RBI Deputy Governor Swaminathan J stressed reviewing internal grievance redressal processes. He asked reg ...More

RBI Deputy Governor Swaminathan J stressed reviewing internal grievance redressal processes. He asked regulated entities to design complaint management systems carefully. These systems should prevent complaints from bypassing the Internal Ombudsman. Technology has transformed financial services and customer expectations significantly. Institutions must strive for faster and more transparent grievance resolution. ...Less

The RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousa ...More

The RBI has asked banks to resolve long-pending mismatches between trade and payment records worth thousands of crores. Banks must verify documents and transactions to regularise genuine export-import cases. Clearing old EDPMS and IDPMS entries could improve compliance, prevent businesses from being flagged and ensure more accurate trade data. ...Less

Foreign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swa ...More

Foreign banks have facilitated most FCNR(B) deposits under the RBI's swap facility. This concessional swap facility has attracted over twenty billion dollars in total inflows. FCNR(B) deposits accounted for seventeen billion dollars of these significant inflows. Some large state-owned and private banks also hold a substantial share. The facility aims to strengthen India's balance of payments and forex liquidity. ...Less

The Indian economy expanded 7.7% in the last financial year, and the RBI has projected GDP growth of 6.6% ...More

The Indian economy expanded 7.7% in the last financial year, and the RBI has projected GDP growth of 6.6% for the current fiscal year despite global uncertainties, Sanjay Malhotra said. The governor also flagged inflation risks, noting that the RBI had raised its inflation forecast for FY27 to 5.1% from 4.6% earlier. ...Less

Banks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not cov ...More

Banks face challenges extending collateral-free loans up to twenty lakh rupees. Some accounts are not covered by the government guarantee scheme for small firms. Many borrowers are unwilling to pay additional guarantee fees for these loans. Lenders plan to approach the government and RBI regarding these issues. This situation impacts credit access for micro and small enterprises. ...Less

The RBI Ombudsman 2026 scheme offers free grievance redressal for customers. This scheme covers complaint ...More

The RBI Ombudsman 2026 scheme offers free grievance redressal for customers. This scheme covers complaints against banks and other regulated entities. Customers can seek compensation up to thirty-three lakh rupees for losses. ...Less

RBI Governor Sanjay Malhotra said India’s inflation remains elevated, with rising Middle East tensions an ...More

RBI Governor Sanjay Malhotra said India’s inflation remains elevated, with rising Middle East tensions and the possibility of a weak monsoon posing key risks. He attributed recent price pressures mainly to supply-side factors and said policymakers should remain in a “wait and watch” mode. ...Less

Standard Chartered Bank had already withdrawn its August rate hike forecast following the last policy rev ...More

Standard Chartered Bank had already withdrawn its August rate hike forecast following the last policy review. ET’s interactions with bank economists and a review of research reports show that most institutions now expect the RBI to remain on hold through FY27, while some believe any rate hikes would be back-ended later in the year as the central bank prioritises growth over inflation management. ...Less

The RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy a ...More

The RBI has revised bank board governance norms, effective October 1. Boards will now focus on strategy and risk oversight, delegating operational matters. Specialised committees will handle routine approvals and reviews, enhancing efficiency. This move aims to allow directors more time for long-term strategic issues. The changes follow draft proposals and aim for better corporate governance. ...Less

The RBI has sought comments from the public by August 17 on its draft proposals titled 'Guidance on Regul ...More

The RBI has sought comments from the public by August 17 on its draft proposals titled 'Guidance on Regulatory Expectations for Data Governance.' These seek to strengthen controls over the growing use of external service providers, technology vendors and group entities by banks and other regulated financial institutions. ...Less

The Reserve Bank of India has approved Areion Group's acquisition of Aviom India Housing Finance. This ap ...More

The Reserve Bank of India has approved Areion Group's acquisition of Aviom India Housing Finance. This approval clears a significant regulatory hurdle for the proposed Rs 936-crore deal. Areion Group promoter Manish Lalwani also received necessary fit-and-proper approval from the regulator. The resolution process will now proceed to the National Company Law Tribunal for final approval. This acquisition brings Areion Group a step closer to completing the transaction. ...Less

EbixCash secured a perpetual Authorised Dealer Category-II licence from the Reserve Bank of India. This l ...More

EbixCash secured a perpetual Authorised Dealer Category-II licence from the Reserve Bank of India. This licence allows the company to handle trade and family remittances, previously a bank-dominated segment. The expanded powers enable EbixCash to directly serve small and medium enterprises engaged in international trade. ...Less

India's currency printing authority is now on the lookout for international suppliers of polymer banknote ...More

India's currency printing authority is now on the lookout for international suppliers of polymer banknote material, signaling a significant change from nearly a century of using paper notes. Bidders must adhere to strict security protocols and provide evidence of past collaborations with central banks. The Reserve Bank of India is considering polymer notes due to their durability, coinciding with a recent drop in currency printing costs. ...Less

