Page 28 - Latest Updates on Reserve Bank of India
RBI, pvt banks be made parties in fake warrant-extortion case: U'khand HC
Money was embezzled through four bank accounts in the case
 "RBI, pvt banks be made parties in fake warrant-extortion case: U'khand HC")
Muted response from large lenders hinders ULI scale up, say bankers
Bankers say Unified Lending Interface growth remains muted as large lenders stick to legacy rails and land record digitisation lags
 "Muted response from large lenders hinders ULI scale up, say bankers")
Bank holiday today: Are banks open or closed on Wednesday, August 27?
As per the Reserve Bank of India's (RBI) regional holiday calendar, banks will be closed in certain regions of India on Wednesday, August 27 in observance of the first day of Ganesh Chaturthi
 "Bank holiday today: Are banks open or closed on Wednesday, August 27?")
A reasonable request: RBI should allow Indian banks to finance M&As
Restrictions on bank finance for M&As have had some perverse and unintended consequences.
 "A reasonable request: RBI should allow Indian banks to finance M&As")
RBI won't be found wanting if 50% US tariff hurts growth: Governor
Says Basel-III norms for credit and market risks likely from April 2027
 "RBI won't be found wanting if 50% US tariff hurts growth: Governor")
Bank holidays in India 2025: Are banks open or closed today on Aug 25?
Bank Holiday: For Tirubhav Tithi, banks in Assam will close on August 25,2025, but banks in the rest of India will stay open. Ganesh Chaturthi is a follow-up holiday on August 27. Read on to know more
 "Bank holidays in India 2025: Are banks open or closed today on Aug 25?")
India's $695 billion reserves can cover 11 months of exports: RBI Governor
RBI Governor Sanjay Malhotra said India's forex reserves at $695 billion can cover 11 months of imports, giving the economy a strong buffer against global shocks ahead of Aug 27 tariff deadline
 "India's $695 billion reserves can cover 11 months of exports: RBI Governor")
The RBI's monetary policy framework has worked well, change not required
The trend-inflation rate has hovered close to the target, except mostly in times of excess volatility, and the credibility of the central bank has visibly strengthened
 "The RBI's monetary policy framework has worked well, change not required")
Yes Bank stake sale to Sumitomo gets RBI approval for 24.99% acquisition
The RBI has approved Japanese lender Sumitomo Mitsui Banking Corporation to acquire up to 24.99 per cent stake in Yes Bank; the approval is valid for one year and SMBC will not be a promoter
 "Yes Bank stake sale to Sumitomo gets RBI approval for 24.99% acquisition")
Bond yields rise to around five-month high on fears of increased supply
Market participants said that the yield on the benchmark 10-year bond might rise to 6.58-6.60 per cent during the next week
 "Bond yields rise to around five-month high on fears of increased supply")
RBI approves Indranil Bhattacharya's nomination as MPC ex-officio member
Indranil Bhattacharyya, Executive Director at RBI, has been nominated as an ex officio member of the Monetary Policy Committee (MPC), following the 618th meeting of the RBI's Central Board in Lucknow
 "RBI approves Indranil Bhattacharya's nomination as MPC ex-officio member")
RBI names Indranil Bhattacharyya as new MPC member ahead of October meet
The RBI Board approved Bhattacharyya's nomination as an ex officio MPC member, replacing Rajiv Ranjan
RBI board to meet Friday to approve new internal monetary policy member
The RBI board will approve Indranil Bhattacharyya as the new internal member of the monetary policy committee, replacing Rajiv Ranjan ahead of the next review in late September
Liquid funds: Check long-term ratings for clearer view of portfolio quality
Assess the track record of the fund during past liquidity incidents
 "Liquid funds: Check long-term ratings for clearer view of portfolio quality")
RBI to conduct overnight VRR auction to infuse Rs 50,000 cr amid GST flows
RBI will conduct an overnight variable rate repo auction to infuse Rs 50,000 crore into the banking system, easing tightness from GST outflows and maturing VRRR amounts
 "RBI to conduct overnight VRR auction to infuse Rs 50,000 cr amid GST flows")
US tariffs key drag on growth, flags benign inflation outlook: MPC
The Reserve Bank of India held its key repo rate steady at 5.50 per cent earlier this month, after cutting rates by 100 basis points so far in 2025
 "US tariffs key drag on growth, flags benign inflation outlook: MPC")
India's foreign exchange reserves rise by $4.7 billion to $693 billion
India's foreign exchange reserves rose by $4.7 billion to $693 billion for the week ending August 8, boosted by an increase in foreign currency assets, gold reserves, and IMF holdings
 "India's foreign exchange reserves rise by $4.7 billion to $693 billion")
A revolving door for leadership in India's financial sector regulators
With the financial sector maturing, the door to regulatory agencies needs to be opened to a more diverse talent pool
 "A revolving door for leadership in India's financial sector regulators")
Paytm's PA nod may increase market competition in digital payments
RBI's in-principle approval allows Paytm to resume merchant onboarding, lifting 2022 restrictions and opening the field to stronger competition in the payments space
 "Paytm's PA nod may increase market competition in digital payments")
Paytm stock hits 43-mth high on RBI nod to PPSL; brokerages decode strategy
Paytm share price gained 6 per cent today after Paytm Payments Services Limited received in-principle approval from the RBI to operate as an online payment aggregator
 "Paytm stock hits 43-mth high on RBI nod to PPSL; brokerages decode strategy")