Page 23 - Rbi

RBI signals openness for licences for new urban cooperative banks

RBI to issue a discussion paper on licensing new UCBs, citing stronger financial performance, better compliance and demand from stakeholders for wider financial inclusion

₹2000 notes worth ₹5,884 crore remain in circulation: RBI report

The high-value Rs 2000 notes worth Rs 5,884 crore are still in circulation, according to official data released on Wednesday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023. Rs 2000 banknotes continue to be legal tender. In a statement, the central bank said the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 5,884 crore at the close of business on September 30, 2025. "Thus, 98.35 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, have since been returned," it said. The facility for exchange of the Rs 2000 banknotes is available at the 19 issue offices of the RBI since May 19, 2023. From October 9, 2023, RBI issue offices are also accepting Rs 2000 banknotes from individuals/entities for deposit into their bank accounts. Further, the public can send Rs 2000 banknotes through India Post from a

RBI to issue draft framework easing ECB norms, widens eligibility scope

RBI will release a draft framework to simplify ECB rules with wider borrower and lender eligibility, relaxed limits, eased reporting, and extended IFSC repatriation timeline

Consumer confidence up marginally, inflation seen easing ahead: RBI survey

RBI surveys indicate consumer confidence improved in September 2025 in both urban and rural areas, with inflation expectations softening and manufacturers retaining optimism

FACE appoints ex-RBI executive Manoranjan Mishra as independent director

Ex-RBI executive director Manoranjan Mishra has joined FACE as an independent director, bringing decades of regulatory experience to strengthen fintech self-regulation

RBI eases rules by dropping overlap curbs on banks, group entities

RBI has removed proposed restrictions on business overlaps between banks and their group entities, giving operational freedom and boosting major lenders with NBFC arms

MPC outcome: RBI keeps repo rate unchanged at 5.5%, revises real GDP forecast to 6.8%

The Reserve Bank of India's (RBI's) Monetary Policy Committee (MPC) on Wednesday kept the repo rate unchanged at 5.5 per cent and maintained the policy stance at 'neutral', Governor Sanjay Malhotra an

RBI to introduce risk-based deposit insurance premiums, says Malhotra

RBI Governor Sanjay Malhotra unveiled 22 steps to strengthen banking resilience, simplify forex rules, enhance credit flow, and push rupee internationalisation alongside deposit insurance reforms

RBI announces slew of measures to promote internationalisation of rupee

In a bid to promote the use of domestic currency for cross-border settlements, the Reserve Bank on Wednesday announced a slew of measures, including allowing banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for bilateral trade. Observing that India has been making steady progress in the use of the Indian Rupee for international trade, RBI Governor Sanjay Malhotra said permission has been granted to Authorised Dealer banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka for cross-border trade transactions. Besides, he proposed to establish transparent reference rates for currencies of India's major trading partners to facilitate INR-based transactions. RBI has permitted wider use of Special Rupee Vostro Account (SRVA) balances by making them eligible for investment in corporate bonds and commercial papers. SRVA is an account opened by a foreign bank with an Indian bank to facilitate international trade settlements directly i

RBI keeps repo rate unchanged at 5.5%, revises real GDP forecast to 6.8%

RBI Oct MPC meet 2025: The MPC retained the repo rate at 5.5 per cent, increased the growth estimate and revised the inflation forecast for FY26 downward to 2.6 per cent

RBI retains call rate as policy anchor in liquidity management framework

RBI has revised its liquidity management framework, retaining the call rate as policy target while phasing out 14-day VRR and VRRR in favour of shorter tenor operations

RBI unveils incentive scheme to cut unclaimed bank deposits stock

The Reserve Bank on Tuesday announced a year-long incentive scheme for banks to reduce the volume of unclaimed deposits. Under the 'Scheme for Facilitating Accelerated Payout' Inoperative Accounts and Unclaimed Deposits', banks will be eligible to get a differential payout depending on the period of an account remaining inoperative and the amount of deposits in it. "The scheme aims to reduce both the stock of existing unclaimed deposits and fresh accretion of flows to the DEA Fund," an official communique from the central bank said. "The objective (of the scheme) is to encourage banks to actively pursue customers/ depositors for re-activation of their inoperative accounts and return of their unclaimed amounts lying with Depositors Education Awareness (DEA) Fund to the rightful claimant in a timely and efficient manner," the central bank said. Unclaimed money in accounts which are inoperative for more than 10 years goes into the depositor education and awareness (DEA) fund, but a ..

DFS, Meity secys among 3 external members of Payments Regulatory Board

The new Payments Regulatory Board, chaired by the RBI governor, will replace BPSS and include government nominees - the DFS secretary, Meity secretary and retired IAS officer Aruna Sundararajan

NaBFID eyes partial credit enhancement for bonds worth ₹15,000 cr in H2FY26

These projects are likely to be predominantly from the renewable energy and roads sectors, according to a top NaBFID executive

RBI retains call rate as policy anchor in revised liquidity framework

Higher imports by India, the world's second-biggest consumer of the precious metal, are set to support gold prices that hit records this week, even as demand languishes in top buyer China

EMI relief may be quicker from Oct as RBI changes loan rules

RBI's latest rule change removes a 3-year lock on loan spreads, letting borrowers see EMI relief sooner and choose fixed rates at reset.

RBI raises overseas perpetual debt ceiling to strengthen bank capital

Perpetual debt issued in foreign currency or in Indian rupees overseas will be eligible for inclusion in banks' additional tier-1 capital of up to 1.5 per cent of risk weighted assets

RBI rate cut back in play as inflation eases after tariffs: Policy guide

The six-member monetary policy committee, led by Governor Sanjay Malhotra, will need to juggle a number of competing objectives this week

Govt appoints Shirish Chandra Murmu as RBI deputy governor, effective Oct 9

His appointment will take effect from October 9 for a period of three years

Shirish Chandra Murmu appointed RBI deputy governor, effective Oct 9

Shirish Murmu, currently an executive director at the RBI, will succeed Rajeshwar Rao, whose tenure ends on October 8