Rbi

PSBs eye M&A market but face talent, pay and regulatory hurdles ahead

Banks planning to enter this line of business need to prepare on several fronts, from raising payouts and hiring specialised talent to navigating potential governance challenges

RBI completes bond buys, takes FY26 total to a record high of ₹3.16 trn

The central bank bought 500 billion rupees ($5.53 billion) of bonds at higher-than-expected cutoff prices, lifting secondary-market yields

JPMorgan to open first new branch in India in nearly a decade after RBI nod

Foreign banks are being drawn to expand in India, lured by its rapid economic expansion, strong credit demand and deepening corporate activity

Trai-RBI launch pilot to let users manage legacy promo consents; curb spam

Trai and RBI will begin a pilot with telcos and 11 banks to let select users digitally view, modify or revoke legacy consents for promotional communications via SMS sent from the short code 127000

Banks step up borrowing via CDs amid deposit tightness; raise ₹77,875 cr

Outstanding CD issuance tops record ₹5.7 trn during the period

Inching up: 10-year bond yield rises 14 bps since RBI's 25-bp rate cut

The 10-year benchmark government bond yield has risen 14 bps since the RBI's 25 bps repo rate cut, as traders price in the move as the last of the cycle and foreign investors unwind positions

How consistent is IMF's exchange rate regime classification, data adequacy?

When seen historically, India's exchange rate arrangement, both de-facto and de-jure, was floating from 1999 to 2022 (independent, managed, and floating)

SBI MD flags concerns on Account Aggregator's single consent mechanism

SBI managing director Ashwini Kumar Tewari on Wednesday expressed concerns over Account Aggregator's mechanism of obtaining a single consent from customers for all financial services products. Speaking at an event here, Tiwari argued that most customers do not read the fine print and often sign up without understanding the details. An Account Aggregator (AA) is a Reserve Bank of India (RBI) regulated entity that acts as a consent-based data intermediary. The Account Aggregator framework was introduced by the Reserve Bank of India (RBI) to enable the easy sharing of data between financial institutions for quicker decision-making. There are as many as 225 million users on AA at present. A single consent from the customer is used across all financial services products, including giving loans, signing up for wealth management or account openings, Tewari said at an event here. Customer consent is obtained only once; customers do not read the fine print before authorising and end up sig

RBI Governor asks banks for transmission of rate cut to customers

Reserve Bank Governor Sanjay Malhotra on Tuesday met the MD and CEO of public sector banks and select private sector banks here and urged them to pass on the rate cut to support sustainable growth. Since February 2025, the RBI has trimmed the key policy rate by 125 basis points to 5.25 per cent to support growth. India recorded an 8 per cent GDP growth in the first half of the current financial year. During the meeting, the RBI Governor observed that while there has been steady improvement in the health and operations of the banking sector in 2025, banks must avoid complacency and remain vigilant in a dynamic environment, the central bank said in a statement. He noted that the 125 basis points easing, combined with greater use of technology, should translate into lower intermediation costs and higher efficiency, thereby supporting sustainable growth and deeper financial inclusion, it said. Emphasising better customer service, he urged banks to focus on reducing grievances and ...

RBI overlap relief averts 2-6% hit to bank groups' advances, says CRISIL

CRISIL said RBI's final guidelines allowing overlapping lending within bank groups avert a 2-6 per cent hit to advances for 12 large groups, while keeping key NBFC and ARC proposals

Airpay gets RBI nod to operate as cross-border payment aggregator

Airpay Payment Services on Tuesday said it has secured approval from the Reserve Bank of India to operate as a cross-border payment aggregator, completing its authorisations under the unified payment aggregator (PA) framework. With this, the company is licensed to operate as a payment aggregator across online, physical and cross-border categories, a company statement said. The milestone positions airpay as a homegrown full-stack payments infrastructure provider for Indian enterprises, D2C brands and SMEs for both domestic and global markets, it added. The company expects the launch to accelerate scale, projecting a 3040 per cent rise in processing volumes over the next 6-12 months and anticipating 20 per cent-plus revenue contribution from cross-border flows alongside onboarding over 50,000 merchants in the same period. "Indian business growth is no longer domestic-only. Our exporters, SaaS firms, digital merchants and local retailers are all engaging globally, and they need ...

Chatroom: No GST on sale of uncleared imported goods at ports currently

Importers can transfer goods via bill of lading endorsement without GST if done before customs clearance, while RBI allows simplified closure of small outstanding IDPMS entries

RBI allows residents, non-residents to undertake rupee IRD transactions

New master directions allow residents and non-residents to trade rupee interest rate derivatives, with a PVBP limit of Rs 1,000 crore for foreign entities' speculative positions

Sanjay Malhotra's first year as RBI governor: Stability with reforms

The RBI under him prizes stability, yet remains open to reform. The onus is on the banking industry to prove it deserves Malhotra's trust

How to protect yourself from unsolicited cards, fraudulent transactions

Follow this complaint escalation path: Bank's grievance cell, ombudsman, consumer commission, and then civil or criminal court

Fino becomes first payments bank to get RBI's nod to convert into SFB

A payments bank is eligible to apply to transition into an SFB after completing five years of operations, subject to meeting compliance and regulatory requirements

We expect deposit rates to moderate after this rate cut, says RBI

RBI Governor Sanjay Malhotra said inflation remains benign and policy remains neutral, adding that future rate moves will depend on data and effective transmission

RBI emphatic on durable liquidity support; focus clearly on transmission

Multiple MPC members of late flagged the re-emergence of space for further monetary easing given the record-low CPI inflation

Not reading too much into IMF's 'crawl' remark: RBI Dy Guv Poonam Gupta

RBI deputy governor Poonam Gupta says the IMF's 'crawl-like' label is a sub-classification based on recent volatility data, and does not change India's managed-float exchange rate regime

Rupee weakens after RBI rate cut; Guv says external position comfortable

The rupee slipped after the RBI cut the repo rate by 25 bps, with traders citing dollar sales near 90.07 per dollar. Governor Sanjay Malhotra said reserves and the external sector remain comfortable