Page 21 - Rbi

India resilient but not immune to global headwinds, says RBI report

RBI's State of the Economy report highlights India's macro strength despite global volatility; notes negative FDI inflows and rising policy uncertainty worldwide

IOB bets big on M&A financing, moves to address CASA concerns: MD & CEO

We are targeting double-digit growth of 13-15 per cent in the next two years, and in the last two years, we have grown more than that, says IOB MD & CEO

Credit growth inches up to 11.4% in October 3 fortnight: RBI data

Data from the RBI show outstanding credit in the system stood at Rs 192.66 trillion, while deposits stood at Rs 240.98 trillion.

RBI flags algorithmic risks; Retail inflation hits 99 month low; Indian firms raise ₹5 47 trillion

RBI Deputy Governor Swaminathan J has warned that unchecked risks from algorithms, data dependence, and emerging technologies could spread quickly through the financial system

Rupee hits one-month high on RBI's dollar sales, softer dollar index

The rupee surged to 87.83 per dollar on Thursday, its strongest level in a month, buoyed by heavy dollar sales by the Reserve Bank of India and improved global risk sentiment

RBI doesn't target any specific level of rupee: RBI Gov Sanjay Malhotra

Inflation targeting framework improved credibility, transparency of monetary policy

RBI not targeting any specific Rupee level, says Guv Malhotra at IMF

The Reserve Bank of India is selling dollars in both onshore and offshore markets after what it saw as speculative attacks by global fund managers on the rupee

Rupee hits best day since June, gain 0.7% on RBI action and global cues

The rupee appreciated by 0.7 per cent to settle at 88.07 per dollar, against the previous close of 88.80 per dollar. The domestic currency appreciated beyond 88 per dollar mark

Policy space exists for further rate cut: RBI Guv at MPC meeting

Reserve Bank Governor Sanjay Malhotra opined that there is room for a further rate cut and indicated it would be done at an opportune time to have a desirable impact, according to the minutes of the monetary policy committee (MPC) meeting released on Wednesday. The governor, along with five other members of the MPC, had voted for the status quo on the short-term benchmark lending rate at the meeting that concluded on October 1. During the meeting, Malhotra said the benign outlook for headline and core inflation as a result of the downward revision of projections opens up policy space to further support growth. "...even though there is a policy space to further cut the policy rate, I feel this is not the opportune time for the same, as it will not have the desirable impact. "Therefore, I vote to keep the policy repo rate unchanged at 5.50 per cent. The intent of policy, nevertheless, is to continue to facilitate growth-enabling conditions," he said. MPC member and RBI Deputy Govern

RBI's liquidity boost falters amid FX market intervention, say analysts

In June, the central bank announced a phased 100-basis-points CRR cut from September to November to release about ₹2.5 trillion ($28.3 billion)

A fine balance for fintech as investors put compliance ahead of valuation

Industry that was touted to overtake legacy banks and financial institutions gets wake-up call

NPCI says same-day cheque clearing stabilised; unions seek RBI help

NPCI says the new t+0 cheque clearing system is stable after early glitches, while bank unions urge RBI to ensure smoother implementation during the festive period

RBI may allow Emirates NBD to acquire controlling stake in RBL Bank

While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval

High-level panel to review RBI advisory on EPFO's investment practices

The committee with members from RBI, Labour and Finance Ministries will draft a roadmap to improve EPFO's fund management and accounting practices

RBI announces measures to facilitate cross-border trade transactions

Banks in India and their overseas branches have been permitted to lend in Indian Rupees to persons resident in Bhutan, Nepal, and Sri Lanka to facilitate cross-border trade transactions, the Reserve Bank said on Monday. The RBI said amendments have been made to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018 and Foreign Exchange Management (Foreign currency accounts by a person resident in India) Regulations, 2015, as part of continuous efforts towards facilitating external trade and payments'. "AD (authorised dealer) banks in India and their overseas branches have been permitted to lend in Indian Rupees to persons resident in Bhutan, Nepal, and Sri Lanka, including banks in these jurisdictions, to facilitate cross-border trade transactions," it said. In January 2025, the RBI permitted Indian exporters to open foreign currency accounts with a bank outside India for the realisation of export proceeds. Unutilised balances in these accounts are required to be

1 year to 1 month: RBI relaxes rules but keeps checks for fintech expansion

Payment aggregators can add new lines with 30-day notification while staying audit-compliant

EPFO plans new benchmarks for EPF, EPS, and EDLI investment returns

EPFO presently assesses the performance of its multiple fund managers on the basis of an evaluation conducted by its consultant Crisil Limited based on portfolio yields and asset quality

To build a developed India, RBI must move beyond micromanagement

RBI eases forex compliance: exporters and importers can reconcile smaller bills, merchant traders get longer timelines, and rupee vostro accounts gain investment flexibility

RBI Gov on ULI, SBI's CS Shetty on M&A funding, Jio Finserv Chair KV Kamath on new RBI reforms & mor

RBI Governor Sanjay Malhotra called the new Unified Lending Interface a major step towards improving data sharing and credit access. Speaking at the Global Fintech Fest in Mumbai,

Rupee regains ground against dollar on likely intervention by RBI

The local currency ends stronger at 88.69 per dollar amid suspected RBI dollar sales and active state-run banks, dealers see room for more recovery