Page 56 - Latest Updates on Reserve Bank of India
Facebook, Amazon, Google vie for piece of India's digital payment markets
The contest is fierce as regulator Reserve Bank of India is expected to give just one or two licenses, as implied in its notification inviting bids
 "Facebook, Amazon, Google vie for piece of India's digital payment markets")
Explained: What is NUE licence for retail payments and who's interested?
Customer retention, gains from float money and product innovation are the key reasons for banks to jump on the new for-profit platform for retail payments
 "Explained: What is NUE licence for retail payments and who's interested?")
RBI restricting banks from raising stakes in insurance firms: Report
The RBI wants banks to focus on their main areas of business instead of locking away capital in non-core sectors
 "RBI restricting banks from raising stakes in insurance firms: Report")
Top headlines: Cayman grey tag may hurt FPI, Telcos bid in spectrum auction
India's market regulator suggested a "dual approval" process for the appointment and removal of independent directors. Read top stories with Business Standard
 "Top headlines: Cayman grey tag may hurt FPI, Telcos bid in spectrum auction")
Economy reviving, but renewed surge of Covid-19 infections poses risk: RBI
Apex bank's report notes lack of private investment; broader measures of liquidity reflect easing of monetary and financial conditions
 "Economy reviving, but renewed surge of Covid-19 infections poses risk: RBI")
Amazon, eBay make recommendations to govt for foreign trade policy
Recommendations have been made to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021
 "Amazon, eBay make recommendations to govt for foreign trade policy")
Commercial bank credit to midsize firms up 27.9%, shows RBI data
Bankers said the economic recovery has begun to translate into a rise in demand for loans.
 "Commercial bank credit to midsize firms up 27.9%, shows RBI data")
Best of BS Opinion: Rising bond yields, 'Aatmanirbhar Bharat', and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Rising bond yields, 'Aatmanirbhar Bharat', and more")
Private equity interest can improve governance in banks: Rahul Bhasin
PEs need to engineer change and bring efficiency to the fore to deliver the returns demanded by their investors; or, alternatively, find outstandingly well-run banks to partner with, Bhasin said
 "Private equity interest can improve governance in banks: Rahul Bhasin")
How RBI should 'manage' the yield curve
None can question the central bank's policy of leaning against the rising yield but the problem is with the way it is being done
 "How RBI should 'manage' the yield curve")
Gold Bond Scheme 2020-21 to be issued at Rs 4,662 per gram from March 1-5
The new series of Sovereign Gold Bonds 2020-21 will be opened for the period March 1-5, 2021
 "Gold Bond Scheme 2020-21 to be issued at Rs 4,662 per gram from March 1-5")
Non-food credit grows 5.7% in January, shows RBI data
Non-food bank credit grew at 5.7 per cent in January 2021 as against an increase of 8.5 per cent in January 2020, RBI data showed
 "Non-food credit grows 5.7% in January, shows RBI data")
RBI extends deadline to apply for Umbrella entity on retail payments
34 consortiums working to file intent for NUE
Indian banks' loans rose 6.6% in two weeks to Feb 12: RBI data
Deposits rose 11.8%
 "Indian banks' loans rose 6.6% in two weeks to Feb 12: RBI data")
RBI extends deadline to apply for umbrella entity on retail payments
The deadline has been pushed by over a month to March 31 in view of the pandemic
 "RBI extends deadline to apply for umbrella entity on retail payments")
Inflation target band of 2-6% appropriate for next 5 years: RBI report
The finding is part of RBI's 'Report on Currency and Finance' for 2020-21
Here's why Nifty Bank index tanked 5% on NSE amid rising bond yields
10-year government bond yield hardened to 6.23 per cent on Friday, up 0.05 per cent from 6.18 per cent on Thursday, February 25
 "Here's why Nifty Bank index tanked 5% on NSE amid rising bond yields")
DHFL hits 5% upper circuit as RBI okays Piramal Group's resolution proposal
On Thursday, DHFL said it has received the intimation from the RBI and has filed application with NCLT for submission of the resolution plan of Piramal Capital & Housing Finance
 "DHFL hits 5% upper circuit as RBI okays Piramal Group's resolution proposal")
Video KYC: Private banks hit the ground the running, while PSBs lag
Contactless identification could be a gamechanger in the post-Covid world
 "Video KYC: Private banks hit the ground the running, while PSBs lag")
RBI balance sheet not compromised by liquidity operations: Shaktikanta Das
The centre and state governments likely to reduce taxes to bring down high fuel prices
 "RBI balance sheet not compromised by liquidity operations: Shaktikanta Das")
