Page 45 - Rbi

Govt nominees in Payments Regulatory Board may help bridge RBI-FinMin gap

The top priorities for the new board could include decisions on how Unified Payments Interface (UPI) is incentivised in the future

Rupee opens 6 paise lower at 85.15/$ even as dollar, oil prices slip

Indian Rupee today: The domestic currency began 6 paise weaker at 85.15 against the US dollar, after ending at 85.09 on Monday

RBI's wider risk buffer range aimed at flexibility in times of uncertainty

RBI revises CRB range to 4.5-7.5% under updated ECF, giving it flexibility to manage surplus transfers and avoid large fiscal shocks in volatile conditions

Datanomics: Govt finances get a cushion from RBI, more needed for stability

Defence expenditure was pegged at 1.4 per cent of GDP in the Budget for 2025-26 but it may widen, depending on tensions between India and Pakistan

Nifty reclaims 25k, Sensex ends above 82k on RBI dividend, monsoon

Markets gained for a second day as early monsoon, easing trade tensions and the RBI's record ₹2.69 trillion dividend supported bullish sentiment

NFRA gets IndusInd Bank complaint; in talks with RBI to avoid probe overlap

The authority, however, is in talks with the Reserve Bank of India (RBI) to cross-check the investigations, including a forensic audit, that the central bank has conducted so far to avoid duplication

RBI's ₹2.69 trillion dividend to govt: Where does its money come from?

RBI's record dividend this year is driven by dollar sales, rupee asset earnings, and tweaks to the Jalan panel formula, giving the govt more fiscal room

Shorter Indian bonds set to gain further on RBI's record dividend payout

The yield on the five-year note has declined more than 50 basis points since April 1, outpacing the 33 basis-point decline on the 10-year note

RBI plans to seek approval for overseas rupee lending to neighbours

According to Ministry of Commerce data, 90 per cent of India's exports to South Asia were to these four nations in 2024/25, amounting to nearly $25 billion

India GDP growth likely picked up in Q4 on strong rural spending: Poll

Without stronger domestic demand, GDP growth will continue to rely heavily on government spending, as it has for years

Best of BS Opinion: Should RBI cut its intervention in currency markets?

Today's editorial page looks at RBI interventions in currency markets, the need for a new deep-sea port , the future of payments regulations, horticulture management, and the challenges of AI

Currency gains: Why increasing the risk buffer is a prudent move

The RBI has been generating higher surpluses on account of, among other things, higher interest income and foreign-exchange gains

Deposit insurance cap hike likely soon, may go beyond ₹5 lakh in 6 months

The deposit insurance limit refers to the amount of savings in bank deposits whose safety is assured if a lender goes bankrupt

RBI dividend may cut fiscal deficit to 4.2% of GDP in FY26: SBI report

SBI says higher-than-budgeted dividend from RBI gives government room to lower FY26 fiscal deficit to 4.2 per cent of GDP or increase spending in key areas, amid strong liquidity and BoP outlook

Rupee logs best day in 30 months, rises nearly 1% against US dollar

Rupee rallies 0.9 per cent to 85.21 per dollar, its strongest one-day gain since November 2022, aided by RBI dollar sales, weaker greenback, and equity inflows

RBI board approves record surplus transfer of ₹2.69 trillion to govt

RBI approves a record ₹2.69 trillion surplus transfer to the Centre for FY25 while revising the Contingent Risk Buffer range to 7.5 to 4.5 per cent of its balance sheet

Credit card spends rise 18% to ₹1.84 trillion in April, shows RBI data

Credit card spends surged 18 per cent YoY in April but fell 8.7 per cent from March, as issuers remained cautious on new cards due to stress in unsecured portfolios

India's forex reserves fall $4.9 bn due to decline in gold holdings

India's foreign exchange reserves dropped by $4.9 billion to $685.7 billion in the week ended May 16 due to a sharp $5.1 billion decline in gold reserves

Banks must offer KYC update to reactivate inactive accounts: RBI draft

RBI's draft proposes KYC updates at all bank branches and via video to ease activation of inoperative or unclaimed accounts and reduce dormant deposit numbers

RBI dividend: Jalan panel recommendations hold strong, minor tweaks needed

RBI's dividend transfer to the government based on Bimal Jalan committee recommendations has "stood the test of time" and only some tweaking may be required for the coming five years, a government source said on Friday. The source said that at a time when the economy is seeing a steady, consistent growth, some alteration in dividend transfer formula may be required to suggest what should be the set formula for the next five years. The source said the dividend transfer so far has been calculated based on the Bimal Jalan-panel's ECF recommendations and certainly the time to review the framework has come. "The Bimal Jalan panel recommendations has stood the test of time, even during Covid... I don't see Jalan panel formulations coming to such an end. Some kind of alterations will happen and RBI is working on it, may be some tweaking (of the panel recommendations)," the source said. The RBI gives dividend to the government on the basis of its Economic Capital Framework (ECF), which was