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Monday, July 1, 2024
TopicRBI

Topic: RBI

RBI withdraws Rs 2,000 notes from circulation, ‘exchange by 30 September’

The central bank has asked banks to stop issuing the pink notes with immediate effect.

Banks express concern over elevated overnight funding costs, ask RBI to help manage liquidity

The weighted average rate for TREPS, a collateralised form of borrowing, has largely remained around the MSF rate, currently at 6.75%. The RBI's repo rate is at 6.50%.

Bank of Baroda ‘well protected’ for switch to RBI’s loan-loss mechanism, says CEO Sanjiv Chadha

The Indian Banks' Association has asked the RBI to give lenders a year to adhere to the norms.

Annual retail inflation eases to 19-month low at 4.7% on softer food price

Food inflation, which accounts for nearly half of the overall consumer price basket, moderated further to 3.84% compared with 4.79% in the previous month.

India’s cost of adapting to climate change needs seen at $1 trillion by 2030, says RBI report

The country's central bank is expected to set a disclosure framework on climate-related financial risks and guidance on climate scenario analysis and stress testing shortly.

With First Republic Bank, US sees 2nd major banking collapse in 2 months. Fed rate hikes to blame

Interest rate hikes by the US Fed were also at the root of Silicon Valley Bank collapse in March. RBI Governor had last week said the Indian banking sector is resilient & healthy.

Banks should have adequate capital buffers, liquidity, says RBI Governor

Shaktikanta Das' comments come as the collapse of 3 mid-sized US banks in March led to turbulence in the US & European banking sectors, igniting fears of a spillover in India.

RBI’s wider NDF access may require foreign exposure proof, bankers say

The RBI, while announcing its last policy decision, said it will permit banks with IFSC banking units to offer non-deliverable forex derivative contracts involving the Indian rupee to local residents.

Are Adani, Ambani & other biggies behind inflation across sectors? Metal segment shows this isn’t the case

A paper by ex RBI official says dominance of 'Top-5' firms lets them excessively raise prices, but analysis of metal sector shows it's down to raw material costs, global inflation, etc.

Annual wholesale inflation eases to lowest in 30 months at 1.34% on easing input prices

In March, the food index rose 2.32% year-on-year compared with 2.76% in February, while fuel and power rose 8.96%, slowing from the 14.82% rate.

On Camera

Coalition govt shouldn’t shy away from privatisation—just fix the communication strategy

If the reason why PSU privatisation is politically challenging is that the people are swayed by emotional arguments, then it is incumbent on the government to work on its communication

‘Welfarism not a substitute for job creation’ — TeamLease vice-chairman on India’s fiscal planning

TeamLease’s Manish Sabharwal spoke to ThePrint about how political leaders, for the sake of winning elections, make big welfare-related promises without a proper plan to fund them.

Chinese rocket Tianlong-3 crashes after accidental launch during test run

The rocket is comparable to Space X’s Falcon 9 and has been independently developed by Space Pioneer, which has emerged as China’s leading commercial player in the space industry.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.