Page 48 - Latest Updates on Reserve Bank of India
Bond market overlooks Budget, eyes rate cuts to offset higher borrowings
Despite the doubling in the government's debt sales since the pandemic, robust demand from long-term investors, like pension funds and insurance companies, has helped absorb supply
 "Bond market overlooks Budget, eyes rate cuts to offset higher borrowings")
Best of BS Opinion: Union Budget 2025 aims to clear multiple hurdles
From nuclear power generation to agri reforms, from a noisy middle class to central bank's moves on interest rates, the government must jump over many obstacles to achieve its objectives
 "Best of BS Opinion: Union Budget 2025 aims to clear multiple hurdles")
India Inc investments set to rebound as Economic Survey signals recovery
The RBI's report on private investments highlighted that investment intentions increased to Rs 2.45 lakh crore for FY25, compared to Rs 1.6 lakh crore for FY24
 "India Inc investments set to rebound as Economic Survey signals recovery")
Union Budget FY26: Key banking amendments in the spotlight, yet again
Among the most-watched moves pertaining to the banking sector will be possible changes to the RBI Act, the Banking Regulation Act and the Banking Companies Act
 "Union Budget FY26: Key banking amendments in the spotlight, yet again")
Banks to NBFCs, customer complaints rise as redressal system slows down
Complaints about mobile or e-banking form majority of those received by the RBI ombudsman against banks
 "Banks to NBFCs, customer complaints rise as redressal system slows down")
RBI to cut rates to 6.25% in Feb, followed by one more cut next qtr: Poll
In its Feb 1 budget, the government is not expected to increase infrastructure spending, a main driver of growth in past years, leaving the onus on the RBI to revive the $4 trillion economy
 "RBI to cut rates to 6.25% in Feb, followed by one more cut next qtr: Poll")
More the merrier? A tale of multiple self-regulatory organisations
Mint Road positions these entities as the cornerstone of compliance, but will the numerous voices unite the sector or create conflict?
 "More the merrier? A tale of multiple self-regulatory organisations")
SFBs ready with systems, governance to become universal banks: MDs & CEOs
One major benefit of becoming a universal bank is that public perception will change
 "SFBs ready with systems, governance to become universal banks: MDs & CEOs")
Banks to continue good run with caution and innovation, say PSB CEOs
The economy is very strong and on sound footing and we, as banks, typically mirror the economy
 "Banks to continue good run with caution and innovation, say PSB CEOs")
Reserve Bank of India action does not imply systemic risk, say NBFC chiefs
RBI's punitive actions over the last year have encompassed both banks and non-banks
 "Reserve Bank of India action does not imply systemic risk, say NBFC chiefs")
RBI tightens norms for imposing penalty under payment systems law
Earlier, the RBI was empowered to impose a penalty not exceeding Rs 5 lakh
 "RBI tightens norms for imposing penalty under payment systems law")
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
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")