RBI has ordered the removal of Maharashtra Cooperation Minister Babasaheb Patil and seven other directors ...More

RBI has ordered the removal of Maharashtra Cooperation Minister Babasaheb Patil and seven other directors from Latur District Central Cooperative Bank for exceeding the 10-year tenure limit under banking law. The action followed a Bombay High Court direction to RBI to decide a complaint against the directors. ...Less

The rising interest rates announced by the US Federal Reserve have led to a dip in Indian government bond ...More

The rising interest rates announced by the US Federal Reserve have led to a dip in Indian government bonds, adding urgency for the Reserve Bank of India to reassess its monetary policy strategies. With investor confidence dwindling ahead of the RBI's scheduled debt sale, market analysts are increasingly predicting an October rate hike, with some banks adjusting their predictions. ...Less

The rupee is expected to trade within a narrow range over the medium term. Stepped-up Reserve Bank of Ind ...More

The rupee is expected to trade within a narrow range over the medium term. Stepped-up Reserve Bank of India interventions have helped curb volatility significantly. Stronger dollar inflows via the FCNR(B) scheme also contributed to this stability. The central bank's substantial foreign exchange reserves provide confidence in its intervention capabilities. Traders anticipate subdued near-term volatility as the RBI manages market imbalances. ...Less

The Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions c ...More

The Supreme Court mandated the RBI to enforce lawful vehicle repossession rules. Financial institutions cannot seize vehicles without due legal process. The court ordered a finance firm to close loan accounts and refund money. Compensation was awarded for mental agony and livelihood loss. This ruling ensures borrowers are not dispossessed of vehicles arbitrarily. ...Less

The RBI's MDR introduction on UPI transactions above ₹2,000 faces criticism. This move may discourage dig ...More

The RBI's MDR introduction on UPI transactions above ₹2,000 faces criticism. This move may discourage digital payments and encourage a return to cash. Savings from reduced currency printing should cover fintech expenses instead. Digital payments have significantly reduced RBI's currency printing expenditure. Incentivizing digital payments is crucial for curbing the parallel economy. ...Less

In a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Disco ...More

In a recent statement, RBI Deputy Governor Shirish Chandra Murmu clarified that adopting a Merchant Discount Rate won't necessarily encourage more cash transactions. He highlighted the intriguing trend where digital transactions grow while cash circulation also rises, asserting that cash fulfills dual purposes as a transaction method and a valuable resource. ...Less

Tata Sons board meets Thursday with legal opinions on RBI listing directive and chairman's reappointment. ...More

Tata Sons board meets Thursday with legal opinions on RBI listing directive and chairman's reappointment. The nomination committee seeks N Chandrasekaran's reappointment for another five years. Voting rights of Tata Trusts nominees and chairman are under close examination. The board is expected to accept the RBI directive, avoiding a contentious meeting. Preparations for a public listing will begin if the directive is operationalized. ...Less

A record Rs.10 trillion-plus surplus is lowering borrowing costs, but complicating RBI’s inflation fight. ...More

A record Rs.10 trillion-plus surplus is lowering borrowing costs, but complicating RBI’s inflation fight. ...Less

Tata Sons has started preparing for a potential stock market listing after the RBI directed it to comply ...More

Tata Sons has started preparing for a potential stock market listing after the RBI directed it to comply with regulations for upper-layer NBFCs, with February 2027 emerging as an internal working target, people familiar with the matter said. ...Less

The US Federal Reserve’s first rate hike since 2023 has added to pressure on India, with the rupee breach ...More

The US Federal Reserve’s first rate hike since 2023 has added to pressure on India, with the rupee breaching 96 against the dollar and economists increasingly debating when the RBI could follow with a hike of its own. Emkay sees an October move as increasingly likely, while HDFC Bank expects the central bank could wait until December as it weighs inflation, growth, energy prices and currency pressures. ...Less

Indian government bonds have fallen for five consecutive weeks. A Federal Reserve rate hike and RBI liqui ...More

Indian government bonds have fallen for five consecutive weeks. A Federal Reserve rate hike and RBI liquidity measures emboldened bond market bears. Global yields reached multi-decade peaks, and the Fed raised rates by twenty-five basis points. The Reserve Bank of India sold bonds, draining significant liquidity from the system. This situation increases the likelihood of an RBI rate hike in October. ...Less

InGovern Research Services advises Tata Sons to prepare for a stock market listing. The Reserve Bank of I ...More

InGovern Research Services advises Tata Sons to prepare for a stock market listing. The Reserve Bank of India rejected the company's bid to exit regulatory oversight. A public offering would benefit numerous indirect shareholders across group companies. Tata Sons faces a mandatory listing requirement by September 2025. The board will consider the RBI order and a potential listing timeline. ...Less

The RBI has filed a caveat in the Bombay High Court over Tata Sons’ mandated listing, seeking to ensure i ...More

The RBI has filed a caveat in the Bombay High Court over Tata Sons’ mandated listing, seeking to ensure it is heard before any court order on a potential challenge. The move follows the central bank’s rejection of Tata Sons’ request to surrender its registration and avoid listing. ...Less

