Page 9 - Rbi
Financial institutions should be board-driven, says RBI Dy Guv
Financial institutions should be board-driven and not end up being dominated by individuals as it could lead to undesirable consequences, Reserve Bank Deputy Governor M K Jain has said
 "Financial institutions should be board-driven, says RBI Dy Guv")
High inflation to compel RBI to signal neutral policy stance: S&P
The RBI will likely raise the repo rate by at least 50-75 basis points through FY23, and by another 50 basis points in FY24, the ratings agency said
 "High inflation to compel RBI to signal neutral policy stance: S&P")
RBI's new rules for MFIs to aid profitability, says Crisil Ratings
RBI's new rules for microlenders, who have been deeply impacted in pandemic because of loan losses, will help widen profits by giving such entities greater flexibility in operations, a report said
 "RBI's new rules for MFIs to aid profitability, says Crisil Ratings")
New crypto tax law discriminatory in treating different assets differently
Since 1956, all Indian governments have thought that economic discrimination is fine, but political or social discrimination is not
 "New crypto tax law discriminatory in treating different assets differently")
RBI directs banks and non-banks to geotag payment touch points
Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers
 "RBI directs banks and non-banks to geotag payment touch points")
Russia-Ukraine war: RBI board discusses geopolitical impact on economy
Sources say Indian banks have small exposure to the two warring countries; but oil price surge above $100/bbl mark could impact India's current account deficit and inflation
Gold, asset devaluation pulls India's forex reserve down by $2.597 bn
Reserve Bank of India data showed that India's forex reserves fell to $619.678 billion from $622.275 billion reported for the previous week
 "Gold, asset devaluation pulls India's forex reserve down by $2.597 bn")
RBI releases framework for geo-tagging of payment system touch points
Geo-tagging refers to capturing the geographical coordinates (latitude and longitude) of payment touch points deployed by merchants to receive payments from their customers
 "RBI releases framework for geo-tagging of payment system touch points")
Indian states and their propensity to exaggerate their GSDP numbers
The higher estimate of the GSDP for a state allows the concerned finance minister to project a higher level of expenditure, particularly when revenues are flat
 "Indian states and their propensity to exaggerate their GSDP numbers")
RBI's innovation hub is an investment for the future: Shaktikanta Das
RBIH has been set up as a Section 8 company under the Companies Act, 2013, and has an independent board, with Senapathy Gopalakrishnan as the chairman
 "RBI's innovation hub is an investment for the future: Shaktikanta Das")
Bank investments in AIFs to get same treatment as VCFs, says RBI
The regulator said it had received queries from banks on applicability of the prudential treatment for investment in VCFs to investment in AIFs
SBI group gets RBI nod to increase stake in ICICI Bank to 9.99%
SBI MF owns 5.7% in ICICI Bank; approval valid for one year
 "SBI group gets RBI nod to increase stake in ICICI Bank to 9.99%")
RBI to conduct two VRRR auctions worth Rs 1.5 trillion on Tuesday
Treasury executives say liquidity surplus continues to be sizeable
 "RBI to conduct two VRRR auctions worth Rs 1.5 trillion on Tuesday")
'Return of advance to foreign buyer after 12 months requires RBI nod'
Therefore, please send a suitable request to RBI, through your bank, explaining the reasons for the failure to export and the delay in sending back the advance within one year.
 "'Return of advance to foreign buyer after 12 months requires RBI nod'")
No fear of stagflation, Ukraine war to have minimal impact: RBI Guv
Firmly ruling out the prospects of the economy falling into stagflation Reserve Bank Governor Shatikanta Das said prices are set to fall as impact of ongoing Ukraine war on country seems to be minimal
RBI Governor vows ample liquidity to aid India's economy
RBI has infused Rs 17 trn during past two years and will ensure adequate funds that economy needs, says Shaktikanta Das
 "RBI Governor vows ample liquidity to aid India's economy")
Market rally to continue or is a pullback likely?
Markets rebounded last week, buoyed by a rally in global equities and a dip in commodity prices. This week, investors will track global macros as the UK is slated to release its retail inflation data
 "Market rally to continue or is a pullback likely?")
India's forex reserves dip by $9.64 billion, the biggest drop in 2 years
This sharp decline in the country's foreign currency assets coincides with the week during which the rupee hit an all-time low
 "India's forex reserves dip by $9.64 billion, the biggest drop in 2 years")
RBI expected to prioritise growth over inflationary fears during April meet
The Reserve Bank of India (RBI) is expected to prioritise growth over inflationary fears in its April, 2022 policy meet.
India's forex reserves decline 1.53% by $9.65 bn to $622.27 bn
In the previous week ended March 4, the reserves rose $394 million to $631.92 billion
 "India's forex reserves decline 1.53% by $9.65 bn to $622.27 bn")
