RBI Governor Sanjay Malhotra said permission has been granted to Authorised Dealer banks to lend in Indian Rupees to non-residents from Bhutan, Nepal and Sri Lanka
RBI's Monetary Policy Committee kept repo rate unchanged at 5.50 per cent; the MPC retained its policy stance as 'neutral'
Bank Holiday: The RBI states that regional and national holidays, such as Gandhi Jayanti, Dussehra, Maha Ashtami, and Maha Saptami, will impact banking services from September 29 to October 5, 2025
Perpetual debt issued in foreign currency or in Indian rupees overseas will be eligible for inclusion in banks' additional tier-1 capital of up to 1.5 per cent of risk weighted assets
With the revised rules, lenders can now extend working capital loans to any business that relies on gold as a raw material, expanding credit access beyond the jewellery sector
The six-member monetary policy committee, led by Governor Sanjay Malhotra, will need to juggle a number of competing objectives this week
His appointment will take effect from October 9 for a period of three years
The inflation backdrop provides ample room. Core inflation has edged up, but mainly driven by gold prices
The RBI performs multifarious functions, some of which are, in fact, conflicting. It isn't easy to spell out the KPIs (key performance indicators) to judge its performance objectively
For modest balances, banks may accept a legal heirship certificate with indemnity bond
Shirish Murmu, currently an executive director at the RBI, will succeed Rajeshwar Rao, whose tenure ends on October 8
Till 09:41 AM, a combined 40.01 million equity shares representing 4.8 per cent of total equity of Sammaan Capital changed hands on the NSE and BSE.
A 25 basis-point interest-rate cut, combined with clear guidance on further easing, may drive the 10-year yield lower by as much as 30 basis points
With GST cuts fuelling festive demand and growth holding strong, the RBI's MPC is likely to stay cautious on rate cuts as it weighs inflation risks and uncertain global trade headwinds
RBI will pare CPI inflation projection again, but might not change growth estimate for now; dovish undertone likely
The directions are related to the settlement of claims in the deposit accounts of a deceased customer, safe deposit locker and articles in safe custody by the deceased customer
RBI's borrowing calendar extends weekly issuances into March and trims ultra-long supply, with the 10-year yield expected to open below 6.50 per cent on Monday
RBI on Digital Transactions Fail: Banks will be responsible for compensating customers if fraud occurs due to them not following authentication process
RBI has mandated two-factor authentication for all digital payments from April 2026, with guidelines allowing biometrics, tokenisation and risk-based checks alongside OTPs
India's software exports rose 12.7% in FY25, yet listed IT groups saw only 3.8% growth, with market share slipping as unlisted firms and GCCs expand faster