Page 45 - Latest Updates on Reserve Bank of India
Bank holidays in February 2025: Banks to remain closed on these days
A list of bank holidays in February 2025 has been released by the Reserve Bank of India (RBI). Due to regional festivals, banks will be closed for 14 days next month
 "Bank holidays in February 2025: Banks to remain closed on these days")
Banks, importers seen lapping up India central bank's $5 billion FX swap
Central bank will conduct a 6-month dollar/rupee buy-sell swap, one of its many planned measures aimed at injecting liquidity worth about Rs 1.5 trillion ($17.33 billion) into the banking system
 "Banks, importers seen lapping up India central bank's $5 billion FX swap")
Reserve Bank of India's $5 billion swap shakes up rupee and bond markets
Forward premiums dip, rupee slides, and bond yields fluctuate
 "Reserve Bank of India's $5 billion swap shakes up rupee and bond markets")
Experts see change of tack in Reserve Bank of India's liquidity handling
They say central bank is focused on durable relief rather than ad hoc support
 "Experts see change of tack in Reserve Bank of India's liquidity handling")
RBI must come out with road map for NBFCs to become banks: Umesh Revankar
As and when the RBI comes out with a roadmap, we will relook at the way we do business and make the necessary changes, Umesh Revankar, Executive Vice-Chairman, Shriram Finance said
 "RBI must come out with road map for NBFCs to become banks: Umesh Revankar")
PNB, Axis Bank, HDFC Bank others rise as RBI announces liquidity measures
Brokerages believe central bank's actions set the stage for a repo rate cut in February
 "PNB, Axis Bank, HDFC Bank others rise as RBI announces liquidity measures")
RBI's liquidity move boosts rate cut expectations: Canara Bank MD & CEO
I personally feel that steps may start addressing concern only from April onwards. In two months, the banking industry, most of them, will be aggressive on the top line, K Satyanarayana Raju said
 "RBI's liquidity move boosts rate cut expectations: Canara Bank MD & CEO")
MobiKwik, Cred first non-banks to offer CBDC, launches e-rupee wallet
The wallets support transactions up to Rs 10,000 per transfer with a daily limit of Rs 50,000
 "MobiKwik, Cred first non-banks to offer CBDC, launches e-rupee wallet")
Reserve Bank of India tightens vigil on P2P lending after revising rules
Seeks qualitative details about lenders' operations
 "Reserve Bank of India tightens vigil on P2P lending after revising rules")
RBI supersedes Aviom India Housing Finance's board, appoints administrator
The regulator said it "intends to shortly" initiate the process of resolution of the company under the Insolvency and Bankruptcy Code (IBC)
RBI supersedes board of Aviom India Housing Finance on governance concerns
Aviom India Housing Finance caters to low-income households in semi-urban areas and provides loans to women borrowers who do not have any formal income documentation
 "RBI supersedes board of Aviom India Housing Finance on governance concerns")
Slice to rebrand as Slice Small Finance Bank after North East SFB merger
The merged entity has received a no-objection certificate from the Reserve Bank of India (RBI) for the rebranding exercise
 "Slice to rebrand as Slice Small Finance Bank after North East SFB merger")
MSME industry bodies seek RBI support for easier priority sector lending
The official further said that the RBI only partially restored this classification to the extent of Rs. 20 lakh per borrower. Hence, NBFCs funding to MSEs is now restricted
 "MSME industry bodies seek RBI support for easier priority sector lending")
Reserve Bank of India ombudsman resolves 95% of complaints in FY24
Complaints rise 32 per cent in FY24
 "Reserve Bank of India ombudsman resolves 95% of complaints in FY24")
A Budget beyond popcorn: Focus on capex and consumer-driven growth
The government needs to spend more on capex and allow consumers to have money in their pockets if it wants growth. Let's focus on the real issues
 "A Budget beyond popcorn: Focus on capex and consumer-driven growth")
Forum to fight for retail consumers is critical: FREED's Ritesh Srivastava
With the RBI's intervention by way of risk weighting, retail credit growth has slowed down to around 16.3 per cent year-on-year as of late November 2024
 "Forum to fight for retail consumers is critical: FREED's Ritesh Srivastava")
Microfinance sector seeks support to tackle its several challenges
Microfinance has shown capability and resilience in every crisis: Demonetisation or Covid-19. Attention to the issues it faces can make the sector even more vibrant
 "Microfinance sector seeks support to tackle its several challenges")
Runaway retail credit growth highlights urgent need to protect consumers
What you can't get away from is the retail credit story is at an inflection point
 "Runaway retail credit growth highlights urgent need to protect consumers")
Rate cut alone not sufficient, economists tell RBI
Bank CEOs to meet for pre-policy talk on Monday
Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar
He further stated that as technology, especially artificial intelligence (AI), rapidly advances, the banking sector must adapt
 "Banks must collaborate, not compete on technology front: RBI DG Rabi Sankar")