Page 14 - Rbi

RBI employee protest over new promotion policy to continue this week

The RBI Officers' Association has opposed the central bank's new promotion policy, citing delayed career progression, stagnation and lack of manpower planning

Tax benefits meant for savers must not become subsidies for sellers

Tax breaks meant for savers are increasingly enriching insurers and distributors, while mis-selling leaves ordinary investors exposed to heavy losses

RBI and ECB renew cooperation framework with updated MoU in Basel

The updated MoU between the RBI and ECB will facilitate regular information exchange, policy dialogue and technical cooperation in areas of mutual interest

Bank credit grows 16% in fortnight ended April 30, shows RBI data

Bank credit expanded 16 per cent year-on-year in the fortnight ended April 30, while deposit growth edged up to 12.3 per cent, RBI data showed

India's forex reserves fall $7.79 billion amid decline in gold reserves

India's foreign exchange reserves declined to $690 billion in the week ended May 1, led by a fall in gold reserves and foreign currency assets, RBI data showed

ATM cassette-swap rollout delayed again as banks go big on cash recyclers

Banks are deploying more cash recycling machines that allow deposits and withdrawals, reducing reliance on standalone ATMs and slowing the transition to cassette-swap cash loading systems

RBI not to consider fresh applications for full-fledged money changers

RBI has stopped fresh approvals for full-fledged money changers and directed authorised persons to phase out franchisee arrangements within two years

RBI announces Rs 75,000 crore four-day VRR auction amid surplus liquidity

The Reserve Bank of India will conduct a four-day variable rate repo auction worth Rs 75,000 crore to manage evolving liquidity conditions in the banking system

Best of BS Opinion: Government must expedite board appointments at PSBs

Today's Opinion wrap tracks RBI's bank board concerns, India's satellite strides, gaps in economic guidance, China's consumption debate, and a memoir on rural farming journeys

RBI proposes to let lenders take control of collateral after default

RBI proposes draft norms allowing lenders to acquire collateral assets only after loans turn NPAs, aiming to improve recovery outcomes while ensuring transparency and prudence

India's investment story stronger than it looks: RBI Deputy Governor

RBI Deputy Governor Poonam Gupta says India's growth and investment contribution are underestimated, while defending the current inflation target and policy continuity

India may consider lower inflation target, narrower band: RBI Deputy Guv

India could consider lowering the inflation target and trimming the tolerance band if GDP growth remains robust with a more stable inflation over the next five years, RBI Deputy Governor Poonam Gupta said on Tuesday. However, if the global environment remains as challenging as it has been during the past six years, it would warrant both predictability and flexibility inherent in the existing framework, she said. The government, after consultation with the RBI, has notified the inflation target framework for a five year period through March 31, 2031. As per the framework, the Reserve Bank has to keep inflation at 4 per cent (+/-2 per cent) from FY27-FY31. Speaking at an NCAER seminar, Gupta said the future of the inflation targeting framework in India would depend on the combination of inflation and growth outcomes as they evolve during the next five years. Also, the future inflation targeting framework would have to take into account the global shocks that the economy may have to

India's cash withdrawals surge 12% in first half of April, RBI data shows

The surge, if it persists, could pose a challenge for surplus liquidity in the banking system, which the central bank has tried to maintain to support economic activity

RBI rejigs portfolios of DGs; Rohit Jain takes charge as deputy governor

RBI reshuffles responsibilities among its four deputy governors after Rohit Jain assumes charge, assigning key roles across supervision, policy, markets, regulation, and technology

RBI cautions against unauthorised campaigns promising loan waivers

RBI warns borrowers against fraudulent loan waiver claims, urging them to approach authorised lenders directly and avoid misleading campaigns that may cause financial loss

Sebi proposes changes to SDI regulations to align with RBI directions

The proposals follow feedback highlighting differences between Sebi's regulations and RBI guidelines, particularly for securitisation transactions originated by RBI-regulated entities

Light-touch supervision may mask risks, warns RBI's Swaminathan J

RBI Deputy Governor Swaminathan J cautions that weak supervision may fuel short-term growth but conceal risks, with long-term costs borne by depositors, taxpayers, and the broader economy

RBI explores steps to mobilise dollar inflows amid rising pressure on rupee

The war ‌between the US, Israel and Iran - now in its third month - has weakened the Indian currency, adding to a near 5 per cent fall in 2025

RBI, Irdai not inclined to allow investments in commodity derivatives: Sebi

Sebi chairman Tuhin Kanta Pandey said banking and insurance regulators have valid concerns, while the market regulator plans an advisory on risks from AI-led models like Mythos

RBI, Irdai not inclined to allow commodity derivative investments: Sebi

Sebi Chairman stated that pension fund regulator had also looked at allowing pension funds to invest in commodity derivatives, but ​did not disclose whether it had made a decision