Page 37 - Reserve Bank Of India

PSBs introduce AI-driven soft skill training to enhance customer service

It comes against the backdrop of stagnating deposit growth at major public sector banks (PSBs) and concerns in the Ministry of Finance about inconsistent customer service

Retail inflation slid further to 3% in Apr; easing room for RBI rate cut

In March, retail inflation stood at 3.34 per cent- the lowest since August 2019

Dynamic bond funds: Check rate-cycle track record before investing

A dynamic bond fund (DBF) can help investors navigate rate cycles effectively

RBI bumper payout to help offset shortfall in tax revenues, say analysts

Kotak Mahindra Bank expects RBI to transfer up to ₹3.5 trillion to the government, while IDFC First Bank estimates the dividend at around ₹3 trillion for the fiscal year ending March

Longer call money trading hours likely to address liquidity mismatch

The RBI has proposed extending call money trading hours to 7 PM from 5 PM to better align liquidity with 24x7 payment systems and address mismatches in fund flows

SMBC nears YES Bank stake deal; India may see biggest private bank M&A

Yes Bank stake deal: Japanese lender SMBC may acquire 51% in YES Bank as RBI signals comfort, potentially triggering the largest private sector bank acquisition in India

RBI may cut rates by up to 125 bps in FY26, says SBI Research report

SBI Research expects a 125 bps rate cut in FY26 as inflation falls to multi-year lows, with liquidity measures like OMOs and pressure on deposit rates likely to follow

RBI may effect cumulative rate cut of 125-150 bps in FY26, says SBI study

The Reserve Bank may cumulatively cut the key interest rate in the range of 125-150 basis points this fiscal amid benign inflationary patterns, an SBI Research report said on Monday. The study suggested that the central bank should go for "jumbo" rate cuts of 50 bps as it would be more effective. The sharp moderation in consumer price index based inflation, hitting a 67-month low of 3.34 per cent in March 2025 due to sharp correction in food inflation, bodes well for lowering the average CPI headline forecast for FY2025-26 below 4 per cent now (with below 3 pre cent in Q1FY26), the report said. The nominal GDP growth is expected to be in the range of 9-9.5 per cent for FY2025-26 (Budget: 10 per cent), signifying a Goldilocks period to slash the policy rates given the low growth and low inflation, said the research report from the State Bank of India's Economic Research Department titled 'Inflation and Rate Cut Trajectory'. "With multi-year low inflation in March and benign inflatio

Banks remain cautious in lending to NBFCs despite risk weight reversal

Despite RBI's decision to revert risk weights on NBFC loans from April 1, banks continue to exercise caution, limiting credit access to mid-sized NBFCs and MFIs

FIEO urges RBI to share info on banks offering rupee trade to aid exporters

Apex exporters' body FIEO has urged the RBI to publicly share information on banks offering the rupee trade settlement system (SRVA) as lack of awareness is limiting its use. The system simplifies trade and saves foreign exchange, but many exporters do not know where to access it, Federation of Indian Export Organisations (FIEO) President S C Ralhan told PTI. In 2023, the Reserve Bank permitted banks operating in the country to open Special Rupee Vostro Accounts (SRVAs) of partner banks from specified countries as part of efforts to promote bilateral trade in local currencies. This enables exporters and importers to invoice and pay in their respective domestic currencies enabling the development of a bilateral foreign exchange market. This system makes it easier to trade with some countries in rupees instead of dollars or euros, "but many exporters don't even know which banks offer this service, because that information isn't easily available. The RBI should make this public. Bette

Poonam Gupta takes charge as RBI Deputy Governor, to join MPC in June

Poonam Gupta will oversee Monetary Policy, Research and Financial Stability departments at RBI and joins MPC as India debates targeting core versus headline inflation

RBI imposes penalty on ICICI, Axis, BoM, IDBI, BoB for violating norms

ICICI, Axis, Bank of Baroda, Bank of Maharashtra and IDBI Bank penalised by RBI for breaches including delayed reporting, excessive charges, and non-compliant operations

RBI fines ICICI, Axis, three other banks for regulatory compliance lapses

The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement

India's forex reserves rise $1.98 bn to $688.13 bn, up for 8th week in row

India's forex reserves increased USD 1.983 billion to USD 688.129 billion during the week ended April 25, the RBI said on Friday. This is the eighth consecutive week of a rise in the kitty, which had jumped 8.31 billion to USD 686.145 in the previous reporting week. The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended April 25, foreign currency assets, a major component of the reserves, increased USD 2.168 billion to USD 580.663 billion, the data released on Friday showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. Gold reserves decreased USD 207 million to USD 84.365 billion during the week, the Reserve Bank of India said. The Special Drawing Rights (SDRs) were up USD 21 million to USD 18.589 billion, the apex bank said. India's reserve position with the IMF was also up USD

RBI working group recommends longer hours for interbank money markets

The Reserve Bank of India set up the group to study the changing needs of market participants

RBI seeks 'vostro' accounts investment cap removal to push Rupee trade

The holders of such accounts can invest in Indian government debt without registering as foreign portfolio investors (FPIs), as overseas investors have to

Jana Small Finance Bank may apply for universal bank licence this month

Jana Small Finance Bank will join AU Small Finance Bank and Ujjivan Small Finance in the list of the small finance banks that are seeking a universal banking licence from the RBI

Why banking and financial services funds are seen as a good long-term bet

The BFSI space offers a broad mix of segments

From today, ATM withdrawals beyond limit will cost you more: Details

The free limit under the new ATM rules has been set at three for metropolitan regions and five for non-metropolitan areas

Bank retail credit witness sharp slowdown in FY25; drops to 11.6%

Reserve Bank of India data showed the overall bank credit growth declined to 11 per cent in FY25 from 20.11 per cent in FY24