reserve bank of india

Mumbai, February 13 The Reserve Bank on Friday issued the final guidelines on acquisition financing by banks, increasing the lending limit to up to 75 per cent of the deal value from the 70 per cent proposed in the draft rules.In amended directions governing commercial banks' credit...

New Delhi, February 13 MUFG has proposed appointing two directors on the Shriram Finance board as nominees of the investor, following the Japanese bank's acquisition of a 20 per cent stake.Morihiko Fuji and Shinichi Fujinami would be appointed to the board to meet the applicable "fit and...

Mumbai, February 13 The Reserve Bank proposed on Friday allowing banks to extend loans to REITs, capping the total exposure at 49 percent of the asset value under each investment trust.Banks will provide loans only to listed Real Estate Investment Trusts (REITs).Currently, there are five...

Mumbai, February 13 The Reserve Bank of India (RBI) imposed monetary penalties on Bank of Maharashtra, DCB Bank, and CSB Bank on Friday for non-compliance with directions.The central bank imposed a fine of Rs 32.50 lakh on Bank of Maharashtra, Rs 29.60 lakh on DCB Bank, and Rs 63.60 lakh on...

Mumbai, February 13 Bank credit growth continued to be in double digits, rising to 14.41 per cent year-on-year for the fortnight ended January 31, the Reserve Bank said on Friday.The key number on banks' non-food credit expansion has remained in double digits for the past five months following...

New Delhi, February 13 AU Small Finance Bank, the first SFB in over a decade to receive in-principle approval from the Reserve Bank of India (RBI) to transition into a universal bank, announced on Friday RBI's approval for the reappointment of Sanjay Agarwal as its Managing Director & Chief...

The Reserve Bank of India has issued revised draft guidelines for the Kisan Credit Card (KCC) scheme, proposing to include expenses on agricultural technology initiatives such as soil testing, weather forecasting, and organic certification within eligible farm loan components.The draft allows...

Mumbai, February 12 The Indian Government on Thursday bought back government securities (G-secs) worth ₹75,504.43 crore from the Reserve Bank of India (RBI) through a switch auction, while also issuing bonds worth ₹69,436.15 crore.The securities repurchased by the government were part of the...

Mumbai, February 12 The Reserve Bank on Thursday released draft rules governing banks' engagement of loan recovery systems, mandating training for agents and also recordings of all calls.A bank must ensure that all phone calls made to a borrower by an agent are recorded, the RBI said...

Mumbai, February 12 The Reserve Bank of India (RBI) on Thursday issued draft guidelines to revise and consolidate the Kisan Credit Card (KCC) scheme, aimed at expanding coverage, streamlining operational aspects, and addressing emerging requirements in the agricultural sector.The central bank...

New Delhi, February 12 Chief Economic Advisor V Anantha Nageswaran said on Thursday that the new CPI series will improve the quality of data used in formulating monetary and fiscal policies.The National Statistics Office (NSO) under the Ministry of Statistics & Programme Implementation (MoSPI)...

Mumbai, February 12 The Reserve Bank said on Thursday that the digitization of payments further improved in the six months to September 2025, continuing a trend that began in January 2021.The Reserve Bank of India - Digital Payments Index (RBI-DPI), which has been published since January 2021...

Mumbai, February 11 Banks should refrain from offering any incentives that could lead to the mis-selling of products or services, the Reserve Bank proposed on Wednesday.In its draft amendment directions for advertising, marketing, and sales of financial products and services by regulated...

Mumbai, February 11 The Reserve Bank of India (RBI) is likely to announce a short-term variable rate reverse repo (VRRR) auction in the coming days to absorb excess liquidity from the banking system and bring the overnight call money rate closer to the policy repo rate, experts said on...

New Delhi, February 11 The government will release the retail inflation data for January based on the new Consumer Price Index (CPI) series on Thursday, which will also reflect price movements in airfares, e-commerce platforms, and subscription rates of OTT channels.The new series, with a base...

Mumbai, February 10 The RBI proposed on Tuesday to exempt non-deposit-taking non-banking financial companies, with an asset size of less than Rs 1,000 crore, from registration and classify them as Type-I NBFCs, with the aim of reducing compliance requirements.In a draft circular, the RBI...

New Delhi, February 10 Approximately ₹72,454 crore in unclaimed deposits from banks, including foreign lenders, are held by the Depositor Education and Awareness (DEA) Fund maintained by the Reserve Bank of India (RBI) as of January 28, 2026, Parliament was informed on Tuesday.The balances in...

Mumbai, February 10 The Reserve Bank of India (RBI) on Tuesday released draft amendment guidelines for lending, proposing to allow urban cooperative banks to double the share of unsecured assets to 20 per cent.According to the draft guidelines for UCBs, the central bank is proposing to...

New Delhi, February 10 Foreign direct investment (FDI) equity inflows in the banking sector have declined from USD 898 million in FY23 to USD 115 million in FY25, Parliament was informed on Tuesday.Total FDI inflows include equity inflows, equity capital of unincorporated bodies, reinvested...

New Delhi, February 9 The use of Artificial Intelligence in tackling mule accounts, which form a key element in facilitating the laundering of illicit funds stolen through cyber crimes, will be one of the focus areas of the two-day conference organized by the CBI and the Indian Cyber Crime...