Page 25 - Rbi

RBI imposes ₹66.7 lakh penalty on Bank of Baroda, GIC Housing Finance

The Reserve Bank of India on Friday said it has imposed a penalty of Rs 63.6 lakh on Bank of Baroda for non-compliance with certain provisions of the 'Fair Practices Code for Lenders' and 'Know Your Customer (KYC)' norms. A penalty of Rs 3.1 lakh has also been imposed on GIC Housing Finance Ltd for non-compliance with certain provisions of the KYC guidelines. In a statement, the RBI said it had conducted a statutory inspection for supervisory evaluation of the Bank of Baroda with reference to the financial position as on March 31, 2025, and a notice was issued to the lender. After considering the bank's reply to the notice, the RBI found that the public sector lender had collected interest higher than the contracted rate of interest in certain loan accounts. It also did not upload KYC records of certain customers to the Central KYC Records Registry (CKYCR) within the prescribed timeline, the RBI said. In another statement, the RBI said a statutory inspection of GIC Housing Finance

India's forex kitty drops $5.65 billion to $666.93 billion: RBI data

India's forex reserves dropped USD 5.654 billion to USD 666.933 billion during the week ended June 26, the RBI said on Friday. In the previous reporting week, the kitty jumped USD 963 million to USD 672.587 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the onset of the West Asia conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. Prime Minister Narendra Modi has also made multiple public appeals, starting May 11, to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year. For the week ended June 26, foreign currency assets, a major component of the reserves, decreased USD 150 million to USD 541.067 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation

Not having a policy is a policy: RBI to Parliamentary panel on crypto

RBI tells House panel it's not in favour of VDAs as currency

The great data game: Why data sovereignty matters more than ever before

The contest for data has only just begun. Those who govern it will shape the future

M&A funding norms to intensify competition for private credit: Moody's

Moody's says RBI's acquisition financing norms could intensify competition from banks, putting pressure on private credit deal volumes and yields

Ujjivan SFB raises FCNR(B) deposit rate to 7.50% after RBI eases norms

Ujjivan Small Finance Bank raises interest rates on 3-5-year FCNR(B) deposits after the RBI removes the ceiling on fresh deposits of similar maturities

NBFC access to term money market likely to lift volumes by 40-60%

Treasury executives expect the RBI's proposal to allow NBFCs into the term money market to deepen liquidity, boost trading volumes and modestly reduce funding costs for top-rated borrowers

RBI appoints Ravi Shankar as executive director to head statistics dept

As executive director, Shankar will oversee the Department of Statistics and Information Management

RBI's new Integrated Ombudsman Scheme comes into effect from 1 July

The revamped framework broadens consumer grievance redressal, covering banks, eligible NBFCs, prepaid payment instrument issuers and credit information companies under a unified mechanism

Scammed online? RBI’s new rules could help you get your money back | Digital fraud | Cybersecurity

Lost money in a digital scam? The RBI's new compensation framework, effective January 1, 2027, could help eligible victims recover part of their losses.

US-Iran deal has shifted risk balance 'favourably': RBI's report

Fx volatility may rise if oil prices spike due to supply chain risks

Bank NPAs fell in March; may rise under baseline case: RBI report

RBI's Financial Stability Report shows bank NPAs fell to record lows in March, though stress tests indicate a modest rise under the baseline scenario by March 2028

Gold-loan surge driven by soaring prices: RBI's Financial Stability Report

RBI said gold loans have become the fastest-growing retail loan segment, with rising gold prices driving disbursements while improving lenders' collateral buffers

Life insurance policy surrenders outpaced maturity payouts: RBI report

Reflects policyholder dissatisfaction, product mis-selling, among others

Net short forward dollar position rose to $106 bn in May: RBI data

RBI's net short dollar position in the forward market rose to $106.66 billion in May, with increases across both short- and long-term maturity buckets

RBI revises Certificate of Registration surrender norms for NBFCs

NBFCs and HFCs seeking to surrender their Certificate of Registration must submit revised applications through the PRAVAAH portal under the updated regulatory framework

Household sector debt climbs to 45.5% of GDP in Sept 2025: RBI report

The overall debt of the household sector reached 45.5 per cent of the country's gross domestic product (GDP) due to an uptick in non-housing retail loans, according to the RBI's latest Financial Stability Report (FSR). The Reserve Bank of India said the increase in household sector debt was due to rising non-housing retail loans, which constituted 58.4 per cent of total borrowings as of March 2026. Their share has increased steadily over time, consistently outpacing housing loans, agriculture and business loans. Overall, despite the rise in household borrowings, borrower profiles have continued to improve. The share of higher-rated borrowers (prime and above) has increased in terms of both outstanding amounts and the number of borrowers. This improvement is evident across both consumption and productive loans, with a growing share of prime and above borrowers in total outstanding credit, the report said. Household debt as a share of GDP has remained above its five-year average of 42

Bank credit to NBFCs jumps 34% in May, lifts services sector lending growth

Bank lending to NBFCs surged 33.7 per cent year-on-year in May, helping drive services sector credit growth, while industry, retail and agriculture lending also remained strong

MFI credit grows after 7 quarters, borrower base continues to shrink: RBI

Microfinance loans increased for the first time after seven consecutive quarters of decline, although the number of borrowers continued to contract during the January-March 2026 quarter, according to the RBI's latest Financial Stability Report (FSR) released on Tuesday. The RBI said the borrower base shrank by 22.7 lakh in the latest quarter, indicating that while lending activity has started picking up, the sector is still witnessing consolidation in its customer base. The central bank also pointed to a continued improvement in asset quality as the share of 31-180 days past due (DPD) declined for the fifth successive quarter. This reflects that the asset quality has improved after the guardrails were adopted by the sector. According to the report, the 31-180 DPD of banks stood at 2.5 per cent, which is the highest among all lenders involved in MFI lending. This was followed by 2.0 per cent each by overall and small finance banks, 1.9 per cent of NBFC-MFI, and 1.6 per cent of ...

From banks, risks to shocks: What RBI's financial stability report says

Banks remain safe and sound, supported by strong capital, continued improvement in asset quality, and stable profitability, says the RBI's Financial Stability Report