Page 8 - Latest Updates on Reserve Bank of India
India's forex reserves down $11.7 bn at $716.8 bn on drop in foreign assets
India's foreign exchange reserves fell by $11.7 billion to $716.8 billion in the week ended March 6, mainly due to a decline in foreign currency assets, RBI data showed
 "India's forex reserves down $11.7 bn at $716.8 bn on drop in foreign assets")
If short-lived, conflict unlikely to dent India's macro outlook: Economists
Economists say a brief West Asia conflict may have limited impact on India's macro outlook, though risks could emerge if crude oil prices stay elevated for a prolonged period
 "If short-lived, conflict unlikely to dent India's macro outlook: Economists")
RBI-Esma pact likely to need reboot if India's concerns not resolved
EU regulator's demand to audit Indian central counterparties' books seen as extraterritorial
 "RBI-Esma pact likely to need reboot if India's concerns not resolved")
Oil price shocks: Rupee falls to new intraday low of ₹92.37 a dollar
Currency weakens to a fresh intra-day low as oil prices surge amid West Asia tensions, with RBI stepping in through dollar sales to limit volatility
 "Oil price shocks: Rupee falls to new intraday low of ₹92.37 a dollar")
Draft digital fraud compensation norm: Payout one-time, vigilance still key
Under the draft, an eligible victim will receive 85 per cent of the net loss amount, or ₹25,000, whichever is lower
 "Draft digital fraud compensation norm: Payout one-time, vigilance still key")
RBI governor Malhotra urges steps to strengthen trust in digital payments
RBI Governor Sanjay Malhotra calls for collaborative efforts to boost public confidence in digital payments as the central bank launches a rural awareness pilot
 "RBI governor Malhotra urges steps to strengthen trust in digital payments")
Vinay Tonse joins Yes Bank as MD & CEO designate after RBI approval
Former SBI managing director Vinay Muralidhar Tonse joins Yes Bank as MD & CEO designate for three years and will take charge from incumbent Prashant Kumar in April 2026
 "Vinay Tonse joins Yes Bank as MD & CEO designate after RBI approval")
Jittery bond traders constrain RBI's liquidity management options
The weighted average call rate (WACR) has stayed around 5.07 per cent , since the start of February, even while the policy repo rate remains at 5.25 per cent
 "Jittery bond traders constrain RBI's liquidity management options")
RBI revises counterparty credit risk rules to align with Basel norms
RBI revises counterparty credit risk framework to align with Basel norms, refining capital treatment for derivatives exposures and clarifying rules for clearing members
 "RBI revises counterparty credit risk rules to align with Basel norms")
Global banks push back on RBI's plan for offshore rupee trade reporting
Banks told the RBI the proposal could breach client confidentiality and conflict with data and reporting rules in other jurisdictions
 "Global banks push back on RBI's plan for offshore rupee trade reporting")
Waiver danger: Repeated agricultural loan bailouts must be avoided
Maharashtra's new farm loan waiver may fulfil a poll promise, but repeated debt relief risks weakening credit discipline and straining the state's fiscal balance
 "Waiver danger: Repeated agricultural loan bailouts must be avoided")
Bank fraud: The blind spots of risk control and the culture behind failures
Sophisticated systems track risk, but culture - shaped by incentives and frontline pressures - remains the real control
 "Bank fraud: The blind spots of risk control and the culture behind failures")
Digital lending boom raises risks if credit poorly underwritten: RBI DG
RBI Deputy Governor Swaminathan J cautions that while digital lending and platform-based models expand financial access, weak credit underwriting could deepen borrower distress
 "Digital lending boom raises risks if credit poorly underwritten: RBI DG")
RBI steps up support for rupee, bond markets as crude oil prices surge
Central bank steps into forex and bond markets as rising crude prices threaten inflation, the rupee and government finances
 "RBI steps up support for rupee, bond markets as crude oil prices surge")
West Asia conflict threatens Indian economy's 'Goldilocks' phase
RBI's MPC may face a tough growth-inflation trapeze
 "West Asia conflict threatens Indian economy's 'Goldilocks' phase")
RBI likely selling dollars as rupee weakens amid Iran war, say traders
An over 20 per cent jump in oil prices triggered a broad-based selloff in Asian stocks and currencies on Monday as investors fretted over the deepening conflict in the Middle East
Fino Payments Bank gets RBI nod to name Ketan Merchant its interim CEO
Rishi Gupta's return to office subject to NRC, board reassessment and RBI view
 "Fino Payments Bank gets RBI nod to name Ketan Merchant its interim CEO")
RBI adopts calibrated approach to liquidity management amid tax outflows
The RBI has announced Rs 1 trillion in OMO purchases to cushion tightening from advance tax outflows, even as broader pressures on durable liquidity persist due to forex interventions
 "RBI adopts calibrated approach to liquidity management amid tax outflows")
RBI removes NOFHC requirement for AU SFB's transition to Universal Bank
Instead, the regulator now said the NOFHC structure will be required only if the bank or its promoter proposes to establish any group entity in the future
 "RBI removes NOFHC requirement for AU SFB's transition to Universal Bank")
RBI draft proposes up to ₹25,000 compensation for small digital frauds
RBI's draft rules propose compensation of up to ₹25,000 for digital fraud losses of up to ₹50,000, even in cases of customer negligence, if reported within five days