Market participants said that the fall in overnight rates further weighed on OIS rates
The RBI has infused Rs 2.9 trillion via OMO auctions so far. It has also infused Rs 2 trillion via long-term variable rate repo (VRR) auctions
RBI on Friday asked all applicants, including Regulated Entities (REs), to use the PRAVAAH platform for submitting applications for regulatory authorisations, licences, and approvals with effect from May 1, 2025. In a statement, the Reserve Bank said it is committed to achieving end-to-end digitization of all internal workflows involved in regulatory approval processes to enhance efficiency, transparency, and timeliness in service delivery. To this end, it had launched PRAVAAH (Platform for Regulatory Application, Validation And Authorisation) portal on May 28, 2024, to streamline online applications for regulatory authorisations, licenses, and approvals ensuring seamless, secure and faster delivery of services in a transparent manner. "With effect from May 01, 2025, all applicants, including Regulated Entities (REs), are advised to use PRAVAAH for submitting applications for regulatory authorisations, licenses, and approvals to the Reserve Bank using the application forms already .
Growth in Asia's third-largest economy, which is under threat from slowing urban consumption and tepid private investment, could worsen because of the escalating US-China trade war
Loans to mid and large corporates are linked to the marginal cost of funds based lending rate or MCLR which is yet to come down
NBFCs pulled up for lax underwriting, steep charges
RBI Governor Sanjay Malhotra's statement explains what an accommodative monetary policy stance means it is geared towards stimulating the economy through softer interest rates
Dials down growth, inflation projections
Aim to have surplus liquidity of around 1% of NDTL
An 'accommodative' stance effectively means that, absent any further shocks, the MPC is considering only two options - rate cut or a pause
The benchmark yield settled at 6.44 per cent, down from the previous close of 6.48 per cent. Bond yields and prices are inversely related
In the draft circular, the RBI stated that norms for lending against gold collateral must be incorporated into the credit/risk management policy of lenders
This move is expected to enhance credit flow to underserved segments, such as micro, small, and medium enterprises (MSMEs), while also ensuring stronger customer protection, experts said
REs will issue an NFB facility only on behalf of a customer having a business relationship with them
Currently, standard assets are securitised widely, where banks and non-banking finance companies (NBFCs) participate actively to acquire such assets
RBI MPC Meeting 2025 highlights: Catch all the latest news updates on the RBI Monetary Policy Committee meeting here
P2P transactions on UPI shall continue to be capped at Rs 1 lakh
The repo rate cut by the RBI reinforces the central bank's commitment to support economic growth
RBI MPC reduced the repo rate by 25 basis points to 6 per cent, marking the second cut this year
During the post-Monetary Policy press conference, RBI Governor Sanjay Malhotra said the central bank lowered the growth forecast primarily because of the tariff-related uncertainties