Page 13 - Rbi

Religare's board inducts three Burman family members, Jimeet Modi

Religare Enterprises has approved the induction of three Burman family members and Samco Group founder Jimeet Modi to its board, marking a key step in the company's leadership transition

India's forex reserves fall by $2.7 bn to $687 bn in early November

India's foreign exchange reserves dropped by another USD 2.699 billion to USD 687.034 billion during the week ended November 7, the RBI said on Friday. The forex kitty has been on a declining trend for the past few weeks, and had decreased by USD 5.623 billion to USD 689.733 billion in the previous reporting week. For the week ended November 7, foreign currency assets, a major component of the reserves, decreased by USD 2.454 billion to USD 562.137 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Value of the gold reserves declined by USD 195 million to USD 101.531 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 51 million to USD 18.594 billion, the apex bank said. India's reserve position with the IMF was unchanged at USD 4.772 billion in the reporting we

Banking system credit grows 11.3% in October 31 fortnight: RBI data

According to the data, banking system credit stood at Rs 193.9 trillion, while deposits stood at Rs 241.7 trillion during this period

India's Q2 economic growth may have surpassed RBI's 7% projection

Economists see growth above 7% in July-September, backed by consumption revival, robust capex, and steady industrial output; RBI had earlier pegged Q2 GDP at 7%

Indian MFs pivot to ultra-short debt as rate outlook clouds bets

The Reserve Bank of India's next monetary policy decision is due on December 5 and despite inflation falling to a record low, swap markets are not pricing in a rate cut

Banks move to '.bank.in' domain from '.com': Here's why RBI made the change

Starting October 31, the Reserve Bank of India asked all banks to move their websites to the new '.bank.in' domain to stop phishing scams

The uncertain comfort on prices: Inflation may stay low but risks rise

Inflation could stay low for some time, but should be viewed with caution amid global risks and climate change

Draft ECL framework: Banks plan to move RBI for lower Stage-II floor

Banks are planning to make a representation to the regulator shortly. The deadline for submitting feedback on the draft ECL framework is November 30

RBI recognises SRPA as self-regulatory body for payment system operators

The RBI has recognised the Self-Regulated PSO Association (SRPA) as an SRO for payment system operators, marking a key step in strengthening oversight and governance in digital payments

Wrong bank charge or failed payment? RBI's portal helps you fight back

The central bank's online redressal system ensures your grievance doesn't go unheard.

Sebi flags valuation concerns in corporate deals, calls for more safeguards

Sebi's Kamlesh Chandra Varshney voiced concerns over inflated valuations in IPOs and corporate arrangements, urging stronger frameworks to protect minority shareholders and simplify compliance

Festive season, GST relief boost per-credit card spend by 15% annually

Credit card spending zoomed during the festival season, aided by a rationalisation of GST rates, with private lenders leading the way

Govt to retain cap on voting rights for major bank shareholders: Report

The government is also planning to more than double the foreign-investment cap in state-owned lenders to 49%, Reuters reported last week

RBI flags concern over elevated bond yields; OMO unlikely in November

RBI engages with market participants amid widening India-US yield spread; bond purchases unlikely before final CRR cut at month-end

RBI likely to meet banks and dealers on Tuesday amid liquidity strain

The meeting, though without a formal agenda, is expected to focus on current market conditions, the traders said, declining to be named as they are not authorized to speak to the media

RBI's forward book expands after six months as it mounts rupee defence

The FX forward book reflects positions in both non-deliverable forwards (NDF) and the onshore forward markets, which had peaked in February

RBI's nod for banks' M&A funding may force tweak to sensitive sector norms

Bankers say that given the substantial exposures banks will have to take for M&A financing, the current ceiling for banks' exposure to the sensitive sectors is likely to be a hurdle

A new wave of reforms set to sweep banking, boost capital and growth

At this juncture, allowing higher foreign stake in PSBs is the right call. It will help them increase capital and scale up business

RBI board meets in Udaipur, reviews economic, geopolitical developments

The Reserve Bank's central board on Friday held a meeting in Udaipur and reviewed global and domestic developments. "The Board assessed the emerging global and domestic economic landscape, including the evolving geopolitical and financial market developments and associated challenges," an official statement from the central bank said. It "assessed" the activities of Deposit Insurance and Credit Guarantee Corporation (DICGC), the statement, which comes amid announcements on steps to increase the coverage amount under the scheme, said. Select Central Office Departments' working, including the Consumer Education and Protection Department, was also reviewed by the board, it added. This was the 619th meeting of the central board of directors of the RBI, it said, adding that Governor Sanjay Malhotra chaired the meeting. Deputy Governors T Rabi Sankar, Swaminathan J, Poonam Gupta and S C Murmu, and other directors, including financial services secretary M Nagaraju, economic affairs secre

BS BFSI Insight Summit: Educating customers in cybersecurity a long road

Experts at the Business Standard BFSI Summit call for a zero-trust approach and greater awareness as AI threats rise and customer education remains a long journey