Page 21 - Rbi
RBI exempts smaller NBFCs, creates structured exit route for first time
RBI has exempted smaller NBFCs from registration and introduced a structured exit route, allowing eligible firms to apply for deregistration through its PRAVAAH portal
 "RBI exempts smaller NBFCs, creates structured exit route for first time")
RBI intervention cushions rupee as oil strain brings record low into sight
The rupee declined to a low of 94.80 per dollar in early trade, before paring losses to last quote at 94.73, down 0.2 per cent on the day
 "RBI intervention cushions rupee as oil strain brings record low into sight")
Public sector banks grapple with empty boardroom seats, face challenges
8 of 11 nationalised banks don't have a chairperson
 "Public sector banks grapple with empty boardroom seats, face challenges")
RBI's expected credit loss guidelines may hit PSBs, mid-tier banks harder
Large private lenders seen to be better cushioned as higher provisioning raises capital costs
 "RBI's expected credit loss guidelines may hit PSBs, mid-tier banks harder")
RBI Governor launches 'Mission SAKSHAM' for Urban Co-operative Banks
Nationwide capacity-building initiative aims to train 1.4 lakh UCB staff and strengthen governance, compliance and operational resilience in the sector
 "RBI Governor launches 'Mission SAKSHAM' for Urban Co-operative Banks")
Corporate credit card overdue applicable only to corporate entity: RBI
RBI clarifies overdue and asset classification for corporate credit cards under joint liability will apply only to firms, aiming to standardise reporting and ease bank capital load
 "Corporate credit card overdue applicable only to corporate entity: RBI")
Reserve Bank of India finalises ECL norms, rollout set for April 2027
RBI introduces expected credit loss framework for banks, to be implemented from April 2027, replacing incurred loss norms and strengthening credit risk provisioning
 "Reserve Bank of India finalises ECL norms, rollout set for April 2027")
MobiKwik's NBFC arm likely to launch operations in 2026: Upasana Taku
MobiKwik gets RBI nod for NBFC arm, plans lending launch in 2026; move to boost fintech stack, expand credit offerings, and tap co-lending opportunities
 "MobiKwik's NBFC arm likely to launch operations in 2026: Upasana Taku")
Free float theory falters as capital flows drive rupee volatility
India's current account deficit (CAD) is modest, but portfolio flows and oil price volatility mean the rupee is driven more by sentiment and positioning than by exports and imports
 "Free float theory falters as capital flows drive rupee volatility")
RBI eases risk-weight trigger for unrated big-ticket loans, tweaks norms
Threshold for 150% risk weight raised to ₹500 crore; draft norms' tougher proposals pared back
RBI to implement phased FX derivatives reporting norms from July 2027
Feedback highlighted operational challenges in capturing and reporting transactions undertaken by related entities across jurisdictions
RBI finalises expected credit loss norms; rollout set for April 2027
The ECL framework is forward looking and asks banks to build buffers based on the likely losses an asset will incur
MobiKwik gets RBI's nod for non-banking financial company licence
The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering
 "MobiKwik gets RBI's nod for non-banking financial company licence")
CCIL revamps trade reporting system to boost offshore rupee transparency
The overhaul started earlier this year and comes as regulators have stepped up monitoring of the currency and asked lenders to report their offshore rupee transactions
 "CCIL revamps trade reporting system to boost offshore rupee transparency")
Credit card spend touch 3-month high at ₹2.19 trillion in March: RBI data
FY26 card spends up 12% to ₹23.62 trillion
 "Credit card spend touch 3-month high at ₹2.19 trillion in March: RBI data")
'Growth-inflation tradeoff likely to have shifted adversely for near term'
RBI MPC member flags adverse shift in growth-inflation balance, warns of rising policy risks amid global uncertainty and persistent inflation expectations
 "'Growth-inflation tradeoff likely to have shifted adversely for near term'")
RBI cancels Paytm Payments Bank licence; cites governance lapses
Regulator cites governance concerns; says bank has sufficient liquidity to repay all deposits upon winding up and will approach High Court
 "RBI cancels Paytm Payments Bank licence; cites governance lapses")
India's forex reserves up $2.36 billion, led by foreign currency assets
India's foreign exchange reserves increased by $2.36 billion to $703 billion in the week ended April 17, driven by gains in foreign currency assets and gold
 "India's forex reserves up $2.36 billion, led by foreign currency assets")
Bond yields ease after choppy trade, rupee remains under pressure
Government bond yields ended marginally lower after volatile trading, while the rupee stayed under pressure due to rising oil prices, global cues, and foreign outflows
 "Bond yields ease after choppy trade, rupee remains under pressure")
RBI cancels licence of Paytm Payments Bank, cites compliance issues
In January 2024, the RBI directed the bank to stop accepting new deposits, citing non-compliance with rules related to customer due diligence, use of funds and technology systems