Page 73 - Rbi

RBI asks banks to use tool that identifies phone numbers to curb fraud

Regulator asks financial institutions to use special number series for promotional voice calls

RBI directs banks to assess impact of new LCR norms on liquidity, lending

The RBI has asked banks to assess the impact of stricter liquidity coverage ratio norms, aimed at system stability but raising concerns over reduced lending capacity

RBI expected to transfer another bumper payout to govt, say analysts

The RBI makes an annual payout to the government from the surplus income it earns on investments and valuation changes on its dollar holdings

RBI to conduct overnight VRR auction worth Rs 2 trillion on Friday

The liquidity deficit stood at Rs 2.87 trillion on Wednesday, according to the latest data from the RBI

MFIN dismisses reports about alleged harassment by microfinance firms

The Microfinance Industry Network (MFIN) on Thursday dismissed reports about alleged harassment by microfinance companies in the state, claiming that a small section of "ill-informed" individuals with the aid of unauthorised entities were indulging in "unscrupulous" rumourmongering. Recently, various organisations also staged protests in different parts of the state condemning the atrocities and oppression carried out by microfinance companies and demanded action against them. "The recent reports of protests against MFIs are from a small section of "ill-informed" individuals with the aid of unauthorised entities, indulging in unscrupulous rumourmongering," Rama Kamaraju, Head, State Initiatives, MFIN said in a press conference here. The MFIN is a Self-Regulatory Organisation recognised by RBI and the Association of Karnataka Microfinance Institutions. "We wish to assure you all that we follow a very well calibrated advisory approach and have our eye on the ball at all times," he ..

Rupee's fall due to dollar's rise, RBI intervention can harm exports: Rajan

Attributing the fall in Indian rupee solely to the US dollar getting stronger, former Reserve Bank governor Raghuram Rajan has said any intervention by the RBI on this can end up harming Indian exports even as he urged policymakers to focus on creating more jobs and boosting household consumption. Asked what the second term of US President Donald Trump means for the global and Indian economy, Rajan said, "I think it means uncertainty. President Trump during his campaign laid out a bunch of policies and measures that he wants to implement.". "We are seeing some of them being implemented. We have to see how intensely, for example the policy on immigration and trade and tariff proposals against whom and against which sectors are implemented. As of now what and how all this will pan out," the eminent economist said. On appreciation in the US dollar and its impact on other currencies especially in emerging markets including rupee, Rajan said the dollar has been appreciating against other

NDA 3.0 must use political capital for structural reforms: D Subbarao

The NDA 3.0 government must use its enormous political capital to implement 'politically difficult' structural reforms in the upcoming budget to promote growth and job creation, former RBI Governor D Subbarao said on Thursday. The Union Budget for 2025-26, to be presented by Finance Minister Nirmala Sitharaman on February 1, comes amid global economic uncertainties and moderating domestic growth. "This is the first full budget of the NDA-III government and it must use its enormous political capital to implement politically difficult structural reforms," Subbarao told PTI in an interview. Further, he said that the primary objective of the budget is to put the economy on a sustainable high-growth trajectory. "But mere growth will not do. We need to ensure that the benefits of growth are widely shared which is to say that we need to focus on reducing inequality," Subbarao added. According to him, the huge consumption base of the bottom half of India's population is its biggest growth

Rupee strengthens to 86.33 as dollar index falls, RBI swaps aid gains

The dollar index, which measures the strength of the greenback against a basket of six major currencies, fell by 0.8 per cent to 107.97

RBI's massive dollar sales may net govt bumper dividend once again

IDFC FIRST Bank estimates Rs 2 trillion of payout by the RBI while QuantEco Research pegs the dividend around Rs 1.5 trillion for the fiscal year that ends March

RBI MPC member bats for two inflation rates for better policy making

RBI Monetary Policy Committee member Nagesh Kumar has suggested that there should be two inflation rates - one including food prices and the other without food prices - so that relevant rates could be taken into account for policy making. Chief Economic Advisor V Anantha Nageswaran in the Economic Survey 2023-24 had pitched for excluding food inflation from the rate setting calls, saying that the monetary policy has no bearing on the prices of food items, which are dictated by supply side pressures. "I think there is a healthy debate on what should be the target, whether overall headline inflation rate or inflation rate excluding the food products, which are, you know, very seriously affected by seasonal demand, supply mismatch," Kumar told PTI while responding to a question on suggestions made in the Economic Survey for excluding food inflation while setting benchmark interest rates. The weightage of food in the overall consumer price inflation, which stands at 46 per cent, was don

A year after RBI curbs, Paytm founder Sharma expects to get back into biz

The Reserve Bank of India last year imposed new curbs on unlisted Paytm Payments Bank Ltd. after years-long warnings about data flows between it and Paytm

Banks to ask RBI to delay liquidity rule set to take effect from April 1

The request will be made through the Confederation of Indian Industry, which will meet recently-appointed RBI Governor Sanjay Malhotra in the coming days, the people said

RBI forms new committee for bank license, chaired by former DG Jain

RBI said that, "The secretarial support to the committee would be provided by RBI's Department of Regulation"

RBI eases norms for ARCs, streamlines borrower dues settlement process

The revised norms mandated that the committee should be chaired by an independent director and have a minimum two independent directors, including the chair

RBI may turn to longer buy-sell swaps amid rising $ short positions

More changes likely in liquidity management framework

RBI to 'play it slow' on defending rupee, says Axis Bank CEO Chaudhry

The rupee has gone from being one of Asia's best-performing currencies to one of the region's biggest losers in a matter of weeks

Higher bulk deposit reliance signals structural liquidity risks: RBI dy Guv

Outstanding Certificate of Deposit issuances highest since 2012

New RBI rules mandate stricter oversight on ARC-borrower settlements

As per the new guidelines, every Asset Reconstruction Company must establish a Board-approved policy that governs the settlement of borrower dues

Dealing with recovery agents: Know your rights, study RBI guidelines

Escalate complaint to bank grievance officer, ombudsman, and finally consumer court

RBI Guv's crafted statements boosted confidence during adverse times

The study highlighted that effective communication goes beyond being clear, understandable, and engaging