Page 37 - Latest Updates on Reserve Bank of India
RBI flags concern over elevated bond yields; OMO unlikely in November
RBI engages with market participants amid widening India-US yield spread; bond purchases unlikely before final CRR cut at month-end
 "RBI flags concern over elevated bond yields; OMO unlikely in November")
Bank holiday on Guru Nanak Jayanti: Banks in these states closed on Nov 5
Multiple states will mark a bank holiday on Nov 5, 2025, due to Guru Nanak Jayanti and Kartik Purnima. The RBI has confirmed to seek clarity on which states will be affected by this holiday
 "Bank holiday on Guru Nanak Jayanti: Banks in these states closed on Nov 5")
Reserve Bank of India's short dollar forward position up after 7 months
RBI's short dollar positions rose $6 billion in September, signalling renewed intervention in forwards to stabilise the rupee amid depreciation pressure and speculative build-up
 "Reserve Bank of India's short dollar forward position up after 7 months")
RBI likely to meet banks and dealers on Tuesday amid liquidity strain
The meeting, though without a formal agenda, is expected to focus on current market conditions, the traders said, declining to be named as they are not authorized to speak to the media
 "RBI likely to meet banks and dealers on Tuesday amid liquidity strain")
RBI's forward book expands after six months as it mounts rupee defence
The FX forward book reflects positions in both non-deliverable forwards (NDF) and the onshore forward markets, which had peaked in February
 "RBI's forward book expands after six months as it mounts rupee defence")
RBI's nod for banks' M&A funding may force tweak to sensitive sector norms
Bankers say that given the substantial exposures banks will have to take for M&A financing, the current ceiling for banks' exposure to the sensitive sectors is likely to be a hurdle
 "RBI's nod for banks' M&A funding may force tweak to sensitive sector norms")
A new wave of reforms set to sweep banking, boost capital and growth
At this juncture, allowing higher foreign stake in PSBs is the right call. It will help them increase capital and scale up business
 "A new wave of reforms set to sweep banking, boost capital and growth")
₹2,000 notes worth ₹5,817 crore remain in circulation, says RBI
The Reserve Bank of India (RBI) had announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023
 "₹2,000 notes worth ₹5,817 crore remain in circulation, says RBI")
India's foreign exchange reserves drop by $6.93 billion to $695.36 billion
RBI data shows foreign currency assets and gold holdings declined in the week ended Oct 24, pulling total reserves below the $700-billion mark
 "India's foreign exchange reserves drop by $6.93 billion to $695.36 billion")
Bank holidays in November 2025: Check full state-wise list and key dates
As per the state-wise holiday list for 2025-2026, the RBI has designated 5 bank holidays for November 2025. In India, bank holidays might vary per regional, national, or religious celebrations
 "Bank holidays in November 2025: Check full state-wise list and key dates")
Stablecoins risk currency substitution: RBI Deputy Governor T Rabi Sankar
RBI Deputy Governor T Rabi Sankar says rupee internationalisation aims to cut risk, not replace the dollar, as he flags stablecoin-linked currency substitution as a key threat
 "Stablecoins risk currency substitution: RBI Deputy Governor T Rabi Sankar")
We should've competing pension products: PFRDA Chairperson S Ramann
PFRDA chief hints at 100% FDI parity, new small pension funds, and unified regulation to expand India's pension reach and improve financial literacy
 "We should've competing pension products: PFRDA Chairperson S Ramann")
RBI Dy Guv reaffirms crypto scepticism, says CBDC will grow step by step
RBI Deputy Governor T Rabi Sankar said the central bank will take a calibrated approach to rolling out the digital rupee, maintain its firm stance against cryptocurrencies, and push for rupee globalis
 "RBI Dy Guv reaffirms crypto scepticism, says CBDC will grow step by step")
Fiscal policy strongly supportive of growth: RBI Deputy Guv Poonam Gupta
What India should aspire to be, a developed nation, an emerged nation, or an emerged market, is an important one, says Gupta
 "Fiscal policy strongly supportive of growth: RBI Deputy Guv Poonam Gupta")
India's growth at 6.5% allows scope for policy easing: RBI Dy Guv Gupta
At Business Standard's BFSI Summit 2025, RBI Deputy Governor Poonam Gupta said India's strong growth outlook leaves scope for monetary policy easing while fiscal policy remains conducive for expansion
 "India's growth at 6.5% allows scope for policy easing: RBI Dy Guv Gupta")
RBI directs banks to offer nomination facility; customers can opt out
New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI
 "RBI directs banks to offer nomination facility; customers can opt out")
RBI returns Jana SFB's application seeking universal banking licence
Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.
 "RBI returns Jana SFB's application seeking universal banking licence")
Need to promote wider use of digital solutions: RBI Deputy Governor
Swaminathan says steps like ULI facilitate cash-flow-based lending
 "Need to promote wider use of digital solutions: RBI Deputy Governor")
RBI likely to increase the number of NBFCs under upper layer list
RBI may expand the upper layer of NBFCs amid rising size and interconnectedness, bringing more large public and private sector NBFCs under enhanced regulatory norms
 "RBI likely to increase the number of NBFCs under upper layer list")
The changing turf for foreign banks amid selective opening, scrutiny
The move is towards opening up the sector, but selectively, with regulatory scrutiny and special approval
 "The changing turf for foreign banks amid selective opening, scrutiny")