The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen ...More

The Reserve Bank of India has proposed a new data governance framework. This framework aims to strengthen data risk management for financial institutions. Banks and NBFCs will need to implement robust data lifecycle controls. A board-level committee will oversee the new data governance policies. This initiative seeks to ensure data accuracy, security, and fitness for purpose. ...Less

The Reserve Bank's Financial Inclusion Index increased by 4.48 percent. This index measures financial inc ...More

The Reserve Bank's Financial Inclusion Index increased by 4.48 percent. This index measures financial inclusion across India's banking and insurance sectors. The value for March 2026 reached 70.0, up from 67.0 in March 2025. Growth was observed across all sub-indices, reflecting deepening financial inclusion. Usage of financial services significantly contributed to this overall improvement. ...Less

Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's ...More

Reserve Bank Governor Sanjay Malhotra noted West Asia crisis and weak monsoon pose growth risks. India's economy grew over seven percent recently, supported by strong fundamentals. The central bank projects 6.6 percent GDP growth for the current financial year. Inflation forecasts are raised to 5.1 percent, driven by supply-side factors. The rupee remains stable globally, and FDI inflows are robust. ...Less

The rupee closed at 96.35, nine paise weaker from its previous close of 96.26 as consistent dollar demand ...More

The rupee closed at 96.35, nine paise weaker from its previous close of 96.26 as consistent dollar demand continued to pressure the currency. The currency traded at an intraday low of 96.38 per dollar, a level at which further weakness was contained by RBI intervention, traders said. ...Less

The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to sup ...More

The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing market instability. Recent measures are attracting foreign capital, aiding the central bank's strategy. However, the pace of unwinding is crucial to avoid currency depreciation pressure. The RBI faces a delicate balancing act in managing its forward exposure. ...Less

A fake Reserve Bank of India letter is misleading people about pending payments. It falsely claims a Rs 1 ...More

A fake Reserve Bank of India letter is misleading people about pending payments. It falsely claims a Rs 1 lakh payment is on hold due to transaction failure. Recipients are asked to pay Rs 7,500 as a refundable tax to release funds. The Press Information Bureau's Fact Check unit has flagged this letter as fake. The public is urged not to fall for such fraudulent schemes. ...Less

ICICI Bank is close to raising at least $500 million through five-year dollar bonds via its GIFT City uni ...More

ICICI Bank is close to raising at least $500 million through five-year dollar bonds via its GIFT City unit, leveraging the RBI’s concessional swap facility. The proceeds will support client financing, marking the lender’s first US dollar bond issuance in nearly a decade. ...Less

The Indian rupee experienced a slight upturn on Tuesday, buoyed by the prospect of improved diplomatic re ...More

The Indian rupee experienced a slight upturn on Tuesday, buoyed by the prospect of improved diplomatic relations between the U.S. and Iran, which reduced oil market tensions. With strong capital inflows enhancing the foreign exchange reserves, the Reserve Bank of India reported mobilization of over twenty billion dollars. Investors are now keeping a close eye on the central bank's reserve management approach. ...Less

In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $2 ...More

In a remarkable financial boost, India's central bank recorded significant foreign exchange inflows of $20.72 billion, primarily through a swap facility provided by the Reserve Bank of India. Out of this amount, Foreign Currency Non-Resident Deposits accounted for $17.41 billion. Meanwhile, External Commercial Borrowings contributed $1.34 billion, and Overseas Foreign Currency Borrowings brought in an additional $1.97 billion, enhancing the country’s economic standing. ...Less

New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowe ...More

New Reserve Bank of India norms will prevent lenders from reselling acquired assets to defaulting borrowers. These prudential rules apply to banks, small finance banks, and NBFCs starting October 2026. Specified non-financial assets are those obtained when resolving stressed loans from borrowers. Lenders must establish board-approved policies for acquiring and disposing of these assets. These assets will be disclosed separately on balance sheets, not as NPAs. ...Less

The Reserve Bank of India accepted less than half of its notified amount. This occurred during a switch a ...More

The Reserve Bank of India accepted less than half of its notified amount. This occurred during a switch auction held on Monday. Traders indicated bids exceeded the central bank's comfort level. The RBI accepted ₹14,497 crore out of ₹30,000 crore notified. Bond switches help the government manage near-term and long-term debt redemptions. ...Less

Revised RBI norms on bank guarantees could squeeze proprietary traders by sharply reducing leverage and r ...More

Revised RBI norms on bank guarantees could squeeze proprietary traders by sharply reducing leverage and raising funding costs, potentially hurting derivatives trading volumes. Analysts say the move, along with higher STT, may weigh on the valuations of exchange operators such as NSE, BSE and MCX. ...Less

The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shar ...More

The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The move aims to simplify compliance for significant institutional investors, with public comments invited until August 4, 2026. ...Less

The Reserve Bank of India has imposed penalties on six financial companies. Muthoot Finance received a Rs ...More

