Govt studying RBI’s draft norms on project finance, says DFS secy
The government and the Indian Banks Association (IBA) are studying the Reserve Bank of India’s (RBI) draft guidelines on project financing, which banks fear could lead to additional provisioning requirements, financial services secretary Vivek Joshi said on Friday.

Need proactive risk mitigation measures to tackle cyberattacks: RBI
Speaking at the Conference of Heads of Assurance of Urban Cooperative Banks here on Thursday, the deputy governor said that in the ever-changing landscape of banking, new risks constantly emerge. While traditional risks like credit, market and liquidity risks remain significant, new challenges like cybersecurity threats and operational disruptions have emerged.
 

RBI urges ARCs to follow the regulations in letter & spirit
RBI deputy governor flags supervisory concerns over ARCs functioning
The Financial Express

RBI approves appointment of Pradeep Natarajan as IDFC FIRST Bank's Whole Time Director
RBI approves appointment of Pradeep Natarajan as Whole Time Director for IDFC FIRST Bank
The Financial Express

VRR auction sees banks bidding ₹1.95-lakh crore, overshooting RBI target of ₹1.25-lakh crore

The RBI had infused ₹1,57,698 crore on May 3 via VRR auction; ₹25,004 crore on May 13; and ₹50,002 crore on May 14.

Personal guarantors in the crosshairs as lenders step up heat to recover dues
New Delhi : Personal guarantors who are also major shareholders in defaulting companies are facing increased heat from lenders who, armed with a recent Supreme Court ruling, are adding pressure on them to honour their repayment liabilities running into several crores of rupees.

RBI announces reduction in the quantum of the government’s treasury bill sales

Need proactive risk mitigation measures to tackle cyberattacks: RBI DG

T-Minus 60: RBI fires liquidity booster

RBI to conduct Rs 1.25 trillion 14-day VRR auction today
The Reserve Bank of India (RBI) will conduct a 14-day  Variable Rate Repo (VRR) auction for a notified amount of Rs 1.25 trillion on Friday. A repo auction is conducted by the central bank to inject liquidity into the banking system.

Priority sector: RBI may consider demand for sub-target for export credit
New Delhi: The RBI may consider exporters’ demand for a sub-target for export credit within the existing 40 per cent target for priority sector lending (PSL) to ensure improved credit flow to the sector suffering a cash crunch due to disruptions caused by the Red Sea crisis.

NBFCs over-reliance by on a limited number of funding sources may bring grief: RBI Dy Guv Swaminathan
 

Finmin discusses NBFC-related issues and concerns with chief executives of top companies
Finance Ministry on Thursday held wide-ranging consultations with the chief executives of top Non-Banking Finance Companies (NBFCs) on the issues and challenges before the sector and their implication for the financial system including banks.

RBI warns NBFCs a mode they use for giving loans may bring grief

Bolster governance and assurance functions: RBI to NBFCs
Mumbai: Non-banking financial companies (NBFCs) should bolster governance and assurance functions and maintain constant vigil against potential risks and vulnerabilities, according to RBI Deputy Governor Swaminathan J. In the highly dynamic and challenging environment in which financial entities operate, NBFCs are exposed to a multitude of risks that can impact their financial and operational resilience, he said at a conference for the heads of assurance functions of select NBFCs in Mumbai on Wednesday.

RBI urges gold loan NBFCs to strictly comply with norms amid biz surge

According to sources, the regulator assessed the gold loan business of NBFCs after one of them, IIFL Finance, faced regulatory restrictions for violating norms.

ARCs’ Security Receipt redemptions improve in FY24, says Association
The consideration paid for acquiring stressed assets and redemption of security receipts (SRs) by asset reconstruction companies (ARCs) improved in FY24, even as these entities plan to take up issues facing them at their upcoming meeting with the RBI.

IIFL Finance fallout: RBI to relook at gold loan norms
Mumbai: In the wake of the ongoing audit at IIFL Finance’s gold loan business, the central bank is said to be reviewing regulations on gold loans. Certain norms pertaining to loan to value, cash disbursement limits, assaying of the underlying gold, and auctioning of gold are under review. A detailed circular or operative guideline covering these aspects is expected soon.

RBI allows Quant Mutual Fund to pick up additional stake in RBL Mumbai

To give up RBI licence to operate as payment aggregator
 

RBI's investment in IIFC UK subsidiary fell by a fifth in FY23-24

IBBI suggests debtor take 21 days to respond to default confirmation
In a bid to speed up the process of admitting a business to the corporate insolvency resolution process (CIRP), the Insolvency and Bankruptcy Board of India (IBBI) has floated a discussion paper which seeks to enhance the effectiveness and acceptability of the record of default issued by an information utility (IU).

RBI dividend in FY25 likely at the same level as FY24
New Delhi: The dividend that the Reserve Bank of India (RBI) transfers to the Central government in FY25 will likely be in the same range or slightly more than in the last fiscal (FY24), two people aware of the matter said.  

RBI ‘expected’ to transfer ₹1-lakh cr as dividend to the Centre in FY25
New Delhi: The Reserve Bank of India is likely to transfer approximately ₹1,00,000 crore to the government in FY25, according to a report by Union Bank of India. The report said the RBI can be expected to maintain a robust dividend payout for FY25. This projection represents a slight increase from the ₹87,400 crore transferred in the previous fiscal year.” The government has budgeted the FY25 dividend from the RBI and PSU banks and financial institutions at ₹1,02,000 crore vis-a-vis ₹1,04,400 crore in FY24.

RBI appoints R. Lakshmi Kanth Rao as new Executive Director
RBI appoints R Lakshmi Kanth Rao as ED
The Hindu Business Line

Tata Capital, 14 other NBFCs surrender their registration certificates: RBI

Nine Non-Banking Financial Companies (NBFC) have ceased to be legal entities due to amalgamation, merger, dissolution, or voluntary strike-off.

RBI looks at asset reconstruction companies amid a flood of allegations

Bankers body convene meet over SC ruling on interest-free loans
Stunned by a recent ruling by the Supreme Court, the All India Bank Officers’ Confederation (AIBOC) will convene a meeting of its senior officials on Sunday to decide the future course of action. In a major setback for bank employees, the top court, on Tuesday, ruled that the interest-free or concessional loans extended by banks to their employees are fringe benefits and are liable to be taxed as per income tax laws.  The court order will affect nearly 1 million bank employees in the country.

Amid RBI crackdown on lenders, NPCI strengthens information security vertical

“With these appointments, NPCI is poised to elevate its information security practices to newer heights, further safeguarding the interests of both its stakeholders and customers,” it said in a release.

RBI discusses ways to widen UPI ecosystem with stakeholders
Mumbai: Reserve Bank Governor Shaktikanta Das on Wednesday discussed with banks and other stakeholders ways to scale up the UPI ecosystem, expand products and foster innovative payment solutions.