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MUMBAI: Reserve Bank of India on Monday warned non-banking financial companies in Mumbai to tighten underwriting and monitor risks closely, marking the third caution in eight days.The RBI met managing directors and CEOs of select NBFCs, including govt NBFCs, housing finance companies and microfinance institutions. The governor said while NBFCs play a key role in…
RBI governor Sanjay Malhotra (File photo) Reserve Bank Governor Sanjay Malhotra met senior executives of major non-banking financial companies (NBFCs) on Monday to discuss key issues facing the sector, stressing the need for strong lending standards and close monitoring of loan quality.The meeting was attended by heads of government-owned NBFCs, housing finance companies and microfinance…
The Reserve Bank of India has flagged emerging structural pressures in the insurance sector, warning that premium growth is increasingly being driven by high-cost, distribution-led strategies rather than improvements in operating efficiency, even as the sector remains stable in the near term, according to its latest Financial Stability Report.“While posing no near-term systemic risks, the…
The Reserve Bank of India on Thursday said that 98.41% of the Rs 2,000 banknotes that were in circulation at the time of their withdrawal announcement have been returned to the banking system, PTI reported.“The total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on…
MUMBAI: Stress tests conducted by RBI suggest that Indian banks are at their healthiest point in more than a decade, with bad-loan ratios expected to improve further in the coming months and all banks retaining adequate capital even under extreme stress. According to the Financial Stability Report (Dec 2025), the banking system could withstand a…
India’s economy continues to expand at a robust pace, supported by strong domestic demand, low inflation and healthy bank balance sheets, even as risks from unsecured lending, fintech exposure, external uncertainties and stablecoins persist, the Reserve Bank of India said in its December 2025 Financial Stability Report (FSR), PTI reported.The report said the domestic financial…
India is projected to record high economic growth despite a volatile and unfavourable external environment, supported by strong domestic consumption and investment, Reserve Bank of India Governor Sanjay Malhotra said on Wednesday, PTI reported.“Maintaining financial stability and strengthening the financial system remains our north star,” Malhotra said in the foreword to the latest Financial Stability…
Governor Malhotra is of the opinion that inflation will stay low or manageable, and the policy rates will be low for a prolonged period. The Reserve Bank cut its key rates at four of the six monetary policy reviews of 2025 by a cumulative 1.25 per cent, courtesy inflation touching record lows, in what the…
MUMBAI: In a renewed push to contain fraud and improve customer safeguards, RBI has asked banks to clear the growing backlog in KYC updates and warned against the routine rejection of applications. Lapses in KYC, the central bank said, weaken defences against fraud and exclusion, particularly in rural and semi-urban areas. Alongside fraud, RBI has…
The number of ATMs in the country declined as people shifted digital payments. The e-payments network reduced customers’ need for cash withdrawals, even as bank branches continued to expand, a Reserve Bank of India (RBI) report said.Private banks led the contraction, cutting their ATM network to 77,117 from 79,884, while public sector banks reduced their…
