Page 22 - Rbi

Relaxation of risk weights unlikely to spur growth in absence of demand

Banks in India are currently sitting on excess capital, with CET1 ratios around 14.7 per cent, well above the regulatory requirement of 8-9 per cent

Recent RBI policies to help banks stay at equilibrium: K V Kamath

Jio Financial Services Chairman K V Kamath says RBI's latest measures will restore equilibrium in bank lending and boost corporate credit growth

Shirish Chandra Murmu takes charge as RBI deputy governor for three years

Murmu was an executive director of the RBI before being elevated to the post of deputy governor. He succeeds M Rajeshwar Rao, who completed his term

RBI appoints Sanjay Kumar Hansda as new Executive Director from March

Hansda, who recently returned from the IMF after serving as Senior Advisor, will head RBI's Department of Economic and Policy Research from March 2025

ECL transition time will ensure limited impact on banks: SBI chairman

C S Setty says extended transition will cushion banks from ECL shock, stresses need for stronger collections before expanding UPI-based credit products

Banks like SBI well versed to handle acquisition financing: C S Setty

Days after the Reserve Bank's decision to allow banks to allow acquisition financing, SBI chairman C S Setty on Wednesday said entities like the country's largest lender are "well versed" to handle the upcoming line of business. He said the shift to an expected credit loss (ECL) based system of asset provisioning will not impact the balance sheets of banks, given the extended transition period given by the central bank. "We have been doing outbound merger and acquisition financing for Indian corporates acquiring overseas entities. I think banks like SBI are well versed in acquisition financing," Setty told reporters on the sidelines of the annual Global Fintech Fest (GFF) here. It is worth noting that the Reserve Bank had announced a decision to allow banks to engage in acquisition financing, following a public request made by Setty itself a few weeks ago. On the ECL, where the central bank announced the final guidelines on Tuesday, the SBI chairman said the country's largest lende

Reserve Bank of India proposes lower capital requirements for banks

RBI's draft norms propose revised risk weights across corporate, MSME, real estate, and retail exposures, aiming to reduce banks' capital requirements from FY28

No hurry to launch CBDC nationwide: RBI Deputy Governor T Rabi Sankar

That said, the CBDC pilot is progressing well, with the user base in India expanding to about seven million, said RBI Deputy Governor T Rabi Sankar

RBI announces draft norms for transition to expected credit loss framework

In the ECL framework, banks need to adopt a three-stage approach to determine Significant Increase in Credit Risk (SICR)

Central, state co-op banks brought under ambit of RBI's Ombudsman scheme

State co-operative banks and central co-operative banks will come under the ambit of the Reserve Bank Integrated Ombudsman Scheme, 2021, from November 1, the central bank said on Tuesday. The RBI has issued a notification in this regard. With this enhancement, the Integrated Ombudsman Scheme would cover all commercial banks, regional rural banks, state co-operative banks, central co-operative banks, scheduled primary (urban) co-operative banks, and non-scheduled primary (urban) co-operative banks with a deposit size of Rs 50 crore. All non-banking financial companies -- excluding housing finance companies, which are authorised to accept deposits or have a customer interface, with an asset size of Rs 100 crore and above -- are covered under the scheme. Credit information companies are also covered under the scheme. The Reserve Bank Integrated Ombudsman Scheme (RB-IOS) - launched in November 2021, provides customers of regulated entities (REs) a speedy, cost-effective and expediti

RBI links Bharat Connect, FX-Retail to facilitate dollar transactions

The integration will allow bank customers to digitally buy US dollars for remittances, forex cards, or currency notes at competitive rates

RBI to launch deposit tokenisation pilot on October 8: Details here

The Reserve Bank of India will launch a deposit tokenisation pilot on October 8 using its wholesale CBDC as the base layer to test blockchain-backed digital settlements across banks

Repo rate unchanged at 5.5%: Analysis of RBI MPC October policy | Interest rate

The Reserve Bank of India’s Monetary Policy Committee has decided to keep the repo rate steady at 5.5%, while lowering its inflation forecast and revising growth projections upward.

RBI plans stricter rules for banks, NBFCs on related-party lending

RBI proposes thresholds requiring board approval for related-party lending by regulated entities, with exemptions and stronger reporting and disclosure norms

States, UTs to borrow ₹2.81 trillion via bonds in Q3 FY26, says RBI

States and Union Territories will borrow Rs 2.81 trillion in Q3 FY26 through securities, with borrowing patterns shaped by GST changes, redemptions and tax devolution

RBI grants FIDC self-regulatory status to oversee non-bank lending sector

The FIDC is a representative body of non-banking financial companies (NBFC) registered with the RBI

India's forex reserves fall $2.3 billion to $700.23 billion, shows RBI data

Last week, India's forex kitty had declined by $396 million to $702.57 billion, data showed

RBI proposes basic savings bank deposit account as a standard service

RBI draft circular mandates that all banks offer BSBD accounts with free basic facilities, no minimum balance, and the option to convert existing savings accounts

Govt bond yields soften as RBI signals scope for further rate cuts

Government bond yields fell six basis points as RBI governor Sanjay Malhotra signalled space for further easing of 25-30 basis points, boosting gilts market sentiment

RBI proposes easing curbs on current, cash credit, and overdraft accounts

RBI has proposed easing restrictions on operating Current, Cash Credit and Overdraft accounts, giving banks more flexibility in handling accounts of regulated borrowers