Clipped from: https://indianexpress.com/article/opinion/editorials/first-price-stability-8025557/ MPC members are yet to elaborate on what their expectations of the terminal rate is, considering the long lags, the committee must front-load
Category: RBI–Banks
*RBI may hike interest rate by 25-35bps in Aug meeting; Inflation likely to cool off on easing commodity prices | The Financial Express
Clipped from: https://www.financialexpress.com/economy/rbi-may-hike-interest-rate-by-25-35bps-in-aug-meeting-inflation-likely-to-cool-off-on-easing-commodity-prices/2592537/?ref=Must_Read The MPC has already raised the repo rate by 90bps to 4.90% and is scheduled to meet Aug 2-4. On the basis of
*PSBs set to go live on account aggregator platform soon – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/psbs-set-to-go-live-on-account-aggregator-platform-soon/article65630474.ece SBI, Canara Bank, Punjab National Bank, and Indian Bank have started their implementation The account aggregator ecosystem is set to get a major
*****Major PSU banks to go live on account aggregator system by July-end | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/major-psu-banks-to-go-live-on-account-aggregator-system-by-july-end-122071200973_1.html SBI and BoB are expected to go live by the deadline; PNB and Union Bank of India are already live on the ecosystem
From magnetic stripe to chip to tokenisation: How will RBI’s new measure make cards safer? | The Financial Express
Clipped from: https://www.financialexpress.com/money/from-magnetic-stripe-to-chip-to-tokenisation-how-will-rbis-new-measure-make-cards-safer/2591843/ To make the cards secure and safeguard the card users, RBI has taken several steps over the years with the advancement in technologies
The scam faultline is damaging Indian banking – The Hindu
Clipped from: https://www.thehindu.com/opinion/op-ed/the-scam-faultline-is-damaging-indian-banking/article65628245.ece More steps to prevent frauds are needed which include tightening the internal and external audit systems of banks ‘While the Government of India
Banks to report mark-to-market losses of Rs 13,000 crore on rising bond yields: Report – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-to-report-mark-to-market-losses-of-rs-13000-crore-on-rising-bond-yields-report/articleshow/92827930.cms Synopsis The banks have a higher holding of government securities, especially the ones with longer tenors, in their investment portfolios due to which
RBI allows international trade settlement in Rupee – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-allows-international-trade-settlement-in-rupee/article65627903.ece This comes even as the rupee sank to new low; may help in trade with countries such as Russia, Iran and Sri Lanka
Negative interest rate and financial repression | Business Standard Column
Clipped from: https://www.business-standard.com/article/opinion/negative-interest-rate-financial-repression-122071000281_1.html?code=NTM4OTU9MTIyMDcxMDAwMjgx Investments drive growth but how will investors get funds if the savings pile shrinks with no incentive to save in a negative interest
*******Inflation to ease gradually in H2 this year : RBI Governor – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/economy/inflation-to-ease-gradually-in-h2-rbi-governor/article65619520.ece Will ensure soft landing, says Shaktikanta Das RBI (Reserve Bank of India) Governor Shaktikanta Das on Saturday expressed optimism that inflation would come
*Banks working with CEIB on data sharing to curb frauds – The Economic Times
Clipped from: https://economictimes.indiatimes.com/industry/banking/finance/banking/banks-working-with-ceib-on-data-sharing-to-curb-frauds/articleshow/92733262.cms Synopsis “We will have a uniform format for obtention of information and further aim towards digitisation of the whole information network, so that
*******Need to recognise global factors in inflation and policy coordination, says RBI governor – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/indicators/need-to-recognise-global-factors-in-inflation-and-policy-coordination-says-rbi-governor/articleshow/92767751.cms Synopsis Das reiterated that RBI endeavors to bring down the inflation closer to the target of 4% with a moderate slowdown to output
*****Shoring up early: RBI’s measures to attract dollars are a prudent call. Good news is that commodity prices are falling–TIMES OF INDIA
Clipped from: https://timesofindia.indiatimes.com/blogs/toi-editorials/shoring-up-early-rbis-measures-to-attract-dollars-are-a-prudent-call-good-news-is-that-commodity-prices-are-falling/ TOI Edit– Times of India’s Edit Page team comprises senior journalists with wide-ranging interests who debate and opine on the news and issues
*****RBI’s innovative approach to control the fall in rupee is commendable | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/rbi-s-innovative-approach-to-control-the-fall-in-rupee-is-commendable-122070601027_1.html The efficacy of the central bank’s steps will be seen in the coming days Madan Sabnavis is Chief economist, Bank of Baroda. The
What RBI’s letter to govt on missing inflation target is likely to contain | Business Standard News
Clipped from: https://www.business-standard.com/article/economy-policy/what-rbi-s-letter-to-govt-on-missing-inflation-target-is-likely-to-contain-122070601155_1.html?utm_source=Spotlight&utm_medium=website&utm_campaign=Newsletter_11072018 Failure to keep inflation between 2-6% for three straight quarters will require RBI Governor to explain to FinMin why target was missed, and
*****RBI measures a step in right direction but forex inflows still seen limited | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-steps-may-not-be-game-changer-but-could-address-widening-cad-122070601278_1.html RBI announced five measures pertaining to the liberalisation of foreign exchange flows into India The RBI lifted the requirement of Statutory Liquidity Ratio
*****Why did the RBI crackdown on BNPL companies? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/money-and-banking/why-did-the-rbi-crackdown-on-bnpl-companies/article65602974.ece Sources say they misled customers by not disclosing loans taken in the customer’s name Industry insiders say many ‘buy now, pay later’ (BNPL)
*******RBI should intervene less, let rupee depreciate gradually: D Subbarao | Business Standard News
Clipped from: https://www.business-standard.com/article/finance/rbi-should-intervene-less-let-rupee-depreciate-gradually-d-subbarao-122070400546_1.html In a Q&A, the former RBI Governor says the situation is very different from the Taper Tantrum and that the rupee has actually
*****Credit ratings info only where it’s due – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/credit-ratings-info-only-where-its-due/articleshow/92661857.cms Synopsis Reportedly, rating agencies also expect Sebi to deal with the pitfalls of rating companies that do not share their financials. Earlier, the
*Need another out-of-turn rate hike | The Financial Express
Clipped from: https://www.financialexpress.com/opinion/need-another-out-of-turn-rate-hike/2581070/ That may surprise the market enough to give the rupee some breathing room and a little upward momentum, even if temporary. Today, 16%