The Reserve Bank of India cancelled five NBFC registration certificates on Thursday. Eight other NBFCs su ...More

The Reserve Bank of India cancelled five NBFC registration certificates on Thursday. Eight other NBFCs surrendered their registrations for various business reasons. Some companies ceased to be legal entities due to mergers and dissolutions. Anagram Industries and CDN Finance surrendered registrations after meeting specific criteria. These actions reflect regulatory adjustments within the financial sector. ...Less

The Reserve Bank of India has clarified definitions for financial activity and core investment companies. ...More

The Reserve Bank of India has clarified definitions for financial activity and core investment companies. This clarification follows the rejection of Tata Sons' application to surrender its registration. Companies must meet specific asset and income thresholds to be regulated by the central bank. Tata Sons, an unlisted holding company, now faces enhanced regulatory scrutiny. The central bank's decision effectively pushes Tata Sons towards a mandatory public listing. ...Less

On Wednesday, the Indian rupee maintained its position at 95.95 against the US dollar, thanks to the cent ...More

On Wednesday, the Indian rupee maintained its position at 95.95 against the US dollar, thanks to the central bank's dollar sales which helped stabilize its value. However, ongoing demand from oil firms and importers kept the currency under strain. Market analysts predict further depreciation, especially if the US Federal Reserve opts for interest rate increases, with trading expected between 95.75 and 96.25 on Thursday. ...Less

Banks want RBI approval to apply new rules for closing old trade deals. These unsettled transactions have ...More

Banks want RBI approval to apply new rules for closing old trade deals. These unsettled transactions have accumulated to nearly one lakh crore rupees over time. New regulations, effective October 1, 2026, will empower banks to resolve these cases. This move aims to prevent exporters from facing caution listing for past unsettled trades. RBI deputy governor Rohit Jain will meet bank CEOs this week to discuss the matter. ...Less

The Reserve Bank of India's open market operation sale received robust investor interest. This operation ...More

The Reserve Bank of India's open market operation sale received robust investor interest. This operation aimed to absorb surplus liquidity from the banking system. The central bank accepted bonds at yields higher than prevailing market rates. This move precedes a significant weekly bond auction scheduled for Friday. Further liquidity absorption measures are planned for the coming week. ...Less

Loans would get costlier if and when the RBI hikes interest rates. In floating-rate loans, EMIs would ris ...More

Loans would get costlier if and when the RBI hikes interest rates. In floating-rate loans, EMIs would rise even for existing loans. However, the RBI’s next rate-hike cycle would be shallow. High global bond yields or interest rates matter for the RBI, but they are not the decisive factor. ...Less

The Fed’s latest rate hike could constrain the RBI’s policy flexibility as India-US bond yield differenti ...More

The Fed’s latest rate hike could constrain the RBI’s policy flexibility as India-US bond yield differentials narrow. Elara Securities’ Garima Kapoor expects 25-50 bps of RBI hikes in 2026, while higher US yields and a stronger dollar could pressure FPI flows. ...Less

Tackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Mark ...More

Tackling industry anxieties head-on at the Bengal Chamber of Commerce & Industry's (BCC&I) Financial Market Conclave in Mumbai, Reserve Bank of India (RBI) Deputy Governor S. C. Murmu on Friday addressed lingering concerns over Merchant Discount Rate (MDR) costs and the potential impact of fee recovery on digital payment adoption. ...Less

Analysts expect the Reserve Bank of India to raise key policy rates soon. Headline inflation is projected ...More

Analysts expect the Reserve Bank of India to raise key policy rates soon. Headline inflation is projected to rise further, influencing this decision. Global factors like oil prices and US Federal Reserve actions also play a role. Economists suggest two rate hikes in October and December this year. This move aims to manage inflation and maintain real interest rate credibility. ...Less

JPMorgan's Jahangir Aziz suggests India's economy is experiencing a temporary "sugar high" from past stim ...More

JPMorgan's Jahangir Aziz suggests India's economy is experiencing a temporary "sugar high" from past stimulus. He believes markets are anticipating too many interest rate increases this year. The Reserve Bank is expected to implement an initial quarter-point rate hike soon. However, future rate decisions remain uncertain for policymakers. ...Less

The Reserve Bank of India supports Merchant Discount Rate on large UPI transactions. This move aims to en ...More

The Reserve Bank of India supports Merchant Discount Rate on large UPI transactions. This move aims to ensure the long-term sustainability of India's digital payments ecosystem. New provisions will apply MDR to person-to-merchant transactions exceeding two thousand rupees. Person-to-person transactions and smaller merchant payments will remain free of charge. ...Less

Global central banks are tightening monetary policy, prompting calls for India to follow suit. The US Fed ...More

Global central banks are tightening monetary policy, prompting calls for India to follow suit. The US Federal Reserve recently increased its interest rates, signaling further tightening ahead. India's retail inflation has reached a 20-month high, strengthening the case for a rate hike. Economists anticipate the Reserve Bank of India will raise its policy rate soon. This move aims to maintain a sufficient yield gap for foreign investments. ...Less

