Page 5 - Rbi

Going green for planet blue: Sustainable finance returns to lenders' agenda

As India finalises its climate finance taxonomy, banks are expanding green lending while experts call for deeper capital pools and stronger disclosure norms

SBI Card leads May credit card additions as industry adds nearly 1 mn cards

SBI Card added the highest number of new credit cards in May as the industry added nearly one million cards, while credit card spending rose to Rs 2.02 trillion

10 more jurisdictions come under RBI's State Development Loans framework

States and UTs are expected to raise Rs 3.19 trillion through market borrowings in Q2FY27, while the RBI expands its benchmark issuance framework to improve SDL liquidity

India's forex reserves rise by $963 mn to $672.587 billion: RBI data

India's forex reserves increased by USD 963 million to USD 672.587 billion during the week ended June 19, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped by USD 9.985 billion to USD 671.625 billion. For the week ended June 19, foreign currency assets, a major component of the reserves, decreased by USD 3.072 billion to USD 541.217 billion, according to the RBI. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in foreign exchange reserves. However, the value of gold reserves increased by USD 4.110 billion to USD 107.930 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down USD 52 million to USD 18.647 billion, the apex bank said. India's reserve position with the IMF slipped USD 22 million to USD 4.793 billion in the reporting week, according to the apex bank's data.

RBI's AI risk framework to strengthen governance, oversight of AI models

The central bank's draft guidelines require board-approved model risk frameworks, stronger oversight of AI models and enhanced safeguards for customer-facing artificial intelligence applications

RBI proposes wider access to money markets in draft rules for NBFCs, firms

Under the draft proposals, companies will also be allowed to participate in the term money market as lenders but smaller non-bank finance firms will be excluded

Best of BS Opinion: Weather risks, state finances and Trump's economics

Today's opinions examine monsoon uncertainty, RBI's NBFC framework, worsening state finances, Donald Trump's economic approach and the future of modern feminism

Tata Sons' listing hangs in balance after RBI diktat for upper-layer NBFCs

In its latest direction, the central bank has dropped a provision defining the "indirect receipt of public funds"

Listing Tata Sons: RBI's directions could strengthen group's governance

Tata Sons was designated an upper-layer NBFC by the RBI in September 2022, mandating its listing within three years

RBI introduces total return swaps, broadens credit derivatives market

RBI introduces Total Return Swaps and widens credit derivatives participation to deepen the corporate bond market and improve risk management

RBI drafts rules for NBFC, AIFI participation in term money market

The draft framework permits transactions to be executed in over-the-counter markets, including NDS-CALL and electronic trading platforms authorised by the RBI

RBI consolidates rules for outright, when-issued & short-sale G-sec trades

Draft master directions bring together rules for government securities trading, widening market access while consolidating norms on reporting, settlement and short selling

Indian fintechs eye overseas licences as they push into global markets

Cross-border payment firms are seeking licences in markets such as Canada, the US and Singapore as they look to build a multi-country presence beyond India

Banks lead market rebound after RBI governor's remarks lift sentiment

Policy worries fade; clarity on foreign currency deposit lifts lenders

RBI sets compliance blueprint for AI-driven finance under draft framework

The draft framework requires regulated entities to establish board-approved model risk management systems covering all models, including AI and machine learning applications

RBI drops separate onshore-offshore foreign-exchange position calculation

The revised framework aligns foreign exchange risk calculations with Basel standards and allows certain structural foreign-currency exposures to be excluded from NOP calculations

RBI caps compensation for digital fraud victims at ₹25,000 under new norms

However, the central bank has deferred the implementation of the framework by six months, from July 1, 2026, to January 1, 2027

Most steps for India's inclusion in global bond indices in place: RBI guv

Governor Sanjay Malhotra says investor-friendly measures are being rolled out as India seeks inclusion in Bloomberg's Aggregate Bond Index

Currency questions: Higher costs of incentives for NRIs must be debated

RBI's push to attract FCNR deposits may ease external pressures, but improving conditions raise questions over the costs, risks and necessity of the incentives

RBI withdraws concentration-risk exemptions for govt-owned NBFCs

The revised framework mandates annual identification of Upper Layer NBFCs and brings government-owned entities under the same exposure norms as their regulatory peers