Page 13 - Reserve Bank Of India

RBI pushes for return of unclaimed bank deposits over next 3 months

Balances in savings or current accounts that have not been operated for 10 years, or term deposits not claimed within 10 years from the date of maturity, are classified as 'unclaimed deposits'

Sebi, RBI in talks to ease entry processes for foreign investors in India

The changes would include fewer and standardised documentation and less scrutiny on investors that are already regulated in other countries

RBI allows standalone primary dealers to trade in rupee NDF market

RBI has allowed standalone primary dealers to participate in rupee non-deliverable derivative contracts, widening access beyond AD Cat-I banks and IFSC Banking Units

RBI considers allowing lenders to lock borrowers' phone after loan default

Adequate safeguards key for customer protection

CCIL: Taking govt bond and foreign exchange markets to the masses

What NSE and BSE are to the equity market, CCIL is far more than that for the govt bond, foreign exchange and OTC derivative markets

Explore infra for trading beyond $-₹ currency pairs: Malhotra to CCIL

RBI's Sanjay Malhotra urges CCIL to broaden forex, derivatives, and tech-driven services to aid rupee internationalisation

RBI pushes banks to slash retail charges, putting billions in fees at risk

In recent weeks, Reserve Bank of India officials have conveyed to banks that it wants a reduction in service charges, including those for debit cards, minimum balance violations and late payments

RBI asks states to spread borrowings across tenures as bond yields surge

In a meeting this week with state government officials, the RBI advised states to spread their borrowing across the yield curve

Fiscal discipline must to promote growth: RBI Governor Sanjay Malhotra

RBI Governor Sanjay Malhotra calls on states to maintain fiscal discipline, improve expenditure quality and borrow responsibly while coordinating closely with the central bank

RBI sets up regulatory review cell to revisit rules every 5-7 years

RBI has established a regulatory review cell to assess norms every 5-7 years and formed an external advisory group of experts to channel industry feedback into the review process

RBI fines PhonePe ₹21 lakh for non-compliance with PPI regulations

RBI penalises PhonePe Rs 21 lakh for failing to report escrow shortfalls under PPI norms, marking its third penalty since 2019 over compliance issues

Call for paring govt stake in public sector banks, greater board autonomy

The discussion also touched upon the objective of ensuring that at least two public sector banks feature among the world's top 20 banks

Overleverage in retail loans is a concern, warns JFSL chairman Kamath

K V Kamath warns of overleverage in retail credit as fintechs lend at low scores; RBI data shows rising defaults in unsecured personal loans

Exporters, industry bodies knock on RBI's door for US tariff buffer

Exporters and industry bodies sought RBI relief including moratoriums, relaxed NPA norms, and REER settlements to counter the impact of 50 per cent tariffs by the US

RBI likely to grant lenders greater authority for small loan recovery

Last year, the Reserve Bank of India asked lenders to halt locking phones of defaulting borrowers

RBI buys 4.16-acres in Nariman Point from Mumbai Metro for Rs 3,472 cr

Central bank has purchased the parcel for self-use and commercial purposes, according to documents

Inflation targeting has worked for India, but transparency must improve

With fiscal pressures rising worldwide and monetary independence under strain, the anchor must remain

From exporters to bond traders, RBI facing increasing calls to step in

It's a familiar pattern: when local or global forces threaten market equilibrium, the Reserve Bank of India is typically expected to step in

RBI cut US debt, boosted gold reserves even before Trump's tariffs

India's finance minister said last week the RBI was taking a "very considered decision" to diversify reserves - which currently stands at about $694 billion dollars, the fourth-biggest in the world

PSBs shut 1.5 mn inoperative Jan Dhan accounts in 1-time exercise in April

Launched in August 2014, PMJDY was launched by Prime Minister Narendra Modi as a financial inclusion programme to provide access to banking services to a vast unbanked population