Page 45 - Reserve Bank Of India

RBI's digital payments index increases to 493.22 as of March 2025

Index up from 465.33 in September 2024, reflecting rapid digital adoption and stronger payment infrastructure and performance across India

Tata Sons expects reprieve from IPO deadline amid RBI rule review

The RBI had earlier classified Tata Sons as a top tier non-banking lender, forcing it to list by September this year

An inclusive index: More data needed to strengthen financial inclusion

The index is composed of three key parameters - access, usage, and quality - all of which have shown improvement this year

Indian economy can grow over 6.5% in FY26 without hurdles: RBI MPC member

Indian economy is growing at a robust pace and will not face any challenge in achieving a growth rate upwards of 6.5 per cent in the current financial year, RBI Monetary Policy Committee (MPC) member Nagesh Kumar said on Sunday. Kumar, in an interview with PTI Videos, further said that Indian economy, among all economies, continues to remain a bright spot for the world. "Actually, more than a third of global economies are under the debt crisis...The industrialised economies are facing a lot of pressure and high inflation and the slowdown of economic growth," he said. But because Indian economy is more driven by domestic consumption and domestic investment, less by export or trade, Kumar said India continues to grow very robustly. "I do not see any challenges in Indian economy achieving upwards of 6.5 per cent kind of growth in the current year and the following year. "And, you know, hopefully this kind of growth momentum will continue for coming years, but also be over time ...

RBI grants 1-month extension to IndusInd Bank's committee of executives

Bank's chief human resources officer resigns after a two-decade stint with the bank

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