Rbi

Will continue to prioritise inflation, says RBI governor Sanjay Malhotra

"We have to watch out for monsoon… how it progress because a significant population depends on agriculture," he said

RBI imposes penalties on Muthoot Finance, others for compliance violations

The Reserve Bank of India (RBI) on Friday announced that it has imposed monetary penalties on six companies, including non-bank lender Muthoot Finance, for non-compliance with various regulatory norms. The central bank imposed a Rs 5.80 lakh penalty on Muthoot Finance, Rs 3.10 lakh each on Satya MicroCapital and PAN Emami Cosmed, Rs 2.70 lakh each on Dhani Loans and Services and Muthoot Vehicle and Asset Finance, and Rs 6.20 lakh on Avail Financial Services, notifications said. Muthoot Finance was penalised for failing to put in place a system of periodic review of risk categorisation of accounts and non-deployment of robust software for effective identification and reporting of suspicious transactions, the RBI said. The monetary penalty on Avail Financial Services was imposed as the managing director of the company held directorship in two other NBFCs-Middle Layer, and the company had breached the regulatory single party exposure limit. The central bank imposed a monetary penalty

RBI issues consolidated norms for Special Rupee Vostro Accounts and trade

The central bank has merged instructions issued since 2022 into a single circular, retaining the framework for rupee-denominated settlement of cross-border trade transactions

RBI conducts two VRR auctions as liquidity surplus dips below ₹1 trillion

The central bank held two variable rate repo auctions after banking system liquidity surplus dropped below Rs 1 trillion, while the 10-year bond yield rose 3 basis points

Forex agents' industry body seeks Fema clarity on forex correspondent model

Money changers say ambiguity over the principal-agent framework, liability and compliance could delay the rollout of the new forex correspondent category

What happens after bank takes over your property? RBI's new rules explained

The Reserve Bank on Thursday said a bank which has acquired an immovable asset in an exceptional case as part of a recovery process cannot sell it back to the borrower or related parties.

West Asia tensions, weak monsoon key risks for Indian economy: RBI Governor

RBI Governor Sanjay Malhotra said inflation risks remain elevated due to West Asia tensions, rising oil prices and the possibility of a weak monsoon, even as supply-side pressures dominate

RBI's forex deposit measures raise hopes of margin recovery for banks

RBI's measures to attract foreign currency inflows are expected to improve liquidity and support lending margins as major private sector banks, including HDFC and Axis Bank, report Q1 earnings

RBI asks banks to sell immovable assets from bad loans within 7 years

Banks must dispose of immovable assets acquired in satisfaction of bad loans within seven years through public auction under the RBI's revised prudential framework

Will re-evaluate universal bank licence application: Jana SFB chief

Jana Small Finance Bank expects 80% profit growth in FY27 as microfinance stress eases, while remaining open to reapplying for a universal banking licence

RBI's Financial Inclusion Index rises to 70 in FY26 on higher usage

RBI's Financial Inclusion Index improved to 70 in FY26 from 67 a year earlier, driven mainly by higher usage, while all three sub-indices registered growth

Banks cannot sell back recovered immovable properties to borrowers

RBI bars banks from selling recovered properties back to borrowers, introduces norms for handling acquired non-financial asset

Making India attractive to foreign capital: Beyond the RBI's June measures

The RBI's June measures have bought India some time. The challenge now is to use that time wisely

RBI's Financial Inclusion index rises 4.48% in FY26, sees uniform growth

Reserve Bank's FI-Index, which captures the extent of financial inclusion in the country, rose 4.48 per cent during the year ending March 2026, the central bank said on Thursday. The Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) in consultation with concerned stakeholders, including the government. The annual index was first published in August 2021 for the fiscal year ending March 2021. "Index for the year ending March 2026 has since been compiled. The value of FI-Index for March 2026 stands at 70.0 vis-a-vis 67.0 in March 2025, with growth witnessed across all sub-indices," the Reserve Bank of India (RBI) said. The improvement in the FI-Index this year is mainly on account of an uptick in usage, reflecting the deepening of financial inclusion, it added. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal, as well as the pension sector, in consultation with the ...

RBI Grade B 2026 admit card for Phase 2 released online; how to download

The Reserve Bank of India (RBI) has issued the RBI Grade B 2026 admit card for Phase 2 on its official website. The bank will hold the RBI Grade B exam for Phase 2 on July 25 and 26

HDFC Bank gets RBI nod for former CEC Rajiv Kumar as part-time chair

Former Chief Election Commissioner Rajiv Kumar will serve as HDFC Bank's part-time chairman for three years after receiving the Reserve Bank of India's approval

India posts $2 bn current account deficit in May as trade gap widens

India recorded a $2 billion current account deficit in May as the merchandise trade gap widened, while the balance of payments registered a deficit of $4.4 billion

RBI approves appointment of Rajiv Kumar as part-time chairman of HDFC Bank

HDFC Bank on Wednesday said RBI has approved appointment of former Chief Election Commissioner Rajiv Kumar as part-time chairman of the bank for a period of three years. His appointment comes into effect from July 15, 2026, HDFC Bank said in a regulatory filing. Interim chairman Keki Mistry continues to be a non-executive non-independent director of the bank, it added. Kumar is former Chief Election Commissioner of India and Finance Secretary. Kumar had been instrumental in revitalising public sector banking and the financial sector as Secretary Department of Financial Services between 2017 and 2020. Within a fortnight of Kumar joining Department of Financial Services, accounts of about 3.38 lakh shell companies were frozen, hitting at the architecture of black money itself. Curbs on ponzy schemes followed. Through decisive policy direction and execution, Kumar led a comprehensive clean-up of bank balance sheets by mandating transparent recognition and provisioning of NPAs and by

RBI Ombudsman scheme offers up to Rs 33 lakh to customers: Know rules

The revamped grievance redressal framework is free to use, but customers must follow specific steps before approaching the regulator

Best of BS Opinion: Oil and monsoon will drive RBI's inflation debate

Today's opinions analyse inflation risks, education quality, AI's impact on jobs, China's economic influence and how nutrition can help improve healthy ageing