Federal Reserve Rate Impact on India: Federal Reserve rate hike is set to intensify pressure on India’s r ...More

Federal Reserve Rate Impact on India: Federal Reserve rate hike is set to intensify pressure on India’s rupee, bond yields, inflation and markets. With the US Fed expected to raise rates by 25 basis points, higher US Treasury yields, a stronger dollar and surging crude oil prices could deepen India’s market pressure. RBI faces rising challenges from currency weakness, imported inflation, liquidity risks and volatility. ...Less

Tata Sons' board will meet soon to address key issues. The RBI rejected the company's application to surr ...More

Tata Sons' board will meet soon to address key issues. The RBI rejected the company's application to surrender its NBFC registration. Chairman N Chandrasekaran will not seek a third term in February. A governance impasse at a principal Tata Trust complicates succession planning. The potential listing of Tata Sons remains a contentious and divisive issue. ...Less

Tata Sons’ board has backed Chandrasekaran for another five years and begun considering steps to meet RBI ...More

Tata Sons’ board has backed Chandrasekaran for another five years and begun considering steps to meet RBI requirements that could lead to a listing. But Tata Trusts, which owns about 66% of the holding company, is challenging his reappointment and opposes an IPO—setting up a battle between the board, controlling shareholder and regulator over Tata Sons’ future. ...Less

In a significant move, the Reserve Bank of India has denied Tata Sons' proposal to relinquish its registr ...More

In a significant move, the Reserve Bank of India has denied Tata Sons' proposal to relinquish its registration, bringing the spotlight back to the possibility of a public offering for the holding company. After the announcement on September 11, many Tata Group stocks saw a considerable uptick. The expected IPO now stands at an impressive valuation between Rs 9-12 lakh crore. ...Less

The Indian rupee strengthened slightly on Thursday after central bank interventions. Oil prices retreated ...More

The Indian rupee strengthened slightly on Thursday after central bank interventions. Oil prices retreated, which also supported bond yields during the trading day. State-run banks actively sold dollars at weaker levels, influencing the currency's movement. The rupee traded within a defined range throughout the session. The dollar index saw an increase from its previous day's closing value. ...Less

Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of ...More

Recent data reveals a rise in Consumer Price Index inflation, now at 4.8 percent, spurring predictions of possible interest rate hikes by the Reserve Bank of India. This inflation surge is pressuring banks to elevate fixed deposit interest rates amidst fierce competition from government securities and appealing returns from small savings schemes. Future adjustments in fixed deposit rates will largely hinge on ongoing inflation trends and RBI policies. ...Less

The Reserve Bank of India has announced proposed regulations concerning money mule accounts, allowing ban ...More

The Reserve Bank of India has announced proposed regulations concerning money mule accounts, allowing banks to implement temporary debit holds on questionable transactions for up to sixty days. ...Less

The Reserve Bank of India has taken steps to absorb liquidity from the banking sector by selling bonds wo ...More

The Reserve Bank of India has taken steps to absorb liquidity from the banking sector by selling bonds worth 500 billion rupees. This strategic move included the sale of securities with maturation dates slated between fiscal 2029 and fiscal 2032, marking the first net sale since November 2017. Consequently, an amount equivalent to nearly 0.2% of total deposits has been withdrawn from circulation. ...Less

Sovereign Gold Bond: The Reserve Bank of India has revealed the early redemption price for a gold bond se ...More

Sovereign Gold Bond: The Reserve Bank of India has revealed the early redemption price for a gold bond series known as SGB 2019-20 Series IV. Starting from September 17, 2026, investors are eligible to redeem this bond after five years. The redemption price will be determined based on the average gold price from the previous three business days. ...Less

Shapoorji Pallonji bond yields are expected to tighten significantly after the RBI rejected Tata Sons' ap ...More

Shapoorji Pallonji bond yields are expected to tighten significantly after the RBI rejected Tata Sons' application. The Reserve Bank of India's decision mandates the listing of Tata Sons, ending regulatory uncertainty. This development provides a clearer path for monetizing the SP group's stake in Tata Sons. Investors who financed the SP group at high yields anticipate improved risk rewards. ...Less

A split within Tata Trusts is affecting Tata Sons' boardroom decisions regarding its impending listing. S ...More

A split within Tata Trusts is affecting Tata Sons' boardroom decisions regarding its impending listing. Sir Dorabji Tata Trust seeks to prevent its nominee director from supporting the public offering. The Reserve Bank of India has mandated that upper-layer NBFCs must list on stock exchanges. Tata Sons board is expected to accept this directive, prompting swift regulatory compliance preparations. ...Less

Banks will soon freeze only disputed transaction amounts, not entire accounts. AI systems will monitor un ...More

Banks will soon freeze only disputed transaction amounts, not entire accounts. AI systems will monitor unusual transfers of one thousand rupees or more. Customers get twenty days to prove transaction legitimacy with supporting documents. Banks then have ten days to assess explanations and lift holds. Law enforcement will have thirty days to issue formal restraint orders after referral. ...Less

Tata Sons' board reappointed its executive chairman, N Chandrasekaran, for five years. This decision face ...More

