Page 37 - Rbi

Best of BS Opinion: FTA with UK a clear shift in India's stance on trade

Our daily wrap of today's Opinion page traverses the India-UK FTA, what the RBI needs to do to make the financial inclusion index more transparent, US tariffs, and the Jane Street affair

An inclusive index: More data needed to strengthen financial inclusion

The index is composed of three key parameters - access, usage, and quality - all of which have shown improvement this year

Savings deposit rates of some PSBs at historic low, says RBI bulletin

Savings deposit rates of some public sector banks (PSBs) are prevailing at a historical low, since their de-regulation in 2011, according to the latest bulletin of the Reserve Bank of India (RBI). The weighted average domestic term deposit rates for fresh deposits has declined significantly for both PSBs and private sector banks. "Currently, the savings deposit rates of some PSBs are prevailing at a historical low, since their de-regulation in 2011," said an article published in the the RBI's July bulletin. In October, 2011, the RBI had deregulated the savings bank deposit interest rate, and allowed banks to determine the interest rate at their own. The rates on small savings schemes were kept unchanged by the government during the ongoing September quarter. The prevailing rates on these instruments are higher than the formula-based rates by 33-118 bps, the article said. It further said in response to the 100-bps reduction in the policy repo rate since February 2025, banks have .

Fada seeks RBI intervention on private banks delaying auto loan rate cuts

The Federation of Automobile Dealers Associations has sought the Reserve Bank of India's intervention against alleged delays by private banks in transmission of the interest rate cuts to automobile buyers. In a letter to RBI Governor Sanjay Malhotra, the Federation of Automobile Dealers Associations (FADA) also called for a review of private banks' repo-rate pass-through lags in the auto-loan portfolio and issue corrective directives to ensure uniform 100 per cent transmission to auto borrowers. "Under your leadership, the RBI has delivered the fastest series of policy-rate reductions in its history, a clear positive signal for the economy. Yet, this benefit is not fully visible in the auto-retail sector. While public-sector banks pass on repo-rate cuts to auto borrowers immediately, many private banks delay transmission on the pretext of internal cost-of-funds assessments," FADA Vice President Sai Giridhar said. In order to ensure that private banks also transmit the benefit of the

RBI grants 1-month extension to IndusInd Bank's committee of executives

Bank's chief human resources officer resigns after a two-decade stint with the bank

Credit growth inches up to 9.8% as deposit growth continues to outpace

At 10.1%, deposit growth continues to outpace credit, although the gap has narrowed to 300 basis points

Feb, Apr rate cuts fully transmitted, to help improve growth: RBI Governor

RBI Governor Sanjay Malhotra confirms the full transmission of February and April rate cuts, supporting a revival in credit growth. Future rate cuts depend on inflation and growth outlook

Centre appoints Anuradha Thakur as director on central board of RBI

The move comes a day after Seth was named chairman of the Insurance Regulatory and Development Authority of India (Irdai)

Thailand-Cambodia border clash, Rajasthan school collapse, Govt bans 20+ OTT platforms & more top #newsinamin

Thailand’s acting Prime Minister Phumtham Wechayachai has warned that ongoing cross-border clashes with Cambodia could escalate into war. The violence has already displaced over 130,000 people, as bot

RBI's 7-day VRRR receives significant demand due to reversal of ₹2 trillion

The RBI accepted Rs. 1.25 trillion in the 7-day VRRR auction at a cut-off rate of 5.49%, with a major uptick in demand after last week's Rs. 2 trillion reversal

Following repo cut, PSBs reduce rates more than private counterparts

The Reserve Bank of India has already cut its key repo rate by 100 basis points in an effort to jumpstart growth in the economy

Inflation, growth outlook to guide rate cuts, not current CPI data: RBI Guv

With data showing a steep decline in price rise in June, Reserve Bank Governor Sanjay Malhotra on Friday said that the outlook on inflation and growth will determine future rate cuts, making it clear that the current data will not influence the trajectory. Speaking at the FE Modern BFSI Summit here, Malhotra also stated that the RBI's rate cuts will not lead to asset bubbles and added that the central bank has more ammunition in its arsenal beyond rate cuts to help the economy. It can be noted that the RBI has cut its key rates by 1 percentage point this year, and official data pointing to headline inflation cooling to 2.1 per cent against the 4 per cent target has led to expectations of further easing. "Rate cuts will depend on the outlook for both growth and inflation rather than the current numbers," Malhotra said. "We have to remember that monetary policy works with a lag and hence outlook on the outcomes on key data like inflation for up to 12 months is kept in mind while taki

RBI to consider giving Section-8 MFI firms' access to credit bureaus

The lack of access to credit information leaves Section-8 MFIs in the dark about the worthiness of their clients, while allowing borrowers to exploit the arbitrage between Section-8 and mainline MFIs

Flexible inflation targeting helps anchor inflation expectations: RBI study

RBI's report on the transition to flexible inflation targeting highlights its role in managing inflation expectations, despite supply shocks and global inflation factors

Monthly RBI bulletin: Public-sector banks slashed rates more than pvt peers

RBI report says PSBs reduced lending and deposit rates more than private banks in response to 100-bps repo rate cut; economy stays resilient amid global uncertainty

Pvt sector lender IndusInd Bank to raise ₹30,000 crore via debt, equity

The board approved raising Rs 30,000 crore via debt and equity and cleared promoter rights to nominate two directors, pending RBI and shareholder approvals

Net FDI slumps 98% to $40 million in May 2025 as outward flows accelerate

Net FDI dropped to $40 million in May 2025 due to higher repatriation and outward investments, even as India remained attractive for gross FDI inflows

RBI net bought $1.76 bn in May; forward short dollar position at $65.21 bn

Before May, the RBI was a net buyer of the greenback only in March, while it remained a net seller in January, February, and April

RBI withdraws conditions on Religare Finvest under Corrective Action Plan

RBI withdraws CAP conditions imposed on Religare Finvest after noting compliance with regulatory requirements and changes in management and board composition

RBI cancels licence of Karwar Urban Co-op Bank over inadequate capital

The Reserve Bank on Wednesday said it has cancelled the licence of Karnataka-based The Karwar Urban Co-operative Bank as it does not have adequate capital and earning prospects. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 23, 2025. The Registrar of Cooperative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank, the RBI said in a statement. On liquidation, every depositor would be entitled to receive the deposit insurance claim amount of his/her deposits up to a monetary ceiling of Rs 5 lakh from Deposit Insurance and Credit Guarantee Corporation (DICGC). As per the data submitted by the bank, 92.9 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC, RBI said. As of June 30, 2025, DICGC has already paid Rs 37.79 crore of the total insured deposits. Giving details, the RBI said the cooperative does not h