Page 45 - Latest Updates on Reserve Bank of India
RBI to cut rates by 25 bps on June 6, then once more in August: Poll
Rates could drop more than what economists are currently expecting if a trade deal with the US fails to materialise
 "RBI to cut rates by 25 bps on June 6, then once more in August: Poll")
PayPal receives RBI nod to operate as cross-border payment aggregator
This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses
 "PayPal receives RBI nod to operate as cross-border payment aggregator")
RBI's wider risk buffer range aimed at flexibility in times of uncertainty
RBI revises CRB range to 4.5-7.5% under updated ECF, giving it flexibility to manage surplus transfers and avoid large fiscal shocks in volatile conditions
 "RBI's wider risk buffer range aimed at flexibility in times of uncertainty")
Datanomics: Govt finances get a cushion from RBI, more needed for stability
Defence expenditure was pegged at 1.4 per cent of GDP in the Budget for 2025-26 but it may widen, depending on tensions between India and Pakistan
 "Datanomics: Govt finances get a cushion from RBI, more needed for stability")
NFRA gets IndusInd Bank complaint; in talks with RBI to avoid probe overlap
The authority, however, is in talks with the Reserve Bank of India (RBI) to cross-check the investigations, including a forensic audit, that the central bank has conducted so far to avoid duplication
 "NFRA gets IndusInd Bank complaint; in talks with RBI to avoid probe overlap")
RBI's ₹2.69 trillion dividend to govt: Where does its money come from?
RBI's record dividend this year is driven by dollar sales, rupee asset earnings, and tweaks to the Jalan panel formula, giving the govt more fiscal room
 "RBI's ₹2.69 trillion dividend to govt: Where does its money come from?")
RBI plans to seek approval for overseas rupee lending to neighbours
According to Ministry of Commerce data, 90 per cent of India's exports to South Asia were to these four nations in 2024/25, amounting to nearly $25 billion
 "RBI plans to seek approval for overseas rupee lending to neighbours")
India GDP growth likely picked up in Q4 on strong rural spending: Poll
Without stronger domestic demand, GDP growth will continue to rely heavily on government spending, as it has for years
 "India GDP growth likely picked up in Q4 on strong rural spending: Poll")
Currency gains: Why increasing the risk buffer is a prudent move
The RBI has been generating higher surpluses on account of, among other things, higher interest income and foreign-exchange gains
 "Currency gains: Why increasing the risk buffer is a prudent move")
Deposit insurance cap hike likely soon, may go beyond ₹5 lakh in 6 months
The deposit insurance limit refers to the amount of savings in bank deposits whose safety is assured if a lender goes bankrupt
 "Deposit insurance cap hike likely soon, may go beyond ₹5 lakh in 6 months")
RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report
SBI says higher-than-budgeted dividend from RBI gives government room to lower FY26 fiscal deficit to 4.2 per cent of GDP or increase spending in key areas, amid strong liquidity and BoP outlook
 "RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report")
Finance ministry pulls up public-sector banks over staff misconduct
Ministry asks lenders to strengthen handling customer grievances following several incidents
 "Finance ministry pulls up public-sector banks over staff misconduct")
RBI fines Union Bank ₹63.6L, Lendbox ₹40L for regulatory breaches
A penalty of Rs 63.6 lakh has been imposed on Union Bank of India for non-compliance with the certain provisions of Banking Regulation Act, 1949
 "RBI fines Union Bank ₹63.6L, Lendbox ₹40L for regulatory breaches")
Banks must offer KYC update to reactivate inactive accounts: RBI draft
RBI's draft proposes KYC updates at all bank branches and via video to ease activation of inoperative or unclaimed accounts and reduce dormant deposit numbers
Six-member board to regulate payment systems: RBI notification
The Payments Regulatory Board will replace the Board for Regulation and Supervision of Payment and Settlement System
 "Six-member board to regulate payment systems: RBI notification")
50-bp cut in repo leads to in reduction of 10 bps in outstanding loans
Banks have reduced their repo-linked external benchmark-based lending rates by 50 bps, the same as the quantum of rate cuts so far
 "50-bp cut in repo leads to in reduction of 10 bps in outstanding loans")
Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra
The governor said India's domestic growth is supported by stable policies, healthy corporate balance sheets and strong macroeconomic fundamentals that bode well for the economy.
 "Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra")
RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra
While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted.
 "RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra")
RBI sells $34.5 bn in FY25, highest since global financial crisis
RBI sold $34.5 billion in FY25 to stabilise the rupee amid US dollar strength, with forex reserves dipping and experts predicting record surplus transfer to government
 "RBI sells $34.5 bn in FY25, highest since global financial crisis")
RBI eyes interest rate relief for borrowers with co-lending rules
Message conveyed at meet between RBI officials & fintechs
 "RBI eyes interest rate relief for borrowers with co-lending rules")