In June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets ...More

In June, the Reserve Bank of India engaged in net purchases of $561 million from foreign exchange markets, showcasing its response to significant capital inflows into India. Following its dollar sales in April and May to stabilize the rupee, the central bank recorded nearly $73 billion in inflows from early June to August. Moreover, the RBI's gold reserves remained steady at 880.52 metric tonnes. ...Less

India's central bank is intensifying efforts to support the rupee. Foreign deposit inflows have bolstered ...More

India's central bank is intensifying efforts to support the rupee. Foreign deposit inflows have bolstered the Reserve Bank of India's intervention capacity. The currency's near-term volatility has fallen close to a ten-month low. Higher crude prices and narrowing interest rate differentials add pressure. The RBI faces a delicate balance between growth and currency defense. ...Less

Bandhan AMC has reduced duration across several bond funds as RBI rate hike risks rise following the late ...More

Bandhan AMC has reduced duration across several bond funds as RBI rate hike risks rise following the latest MPC minutes. CIO Suyash Choudhary said markets are increasingly debating the timing and magnitude of potential hikes, while fading FCNR flows and changing policy expectations could drive a flatter bond yield curve. ...Less

The RBI is exploring ways to extend the life of banknotes, including surface coatings and polymer notes f ...More

The RBI is exploring ways to extend the life of banknotes, including surface coatings and polymer notes for lower denominations, Deputy Governor Shirish Chandra Murmu said in the central bank’s monthly bulletin. ...Less

Bank holidays in September 2026: In September 2026, customers in different Indian states should anticipat ...More

Bank holidays in September 2026: In September 2026, customers in different Indian states should anticipate bank closures for a variety of festivals. It's wise to consult the RBI holiday calendar for effective planning. Timely completion of essential banking tasks is critical, so proactive checks are recommended. Also, scheduled and non-scheduled banks will observe holidays on the second and fourth Saturdays, helping to prevent any last-minute banking challenges for customers. ...Less

Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposi ...More

Citigroup and Axis Bank have tied up to finance non-resident Indians investing in foreign-currency deposits, leveraging RBI rules that allow standby letters of credit against such deposits. The arrangement could amplify dollar inflows through offshore financing as India seeks to strengthen foreign-exchange reserves and support the rupee amid strong NRI deposits. ...Less

FISME has urged the RBI to reconsider its proposal to bar NBFCs from offering revolving credit, warning t ...More

FISME has urged the RBI to reconsider its proposal to bar NBFCs from offering revolving credit, warning that a blanket ban could disrupt working-capital finance for MSMEs. The industry body said revolving credit helps small businesses manage cash-flow gaps, as they can draw funds when needed, pay interest only on the amount used and restore their credit limit after repayment. ...Less

India has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowin ...More

India has received $72.8 billion in dollar inflows through FCNR(B) deposits, external commercial borrowings and overseas foreign currency borrowings under the RBI’s special swap facility as of August 21. ...Less

India's economy shows resilience with improved domestic demand and strong activity. Food prices have seen ...More

India's economy shows resilience with improved domestic demand and strong activity. Food prices have seen a broad-based increase, impacting inflation targets. Global economic outlook faces challenges from West Asia conflicts and US tariffs. India's financial markets record high credit growth and comfortable liquidity. The country's macroeconomic fundamentals provide a cushion against global risks. ...Less

India’s house price index rose 1.1% quarter-on-quarter in Q1 FY27 (April-June), driven mainly by Chandiga ...More

India’s house price index rose 1.1% quarter-on-quarter in Q1 FY27 (April-June), driven mainly by Chandigarh, Lucknow and Thiruvananthapuram. ...Less

Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundra ...More

Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an advanced deadline on August 31 that altered original plans tied to deposit-linked fundraising. With the Reserve Bank of India (RBI) moving the timeline forward, many lenders have revised their bond issuance approaches. ...Less

India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) depo ...More

India has mobilised about $73 billion in foreign currency in under 11 weeks, largely through FCNR(B) deposits, yet the rupee remains near ₹95-96 per dollar. The inflows are primarily strengthening RBI’s foreign-exchange buffers rather than being used to push the currency higher. ...Less

The RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August ...More

The RBI’s special forex swap facility has mobilised $73 billion in foreign exchange inflows as of August 21, with FCNR(B) deposits accounting for $65.4 billion, reflecting strong participation from NRIs. ...Less

Saturday bank holiday: August 2026 features significant celebrations such as Ker Puja and Independence Da ...More

Saturday bank holiday: August 2026 features significant celebrations such as Ker Puja and Independence Day that will influence bank schedules. To stay informed, customers are encouraged to refer to the RBI holiday calendar for detailed updates. ...Less

