Page 15 - Latest Updates on Reserve Bank of India
Travel, education drag outward remittances under RBI's LRS in August
India's outward remittances fell 17.7% YoY to $2.6 bn in August 2025, led by lower travel and overseas education spending amid tightening US visa norms
 "Travel, education drag outward remittances under RBI's LRS in August")
Commercial banks may not need RBI approval for floating subsidiaries
Regulator to emphasise on non-duplication of businesses
 "Commercial banks may not need RBI approval for floating subsidiaries")
RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6
The central bank remained a net dollar seller for the fourth straight month as the rupee weakened; REER slipped further, signalling lower currency competitiveness
 "RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6")
ECL framework to improve banks' overall credit culture: Indian Bank CEO
We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, said Indian Bank's CEO Binod Kumar
 "ECL framework to improve banks' overall credit culture: Indian Bank CEO")
Global banks bet billions on deals in India amid US credit jitters
Foreign investors are pouring billions into Indian banks, betting on the country's growth and stability even as global peers grapple with credit losses, trade tensions, and rising financial risks
 "Global banks bet billions on deals in India amid US credit jitters")
Emirates NBD is here for 15-20 years: RBL Bank CEO R Subramaniakumar
The $3 billion deal marks the largest cross-border investment in an Indian private lender, with plans to double RBL's branch network and boost market share
 "Emirates NBD is here for 15-20 years: RBL Bank CEO R Subramaniakumar")
Scope for providing more monetary boost to growth: MPC member Ram Singh
Ram Singh signals potential for multiple rate cuts in FY26-FY27, citing low inflation and scope for accommodative monetary policy to support growth
 "Scope for providing more monetary boost to growth: MPC member Ram Singh")
Yields unlikely to drop sharply; favour short-to-medium bonds: Avnish Jain
25-bps rate cut by December looks likely, but RBI's neutral stance and global uncertainties mean yields may not fall sharply, says Jain
 "Yields unlikely to drop sharply; favour short-to-medium bonds: Avnish Jain")
Credit growth inches up to 11.4% in October 3 fortnight: RBI data
Data from the RBI show outstanding credit in the system stood at Rs 192.66 trillion, while deposits stood at Rs 240.98 trillion.
 "Credit growth inches up to 11.4% in October 3 fortnight: RBI data")
Bank Holiday on Diwali 2025: Check state-wise list of bank closures
Diwali, a five-day festival beginning with Dhanteras on October 18 and ending with Bhai Dooj on October 23, will also bring several bank holidays across states during the festive week
 "Bank Holiday on Diwali 2025: Check state-wise list of bank closures")
RBI initiatives helping cross-border trade, payments: Governor Malhotra
RBI Governor Sanjay Malhotra said linking UPI with global fast payment systems and building sovereign platforms will boost cross-border trade, improve efficiency, and lower costs
 "RBI initiatives helping cross-border trade, payments: Governor Malhotra")
Tata Sons may seek similar relief from RBI as Shanghvi Finance: Lawyers
Tata Sons, meanwhile, repaid ₹20,642 crore in FY23 to become a net debt-free company before seeking declassification as an NBFC, according to its annual report
 "Tata Sons may seek similar relief from RBI as Shanghvi Finance: Lawyers")
RBI doesn't target any specific level of rupee: RBI Gov Sanjay Malhotra
Inflation targeting framework improved credibility, transparency of monetary policy
 "RBI doesn't target any specific level of rupee: RBI Gov Sanjay Malhotra")
MPC Minutes: Members see scope for more rate cuts, await full impact
MPC members see room for easing as inflation cools, but hold rates steady to gauge the full impact of earlier policy steps
 "MPC Minutes: Members see scope for more rate cuts, await full impact")
RBI's liquidity boost falters amid FX market intervention, say analysts
In June, the central bank announced a phased 100-basis-points CRR cut from September to November to release about ₹2.5 trillion ($28.3 billion)
ULI 'turning point' in providing affordable credit: RBI deputy governor
Upcoming digital platform has the potential to achieve transformative impact of UPI, says Swaminathan J
 "ULI 'turning point' in providing affordable credit: RBI deputy governor")
A fine balance for fintech as investors put compliance ahead of valuation
Industry that was touted to overtake legacy banks and financial institutions gets wake-up call
 "A fine balance for fintech as investors put compliance ahead of valuation")
RBI may allow Emirates NBD to acquire controlling stake in RBL Bank
While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval
 "RBI may allow Emirates NBD to acquire controlling stake in RBL Bank")
Rupee recovers from near all-time low on likely intervention by RBI
The local currency settled almost flat at 88.68 per dollar against the previous close of 88.69 per dollar after a choppy trade during the day
 "Rupee recovers from near all-time low on likely intervention by RBI")
High-level panel to review RBI advisory on EPFO's investment practices
The committee with members from RBI, Labour and Finance Ministries will draft a roadmap to improve EPFO's fund management and accounting practices
 "High-level panel to review RBI advisory on EPFO's investment practices")