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Climate change affects financial system, need regulatory checks: RBI Dy Guv
Rao said the RBI has been proactive to mitigate the climate change risks that may impact the financial system
 "Climate change affects financial system, need regulatory checks: RBI Dy Guv")
Net growth in deposits higher than advances by Rs 5.68 trn between 2020-24
Deposit growth of Indian banks had been lagging behind credit growth since the fortnight ending March 25, 2022
 "Net growth in deposits higher than advances by Rs 5.68 trn between 2020-24")
Want to grow loans cautiously: Yes Bank MD & CEO Prashant Kumar
Prashant Kumar discussed the bank's deposit strategy, loan growth trajectory, the status of stake sale, and other key developments
 "Want to grow loans cautiously: Yes Bank MD & CEO Prashant Kumar")
Amid regulatory overhaul, Axis Bank awaits RBI nod on Axis Finance's future
Options under consideration include absorbing non-banking financial company (NBFC) into bank, pursuing a public listing, or reducing its shareholding in NBFC below a specified threshold
 "Amid regulatory overhaul, Axis Bank awaits RBI nod on Axis Finance's future")
RBI lifts supervisory restrictions on Sachin Bansal-led Navi Finserv
Following the imposition of restrictions on Navi, the lender cancelled a scheduled fund raising activity of Rs 100 crore. Rating agency CRISIL had also put Navi's ratings on "rating watch"
 "RBI lifts supervisory restrictions on Sachin Bansal-led Navi Finserv")
RBI directs banks to urgently reduce inoperative or frozen accounts
This includes enabling seamless Know Your Customer (KYC) updates through mobile or internet banking, non-home branches, video customer identification processes, and more
 "RBI directs banks to urgently reduce inoperative or frozen accounts")
Bajaj Fin exits co-branded credit card biz, ends tieup with DBS India, RBL
RBI restricted co-brand partners' role to distribution only
 "Bajaj Fin exits co-branded credit card biz, ends tieup with DBS India, RBL")
Closer coordination among regulators key to NBFC stability: RBI DG
The RBI has implemented a scale-based regulatory framework for the NBFC sector, categorising them based on their scale of operations and potential interconnectedness
 "Closer coordination among regulators key to NBFC stability: RBI DG")
Credit card spends rise 14.5% in October on festive season purchases
Net addition in cards in October stood at 786,337
 "Credit card spends rise 14.5% in October on festive season purchases")
We want to create an all-weather franchise: Axis Bank's Amitabh Chaudhry
''Our ambition at that time was to become the number one player in our identified areas of businesses''
 "We want to create an all-weather franchise: Axis Bank's Amitabh Chaudhry")
RBL Bank and Bajaj Finance end co-branded credit cards partnership
RBL Bank partnered with Bajaj Finance in 2016 to issue co-branded credit cards for a period of five years. The partnership was renewed for another five years in 2021
 "RBL Bank and Bajaj Finance end co-branded credit cards partnership")
Deposit growth slightly outpaces credit growth at 11.21%: RBI data
Credit growth had been exceeding deposit growth since the fortnight ending March 25, 2022, leading to a widening gap that reached as much as 700 basis points (bps) at its peak
 "Deposit growth slightly outpaces credit growth at 11.21%: RBI data")
Bank of India, BoB mop up Rs 8,500 crore via bonds amid strong demand
SBI has raised Rs 50,000 crore through domestic bonds in FY25
 "Bank of India, BoB mop up Rs 8,500 crore via bonds amid strong demand")
100% FDI in insurance may attract global firms, boost competition: Experts
Six new players have entered the industry in the last few years, marking the first additions in the life insurance in over a decade and the first in the general and health insurance segments in nearly
 "100% FDI in insurance may attract global firms, boost competition: Experts")
HDFC Life reports data leak, begins investigation with security experts
Previously, Star Health and Allied Insurance had to launch a forensic investigation, led by independent cybersecurity experts, into a cyberattack it was subjected to
 "HDFC Life reports data leak, begins investigation with security experts")
Bima Sugam's capital requirement goes up significantly to Rs 500 crore
During the two-day Bima Manthan held in Hyderabad, insurance companies were informed of the revised capital requirement for Bima Sugam, amounting to Rs 500 crore over 4-5 years
 "Bima Sugam's capital requirement goes up significantly to Rs 500 crore")
Forex reserves log sharpest weekly drop; fall $17.76 bn to hit 4-month low
The previous highest weekly fall in foreign exchange reserves was $15.5 billion, recorded for the week ended October 24, 2008, during the global financial crisis
 "Forex reserves log sharpest weekly drop; fall $17.76 bn to hit 4-month low")
Adani group: State Bank of India has Rs 33,800 cr exposure, shows data
Meanwhile, among private banks, who only 4 per cent share in Adani group's debt, Yes Bank, ICICI Bank, IDBI Bank, and IndusInd Bank, and others have substantial exposure to the group
 "Adani group: State Bank of India has Rs 33,800 cr exposure, shows data")
Forward guidance loses steam in downward cycle: RBI's Deputy Governor Patra
Patra said that under heightened uncertainty, discretion in forward guidance has increasingly gained legitimacy among major central banks
 "Forward guidance loses steam in downward cycle: RBI's Deputy Governor Patra")
Monetary policy must reflect uncertainty in decision-making: RBI's Patra
Monetary policy may be 98 per cent talk and only 2 per cent action, but the cost of sending the wrong message can be high, Patra cautioned