India's banks are facing increased scrutiny from the Reserve Bank of India regarding rising cyberattacks ...More

India's banks are facing increased scrutiny from the Reserve Bank of India regarding rising cyberattacks and AI risks. Recent incidents include data leaks and unauthorized transfers from customers' accounts at major lenders. The RBI is pushing banks to investigate vulnerabilities, particularly in their application programming interfaces. Cybersecurity agency recently offered training to officials from numerous financial institutions. ...Less

RBI imposes strict regulations on banks to ensure transparency for depositors and investors. However, lis ...More

RBI imposes strict regulations on banks to ensure transparency for depositors and investors. However, listed banks often fail to provide timely disclosure of crucial information to the market. The governance of Public Sector Banks (PSBs) also faces scrutiny due to government influence on board appointments and salary structures. Lack of transparency in bank resolution processes raises questions about RBI's dual role as regulator and resolver. ...Less

The Reserve Bank of India conducted its 625th Central Board meeting under Governor Sanjay Malhotra. The b ...More

The Reserve Bank of India conducted its 625th Central Board meeting under Governor Sanjay Malhotra. The board reviewed economic conditions and potential risks facing India’s economy while evaluating the Deposit Insurance and Credit Guarantee Corporation’s activities. Additionally, the board members participated in the Integrity Pledge as part of Vigilance Week 2026. Deputy Governors and other board members contributed to the discussions during the meeting. ...Less

India’s foreign exchange reserves fell by $1.2 billion to $719.74 billion in the week ended October 24, a ...More

India’s foreign exchange reserves fell by $1.2 billion to $719.74 billion in the week ended October 24, according to the RBI. The decline followed a sharper $5 billion drop in the previous week, when reserves stood at $721.02 billion, indicating continued pressure on the country's foreign exchange kitty. ...Less

Tightening liquidity in the banking system has pushed up short-term borrowing rates, prompting the Reserv ...More

Tightening liquidity in the banking system has pushed up short-term borrowing rates, prompting the Reserve Bank of India (RBI) to inject funds into banks, according to an ICICI Bank report. Meanwhile, rising oil prices and concerns over inflation are putting pressure on government bond yields. The report expects the 10-year benchmark bond yield to trade between 7.40% and 7.60% in the near term. ...Less

The Reserve Bank of India has declared a new interest rate of 7.26% per annum for the Government of India ...More

The Reserve Bank of India has declared a new interest rate of 7.26% per annum for the Government of India Floating Rate Bond 2034, reflecting an increase from the earlier rate of 6.45%. This updated rate will be effective from October 30, 2026, to April 29, 2027, allowing investors to earn more on their six-monthly coupon payments. ...Less

The Reserve Bank of India recorded a net purchase of $43.26 billion in August's foreign exchange market. ...More

The Reserve Bank of India recorded a net purchase of $43.26 billion in August's foreign exchange market. This was done to manage significant dollar inflows from the FCNR(B) scheme and overseas borrowings. Despite the net purchase, foreign exchange reserves did not increase due to large forex sell/buy swaps. By August 31, measures attracted over $127 billion, aiding the RBI's operations. ...Less

The banks, using the easy rupee liquidity created after the inflow of deposits from the diaspora, bought ...More

The banks, using the easy rupee liquidity created after the inflow of deposits from the diaspora, bought dollars and invested the funds in US Treasury bills to earn higher returns. The transaction involved a buy-sell swap, where banks purchased dollars in the spot market and sold dollars in the forward market. The dollars generated through the swaps were deployed in US government papers, whose yields have risen in the past three months. ...Less

The Reserve Bank of India has increased the cut-off yields for treasury bills after canceling a prior auc ...More

The Reserve Bank of India has increased the cut-off yields for treasury bills after canceling a prior auction. Yields of the 91-day, 182-day, and 364-day bills experienced a significant rise. While system liquidity has dropped compared to last month, it still remains in a positive state. Traders are bracing for additional hikes as they face liquidity constraints and high oil prices, with the 10-year yield standing at 7. ...Less

The Supreme Court struck down Yes Bank’s Rs 8,415 crore AT-1 bond write-down as unlawful. The judgment ra ...More

The Supreme Court struck down Yes Bank’s Rs 8,415 crore AT-1 bond write-down as unlawful. The judgment raises questions over the administrator’s conduct and RBI’s role in examining accountability under the applicable legal framework. ...Less

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On Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. Thi ...More

On Tuesday, the Indian rupee experienced a slight strengthening to close at 95.11 against the dollar. This change occurred despite rising oil prices and foreign fund outflows from the market. The Reserve Bank of India is believed to have intervened by selling dollars to stabilize the currency. Traders noted that the prices fluctuated and remained capped near the 95.25 resistance level. ...Less

In its report, SBI said the RBI had consistently signalled its commitment to monetary tightening through ...More

In its report, SBI said the RBI had consistently signalled its commitment to monetary tightening through its policy resolution, the Governor’s statement and the minutes of the Monetary Policy Committee (MPC). The liquidity infusion through repo auctions, however, appeared difficult to reconcile with this approach. ...Less

Addressing the 36th conference of state finance secretaries at the Mint Road, Malhotra appealed the state ...More

