Page 2 - Rbi

Bain Capital's plan to acquire Manappuram Finance delayed by RBI concerns

Bain received approval for the Manappuram deal, which was announced last March, from India's market regulator and the competition commission but the RBI is the final authority for the clearance

Best of BS Opinion: Fresh US tariffs could wipe out India's goods exports

Today's Best of BS Opinion covers US tariff threats linked to Russian oil, the Grok AI content debate, small finance banks' record, cracks in India's growth story, and a Cold War spy tale

RBI advocates disclosure of NPA, penalties & inspection info; banks oppose

Four major banks -- Bank of Baroda, RBL Bank, Yes Bank and State Bank of India -- have approached the CIC objecting to the disclosure of information such as the list of defaulters and NPA, penalties and inspection reports, even as the RBI termed the records "liable to be disclosed" under the RTI Act. RTI applicants Dheeraj Mishra, Vathiraj, Girish Mittal and Radha Raman Tiwari had filed separate applications with the RBI, seeking information, such as the top 100 NPAs, willful defaulters of Yes Bank, the inspection report of the SBI and RBL, and documents relating to a Rs 4.34 crore monetary penalty imposed following statutory inspection findings from the Bank of Baroda, respectively, among others. These banks appealed before the Central Information Commission, after the bankers' bank found that the information sought by RTI Applicants could be disclosed under the provisions of the Right to Information Act. Information Commissioner Khushwant Singh Sethi referred the matter to a large

Compliance to compassion: A cultural shift at India's financial regulator

A cultural shift for India's financial regulator - from rule-based monitor to human-centred facilitator

Have SFBs really provided the breakthrough they were intended for?

While small finance banks are solvent and working well, we need to ask if there has been a breakthrough in stretching the inclusion agenda beyond MFIs

RBI, North Block may finetune regulations for Viksit Bharat 2047

A report by Knight Frank India said supply-to-demand ratio for affordable housing across the top 8 cities plummeted to 0.36 in 2025 (until June), down from 1.05 in 2019

India's foreign exchange kitty down $10 bn, sharpest in over a year

The previous largest weekly decline was recorded in the week ended November 15, 2024

FinMin to review PSBs' progress on unclaimed deposits on January 14

"The meeting, to be chaired by the Joint Secretary (banking) in DFS, will assess the status of unclaimed deposits transferred to the DEA Fund and the pace of claims settlement across banks

Zero-fraud objective must to maintain public trust: RBI Deputy Governor

Despite falling fraud rates in cards and UPI, India must pursue a zero-fraud goal to protect trust and expand digital payments, RBI Deputy Governor T Rabi Sankar said

Post-DPDP, info collected by banks needs to be revisited: RBI official

Banks must reassess the amount of customer data they collect under the DPDP Rules, while continuing to innovate responsibly with AI, an RBI official said

Skydo receives final RBI authorisation for cross-border payments

Skydo's PA-CB-I licence enables it to process cross-border payments, specifically for facilitating inward transactions

Ways and Means Advances limit for Delhi govt fixed at ₹890 crore: RBI

The Reserve Bank on Friday fixed the Ways and Means Advances (WMA) limit for the Delhi government at Rs 890 crore to help it meet any temporary mismatch in receipts and payments. Earlier this week, the central bank entered into an agreement with the Government of the National Capital Territory of Delhi (GNCTD) to conduct the city government's general banking business, effective from Friday, January 09, 2026. "The WMA limit for GNCTD has been fixed at Rs 890 crore, effective from January 09, 2026," the Reserve Bank of India said in a statement. Accordingly, the revised aggregate WMA limit for State Governments / Union Territories will be Rs 61,008 crore as against the existing limit of Rs 60,118 crore, it added. WMA are temporary advances given by the RBI to the central, state governments and Union Territories to tide over any mismatch in receipts and payments.

RBI should hold rates as growth is strong, inflation remains low: PwC

Making a case for status quo on interest rate by the RBI, PwC Partner and Economic Advisory Services leader Ranen Banerjee said that any cut at this time would amount to "wasting a bullet" in an environment when growth is robust and inflation is benign. The Reserve Bank is unlikely to cut key policy rate in the next Monetary Policy Committee (MPC) meeting next month, he said. The meeting of MPC headed by Reserve Bank Governor Sanjay Malhotra is scheduled for February 4-6, 2026. This will be the last meeting of the current fiscal. If the growth numbers are holding up and base year revision is also on the anvil, which is expected to provide better estimates, then there is no need for rate cut, he told PTI. Observing that private capex is not interest rate sensitive, Banerjee said, there will be pick up when capacity utilisation is close to 85 per cent. "I do not think that the private capex is held up because of the interest rate. It is because there is an uncertainty of demand or t

Reserve Bank of India mulls fresh steps to provide relief to exporters

Earlier this week, US President Donald Trump warned that tariffs could rise further unless India curbs its Russian oil imports, escalating the pressure as trade talks between the two countries drag on

Expenditure review: Development needs a wider role of state govts

As the Centre reviews hundreds of schemes, the push to rationalise spending could reshape fiscal federalism, ease pressure on states, and improve the efficiency of public expenditure

Enforcement, not rule-making, is the real financial sector reform

In the financial sector, replacing existing regulations with new ones often adds costs without improving outcome

RBI proposes 3-year break for co-op banks' directors after 10 yrs on board

Banking Regulation (Amendment) Act has prescribed a ceiling on the continuous tenure of directors on both state and central co-operative banks and urban co-operative banks, raising it from 8 to 10 yrs

Cap or stagger distributor payouts: Life Insurance Council committee

RBI has flagged high expense structure, particularly acquisition costs of insurance companies, in its recent report

Positive business outlook nudges banks to hire for sales growth: Experts

"In terms of hiring strategies for lenders, hiring is now more focused on the business side rather than collections," said a private sector bankers

The Great Revival: A book that captures the CG Power turnaround story

How an out-of-the-box approach helped the company come back from bankruptcy