Page 14 - Rbi

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

RBI Dy Guv reaffirms crypto scepticism, says CBDC will grow step by step | BFSI Summit 2025

The Reserve Bank of India (RBI) will continue to take a measured approach in developing its Central Bank Digital Currency (CBDC), prioritising careful assessment over speed,

RBI Dy Guv reaffirms crypto scepticism, says CBDC will grow step by step

RBI Deputy Governor T Rabi Sankar said the central bank will take a calibrated approach to rolling out the digital rupee, maintain its firm stance against cryptocurrencies, and push for rupee globalis

India's growth at 6.5% allows scope for policy easing: RBI Dy Guv Gupta | BFSI Summit 2025

The Reserve Bank of India (RBI) Deputy Governor Poonam Gupta on Wednesday said that India is growing steadily at 6.5 per cent, with a forecast of 6.8 per cent for the year.

SBI's Setty discusses technology spending, talent retention and RBI reforms | BFSI Summit 2025

State Bank of India (SBI) Chairperson C S Setty on Wednesday said India’s overall credit growth remains strong.

RBI brings back more gold from abroad after West freezes Russia's reserves

As of the end of September, the RBI held 880 tonnes of gold, of which 576 tonnes were stored domestically - an all time-high

RBI directs banks to offer nomination facility; customers can opt out

New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI

RBI denies approval for Dia Vikas Capital's 5% stake purchase in ESAF SFB

The central bank has refused approval for Dia Vikas Capital's proposed 5% stake purchase, prompting ESAF SFB's board to review its promoter scheme and next steps

Gold reserves rise $31 bn in FY26 as RBI buys, prices hit record high

India's gold reserves climbed to $108 billion as global prices surged and the RBI added to its holdings, diversifying forex reserves amid rising global uncertainty

RBI returns Jana SFB's application seeking universal banking licence

Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.

RBI likely to increase the number of NBFCs under upper layer list

RBI may expand the upper layer of NBFCs amid rising size and interconnectedness, bringing more large public and private sector NBFCs under enhanced regulatory norms

LinkedIn clash: RBI economist accuses SBI of plagiarism in report

An RBI economist accused SBI of plagiarism, saying its Ecowrap report copied RBI's monetary policy research; SBI rejected the claim, calling it 'sensational'

RBI proposes to allow banks to fund domestic, overseas acquisitions

Draft rules propose bank financing for domestic and overseas M&A, PSU divestments, and IPO subscriptions; framework to take effect from April 1, 2026

RBI proposes lower risk weight for NBFC loans to infrastructure projects

Draft norms define high-quality infrastructure projects, aim to reduce capital burden for NBFCs and align risk weights with actual project performance

Emirates NBD-RBL deal, credit revival, RBI warns of geopolitical risks to global payments & more

Emirates NBD to acquire 60% stake in RBL Bank UAE-based Emirates NBD will invest around $3 billion for up to a 60% stake in RBL Bank, the largest cross-border investment in an Indian private lender.

Forex reserves jump by $4.496 billion to $702.28 billion, shows RBI data

India's forex reserves increased by USD 4.496 billion to USD 702.28 billion for the week ended October 17, as the value of gold reserves rose further, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by USD 2.176 billion to USD 697.784 billion. For the week ended October 17, foreign currency assets, a major component of the reserves, decreased by USD 1.692 billion to USD 570.411 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of the gold reserves jumped by USD 6.181 billion to USD 108.546 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 38 million to USD 18.722 billion, the apex bank said. India's reserve position with the IMF fell by USD 30 million to USD 4.602 billion in the reporting week, according to t

NPCI says teething issues persist in same-day cheque clearing system

NPCI says minor issues remain in the T+0 cheque clearing process introduced on October 4, assuring customers that all cheques are being cleared the same day

RBI flags geopolitical tensions as key risk to cross-border payments

The RBI's latest Payments System Report warns that geopolitical tensions could disrupt global payment systems, even as India's digital payments and UPI transactions surge

Rethinking India's Monetary Policy Framework: A response to the RBI Review

Former RBI Chair Professor Charen Singh says the 4 per cent inflation target stifles growth and jobs, calling for a flexible 5-7 per cent range and a band-only framework instead of a fixed point targe