On Thursday, investor appetite for Indian government bonds dwindled amidst fears of increased supply and ...More

On Thursday, investor appetite for Indian government bonds dwindled amidst fears of increased supply and concerns over RBI's liquidity stance. The results from the treasury bill auction reflected weak demand, driving yields upward. Speculation is building that the Reserve Bank of India may take steps to curtail excess liquidity, preparing for possible policy adjustments as inflationary pressures rise. Market analysts predict interest rate hikes within the next year. ...Less

Banks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative ai ...More

Banks and credit firms will launch a responsible borrowing campaign to curb bad loans. This initiative aims to promote financial discipline among young borrowers. The campaign will address risks from rapid digital credit growth and predatory apps. It will also focus on improving credit history and timely payment knowledge. The government is pushing youth awareness on financial discipline and credit scores. ...Less

Anand Mahindra has been reappointed to the Reserve Bank of India's central board. Former ISRO Chairman S ...More

Anand Mahindra has been reappointed to the Reserve Bank of India's central board. Former ISRO Chairman S Somanath also joins the board for a four-year term. Their appointments are effective from August 20, 2026, according to the RBI. Mahindra's reappointment ensures continuity and brings diverse business experience. Somanath's technological expertise will aid the central bank's digital focus. ...Less

India's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by subs ...More

India's foreign exchange reserves achieved a historic high of $729.3 billion by August 21, fueled by substantial NRI deposits under a specialized swap window. The foreign currency assets grew by $9.4 billion, while gold reserves also experienced a positive shift. The RBI's new facility has helped gather $72.85 billion in inflows since its June launch, resulting in a total growth of $48 billion in reserves attributed to this initiative. ...Less

Indian companies show stronger sales growth entering fiscal year twenty twenty seven. Manufacturing sales ...More

Indian companies show stronger sales growth entering fiscal year twenty twenty seven. Manufacturing sales accelerated significantly, driven by key industries like automobiles. Operating profit growth also jumped across major sectors, improving margins. Companies faced elevated input costs, which impacted raw material expenses. However, improved pricing power helped absorb these higher costs effectively. ...Less

The RBI’s Central Board reviewed global and domestic economic challenges and risks to India’s outlook at ...More

The RBI’s Central Board reviewed global and domestic economic challenges and risks to India’s outlook at its 624th meeting, chaired by Governor Sanjay Malhotra. The board also assessed operational areas, including the functioning of its committees and Ombudsman Scheme. ...Less

Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutio ...More

Large banks secured significant dollar deposits, easing short-term borrowing costs for smaller institutions. This influx of funds has boosted banking system liquidity considerably in recent months. However, longer-term borrowing costs are hardening due to hawkish monetary policy signals. Markets anticipate potential interest rate hikes in the near future. This outlook is influencing investor decisions on longer-dated debt instruments. ...Less

RBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision ...More

RBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision was data-driven and a prudent calibration. This move aims to attract $80 billion into India's economy. The central bank cited stronger than expected dollar inflows for the adjustment. The RBI remains committed to managing exchange rate volatility and market conditions. ...Less

The Indian rupee strengthened significantly on Tuesday, gaining 33 paise. This appreciation occurred as o ...More

The Indian rupee strengthened significantly on Tuesday, gaining 33 paise. This appreciation occurred as oil prices retreated and the Reserve Bank of India sold dollars. The rupee closed at 95.41, trading between 95.40 and 95.75 during the session. Oil prices fell more than three percent, influenced by US sanctions on Iran. Domestic markets will be closed Wednesday for a holiday. ...Less

Banks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysi ...More

Banks are enhancing suspicious transaction reporting for money mule accounts. They aim for better analysis and pattern identification by the principal officer. Artificial intelligence and machine learning tools are now being deployed. This initiative follows parliamentary committee recommendations for accountability. The goal is to recover funds and prevent financial system misuse. ...Less

The Reserve Bank of India has announced a buyback of government securities amounting to Rs 30,000 crore, ...More

The Reserve Bank of India has announced a buyback of government securities amounting to Rs 30,000 crore, targeting those set to mature in the fiscal year 2027. This strategic decision aims to alleviate the impending redemption pressure, as over Rs 6 lakh crore in securities are approaching maturity. The buyback is scheduled for September 3. ...Less

In the first quarter of this year, the growth rate of house prices in India decelerated to 3.6 percent co ...More

In the first quarter of this year, the growth rate of house prices in India decelerated to 3.6 percent compared to the previous year, down from 4.5 percent in the last quarter. However, there was a quarterly increase of 1.1 percent in the All-India House Price Index, primarily thanks to notable contributions from cities like Chandigarh and Lucknow. This trend signifies a general slowing of annual price growth by June. ...Less

