Page 32 - Latest Updates on Reserve Bank of India
Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra
The governor said India's domestic growth is supported by stable policies, healthy corporate balance sheets and strong macroeconomic fundamentals that bode well for the economy.
 "Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra")
RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra
While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted.
 "RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra")
RBI sells $34.5 bn in FY25, highest since global financial crisis
RBI sold $34.5 billion in FY25 to stabilise the rupee amid US dollar strength, with forex reserves dipping and experts predicting record surplus transfer to government
 "RBI sells $34.5 bn in FY25, highest since global financial crisis")
RBI eyes interest rate relief for borrowers with co-lending rules
Message conveyed at meet between RBI officials & fintechs
 "RBI eyes interest rate relief for borrowers with co-lending rules")
Govt to have a say in new payments regulatory board with a significant role
RBI governor, as chair of the board, will have casting vote
 "Govt to have a say in new payments regulatory board with a significant role")
Low inflation is India's tailwind, rate cuts need to watch for global risks
It provides policymakers with much-needed room to counter any global shocks
 "Low inflation is India's tailwind, rate cuts need to watch for global risks")
RBI's rate cuts, and expectations of more, can ease your home loan EMI
Lower inflation rates are expected to trigger more rate cuts from the central bank, which will be passed on to consumers in the form of lower interest rates
 "RBI's rate cuts, and expectations of more, can ease your home loan EMI")
NiC rises to Rs 34.8 tn but growth slows with shift to higher notes
Cash usage in India has slowed since the 1990s despite NiC rising to Rs 34.8 trillion in 2024, with increased ATM access and digital adoption impacting demand
 "NiC rises to Rs 34.8 tn but growth slows with shift to higher notes")
Banks seek overnight liquidity ops, easier reserve norms from RBI
RBI's main cash management tool has been the 14-day variable repo since a change in 2020 that was intended to lower banks' reliance on the RBI and push them to better predict their liquidity needs
 "Banks seek overnight liquidity ops, easier reserve norms from RBI")
Outlook for India is one of cautious optimism, says the RBI report
The prospects of bumper rabi harvest and the outlook of an above normal monsoon would further strengthen rural consumption and is also likely to keep food inflation in check
 "Outlook for India is one of cautious optimism, says the RBI report")
Open market operations: The central bank's new communication policy
The approach to managing liquidity and communication policy is yet another manifestation of how the central bank has taken a fresh view on the issue
 "Open market operations: The central bank's new communication policy")
RBI gives in-principle nod to Emirates NBD for India subsidiary setup
Emirates NBD Bank PJSC is currently carrying on banking business in India in branch mode through its branches located in Chennai, Gurugram and Mumbai
RBI cancels licence of HCBL Co-op Bank due to capital, earnings shortfall
The Reserve Bank on Monday said it has cancelled the licence of Lucknow-based HCBL Co-operative Bank as the lender does not have adequate capital and earning prospects.
RBI seeks govt nod for bigger contingent risk buffer band after ECF review
Board to meet on May 23 to decide transferable surplus based on new range
 "RBI seeks govt nod for bigger contingent risk buffer band after ECF review")
Mint Road's enforcement framework shifts focus to governance premium
The woes at IndusInd Bank have put the spotlight back on a key initiative the banking regulator's Enforcement Department set rolling in FY24
 "Mint Road's enforcement framework shifts focus to governance premium")
RBI penalises Deutsche Bank, YES Bank for breaching compliance norms
Deutsche Bank and YES Bank fined ₹50 lakh and ₹29.6 lakh respectively for violating RBI directions on credit reporting and disclosure of customer complaints
 "RBI penalises Deutsche Bank, YES Bank for breaching compliance norms")
India's forex reserves jump $4.5 bn to $690.61 bn on rise in gold assets
For the week ended May 9, foreign currency assets, a major component of the reserves, increased by $196 million to $581.373 billion
 "India's forex reserves jump $4.5 bn to $690.61 bn on rise in gold assets")
Muthoot Finance to go slow on MFI biz amid stress in the segment: MD
George Alexander Muthoot says the firm will prioritise gold loans due to strong demand and regulatory pressure on unsecured lending, as MFI exposure is scaled down
 "Muthoot Finance to go slow on MFI biz amid stress in the segment: MD")
RBI board reviews economic capital framework ahead of surplus transfer
RBI board reviews Economic Capital Framework as part of five-year cycle, with FY25 surplus transfer expected to set a new record amid strong balance sheet gains
 "RBI board reviews economic capital framework ahead of surplus transfer")
RBI pushes lenders to revive funding market vital for monetary policy
While overall money-market turnover has risen to an average $70 billion a day, interbank trades account for just 2 per cent of that, down from 20 per cent a decade ago