RBI GUIDELINES
RBI issues new rules for activating inoperative bank accounts, unclaimed deposits: KYC via video, any branch of bank, business correspondent
Reserve Bank of India introduces new guidelines for inactive bank accounts. Customers can now update KYC at any branch. Video KYC option is available for remote verification. Business Correspondents will assist in KYC updates.
Banks back status quo on co-lending
Banks are urging the RBI to retain the existing co-lending model (CLM-2) alongside the proposed CLM-1, where loans are jointly originated and disbursed with NBFCs. Currently, CLM-2 allows NBFCs to originate loans and later assign a portion to banks, offering liquidity and speed.
RBI may frame rules to curb mis-selling by banks: Dy guv M Rajeshwar Rao
Speaking at an event on financial inclusion, Rao raised concerns about the persistent challenges the microfinance sector faces, including a vicious cycle of over-indebtedness, high interest rates, and harsh recovery practices. "While some moderation in interest rates charged on microfinance loans has been observed in recent quarters, pockets of high interest rates and elevated margins continue to persist," he said.
Indian banks must urgently embrace AI, privacy technologies to comply with DPDP Act: Report
Indian banks must urgently adopt artificial intelligence (AI), privacy-enhancing technologies (PETs), and privacy-by-design strategies to effectively comply with the Digital Personal Data Protection Act (DPDPA), according to a report released by Protiviti.
Liquidity surge to propel NBFCs with strong fundamentals: Shweta Daptardar
RBI's relaxed lending norms, especially for gold loans up to 2.5 lakhs, positively impact gold financiers like Muthoot and Manappuram due to revised LTV and quicker turnaround times. While microfinance faces credit growth challenges, the repo rate and CRR cuts boost credit growth for NBFCs, favoring those with strong balance sheets. Bajaj Finance and SBI Card are also preferred.
Gold loan stocks like Muthoot Fin, Manappuram rally up to 4% for second day. What should investors do?
RBI's revised gold loan guidelines, effective April 2026, raise the LTV ratio for small-ticket loans, boosting gold loan stocks. The move, seen as regulatory relief for NBFCs, is expected to spur disbursements and intensify competition. Brokerages predict positive implications for NBFCs, with growth-focused outlook and improved profitability.
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RBI throws a surprise party with big rate cut and Rs 2.5 lakh crore boost
The Reserve Bank of India surprised investors with a significant policy rate cut. This action aims to stimulate economic growth amid receding inflation concerns. The RBI also released substantial liquidity to encourage lending. Governor Sanjay Malhotra emphasized the need for proactive measures. The rate cut is expected to lower borrowing costs for home loans and small businesses.
RBI rejects Annapurna Finance's application for setting up universal bank
The Reserve Bank of India (RBI) has declined the application of Annapurna Finance Private Limited to establish a universal bank. After assessing the application based on existing guidelines, the RBI deemed Annapurna Finance unsuitable for in-principle approval. The application was submitted under the 'on tap' licensing guidelines for universal banks.
Cos hail RBI move to exempt small-ticket gold loans from stringent appraisal requirements
The Reserve Bank of India's decision to ease appraisal norms for small gold loans is set to improve credit access, according to gold loan companies. A repo rate cut of 50 bps to 5.50% and a CRR reduction are expected to boost liquidity and lower credit costs.
SBI will call you from these numbers: Check the numbers to avoid cyber frauds
The Reserve Bank of India in January directed all banks and regulated entities (REs) to call customers only using phone numbers that begin with the "1600xx" series for transactions or service provision.
Gold loan stocks rally after RBI hikes loan-to-value ratio limit and eases small loan norms
Gold loan stocks surged 2–7% after RBI raised the LTV ratio on loans under ₹2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders like Muthoot Finance, Manappuram Finance, and IIFL Finance amid broader rate cuts and policy clarity.
Gold loan final regulations will be out by today or Monday, says RBI Governor
RBI Governor Sanjay Malhotra announced that final gold loan regulations will be released by today or Monday. These norms include raising the Loan-to-Value (LTV) ratio for gold loans under Rs 2.5 lakh to 85% from the current 75%. The Ministry of Finance previously suggested revisions to the RBI's draft directions. Following the announcement, Manappuram shares rose by 3.
Private banks more quicker in passing on rate revisions
Private sector banks charge higher spreads on loans compared to public sector banks, ranging from 40 to 200 basis points more, according to recent RBI data. Despite this, private banks demonstrated more effective transmission of policy rates during a period of tight liquidity. The RBI is considering new guidelines to improve policy rate transmission, potentially announced Friday.
HDFC Bank shares in focus after HDB Financial Services gets SEBI nod for IPO
HDFC Bank shares will be in focus after its subsidiary, HDB Financial Services, received SEBI’s approval for its Rs 12,500 crore IPO. The issue includes a Rs 2,500 crore fresh issue and a Rs 10,000 crore OFS. As an upper-layer NBFC, HDB must list by September 2025. The funds will bolster its Tier-I capital base.
DFS proposes exemption for gold loans under Rs 2 lakh, easing regulatory pressure
A DFS recommendation to exempt gold loans below ₹2 lakh from RBI's guidelines is poised to ease regulatory pressure on gold loan companies. This move is expected to shield nearly 80% of customers from tighter norms, facilitating faster loan disbursals and business expansion. Major players like Muthoot Finance and Manappuram Finance witnessed gains following the news.
