Page 14 - Latest Updates on Reserve Bank of India
Currency in circulation rises 11%, nears record ₹43 trillion by mid-May
In absolute terms, CiC expanded by Rs 1.15 trillion during the first one and a half months of FY27, indicating sustained demand for cash despite continued growth in digital payments
 "Currency in circulation rises 11%, nears record ₹43 trillion by mid-May")
RBI set for record dividend transfer to govt, fiscal gap likely to persist
An expected ₹3.05 trillion handover, the midpoint of the poll, would be the highest share of expected government revenue in more than two decades, excluding the fiscal year 2019-2020
 "RBI set for record dividend transfer to govt, fiscal gap likely to persist")
RBI weighs all options including rate hike, forex swaps to stabilise rupee
The next scheduled monetary policy decision is on June 5, although the RBI has previously made an out-of-cycle adjustment in May 2022
 "RBI weighs all options including rate hike, forex swaps to stabilise rupee")
India's shrinking bond yield cushion: Why the US-India spread matters
India's 10-year bond yield premium over the US has narrowed to around 250 basis points, well below its decade average. But does that mean RBI will cut rates? Let's find out
 "India's shrinking bond yield cushion: Why the US-India spread matters")
Is India's inflation targeting too rigid for this oil-shock climate?
A credible framework requires credible measures of price expectations
 "Is India's inflation targeting too rigid for this oil-shock climate?")
Govt defends ₹8,415 crore Yes Bank AT1 bond write down before Supreme Court
Argues in SC that the decision was needed for the bank's survival
 "Govt defends ₹8,415 crore Yes Bank AT1 bond write down before Supreme Court")
RBI to conduct overnight VRR auction to infuse ₹1.25 trillion liquidity
The Reserve Bank of India will conduct an overnight VRR auction on Thursday to manage evolving liquidity conditions and keep overnight rates aligned with the policy repo rate
 "RBI to conduct overnight VRR auction to infuse ₹1.25 trillion liquidity")
Invisible crisis: AI-powered cyber-attacks can endanger financial stability
The IMF warns that AI-powered cyberattacks could threaten global financial stability, exposing vulnerabilities in digital payment systems and banking infrastructure
 "Invisible crisis: AI-powered cyber-attacks can endanger financial stability")
RBI to conduct five-day VRR auction on Wednesday for ₹1.5 trillion
The Reserve Bank of India will conduct a five-day variable rate repo auction to manage evolving liquidity conditions in the banking system
RBI withdraws IFR requirement for banks maintaining market risk capital
RBI eases IFR norms for banks under revised investment portfolio framework
Gunveer Singh elevated as RBI Executive Director with effect from May 18
The Reserve Bank of India has elevated Gunveer Singh as Executive Director to oversee the Department of Payment and Settlement Systems
Gunveer Singh appointed RBI Executive Director with immediate effect
Prior to this, Singh was serving as Chief General Manager-in-Charge of Department of Payment and Settlement Systems of the central bank
Don't think India wants to move towards stringent capital controls: Kotecha
India is in a far healthier position from an economic perspective than it was during the taper tantrum period
 "Don't think India wants to move towards stringent capital controls: Kotecha")
Fintechs set to take fresh guard as reality comes to bite the sector
With funding tightening and regulators increasing scrutiny on risk, firms must move past the growth-at-all-costs model to survive
 "Fintechs set to take fresh guard as reality comes to bite the sector")
RBI relief to NBFCs likely to spur participation in equity markets
New norms, effective from July, exempt smaller NBFCs from registration need
 "RBI relief to NBFCs likely to spur participation in equity markets")
RBI raises trading targets for dealers to improve bond market liquidity
The move underscores the RBI's push to deepen liquidity in sovereign debt, a priority that Governor Sanjay Malhotra highlighted this month
 "RBI raises trading targets for dealers to improve bond market liquidity")
Reserve Bank of India cancels registration of 7 NBFCs, including 2 CICs
Central bank revokes certificates of registration after business exits, merger-related changes and CIC classification adjustments
War turmoil drains Asian reserves with India, Philippines among hardest hit
Philippines has led losses with its stockpile sinking 8.1 per cent since the conflict started to $104 billion, while India's dropped 5.2 per cent to $691 billion
 "War turmoil drains Asian reserves with India, Philippines among hardest hit")
RBI may pay highest-ever dividend to help Centre tackle West Asia crisis
Last year the RBI made a record dividend payout of ₹2.69 lakh crore to the central government for 2024-25, 27 per cent higher than ₹2.11 lakh crore transferred in the previous year
MPC to look through West Asia shock if it's transitory: RBI Governor
Coordination with fiscal policy becomes critical amid 'supply shock as bad as it is', says Malhotra
 "MPC to look through West Asia shock if it's transitory: RBI Governor")