Page 2 - Rbi

Farm sector GVA up 3.5% in Q2, collapses in nominal terms on low inflation

Agriculture was expected to do well and growth at 3.5 per cent is supported by a good kharif harvest expected, which will reflect more in Q3, said Madan Sabnavis

Weekly govt bond auction sails through; Nov rupee's worst month since July

The govt's weekly bond auction saw strong demand with yields aligning to expectations, while the rupee recorded its weakest month since July amid dollar demand and cautious market sentiment

Digital banking cannot be made mandatory to access other services: RBI

RBI's new digital banking rules mandate explicit customer consent, prohibit banks from forcing digital channels for accessing other services and tighten risk controls

RBI Deputy Governor Swaminathan urges MFI lenders to review pricing

At an MFIN event in Mumbai, RBI Deputy Governor Swaminathan J. said microfinance lenders must ensure pricing reflects cost and risk, improve borrower assessments

Govt & RBI to launch unified platform for unclaimed deposits and investments

A major initiative is underway to help citizens recover long-forgotten bank deposits, shares, dividends, insurance proceeds and pension balances.

India's forex reserves fall $4.47 bn to $688.1 bn on gold valuation drop

India's forex reserves declined USD 4.472 billion to USD 688.104 billion during the week ended November 21 due to a steep decrease in the value of gold reserves, the RBI said on Friday. The overall reserves had increased by USD 5.543 billion to USD 692.576 billion in the previous reporting week. For the week ended November 21, foreign currency assets, a major component of the reserves, decreased by USD 1.69 billion to USD 560.6 billion, the data released showed. Expressed in dollar terms, the foreign currency assets include the effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of the gold reserves decreased by USD 2.675 billion to USD 104.182 billion during the week, the RBI said. The Special Drawing Rights (SDRs) also decreased by USD 84 million to USD 18.566 billion, the apex bank said. India's reserve position with the IMF also fell by USD 23 million to USD 4.757 billion in the reporting week

RBI imposes ₹91 lakh penalty on HDFC Bank for violation of norms

The bank had also outsourced the function of determining compliance with KYC norms of certain customers to its outsourcing agents

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

The RBI has opened the M&A financing market to PSBs, but banks now face challenges around compensation structures, governance oversight, specialist hiring and regulatory constraints

Lost track of old deposits or shares? Govt, RBI to launch one-stop portal

The integrated portal would make it substantially easier for citizens to locate their unclaimed funds and convenience, transparency and trust.

Sensex and Nifty scale fresh highs, but end flat on profit booking

Indian benchmarks hit fresh intraday highs, lifted by hopes of rate cuts and strong earnings, but profit booking at higher levels kept the Sensex and Nifty from extending gains at the close

India's house price index rises 2.2% in Q2 as RBI updates base year

The All-India House Price Index (HPI) based on transactions in 18 major cities increased at a slower pace of 2.2 per cent in the second quarter of the current fiscal compared to 7 per cent in the year-ago period, according to Reserve Bank data released on Thursday. The Reserve Bank of India (RBI) compiles the HPI quarterly based on transaction-level data received from the registration authorities. The central bank released its HPI for Q2:2025-26 with a new base year of 2022-23. The earlier base year was 2010-11. "All India HPI recorded an annual growth (y-o-y) of 2.2 per cent in Q2:2025-26 as compared to 7 per cent registered in the corresponding quarter a year ago. The cities like Nagpur, Ghaziabad, and Chandigarh contributed for the rise in HPI," RBI said. The value of House Price Index declined from 113.4 to 112.7 in Q2:2025-26 as compared to Q1:2025-26, owing to decrease of the index for major cities, namely Kolkata, Chennai, Lucknow and Hyderabad. On a quarter-on-quarter basi

