Page 3 - Latest Updates on Reserve Bank of India
Individuals exempt from reporting foreign earnings; RBI to issue FAQs soon
Even in the case of entities, there is a provision for self-declaration up to a cap of ₹10 lakh per bill, Governor Sanjay Malhotra said
 "Individuals exempt from reporting foreign earnings; RBI to issue FAQs soon")
RBI policy highlights: Repo rate rises 25 bps as inflation risks broaden
The RBI raises the repo rate to 5.5% as inflation risks broaden, while keeping its growth outlook firm. Here are the key takeaways from Governor Sanjay Malhotra's statement
 "RBI policy highlights: Repo rate rises 25 bps as inflation risks broaden")
Small fee unlikely to impact UPI transaction volumes: RBI Governor on MDR
RBI Governor Sanjay Malhotra said a small MDR on select UPI payments is unlikely to materially affect transaction volumes as the new charge takes effect from October 15
 "Small fee unlikely to impact UPI transaction volumes: RBI Governor on MDR")
RBI delivers timely, hawkish rate hike; 2 more on the cards: VK Vijayakumar
VK Vijayakumar said that the pivot in stance, alongside an evolving macroeconomic outlook, strongly signals that two more rate hikes are highly probable in this tightening cycle.
 "RBI delivers timely, hawkish rate hike; 2 more on the cards: VK Vijayakumar")
Rate hike not to significantly impact earnings or growth: Ambareesh Baliga
Ambareesh Baliga said he does not see a rate-easing cycle even if the West Asia situation is resolved. However, if the situation remains unresolved, he expects further rate hikes by the central bank.
 "Rate hike not to significantly impact earnings or growth: Ambareesh Baliga")
RBI allows account aggregator interoperability, enables CAS bank deposits
Customers will be able to access financial information through any NBFC-AA, while demat account holders can also view bank deposit details in consolidated statements
RBI MPC hikes repo rate by 25 bps to 5.5%: A look at last five hikes
The RBI MPC has raised the repo rate by 25 basis points to 5.5 per cent. Here is a look at the central bank's five previous rate hikes and the inflation backdrop at the time
 "RBI MPC hikes repo rate by 25 bps to 5.5%: A look at last five hikes")
RBI announces two measures to ease financial information access for users
The RBI will allow interoperability among account aggregators and enable bank deposit details in consolidated account statements, alongside a new financial markets committee
 "RBI announces two measures to ease financial information access for users")
RBI absorbs ₹2.10 trillion via VRRR auctions amid surplus liquidity
During the first auction, the central bank received bids worth ₹2,10,688 crore for a notified amount of ₹2 trillion
India's bond yield curve poised to flatten as RBI drains surplus cash
The 5-10 year yield gap is expected to narrow as the RBI drains surplus cash, pressuring shorter maturities
 "India's bond yield curve poised to flatten as RBI drains surplus cash")
Policy response
Compelling reasons for an increase in the repo rate
 "Policy response")
RBI backs blockchain technology, remains cautious on crypto: Guv Malhotra
Sanjay Malhotra said RBI supports distributed ledger technology and tokenisation but remains wary of crypto assets over concerns about sovereignty, policy and capital flows in emerging economies
 "RBI backs blockchain technology, remains cautious on crypto: Guv Malhotra")
Today's financial resilience does not guarantee future stability: RBI guv
Speaking at the KEC 2026, Malhotra outlined five priorities for policymakers and called for continued vigilance against emerging systemic risks that are increasingly cross-border and interconnected
 "Today's financial resilience does not guarantee future stability: RBI guv")
Matter of liquidity: How the RBI manages cash in the banking system
Why the central bank relies on a mix of short- and long-term tools to keep money in check
 "Matter of liquidity: How the RBI manages cash in the banking system")
RBI MPC meet from Oct 5-7: Will RBI hike the repo rate this time?
RBI's MPC will meet from October 5-7 to decide on interest rates; economists expect a 25-basis-point hike to 5.5 per cent as inflation rises and global central banks tighten policy
Indian banks faced $500 million FX losses after RBI position curbs
Crisil Coalition Greenwich said banks recovered around $400 million after market spreads widened and positions were normalised following the RBI directive
 "Indian banks faced $500 million FX losses after RBI position curbs")
Kotak Mahindra Bank appoints Anup Saha as MD & CEO for three-year term
The bank on Thursday said the RBI had given its nod to the appointment, effective January 1, 2027
 "Kotak Mahindra Bank appoints Anup Saha as MD & CEO for three-year term")
RBI extends benchmark issuance strategy to 7 more states, J&K from Q3 FY27
The framework will cover more states and Jammu and Kashmir from Q3 FY27, while total market borrowing by states and Union Territories is expected at ₹3.61 trillion.
 "RBI extends benchmark issuance strategy to 7 more states, J&K from Q3 FY27")
India's $133 billion cash deluge puts RBI on a more hawkish policy path
Record inflows from Indians abroad have left banks flush with cash, pushing overnight rates below the RBI's 5.25 per cent policy rate as inflation pressures build
NSE moves closer to corporate bond index futures after Sebi nod
NSE has received Sebi's no-objection certificate to introduce corporate bond index futures, with the proposed product still requiring RBI approval.
 "NSE moves closer to corporate bond index futures after Sebi nod")