The Reserve Bank of India has imposed penalties on six financial companies. Muthoot Finance received a Rs 5.80 lakh fine for risk management failures. Avail Financial Services was fined for director conflicts and exposure breaches. PAN Emami Cosmed faced penalties for exceeding credit exposure limits. Satya MicroCapital was penalized for incorrect NPA classification after restructuring. ...Less

The Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhanc ...More

The Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhance clarity and reduce complexity. Indian companies may soon list shares on foreign stock exchanges. Foreign investors can also make investments on repatriation or non-repatriation bases. The central bank is seeking public comments on these draft regulations. ...Less

Finance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of In ...More

Finance Minister Nirmala Sitharaman stated the rupee's value is market-determined. The Reserve Bank of India monitors foreign exchange markets and intervenes when needed. Several measures are in place to boost foreign exchange inflows into India. These initiatives aim to ease pressure on the Indian rupee. The government closely tracks economic parameters and their implications. ...Less

Global growth faces pressure from an energy shock and a tech boom. The energy shock stems from conflict, ...More

Global growth faces pressure from an energy shock and a tech boom. The energy shock stems from conflict, impacting oil prices and shipping routes. Meanwhile, an AI boom supports growth, particularly in the United States. India's monetary policy must navigate these conflicting external conditions. RBI's MPC will likely adopt a wait-and-see approach to policy decisions. ...Less

Reserve Bank Deputy Governor Swaminathan J urged internal ombudsmen to ensure fair complaint resolutions. ...More

Reserve Bank Deputy Governor Swaminathan J urged internal ombudsmen to ensure fair complaint resolutions. He asked them to identify recurring issues and implement remedial measures effectively. An empowered internal ombudsman mechanism reduces external escalations significantly. The conference focused on faster, higher-quality resolutions and systemic improvements. Participants exchanged views on enhancing the internal ombudsman framework's effectiveness. ...Less

Indian companies' external commercial borrowings proposals saw a significant jump in May. Total filings r ...More

Indian companies' external commercial borrowings proposals saw a significant jump in May. Total filings reached USD 4.74 billion, a notable increase from April's figures. Prominent firms like Indian Railway Finance Corporation and NTPC filed substantial borrowing intentions. Kisetsu Saison Finance also submitted multiple proposals for on-lending purposes. Filings for rupee-denominated bonds also occurred, with Sahrudaya Health-Care filing proposals. ...Less

The scheme allows customers to borrow up to 12 times their deposit amount and offers indicative effective ...More

The scheme allows customers to borrow up to 12 times their deposit amount and offers indicative effective annual returns of up to 16.2%, depending on the investment size and tenure, according to offer documents accessed by ET. Under the FCNR(B) Special Opportunity Deposit with Structured Loan Facility, the bank is offering dollar deposit rates of up to 6.60% for deposits above $5 million with maturities of three to five years. ...Less

The Reserve Bank of India is exploring a new savings product for education. Banks are discussing this pro ...More

The Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recommendations soon. Rising education costs necessitate such dedicated financial planning tools. This initiative aims to help families build a corpus for school expenses. The proposed product may require new regulatory dispensations from the RBI. ...Less

Retail inflation has risen above the RBI's target, driven by fuel and food prices. Core inflation remains ...More

Retail inflation has risen above the RBI's target, driven by fuel and food prices. Core inflation remains subdued, offering a better measure of underlying price pressures. The central bank is unlikely to hike interest rates soon, anticipating price stabilization. Energy prices are expected to trend lower, and commodity markets may return to oversupply. India's vulnerability to imported inflation is diminishing as global conditions improve. ...Less

Central bank governor Sanjay Malhotra met bank chief executives on Tuesday. Geopolitical complexities and ...More

Central bank governor Sanjay Malhotra met bank chief executives on Tuesday. Geopolitical complexities and artificial intelligence were key discussion points. New expected credit loss guidelines also featured in the important talks. Some banks shared their FCNR(B) scheme inflow estimates with the governor. Oil prices have spiked over nine percent after recent military actions. ...Less

HDFC Bank received RBI approval for Rajiv Kumar's appointment as part-time chairman. His three-year term ...More

HDFC Bank received RBI approval for Rajiv Kumar's appointment as part-time chairman. His three-year term as chairman will begin on July 15, 2026. This appointment follows the bank's application and an earlier intimation to the regulator. The bank thanked Keki Mistry for his service as interim chairman. Mistry will continue his role as a non-executive director on the board. ...Less

India's foreign exchange reserves increased by $964 million to $675.16 billion. Foreign currency assets, ...More

India's foreign exchange reserves increased by $964 million to $675.16 billion. Foreign currency assets, the largest component, grew by $930 million during the week. Gold reserves also recorded an increase, rising by $24 million to $105.23 billion. Special Drawing Rights and reserve tranche position with the IMF saw minor increases. Earlier this year, reserves had touched a record high of $728.494 billion. ...Less

