Page 19 - Latest Updates on Reserve Bank of India
NSFI 2025-30: Strengthening last-mile access, improving financial services
RBI's NSFI 2025-30 aims to deepen financial inclusion with stronger last-mile delivery, gender-sensitive outreach, expanded BC networks, and pilots of programmable CBDC for targeted credit
 "NSFI 2025-30: Strengthening last-mile access, improving financial services")
Razorpay secures RBI's PA-CB licence to enable cross-border payments
Razorpay has received RBI's PA-CB licence, allowing Indian businesses to send and receive cross-border payments easily, supporting exporters and global firms
 "Razorpay secures RBI's PA-CB licence to enable cross-border payments")
India's current account deficit moderates to 1.3% of GDP in Q2FY26
India's current account deficit narrowed sharply in Q2FY26 on lower trade gaps and strong remittances. But a spike in gold imports in October could push the Q3 deficit above 2.5 per cent of GDP
 "India's current account deficit moderates to 1.3% of GDP in Q2FY26")
RBI Deputy Governor bats for T20 agility, Test stability in finance
RBI Deputy Governor Swaminathan J says India's financial system needs both the innovation and speed of T20 cricket and the discipline and longevity of Test cricket
 "RBI Deputy Governor bats for T20 agility, Test stability in finance")
RBI Ombudsman complaints rise 13.6% in FY25, led by loan and card issues
Complaints under the RBI's Integrated Ombudsman Scheme grew to 1.33 million in FY25, driven by grievances over loans, credit cards and mobile banking
 "RBI Ombudsman complaints rise 13.6% in FY25, led by loan and card issues")
RBI appoints Janakiraman as executive director in Department of Supervision
As Executive Director, Janakiraman will look after the Department of Supervision (Risk, Analytics and Vulnerability Assessment), it said. She is a Chartered Accountant, the central bank statement said
 "RBI appoints Janakiraman as executive director in Department of Supervision")
Bank holidays December 2025: Check when banks will be closed in your state
RBI has released the December 2025 bank holiday list, detailing when the banks will be closed across states for regional and national festivals
 "Bank holidays December 2025: Check when banks will be closed in your state")
Stellar growth, low inflation raise questions over need for RBI rate cuts
India's economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, prompting analysts to raise their full-year growth estimates to above 7 per cent
RBI's MPC likely to hold steady on rate, keep neutral stance: BS Poll
OMOs for liquidity infusion expected, say economists
 "RBI's MPC likely to hold steady on rate, keep neutral stance: BS Poll")
'RBI may cut interest rate by 25 bps amid subdued inflation, strong GDP'
The consumer price index (CPI) based headline retail inflation is ruling below the 2 per cent lower band mandated by the government for the last two months
 "'RBI may cut interest rate by 25 bps amid subdued inflation, strong GDP'")
Reserve Bank of India subsumes over 9K norms into 244 master directions
Move aims to ease compliance burden for regulated entities
 "Reserve Bank of India subsumes over 9K norms into 244 master directions")
India's new GDP series in February 2026 to spur IMF rating upgrade
The IMF has 'assured' that its 'C' rating for India's national accounts data will be reassessed once the new gdp series is released in feb 2026
 "India's new GDP series in February 2026 to spur IMF rating upgrade")
Digital banking cannot be made mandatory to access other services: RBI
RBI's new digital banking rules mandate explicit customer consent, prohibit banks from forcing digital channels for accessing other services and tighten risk controls
 "Digital banking cannot be made mandatory to access other services: RBI")
RBI Deputy Governor Swaminathan urges MFI lenders to review pricing
At an MFIN event in Mumbai, RBI Deputy Governor Swaminathan J. said microfinance lenders must ensure pricing reflects cost and risk, improve borrower assessments
 "RBI Deputy Governor Swaminathan urges MFI lenders to review pricing")
RBI expected to cut interest rate to 5.25% as inflation drops: Poll
RBI Governor Sanjay Malhotra said this week that recent economic data suggested there was still scope to cut interest rates
 "RBI expected to cut interest rate to 5.25% as inflation drops: Poll")
Paytm gets final nod from RBI to operate as a payment aggregator
PPSL, a subsidiary of One 97 Communications, has received RBI's final authorisation to operate as a payment aggregator, enabling unrestricted merchant onboarding after earlier curbs were lifted
 "Paytm gets final nod from RBI to operate as a payment aggregator")
Sharp fall in inflation strengthens case for RBI to ease rates again
The MPC reduced the policy repo rate by 100 basis points this year, and its decision in the December meeting will depend largely on how it expects the inflation rate to evolve in the coming quarters
SBI confident of 3% NIM even if RBI cuts rate next week: Chairman Setty
Earlier this week, RBI Governor Sanjay Malhotra said that there is a space for a rate cut and it was mentioned in the last bimonthly policy in October
 "SBI confident of 3% NIM even if RBI cuts rate next week: Chairman Setty")
RBI net sells $21.7 billion in H1FY26, against $85.11 billion in H1FY25
During the current financial year, the RBI was a net buyer of the greenback only in May, while it remained a net seller in the other five months
 "RBI net sells $21.7 billion in H1FY26, against $85.11 billion in H1FY25")
Outward remittances under LRS grew marginally in September: RBI data
Outbound remittances rose slightly to $2.78 bn, even as H1 outflows stayed lower due to weaker education and family transfers
 "Outward remittances under LRS grew marginally in September: RBI data")