Page 37 - Rbi
Listed private mfg firms' sales soar 75% in Q1 on low base: RBI data
Sales of 1,647 listed private manufacturing companies recorded "extraordinarily high" growth of 75% in the first quarter of FY'22 mainly due to a very low base in the pandemic-hit year-ago period
 "Listed private mfg firms' sales soar 75% in Q1 on low base: RBI data")
Madhya Pradesh HC stays RBI notification on urban cooperative banks
The Madhya Pradesh High Court has stayed an RBI notification related to appointment and removal of managing directors and whole-time directors in Urban Cooperative Banks (UCBs) operating in states
 "Madhya Pradesh HC stays RBI notification on urban cooperative banks")
Google-Equitas Small Finance Bank deposits deal under RBI's watch
Panel on digital lending may focus on marketplace for banking products
 "Google-Equitas Small Finance Bank deposits deal under RBI's watch")
At FSDC meet, regulators told to keep a watch on financial sector
Officials stress need to strengthen resolution framework for financial institutions
 "At FSDC meet, regulators told to keep a watch on financial sector")
RBI imposes Rs 50 lakh penalty on Bombay Mercantile Co-operative Bank
The Reserve Bank of India (RBI) on Friday said it has imposed a penalty of Rs 50 lakh on Bombay Mercantile Co-operative Bank, Mumbai for deficiency in regulatory compliance.
 "RBI imposes Rs 50 lakh penalty on Bombay Mercantile Co-operative Bank")
RBI nod to Jammu & Kashmir govt to acquire over 16.76 cr shares in J&K Bank
The Reserve Bank has accorded approval to Jammu & Kashmir government to acquire over 16.76 crore shares in J&K Bank on preferential basis. "The RBI vide its letter dated September 2, 2021 has accorded approval to Government of Jammu & Kashmir to acquire 16,76,72,702 fully paid-up equity shares on preferential basis, i.e., up to 74.24 per cent of the post issue paid-up voting equity capital of the bank subject to compliance of regulatory requirements," J&K Bank said in a regulatory filing. In August, the lender had said that Sebi had exempted the Jammu & Kashmir government from complying with its norms on substantial acquisition of shares and takeovers in the proposed acquisition of 16,76,72,702 equity shares (6.06 per cent) of the bank during 2021-22. Earlier on April 1, the bank had said the Jammu & Kashmir government, as its promoter shareholder, has committed to infuse capital of up to Rs 500 crore in the bank. In a separate filing, the lender said it has ...
India's economy is booming after second wave, that's what we have read: SC
Economy is booming in the country after second COVID wave, said SC as it refused to entertain a batch of pleas seeking contempt action against Governor of RBI and senior officials of other banks
 "India's economy is booming after second wave, that's what we have read: SC")
Parliamentary panel to talk divesting RBI of debt management role
Experts say not a good idea when the country is recovering from the Covid crisis
 "Parliamentary panel to talk divesting RBI of debt management role")
HDFC Bank exec says RBI MPC disagreement is no reason to flee market
Investors shouldn't worry about surprise losses and can keep their positions for now
 "HDFC Bank exec says RBI MPC disagreement is no reason to flee market")
Top headlines: Govt plans land sale worth Rs 600 cr, EPF to give tax info
Business Standard brigs the top headlines of the day
 "Top headlines: Govt plans land sale worth Rs 600 cr, EPF to give tax info")
Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv
The account aggregator ecosystem in the country is in a nascent stage and there is a need for its orderly growth, Reserve Bank of India's deputy governor M Rajeshwar Rao said on Thursday.
 "Need to ensure orderly growth of account aggregator ecosystem: RBI Dy Guv")
IMF raises India's special drawing rights allocation to $17.86 billion
SDR is an alternate reserve currency floated by the IMF, which the member countries can freely exchange between themselves
 "IMF raises India's special drawing rights allocation to $17.86 billion")
US normal coinciding with RBI tightening on inflation worrying: Acharya
Former RBI Deputy Governor Viral Acharya on Wednesday said he is worried about US tapering coinciding with RBI's rate tightening, and warned that barring high forex reserves
 "US normal coinciding with RBI tightening on inflation worrying: Acharya")
India's holding of special drawing rights rises to $19.41 billion
The Reserve Bank said India's holding of IMF's Special Drawing Rights (SDR) has gone up to SDR 13.66 billion which is equivalent to $19.41 billion as per exchange rate
 "India's holding of special drawing rights rises to $19.41 billion")
International Monetary Fund hikes SDR allocation to India
SDR is an alternate reserve currency floated by the IMF
 "International Monetary Fund hikes SDR allocation to India")
RBI, govt working to get g-secs included in global indices: Governor Das
He reiterated his stance that G-Sec is a "public good", as it is the benchmark for pricing various instruments in the economy
 "RBI, govt working to get g-secs included in global indices: Governor Das")
Paytm seeks shareholders' nod to create firm for payments business
This follows a directive from the Reserve Bank of India
 "Paytm seeks shareholders' nod to create firm for payments business")
Non-food bank credit grows at 6.2% in July 2021, shows RBI data
The non-food credit bank credit grew at 6.2 per cent in July 2021, compared to 6.4 per cent growth a year ago, RBI data showed.
 "Non-food bank credit grows at 6.2% in July 2021, shows RBI data")
All-India House Price Index slows to 2% in Q1, shows RBI data
The growth in all-India House Price Index (HPI) slowed to 2 per cent in the first quarter this fiscal against 2.8 per cent in the year-ago period, according to RBI data released on Tuesday
 "All-India House Price Index slows to 2% in Q1, shows RBI data")
RBI receives two more applications for SFB licence
Cosmea Financial Holdings Pvt Ltd and Tally Solutions Pvt Ltd have applied to the RBI for an SFB licence
