Page 39 - Latest Updates on Reserve Bank of India
Bank credit growth declines sharply to 11% in FY25, shows RBI data
Reserve Bank of India (RBI) data showed deposit growth moderated to 10.3 per cent in the fortnight ended March 21, 2025 (last fortnight of FY25), from 13.5 per cent in FY24
 "Bank credit growth declines sharply to 11% in FY25, shows RBI data")
Union Bank of India to BoI: Large PSBs miss FY25 deposit growth targets
Credit grew faster than deposits
 "Union Bank of India to BoI: Large PSBs miss FY25 deposit growth targets")
Banks park record Rs 4.13 trillion with RBI in standing deposit facility
This marked the highest amount banks have parked in the SDF since its introduction in April 2022
 "Banks park record Rs 4.13 trillion with RBI in standing deposit facility")
FD rate cuts: Hunt for returns but keep liquidity needs, safety in mind
Liquidity infusion by the Reserve Bank of India (RBI) has eased funding pressure on banks
 "FD rate cuts: Hunt for returns but keep liquidity needs, safety in mind")
RBI to issue ₹10, ₹500 notes bearing signature of Governor Malhotra
The RBI said that all banknotes in the denomination of ₹500 in the Mahatma Gandhi (New) Series and ₹10 issued in the past will continue to be legal tender
 "RBI to issue ₹10, ₹500 notes bearing signature of Governor Malhotra")
Broad-based transmission of policy rates still some way off, say experts
RBI has moved liquidity into the surplus side from a deficit four months ago, and some experts feel it may be preparing for monetary transmission before it cuts the repo rate again next week
 "Broad-based transmission of policy rates still some way off, say experts")
Banks propose RBI switch to overnight liquidity management, new benchmark
The 14-day variable rate repo, or reverse repo, has been the RBI's main cash management tool since a change in 2020 that was intended to reduce lenders' reliance on the central bank
 "Banks propose RBI switch to overnight liquidity management, new benchmark")
RBI to cut rates three more times this year on tariff threat, says Citi
India's economy is forecast to grow by 6.7 per cent in the current financial year, according to the central bank's estimate released in February
 "RBI to cut rates three more times this year on tariff threat, says Citi")
RBI maintains FPI investment caps in govt securities, corp bonds for FY26
The Reserve Bank of India (RBI) maintained the existing caps of 6 per cent for government securities, 2 per cent for state government securities and 15 per cent for corporate bonds
Assocham urges RBI to hold rates, advises 'wait and watch' approach
Assocham president Sanjay Nayar emphasised that the RBI has already injected liquidity into the market through various measures
 "Assocham urges RBI to hold rates, advises 'wait and watch' approach")
Run up to MPC review: RBI actively focusing on policy rate transmission
Amid fiscal consolidation, heavy lifting by central bank to support economy
 "Run up to MPC review: RBI actively focusing on policy rate transmission")
RBI's Rs 80,000 cr OMO push drags 10-year government bond yield under 6.5%
State-owned banks rushed to replenish their held-to-maturity (HTM) portfolios ahead of the auctions, further driving yields lower, according to dealers
 "RBI's Rs 80,000 cr OMO push drags 10-year government bond yield under 6.5%")
Govt appoints Poonam Gupta as new RBI Deputy Governor ahead of MPC
The government has appointed NCAER Director General Poonam Gupta as the RBI Deputy Governor for a three-year term
 "Govt appoints Poonam Gupta as new RBI Deputy Governor ahead of MPC")
RBI tells banks to continue joint account for surviving spouse's pension
Spouse entitled for family pension must be survivor
 "RBI tells banks to continue joint account for surviving spouse's pension")
RBI strengthening financial system amid challenges: Governor Malhotra
Central bank's role has expanded significantly beyond initial mandate, he says
 "RBI strengthening financial system amid challenges: Governor Malhotra")
RBI is architect of India's financial transformation: President Murmu
Central bank has ensured financial system's resilience in 'face of any adverse international trends'
 "RBI is architect of India's financial transformation: President Murmu")
Bank Holiday 2025: Will banks remain shut today, April 1? Why?
Major banks across the country will remain closed today due to closure for the previous year's financial year (2024-25). Here's all you need to know
 "Bank Holiday 2025: Will banks remain shut today, April 1? Why?")
RBI to work with govt for 'Goldilocks conditions', says Guv Sanjay Malhotra
The RBI shall continue to be supportive to manage excessive volatility without targeting any particular level or band of exchange rate, said Malhotra
 "RBI to work with govt for 'Goldilocks conditions', says Guv Sanjay Malhotra")
Payment aggregators push back against Juspay Tech's orchestration
Delays, token access hurdles spark industry opposition; open-source move under scrutiny
 "Payment aggregators push back against Juspay Tech's orchestration")
MPC likely to trim rate by 25 basis points in April meet: BS Poll
The RBI will announce the review of the policy meeting on April 9
 "MPC likely to trim rate by 25 basis points in April meet: BS Poll")