Tata Sons' board reappointed its executive chairman, N Chandrasekaran, for five years. This decision faced opposition from Tata Trusts' chairman, Noel Tata, who deemed it illegal. The dispute arises from differing interpretations of RBI norms and the company's private status. Tata Trusts believes Noel Tata's dissenting vote acts as a veto power. The company must now navigate these challenges and comply with regulatory requirements. ...Less

N Chandrasekaran will continue as Tata Sons chairman for five more years. The board approved his reappoin ...More

N Chandrasekaran will continue as Tata Sons chairman for five more years. The board approved his reappointment after he reconsidered his earlier decision. This comes as the company faces a potential stock market listing requirement. Tata Sons is now preparing to comply with RBI regulations. The leadership continuity is crucial for navigating these upcoming changes. ...Less

The RBI reportedly rejected Tata Sons’ request for exemption from rules requiring upper-layer NBFCs to li ...More

The RBI reportedly rejected Tata Sons’ request for exemption from rules requiring upper-layer NBFCs to list publicly. The decision could intensify pressure on the Tata Group holding company to launch an IPO, despite its efforts to remain private. ...Less

The Reserve Bank of India rejected Tata Sons' application to surrender its core investment company regist ...More

The Reserve Bank of India rejected Tata Sons' application to surrender its core investment company registration. This decision forces the holding company to comply with upper-layer NBFC rules and pursue a mandatory public listing. Tata Sons must now adhere to listing timelines previously re-emphasized by the central bank. ...Less

The Reserve Bank of India has set expectations for Tata Sons to meet its listing criteria. Shapoorji Pall ...More

The Reserve Bank of India has set expectations for Tata Sons to meet its listing criteria. Shapoorji Pallonji Mistry welcomed the decision, highlighting a positive outlook, while Tata Trusts expressed their firm opposition and will explore other avenues beyond a public listing. The Shapoorji Pallonji Group looks to capitalize on its stake in Tata Sons, as both factions emphasize the importance of constructive dialogue and strengthened ties in the future. ...Less

Indian government bonds maintained a steady performance as traders keenly monitored new debt supply cutof ...More

Indian government bonds maintained a steady performance as traders keenly monitored new debt supply cutoffs. In September, the Reserve Bank of India revealed plans for extensive open market debt sales. These initiatives are intended to absorb excess liquidity while enhancing the transmission of monetary policy. Market participants are also expecting further bond offerings from the central bank in light of anticipated rate increases from both the Federal Reserve and RBI. ...Less

The US Federal Reserve increased interest rates, signaling a global effort to control rising inflation. O ...More

The US Federal Reserve increased interest rates, signaling a global effort to control rising inflation. Other central banks will likely follow the Fed's lead in this concerted action. Higher global rates and trade friction will impact India's economy and markets. The Indian rupee faces pressure from a strengthening US dollar. Domestic consumption offers some buffer, but inflation concerns persist. ...Less

On Tuesday, shares of Tata Group companies with minority interests in Tata Sons experienced a notable ris ...More

On Tuesday, shares of Tata Group companies with minority interests in Tata Sons experienced a notable rise. This followed the Reserve Bank of India's decision to deny Tata Sons the ability to surrender its lender status. Analysts suggest that a potential listing of Tata Sons might primarily benefit Tata Chemicals and Tata Steel. ...Less

Discussions are underway to tighten digital gold rules, requiring physical bullion backing for every unit ...More

Discussions are underway to tighten digital gold rules, requiring physical bullion backing for every unit. The government is considering joint oversight by the Reserve Bank of India and Sebi. Digital gold, managing approximately three billion dollars in assets, is seen as an unregulated segment. Stakeholders agree that bringing this popular product under regulatory supervision is urgently needed. ...Less

PVR INOX asked an Ahmedabad advocate to pay using UPI only and refused to accept his cash payments. He ha ...More

PVR INOX asked an Ahmedabad advocate to pay using UPI only and refused to accept his cash payments. He has sent a legal notice to PVR INOX Ltd after its Palladium Mall cinema refused to accept cash for a movie ticket and food, forcing him to pay via UPI. The notice cites the RBI Act on legal tender and the Consumer Protection Act, and seeks a response within seven days, failing which the advocate may move a consumer commission. ...Less

On Friday, the Indian rupee managed to break its losing streak, thanks to active dollar sales by the Rese ...More

On Friday, the Indian rupee managed to break its losing streak, thanks to active dollar sales by the Reserve Bank of India and a decrease in oil prices. The currency closed at 95.87, reflecting a minor uptick from its previous closing value. Nevertheless, the firm dollar index and ongoing importer demand curtailed major gains, with the rupee down 1.05% so far this fiscal year. ...Less

The Reserve Bank of India rejected Tata Sons' application to surrender its registration. This decision al ...More

The Reserve Bank of India rejected Tata Sons' application to surrender its registration. This decision allows for the potential public listing of the conglomerate's holding company. Tata Sons must now comply with regulations for upper-layer NBFC entities. The central bank's framework classifies companies with assets over one lakh crore rupees. This ruling ensures Tata Sons remains under stricter regulatory oversight for at least five years. ...Less

