Page 14 - Latest Updates on Reserve Bank of India
CCIL: Taking govt bond and foreign exchange markets to the masses
What NSE and BSE are to the equity market, CCIL is far more than that for the govt bond, foreign exchange and OTC derivative markets
 "CCIL: Taking govt bond and foreign exchange markets to the masses")
Explore infra for trading beyond $-₹ currency pairs: Malhotra to CCIL
RBI's Sanjay Malhotra urges CCIL to broaden forex, derivatives, and tech-driven services to aid rupee internationalisation
 "Explore infra for trading beyond $-₹ currency pairs: Malhotra to CCIL")
RBI pushes banks to slash retail charges, putting billions in fees at risk
In recent weeks, Reserve Bank of India officials have conveyed to banks that it wants a reduction in service charges, including those for debit cards, minimum balance violations and late payments
 "RBI pushes banks to slash retail charges, putting billions in fees at risk")
RBI asks states to spread borrowings across tenures as bond yields surge
In a meeting this week with state government officials, the RBI advised states to spread their borrowing across the yield curve
 "RBI asks states to spread borrowings across tenures as bond yields surge")
Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra
RBI Governor Sanjay Malhotra calls on states to maintain fiscal discipline, improve expenditure quality and borrow responsibly while coordinating closely with the central bank
 "Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra")
RBI sets up regulatory review cell to revisit rules every 5-7 years
RBI has established a regulatory review cell to assess norms every 5-7 years and formed an external advisory group of experts to channel industry feedback into the review process
RBI fines PhonePe ₹21 lakh for non-compliance with PPI regulations
RBI penalises PhonePe Rs 21 lakh for failing to report escrow shortfalls under PPI norms, marking its third penalty since 2019 over compliance issues
 "RBI fines PhonePe ₹21 lakh for non-compliance with PPI regulations")
Call for paring govt stake in public sector banks, greater board autonomy
The discussion also touched upon the objective of ensuring that at least two public sector banks feature among the world's top 20 banks
 "Call for paring govt stake in public sector banks, greater board autonomy")
Overleverage in retail loans is a concern, warns JFSL chairman Kamath
K V Kamath warns of overleverage in retail credit as fintechs lend at low scores; RBI data shows rising defaults in unsecured personal loans
 "Overleverage in retail loans is a concern, warns JFSL chairman Kamath")
Exporters, industry bodies knock on RBI's door for US tariff buffer
Exporters and industry bodies sought RBI relief including moratoriums, relaxed NPA norms, and REER settlements to counter the impact of 50 per cent tariffs by the US
 "Exporters, industry bodies knock on RBI's door for US tariff buffer")
RBI likely to grant lenders greater authority for small loan recovery
Last year, the Reserve Bank of India asked lenders to halt locking phones of defaulting borrowers
 "RBI likely to grant lenders greater authority for small loan recovery")
RBI buys 4.16-acres in Nariman Point from Mumbai Metro for Rs 3,472 cr
Central bank has purchased the parcel for self-use and commercial purposes, according to documents
 "RBI buys 4.16-acres in Nariman Point from Mumbai Metro for Rs 3,472 cr")
Inflation targeting has worked for India, but transparency must improve
With fiscal pressures rising worldwide and monetary independence under strain, the anchor must remain
From exporters to bond traders, RBI facing increasing calls to step in
It's a familiar pattern: when local or global forces threaten market equilibrium, the Reserve Bank of India is typically expected to step in
RBI cut US debt, boosted gold reserves even before Trump's tariffs
India's finance minister said last week the RBI was taking a "very considered decision" to diversify reserves - which currently stands at about $694 billion dollars, the fourth-biggest in the world
 "RBI cut US debt, boosted gold reserves even before Trump's tariffs")
PSBs shut 1.5 mn inoperative Jan Dhan accounts in 1-time exercise in April
Launched in August 2014, PMJDY was launched by Prime Minister Narendra Modi as a financial inclusion programme to provide access to banking services to a vast unbanked population
 "PSBs shut 1.5 mn inoperative Jan Dhan accounts in 1-time exercise in April")
Banks urge RBI to extend G-Sec issuances into March amid heavy supply
Urge state bond auction via uniform pricing; more of shorter tenure bonds in H2
 "Banks urge RBI to extend G-Sec issuances into March amid heavy supply")
Ujjivan SFB to raise ₹2,000 crore via QIP; awaits RBI licence decision
Ujjivan SFB will raise Rs 2,000 crore through QIP in 18-24 months to fund growth towards a Rs 1-trillion loan book by FY30 while awaiting RBI's call on a universal bank licence
 "Ujjivan SFB to raise ₹2,000 crore via QIP; awaits RBI licence decision")
New co-lending norms may reduce bank and NBFC volumes in near term
RBI's new co-lending norms may shrink volumes in the short term as NBFCs face tech, cost and compliance hurdles - but lenders expect long-term growth once systems adapt
 "New co-lending norms may reduce bank and NBFC volumes in near term")
Why changing inflation target is fraught with risks for RBI's future policy
The RBI has sought views on four key inflation-targeting issues. Maintaining the status quo is recommended, with the focus on creating conditions to consistently achieve the existing 4% target
 "Why changing inflation target is fraught with risks for RBI's future policy")