Page 73 - Latest Updates on Reserve Bank of India
Small lenders to pay the price as RBI writes off debt of Lakshmi Vilas Bank
The Reserve Bank of India on late Thursday said Rs 3.18 billion of Tier 2 bonds of Lakshmi Vilas Bank Ltd. will be fully written down as DBS Group Holdings Ltd
 "Small lenders to pay the price as RBI writes off debt of Lakshmi Vilas Bank")
Economic recovery stronger than expected: RBI governor Shaktikanta Das
The RBI is scheduled to announce its monetary policy next week where it is expected to give its outlook on growth
 "Economic recovery stronger than expected: RBI governor Shaktikanta Das")
Liquidity glut, ultra low rates may prompt RBI to change course soon
Some banks are even giving 10-15-year term loans at below bond market rates. There is no avenue to deploy the excess liquidity otherwise
 "Liquidity glut, ultra low rates may prompt RBI to change course soon")
NPCI diversifies its ownership with share allotment to 19 new entities
Completes private placement of 4.63 per cent equity shares worth Rs 82 cr; number of shareholders rises to 67
 "NPCI diversifies its ownership with share allotment to 19 new entities")
A glut of cash chasing assets in India causes short-term rates to plunge
Banks have parked 6.1 trillion rupees ($82.5 billion) of excess cash with the central bank at the reverse repo rate of 3.35%
 "A glut of cash chasing assets in India causes short-term rates to plunge")
Conserve capital, the loud, clear message from RBI to NBFCs and banks
Muthoot Finance and Axis Bank are instances of the regulator objecting to acquisitions
 "Conserve capital, the loud, clear message from RBI to NBFCs and banks")
Fino Payments Bank registers profit for the third straight quarter
Bank achieves transactions worth Rs 12,500 cr, twice that in the same month last year; eyes conversion into SFB following
 "Fino Payments Bank registers profit for the third straight quarter")
Govt approves LVB merger with DBS, say will fix blame for lender's failure
The Reserve Bank of India (RBI) took control of LVB on November 15 due to a 'serious deterioration' in its finances and temporarily capped withdrawals
 "Govt approves LVB merger with DBS, say will fix blame for lender's failure")
More policy space can be created only when inflation eases, says MPC member
Inflation is being driven by supply-side problems and is likely to stay elevated for a while, Mridul Saggar said
 "More policy space can be created only when inflation eases, says MPC member")
Why few NBFCs want to become banks despite RBI's new recommendations
Cost of doing business, regulatory arbitrage, customer profile key parameters
 "Why few NBFCs want to become banks despite RBI's new recommendations")
RBI rejects Muthoot Finance's plan to buy IDBI AMC over lack of consonance
The kerala-based gold loan NBFC had signed a deal to acquire IDBI Asset Management Ltd and IDBI MF Trustee Company Ltd in November 2019, for about Rs 215 cr
 "RBI rejects Muthoot Finance's plan to buy IDBI AMC over lack of consonance")
Equitas, Ujjivan small finance banks: Long-standing demand may soon be met
Recommendation on collapsing the holding company could simplify the structure and help reduce promoter stake in the banks
 "Equitas, Ujjivan small finance banks: Long-standing demand may soon be met")
Starting a new bank easier than converting an NBFC into one: Umesh Revankar
In a Q&A, the MD of Shriram Transpport Finance, which has an AUM of Rs 1.13 trillion, explains why his company is in no hurry to acquire a banking licence
 "Starting a new bank easier than converting an NBFC into one: Umesh Revankar")
Proposed corporate ownership of Indian banks poses high risks, says S&P
Pointing to the upside from proposed norms, the agency said recommendation to harmonise licensing guidelines for all banks, new and old, will help restore a level playing field for all players
 "Proposed corporate ownership of Indian banks poses high risks, says S&P")
With 1 million followers, RBI most popular central bank on Twitter
A central bank's influence is more measurable in terms of foreign reserves it holds and how it stacks up vis-a-vis other central banks
 "With 1 million followers, RBI most popular central bank on Twitter")
Rajan, Viral Acharya rip apart RBI over bank licences for large corporates
The duo said banks in India are rarely allowed to fail, which helps them garner huge deposits. If banks are owned by industrial houses, it can lead to bad lending
 "Rajan, Viral Acharya rip apart RBI over bank licences for large corporates")
Top headlines: RBI panel under fire, AstraZeneca says Covid shot successful
A vaccine developed by AstraZeneca and the University of Oxford prevented 70% of people from developing the coronavirus in late-stage trials, and more top headlines of the day
 "Top headlines: RBI panel under fire, AstraZeneca says Covid shot successful")
Equitas, Ujjivan: How to trade financials post RBI's ownership guidelines
Bajaj Finserv has surged over 50 per cent in less than 15 sessions.
 "Equitas, Ujjivan: How to trade financials post RBI's ownership guidelines")
Will India's banking system go from being state-dominated to tycoon-led?
From the conditional nature of recommendation by RBI on ownership of private-sector banks, it doesn't appear that the regulator will soon reverse its policy of keeping conglomerates away from banking
Ujjivan Small Fin, IDFC First: Financials rally on RBI's ownership proposal
Equitas Holdings and IDFC were locked in the 20 per cent upper circuit at Rs 63.40 and Rs 40.10, respectively on the BSE
 "Ujjivan Small Fin, IDFC First: Financials rally on RBI's ownership proposal")