India's retail inflation reached 4.8% in August, its highest level since January. Wholesale inflation als ...More

India's retail inflation reached 4.8% in August, its highest level since January. Wholesale inflation also climbed to 9.9%, driven by fuel and manufactured goods. Food inflation increased to 6%, with rural areas experiencing higher price pressures. Economists anticipate further inflation and potential interest rate hikes by the Reserve Bank of India. The central bank's next monetary policy meeting is scheduled for October. ...Less

Tata Sons' board approved N. Chandrasekaran's reappointment as executive chairman for five years. The com ...More

Tata Sons' board approved N. Chandrasekaran's reappointment as executive chairman for five years. The company also initiated plans for a potential public listing following regulatory directives. This decision reverses Chandrasekaran's earlier announcement about not seeking another term. The listing follows the RBI's rejection of Tata Sons' request to exit shadow banking regulations. This move prepares Tata Sons for significant structural changes and a new operational phase. ...Less

ICICI Bank has successfully migrated its website and net banking services to the new .bank.in domain. Cus ...More

ICICI Bank has successfully migrated its website and net banking services to the new .bank.in domain. Customers are advised to modify their bookmarks to ensure they access the official banking site. Please note that iMobile app services will be temporarily down for several hours on September 19, 2026. Rest assured, customer IDs and passwords will remain unchanged, and a newly introduced CAPTCHA feature aims to bolster net banking security. ...Less

HDFC Bank's board has recommended two candidates for the next MD and CEO role. These proposed appointment ...More

HDFC Bank's board has recommended two candidates for the next MD and CEO role. These proposed appointments are for a three-year term, pending regulatory approval. The bank also approved reappointment of V. Srinivasa Rangan as Executive Director. Jimmy Tata was also appointed as a Whole-time Director, subject to central bank approval. An additional Whole-time Director position will be created for improved oversight and succession planning. ...Less

The Reserve Bank of India will drain Rs 1 lakh crore through bond sales this month after VRRR auctions fa ...More

The Reserve Bank of India will drain Rs 1 lakh crore through bond sales this month after VRRR auctions failed to absorb excess liquidity. The move follows dollar inflows, with Governor Sanjay Malhotra signalling multiple tools to manage surplus funds. ...Less

SBI Research indicates FCNR(B) deposits may yield substantial profits for banks and the RBI. The report r ...More

SBI Research indicates FCNR(B) deposits may yield substantial profits for banks and the RBI. The report refutes earlier estimates of significant financial losses from the scheme. Mobilized funds could support additional bank credit and generate considerable interest income. Hedging costs are considered manageable, and the RBI could see added profitability. This scheme's liquidity will support credit demand amid outflows and prudent risk management. ...Less

Senior advocate Harish Salve is advising Tata Sons Chairman N Chandrasekaran. He asserts Tata Sons' legal ...More

Senior advocate Harish Salve is advising Tata Sons Chairman N Chandrasekaran. He asserts Tata Sons' legal position is perfect regarding RBI compliance rules. Salve stated the company must become a public entity to resolve issues. Governance differences among Tata Trust trustees are hindering this transition. Listing Tata Sons will bring transparency and professional management to the global group. ...Less

The Reserve Bank of India is set to issue bonds valued at one trillion rupees to help manage surplus liqu ...More

The Reserve Bank of India is set to issue bonds valued at one trillion rupees to help manage surplus liquidity in the banking sector. This strategic move comes in response to increasing inflationary pressures driven by high oil prices, with the central bank indicating that all liquidity management strategies are still in play. This decision follows a disappointing reception to earlier liquidity absorption measures. ...Less

Domestic bond yields may rise as much as forty-five basis points. Elevated crude prices and rising inflat ...More

Domestic bond yields may rise as much as forty-five basis points. Elevated crude prices and rising inflation expectations weigh on sentiment. The Reserve Bank of India's open market operation sales will increase bond supply. This action drains surplus liquidity from the financial system. Bond traders anticipate yields could reach around seven point five zero percent. ...Less

India's foreign exchange reserves saw a significant decrease of $4.92 billion. This decline brought the t ...More

India's foreign exchange reserves saw a significant decrease of $4.92 billion. This decline brought the total reserves down to $780.78 billion. The Reserve Bank of India released this data on Friday. The reporting period concluded on September 11. This information reflects recent economic activity. ...Less

The Reserve Bank of India possesses tools to manage banking liquidity from deposit inflows. Governor Sanj ...More

The Reserve Bank of India possesses tools to manage banking liquidity from deposit inflows. Governor Sanjay Malhotra indicated a readiness to deploy various measures if needed. He noted that excess liquidity currently lowers the weighted average call rate. The central bank anticipates some liquidity withdrawal naturally over time. The MPC will reassess growth-inflation dynamics next month amid oil price risks. ...Less

Renewed Tata Sons IPO hopes sparked a sharp rally in five Tata Group stocks, adding over Rs 17,200 crore ...More

Renewed Tata Sons IPO hopes sparked a sharp rally in five Tata Group stocks, adding over Rs 17,200 crore to their combined market value in less than an hour. The gains came after the RBI rejected Tata Sons’ request to surrender its CoR and directed it to comply with regulations for NBFC-Upper Layer entities, reviving expectations of a public listing. ...Less

