Page 72 - Latest Updates on Reserve Bank of India
RBI pegs retail inflation at 6.8 percent for the December quarter
The Reserve Bank of India said retail inflation is likely to remain elevated and pegged it at 6.8 per cent for the third quarter of the current fiscal
 "RBI pegs retail inflation at 6.8 percent for the December quarter")
RBI strengthens grievance redress framework of banks for better service
RBI has decided to put in place a comprehensive framework to strengthen and improve the efficacy of the internal grievance redress mechanism of the banks and to provide better customer service
 "RBI strengthens grievance redress framework of banks for better service")
Economy to contract at 7.5 per cent for FY21 due to Covid-19 impact: RBI
The Reserve Bank of India revised its forecast of economic growth for the current fiscal year (2020-21) to minus 7.5 per cent compared to its earlier forecast of minus 9.5 per cent
 "Economy to contract at 7.5 per cent for FY21 due to Covid-19 impact: RBI")
Sensex, Nifty hit record highs as RBI kept rates steady amid high inflation
Indian shares hit record highs after the country's central bank kept interest rates steady in the face of stubbornly high inflation, while also retaining its accommodative monetary policy stance
 "Sensex, Nifty hit record highs as RBI kept rates steady amid high inflation")
RBI's move to keep key interest rates steady was expected, experts say
The Reserve Bank of India kept key interest rates steady as widely expected amid persistently high inflation, and after a better-than-expected reading on economic growth
 "RBI's move to keep key interest rates steady was expected, experts say")
RBI policy: Clearly more sanguine on growth, but cautious on inflation
The curious message we get form the statement is that inflation is no longer the only target and we are back to the old days when both growth and inflation were targets for monetary policy
 "RBI policy: Clearly more sanguine on growth, but cautious on inflation")
RBI keeps repo rate unchanged at 4%; maintains accommodative stance
The RBI MPC voted unanimously to keep the key policy rate unchanged
 "RBI keeps repo rate unchanged at 4%; maintains accommodative stance")
Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'
Based on an exchange's surveillance report, the regulator is examining trading in the scrip between 2018 and 2019
 "Lakshmi Vilas Bank comes under Sebi scanner for 'insider trading'")
RBI Monetary Policy: Here's what to expect from the December meeting
The members of the Reserve Bank of India's fourth bi-monthly monetary policy Committee began their three-day meeting today, and are expected to announce the outcome on Friday
Best of BS Opinion: RBI monetary policy, fiscal prudence, and more
Here are the best of Business Standard's Opinions for today
 "Best of BS Opinion: RBI monetary policy, fiscal prudence, and more")
Rupee hits one-month high on foreign fund inflows, traders wary of RBI
RBI has been aggressively buying dollars to prevent sharp appreciation in rupee and ensure export competitiveness
 "Rupee hits one-month high on foreign fund inflows, traders wary of RBI")
A three-pronged strategy
Lay out a credible fiscal consolidation plan, reverse tax buoyancy decline, and boost non-tax revenues
 "A three-pronged strategy")
Beyond the rate decision
RBI will have to address the excess liquidity issue
 "Beyond the rate decision")
AEO benefits continue even after switching operations to MOOWR: Expert
Operating under Section 65 of Customs Act, 1962 has no effect on AEO status
 "AEO benefits continue even after switching operations to MOOWR: Expert")
Corporate ownership of private banks: Has the train left the station?
If indeed the gate opens for big industrial houses, the RBI needs to be smarter than them and demonstrate it through action, not reaction
RBI likely to pause rate this fiscal, take call on liquidity surplus
Economists say inflation would average above 6 per cent this fiscal, and is unlikely to come down below 5 per cent before March.
 "RBI likely to pause rate this fiscal, take call on liquidity surplus")
Long road to recovery
Q2 numbers encouraging, but outlook is still fairly uncertain
Very little room for more rate cuts: Amandeep Chopra, UTI Asset Management
He says, the rate cycle seems to have bottomed out but RBI may not change its accommodative stance anytime soon
 "Very little room for more rate cuts: Amandeep Chopra, UTI Asset Management")
RBI issues another marquee 10-year bond, making it third this calendar
The repeated issue of such bonds takes away some of its value in the eyes of investors, say experts
 "RBI issues another marquee 10-year bond, making it third this calendar")
RBI has set precedence in LVB bond write-off, will hurt other banks: Report
During the Yes Bank rescue earlier this year also, there was an over Rs 7,000-crore bond write-off, but that involved a different instrument called additional tier-I bonds.
