Page 50 - Latest Updates on Reserve Bank of India
Digital fintechs see double-digit jump in loans, quantum of disbursals
The data has been sourced from 34 FACE members lending to customers through their non-banking financial companies (NBFCs) in partnership with other regulated entities
 "Digital fintechs see double-digit jump in loans, quantum of disbursals")
Manmohan Singh's economic reforms left indelible mark: RBI Guv Malhotra
Singh, the former prime minister and finance minister, also served as the RBI governor between 1982 and 1985
 "Manmohan Singh's economic reforms left indelible mark: RBI Guv Malhotra")
Rupee hits record low of 85.395 on strong NDF dollar bids; RBI may step in
Rupee declined to 85.3950 to the dollar, eclipsing its previous all-time low of 85.2825 hit on Thursday
 "Rupee hits record low of 85.395 on strong NDF dollar bids; RBI may step in")
Bank frauds jump to Rs 21,367 crore in first half of FY25, shows RBI data
In April - September period of FY24, while there were 14,480 incidences of frauds, the amount involved was only Rs 2,623 crore
 "Bank frauds jump to Rs 21,367 crore in first half of FY25, shows RBI data")
RBI flags unsecured lending, private credit; calls for enhanced vigilance
Banks' gross NPA ratio further falls to 2.5 per cent in Sep 2024
 "RBI flags unsecured lending, private credit; calls for enhanced vigilance")
Over 600k loans worth Rs 27,000 cr disbursed on ULI platform: RBI report
ULI is a platform that facilitates access to financial and non-financial data, streamlining credit underwriting and creating frictionless customer journeys for a diverse range of borrowers
 "Over 600k loans worth Rs 27,000 cr disbursed on ULI platform: RBI report")
Small ticket transactions drag avg retail payments value by 48% in 3 years
The increasing adoption of digital transactions is evident in the robust growth of India's real-time payments system, Unified Payments Interface (UPI)
 "Small ticket transactions drag avg retail payments value by 48% in 3 years")
Wait for NAV and price on exchange to converge before investing
Indian fund houses have cumulatively hit the investment ceiling set by the Reserve Bank of India (RBI): $7 billion for overseas mutual fund (MF) investments
 "Wait for NAV and price on exchange to converge before investing")
Indian policymakers must balance growth amid global energy, tech shifts
While the economy is expected to recover in the second half, growth for this full financial year will be slower than initially projected
 "Indian policymakers must balance growth amid global energy, tech shifts")
Rupee's Real Effective Exchange Rate climbs to 108.14 in Nov: RBI report
REER represents the inflation-adjusted, trade-weighted average value of a currency against its trading partners
 "Rupee's Real Effective Exchange Rate climbs to 108.14 in Nov: RBI report")
Net FDI into India slows to $2.2 billion during April-October: RBI data
The slowdown in net FDI into India is consistent with trends observed in other emerging market economies, including Mexico, Vietnam, Indonesia, the Philippines, and Thailand, among others
 "Net FDI into India slows to $2.2 billion during April-October: RBI data")
Increase in rupee volatility in Dec shows little signs of abating
Implied volatility over 3-month, 6-month period remains elevated
 "Increase in rupee volatility in Dec shows little signs of abating")
State finances improve, but reforms needed to address lingering issues
The latest RBI study showed that the adoption of fiscal-responsibility rules had helped states
Rupee remains under pressure, touches new low of 85.12 per dollar
The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows
Banks lobby RBI to approve new benchmark for overnight indexed swaps
The move is intended to improve price discovery in the interest-rate swap market
2024 financial wrap: Inflation, GDP, and RBI's regulatory vigilance
The overarching theme of this year has been the RBI's new approach to vigilance
Policy rates have limited impact on food prices: MPC external members
December marked the second policy review meeting for the external members, who have a fixed four-year term
 "Policy rates have limited impact on food prices: MPC external members")
Draft Bill moots unregulated lending ban, up to 10-year imprisonment
The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs
 "Draft Bill moots unregulated lending ban, up to 10-year imprisonment")
State govt fiscal situation improves; sops may crowd out resources
Market borrowing surged 32.8% in FY24, RBI report says
 "State govt fiscal situation improves; sops may crowd out resources")
RBI's many roles hinder core monetary policy mandate, resolution is crucial
Most central banks (CB) are narrowly focused on monetary policy. The RBI has a sprawling mandate. The trouble is these roles contain many inherent conflicts
 "RBI's many roles hinder core monetary policy mandate, resolution is crucial")