Addressing the 36th conference of state finance secretaries at the Mint Road, Malhotra appealed the states to onboard onto the Unified Lending Interface (ULI) and utilise Programmable Central Bank Digital Currency (P-CBDC) for Direct Benefit Transfers (DBT). ...Less

RBI Governor Sanjay Malhotra highlighted concerns regarding emerging cyber threats from artificial intell ...More

RBI Governor Sanjay Malhotra highlighted concerns regarding emerging cyber threats from artificial intelligence in banking systems. Measures are being implemented by banks and the RBI to secure IT infrastructure against these risks. The State Bank of India acknowledged potential data exposure, prompting increased vigilance for customer protection. Malhotra expressed confidence in India's robust forex reserves and external sector resilience amid these challenges. ...Less

The Reserve Bank of India has announced that the SGB 2019-20 Series VI will be eligible for premature red ...More

The Reserve Bank of India has announced that the SGB 2019-20 Series VI will be eligible for premature redemption on October 30, 2026. The redemption price is set at Rs 14,213 per unit, reflecting the average closing price of gold. Originally offered at Rs 3,785 per gram online, investors can expect a remarkable return of 275.51% on their investment, excluding interest. ...Less

The Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial ...More

The Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on third-party cloud providers. Prime Minister Narendra Modi also inaugurated a cybersecurity training institute, which will develop expertise in emerging technologies. The data centre will support critical systems like RTGS and NEFT for efficient financial transactions. ...Less

The Supreme Court has questioned the Reserve Bank of India's effectiveness in preventing digital fraud. F ...More

The Supreme Court has questioned the Reserve Bank of India's effectiveness in preventing digital fraud. Financial institutions must be held accountable for their role in cybercrime under new regulations. A mandatory liability clause is essential to ensure victims are compensated for losses. The court emphasizes that banks should enhance preventive measures against unusual transactions. The Attorney General mentioned that the RBI is working on regulations to address these issues. ...Less

The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bonds. These bonds ca ...More

The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bonds. These bonds can be redeemed prematurely starting from November 2, 2026. The redemption price is calculated based on the average closing price of gold over the last three working days. ...Less

The RBI has tightened how banks calculate leverage by widening the measurement of derivatives, repo trans ...More

The RBI has tightened how banks calculate leverage by widening the measurement of derivatives, repo transactions and off-balance-sheet exposures, while retaining the minimum ratios at 4% for systemically important banks and 3.5% for others. The norms, effective April 1, 2027, also strengthen disclosure requirements and restrict the use of collateral and netting to reduce reported exposures. ...Less

RBI Governor Sanjay Malhotra explains the need for Tata Sons to register as an upper-layer NBFC. Large NB ...More

RBI Governor Sanjay Malhotra explains the need for Tata Sons to register as an upper-layer NBFC. Large NBFCs handling public funds are required to follow specific regulations, including mandatory listing. This classification stems from the systemic risks posed by financial leverage within group companies. Malhotra emphasizes the RBI's commitment to price stability and economic growth amidst stable inflation levels. ...Less

Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to extern ...More

Reserve Bank Deputy Governor Poonam Gupta indicated that India's real GDP growth fell short due to external shocks. She highlighted that India has managed over 7 percent growth despite challenging circumstances in recent years. Additionally, Gupta expressed confidence that improved global conditions could enhance growth by another percentage point. She discussed the importance of diversifying economic activities to mitigate risks and emphasized that food security remains stable amid El Nino. ...Less

Prime Minister Narendra Modi is set to inaugurate the Reserve Bank of India's state-of-the-art data centr ...More

Prime Minister Narendra Modi is set to inaugurate the Reserve Bank of India's state-of-the-art data centre and Cybersecurity Training Institute on Sunday. This initiative aims to bolster Odisha’s digital framework and elevate national financial security. Situated in Jatni, the facility is designed to support crucial payment and settlement operations. With 2,100 police personnel and traffic regulations in place, this visit marks Modi's ninth trip to Odisha since 2024. ...Less

India's external sector shows resilience due to a narrowing trade gap and comfortable foreign exchange re ...More

India's external sector shows resilience due to a narrowing trade gap and comfortable foreign exchange reserves. Inflationary pressures have intensified due to geopolitical tensions and supply-side bottlenecks. The RBI reported an increase in both industry and services indicators, showcasing economic strength. The IMF has revised India's growth projection for 2026-27 to 7% based on resilient domestic demand. Global financial volatility has increased amid global challenges and rising inflation risks. ...Less

The Reserve Bank of India has announced the premature redemption price for the Sovereign Gold Bond 2020-2 ...More

The Reserve Bank of India has announced the premature redemption price for the Sovereign Gold Bond 2020-21 Series I, permitting investors to redeem on October 28, 2026. The chosen redemption price stands at Rs 14,159 per unit, showcasing a notable return on investment. ...Less

Banks have approached the International Financial Services Centres Authority regarding sustainable lendin ...More

Banks have approached the International Financial Services Centres Authority regarding sustainable lending targets for international banking units. The request stems from a significant rise in Foreign Currency Non-Resident deposits at GIFT City. These deposits have surged following the Reserve Bank of India's swap facility introduced in June. It is expected that the IFSCA may provide similar exemptions as the RBI has done before. ...Less