The timeline stands in contrast to Jagdishan's previous reappointment. HDFC Bank's board had recommended ...More

The timeline stands in contrast to Jagdishan's previous reappointment. HDFC Bank's board had recommended a fresh three-year term for him on March 4, 2023, nearly eight months before his first tenure was due to expire. The Reserve Bank of India approved the appointment in September that year. ...Less

Most high-frequency indicators showed sustained manufacturing and services activity in July. Merchandise ...More

Most high-frequency indicators showed sustained manufacturing and services activity in July. Merchandise exports and imports experienced double-digit expansion, continuing Q1 momentum. Headline consumer price index inflation edged up, primarily due to supply-side pressures. Stable core inflation reaffirmed lower pass-through of cost pressures to consumers. Liquidity conditions eased, supporting credit growth and foreign capital inflows. ...Less

The Indian rupee declined on Thursday, reversing early gains against the dollar. Importer dollar demand i ...More

The Indian rupee declined on Thursday, reversing early gains against the dollar. Importer dollar demand increased, and month-end pressures also contributed to the fall. A modest recovery in the dollar index further dampened the rupee's momentum. Banks absorbed two days of inflows after a holiday, increasing swap costs. The rupee had previously seen its biggest single-day rise after oil prices slipped. ...Less

ICICI Bank raised $1 billion through a five-year private dollar bond, while Union Bank of India secured $ ...More

ICICI Bank raised $1 billion through a five-year private dollar bond, while Union Bank of India secured $600 million in its first international dollar issue in over a decade, benefiting from RBI’s special swap window. UCO Bank also approved a $1 billion programme. ...Less

ICICI Bank is set to raise one billion dollars through the issuance of five-year bonds, marking its fourt ...More

ICICI Bank is set to raise one billion dollars through the issuance of five-year bonds, marking its fourth bond sale this month. With over three billion dollars already raised via the RBI window, this move contributes to the collective bond issuance of over ten billion dollars by Indian banks. This funding initiative is aimed at bolstering their lending and investment activities. ...Less

The Reserve Bank of India recently levied fines on two financial firms for regulatory failures. Shri Ram ...More

The Reserve Bank of India recently levied fines on two financial firms for regulatory failures. Shri Ram Finance Corporation was penalized Rs 8.10 lakh due to management transitions and a lack of proper risk classification for clients. Meanwhile, Progfin incurred a Rs 2.70 lakh fine for failing to conduct timely risk reviews. Both penalties highlight the significance of compliance with established regulations. ...Less

India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale a ...More

India has mobilised $73 billion in foreign exchange inflows in less than 11 weeks, surpassing the scale and pace of the RBI’s 2013 FCNR(B) swap scheme, the finance ministry said. ...Less

If you are planning to invest for three to five years, but don’t want to take a call on interest rates, y ...More

If you are planning to invest for three to five years, but don’t want to take a call on interest rates, you can bet on dynamic bond funds ...Less

Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowin ...More

Axis Bank is set to secure seven hundred million dollars through a dedicated external commercial borrowing facility. This loan features two tranches with tenures of three and five years. The arrangement is spearheaded by CTBC Bank from Taiwan and United Overseas Bank from Singapore, with significant contributions from the World Bank's IFC. Additional banks are anticipated to participate as the syndication phase unfolds. ...Less

Non-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets inv ...More

Non-Resident Indians (NRIs) hold the right to inherit property in India; however, selling such assets involves navigating a complex set of regulations. Stricter rules apply to agricultural lands and farmhouses, particularly regarding their sale and repatriation. The method of repatriating sale proceeds varies based on the property's origin and classification. ...Less

Strong FCNR(B) deposit inflows have led analysts to raise their estimates for dollar mobilisation through ...More

Strong FCNR(B) deposit inflows have led analysts to raise their estimates for dollar mobilisation through the scheme. Jefferies now expects inflows to reach $90-100 billion by August 31, up from its earlier estimate of $70-80 billion. ...Less

State Bank of India expects to gather USD 10 billion from non-residents and foreign investors. The bank's ...More

State Bank of India expects to gather USD 10 billion from non-residents and foreign investors. The bank's total business aims to reach Rs 200 lakh crore by 2030. This ambitious target aligns with the country's economic growth projections. SBI's balance sheet could potentially double every six years. The bank's operations are closely linked to India's economic performance. ...Less

India's foreign exchange reserves jumped $9.905 billion to $716.90 billion in the week ended August 14, R ...More

India's foreign exchange reserves jumped $9.905 billion to $716.90 billion in the week ended August 14, RBI data showed. Reserves had risen $14.1 billion to $707 billion a week earlier, marking the highest level in the current fiscal year. The latest increase came as FCNR(B) scheme inflows started reflecting. ...Less

Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI D ...More

Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI Deputy Governor Swaminathan J said. He flagged cyber threats, digital fraud and dependence on external service providers as key vulnerabilities, urging stronger safeguards, continuity planning and shared infrastructure to bolster UCBs’ resilience. ...Less

HDFC Bank, long regarded as a cornerstone of financial sector, is now under scrutiny for its governance a ...More

HDFC Bank, long regarded as a cornerstone of financial sector, is now under scrutiny for its governance and ethical practices. Recent allegations of mis-selling and troubling workplace culture raise significant concerns among stakeholders. The resignation of a former chairman has underscored the need for ethical realignment. Moving forward, the bank's leadership must prioritize accountability and enhance its governance standards to rebuild trust. ...Less

Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to ...More

Life Insurance Corporation of India received approval from the Reserve Bank of India. This allows LIC to increase its stake in HDFC Bank to 9.99 percent. Currently, LIC holds 4.11 percent of HDFC Bank's total share capital. The approval grants LIC flexibility to raise its investment in the lender. This development strengthens LIC's financial services sector exposure. ...Less

India's foreign exchange reserves have reached an all-time high of $729.328 billion. This surge marks a s ...More

India's foreign exchange reserves have reached an all-time high of $729.328 billion. This surge marks a significant build-up in the nation's external reserves. Foreign currency assets and gold reserves drove this substantial increase. The Reserve Bank of India's measures have attracted considerable forex inflows. These reserves are now higher than both end-March and a year earlier levels. ...Less

India's economy shows resilience with improved domestic demand and strong economic activity. Food prices ...More

India's economy shows resilience with improved domestic demand and strong economic activity. Food prices have seen a broad-based increase, raising concerns for monetary policymakers. Global economic outlook remains weighed by West Asia conflicts and new US tariffs. High-frequency indicators reflect strong manufacturing and services momentum continuing into July. ...Less

Indian government bonds encountered significant challenges this week, marking the worst week of the finan ...More

Indian government bonds encountered significant challenges this week, marking the worst week of the financial year. The Reserve Bank of India's hawkish policy minutes triggered a selloff, compounded by the early closure of a diaspora-deposit hedging facility. Additionally, soaring crude oil prices heightened inflation concerns and rate hike fears in India, culminating in a notable increase in bond yields. ...Less

Non-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overa ...More

Non-resident Indian deposits saw a significant year-on-year decrease in the first quarter. However, overall outstanding NRI deposits experienced a slight increase by June. Foreign Currency Non-Resident (Bank) deposits more than doubled during this period. The Reserve Bank of India introduced a special FCNR(B) window to boost capital. This special facility attracted substantial foreign exchange inflows before its closure. ...Less

Some large private banks and law firms are assisting Indian families with offshore family offices. These ...More

Some large private banks and law firms are assisting Indian families with offshore family offices. These institutions are navigating regulatory interpretations regarding cross-border fund transfers. While regulations permit overseas investment in financial services, intent remains debated by experts. Banks are selectively clearing remittances for foreign family offices, citing literal interpretations of rules. This situation highlights a need for clearer guidelines from the Reserve Bank of India. ...Less

On Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and ...More

On Wednesday, the Indian rupee hit its lowest point since late July, primarily due to high oil prices and sustained demand for the dollar. Despite this, the Reserve Bank of India's interventions helped to temper the rupee's fall. The escalating crude oil costs have contributed negatively to its value, as investors eagerly anticipate upcoming policy review minutes from both the RBI and the Federal Reserve. ...Less

Ending all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. Th ...More

Ending all speculation over extension, Jagdishan has told the board he won't be seeking reappointment. The bank will now fast-track the successor selection process. ...Less

Foreign currency inflows have eased financial conditions for the Reserve Bank of India. This temporary re ...More

Foreign currency inflows have eased financial conditions for the Reserve Bank of India. This temporary relief allows the central bank to delay interest rate hikes. However, rising inflation and global interest rates present renewed risks. Increased liquidity has boosted credit growth, but it is mostly for short-term needs. Systematix expects this calm to be fragile amid future economic pressures. ...Less

Indian economic growth slowed to 7.1 percent in the April-June quarter. Consumer spending and government ...More

Indian economic growth slowed to 7.1 percent in the April-June quarter. Consumer spending and government expenditure supported this growth while private investment remained subdued. Rising crude oil prices pose risks to the economy and could strain household budgets. Economists forecast growth to lose momentum in coming quarters. The Reserve Bank of India is predicted to keep interest rates unchanged for six months. ...Less

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Annie George Mathew, Syed ...More

