Page 55 - Rbi

RBI likely to cancel next week's T-bill auction given large cash balance

Net liquidity in the banking system was in a deficit of ₹2.32 trillion as of Thursday, and has been in deficit mode for the past fourteen consecutive weeks

FPI single-day inflows into debt segment hit 1-year high: NSDL data

Moreover, total foreign portfolio investment in Indian government securities designated under the Fully Accessible Route (FAR) reached Rs. 2.96 trillion as of Thursday

Net ECB inflows surge over 2x to $18.4 billion in 10MFY25: RBI data

ECB outflows due to principal repayments stood at $23.9 billion during the April 2024-January 2025 period, resulting in robust net inflows of $18.4 billion

RBI appoints Indranil Bhattacharyya as executive director, effective Mar 19

As ED, Bhattacharyya will oversee the department of economic and policy research

Indranil Bhattacharyya appointed as new executive director of RBI

The Reserve Bank of India (RBI) on Thursday said it has appointed Indranil Bhattacharyya as executive director (ED). As executive director, Bhattacharyya will look after the Department of Economic and Policy Research, the RBI said in a statement. The appointment is effective from March 19. Prior to his promotion as ED, Bhattacharyya was serving as Adviser in the Monetary Policy Department of the RBI. Over a span of nearly three decades, he has worked in the areas of monetary policy, fiscal policy, banking, and international economic relations in the Monetary Policy Department, Department of Economic and Policy Research and the International Department of the RBI. He has also served as an economic expert in the technical office of the Governor at Qatar Central Bank, Doha, Qatar for 5 years (2009-14). Bhattacharyya has a postgraduate degree in economics from Jawaharlal Nehru University, New Delhi. His research interests are primarily in monetary theory and policy, financial market

Net FDI dips to $1.4 bn in Apr-Jan 2025; gross FDI rises 12.4%: RBI data

Repatriation/disinvestment by those who made direct investments in India rose to $46.1 billion during the 10-month period of 2024-25, up from $36.9 billion in April 2023-January 2024

RBI's net short position in forward swells to $77.5 bn: Monthly bulletin

Rupee's REER drops to 102.37 in February

Trade war, tariff to impact global growth, fuel inflation: RBI report

India sustaining growth momentum; Lower inflation to support recovery

Outward remittances under Reserve Bank of India's LRS drop 8.6% in Apr-Jan

In the April-January period of FY25, the largest segment - international travel segment slipped marginally to $14.75 billion, from $14.95 billion in the year-ago period

UCBs must be mindful of responsibilities: RBI Governor Sanjay Malhotra

He said that the UCBs must maintain high standards of customer service to build and retain trust

India's structural strengths lay strong foundation for growth: RBI Bulletin

Sound fiscal policies, a well-calibrated monetary framework, and digital transformation initiatives are expected to provide a strong foundation for long-term sustainable economic growth, said RBI March Bulletin released on Wednesday. It also said that macroeconomic fundamentals remain strong, and economic growth is poised to sustain momentum driven by robust domestic demand, steady investment activity, and ongoing policy-driven infrastructure development along with a pick-up in government spending. An article on 'State of the Economy' published in the Bulletin noted that the resilience of the global economy is being tested by escalating trade tensions and a heightened wave of uncertainty around the scope, timing, and intensity of tariffs. While engendering heightened volatility in global financial markets, these have also caused apprehensions about the slowdown in global growth. "Amidst these challenges, the Indian economy continues to demonstrate resilience as evident in the robus

Net FDI dips to $1.4 bn in Apr-Jan 2025; gross FDI rises 12.4%: RBI data

Repatriation/disinvestment by those who made direct investments in India rose to $46.1 billion during the 10-month period of 2024-25, up from $36.9 billion in April 2023-January 2024

Urban co-op banks must be mindful of trust reposed by depositors: RBI Guv

RBI Governor Sanjay Malhotra advised the UCBs to ensure that they remain operationally resilient, including against IT and cyber-related risks

RBI 'passively' absorbing dollar inflows over past sessions, say traders

Inflows related to inter-company borrowings and repatriation of corporate profits are usual in March, the last month of the financial year

RBI, Bank of Mauritius sign pact to use local currencies in bilateral trade

Reserve Bank and the Bank of Mauritius (BOM) have signed a pact for establishing a framework to promote the use of the Indian Rupee and the Mauritian Rupee (MUR) for cross-border transactions. The Memorandum of Understanding (MoU) was signed by RBI Governor Sanjay Malhotra and BOM Governor Rama Krishna Sithanen G C S K, the central bank said in a statement on Tuesday. "The MoU documents were exchanged in Port Louis, Mauritius in the presence of the Prime Minister of India Narendra Modi and Prime Minister of Mauritius Navinchandra Ramgoolam, on Wednesday, March 12, 2025," it said. The RBI said the MoU aims to promote the use of INR and MUR in bilateral trade. The MoU covers all current account transactions and permissible capital account transactions as agreed upon by both the countries. The framework would enable exporters and importers to invoice and pay in their respective domestic currencies, which in turn, would enable the development of a market in the INR-MUR pair. Use of lo

Perform or perish: RBI Guv Sanjay Malhotra to banks on customer service

"In this age of competition, we will not survive long if we do not provide quality service to our consumers," Malhotra said in a speech on Monday at the annual conference of the RBI Ombudsmen

Time for RBI to revisit bank CEO appointment and reappointment process

It's time for the RBI to revisit the process to clear the appointment of a bank CEO as well as the extension of their tenure

IndusInd Bank case a rare instance when RBI cited its 'LOLR' role

Central bank can rescue a bank that is solvent but has temporary liquidity woes

PM Modi hails RBI for being selected for Digital Transformation Award 2025

Prime Minister Narendra Modi on Sunday hailed as a "commendable accomplishment" the Reserve Bank of India being selected for the Digital Transformation Award 2025, and said it reflects an emphasis towards innovation and efficiency in governance. In a post on X, the Reserve Bank of India (RBI) said it has been selected for the Digital Transformation Award 2025 by Central Banking, London, UK. "RBI was awarded and recognised for its initiatives, including Pravaah and Sarthi systems, that have been developed by an in-house developer team. The awards committee noted how these digital initiatives have reduced use of paper-based submissions thus transforming RBI's internal and external processes," the post read. Tagging the post, Modi said, "A commendable accomplishment, reflecting an emphasis towards innovation and efficiency in governance." Digital innovation continues to strengthen India's financial ecosystem, thus empowering countless lives, the prime minister said.

MSME industry bodies urge RBI to tweak norms for ecommerce exports

A digital verification system linked to bank accounts could further streamline the process