The RBI has asked financial entities to remove management and administrative interfaces from public inter ...More

The RBI has asked financial entities to remove management and administrative interfaces from public internet access, enforce multi-factor authentication for administrative access, and restrict access to cloud and backend systems on a least-privilege basis. The measures include auditing source code, repositories, configuration files, client applications and cloud storage for exposed credentials, and immediately rotating and purging compromised credentials. ...Less

The government on Friday constituted a High Level Committee on Banking for Viksit Bharat, appointing form ...More

The government on Friday constituted a High Level Committee on Banking for Viksit Bharat, appointing former Central Vigilance Commissioner Suresh N Patel as its chairman. RBI Deputy Governor Shirish Chandra Murmu, former Indian Bank MD and CEO Padmaja Chunduru and former RBI Deputy Governor N S Vishwanathan are among its members. ...Less

The Reserve Bank of India is anticipated to raise the repo rate to 6.25% by mid-2027. This increase is dr ...More

The Reserve Bank of India is anticipated to raise the repo rate to 6.25% by mid-2027. This increase is driven by persistent inflationary pressures and robust economic growth expectations. Deutsche Bank forecasts an average consumer price index inflation of 6% in late 2026, stabilizing to 4.7% by FY28. India's GDP growth is projected above 7% for both FY27 and FY28. ...Less

In September, public sector banks cut their interest rates on fresh term deposits by 10 basis points. Pri ...More

In September, public sector banks cut their interest rates on fresh term deposits by 10 basis points. Private sector banks only reduced their rates by six basis points during the same period. Fresh rupee loan rates declined by six basis points at public sector banks while private banks maintained their rates. The weighted average lending rate for fresh loans fell to 8.51% from 8.61% in August. ...Less

The Indian rupee closed at 95.22, reflecting a minor drop attributed to ongoing market pressures. With tr ...More

The Indian rupee closed at 95.22, reflecting a minor drop attributed to ongoing market pressures. With traders exercising caution ahead of the critical decision from the US Federal Reserve, the prevailing demand for dollars and high oil prices are weighing on the currency's stability. Throughout the trading session, the rupee oscillated between 95.25 and 95.00, with the Reserve Bank of India likely stepping in to prevent further declines beyond 95.25. ...Less

Prime Minister Narendra Modi inaugurated the newly established Reserve Bank of India's data centre and Cy ...More

Prime Minister Narendra Modi inaugurated the newly established Reserve Bank of India's data centre and Cybersecurity Training Institute in Bhubaneswar. The investment for these facilities was Rs 169 crore, aimed at enhancing technological infrastructure. The data centre holds Uptime Institute's Tier IV certification, which ensures resilience in data handling. The Cybersecurity Training Institute will focus on emerging technologies and research in the banking sector. ...Less

India's monetary policy is now shaped by the interest rate gap with major developed economies and rising ...More

India's monetary policy is now shaped by the interest rate gap with major developed economies and rising inflation. The Reserve Bank of India is concerned about inflation risks and input cost increases. Recent GDP growth figures indicate resilience supported by strong private consumption and exports. YES Bank predicts a cumulative rate hike of 50 basis points by the RBI. ...Less

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank does not target any ...More

Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said the central bank does not target any specific exchange rate or level for the rupee against the US dollar, stressing that its primary objective is to ensure orderly conditions in the foreign exchange market and prevent excessive volatility. ...Less

Reserve Bank of India has significantly reduced banking system liquidity from a peak surplus in a short t ...More

Reserve Bank of India has significantly reduced banking system liquidity from a peak surplus in a short time. Liquidity surged after banks received funds from overseas Indians under the FCNR(B) scheme. The central bank utilized reverse repo auctions and cash reserve ratio adjustments to absorb this surplus effectively. As overnight rates increased following these liquidity measures, RBI temporarily infused funds to manage sharp rate rises. ...Less

Indian banks have seen their excess funds drop significantly as the Reserve Bank of India maintains liqui ...More

Indian banks have seen their excess funds drop significantly as the Reserve Bank of India maintains liquidity tightness. This monetary policy is aimed at curbing speculation against the rupee, which has reached critical levels. The central bank has provided limited liquidity support and capped assistance at 1.5 trillion rupees. Consequently, overnight borrowing rates have risen close to the top of the monetary policy range. ...Less

Investors must position fixed income portfolio for further rate hikes. But this cycle may look different. ...More

Investors must position fixed income portfolio for further rate hikes. But this cycle may look different. ...Less

India's central bank governor said on Friday non-bank finance companies classified in the upper layer are ...More

India's central bank governor said on Friday non-bank finance companies classified in the upper layer are required to list on the stock market, reiterating the Reserve Bank of India's stance on the listing of Tata Sons without commenting directly on the company. ...Less

Struggling with credit card debt in India? Compare the avalanche and snowball methods, personal loan cons ...More

Struggling with credit card debt in India? Compare the avalanche and snowball methods, personal loan consolidation, EMI conversion and one-time settlement, plus your RBI rights. ...Less