New banking connect platform to give RBI real-time oversight of transfers

Banking Connect, a newly launched net banking platform, will help the Reserve Bank of India monitor fund transfers in real time, a top official of NPCI Bharat BillPay said on Thursday. NPCI Bharat BillPay (NBBL) is targeting an increase of nearly four times in the number of monthly bills processed to 1 billion in four years, as against 260 million at present, Noopur Chaturvedi, managing director and chief executive of NPCI Bharat BillPay (NBBL), told reporters here. A real-time view of transactions on the Banking Connect platform will help the regulator monitor fund transfers to sectors such as cryptocurrency and gaming, Chaturvedi added. At present, it takes at least a week for the RBI to receive transaction data from banks via net banking, and sometimes it can take up to a year, she said. It is worth noting that the RBI has an aversion to private cryptocurrencies such as Bitcoin and has also taken a slew of regulatory measures to restrict their use. The government has recently ta

Paytm arm PPSL gets RBI approval to operate as payment aggregator

Fintech firm One97 Communications said its subsidiary, Paytm Payments Services Limited, has received the RBI permit after a long wait to operate as a payment aggregator. The Reserve Bank of India granted in-principle approval to Paytm Payments Services Limited in August to operate as an online payment aggregator. "...Reserve Bank of India on November 26, 2025, has granted Certificate of Authorization (COA) to Paytm Payments Services Limited (PPSL)...to operate as a Payment Aggregator under the Payment and Settlement Systems Act, 2007," One97 Communications said in a regulatory filing. The banking regulator had also removed restrictions from Paytm Payments Services Limited on onboarding new merchants, which were imposed on the company on November 25, 2022. In November 2020, PPSL applied for a licence with the Reserve Bank of India (RBI) to operate as a payment aggregator under the guidelines on Regulation of Payment Aggregators and Payment Gateways. However, in November 2022, the R

RBI expected to cut interest rate to 5.25% as inflation drops: Poll

RBI Governor Sanjay Malhotra said this week that recent economic data suggested there was still scope to cut interest rates

Sharp fall in inflation strengthens case for RBI to ease rates again

The MPC reduced the policy repo rate by 100 basis points this year, and its decision in the December meeting will depend largely on how it expects the inflation rate to evolve in the coming quarters

SBI confident of 3% NIM even if RBI cuts rate next week: Chairman Setty

State Bank of India is confident of achieving its 3 per cent net interest margin guidance even if the Reserve Bank decides to cut the repo rate by 0.25 per cent in next week's monetary policy review, Chairman C S Setty said. In an interview with PTI, the SBI chairman said that the RBI decision next Friday will be a "close call" and added that the house view at SBI is pointing towards a shallow cut of 0.25 per cent. "...if December rate cut is there, but our house view again is that it would be a shallow rate cut of 0.25 per cent, so it may not have any significant impact on the margins," he said. Earlier this month, before the release of official data pointing to inflation cooling to the lowest ever rate of 0.29 per cent in October, SBI had opined that RBI will opt for a pause in December and cut the interest rate in February. Earlier this week, RBI Governor Sanjay Malhotra said that there is a space for a rate cut and it was mentioned in the last bimonthly policy in October. The

Seasonality rises in demand deposits, banks' cash in hand, says RBI report

Seasonality, a fundamental component of economic data alongside trend and cyclical movements, reflects recurring patterns arising from weather, production cycles, holidays and institutional behaviour

Net ECB inflows moderate to $8 bn in Apr-Sep as registrations decline

Net ECB inflows eased to $8 bn in April-September 2025 as borrowings fell yoy, but inflows still exceeded outflows, prompting RBI to adjust norms amid a strong external sector

Nifty PSU Bank index up 2%, SBI at new high; here's why PSBs are in demand

Indian Bank, Bank of Maharashtra, Bank of Baroda, Central Bank of India and Canara Bank were up in the range of 2 per cent to 3 per cent in intra-day trade on Tuesday.

What India can do to address its low-inflation problem and aid growth

Traders attributed at least part of the slide to the RBI's reluctance to intervene, breaking with the practice of recent months as the currency weakened largely due to an elusive trade deal with US