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Monday, February 17, 2025 | 08:02 AM ISTEN Hindi

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Poor governance: RBI replaces New India Co-op Bank's board for 12 months

Customers queued outside New India Cooperative Bank's branches in Mumbai on Friday seeking answers on the abrupt shut down of certain key services

Poor governance: RBI replaces New India Co-op Bank's board for 12 months
Updated On : 14 Feb 2025 | 5:30 PM IST

RBI injects $5.1 billion liquidity through oversubscribed FX swap auction

The RBI accepted 28 bids, totaling $5.1 billion, in the auction and the premium cut-off was set at 96.81 paisa, slightly below the prevailing market level before the auction results were announced

RBI injects $5.1 billion liquidity through oversubscribed FX swap auction
Updated On : 31 Jan 2025 | 3:54 PM IST

Reserve Bank of India tightens vigil on P2P lending after revising rules

Seeks qualitative details about lenders' operations

Reserve Bank of India tightens vigil on P2P lending after revising rules
Updated On : 27 Jan 2025 | 11:30 PM IST
Updated On : 26 Jan 2025 | 10:54 PM IST

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

More changes likely in liquidity management framework

RBI may turn to longer buy-sell swaps amid rising $ short positions
Updated On : 20 Jan 2025 | 11:39 PM IST

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

Outstanding Certificate of Deposit issuances highest since 2012

Higher bulk deposit reliance signals structural liquidity risks: RBI dy Guv
Updated On : 20 Jan 2025 | 6:58 PM IST

Outward remittances under LRS increase 3.6% in November: RBI data

In the September-November quarter of financial year 2025, Indians remitted $7.1 billion overseas, compared to $7.5 billion in the same period last year

Outward remittances under LRS increase 3.6% in November: RBI data
Updated On : 18 Jan 2025 | 12:00 AM IST

Growth set to rebound, food inflation needs monitoring: RBI report

Banks reluctant to lend in money markets amid tight liquidity conditions

Growth set to rebound, food inflation needs monitoring: RBI report
Updated On : 17 Jan 2025 | 11:53 PM IST

RBI liberalises Fema rules to facilitate cross-border transactions

The RBI has also allowed non-resident Indians to use such balances for foreign investments, including foreign direct investment (FDI) in non-debt instruments

RBI liberalises Fema rules to facilitate cross-border transactions
Updated On : 16 Jan 2025 | 7:21 PM IST

CP, CD rates harden amid tight liquidity conditions in the market

Certificate of Deposit rates increased by 20-30 basis points across tenures during the same period

CP, CD rates harden amid tight liquidity conditions in the market
Updated On : 12 Jan 2025 | 11:09 PM IST

RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance

RBI, in October, had imposed sanctions on Asirvad Microfinance, Arohan Financial Services, DMI Finance, and Flipkart co-founder Sachin Bansal's Navi Finserv

RBI lifts restrictions imposed on Asirvad Microfinance and DMI Finance
Updated On : 09 Jan 2025 | 12:19 AM IST

Crypto assets can negatively impact financial stability, says RBI report

The banking regulator emphasised the potential consequences of the widespread adoption of crypto-assets and stablecoins on an economy

Crypto assets can negatively impact financial stability, says RBI report
Updated On : 31 Dec 2024 | 12:36 AM IST

Stress in microfinance sector doubles in April to September period: RBI

Earlier, the RBI had warned that some NBFCs, including MFIs, were adopting a "growth-at-any-cost" approach and cautioned that regulatory action would be taken if necessary

Stress in microfinance sector doubles in April to September period: RBI
Updated On : 31 Dec 2024 | 12:34 AM IST

RBI flags risk to secured loans from slippages in smaller personal loans

The RBI noted that first defaults are predominantly observed in unsecured advances

RBI flags risk to secured loans from slippages in smaller personal loans
Updated On : 31 Dec 2024 | 12:29 AM IST

Rupee volatility hits year-high, spotlight on RBI's currency strategy

The rupee's one-month implied volatility versus the greenback rose to as much as 4.09 per cent, the highest since August 2023

Rupee volatility hits year-high, spotlight on RBI's currency strategy
Updated On : 30 Dec 2024 | 1:57 PM IST

High employee attrition of 25% in private banks pose operational risk: RBI

Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24. Employee attrition rates are high across select private sector banks and small finance banks (SFBs), the report, which was released by the Reserve Bank of India (RBI) said. The total number of employees of private banks surpassed that of public sector banks (PSBs) during 2023-24, but their attrition has increased sharply over the last three years, with average attrition rate of around 25 per cent, it said. "High attrition and employee turnover rate pose significant operational risks, including disruption in customer services, besides leading to loss of institutional knowledge and increased recruitment costs. In various interactions with banks, the Reserve Bank has stressed that reducing attrition is not just a human resource function but a strategic .

High employee attrition of 25% in private banks pose operational risk: RBI
Updated On : 29 Dec 2024 | 4:13 PM IST

RBI allows interoperability between PPIs like wallets for UPI payments

Currently, UPI payments are interoperable such that a user can use any TPAP to transfer funds

RBI allows interoperability between PPIs like wallets for UPI payments
Updated On : 27 Dec 2024 | 11:45 PM IST

Rupee hits record low of 85.395 on strong NDF dollar bids; RBI may step in

Rupee declined to 85.3950 to the dollar, eclipsing its previous all-time low of 85.2825 hit on Thursday

Rupee hits record low of 85.395 on strong NDF dollar bids; RBI may step in
Updated On : 27 Dec 2024 | 12:12 PM IST

Over 600k loans worth Rs 27,000 cr disbursed on ULI platform: RBI report

ULI is a platform that facilitates access to financial and non-financial data, streamlining credit underwriting and creating frictionless customer journeys for a diverse range of borrowers

Over 600k loans worth Rs 27,000 cr disbursed on ULI platform: RBI report
Updated On : 27 Dec 2024 | 12:14 AM IST

RBI ramps up forward dollar sales to defend stumbling rupee, say traders

In the last two trading sessions, the Reserve Bank of India (RBI) conducted buy-sell swaps of an estimated size of $3 billion-4 billion

RBI ramps up forward dollar sales to defend stumbling rupee, say traders
Updated On : 19 Dec 2024 | 2:40 PM IST