Page 80 - Latest Updates on Reserve Bank of India
The task before the new SBI boss
The State Bank of India can be taken to the next level by transforming it into a marketplace to meet the financial needs of its corporate clients across the value chain
 "The task before the new SBI boss")
Loan moratorium case: SC grants Centre, RBI a week to file affidavits
The development comes as the Centre is set to formulate a scheme to waive compound interest for small borrowers during the six-month moratorium period
 "Loan moratorium case: SC grants Centre, RBI a week to file affidavits")
Govt to waive compound interest during moratorium for some loans: Report
Report says government's decision will benefit those clearing their dues on a variety of loans between March and August
 "Govt to waive compound interest during moratorium for some loans: Report")
RBI okays appointment of CoD to run Dhanlaxmi Bank till appointment of CEO
Dhanlaxmi Bank on Thursday said that the RBI has approved a three-member interim committee of directors, headed by G Subramonia Iyer, to run the private sector bank
 "RBI okays appointment of CoD to run Dhanlaxmi Bank till appointment of CEO")
Non-food bank credit growth decelerated to 6% in August, shows RBI data
Non-food bank credit growth decelerated to 6 per cent in August as against 9.8 per cent in the same month last year, RBI data showed on Wednesday.
 "Non-food bank credit growth decelerated to 6% in August, shows RBI data")
RBI fixes Centre's WMA limit for second half of FY21 at Rs 1.25 trn
This is much lower than the quantum earmarked for H1, which was Rs 2 trillion, but way above lasgt years Rs 35,000 cr
 "RBI fixes Centre's WMA limit for second half of FY21 at Rs 1.25 trn")
Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next
How did a profitable bank founded 94 years ago to serve small businesses became a headless institution? Listen to the podcast to know more
 "Turmoil at Lakshmi Vilas Bank: AGM drama, current situation and what next")
Best of BS Opinion: The missing MPC, biodiversity loss, and more
Here's a selection of Business Standard opinion pieces for the day
 "Best of BS Opinion: The missing MPC, biodiversity loss, and more")
How Lakshmi Vilas Bank eroded its wealth amid controversy and losses
How did a profitable bank founded to serve small businesses in 1926 by a group of businessmen from the Vysya community - a trader caste based in southern and central India - come to this pass?
 "How Lakshmi Vilas Bank eroded its wealth amid controversy and losses")
The missing MPC
Delay in appointing external members sends a wrong signal
 "The missing MPC")
Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India
Sebi and RBI had conducted a joint inspection, where they found lapses
 "Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India")
RBI gives more time to avail additional market borrowing, OD facility
The Reserve Bank in April provided additional flexibility to states and Union Territories (UTs) to raise funds to deal with the Covid-19 crisis. The flexibility was available till September 30, 2020.
RBI move to keep yields low shakes bond mkt, leaves participants perplexed
Participants complain RBI hasn't done much to help alleviate stress in market
HC allows plea against Lakshmi Vilas, wants Sebi and RBI replies in 8 weeks
An individual shareholder filed a PIL raising serious of allegations against the bank functioning, asked Court to appoint an administrator
RBI extends enhanced borrowing limit for banks under MSF till March 31
RBI has extended the enhanced borrowing facility provided to banks by six months to meet liquidity shortage till March 31, 2021
 "RBI extends enhanced borrowing limit for banks under MSF till March 31")
Govt failure to appoint MPC members injects more uncertainty in the economy
The Reserve Bank of India deferred its three-day interest-rate meeting due to start Tuesday, without giving any reasons or a new date for its policy decision
 "Govt failure to appoint MPC members injects more uncertainty in the economy")
Best of BS Opinion: India at UN high table, shareholders in action & more
Business Standard opinion pieces for the day, among other things, talk about the issues related to Lakshmi Vilas Bank
 "Best of BS Opinion: India at UN high table, shareholders in action & more")
Shareholders in action
Problems at Lakshmi Vilas Bank should be settled swiftly
 "Shareholders in action")
Performance of MPC 1.0 between 2016 and now explained in three charts
The economy and the affairs between RBI and govt were tumultuous in the four years to 2020. Business Standard takes a look at MPC's performance and its consonance with major macroeconomic indicators
Short of MPC members, RBI announces deferring monetary policy meeting
The central bank didn't give any reason, but the external members for the MPC have not been appointed by the government.
 "Short of MPC members, RBI announces deferring monetary policy meeting")
