Page 2 - Rbi

Ujjivan SFB shares tumble after RBI returns universal bank application

RBI has returned Ujjivan Small Finance Bank's application for universal bank conversion, citing the need for greater loan book diversification before reconsideration

Ambedkar Jayanti 2026: Are banks open or closed today? Check status

Central government offices are closed on April 14, 2026. Many banks across India will also remain shut, as Ambedkar Jayanti coincides with Tamil New Year and Vaisakhi

Non-finance private firms' PAT growth slowed to 31.6% in FY25: RBI

Profit growth of non-government non-financial private firms slowed in FY25, though profitability indicators improved, supported by strong performance in the services sector

RBI's rupee defence may backfire: Measures may hurt confidence, inflows

When the war broke out in late February 2026, the RBI, backed by foreign exchange reserves of nearly $730 billion, intervened aggressively

Safety mechanism: Digital payments need speed with security as fraud rises

The RBI's paper correctly identifies that the nature of fraud has changed. Most frauds today are authorised push payments, or APP frauds

RBI's Swaminathan flags AI risks in finance, warns against opaque systems

Swaminathan J warns bias, opacity, data misuse and cyber threats in AI systems could amplify systemic risks, even as technology offers gains in credit access and fraud detection

RBI rejects Ujjivan SFB's application for universal banking licence

Ujjivan Small Finance Bank on Monday said RBI has rejected its application to transition to a universal bank and advised it to reapply after demonstrating a diversified loan portfolio. In a regulatory filing, Ujjivan SFB said the Reserve Bank has taken note of the bank's recent efforts towards diversification of its loan portfolio. "However, they were of the view that there is scope for progress in this area. Therefore, RBI has returned the above-mentioned application and advised the bank to consider applying again after demonstrating a diversified loan portfolio," Ujjivan said. In February 2025, Ujjivan SFB had announced submitting an application for universal banking licence to the Reserve Bank of India (RBI). Shares of Ujjivan closed at Rs 60.34 apiece on the BSE.

RBI proposes 1-hour delay for digital transfers over ₹10,000 to curb frauds | UPI | IMPS

The Reserve Bank of India (RBI) RBI proposes a one-hour delay for digital payments above Rs 10,000, alongside safeguards like trusted authentication and account monitoring,

Crude oil outlook for FY27: What is RBI signalling? | RBI MPC Outcome | Oil prices | West Asia war

The Reserve Bank of India (RBI) has raised its crude oil price assumption to $85 per barrel for FY27. This is higher than the earlier assumption of USD 70 per barrel in H2FY26.

India vs global shocks: Why RBI Governor Sanjay Malhotra says 'we can manage'

RBI’s Monetary Policy Committee says risks from the US-Iran-Israel crisis are rising but India is better placed to handle them.

AI without safeguards can amplify weaknesses in finance sector: RBI DG

Adoption of artificial intelligence (AI) without safeguards can amplify existing weaknesses and create new problems in the financial sector, Reserve Bank Deputy Governor Swaminathan J has said. Delivering the CUB Shri V Narayanan Memorial Lecture at the SASTRA University, Thanjavur, he said artificial intelligence is beginning to reshape how financial institutions serve customers, process documents, assess credit, monitor risks, and strengthen oversight. "The speed of that change is remarkable. The real question before us is not whether finance will become more intelligent but whether it will remain fair, accountable, inclusive, and humane," he said in the lecture delivered on Saturday. AI-enabled systems can make customer interaction simpler, more intuitive, and responsive. It can also help improve credit delivery, he said. "Used responsibly, AI can supplement traditional methods by drawing insights from a wider set of patterns in transaction behaviour, repayment flows and busines

RBI MPC keeps repo rate unchanged at 5.25%, maintains 'neutral' stance

The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.25 per cent.

RBI DG T Rabi Sankar criticises banks' arbitrage trades as rupee weakens

Since the RBI first clamped down to support the battered rupee, which had hit record lows and was staring at the 100 per dollar mark, the local currency has gained around 2%

Bankers see merit in RBI's one-hour e-payment lag despite cost concerns

Bankers support RBI's proposal for delayed digital payments to curb fraud, but flag infrastructure costs and suggest raising the threshold from Rs 10,000 to Rs 25,000

RBI moots ₹1 trillion asset threshold for NBFC upper layer classification

Opens door for inclusion of state-owned NBFCs

RBI's lagged credit proposal may raise costs, need switch changes

RBI's proposal for lagged credits in digital payments could require switch-level changes, raising costs for UPI ecosystem and banks, industry sources say

Utkarsh 2029: RBI targets digital currency, UPI global expansion drive

RBI unveils medium-term Utkarsh 2029 strategy focusing on CBDC expansion, UPI globalisation, ULI scale-up, and modernising currency management and regulation

India's forex reserves increase after four weeks, up $9.06 billion

India's foreign exchange reserves rise $9.06 billion after four weeks, led by a sharp increase in gold reserves and modest gains in foreign currency assets

Four executive directors in fray for RBI deputy governor's post

Vivek Deep, Rohit Jain, Radha Shyam Ratho and Ajay Kumar - all executive directors of RBI - will likely be interviewed for the post on Monday

RBI absorbs ₹2 trillion via 7-day VRRR auction, first in 4 months

RBI drains Rs 2 trillion surplus liquidity through VRRR auction, its first in four months, pushing bond yields higher amid excess liquidity in banking system