Page 5 - Rbi Governor

Fada seeks RBI intervention on private banks delaying auto loan rate cuts

The Federation of Automobile Dealers Associations has sought the Reserve Bank of India's intervention against alleged delays by private banks in transmission of the interest rate cuts to automobile buyers. In a letter to RBI Governor Sanjay Malhotra, the Federation of Automobile Dealers Associations (FADA) also called for a review of private banks' repo-rate pass-through lags in the auto-loan portfolio and issue corrective directives to ensure uniform 100 per cent transmission to auto borrowers. "Under your leadership, the RBI has delivered the fastest series of policy-rate reductions in its history, a clear positive signal for the economy. Yet, this benefit is not fully visible in the auto-retail sector. While public-sector banks pass on repo-rate cuts to auto borrowers immediately, many private banks delay transmission on the pretext of internal cost-of-funds assessments," FADA Vice President Sai Giridhar said. In order to ensure that private banks also transmit the benefit of the

'UK trade pact will help us, India must sign more', says RBI Guv Malhotra

RBI Governor Sanjay Malhotra said the UK-India FTA will benefit India's manufacturing and services sectors, adding that multilateralism has taken a back seat and more such pacts are needed

RBI Dy Guv bats for global unity, tech transfer to fight climate change

RBI Deputy Governor M Rajeshwar Rao has called for enhanced global cooperation including technology transfer and R&D funding to deal with challenges posed by the climate change. Stressing that no country can achieve net-zero in isolation, he said climate change is the quintessential global challenge and so the response. Rao was speaking at the Conference on Green Infrastructure Finance at College of Agriculture Banking, RBI here recently. "There is a requirement of enhanced global cooperation in this regard which must also extend to technology transfer, R&D funding, and skills development to enable development of technical expertise to identify, design, and structure bankable sustainable and green infrastructure projects," he said. The Reserve Bank posted his speech on its website on Friday. The Deputy Governor said that the focus needs to shift from project-based finance to overall market development with policy reforms, development of a project pipeline, and consistent ...

Bids for RBI's 7-day VRRR auction fall short of notified amount

Receive bids worth ₹1.51 trn against notified amount of ₹2.5 trn

'Growth', guv's tie colour likely to signal rate moves: SBI's report

SBI explores correlations between policy language and RBI Governor's tie colours, suggesting subtle textual and visual cues may foreshadow monetary policy changes

RBI Governor Sanjay Malhotra to appear before House panel on July 10

RBI Governor Sanjay Malhotra and top bank officials to appear before finance panel on July 10 as part of its ongoing review of the Insolvency and Bankruptcy Code

Art and science of central banking: RBI governors since 1991 reforms

While the liberalisation led to higher economic growth, it didn't leave the subsequent governors without any challenges

Grace under fire: RBI represents a crisis manager's balancing acts

Since 1991, RBI has played key role in averting crises that posed a threat to India's economy

I did not follow my karma as I feared failure: RBI Guv Sanjay Malhotra

In an emotional address at IIT-Kanpur, RBI Governor Sanjay Malhotra shared memories from his student life, challenges in bureaucracy and the value of trust, ethics and courage

Keep learning, question the status quo, RBI Guv Malhotra tells IITians

Never stop questioning the status quo and keep learning because karma largely determines outcomes, RBI Governor Sanjay Malhotra said on Monday as he went down memory lane and shared his thoughts with IIT students. An alumnus of IIT Kanpur, Malhotra also emphasised that trust is the foundation on which any relationship is built, whether it is marriage, friendship, or at the workplace - between the CEO and the employees, or between a company and its consumers. Malhotra recalled his days at IIT Kanpur and sounded nostalgic as he even mentioned his roll number while delivering the address at the 58th convocation of the institute. As a fellow alumnus, roll number 85213, who has experienced life after campus, Malhotra said there are four learnings from his journey -- learning for life, questioning the status quo, pursuing virtuous karma and trust. "Remember that learning is for life. The moment one is not learning, it is a signal that one is not growing; one is not advancing. It is ...

RBI Governor's remarks soothe bond market; rupee hits 2-month low

Yields dip after RBI eases rate concerns; rupee weakens on Middle East tension, crude oil rally, and tariff fears as dollar demand from oil importers weighs

Policy space to open up if inflation is below projections: RBI Governor

Reserve Bank of India Governor Sanjay Malhotra reiterated that the RBI will continue to watch the incoming data on inflation and growth, and take a call

Going by past trends, transmission has happened much faster: RBI

Governor Sanjay Malhotra says monetary transmission is already outpacing past trends; FY26 growth projection held at 6.5%, but upside potential remains

RBI reviewing bank ownership structure, says Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra says the central bank is examining bank ownership structure and eligibility norms for licensing to meet the growing needs of an expanding economy

Stock Market close highlights: Sensex up 747 pts, Nifty tops 25k as investors cheer RBI rate cut

Sensex Today | Stock Market close highlights, Friday, June 6, 2025: RBI MPC cut repo rate cut to 5.5%, more-than-expected. The announcement triggered a sharp rally in bank, auto, real estate stocks

Indo-Pak conflict had minimal impact on economy, says RBI Governor

Reserve Bank Governor Sanjay Malhotra on Friday said the India-Pakistan conflict, following the Pahalgam attack in which 26 civilians were killed, had negligible impact on economic activity. After the terror attack in Pahalgam on April 22, in which 26 people were killed, Indian armed forces launched Operation Sindoor and hit terror infrastructure in Pakistan. Indian armed forces on May 7 carried out missile strikes on nine terror targets in Pakistan and Pakistan-occupied Kashmir, including the Jaish-e-Mohammad stronghold of Bahawalpur and Lashkar-e-Taiba's base in Muridke. In retaliation, Pakistan, too, launched its offensive and bordering districts were affected. "The conflict... had a very, very limited, negligible impact on economic activity. It did have some impact for those days, especially in northern India, airports being closed, air passenger traffic did certainly decrease, but there was no major supply chain disruption, etc," he said. So, he said, it does not have any imp

RBI Guv flags crypto concerns, says it may hamper financial stability

RBI Governor Sanjay Malhotra on Friday said the central bank is concerned about cryptocurrencies as it can hamper financial stability. Malhotra was replying to a question during a media interaction post the RBI monetary policy about the developments in the backdrop of the Supreme Court's observation on crypto currency last month. "There is no new development as far as crypto is concerned. A committee of the government is looking after this. Of course, as you are aware, we are concerned about crypto because that can hamper financial stability and monetary policy," Malhotra said. The Supreme Court has last month asked the Centre to formulate a "clear cut" policy on regulating cryptocurrency, while underlining its impact on the economy. A Supreme Court bench termed the Bitcoin trade as an illicit trade more or less like "hawala" business. India is currently working on a discussion paper for cryptocurrencies and an inter-ministerial group (IMG), comprising officials from RBI, Sebi and

RBI set to ease rules for small-ticket gold loans: Guv Sanjay Malhotra

In April, the Reserve Bank of India had proposed stricter rules for monitoring and disbursement of gold loans, which are often used by low-income borrowers

RBI delivers a jumbo surprise; more reasons for INR to underperform: Nomura

The policy outlook will depend on the macro outlook. We see downside risks to the RBI's GDP growth and CPI inflation outlooks, said Nomura, in a note.

'We've won the inflation battle': RBI Guv Sanjay Malhotra on rate cuts

RBI Governor Sanjay Malhotra says inflation is under control as repo rate is cut to 5.5%, CRR lowered to 3% and policy stance turned neutral to support growth and banking system liquidity