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Annie George Mathew, Syed Akbaruddin and Janmejaya Kumar Sinha as part-time non-official directors on the Reserve Bank of India’s central board for four years. ...Less

The Indian bond market experienced notable losses on Friday, with government bond yields climbing to a tw ...More

The Indian bond market experienced notable losses on Friday, with government bond yields climbing to a two-month peak. As investors anticipate key policy hints from Federal Reserve Chair Kevin Warsh during his Jackson Hole address, the hawkish tone in the latest RBI minutes has intensified expectations for future monetary policy adjustments. This escalation in yields has enhanced the attractiveness of Indian bonds compared to U.S. ...Less

Banking sector saw deposits withdrawn and credit outstanding decrease in the fortnight. Banks are not ren ...More

Banking sector saw deposits withdrawn and credit outstanding decrease in the fortnight. Banks are not renewing bulk deposits, opting for foreign currency funds instead. This shift slowed year-on-year deposit growth to 14.7 percent. Outstanding bank deposits stood lower at Rs 269.31 lakh crore. ...Less

HDFC Bank's CEO Sashidhar Jagdishan plans to retire in October 2026 following a major merger, leaving inv ...More

HDFC Bank's CEO Sashidhar Jagdishan plans to retire in October 2026 following a major merger, leaving investors eager for details on his successor and the bank's future direction. The institution encounters hurdles in attracting deposits and enhancing margins post-merger. Experts propose either a temporary internal leader or an external hire. In the meantime, stock performance may remain subdued until the next leadership is established. ...Less

India's foreign exchange reserves rose over $9 billion in the week ending August 14. Foreign currency ass ...More

India's foreign exchange reserves rose over $9 billion in the week ending August 14. Foreign currency assets and gold reserves significantly contributed to this overall increase. Banks received substantial funds through special deposit schemes and borrowing measures. ...Less

In light of the hawkish monetary policy minutes and the ongoing conflict in West Asia, the outlook for th ...More

In light of the hawkish monetary policy minutes and the ongoing conflict in West Asia, the outlook for the rupee and bond yields appears uncertain. However, record forex inflows offer a cushion for the central bank, allowing it to manage currency pressures effectively. Analysts expect the rupee to fluctuate between 95.50 and 96.00, with interventions from the central bank. ...Less

HDFC Bank share price rose up to 3% on Monday after the lender's Managing Director and CEO Sashidhar Jagd ...More

HDFC Bank share price rose up to 3% on Monday after the lender's Managing Director and CEO Sashidhar Jagdishan opted against reappointment, prompting brokerages to uphold their positive stance on the bank's stock.In light of this announcement, the board has hastened efforts to find a suitable successor. Analysts appreciate this proactive approach as it alleviates concerns and promises potential value. Investors’ attention now shifts to the upcoming leadership transition and its expected impact on future growth prospects. ...Less

NPCI International Payments Ltd. and Uzbekistan's HUMO have signed a commercial agreement. Indian travell ...More

NPCI International Payments Ltd. and Uzbekistan's HUMO have signed a commercial agreement. Indian travellers can now use UPI-enabled apps to scan UZQR codes. This pact allows instant merchant payments across Uzbekistan for tourists and students. The agreement removes foreign exchange mark-ups and the need for cash. UPI is now operational in ten countries for digital payments. ...Less

Yes Bank withdrew its dollar debt plan as investors sought higher yields. RBL Bank also postponed their d ...More

Yes Bank withdrew its dollar debt plan as investors sought higher yields. RBL Bank also postponed their dollar bond issuances. These lenders await a more favorable time to raise necessary foreign currency. An oversupply of Indian bonds has increased investor demand for better returns. This situation impacts the banks' ability to secure international funding. ...Less

Fino Payments Bank's board approved an interim CEO tenure extension. Ketan Merchant's role as interim MD ...More

Fino Payments Bank's board approved an interim CEO tenure extension. Ketan Merchant's role as interim MD and CEO will continue. This extension requires approval from the Reserve Bank of India. Merchant took charge after Rishi Gupta's arrest in February. Gupta faced allegations related to GST law violations. ...Less

On Friday morning, Indian government bonds found stability as oil prices leveled off. The market reacted ...More

On Friday morning, Indian government bonds found stability as oil prices leveled off. The market reacted to hawkish minutes from the central bank and a sudden spike in crude prices. Later today, a major debt sale will gauge investor interest in bonds. As retail inflation surpassed the Reserve Bank of India's target, rising oil prices and global yields will influence the upcoming market direction. ...Less

On August 26, 2026, banks will remain closed in observance of Onam and Id-E-Milad. Customers planning vis ...More