The conference brought together IOs from across a representative spectrum of regulated entities including ...More

The conference brought together IOs from across a representative spectrum of regulated entities including banks, non-banking financial companies (NBFCs), credit information companies (CICs) and other regulated entities, along with MD, EDs and CEOs charge of customer service, as well as RBI Ombudsmen and senior officials of the Reserve Bank. ...Less

Punjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank ai ...More

Punjab National Bank will begin acquisition finance in the third quarter of this fiscal year. The bank aims to mobilize USD 2.5 billion in FCNR (B) deposits by September. This move diversifies the bank's asset portfolio and attracts foreign currency. PNB reported a significant profit jump for the quarter ended June 30. ...Less

India has attracted about ten billion dollars through a special deposit program. This initiative aims to ...More

India has attracted about ten billion dollars through a special deposit program. This initiative aims to bolster foreign exchange reserves and support the Indian rupee. The Reserve Bank of India introduced a zero-cost foreign-exchange swap facility for these deposits. Banks can now offer higher returns and leverage these funds, making the program more attractive. Inflows are expected to increase significantly before the September 30 deadline. ...Less

Rising inflation has crossed the Reserve Bank of India's target, signaling potential repo rate hikes. Hig ...More

Rising inflation has crossed the Reserve Bank of India's target, signaling potential repo rate hikes. Higher inflation and increased credit demand suggest banks might raise fixed deposit interest rates soon. Banks monitor deposit growth and credit demand before adjusting their fixed deposit rates. High yields on government securities and small savings schemes also pressure banks to increase FD rates. ...Less

HDFC Bank has delayed recommending CEO Sashidhar Jagdishan's reappointment to the Reserve Bank of India ( ...More

HDFC Bank has delayed recommending CEO Sashidhar Jagdishan's reappointment to the Reserve Bank of India (RBI) as its independent directors conduct an additional review, Reuters reported citing sources. The review is examining media reports alleging the bank offered preferential rates on certain large deposits, though sources said no wrongdoing has been found so far. The board is expected to decide after the review concludes, likely in early August. ...Less

In a move to bolster the banking sector, the Reserve Bank of India has unveiled new guidelines for bank b ...More

In a move to bolster the banking sector, the Reserve Bank of India has unveiled new guidelines for bank board conventions, set to take effect on October 1. By adopting a principles-based strategy, these changes are designed to facilitate smoother operations for lenders, while maintaining stringent oversight on key aspects, including compliance and risk assessment. ...Less

The Department of Land Resources is exploring digital land record integration with ULI. This initiative a ...More

The Department of Land Resources is exploring digital land record integration with ULI. This initiative aims to provide faster and secure institutional credit access. Discussions with RBI Innovation Hub focused on leveraging digital public infrastructure for lending. The collaboration seeks to streamline credit delivery for farmers and rural citizens. This integration will enhance transparency and efficiency in the lending ecosystem. ...Less

The state-run export finance institution will issue three-year floating-rate bonds priced ⁠at 90 ⁠basis p ...More

The state-run export finance institution will issue three-year floating-rate bonds priced ⁠at 90 ⁠basis points over the Secured Overnight Financing Rate (SOFR), according to the bankers, who requested anonymity as they're not authorised to speak to the media. ...Less

The Export-Import Bank of India plans to raise $300 million through dollar bonds. This move utilizes the ...More

The Export-Import Bank of India plans to raise $300 million through dollar bonds. This move utilizes the central bank's subsidized hedging facility for overseas fundraising. The state-run institution will issue three-year floating-rate bonds priced over SOFR. Several other entities have already tapped this facility for foreign currency borrowings. This issuance marks EXIM Bank's second dollar debt offering in 2026. ...Less

In June 2026, Axis Bank announced a further investment of up to ?381 crore in Axis Max Life Insurance, ta ...More

In June 2026, Axis Bank announced a further investment of up to ?381 crore in Axis Max Life Insurance, taking the combined shareholding of Axis Bank and its subsidiaries-Axis Capital and Axis Securities-from 19.02% to 19.99%. Max Financial Services holds 80.01%. ...Less

Indian banks are now mandated to disclose their anti-money laundering measures concerning international b ...More

Indian banks are now mandated to disclose their anti-money laundering measures concerning international business partners. Corporations with overseas investments will relay this information to the Reserve Bank of India. ...Less

The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite sign ...More

The Indian rupee fell to a two-month low against the dollar on Monday. This decline occurred despite significant interventions by the central bank. Rising crude oil prices are fueling inflation concerns across the economy. The market anticipates continued volatility influenced by oil and dollar strength. The Reserve Bank of India is expected to intervene further to support the rupee. ...Less

Banks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,3 ...More

Banks and financial institutions reported Rs 1.42 lakh crore in fraud over five years. Recovery of Rs 6,389 crore was made during this five-year period. Public sector banks filed recovery suits against 15,577 wilful defaulters by March 2026. These banks also recovered Rs 52,360 crore from wilful defaulters. The Reserve Bank of India has directed banks to avoid borrower harassment. ...Less

