Page 2 - Latest Updates on Reserve Bank of India
Explained: Why RBI wants to restart UCB licensing after a two-decade pause
After a 20-year freeze, the RBI is preparing to issue new UCB licences as reforms, stronger oversight and improving financial health reshape the cooperative banking sector
 "Explained: Why RBI wants to restart UCB licensing after a two-decade pause")
RBI to issue new draft norms for urban cooperative bank licensing shortly
The proposed framework sets capital, asset quality and governance criteria for cooperative credit societies seeking to become urban cooperative banks after a two-decade pause
 "RBI to issue new draft norms for urban cooperative bank licensing shortly")
SC asks RBI to frame uniform protocol for banks dealing with cyber fraud
The apex court also directed the Centre and states to strengthen measures against digital arrest scams and asked authorities to improve victim compensation and fund recovery
 "SC asks RBI to frame uniform protocol for banks dealing with cyber fraud")
RBI appoints Monisha Chakraborty as executive director from August 3
Former chief general manager-in-charge of the Department of Supervision will oversee the Foreign Exchange Department and Financial Markets Regulation Department
BS poll: 'Cautious' MPC may stick to status quo, retain neutral stance
Most economists expect stance to remain 'neutral'
 "BS poll: 'Cautious' MPC may stick to status quo, retain neutral stance")
Wait-and-watch mode: Why the RBI MPC is likely to hold interest rates
The rate-setting body is likely to remain in wait-and-watch mode as uncertainties continue to cloud the macroeconomic outlook
 "Wait-and-watch mode: Why the RBI MPC is likely to hold interest rates")
Foreign investors buy $8.44 bn debt, equity since RBI's June policy
Foreign portfolio investors have infused $8.44 billion into Indian debt and equity markets since the RBI's June policy measures aimed at attracting overseas capital
 "Foreign investors buy $8.44 bn debt, equity since RBI's June policy")
RBI's special forex swap window outpaces 2013 inflows in only weeks
FCNR(B) deposits contributed $36.7 billion as banks raised nearly $41 billion under the RBI's concessional swap facility in less than two months, exceeding the 2013 mobilisation
 "RBI's special forex swap window outpaces 2013 inflows in only weeks")
Bank holidays in August 2026: Banks to stay closed for 14 days; check list
Bank branches will mark many holidays throughout Aug 2026. Independence Day on Aug 15 will cause nationwide bank shutdowns. Several state-specific festivals depend upon regional
 "Bank holidays in August 2026: Banks to stay closed for 14 days; check list")
$32 bn inflows from India's forex drive yet to lift rupee, boost liquidity
RBI Governor Sanjay Malhotra has said that banks have mobilised $32 billion under recent measures, though the inflows are yet to significantly boost forex reserves, banking liquidity or the rupee
 "$32 bn inflows from India's forex drive yet to lift rupee, boost liquidity")
Rupee is undervalued, says RBI Governor: What it means and why it matters
RBI Governor Sanjay Malhotra says the rupee is undervalued and recent weakness is due to global factors, not India's economy. Here's what it means and why it matters
 "Rupee is undervalued, says RBI Governor: What it means and why it matters")
Bank balance sheets alone can't fund Viksit Bharat ambitions: RBI DG Jain
RBI Deputy Governor Rohit Jain says India must deepen bond, forex and derivatives markets, as bank financing alone cannot support the investment needed for Viksit Bharat
 "Bank balance sheets alone can't fund Viksit Bharat ambitions: RBI DG Jain")
Rupee posts biggest gain in six weeks as oil slump, inflows lift sentiment
Domestic currency outperformed Asian peers as falling crude oil prices, sustained foreign inflows and RBI intervention boosted sentiment and eased pressure
 "Rupee posts biggest gain in six weeks as oil slump, inflows lift sentiment")
RBI intervention lifts rupee to strongest one-day gain in over a month
The Reserve Bank of India's intervention on Monday was fairly large, with the central bank beginning to sell dollars when the rupee traded near 96.15 per dollar
 "RBI intervention lifts rupee to strongest one-day gain in over a month")
Weekly policy watch: Industrial output, RBI bond buyback in spotlight
India's policy calendar this week will track industrial growth, debt management and forex reserves
 "Weekly policy watch: Industrial output, RBI bond buyback in spotlight")
Indian banks have raised $32 billion under dollar-inflow schemes: RBI Guv
Most of the $32 billion raised so far has come from the foreign currency non-resident deposit scheme, Malhotra said
1991 reforms trusted mkts; now RBI should trust exporters and importers
The government responded to a grave foreign exchange crisis by progressively liberalising, rather than perpetuating restrictions on access to foreign exchange and imports
 "1991 reforms trusted mkts; now RBI should trust exporters and importers")
HSBC leads in FCNR (B) deposit mobilisation with over $5 billion
HSBC has mobilised over $5 billion in FCNR(B) deposits under the RBI's swap scheme, leveraging its global network and expanding NRI banking presence in India
 "HSBC leads in FCNR (B) deposit mobilisation with over $5 billion")
Offline payment push: Innovation must include stronger consumer protection
NPCI's offline NFC-based UPI can expand digital payments and financial inclusion, but robust security, fraud safeguards and strong consumer protection must underpin its rollout
 "Offline payment push: Innovation must include stronger consumer protection")
IMF urges stronger AI safeguards as India deepens financial sector adoption
The multilateral institution warned that rapid AI adoption could amplify systemic and cyber risks, urging stronger oversight, governance and international cooperation
 "IMF urges stronger AI safeguards as India deepens financial sector adoption")