Page 16 - Rbi

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

We are well capitalised right now: Navi Finserv MD & CEO Abhishek Dwivedi

'Our target group has been young middle class. Over the years, we have graduated to a slightly higher ticket size doing about Rs 1.5 lakh in average ticket size in unsecured credit or personal loans;

SBI flags 'chalk and cheese' divide in RBI's monetary policy signals

SBI Research says the MPC minutes carried a more hawkish tone than the RBI governor's remarks, leaving markets uncertain about the future course of interest rates

Govt appoints Mathew, Sinha, Akbaruddin as part-time RBI board directors

Annie George Mathew, Janmejaya Sinha and Syed Akbaruddin have been appointed part-time, non-official directors on the RBI's central board for four-year terms

RBI absorbs ₹1.41 trn surplus liquidity via VRRR, announces fresh auction

The central bank absorbed ₹1.41 trillion through seven-day and overnight VRRR auctions at 5.24 per cent, and announced a ₹1.75 trillion two-day auction for Tuesday

Govt appoints ex-diplomat Akbaruddin, two others to RBI central board

The central government has appointed former diplomat Syed Akbaruddin, ex-bureaucrat Annie George Mathew, and consultancy BCG India Chairman Janmejaya Kumar Sinha to RBI central board. They have been appointed as part-time, Non-official Directors on the Central Board of Reserve Bank of India for four years with effect from August 24 or until further orders, whichever is earlier, the central bank said in a release on Monday. Last week, the government had re-appointed industrialist Anand Gopal Mahindra as part-time, Non-official Director on the board. Former ISRO Chairman Somanath Sreedhara Panicker was also appointed on the board last week. Other members of the board include Revathy Iyer, a retired officer from the Indian Audit & Accounts Service, who went on to become the Deputy Comptroller and Auditor General, Government Accounts, and Sachin Chaturvedi, Director General of think tank Research and Information System for Developing Countries (RIS). Governor Sanjay Malhotra, deputy .

Strong inflows via RBI's swap schemes lift reserves, fail to boost rupee

As RBI largely maintains hands-off approach to intervention

Time to evaluate AI's risks to institutions amid growing strategic concerns

Frontier AI is emerging as a systemic operational and geopolitical risk, underscoring the need for India to build stronger AI evaluation, oversight and resilience frameworks

Wow! No listed bank has even 1% net NPA

This is a rare phenomenon in the Indian banking industry. What's more, nine banks have half a per cent or more net NPAs

Foreign currency assets fuel $50 bn forex reserve surge since June-end

Reserves have risen by nearly $50 billion since the last week of June, while foreign currency assets increased by $7.23 billion and gold reserves gained $2.68 billion

HDFC, PNB lead banks lining up for the next wave of dollar bonds

HDFC Bank's latest $1.75 billion fundraise through the twin dollar bond issuance takes the bank's total fundraising through dollar bonds over the past two months to $2.5 billion

Bond yields harden, rupee slips on hawkish MPC, rising crude oil

Benchmark 10-year government bond yield rose to 6.85% during the week, while the rupee weakened to 95.71 per dollar amid higher crude prices and hawkish MPC signals

RBI aims to absorb ₹2.5 trillion via seven-day VRRR auction on Monday

The banking system had a liquidity surplus of Rs 3.5 trillion on Thursday, while banks parked Rs 95,970 crore in the three-day VRRR auction on Friday

RBI swap window boosts deposits, but may trim bank NIMs by 3-15 bps

Banks have already mobilised $52.3 billion under RBI's concessional swap window, helping deposit growth and LDRs, but analysts expect NIM dilution of 3-15 basis points

RBI Central Board reviews global, domestic risks to economic outlook

The RBI's Central Board also reviewed various areas of the central bank's operations, including the functioning of its committees and the Ombudsman Scheme

Bajaj Finance: Why Nomura is bullish despite competition, regulatory risks

Bajaj Finance shares have gained 12.56 per cent so far in 2026 and 22.18 per cent in a year. On Friday, the blue-chip NBFC stock was trading flat.

HDFC Bank raises $1.75 billion in dollar bonds, taps RBI swap window

India's largest private sector lender seeks to tap three- and five-year bonds in its second dollar issuance in two months, as banks capitalise on RBI's concessional swap window

Govt reappoints Anand Mahindra to RBI Board; Somanath Panicker joins

Both will serve as part-time, non-official directors for four years from August 20, 2026, or until further orders, whichever is earlier

Shifting expectations

In the minutes, RBI Governor Sanjay Malhotra argued that there was a need to remain watchful of a broadbased increase in inflation and de-anchoring of expectations

Strong demand at RBI liquidity mop-up auctions; another ₹1.5 trn on Friday

RBI receives cumulative bids of Rs 1.91 trillion against the notified Rs 1.5 trillion as banks seek higher returns amid surplus liquidity and softer overnight rates