Page 4 - Reserve Bank Of India
RBI faces $100 billion unwinding challenge after record defence of rupee
With a spate of recent measures expected to attract foreign capital, the RBI has started trimming its massive short dollar forward position, a stock of commitments to sell the greenback at future date
 "RBI faces $100 billion unwinding challenge after record defence of rupee")
RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years
Yet another public sector banker takes charge of a pvt bank; Stock plunges 8.5%
 "RBI approves Mahesh Pai as South Indian Bank MD & CEO for three years")
RBI reiterates call for crypto curbs; tax department warns of evasion risks
India has allowed cryptocurrencies to exist in a grey zone since a court in 2018 struck down Reserve Bank of India (RBI) policies that effectively banned them
 "RBI reiterates call for crypto curbs; tax department warns of evasion risks")
Rupee tumbles to one-month low; crude spike pushes bond yields higher
The rupee recorded its sharpest one-day fall in a month on rising crude oil prices and renewed West Asia tensions, while the benchmark 10-year government bond yield climbed
 "Rupee tumbles to one-month low; crude spike pushes bond yields higher")
Indian banks curb short-term debt sales as RBI aids cheaper forex funding
No certificate of deposit issuance was recorded over three trading sessions as lenders turned to cheaper overseas forex funding backed by the RBI
 "Indian banks curb short-term debt sales as RBI aids cheaper forex funding")
StanChart shuts 20 India branches, sharpens focus on wealth management
The development comes as the British lender is turning its focus toward advisory-led services like wealth management
 "StanChart shuts 20 India branches, sharpens focus on wealth management")
India taxes crypto, but RBI still wants distance. Can both coexist?
Crypto is taxed, tracked and traded in India. But the RBI still refuses to recognise it as an asset class. Can this uneasy arrangement endure?
 "India taxes crypto, but RBI still wants distance. Can both coexist?")
Banks bet on Gulf, Singapore and Hong Kong to drive FCNR (B) flows
Banks expect the RBI's FCNR(B) deposit scheme to attract major inflows from the Gulf, Singapore and Hong Kong, with mobilisation expected to accelerate in August
 "Banks bet on Gulf, Singapore and Hong Kong to drive FCNR (B) flows")
M&A funding norms to intensify competition for private credit: Moody's
Moody's says RBI's new acquisition financing norms will intensify competition from banks, reshaping India's fast-growing private credit market
 "M&A funding norms to intensify competition for private credit: Moody's")
The great data game: Why data sovereignty matters more than ever before
The contest for data has only just begun. Those who govern it will shape the future
 "The great data game: Why data sovereignty matters more than ever before")
Renewing the cooperative promise
UCBs need to combine their cooperative values with contemporary capabilities
 "Renewing the cooperative promise")
Ujjivan SFB raises FCNR(B) deposit rate to 7.50% after RBI eases norms
Ujjivan Small Finance Bank raises interest rates on 3-5-year FCNR(B) deposits after the RBI removes the ceiling on fresh deposits of similar maturities
 "Ujjivan SFB raises FCNR(B) deposit rate to 7.50% after RBI eases norms")
Can cheaper bank funding spark India's next M&A cycle after RBI move?
Banks can now finance acquisitions under RBI's revised framework; experts say lower borrowing costs may improve deal economics, but valuations and strategic fit will continue to drive M&A decisions
 "Can cheaper bank funding spark India's next M&A cycle after RBI move?")
RBI appoints Ravi Shankar as executive director to head statistics dept
As executive director, Shankar will oversee the Department of Statistics and Information Management
 "RBI appoints Ravi Shankar as executive director to head statistics dept")
Emerging challenges: India needs to do more to attract stable capital flows
Falling oil prices offer India short-term relief, but the RBI warns that geopolitical tensions and shifting global capital flows continue to pose financial stability risks
 "Emerging challenges: India needs to do more to attract stable capital flows")
RBI's new Integrated Ombudsman Scheme comes into effect from 1 July
The revamped framework broadens consumer grievance redressal, covering banks, eligible NBFCs, prepaid payment instrument issuers and credit information companies under a unified mechanism
Bharti Airtel's NBFC arm Airtel Money begins commercial operations
Airtel Money, which received its RBI registration in February, has started operations as a non-deposit accepting NBFC, with Bharti Airtel planning phased capital infusion
 "Bharti Airtel's NBFC arm Airtel Money begins commercial operations")
AI-driven cyberattacks emerge as top risk for banks and NBFCs, says RBI
RBI says AI-enabled cyber threats have emerged as the biggest risk facing banks and NBFCs, while also warning that the global AI investment boom could create broader financial stability concerns
 "AI-driven cyberattacks emerge as top risk for banks and NBFCs, says RBI")
RBI flags nascent stress in micro enterprises; retail loans need monitoring
Financial Stability Report says banks face funding pressure as deposits shift to costlier sources, while larger housing loans gain share and household debt continues to rise
 "RBI flags nascent stress in micro enterprises; retail loans need monitoring")
Bank NPAs fell in March; may rise under baseline case: RBI report
RBI's Financial Stability Report shows bank NPAs fell to record lows in March, though stress tests indicate a modest rise under the baseline scenario by March 2028