Page 16 - Rbi Policy

RBI's new liquidity norm to free up $35 bn, likely boosting credit growth

India's banking system, which has an estimated HQLA of almost ₹45 trillion to ₹50 trillion, could have an additional ₹2.7 trillion to ₹3 trillion in lendable resources

Minors aged 10+ can open, operate bank accounts independently

Regulator says banks may offer facilities such as internet banking, ATM/debit cards, cheque books to minors

RBI allows minors above 10 years to open bank accounts independently

Minors of any age can open and operate savings and term deposit accounts through their natural or legal guardian

RBI draft directions for exports envisage more powers to authorised dealers

In a significant departure from the practice of giving detailed guidelines, the draft direction merely provides a list of RBI regulations that authorised dealers (ADs) must follow

Good Friday Bank Holiday 2025: Banks to remain closed on April 18?

This year, April 18, will be Good Friday in 2025. The RBI schedule indicates that several banks in numerous states will not be open on that day. However, nationwide, it is not a public holiday

RBI cancels licence of Ahmedabad-based Colour Merchants Co-op Bank

The Reserve Bank on Wednesday said it has cancelled the licence of Ahmedabad-based 'Colour Merchants Co-operative Bank' as the lender does not have adequate capital and earning prospects. Registrar of Cooperative Societies, Gujarat, has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank, the Reserve Bank of India (RBI) said in a statement. On liquidation, every depositor would be entitled to receive the deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs 5 lakh only from the Deposit Insurance and Credit Guarantee Corporation (DICGC). RBI further said as per the data submitted by the co-operative bank, about 98.51 per cent of the depositors are entitled to receive full amount of their deposits from DICGC. As of March 31, 2024, DICGC has already paid Rs 13.94 crore of the total insured deposits based on the willingness received from the concerned depositors of the bank. Giving reasons behind cancellation

RBI's liquidity infusion plan pushes govt bonds to over 3-year highs

Reserve Bank of India will buy bonds worth ₹40,000 crore ($4.67 billion) and will also conduct 43-day repo for ₹1.50 trillion on Thursday

Growth risks to nudge RBI towards deeper rate cuts, say economists

Growth in Asia's third-largest economy, which is under threat from slowing urban consumption and tepid private investment, could worsen because of the escalating US-China trade war

Auto, realty cos expect sales rebound after RBI slashes repo rate

Sector experts and developers said the decision could draw homebuyers back into the market, particularly in the affordable housing segment

Bank of India, UCO Bank cut lending rate in line with RBI's policy

Bank of India and UCO Bank have announced 25 basis points reduction lending rate within hours of RBI's decision to slash its policy rate on Wednesday, a move which will help existing and new borrowers. Other banks are also are expected to make similar announcements soon. Both public sector banks, in separate regulatory filings, said the rate revision has been done following the RBI's reduction in the short-term lending rate (repo rate) earlier in the day. Bank of India's new Repo Based Lending Rate (RBLR) stands at 8.85 per cent compared to 9.10 per cent earlier. The new rate would be effective from Wednesday, Bank of India said in a regulatory filing. UCO Bank said it has brought down repo linked rate to 8.8 per cent, effective Thursday.

MPC highlights: Growth estimate revisions mainly due to tariff-related uncertainties, says Malhotra

RBI MPC Meeting 2025 highlights: Catch all the latest news updates on the RBI Monetary Policy Committee meeting here

Stock Market Highlights: Sensex falls 379 points, Nifty at 22,399 pulled by IT, PSU Bank stocks

Sensex Today | Stock Market Highlights: In the broader markets, the BSE midcap and smallcap fell 0.73 per cent and 1.08 per cent respectively

RBI cuts rate by 25bps amid tariff war; here's how experts interpret it

The repo rate cut by the RBI reinforces the central bank's commitment to support economic growth

Accommodative stance, lower credit costs may boost equity market: Emkay

The likelihood of the RBI going in for another 50bps points rate cut for the rest of the calendar year is very high, says Dr Joseph Thomas, head of research, Emkay Wealth Management

UPI transaction limits set for revision: What RBI decision means for you

The RBI has announced a revision of UPI transaction limits, allowing higher payment caps for Person-to-Merchant (P2M) transactions, while keeping Person-to-Person (P2P) payments capped at Rs 1 lakh

Home loan EMIs set to fall after RBI rate cut: Tips to maximise savings

With the latest decision, EMIs are expected to come down, especially for those with repo-linked home loans

Manappuram, Muthoot slip up to 10% as RBI to review gold loan regulations

In March, reportedly, India's central bank had plans to ask lenders to follow stricter underwriting processes for gold loans and monitor the end-use of funds

RBI rate cut to hit Fixed Deposit returns: What investors can do now

This second cut in three months could affect returns for fixed deposit (FD) holders

RBI cuts policy rate by 25 bps to 6%, changes stance to support growth

The committee had changed the stance to neutral in October from withdrawal of accommodation

RBI set to cut rates for a second time as US tariffs add to risks

In February, the RBI's six-member monetary policy committee delivered its first rate cut since May 2020 amid a slowdown in the economy, which is expected to have expanded 6.5 per cent in fiscal 2025