Page 43 - Latest Updates on Reserve Bank of India
Markets Today: Trump tariff concessions; RBI; FIIs; NAPS Global IPO Day 3
In the previous session, equity markets logged their biggest single-day gain in a month, aiding Nifty50 to end its record 10-day losing streak. The Nifty settled at 22,337.30, up 254.65 pts or 1.15%
 "Markets Today: Trump tariff concessions; RBI; FIIs; NAPS Global IPO Day 3")
Rupee records highest single day gain in three weeks; settles at 86.96
The dollar index dropped 0.6 per cent to 104.9, its lowest level since November 2024, amid concerns over the US growth outlook and uncertainty about the impact of trade tariffs on growth and inflation
 "Rupee records highest single day gain in three weeks; settles at 86.96")
Reserve Bank appoints Ajit Ratnakar Joshi as new executive director
Ajit Ratnakar Joshi was serving as Principal Adviser in Department of Statistics and Information Management
 "Reserve Bank appoints Ajit Ratnakar Joshi as new executive director")
RBI advises NBFCs to curb perpetual credit lines over risk concerns
The RBI has cautioned NBFCs on perpetual credit lines, citing risks of loan evergreening and financial instability, urging lenders to slow down issuance of such flexible credit products
 "RBI advises NBFCs to curb perpetual credit lines over risk concerns")
Jio Financial to acquire SBI stake in Jio Payments Bank for Rs 104.5 crore
The acquisition is subject to the approval of the RBI and is expected to be completed within 45 days post receipt of RBI approval
 "Jio Financial to acquire SBI stake in Jio Payments Bank for Rs 104.5 crore")
Tata Capital seeks approval for related party deals with Tata Steel, TCS
Under the factoring arrangement, Tata Steel discounts its sales receivables with Tata Capital (TCL) arising from goods sold on credit to customers
 "Tata Capital seeks approval for related party deals with Tata Steel, TCS")
IIFL Finance accepts $100 million in reissue of 8.75% 2028 dollar bonds
The company initially sold the notes, which had a maturity of three years and six months, in January, raising $325 million
 "IIFL Finance accepts $100 million in reissue of 8.75% 2028 dollar bonds")
Have sufficient liquidity to support growth: PNB MD & CEO Ashok Chandra
We will take initiatives on Casa next financial year, says Ashok Chandra
 "Have sufficient liquidity to support growth: PNB MD & CEO Ashok Chandra")
RBI deputy guv Swaminathan J moots empathetic stance for stressed MSMEs
Additionally, he highlighted the need for digital solutions, alternative credit assessment models, and greater participation in platforms like TReDS by lenders to mitigate the funding challenges
 "RBI deputy guv Swaminathan J moots empathetic stance for stressed MSMEs")
RBI records forward dollar position undermines forex reserves comfort
The RBI's net short dollar position in forwards and futures hit a record high of $77.5 billion in January 2025, as per data released after market hours on Friday
 "RBI records forward dollar position undermines forex reserves comfort")
98.18% of Rs 2,000 notes returned, Rs 6,471 cr worth still with public: RBI
On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 denomination banknotes from circulation
 "98.18% of Rs 2,000 notes returned, Rs 6,471 cr worth still with public: RBI")
RBI imposes penalty on HSBC, IIFL Samasta Finance for violating norms
With reference to HSBC's financial position as on March 31, 2023, RBI found that the bank had outsourced the disposal or closure of anti-money laundering (AML) alerts to a group company
 "RBI imposes penalty on HSBC, IIFL Samasta Finance for violating norms")
RBI relaxing risk weights to release Rs 40,000 cr capital for banks
Bandhan Bank and IndusInd Bank likely to be biggest beneficiaries of the moves since both have high microfinance exposure
CII's legal committee pushes for appellate body for financial sector
The legal committee wants all financial regulators, including the RBI, to be under the ambit of the new body
 "CII's legal committee pushes for appellate body for financial sector")
Bandhan Bank, Ujjivan Small Finance Bank major beneficiaries of RBI move
The reversal in risk weights on MFI loans from 125 per cent to 100 per cent and 75 per cent will help reduce risk weighted assets or RWAs for banks
 "Bandhan Bank, Ujjivan Small Finance Bank major beneficiaries of RBI move")
Rupee reverses losses, ends flat at 87.2 per dollar on likely RBI support
The rupee opened six paise weaker against the greenback, tracking the rise in the dollar index
 "Rupee reverses losses, ends flat at 87.2 per dollar on likely RBI support")
Reserve Bank of India frees up bank capital with NBFC risk weight rollback
Following the increase in risk weights, bank loan growth to shadow banks fell sharply
 "Reserve Bank of India frees up bank capital with NBFC risk weight rollback")
Rupee records steepest single-day fall in 3 weeks against US dollar
The rupee depreciated by around 50 paisa, or 0.58 per cent, to settle at 87.21 against the dollar, compared to the previous close of 86.71 per dollar
 "Rupee records steepest single-day fall in 3 weeks against US dollar")
RBI draft norms on foreclosure charges to hit lenders' profits: Analysts
The hit on non-banking financial companies (NBFCs) would be larger compared to banks, they said
 "RBI draft norms on foreclosure charges to hit lenders' profits: Analysts")
Datanomics: Urban areas record higher consumption expenditure disparity
Monthly consumption expenditure by Scheduled Tribe (ST) households is 17.2 per cent less in rural areas and 13.5 per cent less in urban areas compared to the national average in FY24 (July-June)
 "Datanomics: Urban areas record higher consumption expenditure disparity")