India and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract fore ...More

India and the UAE central banks have discussed regulatory hurdles affecting India's drive to attract foreign-currency deposits from NRIs in the Gulf. The talks come as Indian banks seek up to $50 billion under the RBI's subsidised deposit scheme, while concerns over capital outflows, due diligence and funding costs continue to pose challenges. ...Less

The Indian rupee strengthened on Tuesday, benefiting from falling oil prices. Optimism over potential med ...More

The Indian rupee strengthened on Tuesday, benefiting from falling oil prices. Optimism over potential mediation in the U.S.-Iran conflict also aided sentiment. Strong inflows tied to the central bank's recent policy measures further supported the currency. These measures have attracted over twenty billion dollars in about a month. Regional Asian currencies and stocks also saw modest gains after oil prices dipped. ...Less

RBI faces a challenge unwinding its large bearish dollar bets. The central bank has begun trimming its ma ...More

RBI faces a challenge unwinding its large bearish dollar bets. The central bank has begun trimming its massive short dollar forward position. This unwinding must be carefully managed to avoid currency market destabilization. Recent measures aim to attract foreign capital and support the rupee. Forecasters predict continued pressure on the Indian currency for the year. ...Less

State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount sign ...More

State Bank of India mobilized nearly two billion dollars under a central bank incentive. This amount significantly surpasses other state-owned and private sector banks' efforts. Other lenders like Bank of Baroda and Canara Bank raised smaller sums. Banks are now focusing on attracting overseas currency inflows from the Indian diaspora. This strategy aims to provide greater flexibility for high-net-worth clients. ...Less

Outward foreign direct investment commitments dropped by 48 percent in June. Equity commitments also saw ...More

Outward foreign direct investment commitments dropped by 48 percent in June. Equity commitments also saw a substantial decrease compared to the previous year. Debt and guarantee issuances by Indian entities overseas also declined during the month. These provisional figures were released by the Reserve Bank of India. ONGC Videsh Rovuma made the largest equity investment in Mozambique. ...Less

The Reserve Bank of India has set the premature redemption price for SGB 2021-22 Series-IV. Investors can ...More

The Reserve Bank of India has set the premature redemption price for SGB 2021-22 Series-IV. Investors can redeem these bonds prematurely from July 20, 2026, after five years. Tax rules apply to capital gains on premature redemption of these bonds. ...Less

Controlled inflation prompts economists to delay interest rate hike expectations. Retail inflation rose t ...More

Controlled inflation prompts economists to delay interest rate hike expectations. Retail inflation rose to 4.38% in June, exceeding the RBI's target. Core inflation remained around 4%, suggesting a lower annual average. This shift means the Reserve Bank of India may not tighten policy soon. Future rate hikes depend on sustained core inflation above 4.5%. ...Less

The Reserve Bank of India has set the premature redemption price for SGB 2020-21 Series-IV. Investors can ...More

The Reserve Bank of India has set the premature redemption price for SGB 2020-21 Series-IV. Investors can redeem these bonds prematurely from July 14, 2026, after five years. The redemption value is based on the average gold price over three preceding working days. ...Less

Indian government bonds saw gains for a second straight session on Thursday. This followed overnight incr ...More

Indian government bonds saw gains for a second straight session on Thursday. This followed overnight increases in U.S. Treasuries after softer economic data emerged. Softer U.S. inflation data eased concerns about an imminent Federal Reserve rate hike. Lower U.S. yields eased pressure on emerging-market debt, helping Indian bonds recover. State-run lenders and foreign investors actively bought bonds, adding support. ...Less

Sovereign gold bonds: The Reserve Bank of India has set the premature redemption price for SGB 2019-20 Se ...More

Sovereign gold bonds: The Reserve Bank of India has set the premature redemption price for SGB 2019-20 Series-VIII. This offers investors a significant absolute return of nearly 257 percent. Tax rules apply to capital gains on premature redemption of these bonds. ...Less

India's retail inflation is expected to average 5% in FY27, with the RBI likely to keep interest rates un ...More

India's retail inflation is expected to average 5% in FY27, with the RBI likely to keep interest rates unchanged for an extended period, according to SBI Research. The report projects CPI inflation at 5.1% in Q2, 5.7% in Q3 and 5.1% in Q4, with a stable rupee and improving foreign inflows helping contain imported inflation. ...Less

The Reserve Bank of India has set the redemption price for SGB 2019-20 Series-II. Investors can redeem th ...More

The Reserve Bank of India has set the redemption price for SGB 2019-20 Series-II. Investors can redeem these bonds prematurely starting July 16, 2026. The redemption value is fixed at Rs 14,199 per unit of SGB. This represents a significant return of nearly 319% on the initial investment. Investors will receive this amount excluding the annual interest payments. ...Less

