Page 11 - Latest Updates on Reserve Bank of India
RBI partly accepts suggestions on FBB exposures in LEF and ITE regimes
RBI said FBB exposures to head offices and their branches will fall under LEF, while exposures to other group entities move to the ITE framework, with gross calculation retained
 "RBI partly accepts suggestions on FBB exposures in LEF and ITE regimes")
RBI to tolerate weaker rupee amid trade gap, dollar inflow pressures
By signaling tolerance for a weaker rupee, RBI is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not defend any specific level on rupee
 "RBI to tolerate weaker rupee amid trade gap, dollar inflow pressures")
Short-covering drives rupee towards 90 vs dollar as pressure returns
Hits new closing low of 89.88/$; Hits 89.96/$ intraday
 "Short-covering drives rupee towards 90 vs dollar as pressure returns")
RBI policy in a season of contradictions: Mixed signals ahead of December 5
HSBC economist argues GDP overstated, inflation structural, and currency depreciation acts as a needed shock absorber
In a first, complaints against private banks exceed PSBs in FY25
Private banks drew more complaints than state-owned lenders for the first time in FY25, as overall grievances under RBI's Ombudsman Scheme rose sharply
 "In a first, complaints against private banks exceed PSBs in FY25")
NSFI 2025-30: Strengthening last-mile access, improving financial services
RBI's NSFI 2025-30 aims to deepen financial inclusion with stronger last-mile delivery, gender-sensitive outreach, expanded BC networks, and pilots of programmable CBDC for targeted credit
Razorpay secures RBI's PA-CB licence to enable cross-border payments
Razorpay has received RBI's PA-CB licence, allowing Indian businesses to send and receive cross-border payments easily, supporting exporters and global firms
 "Razorpay secures RBI's PA-CB licence to enable cross-border payments")
India's current account deficit moderates to 1.3% of GDP in Q2FY26
India's current account deficit narrowed sharply in Q2FY26 on lower trade gaps and strong remittances. But a spike in gold imports in October could push the Q3 deficit above 2.5 per cent of GDP
 "India's current account deficit moderates to 1.3% of GDP in Q2FY26")
RBI Deputy Governor bats for T20 agility, Test stability in finance
RBI Deputy Governor Swaminathan J says India's financial system needs both the innovation and speed of T20 cricket and the discipline and longevity of Test cricket
 "RBI Deputy Governor bats for T20 agility, Test stability in finance")
RBI Ombudsman complaints rise 13.6% in FY25, led by loan and card issues
Complaints under the RBI's Integrated Ombudsman Scheme grew to 1.33 million in FY25, driven by grievances over loans, credit cards and mobile banking
 "RBI Ombudsman complaints rise 13.6% in FY25, led by loan and card issues")
RBI appoints Janakiraman as executive director in Department of Supervision
As Executive Director, Janakiraman will look after the Department of Supervision (Risk, Analytics and Vulnerability Assessment), it said. She is a Chartered Accountant, the central bank statement said
 "RBI appoints Janakiraman as executive director in Department of Supervision")
Bank holidays December 2025: Check when banks will be closed in your state
RBI has released the December 2025 bank holiday list, detailing when the banks will be closed across states for regional and national festivals
 "Bank holidays December 2025: Check when banks will be closed in your state")
Stellar growth, low inflation raise questions over need for RBI rate cuts
India's economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, prompting analysts to raise their full-year growth estimates to above 7 per cent
RBI's MPC likely to hold steady on rate, keep neutral stance: BS Poll
OMOs for liquidity infusion expected, say economists
 "RBI's MPC likely to hold steady on rate, keep neutral stance: BS Poll")
'RBI may cut interest rate by 25 bps amid subdued inflation, strong GDP'
The consumer price index (CPI) based headline retail inflation is ruling below the 2 per cent lower band mandated by the government for the last two months
 "'RBI may cut interest rate by 25 bps amid subdued inflation, strong GDP'")
Reserve Bank of India subsumes over 9K norms into 244 master directions
Move aims to ease compliance burden for regulated entities
 "Reserve Bank of India subsumes over 9K norms into 244 master directions")
India's new GDP series in February 2026 to spur IMF rating upgrade
The IMF has 'assured' that its 'C' rating for India's national accounts data will be reassessed once the new gdp series is released in feb 2026
 "India's new GDP series in February 2026 to spur IMF rating upgrade")
Digital banking cannot be made mandatory to access other services: RBI
RBI's new digital banking rules mandate explicit customer consent, prohibit banks from forcing digital channels for accessing other services and tighten risk controls
RBI Deputy Governor Swaminathan urges MFI lenders to review pricing
At an MFIN event in Mumbai, RBI Deputy Governor Swaminathan J. said microfinance lenders must ensure pricing reflects cost and risk, improve borrower assessments
 "RBI Deputy Governor Swaminathan urges MFI lenders to review pricing")
RBI expected to cut interest rate to 5.25% as inflation drops: Poll
RBI Governor Sanjay Malhotra said this week that recent economic data suggested there was still scope to cut interest rates
 "RBI expected to cut interest rate to 5.25% as inflation drops: Poll")