Page 52 - Rbi
RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra
While India permits 74% foreign direct investment in private banks, it restricts a single financial entity from holding more than 15% unless a regulatory exemption is granted.
 "RBI reviewing shareholding norms for banks, says Guv Sanjay Malhotra")
Rupee opens slightly higher at 85.97/$; focus shifts to RBI dividend
Indian Rupee today: The domestic currency began the session 3 paise higher at 85.97 on Friday, after closing at over a month's low on Thursday
 "Rupee opens slightly higher at 85.97/$; focus shifts to RBI dividend")
RBI sells $34.5 bn in FY25, highest since global financial crisis
RBI net sold $34.5 billion in FY25 to stabilise the rupee amid US dollar strength, with forex reserves dipping and experts predicting record surplus transfer to government
 "RBI sells $34.5 bn in FY25, highest since global financial crisis")
RBI eyes interest rate relief for borrowers with co-lending rules
RBI met fintech industry bodies to discuss new co-lending norms that propose blended interest rates, which may reduce borrowing costs for digital loan customers
 "RBI eyes interest rate relief for borrowers with co-lending rules")
Govt to have a say in new payments regulatory board with a significant role
RBI governor, as chair of the board, will have casting vote
 "Govt to have a say in new payments regulatory board with a significant role")
Notes in circulation rose to Rs 34.8 trn in 2024: RBI's monthly bulletin
CAGR of notes in circulation in value terms higher than volume terms last year
 "Notes in circulation rose to Rs 34.8 trn in 2024: RBI's monthly bulletin")
RBI moots special shares for UCBs as new source to raise capital
Special Share Certificates to be issued at book value without voting or membership rights; RBI says SSCs will be classified under Tier I capital for large UCBs
 "RBI moots special shares for UCBs as new source to raise capital")
Foreign tourist arrivals strongly correlated with travel search: RBI report
Inbound tourism to India has rebounded strongly post-Covid, with search trends and foreign exchange data pointing to the sector's key role in employment and growth
 "Foreign tourist arrivals strongly correlated with travel search: RBI report")
NiC rises to Rs 34.8 tn but growth slows with shift to higher notes
Cash usage in India has slowed since the 1990s despite NiC rising to Rs 34.8 trillion in 2024, with increased ATM access and digital adoption impacting demand
Net FDI into India falls to $0.4 bn in FY25 amid repatriation surge
Net FDI fell sharply due to higher repatriation and outward investments even as gross inflows rose 13.7% to $81 bn with 60% of flows going to four key sectors
 "Net FDI into India falls to $0.4 bn in FY25 amid repatriation surge")
Banks seek overnight liquidity ops, easier reserve norms from RBI
RBI's main cash management tool has been the 14-day variable repo since a change in 2020 that was intended to lower banks' reliance on the RBI and push them to better predict their liquidity needs
 "Banks seek overnight liquidity ops, easier reserve norms from RBI")
What role will central banks play when tokenised finance goes mainstream?
With apps like Robinhood easing investing, Millennials and Gen Z reject private banks offering unlisted unicorns to their wealthy parents but not to actual users of these startups' services
 "What role will central banks play when tokenised finance goes mainstream?")
RBI proposes relaxation in norms for investment in AIFs by banks, NBFCs
The RBI has proposed capping investment by regulated entities in AIF schemes at 15%, with a 10% ceiling per entity, while also allowing exemptions for strategic funds
Open market operations: The central bank's new communication policy
The approach to managing liquidity and communication policy is yet another manifestation of how the central bank has taken a fresh view on the issue
 "Open market operations: The central bank's new communication policy")
Emirates NBD gets RBI in-principle nod to set up wholly owned subsidiary
Dubai-based Emirates NBD has received RBI's in-principle approval to convert its three India branches into a wholly owned subsidiary to deepen domestic banking services
 "Emirates NBD gets RBI in-principle nod to set up wholly owned subsidiary")
RBI proposes new norms for RE investments in AIFs, seeks public feedback
As part of a revised framework, RBI has proposed a 10% cap on RE contribution to AIFs, stricter provisioning rules, and is inviting stakeholder feedback by 8 June
RBI seeks govt nod for bigger contingent risk buffer band after ECF review
Board to meet on May 23 to decide transferable surplus based on new range
 "RBI seeks govt nod for bigger contingent risk buffer band after ECF review")
AIFs push to flip the switch on regulatory static to ease fund flows
Operational noise disrupts capital flow; industry demands an inter-regulatory bridge
 "AIFs push to flip the switch on regulatory static to ease fund flows")
Mint Road's enforcement framework shifts focus to governance premium
The woes at IndusInd Bank have put the spotlight back on a key initiative the banking regulator's Enforcement Department set rolling in FY24
 "Mint Road's enforcement framework shifts focus to governance premium")
Banks, NBFCs may need IT overhaul to meet RBI co-lending norms: Bankers
Bankers say RBI's co-lending draft norms may require significant IT upgrades and clarification on the CLM 2 model to ensure compliance and operational readiness
 "Banks, NBFCs may need IT overhaul to meet RBI co-lending norms: Bankers")