Page 15 - Rbi Policy

NiC rises to Rs 34.8 tn but growth slows with shift to higher notes

Cash usage in India has slowed since the 1990s despite NiC rising to Rs 34.8 trillion in 2024, with increased ATM access and digital adoption impacting demand

Banks seek overnight liquidity ops, easier reserve norms from RBI

RBI's main cash management tool has been the 14-day variable repo since a change in 2020 that was intended to lower banks' reliance on the RBI and push them to better predict their liquidity needs

Emirates NBD gets RBI in-principle nod to set up wholly owned subsidiary

Dubai-based Emirates NBD has received RBI's in-principle approval to convert its three India branches into a wholly owned subsidiary to deepen domestic banking services

Indian Rupee opens 24 paise lower at 85.52/$; snaps 3-day winning streak

The domestic currency began the session 24 paise lower at 85.52 after closing at 85.28 against the greenback on Wednesday

Indian Rupee trades up on strong cues; opens 21 paise higher at 85.13/$

The domestic currency opened 21 paise higher at 85.13 after ending at 85.34 against the greenback on Tuesday

RBI mandates reporting of digital lending apps via CIMS portal from May 13

RBI directs regulated entities to upload digital lending app data on the CIMS portal by June 15 to enhance transparency and streamline digital lending regulations

RBI relaxes norms for FPI investments in corporate debt securities

The Reserve Bank on Thursday relaxed norms for investments by foreign portfolio investors in corporate debt securities through the general route by withdrawing certain requirements. At present, investments by FPIs in corporate debt securities through the general route are subject to the short-term investment and concentration limit. "On a review, and with a view to providing greater ease of investment to FPIs, it has been decided to withdraw the requirement for investments by FPIs in corporate debt securities to comply with the short-term investment limit and the concentration limit," the RBI said in a circular. General route 1 for investment in government and corporate debt securities by FPIs, subject to specified investment limits and macroprudential limits.

RBI bumper payout to help offset shortfall in tax revenues, say analysts

Kotak Mahindra Bank expects RBI to transfer up to ₹3.5 trillion to the government, while IDFC First Bank estimates the dividend at around ₹3 trillion for the fiscal year ending March

RBI grants SRO status to FIMMDA for oversight of financial markets

The Reserve Bank on Wednesday said it has recognised the Fixed Income Money Market and Derivatives Association of India (FIMMDA) as an SRO in financial markets regulated by the central bank. In August last year, the RBI had issued the framework for recognition of Self-Regulatory Organisations (SROs) in financial markets. The norms were issued in view of the potential role of SROs in strengthening compliance culture among their members and also providing a consultative platform for policy making. The statement said, an application seeking recognition as an SRO in financial markets regulated by the Reserve Bank was received from the FIMMDA. "Based on an examination of the application against the relevant requirements under the framework, it has been decided to recognise FIMMDA as an SRO in financial markets regulated by the Reserve Bank," it said. FIMMDA, an association of commercial banks, public financial institutions, primary dealers, and insurance companies was incorporated as a

Amex, HSBC lead foreign banks in net credit card addition in FY25

The two banks added close to 325,000 new credit cards, with the overall banking industry adding 8 million credit cards in FY25

Longer call money trading hours likely to address liquidity mismatch

The RBI has proposed extending call money trading hours to 7 PM from 5 PM to better align liquidity with 24x7 payment systems and address mismatches in fund flows

Co-lending 2.0 gains ground, but earlier avatar continues to cast a shadow

The reality is that co-lending did not take off because banks and NBFCs had to dance around issues after blowouts in shadow banking, and iron out the finer aspects of the model

RBI imposes penalty on ICICI, Axis, BoM, IDBI, BoB for violating norms

ICICI, Axis, Bank of Baroda, Bank of Maharashtra and IDBI Bank penalised by RBI for breaches including delayed reporting, excessive charges, and non-compliant operations

RBI seeks 'vostro' accounts investment cap removal to push Rupee trade

The holders of such accounts can invest in Indian government debt without registering as foreign portfolio investors (FPIs), as overseas investors have to

Change is coming: Why RBI wants more Rs 100, Rs 200 notes in ATMs

Regulator seeks to help people in having cash for small purchases though digital financial transactions are growing

ATM withdrawals to cost more after free limit from May 1

From May 1, ATM withdrawals beyond free limits will cost ₹23 per transaction, as RBI hikes the cap on bank charges.

RBI has room for more rate cuts, but with caution, says rate panel member

Going forward, continuing policy easing - both rate cuts and liquidity infusions - could eventually alter the growth-inflation

High SDF balances signal asymmetric liquidity conditions: RBI Bulletin

RBI report highlights precautionary cash hoarding and uneven fund distribution in banking system

RBI asks banks to complete migration to bank.in domain by October 31, 2025

The actual registration process was expected to commence from April, with detailed guidelines to be issued later

Govt bond yields inch up following RBI's revised liquidity norms

The RBI has mandated a 2.5 per cent additional run-off factor for retail deposits linked to internet and mobile banking (IMB) facilities for commercial banks