On August 26, 2026, banks will remain closed in observance of Onam and Id-E-Milad. Customers planning visits to physical branches are advised to consult the RBI holiday calendar beforehand. While Onam is a vibrant harvest celebration honored in Kerala, Eid-e-Milad marks the significant birth anniversary of Prophet Muhammad, influencing banking activities across several states. ...Less

Sebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising smal ...More

Sebi has proposed waiving mandatory merchant banker appointments for eligible listed issuers raising small-value debt privately. The move aims to cut costs and delays, while safeguards would restrict exemptions to regulated companies issuing senior secured debt rated AA- or higher. ...Less

Union Bank of India has made a significant move by raising six hundred million dollars through the sale o ...More

Union Bank of India has made a significant move by raising six hundred million dollars through the sale of bonds, which include three-year and five-year notes at appealing interest rates. This event is particularly notable as it represents the bank's first public dollar bond sale in more than ten years. ...Less

This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDF ...More

This week was the busiest for forex debt issuance by Indian lenders. ICICI Bank, Kotak Mahindra Bank, IDFC First Bank, HDFC Bank and Bank of Baroda together raised a massive $4.4 billion, and the bulk of the proceeds may be used to help fund the leverage for foreign currency non-resident (bank) [FCNR (B)] deposits. ...Less

Former RBI governor Raghuram Rajan advocates for higher US Federal Reserve interest rates. He believes cu ...More

Former RBI governor Raghuram Rajan advocates for higher US Federal Reserve interest rates. He believes current financial conditions remain too loose for controlling inflation. Rajan points to strong investment and fiscal deficits as growth drivers. The US economy shows little sign of being constrained by borrowing costs. Meanwhile, the Indian rupee has shown unexpected resilience recently. ...Less

The Indian rupee hit its highest level in almost four weeks against the US dollar, buoyed by fresh invest ...More

The Indian rupee hit its highest level in almost four weeks against the US dollar, buoyed by fresh investments due to stock index adjustments and central bank actions. Closing the month in the green, the currency rebounded from previous losses. Additionally, foreign bank offers tied to MSCI index inflows offered support. Experts predict that the USD/INR pair may continue to weaken in the upcoming months. ...Less

The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increa ...More

The Indian rupee exhibited stability on Friday, though it faced a weekly decrease. Factors such as increasing oil prices and apprehensions about supply disruptions played a role in its performance. The Reserve Bank of India's timely intervention helped prevent any serious decline against the dollar. Meanwhile, substantial foreign currency inflows enhance the central bank's ability to intervene, providing stability to the rupee amidst subdued volatility. ...Less

India’s GDP grew 7.8% in Q1 FY27, unchanged from the previous quarter and up from a revised 6.9% in the y ...More

India’s GDP grew 7.8% in Q1 FY27, unchanged from the previous quarter and up from a revised 6.9% in the year-earlier quarter. The growth beat the 7.3% forecast in an Economic Times poll and the RBI’s 7% estimate. ...Less

With government bond yields now at attractive levels, treasury heads are actively thinking about making p ...More

With government bond yields now at attractive levels, treasury heads are actively thinking about making purchases. After the RBI's FCNR(B) scheme ended, the five-year bond yield closed at 6.52%. Although there's speculation about a delay in renewed buying due to upcoming policy minutes, the banking sector's liquidity remains robust, with funds ready to be invested shortly. ...Less

Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is ne ...More

Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The Canadian investor will either sell its CSB stake or merge it with IDBI Bank. ...Less

RBI Governor Sanjay Malhotra said greater clarity on the inflation trajectory is needed before any recali ...More

RBI Governor Sanjay Malhotra said greater clarity on the inflation trajectory is needed before any recalibration of the policy rate, as the central bank remains alert to risks from food, fuel and input costs. The MPC retained the repo rate, with members favouring a wait-and-watch approach amid persistent uncertainties. ...Less

HDFC Bank is considering Kaizad Bharucha as a potential next CEO. The bank is also seeking an external ca ...More

HDFC Bank is considering Kaizad Bharucha as a potential next CEO. The bank is also seeking an external candidate for the top position. This search follows recent leadership changes and governance concerns. Sashidhar Jagdishan's retirement is scheduled for October after his second term. The Reserve Bank of India must approve the final appointment. ...Less

Bank holiday today: In Kerala, banks will remain closed on August 25 and 26 in observance of Onam and Mil ...More

Bank holiday today: In Kerala, banks will remain closed on August 25 and 26 in observance of Onam and Milad-i-Sherif, while several other states will also celebrate Id-E-Milad with a closure on August 26. Despite these holidays, online and mobile banking will be fully operational. Customers are encouraged to plan their branch visits accordingly to ensure a smooth banking experience during these festive days. ...Less

