Page 83 - Latest Updates on Reserve Bank of India
Beyond recapitalisation
Interest waiver will increase financial-stability risks
 "Beyond recapitalisation")
RBI's 'impossible trinity' of problems: rupee, inflation, bond yields
As challenges mount, the central bank will need to strike a fine balance between managing the rupee, domestic liquidity and fiscal financing
 "RBI's 'impossible trinity' of problems: rupee, inflation, bond yields")
New banking bill gives RBI powers to restructure co-operative banks
The new Banking Regulation (Amendment) Bill, 2020, introduced by the government on the first day of the Parliament's Monsoon Session, provides the RBI powers to restructure cooperative banks
 "New banking bill gives RBI powers to restructure co-operative banks")
Three external members of MPC may get a short extension next week
The pandemic situation has prompted the move even as the search committee is looking for fresh external candidates, according to the government sources
 "Three external members of MPC may get a short extension next week")
Debt monetisation by RBI could undermine investor confidence: S&P
S&P said sovereign-bond purchases by central banks in emerging markets have not spooked the markets because investors accept these operations as emergency actions related to the Covid-19 pandemic
Will Sebi's fatwa for multi-cap funds work? Only the market will determine
Sebi's new diktat says multi-cap equity funds must invest a minimum of 75% in equities, up from 65%, with at least 25% each in large-caps, mid-caps, and small-caps
 "Will Sebi's fatwa for multi-cap funds work? Only the market will determine")
Spike in bank frauds: Lag in reporting or weak internal controls?
Bank fraud numbers may not be as bad as they are made out to be, but their detection and reporting need to improve, writes Raghu Mohan
 "Spike in bank frauds: Lag in reporting or weak internal controls?")
Indians' love for things foreign
…is this a virus more dangerous than Covid-19?
 "Indians' love for things foreign")
Covid-19 crisis: Bank credit shrinks by over Rs 54,000 cr in August
According to Reserve Bank of India data, the year-on-year growth in credit was 5.5% for the fortnight ended August 28, 2020
 "Covid-19 crisis: Bank credit shrinks by over Rs 54,000 cr in August")
GST compensation options: 13 states opt for offer, 6 to decide soon
The Centre had last month offered two options to states to compensate them under GST regime
 "GST compensation options: 13 states opt for offer, 6 to decide soon")
The year unconventional monetary policy turned conventional, India to US
With the global recovery still uncertain and the virus set to leave scars on employers and employees, the likelihood is that monetary policy will stay ultra-loose for years to come
 "The year unconventional monetary policy turned conventional, India to US")
RBI remains net purchaser of US dollar in July, buys $15.973 billion
The Reserve Bank continued to remain a net buyer of the US currency in July after it purchased USD 15.973 billion on a net basis from the spot market, according to its monthly bulletin
 "RBI remains net purchaser of US dollar in July, buys $15.973 billion")
Flush with funds, banks show little interest in RBI's repo operations
The cut-off yield was 4 per cent, which is at par with the policy repo rate
 "Flush with funds, banks show little interest in RBI's repo operations")
RBI refuses to sell another batch of 10-year bonds at market ask
This is the third straight auction of 10-year bonds that has devolved, leaving the market perplexed
 "RBI refuses to sell another batch of 10-year bonds at market ask")
Currency in circulation rises 24% as people hoard cash, shows RBI data
Total currency with the public stood at Rs 25.83 trillion as of August 28, as against Rs 23.49 trillion at the end of March 31, 2020
 "Currency in circulation rises 24% as people hoard cash, shows RBI data")
RBI lays down guidelines for banks to appoint chief compliance officers
RBI laid down guidelines for appointment of chief compliance officer (CCO) in banks to ensure uniform approach with regard to compliance and risk management culture across the banking industry
Reserve Bank of India issues new compliance guidelines for banks
RBI issued new guidelines for banks to tighten their compliance functions and ensure that chief compliance officers follow the best industry practices as required by supervisory expectations
Loan restructuring: This time is different
It marks a reversal in the approach to tackling bad loans, but it is not kicking the can down the road
 "Loan restructuring: This time is different")
Managing expectations
EPFO subscribers should be prepared for lower returns
 "Managing expectations")
YES Bank returns Rs 50,000 cr special funding to RBI way ahead of due date
RBI had extended special funding support as a part of restructuring scheme to rescue the ailing bank
 "YES Bank returns Rs 50,000 cr special funding to RBI way ahead of due date")
