Page 38 - Latest Updates on Reserve Bank of India
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")
EIL, MECON, and 4 others in fray for RBI's currency management project
After evaluating the responses, RBI said it has shortlisted six entities for issuance of Request for Proposal (RFP), according to an official document
 "EIL, MECON, and 4 others in fray for RBI's currency management project")
Banking system in India remains strong despite market concerns
The RBI assures stability as IndusInd Bank addresses a one-time discrepancy, reinforcing the resilience of India's banking sector amid strong liquidity and regulatory oversight
 "Banking system in India remains strong despite market concerns")
IndusInd Bank 'stable': RBI assures depositors, dismisses mkt speculation
The Reserve Bank of India issued a statement, assuring the depositors that the bank is well-capitalised and financially stable, and that there is no reason to react to speculative reports
Inflation eases, but RBI may not go for aggressive rate cuts: Economists
India's headline CPI inflation eased to 3.61 per cent in February - the lowest since July 2024 - on the back of a sharp decline in food inflation, mostly due to lower vegetable prices
 "Inflation eases, but RBI may not go for aggressive rate cuts: Economists")
Rupee gains for third straight day; forex reserves surge $15 billion
The rupee gained 0.58 per cent against the dollar this month, while weakened 1.6 per cent in 2025
 "Rupee gains for third straight day; forex reserves surge $15 billion")
RBI to set up 'On Tap' cohort on climate change risks: Guv Malhotra
As a central bank, he said the RBI is mindful of its role in addressing and mitigating risks to the financial system from climate change
Amid IndusInd fallout, RBI examines derivatives exposures of some banks
On Monday, private lender IndusInd Bank flagged a 2.35 per cent hit to its net worth due to an underestimation of hedging costs related to forex transactions
RBI invites applications for self-regulatory body for account aggregators
Launched in September 2016, the account aggregator framework ensures secure financial data sharing; RBI said applicants must apply via the PRAVAAH portal by June 15
Insurers likely to prefer bond forwards over forward-rate agreements
Irdai allows insurers to hedge interest rate risks with bond forwards
 "Insurers likely to prefer bond forwards over forward-rate agreements")
Growth in net sales of FDI companies moderated to 9.3% in FY24: RBI
The Reserve Bank released the data relating to financial performance of non-government non-financial (NGNF) FDI companies in India during 2023-24 based on audited annual accounts of 2,418 companies
 "Growth in net sales of FDI companies moderated to 9.3% in FY24: RBI")
RBI asks lenders to widen scope of reporting offshore swap trades
Reserve Bank of India has requested foreign banks operating in India to report details of all offshore trades involving rupee interest rate products
 "RBI asks lenders to widen scope of reporting offshore swap trades")
Tata Capital plans to raise $750 mn via ECBs under $2 bn MTN programme
The fundraising comes as the company prepares for an initial public offering (IPO), expected by September, pending shareholder approval
 "Tata Capital plans to raise $750 mn via ECBs under $2 bn MTN programme")
IndusInd Bank shares drop 4% as RBI okays short-term CEO extension
This is the second consecutive time that the banking regulator has approved a shorter tenor, despite the board requesting a full three-year term
 "IndusInd Bank shares drop 4% as RBI okays short-term CEO extension")
Prices of veg, non-veg thali decline nearly 5% in February: Crisil
The report noted that the cost of a non-vegetarian thali was up by 6 per cent year-on-year, driven by an estimated 15 per cent year-on-year rise in broiler prices
 "Prices of veg, non-veg thali decline nearly 5% in February: Crisil")
RBI will push payment systems innovations with soft touch regulations: Guv
The areas are soft-touch regulations to continue promoting innovation, promote awareness generation, and more efficient cross-border payments
 "RBI will push payment systems innovations with soft touch regulations: Guv")
RBI's rate cut outlook drives investors to bet on Indian bonds gain
After its first easing in five years last month, the Reserve Bank of India may deliver another 25 basis points cut in April, followed by at least one more reduction this year
 "RBI's rate cut outlook drives investors to bet on Indian bonds gain")
Trump's tariff threats may be good for India: Ex-RBI deputy Viral Acharya
Acharya, who was a deputy governor at the RBI between 2017 and 2019, said large firms that had benefited from the protectionist measures will initially lose some value, but the economy will benefit
 "Trump's tariff threats may be good for India: Ex-RBI deputy Viral Acharya")
In last inflation print before MPC meet, February CPI likely near 4% goal
The RBI had projected the CPI inflation for the current financial year (FY25) at 4.8 per cent with the headline figure in March quarter remaining at 4.4 per cent
 "In last inflation print before MPC meet, February CPI likely near 4% goal")
It would help if MFIs were to get better funding: Sa-Dhan ED & CEO
The Ordinance has excluded Reserve Bank of India (RBI)-regulated entities (REs) which are in this business
 "It would help if MFIs were to get better funding: Sa-Dhan ED & CEO")