Page 9 - Rbi
RBI asks banks to stay open on March 31 to close FY26 govt accounts
RBI says banks handling government receipts and payments will remain open on March 31, 2026, to ensure all transactions are accounted for in FY26
 "RBI asks banks to stay open on March 31 to close FY26 govt accounts")
Balance sheets show good capex rise in some companies: DEA secretary
On the SME fund, DEA Secy Anuradha Thakur says the ₹500-crore allocation signals commitment to a separate fund, clearly targeting SMEs distinctly from MSMEs
 "Balance sheets show good capex rise in some companies: DEA secretary")
Govt's FY27 borrowing plan pushes up yields higher; rupee gains
The higher-than-expected borrowing could mean weekly gross supply at Rs 37,000 crore, up from Rs 31,000 crore, assuming 47 auctions during the year, Nomura said in a report
 "Govt's FY27 borrowing plan pushes up yields higher; rupee gains")
RBI shores up rupee after Budget underwhelms bond, equity investors
The rupee appeared on course to open near its all-time low of 91.9875 per dollar, but the RBI's intervention helped shore it up to 91.60, a gain of 0.4 per cent from its closing level on Friday
Budget 2026-27: Inside the fiscal consolidation numbers and open questions
The Budget has largely eschewed political populism, even as several states are to go for Assembly elections in the coming months
 "Budget 2026-27: Inside the fiscal consolidation numbers and open questions")
Union Budget 2026-27: Virtual retro tax overshadows many positives
On the taxation front, while details are awaited, one proposal stands out: Exempting global (non-India-sourced) income of a non-resident expert for five years in India
 "Union Budget 2026-27: Virtual retro tax overshadows many positives")
India expects record ₹3.16 trn dividend from RBI, state-run firms in FY27
The funds would be crucial for the government to meet its spending needs while keeping the fiscal deficit within 4.3 per cent of gross domestic product
 "India expects record ₹3.16 trn dividend from RBI, state-run firms in FY27")
FinMin asks Nabard to study impact of RRB amalgamation during FY28
Finance Ministry asks NABARD to study RRB mergers' impact as viability reforms, IPO plans and tech integration aim to boost sustainability, inclusion and rural credit growth
 "FinMin asks Nabard to study impact of RRB amalgamation during FY28")
New CPI series expected to push India's headline inflation prints higher
India's new CPI series, with lower food weight and higher core components, may nudge headline inflation higher but is expected to improve policy predictability and ease RBI's targeting
 "New CPI series expected to push India's headline inflation prints higher")
RBI dollar sales keep rupee shy of 92 on Friday, hit new closing low
RBI intervention via dollar sales prevented the rupee from breaching the 92 mark, even as it closed at a fresh low amid FPI outflows and dollar strength
 "RBI dollar sales keep rupee shy of 92 on Friday, hit new closing low")
Paytm wants to tackle UPI concentration risk via organic tech plans
Paytm CEO Vijay Shekhar Sharma says company aims to reduce concentration risk in UPI through technology-led growth as its market share by volume and value rises
 "Paytm wants to tackle UPI concentration risk via organic tech plans")
Bank credit growth moderates to 13%; deposit growth eases to 10.6%
Bank credit growth slowed to 13.1% and deposit growth to 10.6% in early January, RBI data shows, though FY26 credit outlook remains positive
 "Bank credit growth moderates to 13%; deposit growth eases to 10.6%")
Business correspondents seek grant, equity funds for capacity building
The Business Correspondent Resource Council has sought the setting up of infrastructure and equity funds to strengthen last-mile banking, citing NSFI goals and RBI findings
 "Business correspondents seek grant, equity funds for capacity building")
Rupee leans on RBI support to soften imapct of flows, weak Asian cues
The rupee is down about 2.3 per cent so far this month and is headed for its worst monthly performance since September 2022
 "Rupee leans on RBI support to soften imapct of flows, weak Asian cues")
Fintech's long march from disruption to discipline in its next chapter
A decade of rapid growth gives way to partnerships, governance, and the contours of Fintech 2.0. Raghu Mohan weighs in
 "Fintech's long march from disruption to discipline in its next chapter")
Rupee internationalisation aims to reduce business risk: T Rabi Sankar
RBI Deputy Governor T Rabi Sankar says rupee internationalisation aims to reduce risk for Indian firms, not replace the dollar, and warns that stablecoins pose macro risks
 "Rupee internationalisation aims to reduce business risk: T Rabi Sankar")
Rupee slips to 92 against US dollar before RBI pulls it back slightly
The rupee slid to an intraday low of 92 per dollar amid dollar demand and FPI outflows, with RBI intervention preventing a breach of the key psychological level
Eco Survey calls for shift from entity-based to activity-based regulation
Regulators must walk the tightrope to balance growth with stability
 "Eco Survey calls for shift from entity-based to activity-based regulation")
RBI should include liquid papers in OMOs for better yield signalling: SBI
Despite a cumulative 125 basis point cut in the repo rate and record liquidity injections of about Rs 6.6 trillion during the current financial year, yields remained elevated
RBI outlines resolution framework for loans hit by natural calamities
The framework also factors in decisions of the State Level Bankers' Committee (SLBC) and District Consultative Committee (DCC)