Reserve Bank of India
Weekly Global News Wrap: Julius Baer seeks new CFO; UniCredit mulls liquidating Russia unit
Weekly Global News Wrap: Julius Baer seeks new CFO; UniCredit mulls liquidating Russia unit
And an RBI official criticized FX market makers for aggravating the rupee’s weakness, according to a report.
RBI bans non-deliverable INR derivatives
Authorised dealers may still offer deliverable FX derivative contracts.
HDFC Bank’s part-time chairman quits citing 'certain bank practices'
The central bank and HDFC said there are no material concerns or matters in separate statements.
SMBC to transform India branches into subsidiary after conditional RBI nod
The Japanese megabank will transform its local presence into a centralised corporate structure.
Indian banks hit decade-high returns but profit set to soften
Some of the more recent reforms are untested through a down-cycle, said Fitch.
RBI begins linking payments system with Europe’s instant payment settlement
The proposed linkage is expected to facilitate cross-border remittances.
India’s central bank establishes regulatory review cell
It will ensure the systemic internal review of regulations every 5-7 years.
Weekly Global News Wrap: Santander to buy TSB; BPER increases BPSO
And India plans to withdraw $11.7b of excess liquidity worth from the banking system.
India lowers priority sector lending obligation of small finance banks
It is now just 60% overall, although flexible allocation is now just 20%.
India’s new gold-backed loan rules changes competitive landscape
Lenders will have to gauge repayment capability using income and cash flows.
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.
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