Topic: Reserve Bank of India

The tilt of the new members is seen as dovish, but market participants don’t see further interest rate cuts. The three-day MPC meeting is under way.

The RBI’s oversight framework, coupled with localisation of payments data, can seriously deter the capacity of the digital payment sector in detecting frauds and ensuring the security of the user in the digital payment ecosystem.

With no govt-led resolution plan yet, crisis-ridden Lakshmi Vilas Bank could get institutional investor support to raise fund. LIC, Aditya Birla Sun Life Insurance, Indiabulls are among its investors.

Under 2016 RBI Act, govt needs to review the inflation target next year but not its framework. Yet, there’s a growing clamour to scrap the system.

In the last week, cash-strapped Lakshmi Vilas Bank has seen shareholders vote out its top management, raising concerns over the proposed merger deal with Clix Capital.

The current account surplus stood at $0.6 billion in the March quarter while there was a current account deficit of $15 billion in the year-ago period.

In the last few years, delay in appointments has resulted in several posts in regulatory bodies and public sector banks lying vacant for months.

RBI is on its third governor in four years and investors are left wondering whether India has become something of a halfway house

The rating agency says India, Mexico, and South Africa are among the banking systems that will be slower to recover to 2019 levels — likely beyond 2023.

RBI’s process to fix the bank hasn’t yielded any results. The bank’s net worth is wiped out and its depositors are struggling with restrictions on withdrawal.