Page 2 - Latest Updates on Reserve Bank of India
RBI rejigs portfolios of DGs; Rohit Jain takes charge as deputy governor
RBI reshuffles responsibilities among its four deputy governors after Rohit Jain assumes charge, assigning key roles across supervision, policy, markets, regulation, and technology
 "RBI rejigs portfolios of DGs; Rohit Jain takes charge as deputy governor")
RBI explores steps to mobilise dollar inflows amid rising pressure on rupee
The war between the US, Israel and Iran - now in its third month - has weakened the Indian currency, adding to a near 5 per cent fall in 2025
 "RBI explores steps to mobilise dollar inflows amid rising pressure on rupee")
RBI, Irdai not inclined to allow investments in commodity derivatives: Sebi
Sebi chairman Tuhin Kanta Pandey said banking and insurance regulators have valid concerns, while the market regulator plans an advisory on risks from AI-led models like Mythos
 "RBI, Irdai not inclined to allow investments in commodity derivatives: Sebi")
Latest RBI rules for shadow lenders may put Tata Sons IPO on radar
The Reserve Bank of India this week said shadow lenders that are accepting money from associates and group entities will be counted as having indirect access to public funds
Rohit Jain appointed RBI Deputy Governor for 3 yrs, to succeed Rabi Sankar
Jain has, over a span of about three decades, served in supervisory, human resource management, banking, and other areas in the Reserve Bank
Market makers need to be responsible: RBI governor Sanjay Malhotra
With recent correction in financial asset valuations, expect improved net capital account position
 "Market makers need to be responsible: RBI governor Sanjay Malhotra")
India can grow above 7.5% without stoking inflation: RBI Deputy Governor
Reserve Bank of India says India can sustain over 7.5% growth without inflation, backed by strong BoP fundamentals and effective policy transmission
 "India can grow above 7.5% without stoking inflation: RBI Deputy Governor")
More than 77% of 880.5 mt gold reserves held domestically, says RBI
Central bank increases domestic share of gold reserves to 77.23% in FY26, with holdings rising to 680 MT even as overall forex reserves and gold value expand
 "More than 77% of 880.5 mt gold reserves held domestically, says RBI")
Hidden cost of war on wealth: Capital compounding may be less forgiving
Instead of panic, respond with preparedness; keep separate money pools of money for short-, medium-, and long-term needs
 "Hidden cost of war on wealth: Capital compounding may be less forgiving")
Bank holidays in May 2026: Check complete list, state-wise closures here
According to the RBI, banks will stay closed for 12 days out of the 31 days in May 2026. These include weekends, festivals, and regional holidays, so it is advisable to check before heading out
RBI's rupee defence faces fresh pressure as capital inflows weaken
The Reserve Bank of India took aggressive steps recently to curb speculation, yet the currency fell to a record closing low on Wednesday
 "RBI's rupee defence faces fresh pressure as capital inflows weaken")
RBI exempts smaller NBFCs, creates structured exit route for first time
RBI has exempted smaller NBFCs from registration and introduced a structured exit route, allowing eligible firms to apply for deregistration through its PRAVAAH portal
Indian govt's tactical silence on W. Asia crisis not in consumers' interest
Given our dependence on oil imports and the structural reset that may be underway, it doesn't seem like this is temporary turbulence and then a return to the old normal
RBI action on Paytm Payments Bank: What it means for One97's strategy
RBI's revocation of Paytm Payments Bank licence raises questions on governance lapses and what it means for One97 Communications' ambition to build a full-stack financial services platform
 "RBI action on Paytm Payments Bank: What it means for One97's strategy")
Nifty PSU Bank slips 2%; Canara, BoI dip 3%; why are bank stocks falling?
The RBI has issued final guidelines for transitioning to an Expected Credit Loss (ECL) framework, effective April 1, 2027, largely in line with the earlier draft.
 "Nifty PSU Bank slips 2%; Canara, BoI dip 3%; why are bank stocks falling?")
MobiKwik gets RBI's nod for non-banking financial company licence
The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering
 "MobiKwik gets RBI's nod for non-banking financial company licence")
RBI cancels Paytm Payments Bank licence; cites governance lapses
Regulator cites governance concerns; says bank has sufficient liquidity to repay all deposits upon winding up and will approach High Court
 "RBI cancels Paytm Payments Bank licence; cites governance lapses")
Bank credit grows by 15% in April 15 fortnight, shows RBI data
In the fortnight, credit contracted by 2.1 per cent or Rs 4.39 trillion, while deposits contracted by 2.2 per cent YoY or Rs 5.81 trillion
 "Bank credit grows by 15% in April 15 fortnight, shows RBI data")
NBFCs seek access to fraud registry, but may need amendment to RBI Act
Non-banking financial companies seek access to RBI's central fraud registry, arguing that limited access raises fraud risks as lending partnerships with banks deepen
 "NBFCs seek access to fraud registry, but may need amendment to RBI Act")
Best of BS Opinion: Leadership change at US Fed will test global markets
From leadership shifts at the US Federal Reserve and Apple to rupee management, GST rate cuts and climate discourse, today's Opinion page captures key economic and policy debates
 "Best of BS Opinion: Leadership change at US Fed will test global markets")