Page 46 - Rbi

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

Forex reserves decline $4.88 billion to $685.72 billion, shows RBI data

The forex reserves had swollen by $4.55 billion in the previous week, which had pushed the total reserves to $690.617 billion. The country had reached a record high of $704.885 billion in Sep 2024

Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra

The governor said India's domestic growth is supported by stable policies, healthy corporate balance sheets and strong macroeconomic fundamentals that bode well for the economy.

RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra

While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted.

Rupee opens slightly higher at 85.97/$; focus shifts to RBI dividend

Indian Rupee today: The domestic currency began the session 3 paise higher at 85.97 on Friday, after closing at over a month's low on Thursday

RBI sells $34.5 bn in FY25, highest since global financial crisis

RBI net sold $34.5 billion in FY25 to stabilise the rupee amid US dollar strength, with forex reserves dipping and experts predicting record surplus transfer to government

RBI eyes interest rate relief for borrowers with co-lending rules

RBI met fintech industry bodies to discuss new co-lending norms that propose blended interest rates, which may reduce borrowing costs for digital loan customers

Govt to have a say in new payments regulatory board with a significant role

RBI governor, as chair of the board, will have casting vote

Notes in circulation rose to Rs 34.8 trn in 2024: RBI's monthly bulletin

CAGR of notes in circulation in value terms higher than volume terms last year

RBI moots special shares for UCBs as new source to raise capital

Special Share Certificates to be issued at book value without voting or membership rights; RBI says SSCs will be classified under Tier I capital for large UCBs

Foreign tourist arrivals strongly correlated with travel search: RBI report

Inbound tourism to India has rebounded strongly post-Covid, with search trends and foreign exchange data pointing to the sector's key role in employment and growth

NiC rises to Rs 34.8 tn but growth slows with shift to higher notes

Cash usage in India has slowed since the 1990s despite NiC rising to Rs 34.8 trillion in 2024, with increased ATM access and digital adoption impacting demand

Net FDI into India falls to $0.4 bn in FY25 amid repatriation surge

Net FDI fell sharply due to higher repatriation and outward investments even as gross inflows rose 13.7% to $81 bn with 60% of flows going to four key sectors

Banks seek overnight liquidity ops, easier reserve norms from RBI

RBI's main cash management tool has been the 14-day variable repo since a change in 2020 that was intended to lower banks' reliance on the RBI and push them to better predict their liquidity needs

What role will central banks play when tokenised finance goes mainstream?

With apps like Robinhood easing investing, Millennials and Gen Z reject private banks offering unlisted unicorns to their wealthy parents but not to actual users of these startups' services

RBI proposes relaxation in norms for investment in AIFs by banks, NBFCs

The RBI has proposed capping investment by regulated entities in AIF schemes at 15%, with a 10% ceiling per entity, while also allowing exemptions for strategic funds

Open market operations: The central bank's new communication policy

The approach to managing liquidity and communication policy is yet another manifestation of how the central bank has taken a fresh view on the issue

Emirates NBD gets RBI in-principle nod to set up wholly owned subsidiary

Dubai-based Emirates NBD has received RBI's in-principle approval to convert its three India branches into a wholly owned subsidiary to deepen domestic banking services