RBI imposes ₹54.78 crore in penalties on 353 banks, other regulated entities during FY25
In fiscal year 2024-25, the Reserve Bank of India levied 353 penalties totaling ₹54.78 crore on regulated entities for statutory contraventions. These penalties addressed non-compliance issues related to cybersecurity, exposure norms, KYC guidelines, fraud reporting, and credit information submissions. Cooperative banks faced the most penalties, followed by NBFCs, housing finance companies, public and private sector banks, and foreign banks.
Saturday bank holiday: Are banks open or closed today, May 31, 2025?
Confusion often arises regarding bank holidays, particularly concerning the fifth Saturday of a month. According to RBI guidelines, banks operate on the first, third, and fifth Saturdays unless a public holiday intervenes. Digital banking options like Net Banking and UPI provide continuous access to financial services, even during holidays.
No collateral damage: Finance ministry wants relief for small gold loans
The finance ministry has suggested the RBI to exempt small borrowers seeking loans below Rs 2 lakh from its draft directions on gold collateral lending, aiming for quicker disbursal. They also proposed implementing the rules from January 1, 2026, citing the need for field-level adjustments. This came after reviewing the RBI's draft guidelines and considering stakeholder concerns.
RBI to review remittance scheme amid $30 bn FY25 outflows
The Reserve Bank of India is reviewing its Liberalised Remittance Scheme, which saw $30 billion in outflows in FY25, to promote rupee internationalisation. It aims to rationalise regulations, simplify compliance, and expand permitted transactions. The review also covers other foreign exchange schemes and includes reforms to curb mis-selling, strengthen financial resilience, and align rules with evolving business practices.
Muthoot Finance shares surge 6% as FinMin bats for exemption of sub-Rs 2 lakh gold loans from RBI rules
The Finance Ministry recommended exempting sub-Rs 2 lakh gold loans from the RBI’s draft rules. The move aims to protect small borrowers and ease compliance for NBFCs. The ministry also proposed deferring implementation to January 2026, offering relief to lenders reliant on gold-backed loans, especially in rural and semi-urban markets.
FinMin bats for exemption of small borrowers in RBI's gold loan guidelines
The finance ministry has proposed exempting small gold loan borrowers (below Rs 2 lakh) from the RBI's draft guidelines on lending against gold collateral. They also recommended delaying the implementation of the new rules until January 1, 2026, to allow for proper field-level implementation. These suggestions aim to protect small borrowers and address stakeholder concerns regarding the proposed regulations.
Gold loans guidelines: FinMin urges RBI to take time on new rules implementation; Muthoot Fin, Manappuram shares rise
The Finance Ministry suggests changes to the Reserve Bank of India's gold loan rules. These revisions include delaying the implementation. The ministry wants to protect small borrowers. Loans under Rs 2 lakh may get an exemption. The ministry also proposes a later start date of January 1, 2026. The RBI is now reviewing all feedback before finalizing the guidelines.
Received your OCI card and want to open an NPS account? Here’s what you must know
Overseas Citizens of India (OCI) cardholders, aged 18-70, can invest in the National Pension Scheme (NPS) on either a repatriation or non-repatriation basis. Contributions must be made through NRE/NRO accounts, with NRE accounts recommended for those wanting to remit funds back to their country of residence. But if an NPS subscriber has given up on their Indian citizenship and hasn't yet received or applied for an OCI card, they are not eligible to hold an NPS account.
Rules planned to curb mis-selling of products by banks and NBFCs
Reserve Bank of India will soon release norms to stop mis-selling. This will protect consumers from misleading sales tactics. In FY25, the RBI received many complaints about loans and digital banking. The RBI is also creating a system to check how well banks protect customers. They are working to educate people and improve complaint handling with AI.
RBI to review digital banking regulations, expand lending interface and CBDC pilots
The Reserve Bank of India (RBI) is set to overhaul internet and mobile banking regulations and broaden the Unified Lending Interface (ULI) with new features. The central bank is also developing a framework for digital channel resilience and expanding Central Bank Digital Currency (CBDC) pilots. Furthermore, the RBI will establish AI ethics guidelines and bolster cybersecurity measures across regulated entities.
RBI to harmonise loan income recognition rules and review lending practices
Reserve Bank of India will harmonize loan regulations. This will bring uniformity across lenders. RBI plans a review of non-fund based facilities. Liquidity stress testing will be enhanced. New guidelines will cover climate-related financial risks. A data repository for climate risk information will be launched. Draft guidelines on Expected Credit Loss are expected soon.
From Roman censor to modern regulator: Can the RBI be trusted with absolute power?
The Reserve Bank of India's (RBI) recent framework for regulation formulation, emphasizing stakeholder consultation and impact analysis, is viewed with cautious optimism. While RBI has historically engaged with market players, this formalization is seen as a response to government pressure for simplified business regulations.
Bank holidays in June 2025: Check full list of state-wise bank holidays
In June 2025, banks across India will be closed for several regional and national holidays, as determined by the RBI under the Negotiable Instruments Act. These closures include occasions like Id-ul-Ad’ha, Bakri ID, Sant Guru Kabir Jayanti, Ratha Yatra, and Remna Ni, varying by state.
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