Fri Feb 07 08:00:50 UTC 2025: ## RBI Extends Deadlines, Prioritizes Long-Term View Amidst Global Uncertainty

**Mumbai, India** – The Reserve Bank of India (RBI) announced a series of measures Friday, emphasizing a long-term perspective on the rupee’s value and extending deadlines for new regulations. Governor Sanjay Malhotra stressed that daily fluctuations in the rupee should not be a primary concern, attributing current volatility to global uncertainties which pose a greater threat to India’s growth, investment, and consumption.

Malhotra stated that the RBI’s current “neutral” monetary policy stance, while slightly less restrictive for this meeting, is a calculated approach balancing growth and inflation concerns. He highlighted the ambition of achieving a growth rate exceeding 7%, acknowledging the RBI Act’s mandate to prioritize inflation control but emphasizing the need for a growth-focused approach in the current climate.

The RBI also announced extensions to key regulatory deadlines:

* **Liquidity Coverage Ratio (LCR) norms:** Implementation will now be phased in, with the deadline extended to March 31, 2026, to avoid disruptions.
* **Project finance norms:** These will not be introduced before March 31, 2026, to allow for sufficient implementation time.

Deputy Governor Swaminathan addressed other regulatory matters, emphasizing the RBI’s proactive approach to addressing inconsistent behavior by financial institutions through bilateral engagement and direct action against non-compliance. He also highlighted the need for active collaboration between regulators, the government, and law enforcement to combat fraudulent activities such as pesky calls. The extended deadlines underscore the RBI’s commitment to a measured approach to regulation, prioritizing stability and minimizing negative impact on the financial sector.

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