Rbi

RBI proposes simplified foreign investment rules, seeks public comments

RBI said the proposed norms are aimed at enhancing ease of doing business

Strong response to RBI's swap scheme prompts $60-70 bn inflow forecasts

Foreign banks appear to have driven the early success of the RBI's swap scheme, say experts

RBI's inflow push gets strong start, fortifying India's balance of payments

In its first update since the scheme was launched in early June, the Reserve ‌Bank of India said the measures had mobilised $20.72 billion through July 17

Paytm Wallet comeback? One97 seeks RBI nod for fresh PPI licence

The fintech company is looking to revive its wallet business with a fresh PPI licence application, following the RBI's cancellation of Paytm Payments Bank's licence

New CEO will ensure continuity of strategy at South Indian Bank: Seshadri

Seshadri said as the bank is not offering leverage, their proposition is attractive to smaller depositors and customers in geographies where leveraged products do not enjoy tax advantage

Rupee weakens to 2-month intraday low on crude rally; RBI likely intervenes

The rupee slipped to a two-month intraday low as higher crude oil prices and West Asia tensions weighed on sentiment, with likely RBI intervention helping limit losses

RBI attracts $20.7 billion through forex steps to bolster capital inflows

The scale of ‌inflows is in particular focus for ​the rupee, which is facing renewed pressure ‌from a sharp rise in oil prices amid renewed hostilities in the Middle ‌East

India's outward FDI falls 47.9% to $3 billion in June: RBI data

India's outward FDI commitments fell 47.9 per cent year-on-year to $3 billion in June as equity, debt and guarantee commitments declined, according to RBI data

Empower Internal Ombudsmen, use feedback to strengthen institutions: RBI DG

RBI Deputy Governor says boards and senior management should ensure Internal Ombudsmen function independently and use complaint data to improve governance and customer service

Forex inflows from concessional swap scheme at $20.72 bn till July 17: RBI

The RBI said inflows under its concessional swap schemes reached $20.72 billion till July 17, led by FCNR(B) deposits, while India's outward FDI fell nearly 48 per cent in June

Lagging on FCNR (B) deposit collections, banks pin hopes on Sept-end rush

Banks expect FCNR-B deposit mobilisation to accelerate before the RBI's September 30 deadline, even as early collections by several public lenders trail their stated targets

RBI intervenes to support rupee as it nears record low on oil price surge

The Reserve Bank of India sold dollars in both offshore and onshore markets, traders familiar with the matter said

India FX traders eye oil prices, RBI defence; bonds bulls await index call

The rupee closed at 96.28 per dollar on Friday, down ​about 1% on the week, its steepest drop since May, the month in which the currency hit its all time-low of ‌96.96

HDFC Bank board to soon decide on CEO reappointment, says deputy MD

The Governance, Nomination and Remuneration Committee is expected to conclude the process soon before the proposal is sent to the RBI for regulatory approval

Private banks see corporate loan demand rising as bond funding gets costly

Leading private lenders expect lending momentum to continue after strong June-quarter growth, with companies increasingly opting for bank loans over costlier bond market borrowings

RBI's currency printing arm invites bids for polymer note material

The move marks India's first formal procurement step towards polymer banknotes, though the Reserve Bank of India has not announced denominations or a timeline for their introduction

Will continue to prioritise inflation, says RBI governor Sanjay Malhotra

"We have to watch out for monsoon… how it progress because a significant population depends on agriculture," he said

RBI imposes penalties on Muthoot Finance, others for compliance violations

The Reserve Bank of India (RBI) on Friday announced that it has imposed monetary penalties on six companies, including non-bank lender Muthoot Finance, for non-compliance with various regulatory norms. The central bank imposed a Rs 5.80 lakh penalty on Muthoot Finance, Rs 3.10 lakh each on Satya MicroCapital and PAN Emami Cosmed, Rs 2.70 lakh each on Dhani Loans and Services and Muthoot Vehicle and Asset Finance, and Rs 6.20 lakh on Avail Financial Services, notifications said. Muthoot Finance was penalised for failing to put in place a system of periodic review of risk categorisation of accounts and non-deployment of robust software for effective identification and reporting of suspicious transactions, the RBI said. The monetary penalty on Avail Financial Services was imposed as the managing director of the company held directorship in two other NBFCs-Middle Layer, and the company had breached the regulatory single party exposure limit. The central bank imposed a monetary penalty

RBI issues consolidated norms for Special Rupee Vostro Accounts and trade

The central bank has merged instructions issued since 2022 into a single circular, retaining the framework for rupee-denominated settlement of cross-border trade transactions

RBI conducts two VRR auctions as liquidity surplus dips below ₹1 trillion

The central bank held two variable rate repo auctions after banking system liquidity surplus dropped below Rs 1 trillion, while the 10-year bond yield rose 3 basis points