Page 6 - Latest Updates on Reserve Bank of India
RBI needs to ramp up bond purchases as rate cuts fail to cool yields
The benchmark 10-year yield on Monday surged back to nearly the same level seen before the RBI began cutting rates early last year
 "RBI needs to ramp up bond purchases as rate cuts fail to cool yields")
RBI Guv calls for tighter governance, asset oversight in urban co-op banks
In his remarks, Malhotra highlighted the continued relevance of UCBs in credit delivery particularly to the underserved areas and in expanding financial inclusion, RBI said in a statement
 "RBI Guv calls for tighter governance, asset oversight in urban co-op banks")
Govt announces interest subvention scheme for export credit under EPM
RBI notifies interest subvention scheme Niryat Prothsahan, directing banks to extend subsidised pre- and post-shipment export credit under EPM
 "Govt announces interest subvention scheme for export credit under EPM")
Budget should back R&D, create long-term funding institution: MPC member
He said Research, Development and Innovation (RDI) and Anusandhan National Research Foundation (ANRF) are important measures adopted in recent times
 "Budget should back R&D, create long-term funding institution: MPC member")
RBI proposes linking Brics' digital currencies to cut reliance on US dollar
India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of Brics members would be put forward for the first time
 "RBI proposes linking Brics' digital currencies to cut reliance on US dollar")
SBI terminates GMU Kolkata lease; civil society urges RBI to intervene
The notice provides a one-month period to vacate, signalling the bank's intent to leave the premises as part of its plan to consolidate treasury and forex operations in Mumbai
 "SBI terminates GMU Kolkata lease; civil society urges RBI to intervene")
Sebi, RBI working closely on bond derivatives: Tuhin Kanta Pandey
Sebi and RBI are working to introduce bond derivatives to deepen liquidity as the regulator pushes reforms to boost retail participation and strengthen India's bond market
 "Sebi, RBI working closely on bond derivatives: Tuhin Kanta Pandey")
RBI to set up central complaints processing centre under Ombudsman Scheme
Complaints filed online will be registered on the RBI's Complaint Management System portal, while those received through email or post will be processed centrally by the CRPC
 "RBI to set up central complaints processing centre under Ombudsman Scheme")
RBI mandates auto transfer of unresolved plaints to internal ombudsman
The RBI has directed banks and eligible NBFCs to automatically escalate partially resolved or rejected complaints to the internal ombudsman and convey final decisions within 30 days
Japan's SMBC gets RBI's in-principle nod for wholly owned arm in India
The in-principle approval allowed the bank to set up the wholly owned subsidiary through the conversion of its existing branches in the country
 "Japan's SMBC gets RBI's in-principle nod for wholly owned arm in India")
Bank holiday today: Are banks closed on Jan 14 for Makar Sankranti 2026?
For the same festivals, banks in India celebrate holidays on various dates. For Makar Sankranti and Magh Bihu, banks in Gujarat, Odisha, Assam, and Arunachal Pradesh will be closed on Jan 14, 2026
 "Bank holiday today: Are banks closed on Jan 14 for Makar Sankranti 2026?")
RBI may introduce licensing regime for corporate business correspondents
Currently, fintechs operating in the segment are not directly regulated by the RBI, with partner banks assuming responsibility for the actions of the companies they contract
 "RBI may introduce licensing regime for corporate business correspondents")
UPI user base can more than double to 1 billion: RBI Deputy Governor
Citing an example of Kenya, the RBI Deputy Governor said, digital transaction per person in Kenya is roughly double than what India has
 "UPI user base can more than double to 1 billion: RBI Deputy Governor")
Banks must ensure year-round operational discipline: RBI deputy governor
Also, as AI and analytics become more embedded, institutions should be prepared for more intensive supervisory questions on model risk, explainability, and fairness, Swaminathan said
 "Banks must ensure year-round operational discipline: RBI deputy governor")
Bain Capital's plan to acquire Manappuram Finance delayed by RBI concerns
Bain received approval for the Manappuram deal, which was announced last March, from India's market regulator and the competition commission but the RBI is the final authority for the clearance
 "Bain Capital's plan to acquire Manappuram Finance delayed by RBI concerns")
'RBI's $10 bn foreign exchange swap to sail through on corporate demand'
The swap involves the RBI buying dollars and injecting rupees in the first leg, which will be settled on Friday, before reversing the transaction three years down the line
Indian economy faces five headwinds that leave no margin for error
Markets look calm, but five forces-rising debt, slowing revenues, weak savings, geopolitics and populism-signal a tougher growth phase for India
 "Indian economy faces five headwinds that leave no margin for error")
Have SFBs really provided the breakthrough they were intended for?
While small finance banks are solvent and working well, we need to ask if there has been a breakthrough in stretching the inclusion agenda beyond MFIs
 "Have SFBs really provided the breakthrough they were intended for?")
India's foreign exchange kitty down $10 bn, sharpest in over a year
The previous largest weekly decline was recorded in the week ended November 15, 2024
 "India's foreign exchange kitty down $10 bn, sharpest in over a year")
Fiscal prudence restoring room for counter-cyclical policy: Shaktikanta Das
India's fiscal discipline and multiple structural strengths are creating a powerful growth multiplier, restoring policy headroom and boosting global confidence, says Shaktikanta Das
 "Fiscal prudence restoring room for counter-cyclical policy: Shaktikanta Das")