Page 68 - Latest Updates on Reserve Bank of India
Flashback 2020
Bankers have been talking about near-normalcy in collection of loan repayments and very few stressed borrowers going for loan restructuring. This gives us hope for 2021
 "Flashback 2020")
Borrow from RBI-registered lending apps to avoid unscrupulous operators
Digital Lenders' Association of India (DLAI) has come out with a few guidelines
 "Borrow from RBI-registered lending apps to avoid unscrupulous operators")
Manufacturing firms log 'softer contraction' in sales at 4.3% in Q2: RBI
Demand conditions in the manufacturing sector returned to the recovery mode with a softer contraction of 4.3 per cent in Q2 in terms of nominal sales
 "Manufacturing firms log 'softer contraction' in sales at 4.3% in Q2: RBI")
NPAs set to see a sharp jump this year amid Covid-19 pandemic: Experts
Of these accounts that would undergo restructuring, one-third, or Rs 6-9 trillion, would turn into NPAs
 "NPAs set to see a sharp jump this year amid Covid-19 pandemic: Experts")
Fintechs show interest in becoming SFBs, but transitions involve risks
The fintech model is conceptualised as asset-light, which, in fact, played a huge role in Fino Payments Bank's early breakeven
IDBI Bank stake sale in limbo as govt faces legal hurdles in exit
The hurdle might push the government's plan to sell its entire stake in the lender to the next financial year
 "IDBI Bank stake sale in limbo as govt faces legal hurdles in exit")
RBI remains net purchaser of US dollar in October, buys $15.64 bn
The Reserve Bank of India (RBI) remained a net purchaser of the US currency in October as it bought $15.64 billion from the spot market
 "RBI remains net purchaser of US dollar in October, buys $15.64 bn")
Bankers' sentiment on lending improves; loan demand to rise: RBI survey
The Covid-19 pandemic and the related lockdown led to significant contraction in loan demand across all sectors during April-June 2020
 "Bankers' sentiment on lending improves; loan demand to rise: RBI survey")
Sovereign gold bond issue price fixed at Rs 5,000 per gm of gold
The issue price for the next series of sovereign gold bonds has been fixed at Rs 5,000 per gram of gold, the Reserve Bank of India said in a statement on Thursday.
 "Sovereign gold bond issue price fixed at Rs 5,000 per gm of gold")
Economy well placed to capitalise on recovery in 2021, says K V Kamath
In an interview with Abhijit Lele, K V Kamath'said India needs to be mindful of the pain that exists in the self-employed category and those with unsecured loans
 "Economy well placed to capitalise on recovery in 2021, says K V Kamath")
Don't tweak inflation target range: Economists tell FM in pre-Budget talks
The current range of 2-6 per cent is valid till this fiscal year-end
 "Don't tweak inflation target range: Economists tell FM in pre-Budget talks")
RBI warns public about shady digital lending apps promising quick finance
Informs public about exorbitant rates of interest charged by such apps, and use of muscle power to recover dues; guides on reporting rogue service providers
 "RBI warns public about shady digital lending apps promising quick finance")
RBI governor asks banks to strengthen lending capacity by raising capital
During a two-day meeting with heads of banks, including the private sector lenders, the governor emphasised on the need to remain vigilant and make provisions against bad loans proactively
 "RBI governor asks banks to strengthen lending capacity by raising capital")
RBI governor meets bankers over rate transmission, stressed assets
Touches upon current economic situation, emphasises banking sector's importance in supporting ongoing revival in economic activities
 "RBI governor meets bankers over rate transmission, stressed assets")
RBI to face new challenges in 2021 as Rupee, bonds lure overseas investors
Stocks have already attracted the biggest yearly inflows since 2012, adding to the woes for the Reserve Bank of India that has been buying up the deluge of dollars to curb the rupee's gains
 "RBI to face new challenges in 2021 as Rupee, bonds lure overseas investors")
2021 Outlook: Covid vaccine, economic recovery, earnings to drive markets
BNP Paribas expects Sensex to hit 50,500 by December 2021. JP Morgan, meanwhile, expects Nifty50 to scale 15,000 levels by the end of next year
 "2021 Outlook: Covid vaccine, economic recovery, earnings to drive markets")
Budget sops, Covid-19 tax surcharge: Market expectations from 2021
One of the key ratios to gauge the valuation of the market is the Market Capitalisation to GDP Ratio, which is around 95 per cent currently - a bubble territory
 "Budget sops, Covid-19 tax surcharge: Market expectations from 2021")
Centrum-BharatPe, Liberty group in race for beleaguered PMC Bank
Deal could mark the entry of corporates into UCBs
 "Centrum-BharatPe, Liberty group in race for beleaguered PMC Bank")
Behind the recovery
Policymakers should not lose sight of economic distortions
 "Behind the recovery")
RBI Central Board meets to take stock of economy amid global challenges
The board reviewed customer education initiatives and resolution of customer complaints
 "RBI Central Board meets to take stock of economy amid global challenges")
