Page 48 - Latest Updates on Reserve Bank of India
Trading volume in dollar-rupee NDF hits record high on arbitrage activity
Banks executed NDF trades worth more than $161 billion at the offshore hub, a sharp rise of 140 per cent from a year ago, data from Clearing Corporation of India showed
 "Trading volume in dollar-rupee NDF hits record high on arbitrage activity")
Supply chain platform KredX secures RBI's approval to launch TReDS platform
KredX's DTX is the fifth platform to receive the banking regulator's nod to operate TReDS
 "Supply chain platform KredX secures RBI's approval to launch TReDS platform")
RBI eases curbs on NBFCs as compliance improves after supervisory actions
High interest rates and tighter regulations have been cited as contributors to weak demand and a slowdown in India's economic growth
 "RBI eases curbs on NBFCs as compliance improves after supervisory actions")
RBI's new Guv initiates review of inflation, growth forecasting tools
Malhotra, who took charge last month, is asking the RBI's internal teams to include new datasets, analysis and projections in their inflation and growth forecasts
 "RBI's new Guv initiates review of inflation, growth forecasting tools")
RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance
RBI, in October, had imposed sanctions on Asirvad Microfinance, Arohan Financial Services, DMI Finance, and Flipkart co-founder Sachin Bansal's Navi Finserv
 "RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance")
Managing multiple loans: Lower interest cost via debt consolidation
Borrowers with multiple loans-such as credit card, personal, and home loan-can pool them into one large loan with a lower interest rate
 "Managing multiple loans: Lower interest cost via debt consolidation")
RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar
Sanjay Malhotra, the new governor, hasn't spelled out his policy stance on the rupee. Yet, there are signs he may allow the currency to fluctuate more naturally
 "RBI Guv Malhotra faces calls to unshackle rupee amid surging dollar")
RBI announces names of winners of 3rd edition of Global Hackathon
The 28 finalists presented their solutions to an independent jury which selected the winners based on several parameters, including comprehensiveness, innovation, feasibility, scalability, compliance
Rupee to stay under pressure as traders eye RBI's defence of 85.80
The 1-month non-deliverable forward indicated that the rupee will open flat-to-slightly-lower from its closing level of 85.77
 "Rupee to stay under pressure as traders eye RBI's defence of 85.80")
India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts
Rural demand, services sector may lift H2 showing
 "India's FY25 GDP growth likely to remain in 6.4-6.8% range: Experts")
Risk appetite: How Indians are diversifying their savings portfolios
Expectedly, urban households display a greater inclination to adapt their investment choices to dynamic economic conditions
 "Risk appetite: How Indians are diversifying their savings portfolios")
Stop-start in currency volatility: Markets deliver consistent daily shifts
Policymakers can get export growth for some time through subsidies, whether a production-linked incentive or a falsified exchange rate
 "Stop-start in currency volatility: Markets deliver consistent daily shifts")
HDFC Bank to acquire up to 9.5% in Kotak Mahindra and AU, Capital SFBs
RBI has given approval to HDFC Bank and its group companies to collectively acquire up to 9.5 per cent of paid-up share capital or voting rights in Kotak Mahindra Bank, AU Small Finance Bank
 "HDFC Bank to acquire up to 9.5% in Kotak Mahindra and AU, Capital SFBs")
RBI removes biz restrictions on Kolkata-based Arohan Financial Services
On October 17, the regulator directed four non-banking finance companies (NBFCs) to cease and desist from sanctioning and disbursing loans
 "RBI removes biz restrictions on Kolkata-based Arohan Financial Services")
RBI clears National, Cosmos Co-operative Bank merger, effective January 6
The branches of The National Co-operative Bank, Bangalore (Karnataka), will function as branches of Cosmos Co-operative Bank Limited (Maharashtra) with effect from January 6, 2025
 "RBI clears National, Cosmos Co-operative Bank merger, effective January 6")
BharatPe parent to sell up to 25% stake in Unity SFB for $800 million
The move is in line with regulatory requirements to reduce its holding in the bank to 10 per cent by 2029, irrespective of the listing of Unity SFB, said sources
 "BharatPe parent to sell up to 25% stake in Unity SFB for $800 million")
Jefferies sees rate cuts in India in 2025; ups HDFC, ICICI Bk target price
Bank stocks today: Jefferies has retained its 'Buy' ratings on Axis Bank, ICICI Bank, HDFC Bank, and SBI, It has upgraded Kotak Bank and downgraded Bank of Baroda
 "Jefferies sees rate cuts in India in 2025; ups HDFC, ICICI Bk target price")
A flexible approach: Orderly rupee depreciation should be allowed
The rupee has a lot of catching up to do because its slide has been postponed when compared to its peer currencies and competitors
 "A flexible approach: Orderly rupee depreciation should be allowed")
Bank holidays in January 2025: Check state-wise bank holiday complete list
January Bank Holidays 2025: Banks will remain shut for 13 days in January, including certain festivals, important celebrations and national holidays. Check the complete holiday list
 "Bank holidays in January 2025: Check state-wise bank holiday complete list")
Banks urge RBI to inject liquidity via foreign-exchange swaps amid crunch
The higher financing costs are posing a challenge for the RBI to support an economy that's witnessing a slowdown in manufacturing activities