Page 4 - Latest Updates on Reserve Bank of India
India's new GDP series in February 2026 to spur IMF rating upgrade
The IMF has 'assured' that its 'C' rating for India's national accounts data will be reassessed once the new gdp series is released in feb 2026
 "India's new GDP series in February 2026 to spur IMF rating upgrade")
Digital banking cannot be made mandatory to access other services: RBI
RBI's new digital banking rules mandate explicit customer consent, prohibit banks from forcing digital channels for accessing other services and tighten risk controls
 "Digital banking cannot be made mandatory to access other services: RBI")
RBI Deputy Governor Swaminathan urges MFI lenders to review pricing
At an MFIN event in Mumbai, RBI Deputy Governor Swaminathan J. said microfinance lenders must ensure pricing reflects cost and risk, improve borrower assessments
 "RBI Deputy Governor Swaminathan urges MFI lenders to review pricing")
RBI expected to cut interest rate to 5.25% as inflation drops: Poll
RBI Governor Sanjay Malhotra said this week that recent economic data suggested there was still scope to cut interest rates
 "RBI expected to cut interest rate to 5.25% as inflation drops: Poll")
Paytm gets final nod from RBI to operate as a payment aggregator
PPSL, a subsidiary of One 97 Communications, has received RBI's final authorisation to operate as a payment aggregator, enabling unrestricted merchant onboarding after earlier curbs were lifted
 "Paytm gets final nod from RBI to operate as a payment aggregator")
Sharp fall in inflation strengthens case for RBI to ease rates again
The MPC reduced the policy repo rate by 100 basis points this year, and its decision in the December meeting will depend largely on how it expects the inflation rate to evolve in the coming quarters
 "Sharp fall in inflation strengthens case for RBI to ease rates again")
SBI confident of 3% NIM even if RBI cuts rate next week: Chairman Setty
Earlier this week, RBI Governor Sanjay Malhotra said that there is a space for a rate cut and it was mentioned in the last bimonthly policy in October
 "SBI confident of 3% NIM even if RBI cuts rate next week: Chairman Setty")
RBI net sells $21.7 billion in H1FY26, against $85.11 billion in H1FY25
During the current financial year, the RBI was a net buyer of the greenback only in May, while it remained a net seller in the other five months
 "RBI net sells $21.7 billion in H1FY26, against $85.11 billion in H1FY25")
Outward remittances under LRS grew marginally in September: RBI data
Outbound remittances rose slightly to $2.78 bn, even as H1 outflows stayed lower due to weaker education and family transfers
 "Outward remittances under LRS grew marginally in September: RBI data")
Bank holiday update: Will banks be shut for Shaheedi Diwas on Nov 25?
The Delhi Govt has announced a public holiday on Nov 25 on account of the 350th Shaheedi Diwas. Therefore, many are wondering if banks will also be closed on that day. Let's find out here
 "Bank holiday update: Will banks be shut for Shaheedi Diwas on Nov 25?")
RBI comes back swinging to hit brakes on rupee's slide towards 90
The central bank likely sold dollars on the order-matching platform and in the non-deliverable forward market, helping lift sentiment
 "RBI comes back swinging to hit brakes on rupee's slide towards 90")
PSU NBFCs plan to raise up to ₹24,000 crore through bonds next week
PSU NBFCs Nabard, Sidbi, PFC and IRFC will raise up to ₹24,000 crore next week as issuers rush to lock in funds ahead of the RBI's December policy review amid expectations of firming yields
 "PSU NBFCs plan to raise up to ₹24,000 crore through bonds next week")
Confident of good trade deal with US, says RBI Governor Sanjay Malhotra
RBI Guv Malhotra said the BTA will relieve pressure on the rupee
 "Confident of good trade deal with US, says RBI Governor Sanjay Malhotra")
RBI plans to conduct 7-day VRR auction Fri to infuse ₹50,000 crore
The RBI's VRR operations are intended to infuse liquidity into the financial system and anchor short-term money market rates closer to the policy repo rate
RBI doesn't target rupee level, fall due to dollar demand: Guv Malhotra
The RBI Governor says rupee's fall is due to dollar demand, not policy moves, assures strong forex buffers and highlights improving strength of Indian banks
 "RBI doesn't target rupee level, fall due to dollar demand: Guv Malhotra")
Easebuzz secures authorisation to operate as full-stack payment aggregator
Fintech firm Easebuzz has received RBI approval to function as a full-service payment aggregator, enabling online, offline and cross-border payment capabilities across its merchant network
 "Easebuzz secures authorisation to operate as full-stack payment aggregator")
Trai sets deadlines for BFSI to adopt '1600' series for official calls
Trai said the direction has been issued "to enhance consumer trust, curbing spam, and preventing fraudulent activities perpetrated through voice calls"
 "Trai sets deadlines for BFSI to adopt '1600' series for official calls")
RBI's inflation model under fire as persistent overestimates draw scrutiny
The central bank's inflation miss in the first three months of the year was 0.7 percentage points - the biggest gap in almost six years, and well above economists' projections
 "RBI's inflation model under fire as persistent overestimates draw scrutiny")
RBI's policy dilemma: To look at inflation or growth for rate action
A forward looking approach would prompt rate cut as H2 GDP growth likely to be softer
The Sixteenth Finance Commission submits its five-year fiscal blueprint
Panel's recommendations sent to PM and finance minister; report to be tabled in Parliament
 "The Sixteenth Finance Commission submits its five-year fiscal blueprint")
