Page 7 - Latest Updates on Reserve Bank of India
CBDC adoption may take 2-3 years as banks struggle with tech, incentives
CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee
 "CBDC adoption may take 2-3 years as banks struggle with tech, incentives")
RBI proposes to make use of UTI mandatory for OTC derivative transactions
The RBI stated that the UTI-generating entity will be determined based on a "waterfall table," which assigns the responsibility for UTI generation in a sequential manner
 "RBI proposes to make use of UTI mandatory for OTC derivative transactions")
Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report
Forex clearing transactions rose from 16.6 lakh transactions worth Rs 466 trillion in 2020 to 26.3 lakh transactions amounting to Rs 885 trillion in 2024
 "Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report")
Digital payments made up 99.7% of transaction volume in 2024: RBI report
The payments ecosystem in India has witnessed remarkable growth in recent years, said the RBI's half-yearly Payment System Report, June 2025
 "Digital payments made up 99.7% of transaction volume in 2024: RBI report")
RBI warns cheap steel imports, dumping threaten India's domestic producers
India's steel imports rose 22 per cent in 2023-24 due to cheaper global prices, but growth slowed in the second half of 2024-25 after safeguard duties were imposed to curb dumping
 "RBI warns cheap steel imports, dumping threaten India's domestic producers")
Large pvt banks see green shoots, expect credit demand revival in H2FY26
Attribute this to fiscal, monetary measures
 "Large pvt banks see green shoots, expect credit demand revival in H2FY26")
Travel, education drag outward remittances under RBI's LRS in August
India's outward remittances fell 17.7% YoY to $2.6 bn in August 2025, led by lower travel and overseas education spending amid tightening US visa norms
 "Travel, education drag outward remittances under RBI's LRS in August")
Commercial banks may not need RBI approval for floating subsidiaries
Regulator to emphasise on non-duplication of businesses
RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6
The central bank remained a net dollar seller for the fourth straight month as the rupee weakened; REER slipped further, signalling lower currency competitiveness
 "RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6")
ECL framework to improve banks' overall credit culture: Indian Bank CEO
We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, said Indian Bank's CEO Binod Kumar
 "ECL framework to improve banks' overall credit culture: Indian Bank CEO")
Global banks bet billions on deals in India amid US credit jitters
Foreign investors are pouring billions into Indian banks, betting on the country's growth and stability even as global peers grapple with credit losses, trade tensions, and rising financial risks
 "Global banks bet billions on deals in India amid US credit jitters")
Emirates NBD is here for 15-20 years: RBL Bank CEO R Subramaniakumar
The $3 billion deal marks the largest cross-border investment in an Indian private lender, with plans to double RBL's branch network and boost market share
 "Emirates NBD is here for 15-20 years: RBL Bank CEO R Subramaniakumar")
Scope for providing more monetary boost to growth: MPC member Ram Singh
Ram Singh signals potential for multiple rate cuts in FY26-FY27, citing low inflation and scope for accommodative monetary policy to support growth
 "Scope for providing more monetary boost to growth: MPC member Ram Singh")
Yields unlikely to drop sharply; favour short-to-medium bonds: Avnish Jain
25-bps rate cut by December looks likely, but RBI's neutral stance and global uncertainties mean yields may not fall sharply, says Jain
 "Yields unlikely to drop sharply; favour short-to-medium bonds: Avnish Jain")
Credit growth inches up to 11.4% in October 3 fortnight: RBI data
Data from the RBI show outstanding credit in the system stood at Rs 192.66 trillion, while deposits stood at Rs 240.98 trillion.
Bank Holiday on Diwali 2025: Check state-wise list of bank closures
Diwali, a five-day festival beginning with Dhanteras on October 18 and ending with Bhai Dooj on October 23, will also bring several bank holidays across states during the festive week
 "Bank Holiday on Diwali 2025: Check state-wise list of bank closures")
RBI initiatives helping cross-border trade, payments: Governor Malhotra
RBI Governor Sanjay Malhotra said linking UPI with global fast payment systems and building sovereign platforms will boost cross-border trade, improve efficiency, and lower costs
 "RBI initiatives helping cross-border trade, payments: Governor Malhotra")
Tata Sons may seek similar relief from RBI as Shanghvi Finance: Lawyers
Tata Sons, meanwhile, repaid ₹20,642 crore in FY23 to become a net debt-free company before seeking declassification as an NBFC, according to its annual report
 "Tata Sons may seek similar relief from RBI as Shanghvi Finance: Lawyers")
RBI doesn't target any specific level of rupee: RBI Gov Sanjay Malhotra
Inflation targeting framework improved credibility, transparency of monetary policy
 "RBI doesn't target any specific level of rupee: RBI Gov Sanjay Malhotra")
MPC Minutes: Members see scope for more rate cuts, await full impact
MPC members see room for easing as inflation cools, but hold rates steady to gauge the full impact of earlier policy steps
 "MPC Minutes: Members see scope for more rate cuts, await full impact")
