Page 42 - Reserve Bank Of India

Centre appoints Anuradha Thakur as director on central board of RBI

The move comes a day after Seth was named chairman of the Insurance Regulatory and Development Authority of India (Irdai)

RBI to consider giving Section-8 MFI firms' access to credit bureaus

The lack of access to credit information leaves Section-8 MFIs in the dark about the worthiness of their clients, while allowing borrowers to exploit the arbitrage between Section-8 and mainline MFIs

Tata Chairman N Chandrasekaran's compensation up 15% at ₹156 crore in FY25

During FY25, Tata Sons' profit fell 24.3 per cent to ₹26,232 crore from ₹34,654 crore the previous year, according to the company's annual report

RBI to hold rates in August, expected to cut again later this year: Poll

Subdued inflation has allowed policymakers room to cut rates but with the economy expanding at a rapid 7.4 per cent rate

RBI sees tepid demand at VRR auction ahead of ₹2 trillion reversal

The Reserve Bank of India saw lower-than-expected bids at its overnight VRR auction, with market participants anticipating the reversal of Rs. 2 trillion on Friday

Net ECB inflows rise to $4.4 billion in April-May 2025, shows RBI data

External Commercial Borrowing inflows surge to $4.4 billion in April-May 2025, driven by capital expenditure, despite a slowdown in new ECB registrations

RBI injects liquidity to rein in soaring weighted average call rates

Overnight rates breached MSF ceiling; RBI injects ₹50,000 crore to ease market liquidity

Co-op bank call market activity rebounds after RBI platform directive

Co-operative bank participation in the call money market has rebounded after a drop following RBI's mandate for NDS-CALL platform membership, says RBI report

Flows into NRI deposits moderate to $1.9 billion in April-May 2025

NRI deposit inflows fell to $1.9 billion in April-May 2025 from $2.8 billion a year earlier, with declines across FCNR, NRE and NRO categories, RBI data showed

Higher FDI cap won't affect PSBs' financial inclusion goals: UCO Bank CEO

We are conducting a saturation drive for inoperative PMJDY accounts, meeting customers one-on-one to encourage them to operate their accounts, says Ashwani Kumar

Signs of slippage: Certain segments of borrowers require attention

Unsecured lending by scheduled commercial banks (SCBs) steadily grew over the past several years and touched 25.5 per cent of the credit extended in March 2023

Inflation undershoots, yet risks remain: Rate cuts may spark volatility

The MPC's June 2025 decision to cut the repo rate by 50 basis points - more than expected - surprised markets

Customer complaints rising fast, bankers lacking empathy, says RBI DG

Reserve Bank Deputy Governor Swaminathan J has rued a "lack of empathy" among bankers, even in the face of rising number of customer complaints around serious aspects like fraud. Speaking at an event of RBI-promoted NIBM (National Institute of Bank Management) on July 12, Swaminathan said there is "increasing automation but decreasing ownership", and customers have to contend with template emails and helplines loop back "endlessly". He made it clear that addressing these issues will be essential if bankers were to sustain people's trust in the system. The Reserve Bank's website published the speech on Tuesday. "The number of customer complaints -- especially through digital channels -- has risen significantly in recent years. From social engineering frauds to poor grievance redressal, the loss and frustration is real. Often, the problem is not the product or service, but, as I see it, the real issue is a lack of empathy," the commercial banker-turned-regulator said in his valedict

Not mandatory for customers to opt for digital banking: RBI draft norms

Further, the norms stated that banks should obtain consent from customers for providing digital banking services

RBI's intent to close outstanding EDPMS entries deserves praise

The RBI introduced the EDPMS to monitor the realisation of export proceeds in February 2014

Lower home loan EMIs spark increased buyer interest amid repo rate cuts

House purchase affordability across the key Indian markets has improved in the first half of the calendar year 2025 (H1 CY25)

RBI to hold ₹2 trillion 7-day VRRR auction to absorb surplus liquidity

RBI to conduct seven-day Variable Rate Reverse Repo auction on Friday to absorb Rs 2 trillion as banking system liquidity remains in surplus of over Rs 3 trillion

UCB directors must probe management to boost governance: RBI's Swaminathan

RBI advises UCB directors to ask tough questions to senior management to ensure ethical, transparent, and prudent operations, aiming to prevent distress in the banks

Climate risks may impact biz segment consisting largely of MSMEs: DG Rao

RBI Deputy Governor M Rajeshwar Rao highlights that climate risks will impact MSMEs, unorganised sectors, and unlisted corporates, stressing the need for awareness and risk assessments

RBI's liquidity steps to aid 100 bps rate cut transmission in 2025: Fitch

Credit rating agency Fitch Ratings says ₹5.6 trillion liquidity infusions and cash reserve ratio cut will support loan growth, though banks may see short-term pressure on margins