Page 30 - Latest Updates on Reserve Bank of India
IndusInd Bank up for 5th straight day; gains 41% from March low, here's why
Arun Khurana, deputy CEO of IndusInd Bank, has resigned with immediate effect, taking responsibility for the ₹1,960 crore losses due to incorrect accounting of internal derivative trades.
 "IndusInd Bank up for 5th straight day; gains 41% from March low, here's why")
Rupee rallies to under 85 vs dollar intraday on strong equity inflows
RBI to conduct OMO to purchase Gsec worth ₹1.25 trillion
 "Rupee rallies to under 85 vs dollar intraday on strong equity inflows")
Norms on forwards likely to boost demand for 10-15-year state bonds
The yield spread between 10-year state bonds and the benchmark 10-year government bond stood at 29 basis points
 "Norms on forwards likely to boost demand for 10-15-year state bonds")
IndusInd Bank's deputy CEO Arun Khurana resigns amid accounting blunder
Based on the findings of an external agency's probe, IndusInd has estimated an impact of 2.27% on its net worth as of December 2024
 "IndusInd Bank's deputy CEO Arun Khurana resigns amid accounting blunder")
RBI ask banks to ensure ATMs dispense Rs 100, Rs 200 notes
Banks and White Label ATM Operators (WLAOs) have to implement the direction in a phased manner
 "RBI ask banks to ensure ATMs dispense Rs 100, Rs 200 notes")
Inherent risks in sustainable finance drive up lending costs: RBI's Rao
He noted that this prompts private sector investors and lenders to seek appropriate de-risking mechanisms
 "Inherent risks in sustainable finance drive up lending costs: RBI's Rao")
L&T Finance to increase commercial paper issuance amid softening rates
L&T Finance Ltd's total liabilities stood at Rs 92,247 crore in March 2025 as against Rs 86,161 crore in December 2024 and Rs 76,541 crore in March 2024
 "L&T Finance to increase commercial paper issuance amid softening rates")
Banks set to meet investment needs of India Inc: RBI Guv Sanjay Malhotra
RBI governor says rupee's orderly movement reflects strong macro fundamentals
 "Banks set to meet investment needs of India Inc: RBI Guv Sanjay Malhotra")
Debt mutual funds find their mother lode after mining market depths
Strike a rich vein after a tough three-year haul of ₹2.8 trillion in outflows
 "Debt mutual funds find their mother lode after mining market depths")
Stance change means possibilities of more rate cuts: MPC's Nagesh Kumar
Kumar says that the impact of reciprocal tariffs imposed by the United States (US) is mixed and there is fiscal space to support public expenditure
 "Stance change means possibilities of more rate cuts: MPC's Nagesh Kumar")
India's foreign exchange reserves rise by $8 billion to six-month high
The reserves had hit a record high of $705 billion in September 2024
 "India's foreign exchange reserves rise by $8 billion to six-month high")
RBI imposes penalty on Indian Bank, Mahindra & Mahindra Financial Services
The Reserve Bank of India (RBI) on Friday said it has imposed penalties on Indian Bank and Mahindra & Mahindra Financial Services for certain deficiencies in regulatory compliance.
 "RBI imposes penalty on Indian Bank, Mahindra & Mahindra Financial Services")
RBI cancels licence of Imperial Urban Co-op Bank over inadequate liquidity
The Registrar of Cooperative Societies, Government of Punjab has also been requested to issue an order for winding up of the bank
RBI's cash infusion to aid more rally in short bonds, says Nomura
The strategist expects the RBI to buy bonds worth Rs 3 trillion in the current financial year, with a bias towards more action
 "RBI's cash infusion to aid more rally in short bonds, says Nomura")
TMB to continue growing gold loan business in FY26, says MD & CEO Nair
The bank's total gold loan portfolio as of March 31 is a little over Rs 18,000 crore
 "TMB to continue growing gold loan business in FY26, says MD & CEO Nair")
Net ECB inflows more than double in Apr-Feb; highest in at least 5 years
Net inflows during April 2023-February 2024 stood at $8.8 billion, according to the Reserve Bank of India (RBI) data
 "Net ECB inflows more than double in Apr-Feb; highest in at least 5 years")
RBI MPC minutes: Members see need to support growth on benign inflation
The MPC decided to cut the policy repo rate by 25 basis points earlier this month, after reducing the rate by a similar magnitude in the February meeting
 "RBI MPC minutes: Members see need to support growth on benign inflation")
Coming soon: A new system to integrate netbanking, payment aggregators
This new switch being developed by NPCI subsidiary NPCI Bharat BillPay Limited (NBBL) will not leverage any existing payments system tech but will focus on creating a new system altogether
 "Coming soon: A new system to integrate netbanking, payment aggregators")
RBI provides export relaxations through warehouses in Bharat Mart in UAE
It also apply on remittances by the Indian exporter for initial as well as recurring expenses for setup and continuing business operations of its office
India to remain fastest growing even as FY26 GDP forecast cut to 6.2-6.7%
India is expected to grow in the range of 6.2-6.7 per cent in the current fiscal, despite the possibility of the US economy slipping into recession
 "India to remain fastest growing even as FY26 GDP forecast cut to 6.2-6.7%")