Page 5 - Rbi

Rupee snaps two-day rally as oil firms buy dollars, forwards mature

The domestic currency weakened against the dollar amid demand linked to forward maturities, oil company purchases and rising geopolitical tensions that boosted the greenback

Bank credit growth at near two-year high of 17.65% in May 31 fortnight

Credit growth accelerated sharply in the fortnight ended May 31, while deposit mobilisation remained slower, widening the credit-deposit growth gap to 544 basis points

May bank credit grows over 17%, ninth straight month of double-digit growth

Bank credit grew 17.44 per cent year-on-year in May, marking the ninth consecutive month of double-digit expansion, reflecting sustained demand for loans from both retail and corporate borrowers, according to the latest Reserve Bank data. On May 15, credit growth was seen at 16.06 per cent, indicating a sharp pickup by month-end. Since January 31 this year, credit growth has stayed above 13 per cent and ranged between 14 and 17 per cent thereafter. The uptrend became more pronounced from September 2025 onward, when growth accelerated to 10.21 per cent and 10.29 per cent in successive fortnights, and remained firmly in double-digit territory thereafter. On September 3 last year, the GST Council approved a simplified two-tier tax structure of 5 per cent and 18 per cent, a move seen as improving compliance clarity and business sentiment. October and November consolidated the recovery, with lending growth moving past 11 per cent and hovering in the 11-11.4 per cent range, supported by

World Bank lifts India FY27 growth view to 6.6%, sees strong recovery

The multilateral lender cited resilient domestic demand and stronger export prospects, while warning that higher energy prices could strain government finances

Rupee risks persist as oil shock could outpace policy response

The clock is ticking on the capital inflows that the recent measures of the government and the RBI are expected to garner

DFS Secretary Lohiya named director on RBI, SBI central boards

The government has appointed Department of Financial Services Secretary Sanjay Lohiya to the central boards of the Reserve Bank of India and State Bank of India

India Inc's ECB, FCCB intent moderated to $3.76 billion in April

Indian companies proposed raising $3.76 billion through external commercial borrowings and foreign currency convertible bonds in April, down from $5.43 billion in March

Indian firms rush to raise $3 bn debt as RBI steps cut borrowing costs

This has pushed corporate borrowing costs lower by 40-45 basis points, per LSEG benchmark 'AAA'-rated corporate bond yields of up to five years, while the spread over government bonds has narrowed

Indian banks look to foreign funding to tap RBI's new capital inflow push

The lenders sought clarity from the Reserve Bank of India if they can use a portion of deposits collected from non-resident Indians as collateral

Axis Bank matches peers with 6% FCNR(B) rate under RBI's spl deposit scheme

Axis Bank has increased FCNR(B) deposit rates by up to 305 basis points, joining several lenders seeking to attract foreign currency inflows under the RBI's special swap facility

Dollar draw: Domestic banks raise their FCNR (B) deposit rates sharply

Major lenders have increased FCNR(B) deposit rates after the RBI offered to absorb hedging costs, a move aimed at attracting foreign currency inflows from NRIs

Datanomics: Not metros, homes in smaller cities saw higher price growth

RBI data shows housing prices in several smaller cities have outpaced metros, while Delhi and Hyderabad remain below their 2022-23 price levels

Bank loans to Reits and Invits to be based on asset cashflow record: RBI

Final norms effective from October 1, 2026, allow bank finance based on operating cash-flow history of underlying assets instead of a three-year track record for trusts

RBI cancels registration certificates of 135 NBFCs, most in West Bengal

The Reserve Bank of India (RBI) on Wednesday said it has cancelled the certificate of registration of 135 non-banking finance companies. These include companies such as Express Fincap House, Akshay Fiscal Services, Times Finance (P), Jupiter Projects (P), Jupiter Finvest, Essel Finance Business Loans, and Citiwide Financial Services. The majority of the NBFCs, whose certificates of registration were cancelled, had a registered office address in West Bengal, an RBI release showed. Separately, 13 non-banking finance companies have surrendered their certificates of registration to the central bank due to exiting the business or ceasing to be legal entities following amalgamation/merger/dissolution/voluntary strike. J. Thomas Finance, Econ-Super Sales, Hitesha Finance and Investment, Tinnevelly Tuticorin Investments, Carnex Vinimay, and Impact Leasing surrendered their licences due to exit from Non-Banking Financial Institution (NBFI) business, the release said. Further, Forerunner ..

RBI consolidates governance norms for risk, compliance and audit functions

Revised framework mandates independent control functions led by CRO, CCO and HIA, with fixed tenures and enhanced board oversight from January 2027

India's outward FDI commitments halve from April high, rise 35% on year

Guarantees, equity investments and loans declined from April levels, though total overseas commitments remained significantly higher than a year earlier

RBI forex swap measures may attract $60-70 bn inflows, says Ind-Ra

The RBI's forex swap measures on FCNR (B) deposits and ECBs by state-owned companies could attract USD 60-70 billion in foreign capital and support the rupee, India Ratings and Research (Ind-Ra) said on Wednesday. The central bank, on June 8, announced that authorised dealer banks can access the RBI's swap facility for Foreign Currency Non-Resident (Bank) (FCNR (B) deposits with maturities ranging from 3-5 years till September 30. The facility would allow banks to swap US dollar deposits with the regulator and manage currency risks. The slew of measures announced by the RBI to shore up foreign capital inflows includes a concessional forex swap facility to encourage PSUs to raise ECBs until September 30. Ind-Ra said FCNR (B) is likely to play a key role in mobilising foreign capital, with the RBI bearing hedging costs, and banks can offer better returns to overseas depositors. "Ind-Ra expects the arrangement to generate sizeable inflows, potentially in the range of USD 60-70 billion

Outward FDI commitments by Indian firms drop 49% in May: RBI data

India's total outward foreign direct investment commitments declined 49.02 per cent month-on-month to USD 4.49 billion in May 2026 from USD 8.84 billion, mainly due to lower equity investments, loans, and guarantees issued by Indian companies, according to RBI data. However, total financial commitments by Indian entities under overseas investment increased 34.6 per cent year-on-year in May 2026 from USD 3.34 billion, data showed. Equity investments abroad dropped sharply to USD 1,247.82 million in May from USD 3,537.35 million in April, marking a decline of about 64.72 per cent. Overseas loans extended by Indian companies also declined to USD 632.12 million in May from USD 1,299.69 million in April. Guarantees issued, which formed the largest component of overseas commitments, fell to USD 2,608.83 million in May from USD 3,999.79 million in April, declining around 35 per cent. However, it increased from USD 1,122.37 million in May 2025. In the equity investment segment, Indovida I

Short-term bond yields hit three-month low on RBI dollar measures

On Friday, the ‌Reserve Bank of India unveiled steps to attract dollar inflows, including fully subsidising hedging costs on foreign currency deposits raised from non-resident Indians

RBI likely stepped in to support rupee, conducts swaps, say traders

The rupee was at 95.27, up modestly ‌on the day after hitting an intra-day low of 95.5625 in early trading