Page 35 - Rbi

Rising inequality due to Covid pandemic must be bridged: RBI Governor

Says Covid has asymmetrically affected population, calls for fixing it; also bats for big infra push

Big push to infra, education, healthcare needed for sustainable growth: Das

Shaktikanta Das on Wednesday underlined the need for a big push to infrastructure investment, education and digital economy to achieve sustainable growth and generate jobs in smaller cities.

Govt extends Uday Kotak's term as IL&FS non-exec chairman by 6 months

Kotak, who is also the managing director and chief executive officer of Kotak Mahindra Bank would continue being the non-executive director on the board of IL&FS until April 2, 2022

RBI's communication style leaves room for debate

Now the issue is whether the repo rate in isolation is adequate in the absence of the corridor

RBI to conduct open market purchase, sale of G-secs on Thursday

The Reserve Bank on Monday said it will conduct an open market purchase of government securities aggregating to Rs 15,000 crore under the G-sec Acquisition Programme (G-SAP 2.0) on September 23. On a review of current liquidity conditions, the central bank also decided to conduct a simultaneous sale of government securities under open market operations (OMO) for an aggregate amount of Rs 15,000 crore on the same day. In a statement, the RBI said it will purchase three government securities of different maturity dates amounting to Rs 15,000 crore. It will also sell three government securities amounting to Rs 15,000 on September 23. The central bank further said it reserves the right to decide on the quantum of purchase and sale of individual securities. The result of the auctions will be announced on the same day.

Exports of software services up 2.1% to $148.3 bn in 2020-21: RBI survey

Exports of software services, including services delivered by foreign affiliates of Indian companies, recorded 2.1 per cent growth during 2020-21 and stood at $148.3 billion, as per a RBI Survey

Don't see any major pressure as a result of the taper: Axis MF's Sivakumar

In a Q&A, R Sivakumar says the key drivers of foreign flows in India would be the inclusion of Indian bonds in global fixed-income benchmarks

Centre working on 'backstop facility' to deepen the bond market

Anand Mohan Bajaj said the government is considering a backstop facility which would also be available during non-stress times

Bank licence door likely to stay shut for large industrial houses

RBI's final report, expected in 10 days, set to overrule working group's suggestions

India's forex reserves down by $1.34 billion to $641.113 billion

After reaching a record high in the previous week, the country's foreign exchange reserves declined by $1.34 billion to $641.113 billion in the week ended September 10, 2021, according to RBI data

After govt guarantees, next on NARCL's agenda: Get a licence, build team

Banks identify assets to be moved, but rules need to be framed first: Officials

The Morning Show, Ep 2: Account aggregators, JioPhone Next, and gold prices

Why should RBI be bothered if Equitas ties up with Google Pay? What to expect from JioPhone Next, the world's cheapest 4G smartphone? Should you invest more in gold? Get answers in this episode

Near-term risks persist for private investments, says RBI study

Those in the pipeline can get a fillip from deferred work, increasing overall thrust to private investment

Inflation is moderating faster than foreseen, proves MPC's call right: RBI

The glide path should take inflation down to 5.7% in 2021-22; below 5% in 2022-23, and closer to 4% by 2023-24, said DG Patra

Recent uptick in bank credit growth augurs well for economy: RBI study

The uptick in the credit growth in the recent months notwithstanding the second COVID-19 wave augurs well for the economy, said an article published in the RBI's latest bulletin.

RBI nod to special committee to oversee operations at Ujjivan SFB

The Reserve Bank has given its go-ahead to Ujjivan Small Finance Bank (SFB) to form a special committee of directors to oversee operations in the absence of an MD and CEO. The Reserve Bank of India (RBI) in a letter dated September 15, 2021, has approved the constitution of 'Special Committee of Directors' with three independent directors as its members, Ujjivan SFB said in a regulatory filing on Thursday. The committee will "oversee the operations and administration of the bank in the absence of the Managing Director and CEO with effect from September 16, 2021," it said. Last month, the Bengaluru-based company had appointed old hand Carol Furtado to take charge as officer on special duty (OSD) till September 30, 2021, following the resignation of Nitin Chugh as MD and CEO. She will take charge as the interim CEO from October. "The board of Ujjivan SFB, in parallel, will evaluate suitable candidates for the MD & CEO position, and submit two names to RBI for approval," the lender .

Prospects brightening for economy as 2nd Covid wave wanes: RBI bulletin

Prospects are brightening for the Indian economy achieving "escape velocity" from the pandemic as the second wave of COVID-19 wanes and preparedness for future remains on war-alert status

9.5% growth projection for whole year seems on track: RBI Dy Governor Patra

Reserve Bank will remain in surplus mode and the liquidity management framework will continue in absorption mode, he added

RBI deputy governor Patra sees FY22 inflation at 5.7% or lower

Economists say RBI likely to revise inflation forecast downward in October policy

MF overseas assets jump 3.7x to $2.8 bn in FY21, shows RBI data

Foreign liabilities rise by 50% to $14.5 bn; increase follows a sharp rally in global stocks and growing preference among domestic investors to park in foreign assets