Around 55.49 crore UPI users were onboarded by June 2026, Parliament was informed. UPI transactions reach ...More

Around 55.49 crore UPI users were onboarded by June 2026, Parliament was informed. UPI transactions reached 24,162 crore in volume and Rs 314 lakh crore in value. NPCI International Payments is expanding UPI and RuPay to global markets. Security measures and international linkages enhance UPI's safety and reach. Government and regulators address fintech ecosystem issues and consumer protection. ...Less

Expected FCNR(B) deposit inflows are now projected at fifty to fifty-five billion dollars. Taxation compl ...More

Expected FCNR(B) deposit inflows are now projected at fifty to fifty-five billion dollars. Taxation complexities for nonresidents and tighter West Asian liquidity are impacting these mobilizations. Early estimates had not fully factored in the tax impact on non-resident Indians. The Reserve Bank of India's special incentives for this program will conclude on September thirtieth. HDFC Bank is pursuing a three-pronged approach to maximize its deposit mobilization efforts. ...Less

Retail inflation in India is projected to increase through the fiscal year. Elevated fuel costs and input ...More

Retail inflation in India is projected to increase through the fiscal year. Elevated fuel costs and input prices are driving this upward trend. The Reserve Bank of India will monitor inflation closely for policy adjustments. Food prices face pressure from weather-related risks and higher costs. A potential rate hike is possible if inflationary pressures persist. ...Less

India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 ...More

India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 billion in the week ending July 326, 2026. The Reserve Bank of India closely monitors foreign exchange market developments. The RBI intervenes when necessary to ensure orderly market conditions. The central bank refrains from targeting any specific exchange rate. ...Less

Abhijeet Dipke, the founder of CJP, was apprehended by Delhi Police amid a student protest march. The sit ...More

Abhijeet Dipke, the founder of CJP, was apprehended by Delhi Police amid a student protest march. The situation intensified when security forces resorted to tear gas and mild crowd control measures near Parliament. In response, CJP spokesperson Saurav Das condemned the actions of the police and urged MPs to advocate for the protesting students, as the protest began to spiral out of control. ...Less

The country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in ...More

The country's stockpile of assets denominated in foreign currencies rose $7.26 billion to $674 billion in the week ended July 3, the latest data from the Reserve Bank of India (RBI) showed. Of the total reserves, foreign currency assets increased $4.5 billion to $545.5 billion, while gold reserves increased $2.6 billion to $105.2 billion during the week. ...Less

The Indian rupee has weakened against the US dollar after recent gains. Renewed US-Iran tensions have pus ...More

The Indian rupee has weakened against the US dollar after recent gains. Renewed US-Iran tensions have pushed crude oil prices higher globally. The Reserve Bank of India's intervention helped limit further depreciation of the currency. Global factors like oil prices and investor flows will guide the rupee's near-term direction. Market participants await US inflation data for further currency market insights. ...Less

On Tuesday, Indian government bonds faced a notable downturn, with the benchmark 10-year yield climbing t ...More

On Tuesday, Indian government bonds faced a notable downturn, with the benchmark 10-year yield climbing to a three-week peak as global market anxiety intensified. The recent spike in oil prices following tensions in the U.S.-Iran relationship has shaken investor confidence, resulting in a weaker rupee and declining stock values in Mumbai. Attention now turns to an impending decision on including Indian bonds in the global index. ...Less

The Indian rupee faced its most significant weekly drop since May, driven by rising oil prices and strong ...More

The Indian rupee faced its most significant weekly drop since May, driven by rising oil prices and strong demand for the dollar. Increasing tensions between the U.S. and Iran exacerbated concerns over energy supplies, further straining the rupee's position. However, interventions from state-run banks provided some relief, temporarily halting its downward trend. Market participants are closely monitoring oil prices and the Reserve Bank of India’s approach to the rupee’s depreciation. ...Less

HSBC's GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen ...More

HSBC's GIFT City unit offers NRIs significant leverage on FCNR deposits. An NRI can borrow up to nineteen times their own funds for deposits. This special deposit program attracts overseas dollar deposits and boosts inflows. The Reserve Bank of India temporarily relaxed interest rate ceilings for this purpose. This initiative aims to attract foreign exchange until September 2026. ...Less

Cyber fraud complaints and losses are increasing significantly in India's digital payment system. The Res ...More

Cyber fraud complaints and losses are increasing significantly in India's digital payment system. The Reserve Bank of India has proposed new safeguards to address these growing concerns. A one-hour lag on large transactions aims to reduce financial losses from fraud. Additional authentication for vulnerable users and scrutiny of mule accounts are also suggested. Customer-induced controls and a kill switch offer users more transaction management capabilities. ...Less

Deloitte India on Sunday projected India's economy to grow between 6.5% and 6.8% in the current financial ...More

Deloitte India on Sunday projected India's economy to grow between 6.5% and 6.8% in the current financial year, with momentum expected to pick up in the second half of FY27. The firm said growth would be supported by stronger festive demand, monetary easing and a gradual stabilisation in global economic conditions. ...Less

