Page 6 - Reserve Bank Of India

RBI Dy Guv reaffirms crypto scepticism, says CBDC will grow step by step

RBI Deputy Governor T Rabi Sankar said the central bank will take a calibrated approach to rolling out the digital rupee, maintain its firm stance against cryptocurrencies, and push for rupee globalis

Fiscal policy strongly supportive of growth: RBI Deputy Guv Poonam Gupta

What India should aspire to be, a developed nation, an emerged nation, or an emerged market, is an important one, says Gupta

India's growth at 6.5% allows scope for policy easing: RBI Dy Guv Gupta

At Business Standard's BFSI Summit 2025, RBI Deputy Governor Poonam Gupta said India's strong growth outlook leaves scope for monetary policy easing while fiscal policy remains conducive for expansion

RBI directs banks to offer nomination facility; customers can opt out

New rules effective November 1 require banks to offer nomination at account opening; refusal allowed only with written declaration, says RBI

RBI returns Jana SFB's application seeking universal banking licence

Jana Small Finance Bank's bid to transition into a universal bank was returned by the RBI for not meeting the eligibility criteria under the 2024 framework for small finance banks.

Need to promote wider use of digital solutions: RBI Deputy Governor

Swaminathan says steps like ULI facilitate cash-flow-based lending

RBI likely to increase the number of NBFCs under upper layer list

RBI may expand the upper layer of NBFCs amid rising size and interconnectedness, bringing more large public and private sector NBFCs under enhanced regulatory norms

The changing turf for foreign banks amid selective opening, scrutiny

The move is towards opening up the sector, but selectively, with regulatory scrutiny and special approval

LinkedIn clash: RBI economist accuses SBI of plagiarism in report

An RBI economist accused SBI of plagiarism, saying its Ecowrap report copied RBI's monetary policy research; SBI rejected the claim, calling it 'sensational'

Transitioning to ECL framework: A move towards expected loss-based norms

The forward-looking ECL-based allowance (or provision) is applied at origination and for all subsequent reporting periods to financial assets till derecognition

RBI flags geopolitical tensions as key risk to cross-border payments

The RBI's latest Payments System Report warns that geopolitical tensions could disrupt global payment systems, even as India's digital payments and UPI transactions surge

CBDC adoption may take 2-3 years as banks struggle with tech, incentives

CCIL facilitates the settlement of secondary market transactions in government securities and call money market transactions, using the digital rupee

RBI proposes to make use of UTI mandatory for OTC derivative transactions

The RBI stated that the UTI-generating entity will be determined based on a "waterfall table," which assigns the responsibility for UTI generation in a sequential manner

Govt securities mkt expands over 2-fold between 2019 and 2024: RBI report

Forex clearing transactions rose from 16.6 lakh transactions worth Rs 466 trillion in 2020 to 26.3 lakh transactions amounting to Rs 885 trillion in 2024

Digital payments made up 99.7% of transaction volume in 2024: RBI report

Digital payment transactions accounted for 99.7 per cent in terms of volume and 97.5 per cent in value in the payments system during calendar year 2024, and the trend continued in the first half of 2025, according to a Reserve Bank report released on Thursday. The payments ecosystem in India has witnessed remarkable growth in recent years, said the RBI's half-yearly Payment System Report, June 2025. The payments landscape in India consists of a bouquet of payment systems designed to cater to the diverse needs of users, which include paper-based instruments (cheques) as well as digital payment systems. Digital payment systems include NEFT, IMPS, RTGS, NACH, debit and credit cards, prepaid payment instruments, and UPI. The report also showed an increasing trend across all categories, except for paper-based instruments. Cheques account for 2.3 per cent of the total transactions in terms of value. In terms of volume, the payment transactions grew from 3,248 crore in CY 2019 to 20,849

RBI warns cheap steel imports, dumping threaten India's domestic producers

India's steel imports rose 22 per cent in 2023-24 due to cheaper global prices, but growth slowed in the second half of 2024-25 after safeguard duties were imposed to curb dumping

Large pvt banks see green shoots, expect credit demand revival in H2FY26

Attribute this to fiscal, monetary measures

Travel, education drag outward remittances under RBI's LRS in August

India's outward remittances fell 17.7% YoY to $2.6 bn in August 2025, led by lower travel and overseas education spending amid tightening US visa norms

Commercial banks may not need RBI approval for floating subsidiaries

Regulator to emphasise on non-duplication of businesses

RBI sold $7.6 bn in August amid rupee pressure; Reer falls to 97.6

The central bank remained a net dollar seller for the fourth straight month as the rupee weakened; REER slipped further, signalling lower currency competitiveness