Page 16 - Rbi

MobiKwik gets RBI nod for offline payment aggregator licence expansion

The fintech firm plans to scale its merchant payments business tenfold by FY28 after receiving the RBI's in-principle nod for a Payment Aggregator-Physical licence

ICICI Bank's shares jump 2% after RBI okays Sandeep Bakhshi's reappointment

ICICI Bank shares gained after RBI approved the reappointment of Sandeep Bakhshi as MD & CEO for another two years starting October 2026

RBI, credit-rating firms assess West Asia conflict risks on India Inc

The consultations were aimed at evaluating conditions on the ground so authorities would not be caught off guard if the conflict deepens

A wrong tool for the rupee and serious side effects on growth prospects

A stable rupee also lowers the currency-risk premium FPIs demand, reducing both required returns and inflation risk

Credit card spends rise 7% to ₹1.97 trillion in April 2026: RBI data

Credit card spends rose 7.06 per cent year-on-year in April 2026, driven by growth in PoS and e-commerce transactions, according to RBI data

RBI forms panel to study quantum technology risks in finance sector

RBI has constituted an expert committee to assess risks and opportunities linked to quantum technology and recommend a roadmap for a quantum-secure financial ecosystem

Not a BoP but a growing price adjustment problem for India's economy

The first of a two-part series explores the underlying causes of India's balance of payments issue, and offers some solutions

RBI sets 3-year cooling-off for co-op bank directors after 10 years

RBI has mandated a three-year cooling-off period for directors of urban co-operative banks after 10 continuous years on the board

Should you buy bonds? Axis MF sees near-term rally if RBI avoids tightening

Axis MF advises bond investors to gradually add Duration as RBI may avoid aggressive rate hikes despite oil risks and inflation concerns

RBI will do 'whatever is required' to ensure orderly forex market: Guv

Malhotra said the rupee currently appears undervalued following a sharp depreciation of around 6 per cent since the West Asia war erupted on February 28

Federal Bank appoints Elias George as part-time chairman after RBI nod

The Reserve Bank of India has approved the appointment of former IAS officer Elias George as Federal Bank's part-time chairman for three years

Revenue channels: RBI's surplus transfer will not ease fiscal pressure

The crisis in West Asia and the resultant surge in prices of crude oil have significantly complicated the overall Budget arithmetic

Rupee ends roller-coaster week with gains; forex kitty shrinks $8 bn

Rupee rebounds sharply over the last two sessions amid aggressive RBI intervention and easing crude oil prices, while forex reserves decline by $8 billion

Rising crude oil prices a challenge for external sector: RBI's report

RBI warns elevated crude oil prices and supply pressures could fuel inflation risks and strain India's external sector despite resilient growth

Net FDI into India rises sharply to $7.65 billion in FY26: RBI data

Net FDI into India rises sharply in FY26, aided by higher gross inflows and reinvested earnings, though portfolio investment flows remain weak

RBI surplus transfer to govt hits a new high of ₹2.87 trillion in FY26

Contingent risk buffer cut to 6.5% from 7.5%; forex sales aid income growth

Outward remittances slipped 2% to $28.98 billion in FY26: RBI data

India's outward remittances under the Liberalised Remittance Scheme declined in FY26 amid weaker overseas education and international travel spending

RBI net-sold record $53.13 billion in FY26, shows monthly bulletin

RBI records highest-ever net dollar sales in FY26 as the rupee remains under pressure from global uncertainty, capital outflows and rising crude prices

Record RBI dividend likely to provide limited fiscal support: Economists

Economists warn of fiscal slippage risks in FY27 despite RBI's record surplus transfer, citing higher subsidy burden and lower revenue growth

Crude oil prices remain risk to external sector outlook: RBI Bulletin

The financial conditions, crude oil prices, and capital flows continue to pose challenges to the external sector outlook amid the West Asia conflict, Reserve Bank Bulletin said on Friday. The global economy continued to be shadowed by uncertainties in West Asia, said an article on the state of the economy published in the May Bulletin. Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments, it said. In agriculture, summer sowing progressed well, supported by above normal pre-monsoon rainfall and comfortable reservoir levels, the article said, adding that CPI inflation rose to 3.5 per cent in April, driven mainly by food inflation, while core inflation remained steady. It noted that the conflict in West Asia continued to exert pressure on commodity markets, global trade flows and supply chains, contributing to the volatility in financial markets. "India has entered this phase from a position of ...