Indian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit ...More

Indian state-run banks expect to raise nearly $30 billion through the RBI's subsidised NRI dollar deposit scheme by September 30, bankers told Reuters. About $10 billion has been mobilised so far. Banks expect inflows to accelerate after the RBI eased lending rules, with most funds likely to come in closer to the scheme's deadline. ...Less

The RBI's latest financial stability report highlights a noteworthy level of transparency regarding signi ...More

The RBI's latest financial stability report highlights a noteworthy level of transparency regarding significant economic metrics. There’s an uptick in household debt primarily fueled by consumption, contributing to nearly half of the total rise. While bad loans are generally low, certain sectors face increased default rates. Growth in gold lending and fintech small-ticket loans creates a mixed economic outlook. The report's robust stress-testing framework also includes recommendations for enhanced clarity. ...Less

Union Bank of India achieved a remarkable 27.5% surge in its net profit for the June quarter. The bank ex ...More

Union Bank of India achieved a remarkable 27.5% surge in its net profit for the June quarter. The bank experienced a subtle rise in net interest income, alongside a slight enhancement in margins. Additionally, the bank attracted deposits from overseas locations like Australia and the UAE through a specialized RBI window. Both global and domestic deposits increased, with a significant growth in low-cost CASA deposits as well. ...Less

The Reserve Bank of India is poised to keep its policy rates steady in the short term. Nonetheless, BofA ...More

The Reserve Bank of India is poised to keep its policy rates steady in the short term. Nonetheless, BofA Securities predicts that rising concerns over domestic inflation could lead to increased rates in the future. Revisions to FY27 economic growth projections indicate a stronger demand trend, while external accounts are anticipated to show improvement with a reduced current account deficit. ...Less

The Indian rupee reached an eight-week low against the dollar on Tuesday. High crude oil prices and safe- ...More

The Indian rupee reached an eight-week low against the dollar on Tuesday. High crude oil prices and safe-haven dollar demand pressured the currency. Overseas investors resumed selling local assets, further weakening the rupee. The Reserve Bank of India intervened to limit the currency's decline. The rupee has depreciated 1.4% in the current fiscal year. ...Less

Receivables Exchange of India (RXIL), Invoicemart and M1xchange, the first three operators of the central ...More

Receivables Exchange of India (RXIL), Invoicemart and M1xchange, the first three operators of the central bank-backed invoice discounting system, currently account for an overwhelming share of the transactions—about 90% in May as per RBI data. Interoperability will enable businesses registered on one platform to do transactions with other platforms. ...Less

Staying invested throughout market cycles yields the highest returns for investors. Missing just fifty st ...More

Staying invested throughout market cycles yields the highest returns for investors. Missing just fifty strong trading days drastically reduces Nifty 50 returns to 0.89 percent. Missing thirty best trading days improved returns to 4.59 percent for the Nifty 50. Missing ten best trading days boosted Nifty 50 returns to 9.67 percent. Market timing requires two correct decisions, which is difficult for investors. ...Less

India requires infrastructure investments of nearly Rs 770 lakh crore over the next 20 years. This requir ...More

India requires infrastructure investments of nearly Rs 770 lakh crore over the next 20 years. This requirement cannot be met through budgetary resources alone; private capital will need to play a larger role, says Rajkiran Rai, managing director and chief executive of National Bank for Financing Infrastructure and Development (NaBFID). ...Less

A proposal to introduce a merchant discount rate (MDR) on UPI transactions above ₹2,000 for businesses wi ...More

A proposal to introduce a merchant discount rate (MDR) on UPI transactions above ₹2,000 for businesses with annual turnover of ₹1-1.5 crore aims to address the cost of maintaining the payments ecosystem. While banks and payment providers need a sustainable revenue model, the article argues that reintroducing MDR would undermine UPI's biggest strength—a simple, universal, zero-cost payment system. ...Less

The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows ri ...More

The Reserve Bank of India will review foreign currency deposit inflows next week. This meeting follows rising Middle East tensions and potential dollar loan rate hardening. Banks are facing challenges in finalizing fixed lending rates for non-resident Indians. Higher borrowing costs may necessitate increased leverage for attractive NRI deposit yields. The central bank's assessment will consider the current market situation and deposit mobilization. ...Less

The one-day disruption affected ATM uptime and cash availability across the four states, with intermitten ...More

The one-day disruption affected ATM uptime and cash availability across the four states, with intermittent service gaps reported as regular cash replenishment cycles were interrupted. Industry executives, however, said operations are expected to resume from Tuesday after several private sector banks agreed to renegotiate contracts and revise service fees, while discussions with other lenders continue. ...Less

India's inflation faces an uncertain future outlook. Renewed tensions in the Strait of Hormuz may increas ...More

