Page 3 - Reserve Bank Of India
RBI firefights to keep rupee afloat amid outflows, external pressures
RBI intensifies intervention to stabilise the rupee amid FPI outflows, rising oil prices, and a widening BoP deficit, with a ballooning forward book deficit adding to pressure
 "RBI firefights to keep rupee afloat amid outflows, external pressures")
Transparency needed: Public should know about the happenings at HDFC Bank
The sudden resignation of its chairman, therefore, cannot be treated as an ordinary event
 "Transparency needed: Public should know about the happenings at HDFC Bank")
South Indian Bank appoints ex-RBI ED Jose Kattoor as part-time chairman
South Indian Bank appoints former RBI Executive Director Jose Kattoor as non-executive part-time chairman, alongside senior management elevations effective April 2026
 "South Indian Bank appoints ex-RBI ED Jose Kattoor as part-time chairman")
RBI fines HSBC ₹31.80 lakh for non-compliance with deposit norms
Central bank penalises HSBC for non-compliance with norms on unclaimed deposits, including failure to maintain database and assign reference numbers
 "RBI fines HSBC ₹31.80 lakh for non-compliance with deposit norms")
RBI board assesses impact on financial markets amid geopolitical tensions
RBI board reviews global and domestic economic scenario, as rising oil prices, rupee pressure and geopolitical tensions pose challenges for monetary policy outlook
 "RBI board assesses impact on financial markets amid geopolitical tensions")
Rare but not unusual for RBI to come out in support of a troubled bank
RBI's swift support for HDFC Bank after chairman's exit aims to calm depositor and investor sentiment, reflecting a rare but not unprecedented regulatory intervention
 "Rare but not unusual for RBI to come out in support of a troubled bank")
No material concerns on HDFC Bank's governance and conduct, says RBI
Regulator says bank remains well-capitalised with strong governance and management, approves Keki Mistry as interim chairman for three months
 "No material concerns on HDFC Bank's governance and conduct, says RBI")
Axis Bank to infuse ₹1,500 crore into NBFC arm after RBI's approval
Move follows RBI approval and revised norms, allowing banks to fund NBFC subsidiaries; Axis Finance may list after becoming upper-layer NBFC
 "Axis Bank to infuse ₹1,500 crore into NBFC arm after RBI's approval")
RBI to infuse ₹75,000 crore via three-day VRR auction as liquidity tightens
Central bank to hold three-day VRR auction on Friday as surplus liquidity falls below ₹1 trillion amid advance tax and GST outflows
 "RBI to infuse ₹75,000 crore via three-day VRR auction as liquidity tightens")
India's outbound FDI falls to $2.76 billion in February: RBI data
Overseas investment declines year-on-year and sequentially, with moderation in equity commitments and mixed trends in loans and guarantees
 "India's outbound FDI falls to $2.76 billion in February: RBI data")
India Inc's ECB and FCCB intent hit new FY26 high in January 2026
According to RBI data, $4.18 billion was proposed through the automatic route and $1.15 billion through the approval route
 "India Inc's ECB and FCCB intent hit new FY26 high in January 2026")
RBI's 7-day VRR auction draws weak demand as big banks stay away
VRR auctions allow banks to borrow funds from the RBI against government securities at market-determined rates, helping the central bank manage short-term liquidity in the financial system
 "RBI's 7-day VRR auction draws weak demand as big banks stay away")
India needs $1 trn forex reserves buffer for stability: Ex-RBI Deputy Guv
The $1 trillion target is derived from two critical buffers: $350 billion to cover all one-year debt obligations and $650 billion to protect against a potential exodus of foreign portfolio capital
 "India needs $1 trn forex reserves buffer for stability: Ex-RBI Deputy Guv")
West Asia conflict likely to keep rupee under pressure amid oil surge
Third year of consecutive BoP deficit if oil stays above $100/bbl, to weigh on rupee
Costlier oil could lift inflation, slow India's growth in H1FY27: Fitch
Persistently high oil prices could push up retail inflation faster than expected and slow India's economic growth in the first half of FY27, Fitch Ratings said in its latest outlook
 "Costlier oil could lift inflation, slow India's growth in H1FY27: Fitch")
India's forex reserves down $11.7 bn at $716.8 bn on drop in foreign assets
India's foreign exchange reserves fell by $11.7 billion to $716.8 billion in the week ended March 6, mainly due to a decline in foreign currency assets, RBI data showed
 "India's forex reserves down $11.7 bn at $716.8 bn on drop in foreign assets")
If short-lived, conflict unlikely to dent India's macro outlook: Economists
Economists say a brief West Asia conflict may have limited impact on India's macro outlook, though risks could emerge if crude oil prices stay elevated for a prolonged period
 "If short-lived, conflict unlikely to dent India's macro outlook: Economists")
RBI-Esma pact likely to need reboot if India's concerns not resolved
EU regulator's demand to audit Indian central counterparties' books seen as extraterritorial
 "RBI-Esma pact likely to need reboot if India's concerns not resolved")
Oil price shocks: Rupee falls to new intraday low of ₹92.37 a dollar
Currency weakens to a fresh intra-day low as oil prices surge amid West Asia tensions, with RBI stepping in through dollar sales to limit volatility
 "Oil price shocks: Rupee falls to new intraday low of ₹92.37 a dollar")
Draft digital fraud compensation norm: Payout one-time, vigilance still key
Under the draft, an eligible victim will receive 85 per cent of the net loss amount, or ₹25,000, whichever is lower
 "Draft digital fraud compensation norm: Payout one-time, vigilance still key")