Page 40 - Rbi
Inflation has peaked and is likely to stabilise going forward: RBI
For a one percentage point reduction in inflation, 1.5-2 percentage points of GDP have to be foregone
 "Inflation has peaked and is likely to stabilise going forward: RBI")
HDFC Bank can start issuing credit cards again as RBI eases curbs
Ban on Digital 2.0 programme continues; bank ready with aggressive plan
 "HDFC Bank can start issuing credit cards again as RBI eases curbs")
Reserve Bank of India's FI-Index shows better access to financial services
The RBI had announced the introduction of such an index in its bi-monthly monetary policy statement on April 7
 "Reserve Bank of India's FI-Index shows better access to financial services")
Extent of food items price rise relatively modest in Covid 2nd wave: RBI
The extent of price rise of food items remained relatively modest in the second wave of the coronavirus pandemic as compared to the first wave, said an RBI article
 "Extent of food items price rise relatively modest in Covid 2nd wave: RBI")
RBI allows HDFC Bank to issue new credit cards: Report
However, RBI's ban on the bank introducing new digital initiatives will continue, a source told Reuters
 "RBI allows HDFC Bank to issue new credit cards: Report")
RBI's Index on financial inclusion: A very timely initiative
The index includes 97 attributes that are extensive and one assumes that they cover capital markets insurance and other banking services
 "RBI's Index on financial inclusion: A very timely initiative")
Little more than half of financial inclusion achieved, says RBI's new index
According to RBI's assessment, the FI-Index for the period ending March 2021 is 53.9 as against 43.4 for the period ending March 2017
 "Little more than half of financial inclusion achieved, says RBI's new index")
Indian firms raise bets on floating rate bonds to meet funding needs
The Indian firms are slowly leaning towards floating rate bonds, instead of issuing plain vanilla fixed rate papers to meet their funding needs
 "Indian firms raise bets on floating rate bonds to meet funding needs")
WPI inflation eases to 11.16% in July as food, crude prices soften
However, WPI inflation remained in double digits for the third consecutive month in July, mainly due to a low base of last year. WPI inflation was (-) 0.25 per cent, in July 2020
 "WPI inflation eases to 11.16% in July as food, crude prices soften")
No material impact on card issuers: Nomura on RBI restrictions
The RBI had earlier restricted American Express and Diners Club
 "No material impact on card issuers: Nomura on RBI restrictions")
RBI cancels licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra
The Reserve Bank has cancelled the licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra for not having adequate capital and being unable to pay its present depositors in full
 "RBI cancels licence of Karnala Nagari Sahakari Bank, Panvel in Maharashtra")
Recovery not yet at stage for pulling back liquidity: FM Sitharaman
The finance minister exhorted India Inc to bring in fresh capital to help the government in reviving the economy
 "Recovery not yet at stage for pulling back liquidity: FM Sitharaman")
RBI imposes Rs 1 crore penalty on Cooperatieve Rabobank UA
Reserve Bank of India on Thursday said it has imposed a penalty of Rs 1 crore on Cooperatieve Rabobank UA for deficiencies in regulatory compliances
RBI buys record gold this year: At 700 tonnes, reserves up 27% in 2 years
The central bank's gold reserves stood at 705.6 tonnes as on June 30. The gold reserves were at 558.1 tonnes in the beginning of 2018
 "RBI buys record gold this year: At 700 tonnes, reserves up 27% in 2 years")
YES Bank eyes own asset reconstruction company, invites EoIs from investors
In April, the RBI formed a 6-member panel headed by Sudarshan Sen, former ED, to carry out a comprehensive review of the working of ARCs in the financial sector ecosystem
 "YES Bank eyes own asset reconstruction company, invites EoIs from investors")
RBI's surplus funds can be used for road projects, says Nitin Gadkari
Addressing a virtual CII meet, Gadkari said that the National Highways Authority of India should also have a financial arm such as the Power Finance Corporation
 "RBI's surplus funds can be used for road projects, says Nitin Gadkari")
Global banks unwind India currency trades worth billions after RBI warning
The issue in focus is a flurry of currency swap trades that involved the banks converting rupee-denominated deposits into dollars that were then used to buy foreign sovereign debt
 "Global banks unwind India currency trades worth billions after RBI warning")
Top headlines: Sebi scans Ant group, Novavax vaccine may come to India
Business Standard brings you the top headlines of the day
 "Top headlines: Sebi scans Ant group, Novavax vaccine may come to India")
Low availability of paper, rising interest rate dampen mood in bond market
RBI has issued just Rs 28,000 cr worth of 10-year bonds, cancelling a Rs 14,000 cr auction last Friday in a move being seen as intervention, which bond dealers say did not go well last time
 "Low availability of paper, rising interest rate dampen mood in bond market")
Starting October 1, RBI to levy penalty on ATMs that run out of cash
Penalty of Rs 10,000 per ATM will be levied in the event of a cash-out situation for more than 10 hours in a month
