Page 29 - Latest Updates on Reserve Bank of India
Bank holiday today: Are SBI, BOB, Canara Bank and others closed?
Is bank holiday today: The United Forum of Bank Unions (UFBU) has called an all-India bank strike today, January 27, which may disrupt services at public sector banks such as SBI and PNB
 "Bank holiday today: Are SBI, BOB, Canara Bank and others closed?")
Value of CDs climbs to ₹5.75 trillion, rates cross 7% for marquee banks
Deposit tightness has pushed certificate of deposit outstanding to a record ₹5.75 trillion, with marquee banks raising one-year funds at over 7%
 "Value of CDs climbs to ₹5.75 trillion, rates cross 7% for marquee banks")
Arijit Basu quits HDB Financial, appointed chairman of IndusInd Bank
Sunil Mehta to step down from the helm of IndusInd following completion of his term on Jan 30
 "Arijit Basu quits HDB Financial, appointed chairman of IndusInd Bank")
Forex reserves rise $14 billion in best week in 10 months: RBI data
At $701 billion, reserves at 13-week high; shy of all-time high of $705 billion
 "Forex reserves rise $14 billion in best week in 10 months: RBI data")
States' gross fiscal deficit topped 3% in FY25 after 3 years: RBI report
States' fiscal deficit crosses 3% of GDP in FY24 after 3 years; capital spending rises as liabilities remain manageable, says RBI report
 "States' gross fiscal deficit topped 3% in FY25 after 3 years: RBI report")
Banks raise Rs 89.5k crore via CDs in December fortnight, rates surge
Banks raised Rs 88,512 crore through certificates of deposit in the last fortnight of December as deposit growth lagged credit growth, pushing short-term borrowing rates above 7 per cent
 "Banks raise Rs 89.5k crore via CDs in December fortnight, rates surge")
Razorpay POS secures RBI nod for offline payment aggregator licence
Razorpay now holds all three key RBI licences-online payment aggregator, cross-border payment aggregator (secured in December 2025), and offline payment aggregator)
 "Razorpay POS secures RBI nod for offline payment aggregator licence")
RBI taps over $2 bn FX swaps to ease liquidity amid rupee pressure: Bankers
Spot intervention drains rupee liquidity, an effect the RBI can counter through dollar/rupee buy-sell FX swaps, in which the first leg is settled at the spot date and the second at a future date
 "RBI taps over $2 bn FX swaps to ease liquidity amid rupee pressure: Bankers")
Net FDI negative for 3rd straight month in Nov due to high repatriation
Net FDI in April-Nov period grows 7x to $5.6 billion compared to same period last year
 "Net FDI negative for 3rd straight month in Nov due to high repatriation")
Current state of economy provides ground for optimism: RBI bulletin
Global growth remained resilient in 2025 despite heightened uncertainties. Though elevated, global uncertainty witnessed further moderation in December
 "Current state of economy provides ground for optimism: RBI bulletin")
RBI approves appointment of Bharucha as whole-time director in HDFC Bank
Shares of HDFC Bank closed at ₹931.15, up 0.38 per cent over the previous close on BSE
 "RBI approves appointment of Bharucha as whole-time director in HDFC Bank")
Rupee avoids new low as RBI steps in to control excess volatility
The rupee fell up to 91.06 per dollar during the day, near the record low of 91.08 per dollar
 "Rupee avoids new low as RBI steps in to control excess volatility")
RBI needs to ramp up bond purchases as rate cuts fail to cool yields
The benchmark 10-year yield on Monday surged back to nearly the same level seen before the RBI began cutting rates early last year
 "RBI needs to ramp up bond purchases as rate cuts fail to cool yields")
RBI Guv calls for tighter governance, asset oversight in urban co-op banks
In his remarks, Malhotra highlighted the continued relevance of UCBs in credit delivery particularly to the underserved areas and in expanding financial inclusion, RBI said in a statement
 "RBI Guv calls for tighter governance, asset oversight in urban co-op banks")
Govt announces interest subvention scheme for export credit under EPM
RBI notifies interest subvention scheme Niryat Prothsahan, directing banks to extend subsidised pre- and post-shipment export credit under EPM
 "Govt announces interest subvention scheme for export credit under EPM")
Budget should back R&D, create long-term funding institution: MPC member
He said Research, Development and Innovation (RDI) and Anusandhan National Research Foundation (ANRF) are important measures adopted in recent times
 "Budget should back R&D, create long-term funding institution: MPC member")
RBI proposes linking Brics' digital currencies to cut reliance on US dollar
India will host the summit, which will be held later this year. If the recommendation is accepted, a proposal to link the digital currencies of Brics members would be put forward for the first time
 "RBI proposes linking Brics' digital currencies to cut reliance on US dollar")
SBI terminates GMU Kolkata lease; civil society urges RBI to intervene
The notice provides a one-month period to vacate, signalling the bank's intent to leave the premises as part of its plan to consolidate treasury and forex operations in Mumbai
 "SBI terminates GMU Kolkata lease; civil society urges RBI to intervene")
Sebi, RBI working closely on bond derivatives: Tuhin Kanta Pandey
Sebi and RBI are working to introduce bond derivatives to deepen liquidity as the regulator pushes reforms to boost retail participation and strengthen India's bond market
 "Sebi, RBI working closely on bond derivatives: Tuhin Kanta Pandey")
RBI to set up central complaints processing centre under Ombudsman Scheme
Complaints filed online will be registered on the RBI's Complaint Management System portal, while those received through email or post will be processed centrally by the CRPC