Page 29 - Latest Updates on Reserve Bank of India
Trump's trade war tougher test for emerging markets than Covid crisis: IMF
IMF's Gita Gopinath says emerging market central banks face more complex challenges amid Trump tariff shocks, capital flight risk and rate dilemmas
 "Trump's trade war tougher test for emerging markets than Covid crisis: IMF")
RBI likely to cut rates for third time as inflation stays below forecast
A strong majority of economists, 53 of 61, in a Reuters poll expect the Reserve Bank of India's monetary policy committee (MPC) to cut the repo rate to 5.75 per cent
 "RBI likely to cut rates for third time as inflation stays below forecast")
RBI can back growth with ease; urban demand is low but so is inflation
The GDP growth has improved sharply to 7.4 per cent in Q4 (January-March, 2025), taking the full-year growth for FY25 to 6.5 per cent
 "RBI can back growth with ease; urban demand is low but so is inflation")
Banks make a killing from TREPS, standing deposit facility arbitrage
The SDF window, which came into effect from April 2022, offers 25 bps lower than the policy repo rate
 "Banks make a killing from TREPS, standing deposit facility arbitrage")
Datanomics: Govt betters fiscal deficit target despite lower tax receipts
The credit goes to higher GDP in nominal terms than considered by the Budget
 "Datanomics: Govt betters fiscal deficit target despite lower tax receipts")
Flawed to say domestic flows alone inflate India's valuations: Ridham Desai
India's market is now heavily driven by domestic investors, a trend that began in 2015 and could last for decades
 "Flawed to say domestic flows alone inflate India's valuations: Ridham Desai")
$84 bn short book putting pressure on rupee, Asia's worst performer
The Reserve Bank of India had dollar repayments near a record high of $84.3 billion as of March as indicated by its net short forwards position
 "$84 bn short book putting pressure on rupee, Asia's worst performer")
Rising US yield, weakening dollar are everyone's problem, says KIE
KIE flags rising tremors in US debt and dollar that could rattle global markets
 "Rising US yield, weakening dollar are everyone's problem, says KIE")
RBI imposed penalties on 353 banks, other regulated entities in FY25
The contraventions/non-compliance were related to cyber security framework in banks; exposure norms and IRAC norms
 "RBI imposed penalties on 353 banks, other regulated entities in FY25")
India's GDP expands 7.4% in Q4 to meet annual growth estimates of 6.5%
Nominal GDP for FY25 grew at single digit at 9.8 per cent to Rs 330.7 trillion, slightly higher than Rs 324.1 trillion factored in the Budget
 "India's GDP expands 7.4% in Q4 to meet annual growth estimates of 6.5%")
FinMin suggests RBI to give relief for borrowers under ₹2 lakh gold loan
In April, the RBI released draft norms mandating, among other requirements, that borrowers furnish proof of ownership for the gold used as collateral
 "FinMin suggests RBI to give relief for borrowers under ₹2 lakh gold loan")
Banks set to miss fourth deadline to roll out cassette-swap system for ATMs
Banks, cash handling firms, and managed service providers are yet to work out the absorption of costs involved in the trade as well as the logistics of switching to the new system
 "Banks set to miss fourth deadline to roll out cassette-swap system for ATMs")
Sixty one per cent of floating rate loans linked to EBLR as of Dec 2024
Meanwhile, loans linked to marginal cost of funds based lending rate (MCLR) has reduced to 36 per cent as of December 2024, Reserve Bank of India (RBI) annual report revealed
 "Sixty one per cent of floating rate loans linked to EBLR as of Dec 2024")
Fake ₹500 notes at six-year high in FY25, ₹2000 counterfeits fall: RBI
The number of counterfeit notes below ₹200 denomination also rose by 13.9 per cent YoY to 32,600 pieces
 "Fake ₹500 notes at six-year high in FY25, ₹2000 counterfeits fall: RBI")
Currency circulation rises 5.8% as ₹2,000 note impact fades: RBI
RBI's annual report shows recovery in currency circulation post ₹2,000 note withdrawal, surge in e-rupee usage, and strong digital payment adoption in FY25
 "Currency circulation rises 5.8% as ₹2,000 note impact fades: RBI")
Reserve Bank of India lens on payment fintechs over misclassified merchants
Several payment aggregators are said to have misclassified merchants, typically in the retail category, under utility - a segment that traditionally draws lower interchange rates
 "Reserve Bank of India lens on payment fintechs over misclassified merchants")
Review of the monetary policy framework on RBI's agenda for FY26
Central bank also likely to assess liquidity level needed for policy transmission
 "Review of the monetary policy framework on RBI's agenda for FY26")
Bank fraud cases fell in FY25, amount rose threefold to ₹36,014 cr: RBI
Most cases in digital payments involved ₹520 crore, says regulator in annual report
 "Bank fraud cases fell in FY25, amount rose threefold to ₹36,014 cr: RBI")
FPIs' investment in corporate bonds rises 11.4% in FY25: RBI report
Primary corporate bond issuances during the year rose by 16.1 per cent to ₹9.9 trillion, up from ₹8.6 trillion in 2023-24
 "FPIs' investment in corporate bonds rises 11.4% in FY25: RBI report")
IBC drives major behavioural shift in corporate credit culture: IIM-B study
The study is based on the comprehensive draws on a wide dataset covering corporate insolvency resolution proceedings sourced from the Insolvency and Bankruptcy Board of India
 "IBC drives major behavioural shift in corporate credit culture: IIM-B study")