Page 20 - Rbi

March uptick in brokerages tapping debt market for capital, shows data

Brokerages turn to debt markets as RBI norms tighten bank funding, reshaping leverage and capital-raising strategies across India's trading ecosystem

Rare but not unusual for RBI to come out in support of a troubled bank

RBI's swift support for HDFC Bank after chairman's exit aims to calm depositor and investor sentiment, reflecting a rare but not unprecedented regulatory intervention

Kaizad Bharucha to take on more responsibilities at HDFC Bank, says CEO

HDFC Bank Deputy MD Kaizad Bharucha is set for a larger role as the lender reviews its organisational structure, with RBI approving his reappointment for three years

HDFC Bank 'a strong institution with strong fundamentals': FinMin official

A day after HDFC Bank Chairman Atanu Chakraborty resigned on ethical concerns, a top Finance Ministry official on Thursday said the bank is a "strong institution with strong fundamentals". Financial Services Secretary M Nagaraju said the Reserve Bank of India (RBI) has already issued a statement in this regard. "HDFC Bank is a strong institution with strong fundamentals," he told reporters. The remarks come after the sudden exit of Chakraborty as chairman of HDFC Bank -- the country's second-biggest lender -- effective March 18, 2026, citing ethical concerns. This is the first time that a part-time chairman of HDFC Bank has left mid-way, raising concerns over its functioning. Earlier in the day, the Reserve Bank said there were no material concerns on record as regards the bank's conduct or governance. "HDFC Bank is a Domestic Systemically Important Bank (D-SIB) with sound financials, a professionally run board and a competent management team. Based on our periodical assessment, t

RBI working to provide avenues to Russian trade counterparts for rupee use

The Reserve Bank of India (RBI) is working on providing more avenues for the usage of Indian rupee (INR) accumulated by the Russian trade counterparts, a senior official said on Thursday. The Central Bank is looking at avenues to either settle Indian rupees of Russian trade counterparts lying in India for imports or for making capital investments in India, he added. "We are working on providing various avenues for using the INR, which is accumulated here by the Russian counterparts, to use it either for settling their imports or making capital investments in India, so on and so forth," N Senthil Kumar, chief general manager in RBI's Foreign Exchange Department, said at the Russia-India forum in Mumbai. For the past few years, both countries have focused on local currencies to settle bilateral trade and reduce reliance on the US Dollar. Last year, the RBI was allowed to invest surplus balances in government securities. Kumar noted an "inertia" among stakeholders in transacting in lo

No material concerns on HDFC Bank's governance and conduct, says RBI

Regulator says bank remains well-capitalised with strong governance and management, approves Keki Mistry as interim chairman for three months

India needs bigger banks, consolidation for $30 trn goal: Former RBI DG

Former RBI deputy governor flags need for larger financial institutions, stronger capital base and consolidation across banking and NBFC sectors to support economic expansion

RBI to infuse ₹75,000 crore via three-day VRR auction as liquidity tightens

Central bank to hold three-day VRR auction on Friday as surplus liquidity falls below ₹1 trillion amid advance tax and GST outflows

RBI grants approvals for Bain Capital's joint control in Manappuram Finance

Lender secures approvals for ₹4,385 crore investment, with Bain Capital set to acquire stake and become joint promoter alongside existing shareholders

Nifty Capital Market index jumps 2%; Angel One, MOFSL, KFin zoom up to 9%

However, at current levels, MOFSL, CDSL, KFIN Technologies, Nuvama Wealth Management, CAMS and Angel One quote up to 26 to 36 per cent lower when compared to their respective 52-week highs.

RBI's 7-day VRR auction draws weak demand as big banks stay away

VRR auctions allow banks to borrow funds from the RBI against government securities at market-determined rates, helping the central bank manage short-term liquidity in the financial system

India needs $1 trn forex reserves buffer for stability: Ex-RBI Deputy Guv

The $1 trillion target is derived from two critical buffers: $350 billion to cover all one-year debt obligations and $650 billion to protect against a potential exodus of foreign portfolio capital

Biz chamber seeks RBI relief for exporters hit by West Asia crisis

The Bharat Chamber of Commerce (BCC) wrote to RBI Governor Sanjay Malhotra, urging supportive banking measures for exporters reeling under disruptions in global logistics and shipping routes caused by ongoing tensions in West Asia. In a letter on Monday, it said West Asia serves not only as a key destination for Indian exports but also as a critical transhipment hub for shipments bound for Europe and Africa. "The ongoing situation has led to diversion of shipping routes, port congestion, higher freight and insurance costs, and extended transit periods, straining working capital cycles and liquidity positions of exporters," it said. The BCC urged RBI to encourage banks to adopt a supportive credit approach by enhancing working capital limits, providing ad-hoc credit facilities, and extending the tenure of pre-shipment and post-shipment export credit. Greater flexibility in rollover of packing credit and extension of due dates for export bills was also sought. It also requested ...

Best of BS Opinion: West Asia war, rupee depreciation & RBI's policy tone

From the economic fallout of the West Asia conflict and lessons from modern warfare to the RBI's upcoming policy decision and Kanwal Rekhi's memoir, here are the key views from today's Opinion page.

Iran war: OIS curve surges as crude oil rally fuels repo-rate hike bets

Sharp rise in OIS rates suggests markets are pricing in possible RBI rate hikes this year if elevated crude oil prices sustain inflationary pressures

RBI's clarity of communication will be as critical as the policy itself

In inflation-targeting economies such as India, communication is a key instrument of monetary policy

West Asia conflict likely to keep rupee under pressure amid oil surge

Third year of consecutive BoP deficit if oil stays above $100/bbl, to weigh on rupee

India's forex reserves down $11.7 bn at $716.8 bn on drop in foreign assets

India's foreign exchange reserves fell by $11.7 billion to $716.8 billion in the week ended March 6, mainly due to a decline in foreign currency assets, RBI data showed

Credit growth rises to 14.5% in Feb 28 fortnight; deposits expand 12%

Bank credit growth accelerated to 14.5% year-on-year in the fortnight ended February 28, while deposit growth strengthened to nearly 12%, according to RBI data

IDBI Bank strategic sale scrapped as financial bids below reserve price

The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids put in by potential buyers were below the reserve price, sources said on Friday. The government and LIC were together looking to sell 60.72 per cent in IDBI Bank and had floated an Expression of Interest (EoI) in October 2022. Financial bids came in on February 6. Sources said the financial bids for the IDBI Bank strategic sale have come in lower than the reserve price set by the inter-ministerial group on disinvestment headed by secretaries in the finance ministry. According to sources, the bids for IDBI Bank have been opened and they were below the reserve price set by the IMG and agreed to by the core group on disinvestment, which is chaired by the Cabinet Secretary. Prem Watsa-led Fairfax and Emirates NBD are reported to have put in bids for the strategic sale of IDBI Bank. Currently, the government and state-owned LIC together hold a 94.71 per cent stake in IDBI Bank. The government owns 45.