RBI deputy governor Shirish Chandra Murmu highlighted extending digital payment success to credit and ins ...More

RBI deputy governor Shirish Chandra Murmu highlighted extending digital payment success to credit and insurance. Technology must expand formal credit access for underserved borrowers, he stated. Algorithms should not replace human accountability for financial decisions made by lenders. Regulated entities remain responsible for services delivered under their names. ...Less

Banks are developing a common framework for project finance lending. This initiative aims to curb regulat ...More

Banks are developing a common framework for project finance lending. This initiative aims to curb regulatory arbitrage and operational misalignment among lenders. Discussions will involve state-run and private banks to establish common parameters. Such alignment will enhance risk mitigation and avoid divergent audit observations. Final guidelines by bank boards are expected to reduce regulatory arbitrage scope. ...Less

Economists are gearing up for a potential rate hike from the central bank as soon as October, driven by e ...More

Economists are gearing up for a potential rate hike from the central bank as soon as October, driven by escalating crude oil prices and ongoing food inflation concerns. The CEO of Axis Bank has raised alarms about the increasing risks of inflation. This shift in monetary policy timing comes as the Monetary Policy Committee prepares to evaluate interest rates in early October, reversing earlier predictions of stability. ...Less

In a significant market shift, the rupee has dipped to 96 against the US dollar, marking a low not seen i ...More

In a significant market shift, the rupee has dipped to 96 against the US dollar, marking a low not seen in over two months. This decline is attributed to a combination of weak investor confidence and ongoing global economic uncertainties. Challenges from elevated crude oil prices and a strengthening dollar were intensified by the Federal Reserve's latest interest rate increase. ...Less

On Friday, benchmark government bond yields climbed by five basis points, surpassing the 7% threshold. Th ...More

On Friday, benchmark government bond yields climbed by five basis points, surpassing the 7% threshold. The Reserve Bank of India managed to accept less than half of the amount it had targeted in a three-year bond auction. Factors such as high global risk-free rates and escalating crude oil prices are exerting pressure on Indian bonds. ...Less

Shapoorji Pallonji Group, which owns about 18.4% of Tata Sons, has backed a potential listing of the hold ...More

Shapoorji Pallonji Group, which owns about 18.4% of Tata Sons, has backed a potential listing of the holding company after the RBI rejected Tata Sons’ request to surrender its Upper-Layer NBFC registration and directed it to comply with listing requirements. ...Less

India's largest private lender HDFC Bank has submitted ⁠the ⁠names of two candidates to the Reserve Bank ...More

India's largest private lender HDFC Bank has submitted ⁠the ⁠names of two candidates to the Reserve Bank ⁠of India for the position ⁠of managing director and chief executive officer, Bloomberg News reported on Saturday, citing an ⁠exchange filing. ...Less

The Reserve Bank of India plans a significant 26-day auction this Friday, targeting the withdrawal of Rs ...More

The Reserve Bank of India plans a significant 26-day auction this Friday, targeting the withdrawal of Rs 5 lakh crore from the inter-bank market. This extended operation aims to manage persistent liquidity by giving participants the chance to reclaim lent amounts. This proactive measure is a direct response to the surplus liquidity caused by foreign investments. ...Less

HSBC forecasts that foreign currency deposits will significantly enhance its operations in India. By secu ...More

HSBC forecasts that foreign currency deposits will significantly enhance its operations in India. By securing $14.5 billion through a special RBI swap facility, the bank aims to expand lending and wealth management services. The attractive leverage option of up to nineteen times has drawn in depositors. HSBC's strategy is to deploy these funds cautiously toward corporate lending and mortgage offerings. ...Less

HDFC Bank shares rose after the lender submitted two CEO candidates to the RBI, formally starting the suc ...More

HDFC Bank shares rose after the lender submitted two CEO candidates to the RBI, formally starting the succession process for Sashidhar Jagdishan. The stock has faced sustained pressure this year, with analysts highlighting key resistance levels and management continuity as important triggers. ...Less

The Indian rupee stayed stable against the dollar on Thursday, bolstered by anticipated central bank inte ...More

The Indian rupee stayed stable against the dollar on Thursday, bolstered by anticipated central bank interventions and equity index rebalancing inflows that limited declines. Meanwhile, most Asian currencies faced a downturn following the interest rate hike by the US Federal Reserve. The dollar index remained elevated, surpassing 100, while the Reserve Bank of India effectively curtailed surplus rupee liquidity from the market. ...Less

The RBI had recognised the Fintech Association for Consumer Empowerment (FACE) as the first SRO-FT in Aug ...More

The RBI had recognised the Fintech Association for Consumer Empowerment (FACE) as the first SRO-FT in August 2024, after it laid down the framework for recognising SROs in May. ...Less

India is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links ...More

India is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems and CBDCs to make cross-border transactions faster and cheaper. The story traces India’s opposition to a new BRICS currency, Trump’s tariff threats, the RBI’s push for CBDC interoperability, and the technical and trade hurdles that could stand in the way. ...Less