PhonePe has launched a UPI app for feature phones, allowing users to make payments without mobile data. T ...More

PhonePe has launched a UPI app for feature phones, allowing users to make payments without mobile data. The SMS-based PhonePe UPI 123Pay comes pre-installed on select Nokia, HMD, Lava and itel devices. The move targets India’s large feature-phone user base as UPI continues to see record transaction volumes. ...Less

HDFC Bank's Chief Executive Sashidhar Jagdishan will retire in October. He has decided not to seek reappo ...More

HDFC Bank's Chief Executive Sashidhar Jagdishan will retire in October. He has decided not to seek reappointment when his current term ends. The bank's board accepted his decision after persuasion efforts failed. Mr. Jagdishan will step down from his services on October 26, 2026. This announcement was made by the lender in a stock exchange filing. ...Less

The Indian rupee closed at a three-week low of 95.75 on Wednesday. Substantial central bank interventions ...More

The Indian rupee closed at a three-week low of 95.75 on Wednesday. Substantial central bank interventions prevented further losses for the local currency. The RBI has consistently intervened for nine trading sessions, arresting rupee weakness. This action occurred as oil prices continued to soar significantly. Indian equity indices also fell, reflecting the impact of soaring energy costs. ...Less

The Reserve Bank of India is defending the rupee at 95.45 against the dollar. Traders are closely watchin ...More

The Reserve Bank of India is defending the rupee at 95.45 against the dollar. Traders are closely watching crude oil prices amid West Asia crisis concerns. Dollar demand from importers and oil companies is expected to increase significantly. The FCNR(B) deposit drive's final stretch may offer some rupee support. The rupee's movement depends on RBI intervention and cooling oil prices. ...Less

Early Thursday saw a significant sell-off in Indian government bonds as minutes from the central bank's r ...More

Early Thursday saw a significant sell-off in Indian government bonds as minutes from the central bank's recent policy meeting hinted at possible rate hikes. Policymakers conveyed increased concerns about inflationary pressures within the economy. Additionally, soaring oil prices exacerbated anxieties about rising interest rates, potentially putting further strain on the rupee and negatively impacting the inflation forecast. ...Less

SBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closur ...More

SBI Research said the cost of the RBI’s FCNR(B) swap facility is unlikely to have driven its early closure, estimating cumulative hedging costs at USD 10.5 billion over five years. It said mobilisation targets may already have been achieved, with FCNR(B) deposits at USD 52.3 billion as of August 13. ...Less

The RBI’s early closure of its special FCNR(B) deposit swap window has raised concerns over policy certai ...More

The RBI’s early closure of its special FCNR(B) deposit swap window has raised concerns over policy certainty. Banks had mobilised $52.3 billion under the scheme by August 14, prompting the RBI to shut it on August 31 instead of September 30. Bankers say the move could disrupt dollar borrowings and leverage plans, while raising questions about India’s investment-policy predictability. ...Less

Indian banks have raised over seventy-two billion dollars through overseas borrowings. These funds were s ...More

Indian banks have raised over seventy-two billion dollars through overseas borrowings. These funds were secured from non-resident Indians and other loan sources. Banks have been permitted to use these foreign funds for lending to non-resident Indians. The Reserve Bank of India reported sixty-five billion dollars via FCNR deposits. A discounted forex swap facility for banks will close on August thirty-first. ...Less

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The Reserve Bank of India has set specific premature redemption windows for Sovereign Gold Bonds, allowin ...More

The Reserve Bank of India has set specific premature redemption windows for Sovereign Gold Bonds, allowing investors to withdraw funds between October 2026 and March 2027. Applications for early withdrawal must be made through approved channels, such as banks and post offices. It's imperative for investors to pay attention to these official dates to ensure their requests are processed without issues. ...Less

India’s potential inclusion in the Bloomberg Global Aggregate Bond Index remains delayed, not denied, wit ...More

India’s potential inclusion in the Bloomberg Global Aggregate Bond Index remains delayed, not denied, with operational accessibility the key hurdle. Inclusion could attract $15–25 billion in foreign inflows, diversify India’s bond investor base, ease borrowing pressures, and strengthen its global investment appeal. A phased inclusion remains likely, supporting India’s long-term bond-market integration. ...Less

The global grouping celebrates 20 years at the New Delhi summit on September 12-13. A high-level meeting ...More

The global grouping celebrates 20 years at the New Delhi summit on September 12-13. A high-level meeting would be held next week to thrash out mechanisms for use of digital currencies, and explore ways to increase intra-BRICS trade using national currencies, said the people mentioned above. ...Less

The Calcutta High Court disposed of Abhishek Banerjee's petition regarding his frozen bank accounts. His ...More

