Page 9 - Rbi

CD issuances plunge in July as mobilisation of FCNR(B) deposits spikes

Banks sharply cut certificate of deposit issuances in July as strong FCNR(B) inflows under the RBI's swap scheme eased liquidity pressures and lowered funding costs

Private banks step up FCNR (B) mobilisation with higher deposit rates

HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates as lenders compete for foreign currency inflows ahead of the RBI's September-end swap window deadline

RBI appoints Monisha Chakraborty as executive director from August 3

Former chief general manager-in-charge of the Department of Supervision will oversee the Foreign Exchange Department and Financial Markets Regulation Department

RBI may hold rates, but 50-75 bps hike still in sight: Nippon India MF CIO

Nippon India MF expects the RBI to keep rates unchanged for now, while forecasting a limited 50-75 bps rate hike cycle over the next 12-15 months

FCNR (B) deposits rose by $28 bn after RBI swap window: MoS Finance

Outstanding FCNR(B) deposits have risen to $60.55 billion from $32.56 billion since the RBI announced its concessional forex swap facility in early June

RBI MPC meet begins amid expectations of status quo on interest rates

The three-day meeting of the Reserve Bank of India's rate-setting panel started on Monday amid expectations of a status quo on the benchmark repo rate, with the Monetary Policy Committee slated to announce its decision on August 5. As global uncertainties and inflation risks persist, most experts expect the six-member Monetary Policy Committee (MPC) to adopt a cautious approach despite resilient domestic economic growth. In June, the Reserve Bank had kept its key policy rate unchanged at 5.25 per cent and adopted a cautious wait-and-watch stance as policymakers assessed the fallout of the West Asia conflict. The central bank had raised the retail inflation estimate for 2026-27 to 5.1 per cent from its earlier estimate of 4.6 per cent, largely due to mounting input costs, triggered by the pass-through of higher global energy prices to retail rates of petrol and diesel. It lowered its GDP forecast for FY27 to 6.6 per cent from the 6.9 per cent estimated in April. RBI Governor Sanjay

Traders bet RBI rate hold, cash boost to steepen India's yield curve

The trade reflects a global trend, with the US yield curve sharply steepening after the Federal Reserve held interest rates steady last week

Sustained uncertainty: RBI's MPC is unlikely to change the policy rate

The RBI has projected an average inflation rate of 5.1 per cent for this financial year and is unlikely to change it much at this stage

Exim Matters: RBI must rethink matching every trade entry with remittances

RBI's trade monitoring framework should move from universal transaction matching to risk-based scrutiny, balancing foreign exchange controls with ease of doing business

RBI's special forex swap window outpaces 2013 inflows in only weeks

FCNR(B) deposits contributed $36.7 billion as banks raised nearly $41 billion under the RBI's concessional swap facility in less than two months, exceeding the 2013 mobilisation

Banks raise fresh deposit rates in June; lending rates edge up: RBI

Fresh term deposit rates rose 16 basis points in June, while lending rates on new rupee loans edged higher and the one-year MCLR increased in July

Industrial credit growth triples to 19.2% in June on broad-based rise

Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth

BCRC seeks dedicated equity fund and wider access to RBI support schemes

The self-regulatory body for business correspondents has sought a dedicated equity fund, access to financial inclusion support and a pricing review to strengthen last-mile banking

7 Key financial changes from August 1: ITR, banking, LPG, railway rules explained | Personal finance

August 2026 brings several important changes that could affect your taxes, banking, travel and household expenses. From the ITR filing deadline and updated RBI credit card rules to CKYC 2.0,

RBI allows banks to link bulk deposit rates to liquidity profile

Banks can now price bulk deposits based on liquidity characteristics under the LCR framework, while continuing to follow uniform interest rate norms

$32 bn inflows from India's forex drive yet to lift rupee, boost liquidity

RBI Governor Sanjay Malhotra has said that banks have mobilised $32 billion under recent measures, though the inflows are yet to significantly boost forex reserves, banking liquidity or the rupee

Finance Ministry calls for swift policy response to global realities

In reform push, seeks reinvented approach to actions

Datanomics: Chandigarh tops RBI ombudsman grievances rates in FY25

RBI data shows bank complaints rose 13.6% in FY25, with loans leading grievances as the central bank pushes lenders to strengthen internal ombudsman mechanisms

Rupee gains for fourth session, hits nearly 3-week high amid RBI support

Domestic currency settles at 95.65 per dollar as RBI intervention, equity gains and short-covering offset pressure from higher crude oil prices

Govt approves RBI plan to issue ₹10, ₹20 polymer banknotes: Why is the RBI testing polymer notes?

The government has approved the Reserve Bank of India's plan to issue 1 billion each of ₹10 and ₹20 polymer banknotes for field trials. If successful, these notes could be issued regularly.