Page 9 - Latest Updates on Reserve Bank of India
FAQ on taxation of cryptocurrencies, virtual digital assets in works
The government is working on an FAQ on taxation of cryptocurrencies, which will give a nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said.
 "FAQ on taxation of cryptocurrencies, virtual digital assets in works")
Inflation expectation, consumer confidence rise, says RBI survey
'For a majority of population and age groups, uncertainty in inflation expectations increased for both three-month and one-year horizons, as compared to the previous survey round' the RBI said
 "Inflation expectation, consumer confidence rise, says RBI survey")
Monetary policy: RBI to revisit KYC rules after digital lending fraud
RBI Governor Shaktikanta Das said the RBI actions on KYC rules have to be in consonance with the Prevention of Money Laundering Act (PMLA)
 "Monetary policy: RBI to revisit KYC rules after digital lending fraud")
Pressure building on banks to raise lending rates, albeit gradually
Real action only after policy rate revision
 "Pressure building on banks to raise lending rates, albeit gradually")
RBI monetary policy review: FY23 inflation projections raised to 5.7%
The projection on inflation is based on the assumption of international crude oil prices of the Indian basket remaining at $100 billion a barrel
 "RBI monetary policy review: FY23 inflation projections raised to 5.7%")
RBI monetary policy review: Revised HTM cap to aid govt borrowing
It is also expected to help in softening the blow from hardening bond yields, bankers and analysts said
 "RBI monetary policy review: Revised HTM cap to aid govt borrowing")
Low interest rate on home loans to boost housing sales, say realtors
Harsh Patodia, president of realtors' body CREDAI, said the RBI's decision of keeping the repo rate unchanged at the historic low of 4% will bring economic development and growth in the country
 "Low interest rate on home loans to boost housing sales, say realtors")
Policy review pragmatic, indicates RBI's concerns on inflation: Bankers
Industry lobby grouping Indian Bank Association's chairman and state-run Punjab National Bank's chief executive and managing director A K Goel sad the moves indicate RBI's "concern on prices"
 "Policy review pragmatic, indicates RBI's concerns on inflation: Bankers")
RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank
A monetary penalty of Rs 93 lakh has been imposed on Axis Bank for non-compliance of certain directions issued by RBI, the regulator said in a release
 "RBI imposes penalties of Rs 93 lakh each on Axis and IDBI Bank")
Rupee up 10 paise to 75.93 vs dollar amid RBI status quo on rates
Announcing the monetary policy, RBI Governor Shaktikanta Das said the Indian economy has large forex reserves and that it stands ready and resolute to defend the economy
 "Rupee up 10 paise to 75.93 vs dollar amid RBI status quo on rates")
RBI trims FY23 growth forecast to 7.2% amid geopolitical uncertainties
The RBI on Friday kept the benchmark interest rate, repo -- at which it lends short term money to banks -- unchanged at 4%
 "RBI trims FY23 growth forecast to 7.2% amid geopolitical uncertainties")
'Turning the policy corner': What experts have to say about RBI decisions
RBI monetary Policy: As the central bank keeps the repo rate unchanged at 4 per cent, here is what the industry experts has to say
 "'Turning the policy corner': What experts have to say about RBI decisions")
FY22 ends with bank credit growth of 8.6%; retail, agri mainstay
FY22 saw the adverse effects of the pandemic until September 2021, followed by a turnaround in credit, especially to industry and retail, from October
 "FY22 ends with bank credit growth of 8.6%; retail, agri mainstay")
Reserve Bank of India nod to banks to open digital banking units
The banking regulator has mandated minimum products and services that banks must offer in these DBUs
Decline and fall
The governor of a central bank must be trusted to act in good faith by the government of the day
 "Decline and fall")
Anonymity in CBDC payments may mostly be same as cash payments: RBI Dy Guv
T Rabi Sankar said it will have to be decided whether achieving anonymity of transactions can be done using technology or the law
 "Anonymity in CBDC payments may mostly be same as cash payments: RBI Dy Guv")
RBI imposes curbs on Shushruti Souharda Sahakara Bank Niyamita
The directions shall remain in force for a period of six months from the close of business on April 7, 2022, and are subject to review, the Reserve Bank said in a statement
RBI issues guidelines for banks to set up 24X7 digital banking units
The Reserve Bank of India on Thursday said existing banks can open digital banking units to offer products and services in both self-served and assisted mode round-the-clock
Markets open, banks shut: Investors suffered after RBI holiday on Feb 7
Markets remaining open during bank holidays isn't uncommon. However, such days are known well in advance.
Inflation woes: 10-year bond yield near 7% ahead of RBI MPC meet
The yield on the 10-year benchmark government bond closed at 6.92 per cent on Wednesday, up from the previous close of 6.90 per cent
