Page 30 - Latest Updates on Reserve Bank of India
Rupee strengthens marginally as RBI intervention supports currency
The rupee inched up against the US dollar on August 1, likely aided by RBI intervention, even as foreign outflows and negative sentiment from US tariffs kept pressure on the currency
 "Rupee strengthens marginally as RBI intervention supports currency")
Bank holidays in August 2025: Banks closed for 15 days, check complete list
Bank holidays in August: In August 2025, national and regional holidays will cause banks throughout India to close for up to 15 days. Customers should schedule banking services in advance accordingly
 "Bank holidays in August 2025: Banks closed for 15 days, check complete list")
For the RBI, managing households' inflation expectations is critical, too
It is now well known that expectations significantly affect economic outcomes. Therefore, central banks focus a great deal on managing inflation expectations
 "For the RBI, managing households' inflation expectations is critical, too")
Credit growth dips sharply in June as farm, NBFC offtake weakens: RBI
The pace of credit growth on a Y-o-Y basis in retail and industrial credit also moderated in June 2025, Reserve Bank of India (RBI) data showed
 "Credit growth dips sharply in June as farm, NBFC offtake weakens: RBI")
Muted response to RBI's VRRR as overnight rates rise, reducing arbitrage
With WACR and tri-party repo rates climbing, banks park only ₹13,075 crore against RBI's ₹50,000 crore offer in overnight VRRR auction
RBI unlikely to revive daily fixed-rate lending despite market demand
The policy, called fixed rate liquidity operations, will help banks manage their needs better, several bankers proposed to the RBI in meetings held over the last few months
 "RBI unlikely to revive daily fixed-rate lending despite market demand")
Hit by falling FD rates? Consider these funds with 3-year horizon
Hit by falling FD rates? Consider these funds with 3-year horizon
 "Hit by falling FD rates? Consider these funds with 3-year horizon")
Digital payments cross ₹65,000 cr in volume, ₹12,000 trn in value in 6 yrs
As on May 31, 2025, around 4.77 crore digital touch points have been deployed through PIDF
 "Digital payments cross ₹65,000 cr in volume, ₹12,000 trn in value in 6 yrs")
Inflation likely to be below RBI's target in FY26: FinMin review
There is more room for monetary policy easing, says Finance Ministry
 "Inflation likely to be below RBI's target in FY26: FinMin review")
RBI proposes new regime for co-op bank branch expansion, ATM setup
New ECBA framework to replace FSWM norms; banks must meet capital, profit, and compliance standards for authorisation
 "RBI proposes new regime for co-op bank branch expansion, ATM setup")
RBI's digital payments index increases to 493.22 as of March 2025
Index up from 465.33 in September 2024, reflecting rapid digital adoption and stronger payment infrastructure and performance across India
 "RBI's digital payments index increases to 493.22 as of March 2025")
Tata Sons expects reprieve from IPO deadline amid RBI rule review
The RBI had earlier classified Tata Sons as a top tier non-banking lender, forcing it to list by September this year
 "Tata Sons expects reprieve from IPO deadline amid RBI rule review")
An inclusive index: More data needed to strengthen financial inclusion
The index is composed of three key parameters - access, usage, and quality - all of which have shown improvement this year
Indian economy can grow over 6.5% in FY26 without hurdles: RBI MPC member
Nagesh Kumar said that Indian economy, among all economies, continues to remain a bright spot for the world
RBI grants 1-month extension to IndusInd Bank's committee of executives
Bank's chief human resources officer resigns after a two-decade stint with the bank
 "RBI grants 1-month extension to IndusInd Bank's committee of executives")
Centre appoints Anuradha Thakur as director on central board of RBI
The move comes a day after Seth was named chairman of the Insurance Regulatory and Development Authority of India (Irdai)
 "Centre appoints Anuradha Thakur as director on central board of RBI")
RBI to consider giving Section-8 MFI firms' access to credit bureaus
The lack of access to credit information leaves Section-8 MFIs in the dark about the worthiness of their clients, while allowing borrowers to exploit the arbitrage between Section-8 and mainline MFIs
 "RBI to consider giving Section-8 MFI firms' access to credit bureaus")
Tata Chairman N Chandrasekaran's compensation up 15% at ₹156 crore in FY25
During FY25, Tata Sons' profit fell 24.3 per cent to ₹26,232 crore from ₹34,654 crore the previous year, according to the company's annual report
 "Tata Chairman N Chandrasekaran's compensation up 15% at ₹156 crore in FY25")
RBI to hold rates in August, expected to cut again later this year: Poll
Subdued inflation has allowed policymakers room to cut rates but with the economy expanding at a rapid 7.4 per cent rate
 "RBI to hold rates in August, expected to cut again later this year: Poll")
RBI sees tepid demand at VRR auction ahead of ₹2 trillion reversal
The Reserve Bank of India saw lower-than-expected bids at its overnight VRR auction, with market participants anticipating the reversal of Rs. 2 trillion on Friday