The Reserve Bank of India (RBI) is set to finalise its Expected Credit Loss (ECL) framework in the next 2–3 months, with full implementation effective April 1, 2026, according to sources. This move marks a big change in how banks deal with loan losses. Instead of waiting for loans to turn bad, the new Expected…
The RBI (Reserve Bank of India) has recently issued a circular that has shifted from the earlier ‘Financially Sound and Well Managed’ (FSWM) framework to a more streamlined ‘Eligibility Criteria for Business Authorisation’ (ECBA) system. This marks a decisive shift toward empowering co-operative banks with greater autonomy provided they meet certain financial and governance benchmarks. Key Highlights…
Retail inflation in India, which has been on a declining trend, providing further respite to common people, is expected to head below RBI’s 2 per cent lower tolerance band this July, according to Nomura. Continuing its downward trend, retail inflation in India hit a new over six-year low in June, at 2.1 per cent. “Headline…
Mumbai: The Reserve Bank of India may consider replacing the unsecured weighted average call rate (WACR) with a secured rate-such as the tri-party repo dealing system (TREPS) rate or the newly introduced secured overnight rupee rate (SORR)-as the operational rate for effective monetary policy transmission, suggested Japanese brokerage firm Nomura. This shift would better reflect…
The Reserve Bank of India (RBI) announced on Friday, July 11, that it has fined HDFC Bank Rs 4.88 lakh and Shriram Finance Rs 2.70 lakh for failing to comply with some of the Central Bank’s directives. “The penalty on HDFC Bank was levied under the provisions of Section 11(3) of the Foreign Exchange Management…
India’s foreign exchange reserves saw a rise of USD 4.8 billion in the week ended June 27, after a decline in the previous week. Official data released by the Reserve Bank of India showed that forex reserves jumped sharply to USD 702.78 billion. In the week ending June 20, foreign exchange inflows stood at USD…