Reserve Bank of India
India lowers priority sector lending obligation of small finance banks
India lowers priority sector lending obligation of small finance banks
It is now just 60% overall, although flexible allocation is now just 20%.
1 day ago
India’s new gold-backed loan rules changes competitive landscape
Lenders will have to gauge repayment capability using income and cash flows.
5 days ago
India revises instructions for unclaimed and inoperative deposit accounts
Accounts covered are those unoperated and amounts unclaimed for 10 years or more.
India’s consumer lending growth slows in 2025
Consumer demand for mortgages and personal loans will be dampened, it said.
India revises priority sector lending guidelines
It broadened the purposes for renewable energy loans and revised UCB targets.
RBI Governor tells urban cooperative banks not to break depositors’ trust
Malhotra stressed the importance of maintaining high standards for customer service.
India’s central bank names new executive director
Shri Indranil Bhattacharya will look after the Dep’t of Economic and Policy Research.
India and Mauritius ink MOU for local currency use in cross-border transactions
It covers all current account transactions.
Japan, India renew bilateral swap agreement
The size of the BSA remains unchanged at $75b.
India’s restored risk weights offer modest impact to banks
The move will enhance flow of credit from banks to better-rated NBFCs.
RBI proposes extra authentication for first-time online card use
Card issuers are mandated to validate the additional factor authentication.
India’s postponed LCR rules a win for banks’ margins, loan growth
The rules require banks to shore up more liquidity on retail deposits.
Overall loan demand in India to “moderate” in Jan-Mar 2025: survey
Terms and conditions for the mining sector are expected to become stricter.
RBI supersedes board of Aviom India Housing Finance
Punjab National Bank’s ex-CGM Shri Ram Kumar appointed as administrator.
India allows foreigners living overseas to open rupee accounts
This is provided they use the accounts for transactions with a resident of India.
RBI names 15 NBFCs to upper layer
They are subject to enhanced regulatory requirements for a 5-year period.
India names new advisory committee members for bank applications
RBI former deputy governor Shri M. K. Jain will serve as chairperson.