Page 5 - Latest Updates on Reserve Bank of India
RBI Guv Malhotra signals rates to stay low for 'long period': Report
The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time, governor said
 "RBI Guv Malhotra signals rates to stay low for 'long period': Report")
RBI to act only if rupee volatility rises beyond a point: Neelkanth Mishra
Mishra said rupee is expected to average around 90 per dollar by June 2026 and weaken further to 92 per dollar by June 2027
 "RBI to act only if rupee volatility rises beyond a point: Neelkanth Mishra")
HDFC Bank gets RBI approval to buy up to 9.5% stake in IndusInd Bank
The RBI has allowed HDFC Bank and its group firms to buy up to 9.5 per cent stake in IndusInd Bank within one year, as the private lender faces losses and governance issue
 "HDFC Bank gets RBI approval to buy up to 9.5% stake in IndusInd Bank")
Banks asked to offer basic services to customers at all branches
Lenders nudged to cut charges and maintain uniformity
 "Banks asked to offer basic services to customers at all branches")
Stablecoins can undermine trust in currency, financial system: RBI dy guv
Sankar highlighted that stablecoins do not serve any purpose that cannot be served by fiat money
 "Stablecoins can undermine trust in currency, financial system: RBI dy guv")
Banks bring back in-person verification as digital fraud risks escalate
Banks are slowing down fully online account opening after a rise in mule accounts and digital fraud; lenders are now adding in-person checks and branch visits to make customer verification stronger
 "Banks bring back in-person verification as digital fraud risks escalate")
Indian rupee turmoil reminds investors of 2013 'fragile-five' crisis
The seeds of the Fragile-Five debacle were sown by the Reserve Bank of India buckling under political pressure and cutting rates in 2012 amid soaring fiscal deficits and untamed inflation
 "Indian rupee turmoil reminds investors of 2013 'fragile-five' crisis")
Rupee hits fresh low on outflows and US trade deal delay; bond yields ease
Rupee depreciated to a fresh all-time low as foreign outflows and uncertainty over the US-India trade deal pressured sentiment, while an RBI OMO purchase auction helped soften government bond yields
 "Rupee hits fresh low on outflows and US trade deal delay; bond yields ease")
PSBs eye M&A market but face talent, pay and regulatory hurdles ahead
Banks planning to enter this line of business need to prepare on several fronts, from raising payouts and hiring specialised talent to navigating potential governance challenges
 "PSBs eye M&A market but face talent, pay and regulatory hurdles ahead")
RBI revises cash credit and overdraft norms to boost monitoring, discipline
The Reserve Bank of India has introduced revised norms governing cash credit, current and overdraft accounts, aiming to give banks greater operational flexibility while strengthening credit discipline
 "RBI revises cash credit and overdraft norms to boost monitoring, discipline")
RBI completes bond buys, takes FY26 total to a record high of ₹3.16 trn
The central bank bought 500 billion rupees ($5.53 billion) of bonds at higher-than-expected cutoff prices, lifting secondary-market yields
ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost
ADB has sharply raised India's FY26 growth forecast to 7.2% on stronger consumption post tax cuts, while inflation estimates have been lowered as prices soften and demand strengthens
 "ADB raises India's growth forecast by 70 bps to 7.2% on consumption boost")
RBI proposes full disclosure of forex transaction costs for retail users
RBI has proposed that authorised dealers give retail users a full break-up of transaction costs for forex cash, tom and spot contracts, including all fees, exchange rates and conversion charges
SBI MD flags concerns on Account Aggregator's single consent mechanism
Speaking at an event, Tiwari argued that most customers do not read the fine print and often sign up without understanding the details
 "SBI MD flags concerns on Account Aggregator's single consent mechanism")
Days after rate cut, RBI Governor Malhotra prods bank CEOs to lower costs
RBI Governor Sanjay Malhotra urged banks to lower intermediation costs, improve service quality, and strengthen fraud safeguards, citing faster transmission after recent rate cuts
 "Days after rate cut, RBI Governor Malhotra prods bank CEOs to lower costs")
RBI overlap relief averts 2-6% hit to bank groups' advances, says CRISIL
CRISIL said RBI's final guidelines allowing overlapping lending within bank groups avert a 2-6 per cent hit to advances for 12 large groups, while keeping key NBFC and ARC proposals
Airpay gets RBI nod to operate as cross-border payment aggregator
The milestone positions airpay as a homegrown full-stack payments infrastructure provider for Indian enterprises, D2C brands and SMEs for both domestic and global markets
 "Airpay gets RBI nod to operate as cross-border payment aggregator")
Fino Payments Bank will adopt a cautious approach to lending: MD & CEO
Fresh off its RBI nod, Fino Payments Bank plans a cautious but differentiated path as it transitions into a small finance bank-with digital scale, low-cost liabilities and secured lending at its core
 "Fino Payments Bank will adopt a cautious approach to lending: MD & CEO")
Rate Cut effect: PFC, Sidbi plan to raise ₹11,000 crore from bond market
PFC had earlier withdrawn a Rs 3,000 crore three-year bond issuance on November 25 due to elevated corporate bond yields
 "Rate Cut effect: PFC, Sidbi plan to raise ₹11,000 crore from bond market")
We expect deposit rates to moderate after this rate cut, says RBI
RBI Governor Sanjay Malhotra said inflation remains benign and policy remains neutral, adding that future rate moves will depend on data and effective transmission
 "We expect deposit rates to moderate after this rate cut, says RBI")