Reserve Bank of India (RBI) Governor Sanjay Malhotra has urged banks and non-banking financial companies (NBFCs) to cease the practice of repeatedly requesting ‘Know Your Customer’ (KYC) documents from customers. Speaking at the annual conference of RBI Ombudsmen, Malhotra

The Reserve Bank of India (RBI) has implemented significant liquidity infusion measures aimed at stimulating economic growth and potentially leading to a reduction in lending rates sooner than anticipated. These measures are designed to alleviate liquidity constraints in the banking system, thereby enabling banks to lower borrowing costs for consumers and businesses. To

Investors in the Sovereign Gold Bond (SGB) Scheme 2016-17 Series IV have experienced substantial returns as the Reserve Bank of India (RBI) announced a redemption price of ₹8,624 per unit. This series, issued in March 2017, had an initial issue price of ₹2,943 per gram, leading to a significant appreciation over the investment period. The […]

The Reserve Bank of India (RBI) has eased lending restrictions on non-bank financial companies (NBFCs) and microfinance institutions (MFIs) by lowering risk weights for bank credit. This move aims to boost lending capacity and support economic growth, reversing the slowdown observed after previous regulatory measures. In November 2023, the RBI had increased risk weights

The Reserve Bank of India (RBI) has announced a significant measure to address the persistent liquidity deficit in the nation’s banking system by initiating a $10 billion dollar-rupee buy/sell swap auction. Scheduled for February 28, 2025, this operation aims to inject approximately ₹870 billion into the financial system, providing much-needed liquidity relief to

The Reserve Bank of India’s (RBI) recent directive to formalize communication channels between financial institutions and customers has sparked a debate among industry experts. On January 17, 2025, the RBI mandated that all transactional calls from banks, mutual funds, and other financial service providers must utilize the ‘160’ number series, while

The Reserve Bank of India (RBI) has proposed the removal of foreclosure charges and pre-payment penalties on all floating rate loans extended to individuals and Micro and Small Enterprises (MSEs), including those taken for business purposes. This initiative aims to promote responsible lending practices and provide greater flexibility to borrowers in managing their debts.

India’s foreign exchange reserves have surged by $7.6 billion, marking the third consecutive week of expansion. This increase brings the total reserves to approximately $704.89 billion, reflecting strong foreign investments and a stable macroeconomic outlook. Breakdown of Forex Reserves The foreign exchange reserves comprise multiple components that contribute to

Finance Minister Nirmala Sitharaman has highlighted the collaborative efforts between the Indian government and the Reserve Bank of India (RBI) to ensure the nation’s economic growth remains on a steady trajectory. She emphasized the importance of affordable interest rates to support industry expansion and capacity building. Government and RBI’s Unified

In a strategic move to bolster digital payment security and mitigate rising cyber threats, the Reserve Bank of India (RBI) has announced the introduction of exclusive internet domains for financial institutions. This initiative aims to enhance trust in digital banking and payment services. Addressing Rising Digital Payment Frauds The RBI has expressed significant concern