Page 55 - Latest Updates on Reserve Bank of India
Focus on technology
Banks must invest in improving customer interface
 "Focus on technology")
Mahindra receives RBI approval to reduce stake in SsangYong Motor
The maker of XUV500 and Scorpio has got a nod from the country's central bank to reduce its stake in Ssangyong to 25 per cent from the current 75 per cent through capital reduction
 "Mahindra receives RBI approval to reduce stake in SsangYong Motor")
Rate-hike bets in India escalate ahead of possible global tightening
Five-year interest-rate swaps jumped 63 basis points in February, reflecting growing expectations of a tighter monetary policy
 "Rate-hike bets in India escalate ahead of possible global tightening")
The recovery risks
Economic management in India will remain tricky
 "The recovery risks")
RBI to conduct simultaneous purchase and sale of g-secs next week
The central bank said it will conduct simultaneous purchase and sale of government securities for Rs 10,000 crore each under Open Market Operations
 "RBI to conduct simultaneous purchase and sale of g-secs next week")
RBI takes IDBI Bank out of PCA framework, subject to certain conditions
Board for Financial Supervision (BFS) found IDBI Bank not in breach of PCA parameters on capital, Net NPA and Leverage Ratio
 "RBI takes IDBI Bank out of PCA framework, subject to certain conditions")
India's inclusion in global bond indices faces taxation hurdle
Fund managers want govt to freeze taxes on sovereign debt papers
 "India's inclusion in global bond indices faces taxation hurdle")
India Inc's borrowing costs shoot up as credit growth gains momentum
5-year govt bond yields have risen to over 50 bps since the Budget 2021 has been presented.
 "India Inc's borrowing costs shoot up as credit growth gains momentum")
Reserve Bank loosens grip on yields at auction to leave traders guessing
RBI sold some of 10-year debt at 6.22 per cent on Friday, compared with about 6 per cent in previous auctions
 "Reserve Bank loosens grip on yields at auction to leave traders guessing")
5 opt out of race for RBI deputy governor's post
There are now 13 RBI executive directors of which 12 were eligible for the deputy governor's post
PMC Bank suitors face additional capital rider; RBI board meet on March 19
Rs 750 cr needed to enable payout of over Rs 5 lakh per depositor
 "PMC Bank suitors face additional capital rider; RBI board meet on March 19")
Stay vigilant against risk of cheque fraud
Mansinghka had been remiss in allowing a stranger to write the cheque. Disappearing magic ink was used which allowed the fraudsters to alter amount and payee name
Why we need uniform micro loan regulations
The Election Commission must ban loan waiver poll promises by all political parties. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders
India Inc's overseas direct investment declines 31% to $1.85 bn in February
India Inc's overseas direct investment significantly, RBI data showed
 "India Inc's overseas direct investment declines 31% to $1.85 bn in February")
IT sector sales rise 5.2% in third quarter, shows RBI data
Information technology (IT) sector remained in the positive terrain throughout the Covid-19 pandemic period
 "IT sector sales rise 5.2% in third quarter, shows RBI data")
RBI's policy responses to support economy weren't very impactful: Study
At best, the RBI stopped a sharp spike such as the one witnessed after the global financial crisis
Best of BS Opinion: Maintain the status quo, the two-front truce, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Maintain the status quo, the two-front truce, and more")
Finance ministry cracks the whip on insurance companies for ignoring MSMEs
Reluctant insurers have failed to offer the cover especially curated by the ministry following the UK Sinha panel's recommendations
 "Finance ministry cracks the whip on insurance companies for ignoring MSMEs")
Maintain the status quo
The current inflation target has worked well
 "Maintain the status quo")
A few things the RBI should be mindful of before issuing own bonds
Another discretionary tool to manage liquidity may be a timely one
 "A few things the RBI should be mindful of before issuing own bonds")
