Page 4 - Rbi

PSU banks green deposits surge to ₹3.7k cr in FY26 as RBI framework matures

State-owned lenders witnessed a sharp surge in green deposit mobilisation in FY26 amid increased depositors awareness and the maturation of the Reserve Bank of India's (RBI) Green Deposit Framework, introduced in 2023. According to PTI's analysis of banks' Annual reports for 2025-26, eight state-owned lenders raised Rs 3,733.11 crore in FY26 through green deposits, compared to Rs 1,831.79 crore in the year-ago period. The rise in green deposits reflects a growing focus among banks and depositors towards sustainable finance, with lenders increasingly linking their fundraising efforts with environmentally responsible lending, analysts said. State Bank of India (SBI), the country's largest lender, raised Rs 317.39 crore through its green deposit products till March 2026, with outstanding green deposits recorded at Rs 218 crore as on March 31, 2026. SBI garnered Rs 189.08 crore through green deposits in FY26, with the entire amount being deployed in clean transportation, particularly i

NBFCs can distribute insurance products without seeking RBI approval

New framework permits insurance distribution subject to Irdai approval and lays down safeguards for sale of third-party financial products

India saw $4.7 billion current account surplus in April: RBI data

India recorded a current account surplus of USD 4.7 billion in April as against a deficit of USD 4.8 billion in the year-ago month, on the back of higher services exports and net transfer receipts, according to Reserve Bank data released on Monday. The imports bill was at USD 72.5 billion, up from USD 65.8 billion, while exports stood at USD 44.6 billion compared to USD 38.7 billion, according to preliminary data on India's Balance of Payments (BoP). The merchandise trade deficit stood at USD 27.9 billion in April 2026, marginally higher than USD 27.1 billion in April 2025. Net services receipts increased to USD 18.6 billion during April from USD 15.9 billion in April 2025. Services exports stood at USD 37 billion, while imports were USD 18.4 billion. Net transfers increased to USD 16 billion in April 2026 from USD 9.4 billion a year earlier, said the Reserve Bank of India (RBI) data. On the capital account, India recorded a net outflow of USD 11.3 billion in April 2026 as against

RBI allows banks to open repatriable rupee accounts for overseas investors

Move operationalises Centre's decision to expand direct equity investment access beyond NRIs and OCIs

RBI tightens norms on bundled products; lenders to refund for mis-selling

New framework mandates explicit customer consent, bans dark patterns and requires lenders to compensate customers in cases of mis-selling

The rupee's problem runs deeper than West Asia war and oil price surge

While foreign firms have been reluctant to invest in India, Indian firms have been expanding their investment abroad

RBI issues payment system authorisation norms under new master directions

The new framework consolidates existing regulations and introduces perpetual authorisation for payment system operators subject to regulatory compliance

AI is changing banking: Here's why RBI wants banks to be careful | Mythos AI | Cybersecurity

Why has the RBI asked banks to prepare for AI-powered cyber threats? The regulator has warned banks to assess risks linked to advanced frontier AI models and strengthen their cybersecurity systems.

A new era of 'free' deposit rates begins with RBI's LCR-based window

The Reserve Bank of India recently opened a window allowing banks differential interest rates on deposits, based on their LCR runoffs

RBI's swap facility for OFCB: Dollar route to cut banks' funding costs

The RBI's concessional swap facility for overseas foreign currency borrowings is expected to lower funding costs and help banks bridge the gap between credit and deposit growth

India's forex reserves decline by $711 million in week ended June 5

India's foreign exchange reserves fell by $711 million to $681.61 billion in the week ended June 5, as a decline in foreign currency assets outweighed gains in gold reserves

₹40K cr rush: Companies lock in easing bond yields through debt sales

₹27K cr debt haul this week; pipeline holds ₹13K cr for next week

Corporate bond market revives with ₹27,000-crore issuances this week

Borrowers raised around ₹27,000 crore through corporate bonds this week as softer yields lowered costs, with another ₹13,000 crore scheduled next week

India's forex reserves drop $711 mn to $681.610 bn: RBI data

India's forex reserves dropped USD 711 million to USD 681.610 billion during the week ended June 5 due to a sharp decline in foreign currency reserves, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped USD 938 million to USD 682.321 billion. For the week ended June 5, foreign currency assets -- a major component of the reserves -- was down USD 2.704 billion to USD 543.444 billion, the data released by the Reserve Bank of India (RBI) showed. Expressed in dollar terms, foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. However, the value of gold reserves increased USD 1.975 billion to USD 114.575 billion during the week, the RBI said. The special drawing rights (SDRs) were up USD 18 million to USD 18.765 billion, the RBI said. India's reserve position with the IMF stood at USD 4.826 billion in the reporting week, it added.

RBI's FCNR(B) scheme may help NRIs earn up to 27 per cent returns

Brokerages estimate leveraged FCNR(B) deposits could generate annual returns of up to 27 per cent for NRIs while helping banks attract $30-60 billion in fresh foreign currency inflows

SBI, Bank of Baroda plan first dollar bonds under RBI subsidy window

Both banks are targeting to raise around $500 million through five-year dollar bonds

Can foreign bond inflows strengthen the rupee and lower yields now?

Can foreign bond inflows strengthen the rupee and lower yields? Experts say yes, but only at the margin, with domestic and global factors playing a larger role

Best of BS Opinion: E85 policy push needs a coherent transport roadmap

From India's biofuel push and FIFA's commercial priorities to pressure on the rupee, shifts in the global arms market and Malayalam cinema's evolution, here are today's key opinion pieces

High logistics costs, static interchange fees lead to ATM cash shortages

Stakeholders discuss how to break the logjam at ATMs

India sees $3 billion debt rush on yield slump after RBI measures

Indian firms are accelerating bond issuances as RBI measures to support the rupee drive borrowing costs lower and boost demand for corporate debt