Page 22 - Latest Updates on Reserve Bank of India
RBI returns Jana SFB's application seeking universal banking licence
Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.
 "RBI returns Jana SFB's application seeking universal banking licence")
Need to promote wider use of digital solutions: RBI Deputy Governor
Swaminathan says steps like ULI facilitate cash-flow-based lending
 "Need to promote wider use of digital solutions: RBI Deputy Governor")
RBI likely to increase the number of NBFCs under upper layer list
RBI may expand the upper layer of NBFCs amid rising size and interconnectedness, bringing more large public and private sector NBFCs under enhanced regulatory norms
 "RBI likely to increase the number of NBFCs under upper layer list")
The changing turf for foreign banks amid selective opening, scrutiny
The move is towards opening up the sector, but selectively, with regulatory scrutiny and special approval
 "The changing turf for foreign banks amid selective opening, scrutiny")
LinkedIn clash: RBI economist accuses SBI of plagiarism in report
An RBI economist accused SBI of plagiarism, saying its Ecowrap report copied RBI's monetary policy research; SBI rejected the claim, calling it 'sensational'
 "LinkedIn clash: RBI economist accuses SBI of plagiarism in report")
Transitioning to ECL framework: A move towards expected loss-based norms
The forward-looking ECL-based allowance (or provision) is applied at origination and for all subsequent reporting periods to financial assets till derecognition
 "Transitioning to ECL framework: A move towards expected loss-based norms")
RBI flags geopolitical tensions as key risk to cross-border payments
The RBI and the Monetary Authority of Singapore (MAS) have operationalised the linking of their respective FPS - UPI and PayNow - respectively in 2023
 "RBI flags geopolitical tensions as key risk to cross-border payments")
CBDC adoption may take 2-3 years as banks struggle with tech, incentives
CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee
 "CBDC adoption may take 2-3 years as banks struggle with tech, incentives")
RBI proposes to make use of UTI mandatory for OTC derivative transactions
The RBI stated that the UTI-generating entity will be determined based on a "waterfall table," which assigns the responsibility for UTI generation in a sequential manner
 "RBI proposes to make use of UTI mandatory for OTC derivative transactions")
Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report
Forex clearing transactions rose from 16.6 lakh transactions worth Rs 466 trillion in 2020 to 26.3 lakh transactions amounting to Rs 885 trillion in 2024
 "Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report")
Digital payments made up 99.7% of transaction volume in 2024: RBI report
The payments ecosystem in India has witnessed remarkable growth in recent years, said the RBI's half-yearly Payment System Report, June 2025
 "Digital payments made up 99.7% of transaction volume in 2024: RBI report")
RBI warns cheap steel imports, dumping threaten India's domestic producers
India's steel imports rose 22 per cent in 2023-24 due to cheaper global prices, but growth slowed in the second half of 2024-25 after safeguard duties were imposed to curb dumping
 "RBI warns cheap steel imports, dumping threaten India's domestic producers")
Large pvt banks see green shoots, expect credit demand revival in H2FY26
Attribute this to fiscal, monetary measures
 "Large pvt banks see green shoots, expect credit demand revival in H2FY26")
Travel, education drag outward remittances under RBI's LRS in August
India's outward remittances fell 17.7% YoY to $2.6 bn in August 2025, led by lower travel and overseas education spending amid tightening US visa norms
 "Travel, education drag outward remittances under RBI's LRS in August")
Commercial banks may not need RBI approval for floating subsidiaries
Regulator to emphasise on non-duplication of businesses
RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6
The central bank remained a net dollar seller for the fourth straight month as the rupee weakened; REER slipped further, signalling lower currency competitiveness
 "RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6")
ECL framework to improve banks' overall credit culture: Indian Bank CEO
We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, said Indian Bank's CEO Binod Kumar
 "ECL framework to improve banks' overall credit culture: Indian Bank CEO")
Global banks bet billions on deals in India amid US credit jitters
Foreign investors are pouring billions into Indian banks, betting on the country's growth and stability even as global peers grapple with credit losses, trade tensions, and rising financial risks
Emirates NBD is here for 15-20 years: RBL Bank CEO R Subramaniakumar
The $3 billion deal marks the largest cross-border investment in an Indian private lender, with plans to double RBL's branch network and boost market share
 "Emirates NBD is here for 15-20 years: RBL Bank CEO R Subramaniakumar")
Scope for providing more monetary boost to growth: MPC member Ram Singh
Ram Singh signals potential for multiple rate cuts in FY26-FY27, citing low inflation and scope for accommodative monetary policy to support growth
 "Scope for providing more monetary boost to growth: MPC member Ram Singh")