Page 15 - Rbi

Kaizad Bharucha seen as strong contender for HDFC Bank's MD & CEO post

HDFC Bank's CEO succession race is heating up, with Kaizad Bharucha emerging as a strong internal contender alongside senior bankers from ICICI, Tata Capital and CSB Bank

NBFC body urges RBI to ease proposed curbs on revolving credit products

The industry body said forcing borrowers to take a full-term loan in advance could result in higher interest costs

Bank deposits shrink as lenders cut high-cost bulk funds amid FCNR inflows

Aggregate deposits decline by ₹6,534 crore and bank credit by ₹70,639 crore in the fortnight ended August 15; credit-deposit ratio moderates to 81.72 per cent

Vodafone Idea closer to SBI loan; RBI may tighten liquidity; commercial funding doubles & more

Vodafone Idea is believed to have moved closer to securing funding for its capital expenditure plan, with SBI agreeing to sanction its share of the loan. The telecom operator agreed to provide guarant

Ex-RBI chief Raghuram Rajan urges Fed to hike rates, relaxed on rupee

Markets expect Fed will boost borrowing costs in December as inflation remains elevated, while a sharp rise in bond yields indicates that investors are also pricing in some chance of a September move

Govt to buy back ₹30,000 cr securities on Sep 3 amid surplus liquidity

The Reserve Bank of India (RBI) on Friday announced the buyback of government securities worth Rs 30,000 crore on September 3. The auction will take place on September 3, between 10:30 AM and 11:30 AM on the Reserve Bank of India Core Banking Solution (E-Kuber), the RBI said in a notification. The government will buy back securities such as 7.33 per cent GS 2026, 5.74 per cent GS 2026, 8.15 per cent GS 2026, and 8.24 per cent GS 2027, the notification said. The central bank has not notified any amount for the individual securities within the aggregate ceiling of Rs 30,000 crore. Auction for securities will be conducted using multiple price methods, the RBI said. This comes at a time when the liquidity in the banking system is in huge surplus and the central bank has been conducting variable rate reverse repo (VRRR) auctions to remove excess surplus liquidity from the system. The central bank, so far in August, has conducted 21 VRRR auctions to remove excess surplus liquidity from

RBI relaxes weekly access rule for FCNR(B) swaps above $100 million

Banks can now access the concessional dollar-rupee swap facility for transactions above $100 million without waiting for their designated weekly window

Datanomics: Corporation earnings may have depressed GDP growth

Even at seven per cent, the GDP growth rate in the first quarter would be a four-quarter low, though higher than 6.8 per cent in the year-ago period.

RBI receives ₹1.42 trillion bids against ₹2 trillion in overnight VRRR

Central bank will conduct a three-day VRRR auction on Friday to absorb ₹3 trillion from the banking system; surplus liquidity stood at ₹3.75 trillion on Wednesday

Bond traders expect RBI to drain surplus liquidity as rate hikes loom

India's banking-system liquidity surplus has averaged more than 3.4 trillion rupees ($36 billion) so far in August and is expected to expand further

RBI may tighten liquidity via iCRR before resorting to repo rate hike

The RBI may use an incremental CRR to absorb rising surplus liquidity before raising the repo rate, as core liquidity could approach ₹10 trillion in coming weeks

Commercial sector funding more than doubles to ₹10.65 trn in April-July

Non-food bank credit jumped to ₹6.69 trillion from ₹0.73 trillion a year earlier, while total outstanding credit from bank and non-bank sources rose 17.4 per cent by July-end

Banks, NBFCs to reset partnership terms with fintech firms

RBI's draft data governance norms and DPDP rules are pushing banks and NBFCs to reassess fintech partnerships, contracts and third-party data risks

Inclusive lending

Economists have shown that information asymmetry can produce adverse selection and that markets can lose good opportunities when one side does not have enough information about the other

RBI net buys $561 million in June amid foreign inflows: Monthly bulletin

The central bank turned a net dollar buyer for the first time since February, while its outstanding net short position in the forward market declined in June

₹2 trillion credit card spending a month becomes the new normal: RBI data

Average monthly credit card spends rose to Rs 2 trillion in January-July 2026 from Rs 1.93 trillion in 2025, while cards outstanding increased to 122.86 million

Monsoon revival 'partly mitigates' agri sector risks: RBI's August Bulletin

FDI flows revives in June: Robust Q1 eco momentum continued in July

Rupee leads Asian currencies; bond yields ease as crude slips below $90

The rupee settled 0.35 per cent higher at 95.41 per dollar as central bank intervention and falling crude prices lent support; benchmark bond yields also eased

Economy shows notable resilience despite global headwinds: RBI bulletin

The economy has demonstrated notable resilience to the ongoing global headwinds, characterised by buoyant domestic demand and rising manufacturing and services activity, the latest Reserve Bank bulletin said on Tuesday. An article in the August bulletin also said the recovery in southwest monsoon in July helped kharif crop sowing reach closer to normal acreage, partly mitigating some of the risks to the agriculture sector. However, the global economic outlook continues to be shaped by geopolitical frictions in West Asia and fresh tariffs by the US, said the article on 'State of the Economy'. "The momentum of Q1 2026-27 continued in July with most of the high-frequency indicators reflecting sustained manufacturing and services activity, and double-digit expansion in merchandise exports and imports," it said. The article further said while headline consumer price index (CPI) inflation edged up above the target, it was primarily on account of supply-side pressures. Stable core inflati

RBI proposal to curb NBFCs' revolving credit may choke MSME funding

Reserve Bank's proposal to bar NBFCs from providing revolving credit will disrupt legitimate working-capital finance used by small and medium enterprises, industry body FISME said on Tuesday, as it urged the central bank to reconsider the plan. The Federation of Indian Micro and Small and Medium Enterprises (FISME) has flagged concerns on the 'Draft Reserve Bank of India (Non-Banking Financial Companies Credit Facilities) Amendment Directions, 2026' issued earlier this month, saying a blanket ban on revolving credit by NBFCs may choke MSMEs' working capital. In the draft, the Reserve Bank of India (RBI) has proposed that "NBFC shall only offer credit products which are in nature of term loans and shall not offer any revolving credit products". The central bank has sought stakeholders' feedback on the draft till August 28, 2026. FISME said that NBFCs play a critical role in serving enterprises, geographies, sectors and ticket sizes that are often not adequately served by banks. It