Page 21 - Reserve Bank Of India
Bank Holiday on Diwali 2025: Check state-wise list of bank closures
Diwali, a five-day festival beginning with Dhanteras on October 18 and ending with Bhai Dooj on October 23, will also bring several bank holidays across states during the festive week
 "Bank Holiday on Diwali 2025: Check state-wise list of bank closures")
RBI initiatives helping cross-border trade, payments: Governor Malhotra
RBI Governor Sanjay Malhotra said linking UPI with global fast payment systems and building sovereign platforms will boost cross-border trade, improve efficiency, and lower costs
 "RBI initiatives helping cross-border trade, payments: Governor Malhotra")
Tata Sons may seek similar relief from RBI as Shanghvi Finance: Lawyers
Tata Sons, meanwhile, repaid ₹20,642 crore in FY23 to become a net debt-free company before seeking declassification as an NBFC, according to its annual report
 "Tata Sons may seek similar relief from RBI as Shanghvi Finance: Lawyers")
RBI doesn't target any specific level of rupee: RBI Gov Sanjay Malhotra
Inflation targeting framework improved credibility, transparency of monetary policy
 "RBI doesn't target any specific level of rupee: RBI Gov Sanjay Malhotra")
MPC Minutes: Members see scope for more rate cuts, await full impact
MPC members see room for easing as inflation cools, but hold rates steady to gauge the full impact of earlier policy steps
 "MPC Minutes: Members see scope for more rate cuts, await full impact")
RBI's liquidity boost falters amid FX market intervention, say analysts
In June, the central bank announced a phased 100-basis-points CRR cut from September to November to release about ₹2.5 trillion ($28.3 billion)
 "RBI's liquidity boost falters amid FX market intervention, say analysts")
ULI 'turning point' in providing affordable credit: RBI deputy governor
Upcoming digital platform has the potential to achieve transformative impact of UPI, says Swaminathan J
 "ULI 'turning point' in providing affordable credit: RBI deputy governor")
A fine balance for fintech as investors put compliance ahead of valuation
Industry that was touted to overtake legacy banks and financial institutions gets wake-up call
 "A fine balance for fintech as investors put compliance ahead of valuation")
RBI may allow Emirates NBD to acquire controlling stake in RBL Bank
While India allows 74% foreign investment in private banks, the shareholding of a single foreign institution is limited to 15% by the RBI unless the regulator gives exceptional approval
 "RBI may allow Emirates NBD to acquire controlling stake in RBL Bank")
Rupee recovers from near all-time low on likely intervention by RBI
The local currency settled almost flat at 88.68 per dollar against the previous close of 88.69 per dollar after a choppy trade during the day
 "Rupee recovers from near all-time low on likely intervention by RBI")
High-level panel to review RBI advisory on EPFO's investment practices
The committee with members from RBI, Labour and Finance Ministries will draft a roadmap to improve EPFO's fund management and accounting practices
 "High-level panel to review RBI advisory on EPFO's investment practices")
To build a developed India, RBI must move beyond micromanagement
RBI eases forex compliance: exporters and importers can reconcile smaller bills, merchant traders get longer timelines, and rupee vostro accounts gain investment flexibility
 "To build a developed India, RBI must move beyond micromanagement")
RBI consolidates regulatory norms into 238 master circulars, repeals 9,000
The central bank streamlines regulatory framework across 11 entity types and 30 thematic areas to simplify compliance and improve clarity for the financial sector
 "RBI consolidates regulatory norms into 238 master circulars, repeals 9,000")
Recent RBI policies to help banks stay at equilibrium: K V Kamath
Jio Financial Services Chairman K V Kamath says RBI's latest measures will restore equilibrium in bank lending and boost corporate credit growth
 "Recent RBI policies to help banks stay at equilibrium: K V Kamath")
India, UK can set benchmarks for inclusion, trust: RBI Governor Malhotra
RBI Governor Sanjay Malhotra says collaboration between India and the UK can drive innovation, inclusion, and trust in digital finance beyond bilateral benefits
 "India, UK can set benchmarks for inclusion, trust: RBI Governor Malhotra")
Shirish Chandra Murmu takes charge as RBI deputy governor for three years
Murmu was an executive director of the RBI before being elevated to the post of deputy governor. He succeeds M Rajeshwar Rao, who completed his term
 "Shirish Chandra Murmu takes charge as RBI deputy governor for three years")
RBI appoints Sanjay Kumar Hansda as new Executive Director from March
Hansda, who recently returned from the IMF after serving as Senior Advisor, will head RBI's Department of Economic and Policy Research from March 2025
Banks may post subdued quarterly results amid rate cuts, weak loan demand
Analysts forecast private banks to post a year-on-year decline in profit in the September quarter, while net interest income (NII) may see only a marginal uptick
 "Banks may post subdued quarterly results amid rate cuts, weak loan demand")
ECL transition time will ensure limited impact on banks: SBI chairman
C S Setty says extended transition will cushion banks from ECL shock, stresses need for stronger collections before expanding UPI-based credit products
 "ECL transition time will ensure limited impact on banks: SBI chairman")
Bank holiday today: Are banks open or shut for Valmiki Jayanti? Know more
Bank Holiday: Banks in several cities like Bengaluru, Chandigarh, Bhubneshwar, and Shimla are shut today, Oct 7, on account of Maharshi Valmiki Jayanti/Kumar Purnima
 "Bank holiday today: Are banks open or shut for Valmiki Jayanti? Know more")