Page 41 - Latest Updates on Reserve Bank of India
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
 "India's structural strengths lay strong foundation for growth: RBI Bulletin")
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
 "RBI increases state bond auction amount to Rs 52,120 cr from Rs 40,120 cr")
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")
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
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