Page 36 - Rbi

Rate cut? Status quo likely in Aug monetary policy despite inflation dip

RBI set to lower inflation projection, but GDP growth estimate and policy stance may remain unchanged

₹2,000 notes worth ₹6,017 crore still in circulation, shows RBI data

The high-value Rs 2,000 notes worth Rs 6,017 crore are still in circulation even after more than two years of the Reserve Bank withdrawing the currency, according to official data released on Friday. Rs 2,000 banknotes continue to be legal tender. On May 19, 2023, the Reserve Bank of India (RBI) announced the withdrawal of Rs 2,000 denomination banknotes from circulation. In a statement, the RBI said the total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023 has declined to Rs 6,017 crore at the close of business on July 31, 2025. "Thus, 98.31 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned," it said. The facility for exchange of the Rs 2,000 banknotes is available at the 19 issue offices of the Reserve Bank since May 19, 2023. From October 9, 2023, RBI Issue Offices are also accepting Rs 2,000 banknotes from individuals/entities for deposit into their bank accounts. Fu

Rupee strengthens marginally as RBI intervention supports currency

The rupee inched up against the US dollar on August 1, likely aided by RBI intervention, even as foreign outflows and negative sentiment from US tariffs kept pressure on the currency

15 more banks to adopt RBI's MuleHunter fraud detection tool by October

At least 15 more banks are set to implement the RBI-developed MuleHunter platform over the next two months to intensify efforts to tackle fraud by identifying accounts used for fraudulent transactions, a senior official said on Friday. Five lenders, including Canara Bank, Punjab National Bank, Bank of India, Bank of Baroda and AU Small Finance Bank, have already implemented the platform developed by the RBI Innovation Hub, a fully-owned subsidiary of the central bank, while Federal Bank is set to adopt it over the next few days, the official added. Mule accounts, or accounts created by fraudsters to receive, transfer or launder illicit funds collected from unsuspecting victims, have been a big challenge for the banking system because such accounts, which are generally opened using fraudulently obtained credentials, are used for transferring proceeds of financial frauds. Usually, there are multiple layers of such accounts from where funds are transferred within a short time to ensure

RBI approves merger of New India Co-operative Bank with Saraswat Bank

Saraswat Bank will take over all assets and liabilities of New India Co-operative Bank, with its branches becoming part of Saraswat Bank from August 4, 2025.

RBI's net short dollar position in forwards dips to $60.29 bn by June-end

The Reserve Bank's short dollar position has declined for four consecutive months, down from its February peak of $88 billion

Credit growth dips sharply in June as farm, NBFC offtake weakens: RBI

The pace of credit growth on a Y-o-Y basis in retail and industrial credit also moderated in June 2025, Reserve Bank of India (RBI) data showed

Loan growth dips in farm, services; MSMEs see sharp rise in June

The pace of credit growth on a Y-o-Y basis in retail and industrial credit also moderated in June 2025, Reserve Bank of India (RBI) data showed

RBI portal helps lakhs to find unclaimed deposits: Check what's your status

UDGAM centralises information from participating banks, helping people to search for dormant accounts and funds in one place

RBI to hold overnight VRRR auction to absorb ₹50,000 crore liquidity

RBI to conduct overnight VRRR auction on Thursday to absorb Rs 50,000 crore as call and Tri-party repo rates remain below policy rate amid liquidity surplus

RBI eases norms, caps investments by banks, NBFCs in AIF schemes at 20%

RBI caps exposure at 20% for banks, NBFCs in AIF schemes, excluding equity investments from provisions, with new guidelines effective from January 2026

Inflation likely to be below RBI's target in FY26: FinMin review

The finance ministry's June 2025 review says inflation could fall below the RBI's 3.7% target, providing scope for further easing, though credit growth remains weak

Leadership transition is well on track, says IndusInd Bank Chairman Mehta

Chairman Sunil Mehta says CEO selection is with RBI; bank strengthens governance, cost controls, and collections to restore profitability

FinMin sees room for more rate cuts as inflation remains below RBI's target

The finance ministry on Monday said there is room for further easing of interest rate by the Reserve Bank of India (RBI) as the inflation is comfortably below the central bank's median target of 4 per cent. Retail inflation, based on Consumer Price Index (CPI), has remained below 4 per cent since February and dipped further to more than six-year-low of 2.82 per cent in May. "Core inflation remains subdued, and overall inflation is comfortably below the RBI's 4 per cent target, affording room for the easing cycle to be sustained," said the finance ministry's monthly review report. The central has cumulatively reduced the short-term benchmark lending rate (repo) by 100 basis points since February. The next meeting of the RBI's rate-setting panel -- Monetary Policy Committee (MPC) -- during August 4-6. The RBI has projected headline inflation at 3.4 per cent for the second quarter of the fiscal year, while in the first quarter, actual inflation came below the target of the RBI. "It

RBI to conduct 3-day VRRR auction Tuesday to absorb ₹50,000 crore

The central bank's move follows rising liquidity in the system that has pulled overnight rates below the repo rate; WACR and tri-party repo rates remain under pressure

RBI proposes new regime for co-op bank branch expansion, ATM setup

New ECBA framework to replace FSWM norms; banks must meet capital, profit, and compliance standards for authorisation

RBI's digital payments index increases to 493.22 as of March 2025

Index up from 465.33 in September 2024, reflecting rapid digital adoption and stronger payment infrastructure and performance across India

Digital payments rise 10.7% amid growth in supply-side factors: RBI

Digital payments across the country registered a 10.7 per cent year-on-year rise as on March 2025, according to the RBI's index that measures the adoption of online transactions. The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India - Digital Payments Index (RBI-DPI) since January 1, 2021, with March 2018 as the base year to capture the extent of digitisation of payments across the country. The index for March 2025 stands at 493.22 as against 465.33 for September 2024 and 445.5 for March 2024, the RBI said in a statement. "The increase in RBI-DPI index was driven by significant growth in parameters viz. Payment Infrastructure - Supply-side factors and Payment Performance across the country over the period," according to the semi-annual data. The RBI-DPI comprises five broad parameters that enable measurement of deepening and penetration of digital payments in the country over different time periods. These parameters are Payment Enablers (weight 25 p

RBI proposes easing business authorisation norms for urban co-op banks

The RBI on Monday proposed to replace the existing norms for urban cooperative banks (UCBs) with a harmonised eligibility criteria for certain business authorisations, permissions and approvals. The Reserve Bank has proposed that large UCBs (falling in Tier 3 and Tier 4 categories) which are in compliance with eligibility criteria for business authorisation (ECBA) and having a minimum assessed net worth (ANW) of Rs 50 crore may extend their area of operation beyond the state of registration, subject to prior approval of the Reserve Bank. The UCB would be permitted to extend its area of operation to a maximum of two states in a financial year, subject to the availability of adequate headroom capital required for opening at least five branches in each proposed state, said the draft Master Direction Business Authorization for Co-operative Banks (Directions), 2025. A UCB may extend its area of operation to the whole of its district of registration without prior permission from the RBI,

Tata Sons expects reprieve from IPO deadline amid RBI rule review

The RBI had earlier classified Tata Sons as a top tier non-banking lender, forcing it to list by September this year