The Calcutta High Court disposed of Abhishek Banerjee's petition regarding his frozen bank accounts. His accounts and cards were reactivated after submitting required KYC documents to the bank. The court noted that banks should provide notice before blocking customer accounts. The bank stated that Banerjee's account was blocked due to high-risk factors and third-party data. Banerjee's lawyer argued that partial freezing requires repeated reminders and phased action. ...Less

Prime Minister Narendra Modi on Tuesday termed the Unified Payments Interface (UPI) a "major turning poin ...More

Prime Minister Narendra Modi on Tuesday termed the Unified Payments Interface (UPI) a "major turning point" in the country's digital payments journey, as the interface completed 10 years since its launch. ...Less

Axis Bank expects credit growth to exceed industry averages this fiscal year. Strong demand stems from co ...More

Axis Bank expects credit growth to exceed industry averages this fiscal year. Strong demand stems from corporate sectors and retail borrowers seeking gold loans. This credit boom is projected to boost the bank's overall earnings significantly. Axis Bank is also preparing key businesses for potential public listings. The bank aims for sustained credit growth while managing lending margins effectively. ...Less

India's rupee banknotes in circulation significantly outnumber US dollar and Euro notes. The Reserve Bank ...More

India's rupee banknotes in circulation significantly outnumber US dollar and Euro notes. The Reserve Bank of India reports 176 billion rupee notes are currently in use. This volume is driven by a preference for lower-denomination notes and a Clean Note Policy. Physical currency circulation expands at double-digit rates annually, despite digital payment growth. This expansion presents forecasting challenges for the central bank's production planning. ...Less

Local currencies will increasingly drive cross-border trade and payments, reducing costs and improving ef ...More

Local currencies will increasingly drive cross-border trade and payments, reducing costs and improving efficiency. Technology will be leveraged across the entire customer transaction chain for digital origination and reporting. India's foreign exchange reserves have significantly grown, and domestic forex market turnover has doubled recently. The market faces challenges with skewed participation and unauthorized online trading platforms operating outside regulations. ...Less

At the same time, the RBI remains watchful of risks from geopolitics, crude oil prices and global monetar ...More

At the same time, the RBI remains watchful of risks from geopolitics, crude oil prices and global monetary policy developments. ...Less

Senior representatives of some of the country's largest NBFCs met on August 14 to discuss the issues they ...More

Senior representatives of some of the country's largest NBFCs met on August 14 to discuss the issues they intend to raise with the RBI. The lenders will make a formal representation through the Finance Industry Development Council, the industry body representing NBFCs, this week, according to the people. ...Less

Banks must measure financial inclusion by effective usage and informed decisions. Technology shifts and c ...More

Banks must measure financial inclusion by effective usage and informed decisions. Technology shifts and consumer behavior necessitate responsive banking systems. Digital inclusion deepens, and AI helps recognize capability across diverse groups. Institutions need skilled people to challenge models and oversee external providers. Prudence requires pooled intelligence and credible alternatives for system resilience. ...Less

HDFC Bank is searching for a new chief executive officer. The bank faces challenges in integrating its me ...More

HDFC Bank is searching for a new chief executive officer. The bank faces challenges in integrating its merger and reviving retail lending. Its stock has declined significantly this year, impacting investor confidence. The new leader must improve loan growth and core profitability. Kaizad Bharucha is a leading internal candidate for the role. ...Less

Indian banks anticipate stronger net interest income and earnings growth in FY27. This outlook is support ...More

Indian banks anticipate stronger net interest income and earnings growth in FY27. This outlook is supported by robust foreign currency deposit mobilization and healthy credit demand. Systemic credit growth is projected around fifteen percent year-on-year, with FCNR deposits aiding expansion. Asset quality remains stable, and deposit growth has strengthened significantly by end-July. ICICI Securities maintains a positive stance on the banking sector's performance. ...Less

Moving abroad as an NRI? Your PPF account might not need immediate closure. Discover how your contributio ...More

Moving abroad as an NRI? Your PPF account might not need immediate closure. Discover how your contribution, withdrawal, and maturity options change. Understand the crucial differences between becoming an NRI and a foreign citizen, and navigate the tax implications in your new country of residence. ...Less

Puri's Jagannath Temple authorities will conduct the Ratna Bhandar inventory on August 31 and September 1 ...More

Puri's Jagannath Temple authorities will conduct the Ratna Bhandar inventory on August 31 and September 1. These dates were finalized to avoid disrupting daily temple rituals and devotee darshans. The process will meticulously document valuables following the Odisha government's standard operating procedure. Gemologists and RBI officials will join expert goldsmiths for this important verification exercise. ...Less