Page 3 - Rbi

India's consumer inflation likely rose above RBI's 4% target in June: Poll

This would also be the highest inflation reading since India introduced its revised consumer price index series with a new base year and updated consumption basket in January

RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years

Yet another public sector banker takes charge of a pvt bank; Stock plunges 8.5%

RBI reiterates call for crypto curbs; tax department warns of evasion risks

India has allowed cryptocurrencies to exist in a grey zone since a court ‌in 2018 struck down Reserve Bank of India (RBI) policies that effectively banned them

RBI Ombudsman Scheme: Know complaint timelines, compensation, appeal rules

The RBI Integrated Ombudsman Scheme, 2026, introduces higher compensation, shorter complaint timelines and a streamlined grievance process for customers of regulated entities

RBI clears Mahesh Muralidhar Pai's appointment as South Indian Bank MD, CEO

South Indian Bank on Wednesday said the RBI has approved the appointment of Mahesh Muralidhar Pai as Managing Director and CEO of the lender for 3 years, effective October 1. In a regulatory filing, the Kerala-based private sector lender said the appointment of Pai as MD and CEO will be placed before the Board in the meeting on July 16, and shareholders' approval will be obtained thereafter. "The Reserve Bank of India vide its letter dated July 7, 2026, has conveyed their approval for the appointment of Mahesh Muralidhar Pai as Managing Director and CEO of the Bank for a period of three years with effect from October 1, 2026," South Indian Bank said. Shares of South Indian Bank tanked 9.86 per cent to the day's low of Rs 43.02 on BSE. The scrip later recovered some ground and was quoting 7.58 per cent down at Rs 44.11 in post-noon trade.

Rupee posts biggest single-day gain in three weeks on debt inflows

The rupee rose 0.46 per cent against the US dollar on Tuesday, supported by sustained debt inflows, easing demand from oil companies and a weaker greenback

Commercial realty, gold loans propelled NBFC credit growth to 14.2% in May

Commercial real estate loans grow over 40%, while gold loans grow 70% and consumer durable loans grow 42%

Trading volumes see early impact of RBI's capital exposure norms

Volumes on BSE during the first two trading days of July fell by 7-10 per cent compared with the same days in the previous week, in line with analysts' expectations

Indian banks curb short-term debt sales as RBI aids cheaper forex funding

No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI

NSE plans to launch quanto cross-currency derivatives, seeks RBI approval

Move could help revive exchange-traded currency volumes

Much ado about Tata Sons listing? What RBI amendment really means

RBI's June 24 second amendment of registration, exemptions and framework for scale-based regulation relates to the criteria of upper layer NBFCs. It doesn't seem to have anything to do with Tata Sons

1st in nearly a decade: ICICI Bank plans to raise $500 mn via dollar bonds

ICICI Bank will become the fourth commercial bank to take advantage of RBI's concessional swap window for overseas foreign currency borrowing

India's foreign exchange reserves fall to 15-month low of $666.93 billion

India's foreign exchange reserves declined by $5.65 billion to a 15-month low of $666.93 billion in the week ended June 27, mainly due to a sharp fall in gold reserves

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