Page 43 - Latest Updates on Reserve Bank of India
RBI Guv Sanjay Malhotra cautions lenders against rising digital frauds
The governor said the RBI is introducing an exclusive domain name for banks called 'bank.in', while for non-bank entities in the financial sector the domain name will be 'fin.in'
 "RBI Guv Sanjay Malhotra cautions lenders against rising digital frauds")
Forex reserves up $1.1 bn at $630.6 bn after rising $5.58 bn in last week
The reserves increased by $1.1 billion in the reported week, after rising by $5.58 billion in the prior week
 "Forex reserves up $1.1 bn at $630.6 bn after rising $5.58 bn in last week")
Banks to have 'bank.in' internet domain name, non-banks 'fin.in': RBI
RBI Governor Sanjay Malhotra said registrations for 'bank.in' will commence from April 2025, and going forward 'fin.in' will be introduced
 "Banks to have 'bank.in' internet domain name, non-banks 'fin.in': RBI")
RBI proposes security step for international card not present transactions
AFA is the use of more than one factor for authenticating a payment instruction and was previously mandated only for domestic transactions
 "RBI proposes security step for international card not present transactions")
RBI MPC cuts repo rate by 25 bps to 6.25%: A look at latest policy rates
RBI MPC: After keeping the benchmark repo rate unchanged at 6.5 per cent for eleven consecutive meetings, the Reserve Bank of India cut rates in its February 2025 meeting
RBI announces first rate cut in nearly 5 years, keeps stance 'neutral'
Monetary policy committee decides to reduce policy rate by 25 basis points to 6.25%, says RBI Governor Sanjay Malhotra
 "RBI announces first rate cut in nearly 5 years, keeps stance 'neutral'")
RBI MPC cuts repo rate by 25 bps to 6.25%, continues with 'neutral' stance
RBI MPC: GDP forecast for financial year 2025-26 (FY26) has been pegged at 6.7%, inflation at 4.2%
 "RBI MPC cuts repo rate by 25 bps to 6.25%, continues with 'neutral' stance")
RBI MPC 2025 time, dates: When and where to watch Guv Sanjay Malhotra live
This will be the first MPC meeting since Governor Malhotra took office in December 2024, following the end of Shaktikanta Das's tenure
Markets Today: RBI MPC outcome; FIIs; M&M, ITC Q3; Chamunda IPO allotment
The Reserve Bank of India may cut the benchmark repo rate by 25 basis points to 6.25 per cent later in the day
 "Markets Today: RBI MPC outcome; FIIs; M&M, ITC Q3; Chamunda IPO allotment")
Will RBI MPC cut rates: What to expect from today's monetary policy meet
RBI monetary policy: Governor Sanjay Malhotra is expected to lower the repo rate by 25 basis points, prioritising economic growth over inflation control
Rupee hits another new low of 87.59 ahead of RBI's rate decision Friday
At the end of November, the Reserve Bank of India (RBI) had a $59 billion short position in the forward market
 "Rupee hits another new low of 87.59 ahead of RBI's rate decision Friday")
RBI directs NBFCs to disclose maximum loan charges, seek board approval
The RBI has directed large NBFCs to disclose total loan charges, including interest and fees, and mandates board approval for maximum rates to enhance transparency and fair lending practices
New RBI Governor Sanjay Malhotra expected to begin interest rate cuts
The governor is chairing an almost entirely new six-member monetary policy committee
 "New RBI Governor Sanjay Malhotra expected to begin interest rate cuts")
Markets Today: SBI, Hero MotoCorp Q3; Gold; FIIs; RBI MPC; Chamunda IPO
In the previous session, Sensex dropped 312.53 points, or 0.40 per cent, to close at 78,271.28, while Nifty50 ended lower by 42.95 points, or 0.18 per cent, at 23,696.30
 "Markets Today: SBI, Hero MotoCorp Q3; Gold; FIIs; RBI MPC; Chamunda IPO")
K Balasubramanian to succeed Ashu Khullar as India head for Citibank
Balasubramanian, a seasoned banker, has worked in multiple markets, covering clients across major industries and geographies in India
 "K Balasubramanian to succeed Ashu Khullar as India head for Citibank")
Rate cut expectations push rupee to a new low despite falling dollar index
Despite a weaker dollar index and stronger Asian currencies, the rupee depreciated due to stop-loss triggers, said dealers
 "Rate cut expectations push rupee to a new low despite falling dollar index")
IDBI Bank could increase rates on non-callable deposits post LCR norms
According to the proposed norms, stable retail deposits enabled with internet and mobile banking will have a 10 per cent run-off factor
 "IDBI Bank could increase rates on non-callable deposits post LCR norms")
Govt's cash deficit eases after RBI takes aggressive liquidity measures
The cash injection has also led to a decline in the weighted average call rate, which represents banks' overnight borrowing costs
 "Govt's cash deficit eases after RBI takes aggressive liquidity measures")
Bank gold loan disbursals up 71.3% to Rs 1.72 trillion in 9MFY25
In November 2023, the Reserve Bank of India (RBI) increased risk weight for unsecured loans by 25 percentage points to 125 per cent
 "Bank gold loan disbursals up 71.3% to Rs 1.72 trillion in 9MFY25")
Ujjivan SFB applies for a universal banking licence to expand offerings
Ujjivan SFB is the second lender after AU SFB to seek a voluntary transition into a universal bank
 "Ujjivan SFB applies for a universal banking licence to expand offerings")