India's inflation faces an uncertain future outlook. Renewed tensions in the Strait of Hormuz may increase oil prices. An intensifying El Niño has raised concerns about higher food costs. Economists expect the Reserve Bank of India to maintain rates. Policymakers are watching closely for broader price pressures. ...Less

The Parliamentary Standing Committee on Finance called the Economic Affairs Secretary to seek clarificati ...More

The Parliamentary Standing Committee on Finance called the Economic Affairs Secretary to seek clarifications on the proposed Securities Market Code Bill as it works to finalise its draft report, with 26 residual clauses yet to be incorporated before the panel submits its recommendations to Parliament during the first week of the upcoming Monsoon Session. ...Less

On Tuesday, Indian government bonds experienced a downturn, attributed to escalating crude oil prices. Th ...More

On Tuesday, Indian government bonds experienced a downturn, attributed to escalating crude oil prices. The pressure was further compounded by higher cut-off yields observed during a state debt auction. Although robust inflows from the Reserve Bank of India's deposit scheme offered some stability, the potential for rising inflation and an increased import bill due to elevated oil prices remains a concern. ...Less

Banks will remain closed on Saturday, July 11, 2026? Digital banking services will continue to be availab ...More

Banks will remain closed on Saturday, July 11, 2026? Digital banking services will continue to be available for customers even if banks are closed. Routine transactions can be performed using mobile and internet banking applications. ...Less

Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been belo ...More

Banks anticipate a surge in FCNR-B deposits before the September deadline. Initial inflows have been below expectations, but partnerships are being forged. Demand from non-resident Indians remains strong, especially from the Middle East. Lenders are intensifying outreach efforts to attract more overseas funds. Mobilisation is expected to accelerate closer to the scheme's conclusion. ...Less

Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative ...More

Finance Minister Nirmala Sitharaman urged banks to intensify outreach to non-resident Indians. Innovative deposit products and foreign currency inflows are key objectives for banks. These initiatives aim to bolster forex reserves and support the Indian rupee. Banks reported significant interest from non-resident Indians across various jurisdictions. The Reserve Bank of India is actively supporting banks in deposit mobilization efforts. ...Less

A parliamentary panel is examining changes to corporate law amendments. Investors may become partners in ...More

A parliamentary panel is examining changes to corporate law amendments. Investors may become partners in newly formed LLPs instead of trustees. The committee also debates proposed relaxations in corporate social responsibility norms. A framework for overseas companies to re-domicile in India is under consideration. The panel expects to adopt its report in early August for parliamentary review. ...Less

Finance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review ...More

Finance Minister Nirmala Sitharaman will meet public sector bank heads on Monday. The meeting will review progress on attracting foreign currency deposits from NRIs. RBI withdrew interest rate ceilings on certain foreign currency deposits until September 30. Concessional forex swap facilities are offered to banks for FCNR(B) deposits. This initiative aims to boost foreign currency inflows and credit flow to productive sectors. ...Less

Corporate lending at top Indian private banks surged significantly in the June quarter. This corporate lo ...More

Corporate lending at top Indian private banks surged significantly in the June quarter. This corporate loan growth far outpaced retail credit expansion, reaching 26% on average. Higher bond yields pushed companies back to mainstream lenders for working capital needs. This revival lifted overall bank credit growth to its fastest pace in over two years. Sectors like commercial real estate and infrastructure saw increased demand for loans. ...Less

State Bank of India has appointed Sunil Agrawal as its new Chief Financial Officer. Agrawal previously se ...More

State Bank of India has appointed Sunil Agrawal as its new Chief Financial Officer. Agrawal previously served as the Chief Financial Officer for LIC, the nation's largest life insurer. He brings twenty-seven years of extensive experience in financial services and strategic planning. His expertise includes financial planning, capital management, and regulatory engagement. ...Less

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts ...More

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposits from overseas Indians. The Reserve Bank of India removed interest rate ceilings on certain deposits. This move aims to boost inflows and encourage external commercial borrowings. Banks will also discuss increasing credit flow to productive economic sectors. ...Less

Fairfax Financial Holdings likely purchased government bonds as a prelude to acquiring IDBI Bank. This ma ...More

Fairfax Financial Holdings likely purchased government bonds as a prelude to acquiring IDBI Bank. This marks the company's second significant bond purchase in recent months. The Canadian firm is reportedly preparing to invest capital for a potential IDBI Bank stake. Fairfax aims to secure a major stake in the government-owned lender. The IDBI Bank privatisation process has been ongoing since October 2022. ...Less

Prominent investors Ashish Kacholia and Madhusudan Kela have reduced their stakes in SG Finserve. This mo ...More

Prominent investors Ashish Kacholia and Madhusudan Kela have reduced their stakes in SG Finserve. This move follows a substantial 52% share price increase since the year began. Kacholia's holding dropped below the disclosure threshold, indicating a likely exit from the company. Kela also marginally decreased his investment in the non-banking financial firm. SG Finserve reported strong loan book growth and robust profit figures for the recent quarter. ...Less