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.

Editorial. RBI must crack down on lenders cheating small borrowers
For a long time, loan products in India have not been as well-regulated as saving and investment products. With financial liabilities of Indian households expanding faster than assets and digital lenders wooing customers who are new to credit, this anomaly was crying out for correction. The Reserve Bank of India’s (RBI) recent initiatives to hold regulated entities accountable for fair practices when dealing with retail and MSME (Micro, Small and Medium Enterprises) borrowers, are therefore welcome.

RBI asks NBFCs to stick to loan cash payout limit of Rs 20,000
RBI asks non-banks to stick to loan cash payout limit
mint

RBI lifts restrictions on Bank of Baroda's 'Bob World' mobile app, allows onboarding customers
RBI allows BoB to onboard customers on mobile app 
The Financial Express

FinMin to discuss RBI's draft project financing norms with banks, IBA
The Finance Ministry will discuss the Reserve Bank of India’s (RBI) draft project financing norms with banks and the Indian Banks’ Association (IBA) soon, said a senior Finance Ministry official, requesting anonymity.
 

Indian lenders to appeal cenbank's tough project finance proposal, sources say
Indian lenders will appeal against a central bank proposal to tighten rules for infrastructure project loans, according to a banker and a source familiar with the matter. The Indian Banks Association (IBA) is gathering inputs and will write to the central bank, opposing the imposition of higher provisions for under-construction projects, they said. The provisioning requirement looks a little high, said S.L. Jain, chief executive officer of government-owned Indian Bank. The issue will be discussed with the IBA and a request will be sent to the RBI, Jain said.

What's the new RBI proposal giving cold sweats to lenders?

RBI governor meets stakeholders to further widen UPI reach

Commercial banks for 1-2% project finance provisioning; RBI proposed 5%
Such an  increase in provisioning requirements could push the financing cost of projects, potentially rendering them unviable, argue bankers and experts. According to industry executives, lenders would suggest a 1 per cent standard asset provision for government or public sector projects, given the lower risk involved. For other projects, they would propose a 2 per cent provision.

RBI eases FEMA regulations to facilitate foreign investment in derivatives
New Delhi: Foreign investors will find it easy to invest in derivative investment as the Reserve Bank of India has amended the FEMA (Foreign Exchange Management Act) regulation to facilitate margin management for trading in permitted derivatives. This will be applicable for transactions taking place in or outside India.

RBI’s provisioning hike proposal ‘can dampen infra project lending’
 

Govt evaluating RBI proposal for higher infrastructure provisioning; bankers, NBFCs voice concern

Hinduja Group seeks RBI nod on proposed corporate restructuring for RCap resolution

RBI’s project finance norms: Credit cost for PSBs set to rise
Tightening of project finance norms by the Reserve Bank of India (RBI) will increase the incremental credit cost for banks and hurt their Common Equity Tier-1 (CET1) ratios. According to analysts, the incremental credit cost for banks may go up by 6-21 basis points and hurt the CET1 ratios by 7-30 bps.

RBI should move forward on internationalisation of rupee: Subbarao
New Delhi: The Reserve Bank of India should move forward on further internationalisation of the rupee, says former RBI Governor Duvvuri Subbarao. It should be less interventionist in the foreign exchange market, Subbarao told businessline during a promotion drive for his latest book ‘Just a Mercenary?—Notes from my life and career.

PSU bank stocks tank as RBI proposes tighter project finance rules
New Delhi: PSU bank stocks declined on Monday after the Reserve Bank proposed tighter rules to govern lending to projects under implementation.

e-Rupee has transformative potential, scope for digitisation of payments: RBI Guv
Permanent deletion of transactions can help make e-rupee anonymous: RBI Governor

Advantages of retail CBDCs will be more visible once they are enabled for offline use: RBI Guv Shaktikanta Das

“This can be facilitated through CBDC, which has the same advantages of cash–anonymity, ease of usage and finality of settlement,” Das said on Monday at the BIS Innovation Summit.