Page 3 - Reserve Bank Of India
Indian banks may face an AI compliance bill: Who will bear the cost?
RBI's proposed AI risk framework could raise compliance costs across banks, NBFCs and fintechs, creating new demands for audits, oversight and governance
 "Indian banks may face an AI compliance bill: Who will bear the cost?")
July 2026 bank holidays: Full state-wise list of bank closures across India
Bank customers should be aware of the bank holidays in July 2026. To prevent inconvenience, crucial banking tasks should be scheduled around these particular periods
 "July 2026 bank holidays: Full state-wise list of bank closures across India")
IIFCL plans $1 billion loan, in talks for $400 million ADB funding
IIFCL is the latest company to tap into the foreign lending market after the Reserve Bank of India introduced a series of measures to boost dollar inflows and support the rupee
 "IIFCL plans $1 billion loan, in talks for $400 million ADB funding")
India's forex reserves increase by $963 mn on back of rise in gold reserves
India's forex reserves rose by $963 million to $672.59 billion in the week ended June 19, driven by a sharp increase in gold reserves despite a decline in foreign currency assets
 "India's forex reserves increase by $963 mn on back of rise in gold reserves")
RBI proposes wider access to money markets in draft rules for NBFCs, firms
Under the draft proposals, companies will also be allowed to participate in the term money market as lenders but smaller non-bank finance firms will be excluded
 "RBI proposes wider access to money markets in draft rules for NBFCs, firms")
Tata Sons' listing hangs in balance after RBI diktat for upper-layer NBFCs
In its latest direction, the central bank has dropped a provision defining the "indirect receipt of public funds"
 "Tata Sons' listing hangs in balance after RBI diktat for upper-layer NBFCs")
Banks wait & watch as dollar-bond investors seek richer returns
Premium rose steadily after HDFC secured tightest-ever spread for an Indian lender
 "Banks wait & watch as dollar-bond investors seek richer returns")
RBI consolidates rules for outright, when-issued & short-sale G-sec trades
Draft master directions bring together rules for government securities trading, widening market access while consolidating norms on reporting, settlement and short selling
 "RBI consolidates rules for outright, when-issued & short-sale G-sec trades")
Three Indian DFIs said to plan $1.5 billion foreign debt under RBI scheme
RBI's subsidised hedging facility for external commercial borrowings lowers currency risk costs, aiming to boost dollar inflows and strengthen support for the rupee
 "Three Indian DFIs said to plan $1.5 billion foreign debt under RBI scheme")
10-year govt bond yield at three-month low as RBI eases rate worries
The benchmark 10-year bond yield fell 6 basis points to 6.80 per cent as RBI Governor Sanjay Malhotra's remarks eased rate-hike concerns
 "10-year govt bond yield at three-month low as RBI eases rate worries")
RBI sets compliance blueprint for AI-driven finance under draft framework
The draft framework requires regulated entities to establish board-approved model risk management systems covering all models, including AI and machine learning applications
Energy stress, weak monsoon to slow India's growth to 6.6% in FY27: S&P
The rating agency expects higher inflation, a possible RBI rate hike and slower economic growth amid energy market disruptions and below-normal monsoon conditions
 "Energy stress, weak monsoon to slow India's growth to 6.6% in FY27: S&P")
Currency questions: Higher costs of incentives for NRIs must be debated
RBI's push to attract FCNR deposits may ease external pressures, but improving conditions raise questions over the costs, risks and necessity of the incentives
 "Currency questions: Higher costs of incentives for NRIs must be debated")
RBI withdraws concentration-risk exemptions for govt-owned NBFCs
The revised framework mandates annual identification of Upper Layer NBFCs and brings government-owned entities under the same exposure norms as their regulatory peers
 "RBI withdraws concentration-risk exemptions for govt-owned NBFCs")
Premature to talk about rate hikes, says RBI Governor Sanjay Malhotra
Central bank chief says RBI is monitoring the inflation impact of higher crude oil prices, while highlighting India's stronger external position and resilient banking system
 "Premature to talk about rate hikes, says RBI Governor Sanjay Malhotra")
Bandhan Bank raises FD rates by up to 20 bps on select deposit tenors
The lender has increased rates on fixed deposits in the two- to five-year buckets as banks intensify efforts to mobilise deposits amid widening credit-deposit gaps
 "Bandhan Bank raises FD rates by up to 20 bps on select deposit tenors")
State lenders plan $2 bn overseas borrowing under RBI concessional route
Small Industries Development Bank of India is in talks with the International Finance Corp. to raise as much as $1 billion in five-year and seven-year tenors
 "State lenders plan $2 bn overseas borrowing under RBI concessional route")
Building buffers: Forex inflows should be used to build up reserves
Falling crude prices and US-Iran talks have eased pressure on the rupee, but RBI may continue building forex buffers amid global and domestic uncertainties
 "Building buffers: Forex inflows should be used to build up reserves")
RBI aligns prudential norms for UPI-linked credit lines with base loans
Central bank says prudential treatment of payment-linked credit facilities will depend on the nature of the underlying loan, irrespective of delivery mode
 "RBI aligns prudential norms for UPI-linked credit lines with base loans")
RBI eases MSME onboarding on TReDS, allows guarantee cover for financiers
Central bank consolidates TReDS regulations, eases MSME access and permits financiers to obtain credit guarantee cover on platform exposures
 "RBI eases MSME onboarding on TReDS, allows guarantee cover for financiers")