Page 49 - Rbi

RBI monetary policy: Laser-focused on supporting economic growth

To give context to the significant turnaround in liquidity conditions, the RBI has purchased government bonds worth ₹5.23 trillion spread-over December 2024-end to May 2025

New DLG provisioning norms: Fintech bodies hope for relief from RBI

Collecting data from fintechs to substantiate likely impact of double-provisioning

Over 63,000 digital payment frauds reported in last decade: Govt

Government data show over 63,000 digital payment frauds worth Rs 733 crore in the past decade as Congress questions the Modi government's banking security record

RBI documentary series premieres on JioHotstar with first of five parts

The five-part series on the Reserve Bank of India explores its 90-year journey, covering its vision, achievements, and the critical roles it plays in India's economy

RBI may go for 'jumbo rate cut' of 50 bps on Friday: SBI research

The Reserve Bank of India (RBI) may go for a "jumbo rate cut" of 50 basis points on Friday to reinvigorate the credit cycle and counterbalance uncertainties, said SBI research report. RBI's rate-setting panel Monetary Policy Committee (MPC) will start deliberations on the next bi-monthly monetary policy on June 4 and announce the decision on June 6 (Friday). The central bank reduced the key interest rate (repo) by 25 bps each in February and April, bringing it to 6 per cent. The six-member MPC, headed by RBI Governor Sanjay Malhotra, also decided to change the stance from neutral to accommodative in its April policy. "We expect a 50-basis point rate cut in June 25 policy as jumbo rate cut could act as a counterbalance to uncertainty," said the research report from the State Bank of India's Economic Research Department 'Prelude to MPC Meeting - June 4-6, 2025'. It further said a large rate cut could reinvigorate a credit cycle. "Cumulative rate cut over the cycle could be 100 basi

₹2,000 notes worth ₹6,181 crore still in circulation; 98.26% returned: RBI

The high-denomination ₹2,000 note was introduced in November 2016 after the demonetisation of Rs 500 and Rs 1,000 notes

$84 bn short book putting pressure on rupee, Asia's worst performer

The Reserve Bank of India had dollar repayments near a record high of $84.3 billion as of March as indicated by its net short forwards position

RBI monetary policy: 25-bp repo rate cut on the cards, shows BS poll

RBI expected to lower inflation projection for FY26

Rising US yield, weakening dollar are everyone's problem, says KIE

KIE flags rising tremors in US debt and dollar that could rattle global markets

The curious story of 'boring' RBI monetary policy and witty money men

Beyond growth-inflation dynamics, let's revisit moments when central bankers brought humour to the table

RBI likely to deliver 3rd consecutive rate cut of 25 bps on Friday: Experts

The Reserve Bank is likely to go for a third consecutive rate cut of 25 basis points on Friday as inflation continues to remain below the median target of 4 per cent, to push growth amid continued global uncertainty triggered by the US tariff moves. Reserve Bank's rate-setting panel Monetary Policy Committee (MPC) will start deliberations on the next bi-monthly monetary policy on June 4 and announce the decision on June 6 (Friday). The RBI reduced the key interest rate (repo) by 25 bps each in February and April bringing it to 6 per cent. Six-member MPC headed by RBI Governor Sanjay Malhotra also decided to change the stance from neutral to accommodative in its April policy. In response to the 50-bps cut in the policy repo rate since February 2025, most of the banks have reduced their repo-linked external benchmark based lending rates (EBLRs) and marginal cost of funds-based lending rate (MCLR). "We do believe that given the rather benign inflation conditions and the liquidity ...

Draft gold loan norms: FinMin seeks exemption for small-ticket borrowers

DFS suggests exemption for borrowers under ₹2 lakh from RBI's proposed gold loan norms, with implementation timeline set for January 2026

Govt to buyback ₹25,000 crore in bonds via RBI auction on June 5

The government will repurchase select 2026 and 2027 securities via an RBI auction to reduce liabilities and improve the fiscal and debt profile

Bank credit growth slows to 6.7% in first half of April, shows RBI data

Bank credit growth slowed to 6.7% in April, with faster growth in metals and textiles but slower in infrastructure and agriculture. RBI data highlights changes in services and personal loans credit

RBI's LRS review to align with wider economic, geopolitical conditions

The central bank is reassessing annual limits, permitted uses, currency options and compliance alignment in its Liberalised Remittance Scheme amid evolving economic realities

Interest rates on fresh deposits declined sharply by 35 bps in April

Fresh deposit rates declined more sharply than lending rates in April, as RBI's policy easing and surplus liquidity support rate transmission across the banking system

Banks' gold loan growth more than doubles in April on price surge

Gold loan growth rises 119.6% YoY to Rs 2.23 trillion in April 2025; RBI data shows slowdown in retail and NBFC credit growth despite robust rise in gold-backed lending

RBI plans guidelines to curb mis-selling of financial products in FY26

As complaints rise, RBI will frame rules in FY26 to curb mis-selling of financial products by banks and NBFCs, with possible impact on insurers' banca channels

India's forex reserves rise $6.99 billion to $692.72 billion: RBI

India's forex reserves jumped by USD 6.992 billion to USD 692.721 billion during the week ended May 23, the RBI said on Friday. In the previous reporting week ended May 16, the overall reserves had dropped by USD 4.888 billion to USD 685.729 billion. The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended May 23, foreign currency assets, a major component of the reserves, increased by USD 4.516 million to USD 586.167 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 increased by USD 2.366 billion to USD 83.582 billion during the week, the RBI said. The Special Drawing Rights (SDRs) rose by USD 81 million to USD 18.571 billion, the apex bank said. India's reserve position with the IMF was also up by USD 30 million at USD 4.40

India's GDP grows at 7.4% in Q4 FY25; full-year growth estimated at 6.5%

RBI had pegged the fourth quarter's GDP growth at 7.2%, and FY25 at 6.6%