Reserve Bank Of India

Business Standard BFSI Insight Summit 2026: SBI Chairman CS Setty says higher rates could moderate discretionary spending and consumption credit

At the Business Standard BFSI Insight Summit 2026, experts warned that high US yields, oil prices and AI-driven capital outflows could weigh on Indian markets, the rupee and bond yields

At Business Standard's BFSI Summit, public sector bank chiefs discussed how RBI's swap support, leverage and overseas outreach helped mobilise FCNR(B) deposits, highlighting need for risk management

Due to Valmiki Jayanti, bank branches in some states will be closed today as per the RBI's schedule for October 2026. Banks will stay closed for physical operations in different states

Combining night-time illumination and Google Trends data reduced errors in quarterly growth estimates by up to 62 per cent across three industrial states

There is wisdom from history in managing the rupee

Increasing household debt needs careful examination

The RBI's net dollar purchases more than doubled to $43.26 billion in August, while its outstanding net short position in the forward market climbed to a record $200.06 billion

The RBI has revised operational risk capital norms for banks, covering income classification, derivative valuations and historical loss data, with the new rules effective April 1, 2027

The RBI has revised leverage ratio norms for banks, setting minimum requirements of 4 per cent for D-SIBs and 3.5 per cent for others, with new rules effective April 1, 2027

The yield on the benchmark 10-year government bond settled at 7.44 per cent, its highest level since November 4, 2022, against the previous close of 7.39 per cent

The Reserve Bank of India issued a standardized checklist to major banks last week, requiring detailed information on overseas direct investments exceeding $1 billion

The operation comes after several months of the central bank absorbing surplus liquidity that hit a record high ‌due to hefty inflows from diaspora deposits ​mobilised to defend a ​weak rupee

Let the rupee find its own level but allow that to happen in a calibrated way

The RBI's measures have curbed speculative dollar demand but tightened forex liquidity and raised hedging costs, while high oil prices and capital outflows continue to weigh on the rupee

Bank credit rose 19.38% to ₹230 trillion in September, while deposits grew 17.83% to ₹283.95 trillion; CareEdge expects higher borrowing costs to moderate lending growth.

India's current account deficit narrowed to USD 5.2 billion in August from USD 6.1 billion a year ago, aided by a lower merchandise trade deficit and higher surpluses in services trade, according to preliminary data released by the RBI on Thursday. The net deficit in the merchandise trade account declined to USD 26.6 billion in August from USD 27.6 billion in the same month last year. Merchandise exports rose to USD 44.7 billion in August from USD 35.1 billion a year ago, while imports increased to USD 71.3 billion from USD 62.7 billion, the RBI data showed. The surplus in services trade increased to USD 16.5 billion in August from USD 15.6 billion a year ago. Services exports rose to USD 35.5 billion from USD 31.2 billion, while imports increased to USD 18.9 billion from USD 15.6 billion. Net transfers, including remittances, increased to USD 12.8 billion in August from USD 12.2 billion a year ago, while the net deficit in the income account widened to USD 8 billion from USD 6.3 .

The dispute dates back to March 2020, when Yes Bank wrote down AT-1 bonds worth ₹8,415 crore to zero as part of its rescue and reconstruction, wiping out bondholders' investments.

While India allows substantial FDI in private sector banks, the RBI regulates who can own them, how much voting power shareholders can exercise and how much equity promoters can retain over time

The rupee's rebound after the RBI's latest measures may prove short-lived as energy import dependence and weak capital inflows weigh on the currency; further rate hikes could help address the pressure