Page 55 - Rbi

Speculative, incorrect: Yes Bank denies stake sale reports in clarification

According to reports, SMBC is in talks with the private lender to acquire a little over 20 per cent stake in the bank, which will trigger an open offer to acquire a majority stake in the bank

Longer call money trading hours likely to address liquidity mismatch

The RBI has proposed extending call money trading hours to 7 PM from 5 PM to better align liquidity with 24x7 payment systems and address mismatches in fund flows

Draft gold loan guidelines may slow down NBFCs' loan growth, says Crisil

The draft guidelines propose that the loan-to-value (LTV) ratio be maintained within a ceiling of 75 per cent throughout the loan tenure, including both principal and accrued interest

SMBC nears YES Bank stake deal; India may see biggest private bank M&A

Yes Bank stake deal: Japanese lender SMBC may acquire 51% in YES Bank as RBI signals comfort, potentially triggering the largest private sector bank acquisition in India

RBI adds 58 metric tonnes of gold in FY25; share in reserves nears 12%

RBI added nearly 58 tonnes of gold in FY25, with most stored abroad; gold now accounts for close to 12 per cent of total foreign exchange reserves

Reserve Bank of India starts cutting short dollar book after 7 months

With the rupee appreciating 4.4 per cent since February's low, RBI is letting short dollar swaps mature while infusing liquidity through OMOs to offset the impact

RBI releases report on market timings; suggests extending call hours

RBI working group recommends extending call money hours to 7 PM and synchronising repo markets, while retaining current timings for G-secs and forex markets

Rupee hits 7-month peak against US dollar, slips on RBI intervention

The rupee briefly appreciated to 83.76 per dollar, its strongest level in seven months, before retreating as RBI stepped in to buy $3 billion and boost forex reserves

Poonam Gupta takes charge as RBI Deputy Governor, to join MPC in June

Poonam Gupta will oversee Monetary Policy, Research and Financial Stability departments at RBI and joins MPC as India debates targeting core versus headline inflation

RBI fines ICICI, Axis, three other banks for regulatory compliance lapses

The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement

BFSI News Wrap: IndusInd Bank CEO resigns, SBI plans equity fundraise

IndusInd Bank CEO resigns over ₹2,000 cr derivatives loss IndusInd Bank MD & CEO Sumant Kathpalia resigned, taking ‘moral responsibility’ for ₹2,000 crore derivatives losses after an internal probe.

RBI seeks 'vostro' accounts investment cap removal to push Rupee trade

The holders of such accounts can invest in Indian government debt without registering as foreign portfolio investors (FPIs), as overseas investors have to

Why banking and financial services funds are seen as a good long-term bet

The BFSI space offers a broad mix of segments

May 2025: Key finance updates that could affect your wallet every day

New interest rates on fixed deposits come in; PF withdrawals become easier

From today, ATM withdrawals beyond limit will cost you more: Details

The free limit under the new ATM rules has been set at three for metropolitan regions and five for non-metropolitan areas

Bank retail credit witness sharp slowdown in FY25; drops to 11.6%

Reserve Bank of India data showed the overall bank credit growth declined to 11 per cent in FY25 from 20.11 per cent in FY24

After CEO exit, RBI okays IndusInd executives' panel to run the show

Analysts express reservation on appointment of a PSU banker as MD & CEO

Recovery postponed: Survey indicates private sector has become cautious

The Ministry of Statistics and Programme Implementation must be commended on making the effort to implement the recommendation

Credit growth to agriculture slows to 10.4% in March 2025: RBI data

The bank credit growth to the agriculture sector slowed to 10.4 per cent year-on-year for the fortnight ended March 21, while advances to the industry remained flat at 8 per cent, as per the RBI data released on Wednesday. The Reserve Bank of India (RBI) has released the data on sectoral deployment of bank credit collected from 41 select commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all banks taken together. Credit to agriculture and allied activities registered a growth of 10.4 per cent (y-o-y) as of the fortnight ended March 21, 2025, against 20 per cent in the corresponding fortnight of the previous year. "Credit to industry expanded by 8.0 per cent (y-o-y) as on the fortnight ended March 21, 2025, same as in the corresponding fortnight of the previous year," the RBI said. Among major industries, outstanding credit to 'petroleum, coal products and nuclear fuels', 'basic metal and metal products', 'all engineering' and 'construction'

RBI rate cuts to impact key profitability indicator of banks: Crisil

The Reserve Bank's rate cuts will lead to an up to 0.20 per cent slip in return on assets, a key profitability indicator, for banks in FY26, a domestic rating agency said on Wednesday. Crisil Ratings said the RoA will contract by 0.10-0.20 per cent to 1.1-1.2 per cent in FY26 from an over-two-decade high of 1.3 per cent in FY25. Compression in the net interest margin by a similar level will be the key driver for the slip in RoA, the agency said, explaining that in a falling interest environment, interest rates on loans are expected to reduce faster than those on deposits. "Of the loan assets, 45 per cent are linked to an external benchmark, primarily repo. Typically, these are repriced rapidly after rate cuts. On the other hand, any reduction in term deposit (TD) rates will apply only to incremental deposits and renewals, resulting in a slower transmission of the reduction to the liability side," its director Subha Sri Narayanan said. Apart from NIMs, the agency said, credit costs