Page 78 - Latest Updates on Reserve Bank of India
Bridge the gap
Centre's decision to borrow doesn't fully address the GST issue
 "Bridge the gap")
The new orthodoxy
Developed countries may be permanently ending austerity
How RBI can strengthen regulation and supervision
The upgrade of the offsite surveillance system is welcome, but it should not have coincided with the dilution of the rigour of onsite examination
 "How RBI can strengthen regulation and supervision")
RBI to conduct first OMO for state bonds worth Rs 10,000 cr on Oct 22
Size may be enhanced in the subsequent auctions depending on market response
 "RBI to conduct first OMO for state bonds worth Rs 10,000 cr on Oct 22")
Indian Bank launches e-facility for restructuring of personal loans
State-run Indian Bank said it has launched a facility on its website for its personal loan borrowers to submit the requests for restructuring of their loans under RBI's one-time loan recast norms.
 "Indian Bank launches e-facility for restructuring of personal loans")
RBI move to allow loan recast at project level to benefit realtors: Experts
Move will help restart projects stuck due to Covid-19. Both buyers and developers will stand to gain when these projects eventually see the light of day
 "RBI move to allow loan recast at project level to benefit realtors: Experts")
RBI fields FaQs on loan recast, clears air over OTR, loan against property
Says outstanding debt on date of invocation will be eligible for restructuring under regulatory scheme for borrowers facing financial stress due to Covid-19
 "RBI fields FaQs on loan recast, clears air over OTR, loan against property")
Only standard loan accounts as of March 1 eligible for recast: RBI
The RBI has clarified that loans which have remained standard without any defaults as of March 1, 2020, will be eligible for restructuring under the pandemic-related resolution framework issued in Aug
 "Only standard loan accounts as of March 1 eligible for recast: RBI")
Retail inflation at 8-month high in September; August IIP in negative zone
Industrial activity bore the brunt of localised lockdowns and work restrictions in August, chipping away nearly a tenth of the factory output
 "Retail inflation at 8-month high in September; August IIP in negative zone")
RBI deputy governor Rajeshwar Rao to handle regulation department
After Vishwanathan demitted office in March, these departments were allocated to the remaining three deputy governors
Rs 11.1 trillion: Amount RBI pumped into banking system to boost liquidity
It pared repo rate by 40 bps on May 22, on top of a 75 bps cut on March 27, brought liquidity enhancing steps that stabilised bond yields even in the face of a Rs 12 trn borrowing programme
 "Rs 11.1 trillion: Amount RBI pumped into banking system to boost liquidity")
RBI announces portfolios of deputy guvs, M Rajeshwar Rao gets regulation
Rao was executive director of the Reserve Bank before being elevated to the post of deputy governor. He took the new charge last week
Best of BS Opinion: Financial offences, new MPC's first policy, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: Financial offences, new MPC's first policy, and more")
RBI move to conduct OMO on state development loans could be a game changer
By facilitating the OMOs, the central bank is assuming a much bigger role than earlier. Some have started comparing the RBI with European Central Bank
Tough balancing act
RBI has a difficult task of meeting multiple targets
Demand recovery hope, price hikes brighten outlook of cement players
UltraTech, Shree Cement, JK Cement, and Ambuja Cements among analyst picks
 "Demand recovery hope, price hikes brighten outlook of cement players")
Digital payments rise at 55% CAGR vy volume in five years to FY20: RBI data
By value, they have grown from Rs 920.38 trillion to Rs 1,623.05 trillion, clipping at a CAGR of 15.2%
 "Digital payments rise at 55% CAGR vy volume in five years to FY20: RBI data")
Can't extend loan moratorium as it may affect credit discipline: RBI to SC
RBI said, a long moratorium exceeding six months can impact the credit behaviour of borrowers and increase the risks of delinquencies post resumption of scheduled payments
 "Can't extend loan moratorium as it may affect credit discipline: RBI to SC")
Best of BS Opinion: The TRP trap, three cheers for RBI's policy & more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: The TRP trap, three cheers for RBI's policy & more")
RBI policy review: Pause on rate, fast-forward on liquidity to back growth
RBI's accommodative policy may benefit companies as India heads into the festive season
 "RBI policy review: Pause on rate, fast-forward on liquidity to back growth")
