Page 16 - Latest Updates on Reserve Bank of India
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
 "'RBI's $10 bn foreign exchange swap to sail through on corporate demand'")
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")
Restrictions, penalties are last resort: RBI governor Sanjay Malhotra
RBI Governor Sanjay Malhotra said penalties and restrictions are a last resort, stressing collaboration with banks to curb digital fraud and strengthen customer protection
 "Restrictions, penalties are last resort: RBI governor Sanjay Malhotra")
Skydo receives final RBI authorisation for cross-border payments
Skydo's PA-CB-I licence enables it to process cross-border payments, specifically for facilitating inward transactions
 "Skydo receives final RBI authorisation for cross-border payments")
Ways and Means Advances limit for Delhi govt fixed at ₹890 crore: RBI
WMA are temporary advances given by the RBI to the central, state governments and Union Territories to tide over any mismatch in receipts and payments
RBI should hold rates as growth is strong, inflation remains low: PwC
The Reserve Bank is unlikely to cut key policy rate in the next Monetary Policy Committee (MPC) meeting next month, said PwC Partner and Economic Advisory Services leader Ranen Banerjee
Rupee falls to 90.03 against the US dollar amid 500% US tariff risk
The rupee settled at 90.03 per dollar, against the previous close of 89.89 per dollar
 "Rupee falls to 90.03 against the US dollar amid 500% US tariff risk")
Reserve Bank of India mulls fresh steps to provide relief to exporters
Earlier this week, US President Donald Trump warned that tariffs could rise further unless India curbs its Russian oil imports, escalating the pressure as trade talks between the two countries drag on