Page 48 - Rbi

RBI mandates reporting of digital lending apps via CIMS portal from May 13

RBI directs regulated entities to upload digital lending app data on the CIMS portal by June 15 to enhance transparency and streamline digital lending regulations

Policy rate cut to put more pressure margins: Union Bank of India MD & CEO

Union Bank Q4 profit rises 50.57 per cent year-on-year, but net interest margin dips to 2.87 per cent as RBI repo rate cuts begin to impact lending margins

India's forex reserves dropped by $2 billion to $686 billion: RBI

India's forex reserves dropped USD 2.065 billion to USD 686.064 billion for the week ended May 2, the RBI said on Friday. In the previous reporting week, the overall kitty had increased USD 1.983 billion to USD 688.129 billion. The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended May 2, foreign currency assets, a major component of the reserves, increased USD 514 million to USD 581.177 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. Gold reserves decreased USD 2.545 million to USD 81.82 billion during the week, the RBI said. The special drawing rights were down USD 30 million to USD 18.558 billion, the apex bank said. India's reserve position with the IMF was also down USD 3 million at USD 4.509 billion in the reporting week, the apex b

RBI removes short-term investment limits for FPIs in corporate debt

The RBI has removed short-term and concentration limits on FPI investments in corporate debt to ease access and deepen market participation

RBI bumper payout to help offset shortfall in tax revenues, say analysts

Kotak Mahindra Bank expects RBI to transfer up to ₹3.5 trillion to the government, while IDFC First Bank estimates the dividend at around ₹3 trillion for the fiscal year ending March

Bank spread narrows to 10-year low of 2.71% in March: CareEdge

Lending-deposit rate spread for banks dropped to 2.71 per cent in March, driven by lower lending rates amid reduced high-yield loan exposure and RBI rate cuts

RBI framework suggest impact analysis before finalising regulations

RBI's new framework proposes mandatory public consultation, impact analysis, and periodic review for significant regulations, promoting transparency in rule-making

RBI recognises FIMMDA as SRO for financial markets under new framework

FIMMDA has become the first financial market body to be recognised as a Self-Regulatory Organisation under the RBI's 2024 framework to enhance oversight and governance

RBI grants SRO status to FIMMDA for oversight of financial markets

The Reserve Bank on Wednesday said it has recognised the Fixed Income Money Market and Derivatives Association of India (FIMMDA) as an SRO in financial markets regulated by the central bank. In August last year, the RBI had issued the framework for recognition of Self-Regulatory Organisations (SROs) in financial markets. The norms were issued in view of the potential role of SROs in strengthening compliance culture among their members and also providing a consultative platform for policy making. The statement said, an application seeking recognition as an SRO in financial markets regulated by the Reserve Bank was received from the FIMMDA. "Based on an examination of the application against the relevant requirements under the framework, it has been decided to recognise FIMMDA as an SRO in financial markets regulated by the Reserve Bank," it said. FIMMDA, an association of commercial banks, public financial institutions, primary dealers, and insurance companies was incorporated as a

Speculative, incorrect: Yes Bank denies stake sale reports in clarification

According to reports, SMBC is in talks with the private lender to acquire a little over 20 per cent stake in the bank, which will trigger an open offer to acquire a majority stake in the bank

Longer call money trading hours likely to address liquidity mismatch

The RBI has proposed extending call money trading hours to 7 PM from 5 PM to better align liquidity with 24x7 payment systems and address mismatches in fund flows

Draft gold loan guidelines may slow down NBFCs' loan growth, says Crisil

The draft guidelines propose that the loan-to-value (LTV) ratio be maintained within a ceiling of 75 per cent throughout the loan tenure, including both principal and accrued interest

SMBC nears YES Bank stake deal; India may see biggest private bank M&A

Yes Bank stake deal: Japanese lender SMBC may acquire 51% in YES Bank as RBI signals comfort, potentially triggering the largest private sector bank acquisition in India

RBI adds 58 metric tonnes of gold in FY25; share in reserves nears 12%

RBI added nearly 58 tonnes of gold in FY25, with most stored abroad; gold now accounts for close to 12 per cent of total foreign exchange reserves

Reserve Bank of India starts cutting short dollar book after 7 months

With the rupee appreciating 4.4 per cent since February's low, RBI is letting short dollar swaps mature while infusing liquidity through OMOs to offset the impact

RBI releases report on market timings; suggests extending call hours

RBI working group recommends extending call money hours to 7 PM and synchronising repo markets, while retaining current timings for G-secs and forex markets

Rupee hits 7-month peak against US dollar, slips on RBI intervention

The rupee briefly appreciated to 83.76 per dollar, its strongest level in seven months, before retreating as RBI stepped in to buy $3 billion and boost forex reserves

Poonam Gupta takes charge as RBI Deputy Governor, to join MPC in June

Poonam Gupta will oversee Monetary Policy, Research and Financial Stability departments at RBI and joins MPC as India debates targeting core versus headline inflation

RBI fines ICICI, Axis, three other banks for regulatory compliance lapses

The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement

BFSI News Wrap: IndusInd Bank CEO resigns, SBI plans equity fundraise

IndusInd Bank CEO resigns over ₹2,000 cr derivatives loss IndusInd Bank MD & CEO Sumant Kathpalia resigned, taking ‘moral responsibility’ for ₹2,000 crore derivatives losses after an internal probe.