Bank credit expanded significantly, reaching Rs 232.54 lakh crore by mid-October 2026, showing a strong 1 ...More

Bank credit expanded significantly, reaching Rs 232.54 lakh crore by mid-October 2026, showing a strong 17.94 percent growth. In contrast, bank deposits increased to Rs 284.37 lakh crore, marking a 16.60 percent rise. This growth was fueled by increased liquidity in the banking system and festive season demand. Additionally, commercial banks saw a 9.64 percent rise in government securities, totaling Rs 77.32 lakh crore. ...Less

By the close of September, loans against fixed deposits experienced a striking 53% year-on-year spike, re ...More

By the close of September, loans against fixed deposits experienced a striking 53% year-on-year spike, reaching Rs 2.17 lakh crore. The demand for gold loans soared to an astonishing 82.6% increase, showcasing robust customer interest throughout India. Personal loans appreciated by 17.3%, hitting Rs 74.3 lakh crore, complemented by growth in agricultural and industrial credits. Overall, the banking sector reported a 19.4% expansion in total credit, amounting to Rs 229. ...Less

Due to various holiday celebrations, bank branchesin some states will not be open today as per the Reserv ...More

Due to various holiday celebrations, bank branchesin some states will not be open today as per the Reserve Bank of India's schedule for October 2026, which includes Laxmi Puja and Maharishi Valmiki's Birthday. ...Less

Unified Fintech Forum is developing a framework to encourage best practices among technology service prov ...More

Unified Fintech Forum is developing a framework to encourage best practices among technology service providers. This initiative aims to improve cybersecurity preparedness and operational resilience in the fintech sector. Banks and fintech companies increasingly rely on third-party vendors for various services and their failures can impact regulated entities. Registration with the Forum may provide these vendors with preference during selection by financial institutions. ...Less

Indian government bonds ended October with losses, marking a fourth consecutive decline in bond yields. B ...More

Indian government bonds ended October with losses, marking a fourth consecutive decline in bond yields. Brent crude oil prices surged, raising inflation concerns for the country. The Reserve Bank of India raised its policy rate for the first time in nearly four years this month. Foreign investments in Indian bonds fell to a four-month low, causing further concerns about the rupee's performance. ...Less

The Reserve Bank of India has announced final leverage ratio requirements for commercial banks, to be imp ...More

The Reserve Bank of India has announced final leverage ratio requirements for commercial banks, to be implemented starting April 1, 2027. Domestic systemically important banks must maintain a minimum leverage ratio of 4%, while other commercial banks need a ratio of 3.5%. Branches of global systemically important banks will also have specific requirements. Feedback from banks was reviewed and modifications were made before finalizing the rules. ...Less

Banks in India will generally remain open on Thursday, October 29, for Karwa Chauth celebrations. Only ba ...More

Banks in India will generally remain open on Thursday, October 29, for Karwa Chauth celebrations. Only bank branches in Shimla, Himachal Pradesh, are set to close for the festival. Customers in cities like Delhi, Mumbai, and Bengaluru should verify their local branch's holiday status beforehand. Digital banking services, including mobile banking and ATMs, will remain accessible even if branches are closed. ...Less

In India, it's essential for policymakers to harmonize growth output with inflation expectations. Niti Aa ...More

In India, it's essential for policymakers to harmonize growth output with inflation expectations. Niti Aayog’s Ashok Lahiri pointed out the importance of addressing inflation alongside job creation. He urged banks to play a pivotal role in linking enterprises with financial support and investment options. To capitalize on its natural resources, West Bengal must focus on industry attraction, while effective land acquisition and good infrastructure remain key for business development. ...Less

In the current economic climate, AAA-rated corporations are opting to secure financing via the bond marke ...More

In the current economic climate, AAA-rated corporations are opting to secure financing via the bond market, finding it more cost-effective than traditional bank loans. The recent interest rate hikes by the Reserve Bank of India have further enhanced the appeal of bonds. Companies like REC and SIDBI have successfully tapped into this market. ...Less

RBI Governor Sanjay Malhotra highlighted the challenges faced by central banks due to global uncertaintie ...More

RBI Governor Sanjay Malhotra highlighted the challenges faced by central banks due to global uncertainties and supply chain issues. He noted the elevated global inflation and lower growth forecasts impacting monetary policy decisions worldwide. India entered this phase with strong macroeconomic fundamentals, maintaining growth at 7.8% despite rising inflation levels. The RBI's goal remains to achieve price stability while ensuring financial market order and health. ...Less

In early trade, the rupee appreciated by 4 paise to 95.03 against the US dollar amid persistent pressures ...More

In early trade, the rupee appreciated by 4 paise to 95.03 against the US dollar amid persistent pressures. Forex traders cited strong dollar influence and elevated Brent crude oil prices, which were near USD 115 per barrel. Analysts expect the rupee to continue facing challenges amid macroeconomic factors and await RBI interventions. Investors are keenly observing the FOMC decision and any guidance from the Fed Chair. ...Less

Raghuram Rajan said India should avoid aggressively defending the rupee amid the current depreciation spr ...More

Raghuram Rajan said India should avoid aggressively defending the rupee amid the current depreciation spree, stressing that a weaker rupee could only benefit India. The former RBI Governor cautioned against excessive use of foreign exchange reserves to maintain a specific exchange rate level. ...Less

