Page 9 - Rbi

FM asks banks to step up NRI outreach as FCNR(B) mobilisation gathers pace

Lenders report encouraging response from Singapore, HK, Gulf, UK, US; ECB inflows seen picking up in Q3 FY27

Identify recurring complaints: RBI DG Swaminathan to internal ombudsmen

RBI Deputy Governor Swaminathan J has urged internal ombudsmen to identify recurring complaints, conduct root-cause analysis and help strengthen grievance redress across regulated entities

Business beyond hugs and handshakes: Bank-fintech ties enter a new phase

The bank-fintech partnership is undergoing a structural shift as governance premium takes top billing

India's foreign exchange reserves rise by $7.26 billion to $674.19 billion

India's foreign exchange reserves increased by $7.26 billion in the latest reporting week, supported by a rise in foreign currency assets and gold reserves, RBI data showed

Bank credit growth hits two-year high of 18.6% in June-end fortnight

Deposits rise by nearly Rs 7 trillion in the fortnight, third highest in 29 years

India's forex kitty jumps $7.26 billion to $674.19 billion: RBI data

India's forex reserves jumped USD 7.26 billion to USD 674.193 billion during the week ended July 3, the Reserve Bank of India said on Friday. In the previous reporting week, the forex kitty had dropped by USD 5.654 billion to USD 666.933 billion. The kitty had expanded to an all-time high of USD 728.494 billion during the week ended February 27 this year before the onset of the Middle East conflict, which led to several weeks of a drop as the rupee came under pressure and the RBI had to intervene in the forex market through dollar sales. Prime Minister Narendra Modi has also made multiple public appeals starting May 11 to countrymen to conserve forex by cutting down on foreign travel, limiting fuel use and refraining from gold buys for a year. For the week ended July 3, foreign currency assets, a major component of the reserves, increased USD 4.51 billion to USD 545.578 billion, the central bank's data showed. Expressed in dollar terms, the foreign currency assets include effects

Banks priority sector lending models may need a rethink, says SBI report

With banks comfortably exceeding lending targets and PSLC trading surging, experts say the RBI may need to revisit the priority sector lending framework to better serve financial inclusion goals

RBI faces $100 billion unwinding challenge after record defence of rupee

With a spate of recent measures expected to attract foreign capital, the RBI has started trimming its massive short dollar forward position, a stock of commitments to sell the greenback at future date

Datanomics: Housing, gold loans drive household debt to a decade high

RBI has cautioned that global shocks, including the West Asia conflict, could weaken borrowers' repayment capacity despite stronger household credit profiles in FY26

NBFCs strengthen treasury teams after RBI opens term money market

NBFCs are hiring treasury specialists in money market operations and liquidity management as the RBI's proposal to widen access to the term money market reshapes funding strategies

Why India’s economy still depends on the monsoon | El Niño | Inflation

A single can influence vegetable prices, inflation, rural incomes, corporate earnings and even the RBI's interest-rate decisions. In this video,

India's consumer inflation likely rose above RBI's 4% target in June: Poll

This would also be the highest inflation reading since India introduced its revised consumer price index series with a new base year and updated consumption basket in January

RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years

Yet another public sector banker takes charge of a pvt bank; Stock plunges 8.5%

RBI reiterates call for crypto curbs; tax department warns of evasion risks

India has allowed cryptocurrencies to exist in a grey zone since a court ‌in 2018 struck down Reserve Bank of India (RBI) policies that effectively banned them

RBI Ombudsman Scheme: Know complaint timelines, compensation, appeal rules

The RBI Integrated Ombudsman Scheme, 2026, introduces higher compensation, shorter complaint timelines and a streamlined grievance process for customers of regulated entities

RBI clears Mahesh Muralidhar Pai's appointment as South Indian Bank MD, CEO

South Indian Bank on Wednesday said the RBI has approved the appointment of Mahesh Muralidhar Pai as Managing Director and CEO of the lender for 3 years, effective October 1. In a regulatory filing, the Kerala-based private sector lender said the appointment of Pai as MD and CEO will be placed before the Board in the meeting on July 16, and shareholders' approval will be obtained thereafter. "The Reserve Bank of India vide its letter dated July 7, 2026, has conveyed their approval for the appointment of Mahesh Muralidhar Pai as Managing Director and CEO of the Bank for a period of three years with effect from October 1, 2026," South Indian Bank said. Shares of South Indian Bank tanked 9.86 per cent to the day's low of Rs 43.02 on BSE. The scrip later recovered some ground and was quoting 7.58 per cent down at Rs 44.11 in post-noon trade.

Rupee posts biggest single-day gain in three weeks on debt inflows

The rupee rose 0.46 per cent against the US dollar on Tuesday, supported by sustained debt inflows, easing demand from oil companies and a weaker greenback

Commercial realty, gold loans propelled NBFC credit growth to 14.2% in May

Commercial real estate loans grow over 40%, while gold loans grow 70% and consumer durable loans grow 42%

Trading volumes see early impact of RBI's capital exposure norms

Volumes on BSE during the first two trading days of July fell by 7-10 per cent compared with the same days in the previous week, in line with analysts' expectations

Indian banks curb short-term debt sales as RBI aids cheaper forex funding

No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI