Topic: RBI
How did fintech start-up BharatPe manage to win a banking licence from RBI?
BharatPe’s unexpected bonanza could well set a template for post-Covid recapitalisation of Indian lenders.
Growth, not inflation, has become RBI’s priority after second wave of Covid
Monetary Policy Committee believes the current gains in price growth — fanned by fuel tax hike, higher commodity prices — don’t warrant withdrawal of measures put in place to support recovery.
RBI allows takeover of PMC bank by Centrum Financial Services to set up small finance bank
In September 2019, RBI had placed PMC under regulatory restrictions, including cap on withdrawals by its customers, after detection of certain financial irregularities.
Financial instability looming over India’s banking sector: RBI’s ex-dy governor Rakesh Mohan
Mohan's remarks come days before RBI releases its Financial Stability Report, which will give investors a clearer picture on how banking sector is dealing with an economic downturn.
Inflation will moderate — 5 reasons why you should not worry too much about high prices
The May inflation figure may be somewhat inaccurate, with the rise appearing to be mainly due to higher global crude oil prices, commodity prices, and supply-side disruptions.
India’s record foreign exchange reserves may not be cushion enough, RBI paper says
Forex reserves surged to $605 billion in the week to 4 June as the RBI mopped up dollars flowing into the nation’s booming stock market as well as via foreign direct investments.
Wholesale inflation could break a record today but that’s unlikely to bother RBI much
RBI isn’t thinking about normalisation at the moment, and its rate-setting committee has kept rates unchanged at a record low for more than a year to support growth.
Indian family budgets are stretched, they’re borrowing more. Faster vaccination can fix this
RBI data shows a sharp increase in households borrowing against gold. Other indicators also show higher borrowing. More credit is fine, but vaccination needs priority.
India’s forex reserves are crossing $600 billion & will help deal with global volatility: RBI
The reserves are enough to cover around 15 months of imports and have been bolstered by rising inflows into the booming stock market and foreign direct investments.
Cut petrol, diesel taxes to ease inflation, RBI’s monetary policy panel tells Modi govt, states
RBI announces fresh lending support to aviation, tourism & other sectors as MPC keeps key policy rates unchanged. RBI Governor Das says Covid spread in rural India poses risk to growth.
Sudan’s forgotten pyramids facing danger from shifting sand dunes
Few know that Sudan is home to the largest number of pyramids. Now sandstorms threaten them.
Mukesh Ambani says there is ‘no option’ but to make businesses green
The pivot towards a greener, cleaner version of itself won’t be an easy one for Reliance industries, which got about 60% of revenue from its hydrocarbon-fueled energy operations in FY20-21.
Defence
Induction of Rafale aircraft into Indian Air Force to take place by 2022, says IAF Chief
IAF Chief RKS Bhadauria also said that some deliveries from France have been ahead of time, while minor delays happened with 'one or two' aircraft due to Covid-related issues.
China’s Wuhan story unravels as world’s finest, including from India, nail Covid lab-leak proof
The global hunt for where the virus behind pandemic came from shows science, democracy and a sense of inquiry can overcome politics, ideology and omerta codes.