Page 62 - Latest Updates on Reserve Bank of India
RBI appoints external firm to audit HDFC Bank's IT infrastructure
In December last year, irked at the repeated service outages, the RBI asked the lender to temporarily halt all its digital launches as well as new sourcing of credit card customers
 "RBI appoints external firm to audit HDFC Bank's IT infrastructure")
3 PSU banks likely to be out of PCA framework by March: DFS Secretary
The finance ministry expects the remaining three public sector banks (PSBs) to be out of the RBI's prompt corrective action (PCA) framework in two months
 "3 PSU banks likely to be out of PCA framework by March: DFS Secretary")
India's massive borrowing puts RBI under pressure to keep yields in check
India will borrow a gross Rs 12 trillion ($164 billion) via bonds in the fiscal year beginning April, Finance Minister Nirmala Sitharaman said on Monday
 "India's massive borrowing puts RBI under pressure to keep yields in check")
Budget share of capital expenditure highest in decade, aims for investments
Public spending push is expected to help push growth after pandemic slowdown in investments
 "Budget share of capital expenditure highest in decade, aims for investments")
Should 'private Cryptocurrencies' be banned in India? Experts' take
The RBI's official digital currency, also called Central Bank Digital Currency, has been in the works for a while
 "Should 'private Cryptocurrencies' be banned in India? Experts' take")
After RBI's paper on new regulatory framework, what next for NBFCs?
Over the last five years, their balance sheet more than doubled to Rs 49.22 trillion
 "After RBI's paper on new regulatory framework, what next for NBFCs?")
The BIC's time to resolve recap issues is now
Inadequately capitalised banks will face problems in increasing their credit portfolios. A credit squeeze on account of banks' balance-sheet constraints would also have larger macroeconomic dimensions
 "The BIC's time to resolve recap issues is now")
Thoughts on Budget and monetary policy
Beyond hype, if the Budget creates a platform for growth, the RBI will have to change the policy's stance, but that won't happen - now or even in April
 "Thoughts on Budget and monetary policy")
RBI may not tinker with key rate, will keep accommodative stance: Experts
The six-member MPC headed by RBI Governor is scheduled to meet for three days starting February 3. The resolution meeting would be announced on February 5
 "RBI may not tinker with key rate, will keep accommodative stance: Experts")
Parliament to consider bills to ban private cryptocurrencies, set up DFI
The Bill will prohibit all private cryptocurrencies in India, but will allow for certain exceptions to promote the underlying technology of cryptocurrency, and its uses
 "Parliament to consider bills to ban private cryptocurrencies, set up DFI")
RBI must use reserves for domestic investment, says Economic Survey
The reserves have risen as imports contracted and the country turned surplus.
 "RBI must use reserves for domestic investment, says Economic Survey")
ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability
The key monitorable, analysts said, will be downgrades to BBB and below list; outlook on asset quality; update on restructuring account; and business outlook
 "ICICI Bank Q3: Treasury gains, stake sale in ICICI Sec to aid profitability")
Top corporate bond arranger expects spreads on highest-rated notes to widen
"We think the RBI will guide liquidity toward more normal settings, which could lead to spreads widening on corporate bonds," ICICI Bank's top official said
 "Top corporate bond arranger expects spreads on highest-rated notes to widen")
RBI says it will charge banks if they do not improve customer grievance
To operationalize the cost-recovery framework for banks, peer groups based on the asset size of banks as on March 31 of the previous year will be identified
 "RBI says it will charge banks if they do not improve customer grievance")
RuPay's market share tops 60% in total cards issued, says RBI report
As of November 2020, around 603.6-million RuPay cards have been issued by nearly 1,158 banks
 "RuPay's market share tops 60% in total cards issued, says RBI report")
RBI's NBFC paper silent on liquidity management, says India Ratings
The paper has not said whether the cash reserve ratio (CRR) and statutory liquidity ratio (SLR) will be applicable to upper layers of NBFCs
 "RBI's NBFC paper silent on liquidity management, says India Ratings")
RBI proposals to restrict land financing by NBFCs: India Ratings Report
The Reserve Bank's proposals on restricting specific real estate funding by NBFCs will affect land financing by them, the report said
RBI open to digital currency, examining the need to introduce CBDC
A CBDC is legal tender and a central bank liability in digital form denominated in a sovereign currency and appearing on the central bank's balance sheet.
 "RBI open to digital currency, examining the need to introduce CBDC")
RBI refutes reports of withdrawal of old Rs 100, Rs 10, Rs 5 notes
The Reserve Bank of India (RBI) on Monday refuted reports of withdrawal of old series of Rs 100, Rs 10 and Rs 5 currency notes.
 "RBI refutes reports of withdrawal of old Rs 100, Rs 10, Rs 5 notes")
Best of BS Opinion: Correct course on tariffs, regulating NBFCs, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Correct course on tariffs, regulating NBFCs, and more")