In this episode of ETMarkets Smart Talk, Suyash Choudhary, CIO–Fixed Income at Bandhan AMC, explains why ...More

In this episode of ETMarkets Smart Talk, Suyash Choudhary, CIO–Fixed Income at Bandhan AMC, explains why Indian bond yields could rise further over the next few months and why investors should avoid aggressive bets on duration and credit risk. ...Less

The country received $113.029 billion under this head during the three months while it paid $59.637 billi ...More

The country received $113.029 billion under this head during the three months while it paid $59.637 billion, the data showed. September saw the biggest surplus at $19.208 billion while it was $17.647 billion and $16.537 billion in July and August respectively. ...Less

Images of a purported Rs 1,000 yellow currency note have circulated on social media recently. Claims stat ...More

Images of a purported Rs 1,000 yellow currency note have circulated on social media recently. Claims state that the note is new or will be introduced soon on the 15th. PIB Fact Check has clarified that no announcement from the Reserve Bank of India supports this claim. The agency has advised the public to verify information through official sources before sharing it. ...Less

The Indian rupee had a day of modest variability against the dollar on Tuesday, finishing the day almost ...More

The Indian rupee had a day of modest variability against the dollar on Tuesday, finishing the day almost unchanged. Major external challenges, including escalating oil prices and considerable equity outflows, are to blame. The Reserve Bank of India has actively sought to stabilize the rupee's position. In light of current economic dynamics, investors are taking this opportunity to revisit their portfolio strategies, while mounting U.S. ...Less

Yields on India's battered government bonds may be approaching territory that more investors consider a " ...More

Yields on India's battered government bonds may be approaching territory that more investors consider a "buy", with that on the benchmark 10-year approaching 7.50%, a level not seen in four years. ...Less

Maharashtra Chief Minister Devendra Fadnavis announced efforts to halt forceful loan recoveries by microf ...More

Maharashtra Chief Minister Devendra Fadnavis announced efforts to halt forceful loan recoveries by microfinance companies affecting farmers. As drought conditions worsen, the state government will provide Rs 5,000 relief to farmers during Diwali. The government approved Rs 1.5 lakh crore for additional assistance while ensuring direct fund transfers to farmers. Deputy Chief Minister Eknath Shinde confirmed that multiple benefits would be offered to farmers declared under drought. ...Less

An analysis of 10 banks shows that reported deposit growth averaged 21.1% year-on-year during July-Septem ...More

An analysis of 10 banks shows that reported deposit growth averaged 21.1% year-on-year during July-September. However, excluding the special foreign currency inflows, domestic deposit growth was estimated at just 12.2%-a massive gap of nearly nine percentage points. ...Less

Shaktikanta Das highlighted the essential role of the BFSI sector in financing infrastructure and new man ...More

Shaktikanta Das highlighted the essential role of the BFSI sector in financing infrastructure and new manufacturing. He emphasized the need for funding micro, small and medium enterprises as well as agriculture. Das proposed utilizing digital financial channels for efficient credit underwriting and financial inclusion. The segment must adapt to support next-gen Digital Public Infrastructure and sustainable finance. ...Less

Indian companies have sought to raise a total of $8.13 billion in external commercial borrowings. This am ...More

Indian companies have sought to raise a total of $8.13 billion in external commercial borrowings. This amount represents a 6% increase from the previous month's $7.70 billion. Notable proposals include Flipkart Internet Pvt Ltd aiming for $1.14 billion through a foreign loan. Additionally, the Power Finance Corporation and several other firms are looking to raise significant amounts for various purposes. ...Less

State Bank of India chairman CS Setty noted that upcoming rate hikes could affect discretionary consumpti ...More

State Bank of India chairman CS Setty noted that upcoming rate hikes could affect discretionary consumption demand. He highlighted that retail asset quality is expected to remain stable at the system level. Setty indicated a projected 0.50 percent rate hike in December, followed by a pause in February. Additionally, he discussed plans for a new version of the Yono app aimed at Jan Dhan account holders. ...Less

Bank holidays in November 2026 will vary across Indian states based on local festivals. Customers must ch ...More

Bank holidays in November 2026 will vary across Indian states based on local festivals. Customers must check specific holiday schedules before visiting bank branches to avoid inconvenience. Some notable holidays include Diwali, Wangala festival, and Chhath Puja, affecting different states. The Reserve Bank of India has outlined specific closure dates for scheduled banks. Both scheduled and non-scheduled banks observe holidays on specific Saturdays as per the RBI calendar. ...Less

Strong macroeconomic fundamentals continue to support the Indian economy against global inflation and tra ...More

Strong macroeconomic fundamentals continue to support the Indian economy against global inflation and trade tensions. Recent geopolitical frictions have resulted in increased prices and supply chain issues, leading to policy changes. Currency fluctuations were observed, but measures by the Reserve Bank helped stabilize the rupee recently. Foreign Direct Investment remains robust, driven by significant inflows from major sources like the US and Singapore. ...Less

Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches b ...More

Indian Overseas Bank plans to raise $500 million through external commercial borrowings in two tranches by December. The lender reported a 56% rise in Q2 net profit to Rs 1,912 crore, alongside stronger credit growth and improved asset quality. ...Less

The Reserve Bank of India imposed restrictions on Puducherry Co-operative Urban Bank due to financial ins ...More

The Reserve Bank of India imposed restrictions on Puducherry Co-operative Urban Bank due to financial instability. Customers are limited to withdrawals of Rs 5,000 over the next six months. The bank's recent lack of compliance with supervisory concerns prompted these regulatory actions. Eligible depositors can claim up to Rs 5 lakh through the Deposit Insurance and Credit Guarantee Corporation. ...Less

RBI study indicates that combining night-time light data with Google search trends can improve state econ ...More

RBI study indicates that combining night-time light data with Google search trends can improve state economic growth estimates. Researchers tested their model in Gujarat, Maharashtra, and Karnataka, showing significant reductions in forecasting errors. This framework could help provide timely economic insights, as state data is often delayed. Night-time illumination proved to be a strong predictor of Gross State Value Added growth. ...Less

The Indian economy is projected to maintain a growth rate of 7.1% for the year 2026-27. This projection i ...More

The Indian economy is projected to maintain a growth rate of 7.1% for the year 2026-27. This projection is an increase from the previously estimated 6.7%. RBI governor Sanjay Malhotra noted that inflationary pressures are rising, which could impact the growth outlook. Despite turbulent global conditions, India's economic resilience has been remarkable according to the governor. ...Less

India is projected to be the only emerging market economy among nine economies with gross domestic produc ...More

India is projected to be the only emerging market economy among nine economies with gross domestic product (GDP) exceeding USD 1 trillion to reduce its government debt-to-GDP ratio between 2025 and 2031, Reserve Bank of India Deputy Governor Poonam Gupta said, highlighting the country's stronger fiscal position amid rising global debt and borrowing costs. ...Less

Noel Tata sends two letters to Tata Sons Board today: to examine a Rs 25,000 crore funding request from m ...More

Noel Tata sends two letters to Tata Sons Board today: to examine a Rs 25,000 crore funding request from minority shareholder Shapoorji Pallonji (SP) Group through a proposed capital reduction and detailed evaluation of a restructuring proposal made by Sir Dorabji Tata Trust and Sir Ratan Tata Trust on September 28 to merge two operating subsidiaries, Tata Electronic Systems Solutions (TESS) and Tata Consulting Engineers (TCE), with Tata Sons. ...Less

The rupee appreciated by 7 paise, settling at 95.19 against the US dollar, influenced by a declining doll ...More

The rupee appreciated by 7 paise, settling at 95.19 against the US dollar, influenced by a declining dollar. Brent crude's lower trading prices, however, constrained further gains. The dollar index fell by 0.27 percent, reflecting decreased demand. Investors are observing geopolitical developments and domestic equity trends for potential consequences, while the IMF advises greater exchange rate flexibility to tackle energy-related economic challenges. ...Less

The United Forum of IDBI Officers and Employees has opposed the planned sale of IDBI Bank's majority stak ...More

The United Forum of IDBI Officers and Employees has opposed the planned sale of IDBI Bank's majority stake. They have requested an immediate suspension of the sale process due to market volatility. The forum argues that the decision lacks adequate justification and transparency. They are calling for a comprehensive review under parliamentary scrutiny, emphasizing the need for caution. ...Less

On Monday, the RBI announced a Rs 1-lakh-crore variable rate repo (VRR) auction for the first time since ...More

On Monday, the RBI announced a Rs 1-lakh-crore variable rate repo (VRR) auction for the first time since late July after the weighted average call rate (WACR) at 5.67% on Monday, or 17 basis points higher than the repo rate of 5.50%. The central bank will conduct another VRR for Rs 50,000 crore on Wednesday. ...Less

Noel Tata has asked the Tata Sons board to examine Shapoorji Pallonji Group's Rs 25,000-crore funding pro ...More

Noel Tata has asked the Tata Sons board to examine Shapoorji Pallonji Group's Rs 25,000-crore funding proposal through a capital reduction and separately evaluate Tata Trusts' restructuring plan to preserve the holding company's unlisted status. Both proposals are slated for discussion at the November 26 board meeting. ...Less

Indian government bonds increased on Thursday due to support from a rally in Treasuries and lower oil pri ...More

Indian government bonds increased on Thursday due to support from a rally in Treasuries and lower oil prices. However, the upcoming large bond sale and a weak rupee limited the extent of the gains observed. The benchmark 6.94% 2036 bond yield fell slightly below the significant 7.40% level during early trading hours. Meanwhile, the Reserve Bank of India previously raised the repo rate amid ongoing inflation concerns. ...Less

The rupee closed at 94.93 against the US dollar, marking a gain of 33 paise. Positive trends in domestic ...More

The rupee closed at 94.93 against the US dollar, marking a gain of 33 paise. Positive trends in domestic markets contributed to this improvement, despite elevated crude oil prices. Foreign Institutional Investors sold equities worth Rs 943.60 crore on a net basis. The IMF advocated for exchange rate flexibility in response to energy shocks affecting the Indian economy. ...Less

