RBI

Centre likely to amend Sarfaesi Act for control over Central Registry

The Centre is considering amendments to the SARFAESI Act to clarify oversight of CERSAI, empower RBI, remove legal ambiguities, and improve credit enforcement and ease of doing business

Updated On: 21 Jan 2026 | 12:16 AM IST

RBI approves appointment of Bharucha as whole-time director in HDFC Bank

HDFC Bank on Tuesday said that the RBI has approved the appointment of Kaizad Bharucha as a whole-time director on the bank's board. In a regulatory filing, HDFC Bank said, "The RBI, vide its communication dated January 20, 2026, has given approval for the re-appointment of Mr. Kaizad Bharucha as the Whole-time Director (Deputy Managing Director) of the Bank for a further period of 3 (three) years w.e.f. April 19, 2026." Shares of HDFC Bank closed at Rs 931.15, up 0.38 per cent over the previous close on BSE.

Updated On: 20 Jan 2026 | 11:43 PM IST

Why Assam's rapid growth is more than a low-base effect

An RBI report places Assam as India's fastest-growing state over five years, driven by fiscal discipline, infrastructure spending and administrative reform rather than a low-base rebound

Updated On: 20 Jan 2026 | 4:49 PM IST

RBI needs to ramp up bond purchases as rate cuts fail to cool yields

The benchmark 10-year yield on Monday surged back to nearly the same level seen before the RBI began cutting rates early last year

Updated On: 20 Jan 2026 | 8:13 AM IST

At UCB meet, RBI stresses asset quality oversight, governance standards

RBI Governor Sanjay Malhotra urges urban co-operative banks to strengthen governance, underwriting and asset quality, reiterating their role in financial inclusion

Updated On: 19 Jan 2026 | 10:57 PM IST

ICICI Bank shares dip 2% after ₹1,283 crore agri loan provisioning

ICICI Bank shares fell over 2% after RBI flagged gaps in agri PSL classification, forcing higher provisions and a 4% drop in Q3 net profit

Updated On: 19 Jan 2026 | 9:27 PM IST

Govt announces interest subvention scheme for export credit under EPM

RBI notifies interest subvention scheme Niryat Prothsahan, directing banks to extend subsidised pre- and post-shipment export credit under EPM

Updated On: 19 Jan 2026 | 7:53 PM IST

Budget should back R&D, create long-term funding institution: MPC member

RBI Monetary Policy Committee member Nagesh Kumar on Monday said the government should provide policy incentives to promote R&D activities and create an institutional fund to ensure long-term capital for the industry in the forthcoming Budget. Finance Minister Nirmala Sitharaman will present the Union Budget for 2026-27 on February 1. "For boosting the manufacturing-led growth, the Union Budget 2026-17 should consider some policy incentives for promoting in-house R&D activity of Indian companies, given its role in strengthening their productivity and competitiveness," Kumar told PTI in an interview. He said Research, Development and Innovation (RDI) and Anusandhan National Research Foundation (ANRF) are important measures adopted in recent times. "But they need to be complemented by incentives for corporate R&D activity," he said, adding that restoring the 200 per cent weighted tax deduction for R&D expenditure could be one such policy. According to Kumar, another ...

Updated On: 19 Jan 2026 | 7:36 PM IST

Soon, single monthly snapshot to reflect all your savings and investments

Investors may soon get a single monthly snapshot of savings and investments across asset classes as Sebi works with other regulators to expand the CAS framework

Updated On: 19 Jan 2026 | 12:31 AM IST

SBI terminates GMU Kolkata lease; civil society urges RBI to intervene

The State Bank of India has terminated the lease for its Global Markets Unit (GMU) premises in Kolkata, a move that has drawn objections from a civil society forum, which has urged the Reserve Bank of India (RBI) to intervene and stop any closure of the unit without regulatory approval. An SBI notice dated January 14, 2026, issued to a vendor, stated that the bank is terminating the lease for the 11th to 16th floors of the Jeevan Sudha Building on Jawaharlal Nehru Road in central Kolkata, which housed the foreign exchange and global markets unit. The notice provides a one-month period to vacate, signalling the bank's intent to leave the premises as part of its plan to consolidate treasury and forex operations in Mumbai. The bank used to operate its GMU and some international operations from Jeevan Sudha Building. However, the bank has a massive building, Samriddhi Bhavan, located at 1, Strand Road on the banks of the Hooghly, which serves as a major hub housing several SBI ...

Updated On: 17 Jan 2026 | 4:18 PM IST

Base-year revision to facilitate calibrated policies: RBI Governor Malhotra

RBI Governor Sanjay Malhotra says base year revision of GDP, CPI and IIP will enable more calibrated policymaking, improve inflation targeting and better reflect India's evolving economy

Updated On: 16 Jan 2026 | 11:37 PM IST

New FEMA regulations for exports and imports to take effect from Oct 1

RBI notifies new FEMA export-import regulations effective October 1, 2026, tightening reporting timelines for banks and mandating stricter monitoring via EDPMS and IDPMS

Updated On: 16 Jan 2026 | 11:32 PM IST

RBI to set up central complaints processing centre under Ombudsman Scheme

Complaints filed online will be registered on the RBI's Complaint Management System portal, while those received through email or post will be processed centrally by the CRPC

Updated On: 16 Jan 2026 | 7:50 PM IST

Indian bonds kept out of Bloomberg index; RBI clears SMBC India arm; Growth to attract foreign capital & more

Bloomberg Index Services said Indian government bonds will not be included in the Bloomberg Global Aggregate Index for now due to pending operational and market infrastructure assessments.

Updated On: 16 Jan 2026 | 7:32 PM IST
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RBI clears Japan's SMBC to set up wholly owned subsidiary in India

Months after acquiring a 24.21% stake in Yes Bank, Japan's SMBC has received RBI's in-principle approval to set up a wholly owned banking subsidiary in India

Updated On: 14 Jan 2026 | 11:35 PM IST

RBI mandates auto transfer of unresolved plaints to internal ombudsman

The RBI has directed banks and eligible NBFCs to automatically escalate partially resolved or rejected complaints to the internal ombudsman and convey final decisions within 30 days

Updated On: 14 Jan 2026 | 11:03 PM IST

RBI asks banks to meet forex risk capital norms on continuous basis

The RBI has proposed changes to how banks calculate net foreign exchange exposure, requiring them to maintain capital for forex risk on a continuous, end-of-day basis

Updated On: 14 Jan 2026 | 9:53 PM IST

Bank credit to grow 13% in FY27 despite high LDR constraints: Ind-Ra

India Ratings expects bank credit to grow 13 per cent in FY27, supported by GST rationalisation, lower inflation and improved consumption, though high loan-deposit ratios remain a challenge

Updated On: 14 Jan 2026 | 8:06 PM IST

Japan's SMBC gets RBI's in-principle nod for wholly owned arm in India

The in-principle approval allowed the bank to set up the wholly owned subsidiary through the conversion of its existing branches in the country

Updated On: 14 Jan 2026 | 6:52 PM IST

RBI recognises FEDAI as self-regulatory organisation for authorised dealers

The Reserve Bank of India has recognised FEDAI as a self-regulatory organisation for authorised dealers, giving it a year to align governance and operations with the Omnibus SRO framework

Updated On: 14 Jan 2026 | 6:22 PM IST