Bank credit growth reached a sixteen-month high, while deposits grew at a slower pace. This widened the c ...More

Bank credit growth reached a sixteen-month high, while deposits grew at a slower pace. This widened the credit-deposit gap, increasing funding pressure on banks. Finance sector lending, especially to NBFCs, drove credit expansion significantly. Public sector banks saw higher credit growth but less headroom. Deposit mobilization remains crucial for banks facing persistent competition for savings. ...Less

Traders are increasingly anticipating an October interest rate hike from the Reserve Bank of India, influ ...More

Traders are increasingly anticipating an October interest rate hike from the Reserve Bank of India, influenced by rising oil prices and expanding inflation. This potential adjustment is further compounded by an expected hike from the Federal Reserve, prompting analysts at Citi and Deutsche Bank to revise their predictions. The shift highlights growing concerns regarding inflation and the dynamics of economic growth. ...Less

Tata Trusts have not agreed to the listing of Tata Sons. The Tata Sons board will explore all available o ...More

Tata Trusts have not agreed to the listing of Tata Sons. The Tata Sons board will explore all available options immediately. Noel Tata believes listing would destroy the company's character. The board previously concluded in March 2024 that the company should remain unlisted. A separate board meeting will determine the appropriate course of action. ...Less

Indian investors holding SpaceX shares are seeking legal advice on compliance. These investors received S ...More

Indian investors holding SpaceX shares are seeking legal advice on compliance. These investors received SpaceX shares directly from offshore funds. This distribution aimed to avoid stock dumping and defer investor taxes. Regulatory hurdles may arise from the timing and nature of these investments. Taxation views differ, with some suggesting capital gains tax upon receipt. ...Less

India's financial landscape is undergoing significant transformation with innovative tokenisation efforts ...More

India's financial landscape is undergoing significant transformation with innovative tokenisation efforts. A new regulatory framework is being proposed to enhance the liquidity of corporate bonds. Issues of ₹200 crore and above, rated AA or lower, will benefit from market makers' participation. This initiative aims to establish a robust two-way market, thereby improving liquidity, lowering borrowing costs, and broadening investor options. ...Less

An HDFC Bank credit card holder disputed a Rs 1,39,901 online transaction he said he had never authorised ...More

An HDFC Bank credit card holder disputed a Rs 1,39,901 online transaction he said he had never authorised. HDFC Bank argued that card details and an OTP had been used and blamed the customer for sharing his details during an online scam. The Kakinada consumer commission found that the bank had failed to prove that the customer had authorised the transaction and ordered HDFC Bank to refund the amount with 9% interest, pay Rs 30,000 compensation and Rs 5,000 litigation costs. ...Less

BharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI me ...More

BharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000, calling any levy tax collection. He compared UPI with the cost of India's cash and ATM infrastructure and cited financial figures for the RBI, banks and NPCI while asking what loss or subsidy justified charging for UPI. ...Less

CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions a ...More

CMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, making the company a potential direct beneficiary. From October 15, merchants will pay 0.4% MDR on eligible P2M UPI transactions, capped at Rs 300 for payments of Rs 75,000 or more. ...Less

Bank holiday today: Today marks the closure of banks including SBI, HDFC Bank, ICICI Bank, PNB among othe ...More

Bank holiday today: Today marks the closure of banks including SBI, HDFC Bank, ICICI Bank, PNB among others in various Indian states in observance of Ganesh Chaturthi. Check statewise holiday in the calender given below to avoid any inconvenience. ...Less

The rupee fell 38 paise to close at 95.92 against the US dollar on Tuesday. Escalating Middle East confli ...More

The rupee fell 38 paise to close at 95.92 against the US dollar on Tuesday. Escalating Middle East conflict and soaring Brent crude oil prices weighed on the currency. Surging dollar demand from oil importers raised inflation and trade balance concerns. Domestic markets weakened, while global treasury yields and a strong dollar dented sentiment. India's forex reserves, however, reached a record high of USD 785.706 billion. ...Less

The Reserve Bank of India will add five currency pairs—euro, British pound, Swiss franc, Canadian dollar ...More

The Reserve Bank of India will add five currency pairs—euro, British pound, Swiss franc, Canadian dollar and Emirati dirham—to its FX-Retail platform, widening retail access to foreign exchange. The central bank also plans to add the yen, Australian dollar, Singapore dollar, Hong Kong dollar and New Zealand dollar. ...Less

Noel Tata has taken a stand against the recent resolutions from the Tata Sons board meeting, deeming them ...More

Noel Tata has taken a stand against the recent resolutions from the Tata Sons board meeting, deeming them invalid. He asserts that the voting was conducted under specific conditions that were later violated. Furthermore, he is calling for a public acknowledgment to rectify the proceedings of the meeting. This controversy emerged after the board, by a vote of four-to-one, reappointed N Chandrasekaran amid ongoing regulatory challenges facing Tata Sons. ...Less

Shapoorji Pallonji Group Chairman Shapoorji Pallonji Mistry has backed the public listing of Tata Sons, c ...More