Liquidity surplus in the banking system was reported at ₹541 crore as of October 21. Banks have increased ...More

Liquidity surplus in the banking system was reported at ₹541 crore as of October 21. Banks have increased fund parking to meet their daily cash reserve requirements of 99%. The weighted average call rate (WACR) rose to 5.65%, which is 15 bps higher than the repo rate. The Reserve Bank of India conducted variable rate repo operations to manage systemic liquidity. ...Less

Indian retail investors are increasingly venturing into global markets, significantly boosting their over ...More

Indian retail investors are increasingly venturing into global markets, significantly boosting their overseas investments. In response, domestic asset managers are introducing new funds to meet the rising demand for international exposure. With the Reserve Bank of India's limits on overseas investments nearing their cap, many investors are exploring tax-friendly locations like GIFT City. ...Less

Bank holiday tomorrow, October 26, 2026, will affect select cities, including Agartala, Chandigarh, Jammu ...More

Bank holiday tomorrow, October 26, 2026, will affect select cities, including Agartala, Chandigarh, Jammu, Shimla and Srinagar, for regional observances. Banks are not scheduled to close nationwide. Check the state-wise list to see where branches are expected to remain shut and whether your local bank is likely to operate as usual. ...Less

"All superintendents of police have been instructed to immediately file a case if anyone (microfinance co ...More

"All superintendents of police have been instructed to immediately file a case if anyone (microfinance companies) is found harassing any farmer for repayment of dues. We have told them that if they find that microfinance companies are threatening or using force against farmers, they should take action and file a case against their top officials. The state government has taken a decision in this regard," said the chief minister. ...Less

On Monday, the Indian rupee dropped to 95.18 against the dollar amid rising oil prices. Importer demand f ...More

On Monday, the Indian rupee dropped to 95.18 against the dollar amid rising oil prices. Importer demand for dollars continued, despite increased hedging costs observed in the market. The Reserve Bank of India has implemented measures to stabilize the rupee but is less active in intervention. Without foreign inflows, the rupee faces challenges as oil prices remain elevated. Expected trading for the rupee is between 95 and 95. ...Less

Bank lending witnessed a significant surge during April-August FY27, contributing to financial resources ...More

Bank lending witnessed a significant surge during April-August FY27, contributing to financial resources for businesses. Non-food bank credit rose to Rs 9.8 lakh crore, indicating strong lending activity across major sectors. In contrast, corporate bond issuances fell sharply amid rising bond yields, highlighting a shift in funding trends. Overall bank credit growth registered an increase of 21.6 percent, supported by strong demand across various industries. ...Less

Indian investors are turning to global funds as domestic market performance remains weak and opportunitie ...More

Indian investors are turning to global funds as domestic market performance remains weak and opportunities abroad increase. A surge in overseas investments, particularly in AI-related assets, has been noted recently. Fund managers are launching various international funds to cater to this growing demand. Regulatory limits on overseas investments are in place, but tax-neutral hubs offer solutions. ...Less

The Reserve Bank of India is implementing stricter scrutiny on large overseas direct investments by India ...More

The Reserve Bank of India is implementing stricter scrutiny on large overseas direct investments by Indian companies. Banks must now collect and present detailed information regarding these investments to the RBI. This initiative aims to prevent potential losses for both the companies and the Indian economy. The RBI's checklist requires banks to conduct thorough due diligence on the rationale behind each investment. ...Less

Mutual fund experts posit that aggressive debt investors might want to consider gilt funds as a way to ob ...More

Mutual fund experts posit that aggressive debt investors might want to consider gilt funds as a way to obtain superior returns. As interest rates decline, the prospect of double-digit returns from these funds becomes more plausible. Nevertheless, gilt funds carry risks linked to interest rate fluctuations, making them appropriate only for savvy investors. Aiming for a long-term horizon is crucial, and monitoring rate shifts is highly advised. ...Less

Reserve Bank of India (RBI) Governor Sanjay Malhotra said the duration and extent of the rate hike cycle ...More

Reserve Bank of India (RBI) Governor Sanjay Malhotra said the duration and extent of the rate hike cycle will be contingent on the actual growth-inflation developments and outlook. The governor and other five Monetary Policy Committee (MPC) members voted to raise the repo rate by 25 bps to 5.5 per cent. The rate was hiked after a gap of nearly four years. He noted that there are increasing signs of generalisation of inflation. ...Less

PN Vasudevan's recent announcement of his resignation as managing director of Equitas Small Finance Bank ...More

PN Vasudevan's recent announcement of his resignation as managing director of Equitas Small Finance Bank highlights pressing concerns over a conflict of interest involving his daughter's NBFC. Following the news, the bank's shares experienced a drastic dip yet managed a partial recovery before settling lower. This comes on the heels of the bank's impressive Q2 net profit growth, showcasing its strong operational health. ...Less

Outward foreign direct investment from India reached $4.34 billion in September, which is a 14% increase ...More

Outward foreign direct investment from India reached $4.34 billion in September, which is a 14% increase from last year. However, this figure reflects a 37% decrease from the previous month. Equity commitments decreased by 20% compared to August, totaling $3.26 billion. Loans to overseas subsidiaries rose slightly, reaching $549 million in September. Several companies, including Sun Pharma, led the equity outflows with significant investments. ...Less

