Page 18 - Latest Updates on Reserve Bank of India
MPC should wait for more clarity on inflation before deciding on rate cuts
With GST cuts fuelling festive demand and growth holding strong, the RBI's MPC is likely to stay cautious on rate cuts as it weighs inflation risks and uncertain global trade headwinds
 "MPC should wait for more clarity on inflation before deciding on rate cuts")
Rate cut could be a close call as RBI eyes lower CPI, steady growth view
RBI will pare CPI inflation projection again, but might not change growth estimate for now; dovish undertone likely
 "Rate cut could be a close call as RBI eyes lower CPI, steady growth view")
RBI revises norms for claims settlement of deceased bank customers
The directions are related to the settlement of claims in the deposit accounts of a deceased customer, safe deposit locker and articles in safe custody by the deceased customer
H2FY26 borrowing calendar: G-sec yields set to fall as weekly supply eases
RBI's borrowing calendar extends weekly issuances into March and trims ultra-long supply, with the 10-year yield expected to open below 6.50 per cent on Monday
 "H2FY26 borrowing calendar: G-sec yields set to fall as weekly supply eases")
New RBI rules make banks fully liable if payment safeguards fail: Details
RBI on Digital Transactions Fail: Banks will be responsible for compensating customers if fraud occurs due to them not following authentication process
 "New RBI rules make banks fully liable if payment safeguards fail: Details")
RBI mandates stronger two-factor authentication in new guidelines
RBI has mandated two-factor authentication for all digital payments from April 2026, with guidelines allowing biometrics, tokenisation and risk-based checks alongside OTPs
India's software exports race ahead, but listed IT firms fall behind
India's software exports rose 12.7% in FY25, yet listed IT groups saw only 3.8% growth, with market share slipping as unlisted firms and GCCs expand faster
 "India's software exports race ahead, but listed IT firms fall behind")
RBI renews Statement of Commitment to FX Global Code for FX markets
The Reserve Bank of India has renewed its Statement of Commitment to the FX Global Code, reaffirming adherence to principles promoting integrity in foreign exchange markets
 "RBI renews Statement of Commitment to FX Global Code for FX markets")
September RBI bulletin: Stage is set for 'virtuous cycle' of investment
Net FDI inflows at 38 month high in July; GST rate cut to lower retail prices, boost consumption
 "September RBI bulletin: Stage is set for 'virtuous cycle' of investment")
Outward remittances under LRS fell 11% to $2.45 billion in July: RBI
According to the latest RBI data, the amount remitted under LRS was down from $2.75 billion recorded in July 2024
RBI pushes for return of unclaimed bank deposits over next 3 months
Balances in savings or current accounts that have not been operated for 10 years, or term deposits not claimed within 10 years from the date of maturity, are classified as 'unclaimed deposits'
Sebi, RBI in talks to ease entry processes for foreign investors in India
The changes would include fewer and standardised documentation and less scrutiny on investors that are already regulated in other countries
 "Sebi, RBI in talks to ease entry processes for foreign investors in India")
RBI allows standalone primary dealers to trade in rupee NDF market
RBI has allowed standalone primary dealers to participate in rupee non-deliverable derivative contracts, widening access beyond AD Cat-I banks and IFSC Banking Units
RBI considers allowing lenders to lock borrowers' phone after loan default
Adequate safeguards key for customer protection
CCIL: Taking govt bond and foreign exchange markets to the masses
What NSE and BSE are to the equity market, CCIL is far more than that for the govt bond, foreign exchange and OTC derivative markets
 "CCIL: Taking govt bond and foreign exchange markets to the masses")
Explore infra for trading beyond $-₹ currency pairs: Malhotra to CCIL
RBI's Sanjay Malhotra urges CCIL to broaden forex, derivatives, and tech-driven services to aid rupee internationalisation
 "Explore infra for trading beyond $-₹ currency pairs: Malhotra to CCIL")
RBI pushes banks to slash retail charges, putting billions in fees at risk
In recent weeks, Reserve Bank of India officials have conveyed to banks that it wants a reduction in service charges, including those for debit cards, minimum balance violations and late payments
RBI asks states to spread borrowings across tenures as bond yields surge
In a meeting this week with state government officials, the RBI advised states to spread their borrowing across the yield curve
Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra calls on states to maintain fiscal discipline, improve expenditure quality and borrow responsibly while coordinating closely with the central bank
 "Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra")
RBI sets up regulatory review cell to revisit rules every 5-7 years
RBI has established a regulatory review cell to assess norms every 5-7 years and formed an external advisory group of experts to channel industry feedback into the review process