Page 2 - Finance News

A dovish pause: RBI holds steady, rate hike off the table in FY27

The RBI cited uncertainties around the monsoon, El Nino, geopolitics and global trade while opting to keep policy rates unchanged for a fourth meeting

No early closure of FCNR (B) swap window: RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says mobilisation under the concessional FCNR(B) swap window remains robust, with no proposal to close the scheme before its September 30 deadline

22 years later, RBI set to resume UCB licensing through on-tap framework

The Reserve Bank of India will soon issue draft guidelines for on-tap licensing of urban co-operative banks, setting stringent eligibility norms for credit co-operative societies seeking conversion

MPC announcements: RBI's stance may boost bond market, says fund managers

Debt fund managers view the RBI's policy as supportive for bonds, but differ on duration strategy, with some favouring long-duration papers and others preferring shorter maturities.

Rupee, bonds rise on geopolitical relief, trim gains post RBI policy

The rupee strengthened and government bond yields eased on geopolitical relief and lower crude prices before both pared gains after the RBI's policy announcement and Governor Sanjay Malhotra's remarks

Rural economy became more resilient in past 15 years: Poonam Gupta

RBI Deputy Governor Poonam Gupta says higher irrigation coverage, allied activities, mechanisation and better crop varieties have made the rural economy and agriculture more resilient.

RBI to absorb ₹1.5 trillion via VRRR as liquidity tops ₹3 trillion

The Reserve Bank will conduct a seven-day variable rate reverse repo auction after surplus liquidity in the banking system crossed Rs 3 trillion, keeping overnight rates close to the SDF

CBDC, ULI adoption gains pace as RBI expands use cases: Rohit Jain

RBI says CBDC and ULI adoption is accelerating as live transactions expand, with new use cases, more lenders and wider state participation driving growth

RBI proposes to harmonise framework on interest rates on advances: Malhotra

The proposed framework seeks to standardise loan pricing, benchmark reset dates and interest calculation practices while strengthening transparency and consumer protection

Talks on UPI MDR structure still premature, says RBI Governor Malhotra

Governor Sanjay Malhotra says discussions on a merchant discount rate for UPI are premature, stressing the need for sustained investment to strengthen India's digital payments infrastructure.

RBI says bulk deposit norms aim to improve transparency, standardisation

Governor Sanjay Malhotra says the RBI's revised bulk deposit framework seeks to improve transparency and standardise deposit rate disclosures without making major changes to existing norms.

RBI to issue cyber fraud SOP after refining draft over next four weeks

Deputy Governor Swaminathan J says the RBI has submitted a draft standard operating procedure to the Supreme Court and will refine it before issuing it to regulated entities.

RBI sees liquidity surplus peaking in September before normal absorption

Governor Sanjay Malhotra says surplus liquidity is likely to peak around September before being absorbed through higher currency circulation, reserve requirements and maturing forex forwards

RBI Governor rules out early withdrawal of FCNR(B) deposit scheme

The RBI said its FCNR(B) deposit scheme will continue as planned after attracting billions in NRI deposits. It is also preparing to introduce polymer banknotes by early FY28

Explained: Why RBI wants to restart UCB licensing after a two-decade pause

After a 20-year freeze, the RBI is preparing to issue new UCB licences as reforms, stronger oversight and improving financial health reshape the cooperative banking sector

RBI MPC lowers FY27 inflation forecast to 5%, projects GDP growth at 6.7%

RBI MPC August: The policy committee kept the repo rate unchanged at 5.25 per cent, and the committee maintained its 'neutral' stance

RBI to issue new draft norms for urban cooperative bank licensing shortly

The proposed framework sets capital, asset quality and governance criteria for cooperative credit societies seeking to become urban cooperative banks after a two-decade pause

RBI MPC keeps repo rate unchanged at 5.25%, maintains 'neutral' stance

RBI MPC August meeting: At its policy meeting, held between August 3 and August 5, the committee maintained its 'neutral' stance

RBI MPC keeps repo rate at 5.25%, retains neutral stance amid global risks

The RBI retained its neutral monetary policy stance while revising its FY27 inflation forecast to 5 per cent and raising its economic growth projection to 6.7 per cent

Foreign inflows unlikely to lift rupee significantly in coming months

Foreign investors turned ‌net buyers of Indian equities in July for the first time in 5 months, while the RBI's measures to attract foreign exchange, announced in June, have drawn more than $40 bn