Page 2 - Latest Updates on Reserve Bank of 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
 "Ways and Means Advances limit for Delhi govt fixed at ₹890 crore: RBI")
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
The Great Revival: A book that captures the CG Power turnaround story
How an out-of-the-box approach helped the company come back from bankruptcy
 "The Great Revival: A book that captures the CG Power turnaround story")
India's 7.4% GDP growth looks solid but faces a narrower margin for error
In absolute terms at current prices, the economy is projected to attain the size of ₹357.14 trillion, which is marginally higher than the level assumed in the 2025-26 Budget
 "India's 7.4% GDP growth looks solid but faces a narrower margin for error")
Rupee strengthens below 90/$ amid RBI intervention via dollar sales
The local currency settled at 89.88 per dollar, against the previous close of 90.17 per dollar, after touching an intraday high of 89.83 per dollar
 "Rupee strengthens below 90/$ amid RBI intervention via dollar sales")
Govt bond yields soften on better-than-expected cut-offs on SDLs
The yield on the benchmark 10-year government bond settled at 6.61 per cent, against the previous close of 6.64 per cent
 "Govt bond yields soften on better-than-expected cut-offs on SDLs")