Page 77 - Latest Updates on Reserve Bank of India
Real or nominal? Making sense of FM's 'near zero' GDP growth comment
A zero nominal growth rate of GDP would mean the real rate of growth of GDP would be in negative territory.
 "Real or nominal? Making sense of FM's 'near zero' GDP growth comment")
RBI offers LVB committee option to review CEO names proposed by old Board
The Committee of Directors (CoD) comprise of independent directors Meeta Makhan, Shakti Sinha and Satish Kumar Kalra
 "RBI offers LVB committee option to review CEO names proposed by old Board")
Enforce waiver of interest on interest scheme: RBI to lending institutions
The Reserve Bank asked all lending institutions to implement the waiver of interest on interest for loans up to Rs 2 crore for the six months moratorium period beginning March 1, 2020
 "Enforce waiver of interest on interest scheme: RBI to lending institutions")
How Covid-19 disruptions and food inflation have worsened RBI's trilemma
In India, with supply chain disruptions and food prices pushing inflation stubbornly above target, handling the trinity is looking tougher
 "How Covid-19 disruptions and food inflation have worsened RBI's trilemma")
RBI encourages investment in sovereign bonds as part of liquidity measures
The pivot from RBI will help the government, which has said it will sell 1.1 trillion rupees more debt for the fiscal half ending in March
 "RBI encourages investment in sovereign bonds as part of liquidity measures")
RBI's regulation to improve risk management, governance of HFCs: Experts
The Reserve Bank of India's (RBI) revised regulatory framework for the housing finance companies (HFCs) will help them improve risk management and governance and thus become financially sound to withs
 "RBI's regulation to improve risk management, governance of HFCs: Experts")
RBI's debt restructuring scheme sees few takers in corporate world: Banks
Under the scheme, borrowers' accounts will not be downgraded as sub-standard or 'non-performing' if their loans are restructured
 "RBI's debt restructuring scheme sees few takers in corporate world: Banks")
Maintaining the balance
MPC has enhanced the scope of policy debate
 "Maintaining the balance")
MPC minutes on rate cut pause: Propriety of words or a case of much ado?
External member Jayanth R Varma differed on wordings on the stance, while preferring to keep it accommodative for an extended period
RBI board holds review meeting to take stock of economic situation
The meeting, which was held through video conferencing, also deliberated on the issues concerning financial stability in the present context
 "RBI board holds review meeting to take stock of economic situation")
Credit growth inches up to 5.66% in October amid increased activity: RBI
With the unlocking process on course, festival season is expected to lead to further rise in demand for credit
RBI bars payment system operators from launching any new QR codes
Currently, there are two interoperable QR codes -- UPI QR and Bharat QR
 "RBI bars payment system operators from launching any new QR codes")
RBI pegs minimum NOF for housing finance companies at Rs 25 cr
The Reserve Bank of India (RBI) on Thursday fixed the minimum Net Owned Fund (NOF) size for housing finance companies at Rs 25 crore.
India at doorstep of economic revival, says RBI Governor Shaktikanta Das
Indian economy is nearing revival from the Covid-19 pandemic, said RBI Governor Shaktikanta Das, adding it is very important that the financial entities have adequate capital
 "India at doorstep of economic revival, says RBI Governor Shaktikanta Das")
RBI to release on-tap TLTRO funds every Monday, scheme to run till Mar 31
The on-tap TLTRO scheme will remain operational till March 31, and all banks will be eligible to participate
Why the government is not spending
Given the level of economic decline, it is reasonable to expect the government to significantly increase spending and support economic activity
 "Why the government is not spending")
Banks can deploy on-tap TLTRO funds in agriculture, retail and MSMEs: RBI
Liquidity availed by banks under the scheme has to be deployed in corporate bonds, commercial paper and non-convertible debentures issued by the entities in specific sectors
 "Banks can deploy on-tap TLTRO funds in agriculture, retail and MSMEs: RBI")
The dark side of low interest rates
While the low interest rate policy may or may not help with investment, output and employment, it can aggravate, if not cause, financial instability
 "The dark side of low interest rates")
Best of BS Opinion: Ideal product for Covid times, govt's borrowing & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Ideal product for Covid times, govt's borrowing & more")
Lack of capital prevents banks from transferring rate cuts: RBI staff study
Markets do not view banks with low capital favourably and offer funds at a higher rate, says study done independently.
 "Lack of capital prevents banks from transferring rate cuts: RBI staff study")
