International rupee liabilities of Indian banks surged in 2013, driven by FCNR(B) deposits and dollar funding increases.
RBI's 2013 International Banking Statistics show international liabilities of Indian resident banks rose sharply-35.8% y o y in December 2013-largely from FCNR(B) deposits and foreign currency borrowings; international assets also grew 23.4% y o y. The US dollar share of locational liabilities rose to 40.5%. Consolidated claims increased on both immediate and ultimate risk bases, with faster growth in non bank exposures and notable concentration towards USA, UK, UAE, Singapore, Germany and Hong Kong. Detailed LBS and CBS tables and maturity/sector breakdowns accompany the release, with methodological comparability notes.

Reference Rate publication updates exchange rates for major currencies against the rupee; conveys basis and related cross currency conversions.
The document announces publication of the Reference Rate for the US dollar and the Euro, states that cross currency middle rates were used to derive pound sterling and yen rates against the rupee, and confirms the SDR Rupee rate will be based on the published reference rate.

Reference Rate publication sets rupee exchange benchmarks and cross currency derived rates for FX and SDR valuation.
The Reserve Bank published the Reference Rate for the US dollar and the Euro on May 29, 2014, comparing them with the preceding day, and supplied derived rupee exchange rates for the British pound and Japanese yen based on the dollar reference and cross currency middle rates; the SDR Rupee rate is to be based on the published reference rate.

Monetary policy announcement: second bi monthly review to be issued by press release, providing scheduled public disclosure and guidance.
The central bank announces that the Second Bi monthly Monetary Policy Review for 2014-15 will be released by press release, specifying the timing and identifying the press release as the authoritative medium for public disclosure of the review.

Reference exchange rates published: USD and euro benchmarks updated and cross currency GBP and JPY rates derived accordingly.
Reserve Bank of India published daily reference rates for the US dollar and the euro on May 28, 2014, comparing them with the previous day's rates. The Bank derived exchange rates for the pound sterling and Japanese yen from the US dollar reference rate using middle cross currency quotes, and stated that the SDR rupee rate will be based on the published reference rate.

Monetary spillovers: prolonged unconventional easing raises leverage and exit risk, calling for coordination and stronger safety nets.
Prolonged use of Unconventional Monetary Policy can raise domestic leverage, investor crowding, and exit volatility, while generating cross border spillovers that inflate asset prices and vulnerabilities in recipient countries. Central banks should internalize such spillovers-by reinterpreting mandates to consider foreign reactions-and strengthen international safety nets, including pre qualified liquidity lines, so that unilateral UMP or competitive easing do not produce large adverse global welfare effects.

Special Investigation Team to investigate and prosecute cases involving unaccounted money and report status to the court.
A Special Investigation Team is established to implement the Supreme Court's directive on unaccounted money, chaired by a former Supreme Court judge with a High Level Committee of senior revenue, banking, intelligence and enforcement officials. The SIT is mandated to investigate, initiate proceedings and prosecute cases involving unaccounted funds across matters already under inquiry, pending, awaiting initiation or completed; to prepare a comprehensive action plan and institutional structure; and to report the status of its work to the court periodically.

Cancellation of NBFC registration removes the companies' authority to transact NBFC business under statutory regulatory power.
Certificates of registration authorising certain companies to operate as non-banking financial institutions have been cancelled under the statutory power conferred by Section 45-IA(6) of the Reserve Bank of India Act, 1934, and as a result those companies are no longer permitted to transact NBFC business; the business of a non-banking financial institution is defined in clause (a) of Section 45-I.

Reference rate announcement fixes exchange rates for major currencies and determines the SDR rupee conversion basis.
Reference rates for May 27, 2014 fixed rupee quotations for the US dollar and the euro, with pound sterling and Japanese yen rates derived from middle cross currency quotes; the release notes day on day movements and specifies that the SDR-rupee rate will be based on the published reference rate.

White label ATMs: non-bank authorisation expands ATM network under the Payment and Settlement Systems Act requiring rural deployment.
Reserve Bank authorises non-bank entities to operate White Label ATMs by issuing Certificates of Authorisation, pursuant to permissions under the Payment and Settlement Systems Act, 2007, and requires authorised operators to install a prescribed minimum number of WLAs in semi-urban and rural (tier III-VI) areas within a specified three year period under their chosen deployment scheme.

