Page 49 - Latest Updates on Reserve Bank of India
RBI's cash infusion to aid more rally in short bonds, says Nomura
The strategist expects the RBI to buy bonds worth Rs 3 trillion in the current financial year, with a bias towards more action
 "RBI's cash infusion to aid more rally in short bonds, says Nomura")
TMB to continue growing gold loan business in FY26, says MD & CEO Nair
The bank's total gold loan portfolio as of March 31 is a little over Rs 18,000 crore
 "TMB to continue growing gold loan business in FY26, says MD & CEO Nair")
Net ECB inflows more than double in Apr-Feb; highest in at least 5 years
Net inflows during April 2023-February 2024 stood at $8.8 billion, according to the Reserve Bank of India (RBI) data
 "Net ECB inflows more than double in Apr-Feb; highest in at least 5 years")
RBI MPC minutes: Members see need to support growth on benign inflation
The MPC decided to cut the policy repo rate by 25 basis points earlier this month, after reducing the rate by a similar magnitude in the February meeting
 "RBI MPC minutes: Members see need to support growth on benign inflation")
Coming soon: A new system to integrate netbanking, payment aggregators
This new switch being developed by NPCI subsidiary NPCI Bharat BillPay Limited (NBBL) will not leverage any existing payments system tech but will focus on creating a new system altogether
 "Coming soon: A new system to integrate netbanking, payment aggregators")
RBI provides export relaxations through warehouses in Bharat Mart in UAE
It also apply on remittances by the Indian exporter for initial as well as recurring expenses for setup and continuing business operations of its office
 "RBI provides export relaxations through warehouses in Bharat Mart in UAE")
India to remain fastest growing even as FY26 GDP forecast cut to 6.2-6.7%
India is expected to grow in the range of 6.2-6.7 per cent in the current fiscal, despite the possibility of the US economy slipping into recession
 "India to remain fastest growing even as FY26 GDP forecast cut to 6.2-6.7%")
Govt extends tenure of RBI Deputy Governor T Rabi Sankar by one year
This is the second one-year extension granted to him
 "Govt extends tenure of RBI Deputy Governor T Rabi Sankar by one year")
RBI's new liquidity norm to free up $35 bn, likely boosting credit growth
India's banking system, which has an estimated HQLA of almost ₹45 trillion to ₹50 trillion, could have an additional ₹2.7 trillion to ₹3 trillion in lendable resources
Brokerages pick bank stocks that will benefit from RBI LCR guidelines
RBI LCR norms: The Nifty Bank index hit a record high today as the LCR guidelines, as per analysts at CLSA, could potentially infuse liquidity worth ₹2.5 trillion in the system
 "Brokerages pick bank stocks that will benefit from RBI LCR guidelines")
RIL buys up to ₹10,000 crore govt bonds as market expects softer yields
According to market participants, RIL may have bought between Rs 7,000 crore and Rs 10,000 crore worth of government bonds during the second week of April
 "RIL buys up to ₹10,000 crore govt bonds as market expects softer yields")
RBI allows minors above 10 years to open bank accounts independently
Minors of any age can open and operate savings and term deposit accounts through their natural or legal guardian
 "RBI allows minors above 10 years to open bank accounts independently")
RBI mandates 2.5% additional run-off factor on digital retail deposits
Effective April 1, 2026, the final norms could help free up lendable resources by almost ₹3 trillion estimates ICRA
BluSmart users' wallet woes: 'Closed loop' model may pose refund issues
Blusmart may not earn any interest on funds in the escrow account that handles the wallet
 "BluSmart users' wallet woes: 'Closed loop' model may pose refund issues")
RBI directs banks to increase run-off rates for digital deposits
The net impact of these measures will improve banks' liquidity coverage ratio as on December-end by around 6 percentage points, the Reserve Bank of India said in a release
RBI's draft gold loan norms: Compliance cost may rise for lenders
Banks, NBFCs need to adopt standardised documentation across all branches
 "RBI's draft gold loan norms: Compliance cost may rise for lenders")
CD ratio cut won't be as steep in FY26: HDFC Bank MD & CEO Jagdishan
CD ratio of HDFC Bank to return to pre-merger levels (85-90 per cent) in FY27
 "CD ratio cut won't be as steep in FY26: HDFC Bank MD & CEO Jagdishan")
RBI draft directions for exports envisage more powers to authorised dealers
In a significant departure from the practice of giving detailed guidelines, the draft direction merely provides a list of RBI regulations that authorised dealers (ADs) must follow
 "RBI draft directions for exports envisage more powers to authorised dealers")
Ensure liquidity measures transmitted to broader market: RBI Guv to banks
RBI Governor also called banks and primary dealers for their active roles to improve liquidity and pricing for participants like cooperative banks, pension and provident funds with smaller deal sizes
 "Ensure liquidity measures transmitted to broader market: RBI Guv to banks")
India's forex reserves climb for sixth straight week, now at $677.83 bn
This is the sixth consecutive week of a rise in the kitty. The overall reserves jumped by $10.872 billion to $676.268 billion in the previous reporting week ended April 4
 "India's forex reserves climb for sixth straight week, now at $677.83 bn")