomach bad loans, it is the borrowers who will suffer once they are branded as defaulters since no lender will give them fresh money
RBI rejects 10-year bids, leaving short sellers scrambling for cover
Brings down yield to 6.08%, down 4 bps from last close
 "RBI rejects 10-year bids, leaving short sellers scrambling for cover")
HDFC Bank Q4: Analysts see 25% YoY jump in PAT; guidance key monitorable
Q4 earnings: Despite a moderated YoY growth in loan book, HDFC Bank continues to outperform industry, resulting in market share gain
 "HDFC Bank Q4: Analysts see 25% YoY jump in PAT; guidance key monitorable")
Bond markets ignore RBI's G-Sap largesse on rising inflation; yields soar
Doubts cast about G-Sap effectiveness at a the time when the Covid-19 surge is threatening to halt economic revival in the country
 "Bond markets ignore RBI's G-Sap largesse on rising inflation; yields soar")
RBI to set up Regulations Review Authority from May 1 for one year
RRA, set up to review/seek suggestions on simplification, ease of implementation of regulations, to be led by M Rajeshwar Rao
 "RBI to set up Regulations Review Authority from May 1 for one year")
RTGS money transfer facility to be unavailable for 14 hours on Sunday: RBI
The Real Time Gross Settlement (RGTS) service for fund transfers will not be available for 14 hours on April 18, the Reserve Bank of India (RBI) has said.
India fiscal health weak for quantitative easing, says Moody's
India is among the 11 emerging markets (EMs) that have jumped on the QE bandwagon
 "India fiscal health weak for quantitative easing, says Moody's")
