Page 34 - Rbi
Citi expects 15 bps reverse repo hike by RBI at next week's MPC meet
Indian stocks, which had been rallying on expectations of continued cheap cash, fell after the Citi forecast was published
 "Citi expects 15 bps reverse repo hike by RBI at next week's MPC meet")
New auto debit rules of RBI to kick in from Friday: What you need to know
Under the new norms, banks will be required to inform customers in advance about recurring payment due and transaction would be carried following nod from the customer
 "New auto debit rules of RBI to kick in from Friday: What you need to know")
RBI takes Indian Overseas Bank out of Prompt Corrective Action framework
IOB was placed under PCA in October 2015 on account of high net-performing assets and negative Return on Assets (RoA).
 "RBI takes Indian Overseas Bank out of Prompt Corrective Action framework")
After RBI's move, card networks may raise rates for tokenisation services
National Payment Council of India chairman says, 'If the networks charge heavily the entire system will fail'
RBI removes Indian Overseas Bank from Prompt Corrective Action framework
IOB is not in breach of PCA parameters as per its March quarter earnings, says RBI
It's the government, not RBI, which will decide when to start tapering
Experts need to look at things that have a bearing on the forthcoming elections, namely, food price inflation and the output gap, especially in the industrial sector, which is important for employment
Bond market sees signals of normalisation in RBI move on 7-day reverse repo
The central bank is tight-lipped about normalisation, even as other global central banks have started sounding hawkish
 "Bond market sees signals of normalisation in RBI move on 7-day reverse repo")
Centre starts talks with RBI to kick off bank privatisation process
The process of bank privatisation would be different from the sale of any other PSU, and more restrictions and measures will have to be put in place, the official said
 "Centre starts talks with RBI to kick off bank privatisation process")
Centre won't hit market to make up for GST compensation shortfall
To borrow Rs 5.03 trillion in Oct-March 2022
 "Centre won't hit market to make up for GST compensation shortfall")
Bank of America-backed ACRE buys 32% stake in Jayaswal Neco Industries
The ARC is backed by other global distressed funds and investors like Davidson Kempner Capital Management, Oaktree Capital and Ares SSG
 "Bank of America-backed ACRE buys 32% stake in Jayaswal Neco Industries")
Reserve Bank of India green focus likely to change way of financing
As the world suffers from unseasonal rains and cyclones, sporadic wildfires lasting days, reducing assets worth billions to ashes, extreme weather events have become a crucial component
 "Reserve Bank of India green focus likely to change way of financing")
Foreign exchange reserves down by $1.47 billion to $639.64 billion
The country's foreign exchange reserves declined by $1.47 billion to $639.642 billion in the week ended September 17, RBI data showed on Friday
 "Foreign exchange reserves down by $1.47 billion to $639.64 billion")
RBI permits lenders to sell fraud loans to ARCs, paves way for resolution
Legal onus regarding reporting, monitoring, filing of complaints with law enforcement agencies will move to the ARCs post the transfer
 "RBI permits lenders to sell fraud loans to ARCs, paves way for resolution")
RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank
The Reserve Bank has imposed a penalty of Rs 79 lakh on Apna Sahakari Bank, Mumbai for non-compliance with certain directions, including on NPA classification
 "RBI imposes Rs 79 lakh penalty on Mumbai-based Apna Sahakari Bank")
RBI announces revised rules for securitisation of standard assets
The Reserve Bank on Friday issued Master Direction on loan transfer, requiring banks and other lending institutions to have a comprehensive board-approved policy for such transactions.
 "RBI announces revised rules for securitisation of standard assets")
Don't see RBI withdrawing ultra-loose policy in FY22: Former DG Gandhi
Gandhi also pointed to RBI DG Michael Patra's recent statement, where he made it clear that the central bank will prefer to have a clearly communicated glide path rather than taking any strong actions
 "Don't see RBI withdrawing ultra-loose policy in FY22: Former DG Gandhi")
RBI to retain cash surplus, may announce GSAP auction: Report
This fiscal year, the RBI has bought bonds worth 2.05 trillion rupees in auctions forming part of its government securities acquisitions programme (GSAP).
New recurring payment norms from Oct 1: Banks, card issuers in a tizzy
Customers are being notified about changes, and alternative methods of payments
Bank deposits rise 12% in FY21 on higher CASA growth: RBI data
Among institutional categories, the household sector held 64.1 per cent share in total deposits
RBI must deal more with consumers, review rules impacting them: CUTS talks
Experts at discussion say approach favouring of banks over consumers may make the latter move away from the digital economy towards cash
 "RBI must deal more with consumers, review rules impacting them: CUTS talks")