Fake website impersonation alert: central bank does not offer retail banking; avoid sharing personal data online.
A fake website impersonating the Reserve Bank offered retail banking services and online account openings; the Bank clarifies it does not offer commercial banking services and warns that submitting personal information on the fraudulent site may lead to compromise and misuse. The public is directed to the official website for authoritative press releases and guidance and is cautioned to verify sources and avoid sharing sensitive information on unauthorised sites.

Foreign exchange reserves variation shows net increase driven by capital account inflows despite valuation losses from currency and gold movements.
Reserve variation in 2013-14 was driven by net capital account inflows - chiefly foreign investment and banking capital including NRI deposits - which more than offset a moderated current account deficit; valuation changes from cross currency movements and falling gold prices produced a loss that lowered but did not eliminate the overall increase in foreign exchange reserves on both nominal and balance of payments bases.

Reference Rate update establishes benchmark rupee exchange values and links SDR-Rupee valuation to that benchmark.
Reserve Bank of India published the daily Reference Rate for the US dollar and the Euro, reported prior-day comparatives, and used the dollar reference and middle cross-currency rates to derive and publish rupee exchange rates for other currencies; it also specified that the SDR-Rupee rate will be based on the published reference rate.

Extension of regulatory directions on a cooperative bank continued for a further period; other terms unchanged and reviewable.
The central banking authority extended its directions to The Merchants' Co-operative Bank Ltd., Dhule for a further six-month period under a modified directive dated May 15, 2014, subject to review; all other terms remain unchanged and the modification is not to be construed as indicating satisfaction of substantive improvement in the bank's financial position.

Supervisory directions restrict depositor access and bar core banking operations pending regulatory remediation and prior approval.
Supervisory Directions limit depositor withdrawals and bar the bank from granting loans, making investments, incurring liabilities, accepting fresh deposits, disbursing payments, entering compromises, and disposing of assets except as authorised; these measures are issued under statutory banking regulation powers and do not constitute licence cancellation, with modifications possible and prior written approval required for otherwise prohibited actions.

Reference Rate updates affect exchange rate conversions and cross currency quotations for major currencies against the rupee.
The Reserve Bank of India published official Reference Rates for the US dollar and the Euro, compared them with the prior day's rates, and stated that the SDR Rupee rate will be based on the announced reference rate. The Bank also derived and published exchange rates for other currencies (illustrated for the pound sterling and the yen) by applying the US dollar reference rate together with middle cross currency quotes, providing official conversion benchmarks for market participants.

Reference Rate published for major currencies and underpins rupee conversions, cross-currency quotes, and SDR-Rupee computation.
The Reserve Bank of India's Reference Rate announcement publishes the daily benchmark exchange rates for the US dollar and Euro and derives bilateral rupee rates for other currencies (GBP, JPY) using middle cross-currency quotations; it also states that the SDR-Rupee rate will be based on this reference rate, establishing the reference rate as the operational basis for market conversions and official valuation.

Reference rate published by central bank sets USD/Euro benchmarks and underpins derived GBP, JPY and SDR Rupee conversions.
The Reserve Bank published the Reference Rate for the US dollar and the Euro for May 21, 2014, noting the previous day's rates; it derived GBP and JPY Rupee rates from the US dollar Reference Rate and middle cross currency quotes, and specified that the SDR Rupee rate is to be based on the Reference Rate.

Competition in banking: regulatory reforms propose differentiated licences and governance changes to boost inclusion and efficiency.
Regulatory reform should expand competition through differentiated bank licences (including small and payments banks), targeted relief from legacy obligations like SLR/CRR for long-term infrastructure finance, and tradable fulfilment of priority-sector targets, alongside governance and managerial autonomy reforms for public sector banks to enable them to compete while preserving public purpose.

Reference exchange rate announcement: RBI's published dollar and euro reference rates determine cross currency rates and SDR rupee linkage.
The Reserve Bank of India published daily reference rates for the US dollar and the euro on May 20, 2014, and, using the dollar reference rate with middle cross currency quotes, provided derived pound sterling and Japanese yen exchange rates for May 19 and May 20, 2014; the release specifies that the SDR rupee rate will be based on the published reference rate.