Page 3 - Latest Updates on Reserve Bank of India
RBI surprises market with aggressive pre-open dollar sales, say bankers
The rupee was headed for a largely flat open before the unexpected intervention, with Asian peers showing little reaction to the upside surprise in US payrolls
 "RBI surprises market with aggressive pre-open dollar sales, say bankers")
New CPI index may give RBI reason to keep interest rates on hold
Although inflation remains well below the Reserve Bank of India's 4 per cent target, the new figures could prompt the central bank to hold off on any further rate cuts and push up bond yields further
RBI looks to ban sales incentive to bank staffers from third party
Draft norms seek to curb mis-selling by barring incentives from third parties, mandating refunds and compensation, and prohibiting use of dark patterns
Digital banking should be clear, unambiguous: RBI deputy governor
Deputy Governor Swaminathan J says banks must design digital journeys that clearly inform customers of authorisations, with transparent terms and predictable responses
 "Digital banking should be clear, unambiguous: RBI deputy governor")
Finance Minister Nirmala Sitharaman likely to address RBI board on Feb 23
The government has announced a new roadmap to reduce debt-GDP ratio to about 50 per cent by March 2031 from 55.6 per cent in FY27
 "Finance Minister Nirmala Sitharaman likely to address RBI board on Feb 23")
Fall in outward remittances gives temporary relief to India's CAD
Investments in foreign equity/debt only major category with gains
 "Fall in outward remittances gives temporary relief to India's CAD")
Banks can extend collateral-free loans up to ₹20 lakh to MSEs: RBI
The Reserve Bank of India (RBI) has amended the directions related to 'Lending to Micro, Small & Medium Enterprises (MSME) Sector'
 "Banks can extend collateral-free loans up to ₹20 lakh to MSEs: RBI")
Stable environment: Base-year revisions may not have immediate implications
The RBI's MPC held rates steady, citing improved growth and benign inflation, while announcing regulatory steps to boost credit flow and strengthen digital payment safety
Co-operative banks: RBI's inclusivity pitch runs into regulatory dilemma
The RBI needs to think out of the box vis-a-vis cooperative banks
 "Co-operative banks: RBI's inclusivity pitch runs into regulatory dilemma")
Surge in gold loans not a cause for concern, says Reserve Bank of India
Banks are shifting from unsecured loans to gold-backed lending amid rising gold prices, but RBI says low LTVs and limited exposure pose no systemic risk
 "Surge in gold loans not a cause for concern, says Reserve Bank of India")
PSL classification issue is not a system-wide problem: RBI Governor
Apex bank will issue revised instructions to banks on KCC scheme
 "PSL classification issue is not a system-wide problem: RBI Governor")
RBI nod to direct bank lending to Reits may expedite asset growth
Industry executives note that REITs raise debt by issuing securities subscribed to by mutual funds and non-banking financial companies (NBFCs)
RBI moves to push credit delivery, doubles collateral-free loans to MSMEs
Guv says move is 'indexation for inflation'
 "RBI moves to push credit delivery, doubles collateral-free loans to MSMEs")
RBI to roll out risk-based premium model for deposit insurance from April
The Reserve Bank of India will replace the flat-rate deposit insurance premium with a risk-based framework from April 2026, aiming to reward stronger banks and encourage better risk management
RBI eases norms for small NBFCs, exempts non-customer-facing firms
The Reserve Bank of India has eased compliance for low-risk NBFCs by exempting certain non-customer-facing firms from registration and proposing to drop prior approval norms for branch expansion
Macro fundamentals, including external sector, are strong and healthy: RBI
RBI Governor Sanjay Malhotra says India's macro fundamentals and external sector remain robust as borrowing, liquidity and rate outlook stay comfortable
 "Macro fundamentals, including external sector, are strong and healthy: RBI")
RBI sets up committee to review business correspondent guidelines
The Reserve Bank of India has constituted a committee to review the regulatory framework for business correspondents, with draft guideline amendments to be released soon for public consultation
 "RBI sets up committee to review business correspondent guidelines")
RBI proposes Rs 25,000 compensation for small-value digital frauds
Under a proposed one-time framework, RBI plans to compensate customers for small-value digital frauds up to Rs 25,000, with the central bank and banks sharing the cost
 "RBI proposes Rs 25,000 compensation for small-value digital frauds")
RBI announces stricter fraud rules, mis-selling curbs to protect bank users
The central bank proposed draft rules to curb mis-selling, cap losses from unauthorised digital transactions and tighten recovery practices as part of a wider push to strengthen customer protection
 "RBI announces stricter fraud rules, mis-selling curbs to protect bank users")
India not selling US Treasury holdings despite forex fluctuations: RBI Guv
The country's holdings of long-term US debt had dropped to a five-year low of $174 billion as of November, down 26 per cent from a 2023 peak, according to US government data
 "India not selling US Treasury holdings despite forex fluctuations: RBI Guv")