The framework comes at a time when India's digital-payment ecosystem is rapidly expanding
The RBI has announced Rs 1 trillion in OMO purchases to cushion tightening from advance tax outflows, even as broader pressures on durable liquidity persist due to forex interventions
Instead, the regulator now said the NOFHC structure will be required only if the bank or its promoter proposes to establish any group entity in the future
RBI's draft rules propose compensation of up to ₹25,000 for digital fraud losses of up to ₹50,000, even in cases of customer negligence, if reported within five days
Government bond yields rose on Friday as crude and OIS rates climbed, before the RBI announced ₹1 trillion of bond purchases to ease liquidity tightness expected from March tax outflows
The guidelines come amid a rise in fraud cases as digital payments see wider adoption in the country
The scale of the intervention underscores the challenge the Reserve Bank of India faces in containing volatility triggered by the Middle East conflict that has entered its seventh day
After breaching 92 per dollar, the rupee rebounded sharply on RBI's heavy dollar sales, becoming the best-performing Asian currency even as geopolitical risks kept markets cautious
RBI data shows a strong shift in lending patterns after policy easing, with loans priced below 9% rising sharply as PSBs led credit growth and monetary transmission became more visible
Conflict in the Middle East poses some immediate-term challenges for the Indian economy but is unlikely to dent long-term economic growth momentum, an external member of the RBI's rate-setting panel has said. Going forward, there is a need for fiscal and monetary policies to work in a coordinated manner to push GDP growth to a higher trajectory, Nagesh Kumar has said. In the present scenario, a hike in oil prices, exports disruptions and impact on remittances have been identified as the immediate challenges on the growth front, he said. "The breakout of the Middle East conflict poses some immediate-term challenges for the Indian economy by raising oil prices, disrupting exports destined to the region and the potential loss of remittances, besides threatening security of the Indian diaspora in the region," Kumar told PTI in an e-mailed interview. In the immediate short run, he noted, the conflict is escalating with US-Israel strikes and oil prices are likely to harden. "Hopefully,
RBI's net short dollar position in the forward market climbed to $68.42 billion in January, with a rise in long-tenure contracts offsetting a decline in shorter-term positions
A ban on bank funding for proprietary trading, stricter collateral rules and higher haircuts are expected to hurt pvt banks' exposure and fee income, while shifting brokers toward CP, NBFC borrowing
The rupee slid to a new low of 92.30 per dollar as tensions in West Asia drove crude higher, before recovering after RBI sold dollars and bought bonds to curb volatility
RBI Deputy Governor Swaminathan J says India's path to Viksit Bharat@2047 depends on productive capital allocation, meaningful financial inclusion and strong customer protection
The rupee saw its sharpest fall in over five weeks as crude oil prices surged on rising West Asia tensions; RBI interventions helped prevent the currency from breaching the 91.5-per-dollar level
India's current account deficit widened to $13.2 billion in Q3FY26 as the trade gap expanded, though higher services receipts, lower investment outflows and stronger remittances provided some support
Payments bank says conversion into small finance bank will be completed before RBI's 18-month deadline and does not foresee any financial liability amid the ongoing GST probe
Japan and India have renewed their Bilateral Swap Arrangement, keeping the facility size at $75 billion, to strengthen financial safety nets and deepen economic cooperation
The traders noted that the central bank's dollar sales via state-run banks were not aggressive, and were likely intended to limit volatility
Das highlighted that India is now witnessing a rapid transformation fuelled by the so-called 'triple threat' of progress: innovation, disruption and the birth of entirely new business models