Reserve Bank Of India

Invisible crisis: AI-powered cyber-attacks can endanger financial stability

The IMF warns that AI-powered cyberattacks could threaten global financial stability, exposing vulnerabilities in digital payment systems and banking infrastructure

RBI to conduct five-day VRR auction on Wednesday for ₹1.5 trillion

The Reserve Bank of India will conduct a five-day variable rate repo auction to manage evolving liquidity conditions in the banking system

RBI withdraws IFR requirement for banks maintaining market risk capital

RBI eases IFR norms for banks under revised investment portfolio framework

Gunveer Singh elevated as RBI Executive Director with effect from May 18

The Reserve Bank of India has elevated Gunveer Singh as Executive Director to oversee the Department of Payment and Settlement Systems

Gunveer Singh appointed RBI Executive Director with immediate effect

The Reserve Bank on Monday promoted Gunveer Singh as Executive Director (ED), the central bank said in a statement. Prior to this, Singh was serving as Chief General Manager-in-Charge of Department of Payment and Settlement Systems of the central bank. His appointment as ED is effective from Monday. As Executive Director, Singh will look after the Department of Payment and Settlement Systems, the RBI said. Singh has over three decades of experience in the Reserve Bank having worked in areas of payment and settlement systems, banking and non-banking supervision, risk monitoring, government banking and other areas. He has also served as a payment systems expert at the Central Bank of Oman. Singh is a Chartered Accountant and a Cost and Works Accountant.

Don't think India wants to move towards stringent capital controls: Kotecha

India is in a far healthier position from an economic perspective than it was during the taper tantrum period

Fintechs set to take fresh guard as reality comes to bite the sector

With funding tightening and regulators increasing scrutiny on risk, firms must move past the growth-at-all-costs model to survive

RBI relief to NBFCs likely to spur participation in equity markets

New norms, effective from July, exempt smaller NBFCs from registration need

RBI raises trading targets for dealers to improve bond market liquidity

The move underscores the RBI's push to deepen liquidity in sovereign debt, a priority that Governor Sanjay Malhotra highlighted this month

Reserve Bank of India cancels registration of 7 NBFCs, including 2 CICs

Central bank revokes certificates of registration after business exits, merger-related changes and CIC classification adjustments

War turmoil drains Asian reserves with India, Philippines among hardest hit

Philippines has led losses with its stockpile sinking 8.1 per cent since the conflict started to $104 billion, while India's dropped 5.2 per cent to $691 billion

RBI may pay highest-ever dividend to help Centre tackle West Asia crisis

The Reserve Bank of India (RBI) is expected to pay the highest-ever dividend to the government, providing the Centre with a fiscal cushion to address challenges arising from the ongoing Middle East crisis, sources said. Last year the RBI made a record dividend payout of Rs 2.69 lakh crore to the central government for 2024-25, 27 per cent higher than Rs 2.11 lakh crore transferred in the previous year. RBI is likely to decide about dividend quantum in its board meeting expected to be held during this month, sources said. The transferable surplus for any financial year is arrived at on the basis of the revised Economic Capital Framework (ECF) as approved by the Central Board of the RBI. The revised framework stipulates that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 7.50 to 4.50 per cent of the RBI's balance sheet. As per the Budget documents, the Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of

MPC to look through West Asia shock if it's transitory: RBI Governor

Coordination with fiscal policy becomes critical amid 'supply shock as bad as it is', says Malhotra

Rupee weakens to record closing low, approaches 96 against the dollar

Persistent importer demand, elevated crude oil prices and West Asia tensions pushed the rupee to a record closing low despite RBI intervention

RBI eases rules for outward remittances; drops prior approval for non-banks

The Reserve Bank on Wednesday removed the prior approval requirement for non-bank entities to form tie-up arrangements for facilitating outward remittance services through banks in India. The central bank has issued an operating framework for facilitating outward remittance services by non-bank entities through Authorised Dealer (Category I) banks in India. "On a review, it has been decided to dispense with the process of granting of the approvals by the RBI for such tie-ups and instead Authorised Dealers are advised to comply with instructions...while facilitating cross-border outward remittance of funds for non-trade current account transactions using a third-party entity in online mode...," the central bank said. Online mode includes a website, online platform, software application, and mobile application. According to a 2016 direction, non-bank entities had to obtain specific approval from the Reserve Bank for tie-up arrangements to facilitate outward remittance services throug

Gold curbs to IMF loans: How India protected its forex reserves in past

PM Modi's austerity appeal recalls how India used gold curbs, NRI deposits, bonds, and IMF loans to protect forex reserves in past crises

Govt mulling emergency measures to protect foreign-exchange reserves

Officials in the Prime Minister's Office and Finance Ministry have held discussions with the Reserve Bank of India on several measures that could be taken to limit the damage from soaring oil prices

RBI steps in to support rupee as Iran war, PM Modi's remarks spook traders

The renewed pressure on Indian markets came after US President Donald Trump on Sunday rejected Iran's response to a US proposal for peace talks to end the war

RBI should dial back rupee intervention, says former Guv Subbarao

Subbarao said raising interest rates, the "ultimate" exchange rate defence, should be the last resort, as the markets could read it as a sign the conflict poses a bigger threat to India's economy

RBI employee protest over new promotion policy to continue this week

The RBI Officers' Association has opposed the central bank's new promotion policy, citing delayed career progression, stagnation and lack of manpower planning