Page 6 - Latest Updates on Reserve Bank of India
FCNR(B) inflows trail expectations as rupee comes under fresh pressure
The rupee weakened as initial FCNR(B) deposit inflows fell short of market expectations, though analysts said it was too early to assess the success of the RBI's measures
 "FCNR(B) inflows trail expectations as rupee comes under fresh pressure")
RBI Grade B 2026 admit card for Phase 2 released online; how to download
The Reserve Bank of India (RBI) has issued the RBI Grade B 2026 admit card for Phase 2 on its official website. The bank will hold the RBI Grade B exam for Phase 2 on July 25 and 26
 "RBI Grade B 2026 admit card for Phase 2 released online; how to download")
Banks courting corporate clients for merger and acquisition financing
Banks are pitching M&A financing to corporate clients after RBI's new norms, setting the stage for stronger competition with private credit funds
 "Banks courting corporate clients for merger and acquisition financing")
RBI proposes stricter data governance framework for banks, NBFCs
The RBI has proposed a comprehensive data governance framework for banks and NBFCs, focusing on customer consent, data quality, third-party sharing and board oversight
 "RBI proposes stricter data governance framework for banks, NBFCs")
Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge
The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets
 "Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge")
RBI proposes one-time nod for MFs, insurers to raise bank stakes
The central bank has proposed a one-time approval mechanism for mutual funds, insurers and pension funds to acquire major shareholding in banks, replacing repeated approvals
 "RBI proposes one-time nod for MFs, insurers to raise bank stakes")
Oil prices and monsoon uncertainty will shape RBI's inflation outlook
June inflation rose above the RBI's 4% target, with food, oil prices and monsoon risks clouding the outlook, making a status quo on rates the likely policy choice
 "Oil prices and monsoon uncertainty will shape RBI's inflation outlook")
Commercial papers explained: How companies raise short-term funds
Companies raised a record ₹5.37 trillion through commercial papers in the first quarter of FY27. Here's what they are, who issues them and why their use is rising
 "Commercial papers explained: How companies raise short-term funds")
India draws nearly $10 billion under RBI's deposit drive to support rupee
The RBI announced a zero-cost foreign-exchange swap facility at its June 5 policy meeting for deposits raised from non-resident Indians, allowing banks to offer higher returns on such deposits
 "India draws nearly $10 billion under RBI's deposit drive to support rupee")
India asks state-owned banks to step up foreign currency deposits
The Centre has asked state-run banks to intensify efforts to mobilise NRI deposits as policymakers seek to strengthen foreign exchange reserves
 "India asks state-owned banks to step up foreign currency deposits")
The poor's savings: The next frontier for NPCI and RBI Innovation Hub
For savings, the risk of default or malfeasance is borne by the vulnerable customer and, therefore, the regulator is cautious in allowing any latitude in experiments with savings products
 "The poor's savings: The next frontier for NPCI and RBI Innovation Hub")
Coming soon: KYC from home for NRIs, foreigners looking to invest in India
"Video KYC is blocked for IP (Internet Protocol) addresses outside India. we are seeing how to mitigate risks & open it up," said a Finmin official
 "Coming soon: KYC from home for NRIs, foreigners looking to invest in India")
Trai says 1600-, 140- number series can't be tagged and filtered
The telecom regulator said designated 1600 and 140 number series used for banking, financial and government communications cannot be tagged, blocked or filtered by apps
 "Trai says 1600-, 140- number series can't be tagged and filtered")
Avoid a costly early exit: Steps before surrendering an insurance policy
Assess the policy's returns, risks and liquidity restrictions, and ensure that you can sustain the premiums throughout its term
 "Avoid a costly early exit: Steps before surrendering an insurance policy")
Banks priority sector lending models may need a rethink, says SBI report
With banks comfortably exceeding lending targets and PSLC trading surging, experts say the RBI may need to revisit the priority sector lending framework to better serve financial inclusion goals
 "Banks priority sector lending models may need a rethink, says SBI report")
RBI faces $100 billion unwinding challenge after record defence of rupee
With a spate of recent measures expected to attract foreign capital, the RBI has started trimming its massive short dollar forward position, a stock of commitments to sell the greenback at future date
 "RBI faces $100 billion unwinding challenge after record defence of rupee")
RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years
Yet another public sector banker takes charge of a pvt bank; Stock plunges 8.5%
 "RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years")
RBI reiterates call for crypto curbs; tax department warns of evasion risks
India has allowed cryptocurrencies to exist in a grey zone since a court in 2018 struck down Reserve Bank of India (RBI) policies that effectively banned them
 "RBI reiterates call for crypto curbs; tax department warns of evasion risks")
Rupee tumbles to one-month low; crude spike pushes bond yields higher
The rupee recorded its sharpest one-day fall in a month on rising crude oil prices and renewed West Asia tensions, while the benchmark 10-year government bond yield climbed
 "Rupee tumbles to one-month low; crude spike pushes bond yields higher")
Indian banks curb short-term debt sales as RBI aids cheaper forex funding
No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI
 "Indian banks curb short-term debt sales as RBI aids cheaper forex funding")