Page 75 - Latest Updates on Reserve Bank of India
LVB shareholders to ask RBI to reconsider stand on merger with DBS
The window to make representations to RBI from all manner of stakeholders ends on November 20
 "LVB shareholders to ask RBI to reconsider stand on merger with DBS")
Borrowing costs ease for NBFCs after RBI pumps more cash in credit market
India's central-bank move to pump more cash in the credit market has improved the health of shadow lenders, helping to assuage concerns about their revival prospects
 "Borrowing costs ease for NBFCs after RBI pumps more cash in credit market")
Best of BS Opinion: Making a mockery of arbitration, LVB crisis, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Making a mockery of arbitration, LVB crisis, and more")
Lakshmi Vilas Bank under moratorium; RBI proposes merger with DBS
Withdrawals capped at Rs 25,000 till Dec 16; finances see steady decline as NPAs mount
 "Lakshmi Vilas Bank under moratorium; RBI proposes merger with DBS")
Dhanlaxmi Bank CEO case to test primacy of RBI over banks' shareholders
The removal of CEO Sunil Gurbaxani has led the private banking system into uncharted waters
 "Dhanlaxmi Bank CEO case to test primacy of RBI over banks' shareholders")
RBI allows payment aggregators to maintain additional escrow account
The RBI said that in cases where an additional escrow account is being maintained, credit and debit from one escrow account to the other shall also be permitted.
 "RBI allows payment aggregators to maintain additional escrow account")
RBI sets up innovation hub for financial sector under Kris Gopalakrishnan
The aim of the facility is to create an eco-system that would "focus on promoting access to financial services and products. This will also promote financial inclusion
 "RBI sets up innovation hub for financial sector under Kris Gopalakrishnan")
Kris Gopalakrishnan named first chairperson of Reserve Bank Innovation Hub
The Reserve Bank Innovation Hub (RBIH) was set up to promote innovation across the financial sector
 "Kris Gopalakrishnan named first chairperson of Reserve Bank Innovation Hub")
Forget economy, bond market is happy with liquidity infusion by RBI
Central bank keeping yields soft through OMOs, outright bond purchases; coming out of this won't be easy, say experts
 "Forget economy, bond market is happy with liquidity infusion by RBI")
RBI likely to put its foot down, reinstate Gurbaxani at Dhanlaxmi Bank
RBI's powers under BR Act to decide fate of bank bosses, not Companies Act
 "RBI likely to put its foot down, reinstate Gurbaxani at Dhanlaxmi Bank")
India rate cuts bets fall as recovery gains hold, inflation stays high
With inflation above 7% in Oct for a second straight month, well above RBI's medium term target of 4%, views that India is near the end of the current rate cutting cycle have become more pronounced
Best of BS Opinion: Modi's 'Nehruvian half-blunder', Karnataka by-elections
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Modi's 'Nehruvian half-blunder', Karnataka by-elections")
India's G-secs one of most developed among emerging markets, says RBI
The central bank study says secondary market volume needs to improve
 "India's G-secs one of most developed among emerging markets, says RBI")
RBI policymakers spar over high inflation forecasts, steep yield curve
For months now, inflation has exceeded the central bank's tolerance band and held it back from cutting rates
 "RBI policymakers spar over high inflation forecasts, steep yield curve")
Economic recovery after Covid-19 shock make Samvat 2077 shimmer with hope
Improved economic performance, better corporate earnings, and a likely global economic recovery could be the comforting factors for the markets in Samvat 2077
 "Economic recovery after Covid-19 shock make Samvat 2077 shimmer with hope")
India in historic technical recession, RBI signals in first ever nowcast
"India has entered a technical recession in the first half of 2020-21 for the first time in its history," the authors wrote. The government is due to publish official statistics Nov. 27
 "India in historic technical recession, RBI signals in first ever nowcast")
Economy can recover by Q3, a quarter earlier than expected: RBI study
With increasing demand, and contraction in exports, the trade deficit widened to $8.8 billion in October - the highest in the current fiscal year.
Must commend RBI for defusing NBFC crisis: Former governor Subbarao
The banks don't provide for their bad debts adequately, and take four to five years to provide for them, which creates problems.
 "Must commend RBI for defusing NBFC crisis: Former governor Subbarao")
RBI lifts all curbs on Equitas Small Finance Bank a week after its IPO
The RBI also froze the salary of the SFB's managing director and CEO. This has now been restored at the then existing level.
 "RBI lifts all curbs on Equitas Small Finance Bank a week after its IPO")
RBI Deputy Governor M Rajeshwar Rao delivers new curve ball to NBFCs
Talking about incentives to convert into banks and scaling down on network externalities could mean several things
 "RBI Deputy Governor M Rajeshwar Rao delivers new curve ball to NBFCs")
