Rbi

Base-year revision to facilitate calibrated policies: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says base year revision of GDP, CPI and IIP will enable more calibrated policymaking, improve inflation targeting and better reflect India's evolving economy

New FEMA regulations for exports and imports to take effect from Oct 1

RBI notifies new FEMA export-import regulations effective October 1, 2026, tightening reporting timelines for banks and mandating stricter monitoring via EDPMS and IDPMS

RBI to set up central complaints processing centre under Ombudsman Scheme

Complaints filed online will be registered on the RBI's Complaint Management System portal, while those received through email or post will be processed centrally by the CRPC

Indian bonds kept out of Bloomberg index; RBI clears SMBC India arm; Growth to attract foreign capital & more

Bloomberg Index Services said Indian government bonds will not be included in the Bloomberg Global Aggregate Index for now due to pending operational and market infrastructure assessments.

RBI clears Japan's SMBC to set up wholly owned subsidiary in India

Months after acquiring a 24.21% stake in Yes Bank, Japan's SMBC has received RBI's in-principle approval to set up a wholly owned banking subsidiary in India

RBI mandates auto transfer of unresolved plaints to internal ombudsman

The RBI has directed banks and eligible NBFCs to automatically escalate partially resolved or rejected complaints to the internal ombudsman and convey final decisions within 30 days

RBI asks banks to meet forex risk capital norms on continuous basis

The RBI has proposed changes to how banks calculate net foreign exchange exposure, requiring them to maintain capital for forex risk on a continuous, end-of-day basis

Bank credit to grow 13% in FY27 despite high LDR constraints: Ind-Ra

India Ratings expects bank credit to grow 13 per cent in FY27, supported by GST rationalisation, lower inflation and improved consumption, though high loan-deposit ratios remain a challenge

Japan's SMBC gets RBI's in-principle nod for wholly owned arm in India

The in-principle approval allowed the bank to set up the wholly owned subsidiary through the conversion of its existing branches in the country

RBI recognises FEDAI as self-regulatory organisation for authorised dealers

The Reserve Bank of India has recognised FEDAI as a self-regulatory organisation for authorised dealers, giving it a year to align governance and operations with the Omnibus SRO framework

RBI looks to resume UCB licences after 22 yrs; moots ₹300 cr min capital

CAR not less than 12%; net NPA not above 3%

The board's 2026 agenda: Evolving amid uncertainty and sharper scrutiny

Overseeing how regulations affect strategies and processes in an uncertain environment, amidst sharper scrutiny from institutional and retail investors, will shape the priorities for the year ahead

Financial activities on non-financial platforms pose challenges: RBI DG

Regulatory actions taken within individual mandates may be sound in isolation yet collectively may not fully address such cross-cutting risks, Murmu said

RBI may introduce licensing regime for corporate business correspondents

Currently, fintechs operating in the segment are not directly regulated by the RBI, with partner banks assuming responsibility for the actions of the companies they contract

Strong domestic growth will attract foreign investments: RBI Governor

The six-member Reserve Bank of India's Monetary Policy Committee had revised its growth forecast for the current financial year to 7.3 per cent in December from 6.8 per cent in October

UPI user base can more than double to 1 billion: RBI Deputy Governor

There is a lot of scope and opportunity for expanding digital payment in the country and UPI has the potential to more than double to 1 billion users from the current base of 400 million, Reserve Bank Deputy Governor T Rabi Sankar said on Tuesday. About 50 per cent of global retail payment transactions are done in India but even then in terms of the number of digital transactions per person, it has to catch up with many advanced economies. Citing an example of Kenya, the RBI Deputy Governor said, digital transaction per person in Kenya is roughly double than what India has. The National Payments Corporation of India (NPCI), an RBI-0promoted body which created and operates UPI, had launched a USSD-based service to enable UPI access for feature phone users, within months of the launch of the main platform for smartphone users in 2016. " The active users of UPI are about 400 million. We are targeting 1 billion users. So...there is a lot of scope, there is a lot of distance that we nee

RBI gets bids three times notified amount at buy-sell swap auction

At the auction, the central bank received 348 bids worth $29.94 billion and accepted 42 bids, with the cut-off premium set at 728 paise

Datanomics: Remitting money to India from US now becomes costlier

Sending money from the US to India has become costlier after a 1% excise tax on cash-based remittances took effect from January 1, 2026

Can't treat compliance as a quarter-end activity: RBI DG Swaminathan J

RBI's Swaminathan urges banks to strengthen compliance, operational resilience, data governance, and third-party risk management to prevent disruptions and improve supervision

Optimum credit-deposit ratio for banks is 76-80%, says SBI report

CD ratio of banks stood at 82% as of December 15