Page 37 - Latest Updates on Reserve Bank of India
RBI likely to cancel next week's T-bill auction given large cash balance
Net liquidity in the banking system was in a deficit of ₹2.32 trillion as of Thursday, and has been in deficit mode for the past fourteen consecutive weeks
 "RBI likely to cancel next week's T-bill auction given large cash balance")
Payments banks seek higher deposit limit, urge FinMin to raise to Rs 5 lakh
The previous increase was in April 2021, when the maximum end-of-day balance was raised from ₹1 lakh to ₹2 lakh
 "Payments banks seek higher deposit limit, urge FinMin to raise to Rs 5 lakh")
Net ECB inflows surge over 2x to $18.4 billion in 10MFY25: RBI data
ECB outflows due to principal repayments stood at $23.9 billion during the April 2024-January 2025 period, resulting in robust net inflows of $18.4 billion
 "Net ECB inflows surge over 2x to $18.4 billion in 10MFY25: RBI data")
RRBs get five more years to amortise additional pension liabilities
RRBs were earlier permitted to amortise their liability on account of the Employee Pension Scheme 2018 over five years
 "RRBs get five more years to amortise additional pension liabilities")
RBI appoints Indranil Bhattacharyya as executive director, effective Mar 19
As ED, Bhattacharyya will oversee the department of economic and policy research
 "RBI appoints Indranil Bhattacharyya as executive director, effective Mar 19")
Indranil Bhattacharyya appointed as new executive director of RBI
Prior to his promotion as ED, Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI
 "Indranil Bhattacharyya appointed as new executive director of RBI")
DLAI to rebrand itself to Unified Fintech Forum as it pursues its SRO bid
This is in response to the Reserve Bank of India's (RBI's) internal feedback on its bid for official SRO status, according to three sources from the fintech industry
 "DLAI to rebrand itself to Unified Fintech Forum as it pursues its SRO bid")
Remittances to India from advanced economies surpass Gulf inflows: RBI
Indian migrants in the Gulf Cooperation Council (GCC) countries account for around half of the total Indian migrants in the world
 "Remittances to India from advanced economies surpass Gulf inflows: RBI")
India's structural strengths lay strong foundation for growth: RBI Bulletin
It also said that macroeconomic fundamentals remain strong, and economic growth is poised to sustain momentum driven by robust domestic demand, steady investment activity
Urban co-op banks must be mindful of trust reposed by depositors: RBI Guv
RBI Governor Sanjay Malhotra advised the UCBs to ensure that they remain operationally resilient, including against IT and cyber-related risks
RBI 'passively' absorbing dollar inflows over past sessions, say traders
Inflows related to inter-company borrowings and repatriation of corporate profits are usual in March, the last month of the financial year
 "RBI 'passively' absorbing dollar inflows over past sessions, say traders")
Smallcap fund correction: Trim exposure if it exceeds 20%, avoid full exit
Earnings-related uncertainty continues to weigh on small caps
 "Smallcap fund correction: Trim exposure if it exceeds 20%, avoid full exit")
The rise and rise of customer complaints: Which states rank the highest?
According to the RBI data, during 2023-24, the Centralised Receipt and Processing Centre and Offices of Reserve Bank of India Ombudsman (ORBIOs) received 934,000 complaints
 "The rise and rise of customer complaints: Which states rank the highest?")
LIC to announce acquisition in health insurance firm by Mar 31: CEO Mohanty
LIC MD & CEO Siddhartha Mohanty said a decision on acquiring stake is likely by March 31, but he didn't disclose the health insurer's name
 "LIC to announce acquisition in health insurance firm by Mar 31: CEO Mohanty")
RBI, Bank of Mauritius sign pact to use local currencies in bilateral trade
The Memorandum of Understanding (MoU) was signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G C S K
Avoid calling customers repeatedly to submit KYC docs: RBI Governor
Malhotra rued that most banks and NBFCs have not enabled their branches or offices to access information from the central database due to which customers have to face the avoidable inconvenience
 "Avoid calling customers repeatedly to submit KYC docs: RBI Governor")
RBI increases state bond auction amount to Rs 52,120 cr from Rs 40,120 cr
In the previous auction, the cut-off yield on 10-year state bonds was set in the range of 7.18 per cent to 7.27 per cent
Debt MFs see Rs 6,525 cr outflow in Feb amid short-term fund redemptions
Notably, 10 of 16 debt mutual fund categories reported net outflow during the month, data with Association of Mutual Funds in India (Amfi) showed
 "Debt MFs see Rs 6,525 cr outflow in Feb amid short-term fund redemptions")
IndusInd Bank gains 5% on RBI's reassurance on lender's financial health
The stock price of IndusInd Bank had tanked a 32 per cent in three days between March 6 and March 11.
 "IndusInd Bank gains 5% on RBI's reassurance on lender's financial health")
PM Modi hails RBI for being selected for Digital Transformation Award 2025
Digital innovation continues to strengthen India's financial ecosystem, thus empowering countless lives, the prime minister said
 "PM Modi hails RBI for being selected for Digital Transformation Award 2025")