RBI Expands 20% Cash Reserve Rule for Rupee Hedges to Curb Speculation
The Reserve Bank of India (RBI) has widened its foreign-exchange risk reserve requirement to include eligible rupee derivative contracts that…
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Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
RBI Extends Forex Risk Reserve Requirement to Banks’ Own Hedging Contracts
The Reserve Bank of India (RBI) has expanded its Foreign Exchange Risk Reserve (FERR) requirement to cover eligible rupee-linked foreign-exchange…
RBI Opens Special Dollar Window for Three State-Run Oil Companies
The RBI has opened a special dollar window for IOC, HPCL and BPCL from October 12 to ease pressure on…
RBI Forex Rules Cut Documentation Threshold to $5m
RBI has lowered the documentation threshold for specified forex derivatives to $5 million. Separate rules govern cancelled hedges and dealer…
CRR Daily Floor Rises to 99% From October 16
RBI raises the daily CRR maintenance floor to 99% from October 16, 2026, while retaining the full prescribed average. Here…
NBFC Services to Banks in Co-Lending Face 18% GST, Loan Interest Stays Exempt
NBFC services to banks under co-lending will attract 18% GST, the GST fitment committee has decided, while interest on the…
Bank Deposits, Demat Investments to Appear in a Single Account Statement Soon
Regulators are working on a single account statement showing bank deposits and demat securities together, giving investors one consolidated view…
UPI MDR rollout may be deferred to January 2027, report
UPI MDR key takeaways: The October 15 start remains official; January 1 is a reported request, not a decision; ordinary…
RBI Sets ₹25,000 Crore Threshold for New Counterparty Risk Rules; Smaller Banks Get Choice
The Reserve Bank of India has set a ₹25,000 crore threshold for banks that will be required to adopt the…
Bajaj Finance Raises FD Rates by Up to 40 bps After RBI Repo Hike
Bajaj Finance has raised interest rates on its fixed deposits by 15 to 40 basis points across tenures of 12…