Rbi

RBI approves LIC to acquire up to 9.99% stake in ICICI Bank within a year

RBI has approved LIC to acquire up to 9.99 per cent of ICICI Bank's paid-up share capital or voting rights within one year, subject to regulatory conditions

RBI's 30-day VRRR auction raises odds of rate hike in October policy

Fx reserves swell to nearly $741 bn, driven by rush of swap dollars

RBI imposes ₹6.2 lakh penalty on Hinduja Leyland Finance for violations

Central bank cites lack of a board-approved policy on microfinance loan pricing and activities amounting to synthetic securitisation following an inspection

RBI absorbs ₹6.02 trillion via VRRR auctions amid record liquidity surplus

The Reserve Bank of India (RBI) on Friday absorbed over Rs 6.02 lakh crore from the banking system through two variable rate reverse repo (VRRR) auctions as surplus liquidity remained at a record high. The central bank received and accepted bids worth Rs 5,41,975 crore in a three-day VRRR auction against the notified amount of Rs 7 lakh crore. The auction was conducted at a cut-off rate of 5.24 per cent. In another three-day VRRR auction, against a notified amount of Rs 1.5 lakh crore, banks parked Rs 60,419 crore with the RBI, also at 5.24 per cent. Together, the two operations helped the RBI absorb Rs 6,02,394 crore of surplus liquidity. The RBI has stepped up liquidity absorption operations as the banking system has been flooded with funds following large inflows through the special FCNR(B) deposit scheme. Currently, liquidity in the banking system is estimated to be in surplus of around Rs 10.32 lakh crore as on September 3, according to the RBI's data. The RBI's special fore

India's record diaspora inflows leave RBI facing potential $10.6 bn bill

India's record diaspora deposit drive could leave the RBI facing a $10.6 billion cost as inflows far exceeded expectations and raise challenges for the central bank's liquidity management

RBI steps in again to support rupee as oil prices, Asian currencies weaken

The RBI stepped up dollar sales near the start of Friday's session and continued its intervention through the day, helping the rupee withstand higher oil prices and weakness in Asian currencies

Datanomics: Dollar inflows through swap windows far exceed 2013 levels

The move, announced on August 14, aims to cap dollar inflows that have already outpaced the $26 billion raised in 2013, when then RBI Governor Raghuram Rajan launched a similar swap scheme

RBI's dollar sales, robust swap inflows lift rupee to 10-week high

Liquidity surplus at record high of ₹9.7 trn; call rate drops below 5%

FSAT idea returns as debate grows over RBI penalties, regulatory overlap

RBI Governor Sanjay Malhotra has reopened the debate over an appellate mechanism for central bank penalties, even as experts remain divided over whether another layer of oversight is needed

Bank stocks rise as strong FCNR (B) inflows boost liquidity outlook

RBI data showed banks mobilised $127.2 billion through FCNR(B) deposits, while analysts expect the inflows to support liquidity, credit growth and lower rates

Revolving credit ban will impact a larger section, NBFCs tell RBI

Industry seeks clarity on products allowing limited redraw and supply-chain finance, as well as whether recovery calls can be made through the mandated 1600-number series

RBI's Murmu urges NBFCs, HFCs to diversify funding, strengthen liquidity

Deputy Governor Shirish Chandra Murmu says diversified funding, securitisation, stronger governance and sound underwriting are key to sustainable growth in the sector

ICICI Bank mobilises $17.88 billion via FCNR (B) under RBI swap facility

The private sector lender deployed around $9 billion as loans and issued standby letters of credit worth $3.63 billion against deposits mobilised under the facility

GIFT-IFSC banks sanction $54 billion under RBI's FCNR(B) swap facility

Twenty international banking units sanctioned $54.02 billion and disbursed $52.82 billion under the facility by August-end, according to IFSCA data

FCNR (B) haul soars to $127 bn on final sprint exceeding mkt expectations

Banks mobilised $127.2 billion through the FCNR(B) swap window by August 31, taking total forex inflows under the RBI facility to $136.4 billion

RBI Deputy Governor Murmu calls for professional boards at co-op banks

Deputy Governor Shirish Chandra Murmu calls for robust internal controls, greater technology adoption and timely resolution of weak urban cooperative banks

RBI's forex swap window draws $136.37 billion, FCNR (B) leads inflows

FCNR(B) deposits accounted for $127.22 billion of the total inflows, while overseas foreign currency borrowings added $5.26 billion and ECBs $3.89 billion

FCNR(B) inflows cross $100 billion, beat RBI's $80-billion estimate: Report

The FCNR(B) window closed on Monday, but banks can use the RBI's swap facility for deposits already contracted until September 11

ICICI Bank mobilises $17.9 bn under RBI foreign currency deposit scheme

The lender has also issued $3.63 billion in ‌guarantees to other banks for loans backed by the deposits In June, the Reserve Bank of India introduced a set of foreign exchange measures

From crises to inflation: What RBI Governors' speeches tell us about policy

From Subbarao and Rajan's crisis-era outreach to Patel's reticence and Das' Governor's Statements, the RBI's communication has evolved alongside India's economic challenges