Page 61 - Latest Updates on Reserve Bank of India
Sensex ends 117 pts up, logs best weekly gain in 10 months; SBI jumps 11%
The broader markets, however, came under selling pressure. The S&P BSE MidCap and SmallCap indices ended 0.93 per cent and 0.28 per cent lower, respectively
 "Sensex ends 117 pts up, logs best weekly gain in 10 months; SBI jumps 11%")
Demand has moved beyond pent-up demand to actual one: RBI Governor Das
Das said the momentum is likely to sustain
 "Demand has moved beyond pent-up demand to actual one: RBI Governor Das")
RBI working on model of digital currency, decision soon: Deputy Guv Kanungo
An internal committee within the RBI is taking a close look at the model of the central bank's digital currency, Kanungo said
 "RBI working on model of digital currency, decision soon: Deputy Guv Kanungo")
RBI to allow retail investors to directly enter govt securities market
This will make India the first Asian country to do so and among a handful globally
 "RBI to allow retail investors to directly enter govt securities market")
RBI's monetary and Centre's fiscal policy are moving hand-in-glove
RBI has done exceptionally well in managing government's extended borrowing this year when fiscal deficit has shot-up to 9.5 per cent of GDP
 "RBI's monetary and Centre's fiscal policy are moving hand-in-glove")
RBI projects GDP growth rate at 10.5% over recovery in economic activities
RBI Governor Shaktikanta Das said vegetable prices are expected to remain soft in the near term as the central bank projected retail inflation rate to come down to 5.2 per cent in the current quarter
 "RBI projects GDP growth rate at 10.5% over recovery in economic activities")
RBI MPC highlights: Rates, stance unchanged, CRR to be restored, and more
Projection for CPI-based inflation revised to 5.2% for Q4 of FY21, for H1 of FY22 at 5% to 5.2%, and for Q3 of FY22 at 4.3%
 "RBI MPC highlights: Rates, stance unchanged, CRR to be restored, and more")
RBI keeps policy rate unchanged fourth time, maintains accommodative stance
The central bank had slashed the repo rate by 115 basis points since late March 2020 to support growth
Top headlines: BSE firms' m-cap tops Rs 200 trn, RBI's plan to revive PMC
Walmart-owned digital payments firm PhonePe has distributed ESOPs (employee stock ownership plans) worth $200 million among its 2,200 employees. Read top news with Business Standard
 "Top headlines: BSE firms' m-cap tops Rs 200 trn, RBI's plan to revive PMC")
How RBI plans to revive PMC Bank through a three-pronged strategy
In a first, DICGC to be roped in to fund revival; RBI to open credit line to tide over liquidity issues; minimum capital from promoter to meet 9% capital adequacy ratio; 3 investors submit final offer
 "How RBI plans to revive PMC Bank through a three-pronged strategy")
Tweak in Act to grant IDBI 'bank licence' after govt offloads stake
Section 22 of the Banking Regulation Act states that no company shall conduct banking business in the country unless it holds a licence issued by the RBI
 "Tweak in Act to grant IDBI 'bank licence' after govt offloads stake")
Sensex, Nifty keep run going; all eyes on RBI's policy decision on Friday
After touching an all-time high of 50,687.51 during the day, the Sensex ended 358.54 points or 0.71 per cent at its new closing record of 50,614.29
 "Sensex, Nifty keep run going; all eyes on RBI's policy decision on Friday")
RBI in focus as India looks towards bigger borrowing: Decision Guide
The benchmark repurchase rate will be maintained at 4% Friday, according to 24 of the 32 economists in a Bloomberg survey, although cooling inflation has stoked expectations for a rate cut
 "RBI in focus as India looks towards bigger borrowing: Decision Guide")
Budget 2021 has heated up the bond market. This is how RBI can cool it down
There is an outside chance of the central bank announcing a rate cut in its monetary policy on Friday, since growth at any cost remains the mantra
 "Budget 2021 has heated up the bond market. This is how RBI can cool it down")
Retail investors hold around Rs 1,000 crore in bankrupt listed companies
Each bankrupt company has around 7,500 retail investors on a median basis
 "Retail investors hold around Rs 1,000 crore in bankrupt listed companies")
Top headlines: Air India sale may get govt Rs 15,000 cr, Sebi ban on Biyani
Bharti Airtel posted a consolidated net profit of Rs 854 crore in the third quarter of December FY21, after six straight quarters of losses. Read the top news in Business Standard today
 "Top headlines: Air India sale may get govt Rs 15,000 cr, Sebi ban on Biyani")
Monetary policy: Rising yields a worry and RBI should act, say bond dealers
Rise in interest rates could hit corporate earnings, hinder economic recovery
 "Monetary policy: Rising yields a worry and RBI should act, say bond dealers")
Banks to seek leeway from RBI for new asset reconstruction company
Senior bankers said over 70 per cent provision for assets will be moved to the ARC
 "Banks to seek leeway from RBI for new asset reconstruction company")
RBI's monetary policy committee starts deliberations on interest rates
The committee is likely to hold interest rates steady and continue with an accommodative policy stance
RBI unveils risk-based audit guidelines for select NBFCs, urban co-op banks
Currently, all the entities supervised by the RBI have their own approaches on internal audit, resulting in certain inconsistencies, risks and gaps in the system
 "RBI unveils risk-based audit guidelines for select NBFCs, urban co-op banks")