K T Rama Rao raised concerns regarding the proposed sale of IDBI Bank to Fairfax Financial Holdings. He h ...More

K T Rama Rao raised concerns regarding the proposed sale of IDBI Bank to Fairfax Financial Holdings. He highlighted potential undervaluation and transparency issues in the bidding process. Rao questioned the assessment of the bank's prime real estate assets in Hyderabad. Concerns from IDBI Bank employees about the sale have reportedly not been addressed by the Union Government. ...Less

In a recent statement, the Central Bank of India reassured customers that a technical issue with its RTGS ...More

In a recent statement, the Central Bank of India reassured customers that a technical issue with its RTGS server did not compromise account safety. Allegedly, 187 transactions involved 36 separate accounts. RTGS services have since been restored without further complications. ...Less

The Supreme Court has highlighted banks' accountability regarding digital fraud, asserting that victims d ...More

The Supreme Court has highlighted banks' accountability regarding digital fraud, asserting that victims deserve compensation for losses due to banks' lack of diligence. It called for enhanced preventive measures to spot suspicious transactions. Attorney General R Venkataramani remarked on a significant decrease in reported digital scams this year, but the court maintained that financial losses from cybercrime remain a pressing concern for the public. ...Less

Das said the BFSI sector has a crucial role to play in India's journey from a lower-middle-income economy ...More

Das said the BFSI sector has a crucial role to play in India's journey from a lower-middle-income economy to a high-income economy, through its intermediation in allocation of financial resources. He said the sector would be required to support India's next-gen Digital Public Infrastructure (DPI), be the frontline of green and transition finance and become the catalyst for democratising financial inclusion to support this journey. ...Less

The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% ...More

The finance ministry’s nowcasting model estimates India’s GDP will grow 7.35% in Q2 FY27, following 7.8% growth in the previous quarter, supported by stronger industrial output, energy consumption, port traffic, GST collections and automobile sales. ...Less

In early trade, Indian government bonds improved as oil prices found stability after last week's surge. T ...More

In early trade, Indian government bonds improved as oil prices found stability after last week's surge. Traders remained cautious ahead of a significant policy decision by the US Federal Reserve on Wednesday. India's bond yields decreased slightly, although overall demand for longer maturities has declined amid inflation concerns. The Indian rupee remained stable as fears of further rate hikes from the Reserve Bank of India persisted. ...Less

Indian government bonds experienced a decline as the benchmark yield exceeded 7.45% on Thursday. Oil pric ...More

Indian government bonds experienced a decline as the benchmark yield exceeded 7.45% on Thursday. Oil prices rose significantly, reaching $112.50 per barrel in Asian trading amid geopolitical tensions. The Reserve Bank of India has raised its repo rate to 5.50%, indicating a potential for further hikes. Inflation concerns are mounting, with expectations for retail inflation to surpass the central bank's tolerance limit. ...Less

Indian government bonds are witnessing a resurgence despite previous instability, as the benchmark 10-yea ...More

Indian government bonds are witnessing a resurgence despite previous instability, as the benchmark 10-year yield has notably decreased. Brent crude prices varied between $114.40 and $117 a barrel during Asian trading. These fluctuations within the debt market have uplifted investor sentiments, and the Indian rupee appears to be stabilizing, contributing positively. ...Less

The Indian rupee declined for three consecutive trading sessions due to increased dollar buying by import ...More

The Indian rupee declined for three consecutive trading sessions due to increased dollar buying by importers. Elevated oil prices and foreign outflows have contributed to the weakness in the local currency. Brent crude oil prices have risen significantly, raising concerns over inflation and import costs. Foreign investors have been net sellers of Indian equities, adding to market pressures. ...Less

Public sector banks are experiencing stronger net interest margin growth compared to their private counte ...More

Public sector banks are experiencing stronger net interest margin growth compared to their private counterparts this quarter. Despite facing margin pressures, private banks continue to show growth in profits and loan portfolios. The rising costs associated with funding and foreign currency deposits are impacting private banks' profitability. Corporate loan advances are increasing faster than retail loans across multiple private institutions. ...Less

RBI's Monetary Policy Committee raised the benchmark repo rate by 25 basis points to address rising infla ...More

RBI's Monetary Policy Committee raised the benchmark repo rate by 25 basis points to address rising inflation concerns. Governor Sanjay Malhotra indicated a generalisation of inflation, with many commodities exceeding 4% inflation. Deputy Governor Poonam Gupta highlighted the influence of external supply-side shocks on inflation projections. External members expressed concerns about the implications of an aggressive rate hike on economic growth. ...Less

United Forum of IDBI Officers and Employees has expressed opposition to the proposed sale of IDBI Bank. C ...More

United Forum of IDBI Officers and Employees has expressed opposition to the proposed sale of IDBI Bank. Concerns include potential undervaluation of the bank's assets and the need for public scrutiny. The government plans to transfer a significant stake in IDBI Bank to Fairfax Financial Holdings. This transaction, valued at approximately Rs 53,000 crore, has raised fundamental questions about social responsibilities. ...Less