Shapoorji Pallonji Group Chairman Shapoorji Pallonji Mistry has backed the public listing of Tata Sons, calling it a “social and moral imperative” that can strengthen transparency, accountability and philanthropy. His statement comes as Tata Trusts and chairman Noel Tata oppose the listing, with Mistry urging stakeholders to treat it as an opportunity for reconciliation. ...Less

Several September holidays will cause regional bank branch closures. Many essential banking tasks still r ...More

Several September holidays will cause regional bank branch closures. Many essential banking tasks still require a physical visit to the branch. Banks remain closed on the second and fourth Saturdays of every month, in addition to Sundays and designated regional or national holidays. ...Less

HDFC Bank has submitted two preferred candidates for its next MD and CEO to the Reserve Bank of India. Th ...More

HDFC Bank has submitted two preferred candidates for its next MD and CEO to the Reserve Bank of India. The bank's board approved these candidates and their remuneration for a three-year term. V Srinivasa Rangan will be reappointed as an executive director for one year. Jimmy Tata, currently chief credit officer, is also appointed as an executive director. ...Less

The Reserve Bank of India has approved ICICI Prudential Asset Management Company's proposal. This approva ...More

The Reserve Bank of India has approved ICICI Prudential Asset Management Company's proposal. This approval allows an aggregate holding of up to 9.95 percent in AU Small Finance Bank. The approval covers various schemes and funds managed by the asset manager. AU Small Finance Bank received the official approval letter on September 8, 2026. This decision is subject to compliance with all relevant banking and financial regulations. ...Less

The Reserve Bank of India has revealed the early redemption price for a particular series of gold bonds. ...More

The Reserve Bank of India has revealed the early redemption price for a particular series of gold bonds. Starting September 11, 2026, investors can redeem SGB 2019-20 Series X at Rs 15,328 per unit, determined by current gold pricing. ...Less

India’s wholesale inflation accelerated to 9.92% in August from 9.78% in July, slightly above the 9.89% e ...More

India’s wholesale inflation accelerated to 9.92% in August from 9.78% in July, slightly above the 9.89% expected in a Reuters poll. Consumer inflation data is due later on Monday and is expected to hit a 20-month high, driven by higher food and fuel prices. ...Less

HSBC and ICICI Bank led lending under a special foreign-exchange swap program. These two banks disbursed ...More

HSBC and ICICI Bank led lending under a special foreign-exchange swap program. These two banks disbursed a combined $19.3 billion through the central bank's facility. The Reserve Bank of India's program boosted activity in GIFT City significantly. This success encourages lenders to expand wealth management operations and attract more diaspora funds. GIFT City aims to compete with established financial centers like Singapore and Hong Kong. ...Less

Indian government bonds saw gains as crude oil prices retreated from recent highs. Traders squared short ...More

Indian government bonds saw gains as crude oil prices retreated from recent highs. Traders squared short positions before the Federal Reserve's anticipated policy decision later today. Global debt markets stabilized after Saudi Arabia offered additional oil cargoes through Oman. The Indian central bank is also expected to tighten policy next month due to rising inflation. Bond yields eased while OIS rates tracked offshore markets, reflecting market expectations. ...Less

Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five yea ...More

Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five years, sparking discussions about future strategic moves, including a possible listing. However, Tata Trusts has deemed this reappointment legally void, signaling potential tensions that may hinder group initiatives and delay unlocking shareholder value. The conflicts between these entities are significant as they impact leadership and strategic direction. ...Less

Indian government bonds made a recovery on Thursday, moving past initial setbacks as falling oil prices l ...More

Indian government bonds made a recovery on Thursday, moving past initial setbacks as falling oil prices lessened worries about a potential rate hike from the Reserve Bank of India. The key 6.94% 2036 bond yield ended the day slightly below Wednesday's mark. Overnight indexed swap rates also showed signs of recovery late in the trading session due to the ongoing drop in oil prices. ...Less

RNFI Services has received in-principle RBI authorisation to operate as a Payment Aggregator-Physical (PA ...More

RNFI Services has received in-principle RBI authorisation to operate as a Payment Aggregator-Physical (PA-P), allowing it to expand into offline and in-store payments. The approval adds another regulated payments capability to its existing financial services portfolio, including money movement, mutual fund distribution, insurance broking and prepaid payment instruments. ...Less

The Reserve Bank of India may not need to raise the cash reserve ratio (CRR) in the immediate term as the ...More

The Reserve Bank of India may not need to raise the cash reserve ratio (CRR) in the immediate term as the banking system's surplus liquidity is expected to moderate through FY27, with the central bank able to use more flexible tools such as variable rate reverse repos and forex swaps, noted a research report by Union Bank of India. ...Less

The Indian rupee reached its weakest point in three months on Tuesday. This depreciation occurred as Bren ...More

The Indian rupee reached its weakest point in three months on Tuesday. This depreciation occurred as Brent crude oil prices surged past $108 per barrel. US 10-year bond yields also breached the significant 5% mark. The Reserve Bank of India intervened by selling dollars to support the currency. Future rupee movement will depend on oil prices and the US Federal Reserve's policy decision. ...Less