Page 54 - Latest Updates on Reserve Bank of India
RBI remains net purchaser of US dollar in January, buys $2.85 bn
The Reserve Bank of India (RBI) continued to remain net buyer of the US dollar in January
 "RBI remains net purchaser of US dollar in January, buys $2.85 bn")
Initiatives taken in Budget will step-up growth momentum: RBI article
The initiatives taken by the government in the 2021-22 Union Budget will step-up growth momentum in the medium term, according to an RBI article
 "Initiatives taken in Budget will step-up growth momentum: RBI article")
RBI Dy Guv Kanungo may get extension; interviews to find successor nixed
The move comes at a time when the central bank is working on digital currency
 "RBI Dy Guv Kanungo may get extension; interviews to find successor nixed")
RBI may have to delay liquidity normalisation amid rising virus cases
RBI may have to delay liquidity normalisation amid rising virus cases
 "RBI may have to delay liquidity normalisation amid rising virus cases")
ZebPay expects $2 bn-worth trades per month as crypto fever grips India
India had banned banks and other regulated entities from supporting crypto transactions in 2018. The Supreme Court removed the curbs last year in response to a petition by cryptocurrency exchanges
 "ZebPay expects $2 bn-worth trades per month as crypto fever grips India")
More banks likely to join RBI's list of 'systemically important banks'
Move result of change in pecking order post-mergers
 "More banks likely to join RBI's list of 'systemically important banks'")
Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?
Sebi's new rules around mutual fund (MF) investments in these bonds have kicked up a storm
 "Explained: What are perpetual bonds & why have new Sebi rules irked FinMin?")
Valuing AT1 bonds
A sudden change in the metrics will be disruptive
Reserve Bank imposes Rs 2 crore penalty on SBI for contravention of norms
RBI imposed a penalty of Rs 2 crore on State Bank of India (SBI) for contravention of norms, including specific directions to the lender on remuneration to its employees in the form of commission.
 "Reserve Bank imposes Rs 2 crore penalty on SBI for contravention of norms")
Uncertainty around India's crypto policy is making blockchain firms anxious
Bureaucrats say they want blockchain, but not cryptocurrencies. It's as silly as wanting airports with duty-free shops but no flights
 "Uncertainty around India's crypto policy is making blockchain firms anxious")
Parl Panel suggests systemic review by RBI to pre-empt IL&FS type crisis
A Parliamentary panel on Tuesday suggested a thorough systemic review by the Reserve Bank to pre-empt IL&FS kind of crisis, involving systemically important entities
 "Parl Panel suggests systemic review by RBI to pre-empt IL&FS type crisis")
RBI strengthening institutional mechanism to prevent bank frauds: FM
Sitharaman on Tuesday informed Parliament that the Reserve Bank of India is taking measures to strengthen its regulatory and supervisory capacity
 "RBI strengthening institutional mechanism to prevent bank frauds: FM")
Best of BS Opinions: Tariff on solar power, Biden's mega stimulus, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinions: Tariff on solar power, Biden's mega stimulus, and more")
Dealing with cost-push inflation
At present, an important reason for the large leeway around the inflation target lies in the behaviour of the prices of oil and food, which can push prices more generally
India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman
Bitcoin, the world's biggest and earlier cryptocurrency, has crossed a record high of $60,000.
 "India will not 'shut off' all cryptocurrency, wants blockchain: Sitharaman")
Investors see more sheen in paper gold this year amid lower prices
So far, FY21 has seen sale of 32.4 tonnes worth of sovereign gold bonds and 13 tonnes of exchange-traded funds
 "Investors see more sheen in paper gold this year amid lower prices")
Additional tier-1 bond stand-off likely to spook corporate bond yields
Besides redemption pressure in debt market, it will make fund raising difficult for PSBs
 "Additional tier-1 bond stand-off likely to spook corporate bond yields")
Low premiums on parts of Indian credit prompt calls for RBI help
Spreads on five- and 10-yr rupee corporate bonds diverging
India's forex reserves fall by $4.255 bn to $580.299 bn: RBI data
The country's foreign exchange reserves declined by USD 4.255 billion to USD 580.299 billion in the week ended March 5, according to RBI data
 "India's forex reserves fall by $4.255 bn to $580.299 bn: RBI data")
CPI inflation averages 3.9% during Oct 2016-Mar 2020, says report
The monetary policy committee headed by the RBI Governor is set to revise the policy framework and inflation targets by March 31
 "CPI inflation averages 3.9% during Oct 2016-Mar 2020, says report")
