Page 36 - Latest Updates on Reserve Bank of India
RBI allows minors above 10 years to open bank accounts independently
Minors of any age can open and operate savings and term deposit accounts through their natural or legal guardian
 "RBI allows minors above 10 years to open bank accounts independently")
RBI mandates 2.5% additional run-off factor on digital retail deposits
Effective April 1, 2026, the final norms could help free up lendable resources by almost ₹3 trillion estimates ICRA
 "RBI mandates 2.5% additional run-off factor on digital retail deposits")
BluSmart users' wallet woes: 'Closed loop' model may pose refund issues
Blusmart may not earn any interest on funds in the escrow account that handles the wallet
 "BluSmart users' wallet woes: 'Closed loop' model may pose refund issues")
RBI directs banks to increase run-off rates for digital deposits
The net impact of these measures will improve banks' liquidity coverage ratio as on December-end by around 6 percentage points, the Reserve Bank of India said in a release
RBI's draft gold loan norms: Compliance cost may rise for lenders
Banks, NBFCs need to adopt standardised documentation across all branches
 "RBI's draft gold loan norms: Compliance cost may rise for lenders")
CD ratio cut won't be as steep in FY26: HDFC Bank MD & CEO Jagdishan
CD ratio of HDFC Bank to return to pre-merger levels (85-90 per cent) in FY27
 "CD ratio cut won't be as steep in FY26: HDFC Bank MD & CEO Jagdishan")
RBI draft directions for exports envisage more powers to authorised dealers
In a significant departure from the practice of giving detailed guidelines, the draft direction merely provides a list of RBI regulations that authorised dealers (ADs) must follow
 "RBI draft directions for exports envisage more powers to authorised dealers")
Ensure liquidity measures transmitted to broader market: RBI Guv to banks
RBI Governor also called banks and primary dealers for their active roles to improve liquidity and pricing for participants like cooperative banks, pension and provident funds with smaller deal sizes
 "Ensure liquidity measures transmitted to broader market: RBI Guv to banks")
India's forex reserves climb for sixth straight week, now at $677.83 bn
This is the sixth consecutive week of a rise in the kitty. The overall reserves jumped by $10.872 billion to $676.268 billion in the previous reporting week ended April 4
 "India's forex reserves climb for sixth straight week, now at $677.83 bn")
RBI's 43-day VRR auction sees tepid demand, gets bids worth ₹25,431 cr
Additionally, the central bank also purchased ₹40,000 crore worth of government securities via the Open Market Operations (OMO) auction
 "RBI's 43-day VRR auction sees tepid demand, gets bids worth ₹25,431 cr")
Borrowers may gain from lower rates under RBI draft co-lending norms: ICRA
RBI has proposed that the blended rate of interest is to be calculated as an average rate of interest derived from the interest rates charged by respective funding regulated entities
 "Borrowers may gain from lower rates under RBI draft co-lending norms: ICRA")
Good Friday Bank Holiday 2025: Banks to remain closed on April 18?
This year, April 18, will be Good Friday in 2025. The RBI schedule indicates that several banks in numerous states will not be open on that day. However, nationwide, it is not a public holiday
150 years of BSE: When the nation witnessed a rally before independence
The concluding part of the Booms and Busts series looks at the share market rally ahead of Independence, and its eventual decline
 "150 years of BSE: When the nation witnessed a rally before independence")
Banks' shares surge on marginally lower than expected hit on net worth
Bank's shares jump 7%; focus now shifts to forensic audit report
 "Banks' shares surge on marginally lower than expected hit on net worth")
DLAI rebrands itself to Unified Fintech Forum as it pursues SRO bid
The body represents 120 members in regulated and unregulated firms engaged in digital financial services
 "DLAI rebrands itself to Unified Fintech Forum as it pursues SRO bid")
IndusInd Bank up 13% in 3 days as PwC pegs lower impact in derivative biz
With the estimates by the external agency in-line with the management's announcement, it is expected to restrict any major downside, ICICI Securities said.
 "IndusInd Bank up 13% in 3 days as PwC pegs lower impact in derivative biz")
Poonawalla Fincorp forays into gold loan biz with quick financing solutions
Poonawalla Fincorp's entry into the gold loan business comes after the Reserve Bank of India (RBI) released draft guidelines on gold loans
 "Poonawalla Fincorp forays into gold loan biz with quick financing solutions")
What drove the rally in IndusInd Bank shares today? Check details here
Foreign Portfolio Investors increased their holding in the bank by nearly 5 percentage points to 29.5% in March 2025 quarter from 24.7% at the end of December 2024 quarter.
 "What drove the rally in IndusInd Bank shares today? Check details here")
RBI's liquidity infusion plan pushes govt bonds to over 3-year highs
Reserve Bank of India will buy bonds worth ₹40,000 crore ($4.67 billion) and will also conduct 43-day repo for ₹1.50 trillion on Thursday
 "RBI's liquidity infusion plan pushes govt bonds to over 3-year highs")
India moves to deepen junk debt market by allowing bad loan securitisation
Reserve Bank of India (RBI) said last week it would now permit market-determined securitisation of stressed assets, besides those loans where repayments were on track
 "India moves to deepen junk debt market by allowing bad loan securitisation")