Page 39 - Rbi

Bank NIMs may shrink by 30 bps in FY26 on loan repricing: Fitch Ratings

Fitch Ratings forecasts margin contraction in FY26 as 45% of bank loans reprice downward quickly; repo rate cuts and unchanged low-cost deposit share are key factors

RBI monetary policy: August rate cut hopes get a fillip, says BS poll

Economists pencil in 25 bps reduction in the repo rate by December

RBI's 3-day VRRR sees weak demand amid GST outflows, reporting week

Banks park only ₹57,450 crore in RBI's ₹1-trillion three-day VRRR as they conserve liquidity ahead of GST payments and fortnightly reporting requirements

RBI Governor hints at allowing foreign banks to own 26% in Indian banks

RBI Governor Sanjay Malhotra says interest rate transmission is effective and hints at a policy to allow foreign banks to hold up to 26 per cent in Indian lenders

Comfortable position: Low inflation may not lead to another rate cut

Prices of oils and fats, for example, increased by over 17 per cent and may require policy attention

EximPe secures in-principle nod for cross-border payment aggregator licence

EximPe gains RBI's in-principle approval for a cross-border payment aggregator licence, plans to expand 10x by FY26 and enhance services for SMEs and B2B trade in Asia

RBI may cut rates further if inflation falls or growth slows: Guv Malhotra

While price stability remains the central bank's primary objective, growth is also a key consideration

Economy to grow at 6.5% in FY26 despite global uncertainties: EAC-PM Chair

The Indian economy is expected to grow at 6.5 per cent in the current financial year, despite geo-political tensions and trade policy uncertainties, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev said on Tuesday. In an interview with PTI, Dev further said that domestic growth will be driven by low inflation, resulting from good monsoon and benign interest rate regime, triggered by three back-to-back rate cuts by the Reserve Bank of India. "There are significant global headwinds like the twin shocks of geo-political tensions and trade policy uncertainties. "However, the Indian economy is resilient and continues to be the fastest growing country among large economies," the eminent economist said. According to Dev, high-frequency indicators for the first two months of 2025-26 indicate resilient performance of the domestic economy. "A 6.5 per cent of GDP growth for FY26 is feasible despite global uncertainties. India's medium-term growth prospects see

RBI to hold 3-day VRRR auction Tuesday to absorb ₹1 trillion liquidity

RBI to absorb ₹1 trillion via a three-day VRRR auction on Tuesday, aiming to manage surplus liquidity and align maturities with GST-related outflows

Nearly a decade into its existence, IBC framework needs to be reimagined

The famous "tareekh pe tareekh" dialogue from the Hindi movie Damini captures where we are now

RBI fines HDFC Bank, Shriram Finance for violations of regulatory norms

The Reserve Bank of India imposed a penalty of ₹2.70 lakh on Shriram Finance and ₹4.88 lakh on HDFC Bank for violating regulatory norms

RBI likely to replace WACR with TREPS as operative target, says Nomura

Nomura reports that the RBI may shift its liquidity management target from WACR to TREPS or a SORR-like composite, in line with global best practices and increased volumes in secured money markets

India's forex reserves fall by $3 billion to $699.736 billion: RBI data

India's forex reserves dropped by USD 3.049 billion to USD 699.736 billion in the week ended July 4, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by USD 4.849 billion to USD 702.784 billion. The reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended July 4, foreign currency assets, a major component of the reserves, dropped by USD 3.537 billion to USD 591.287 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves were up by USD 342 million to USD 84.846 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 39 million to USD 18.868 billion, the apex bank said. India's reserve position with the IMF jumped by USD 107 million to USD 4.735 billion in the reporting wee

Managing excess liquidity: Financial markets need more clarity now

Excess liquidity could also incentivise the banking system to extend loans at lower rates

Banks expect RBI to double VRRR auction as liquidity stays surplus

At 2-day VRRR auction, RBI receives bids worth ₹97,315 cr against notified ₹1 trn

NBFC credit should reach 50% of SCBs' volume by 2047: FM Nirmala Sitharman

The finance minister further said that financial inclusion cannot be used as a pretext for "financial exploitation"

Avoiding fraudulent loan apps: RBI listing, ratings & reviews key to safety

Loans from registered NBFCs or banks come with a key fact statement (KFS), a sanction letter, and a loan agreement detailing all costs

RBI issues draft framework for novation of OTC derivative contracts

The Reserve Bank on Wednesday issued draft guidelines for novation of OTC derivative contracts with a view to rationalising the related regulatory requirements. Novation means the replacement of a market maker with another market maker in an OTC derivative contract between two counterparties to an OTC derivative transaction with a new contract between remaining party and a third party (transferee). The transaction shall be undertaken at prevailing market rates, said the Draft Reserve Bank of India (Novation of OTC Derivative Contracts) Directions, 2025. "The novation of an OTC derivative contract shall be done with the prior consent of the remaining party," it said. It further added that the Fixed Income Money Market and Derivatives Association of India (FIMMDA) and the Foreign Exchange Dealers' Association of India (FEDAI), as applicable, in consultation with market participants and based on international best practices, shall devise standard agreements for novation. "Market ...

No proposal to introduce ₹50 coin as public prefers notes: Centre to HC

The Centre told Delhi High Court there is no plan to issue a ₹50 coin, citing RBI findings that people prefer banknotes over coins due to weight, size, and ease of daily use

Govt banks step up efforts to bridge linguistic chasm with customers

State-owned banks are prioritizing local language skills in their hiring to improve customer service and reduce language barriers, with Bank of Baroda and SBI leading the way