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
Shares of microfinance focused lenders saw sharp drop on Friday
India's forex reserves dropped by USD 2.119 billion to USD 723.608 billion during the week ended February 20, the RBI said on Friday. In the previous reporting week, the overall reserves had jumped by USD 8.663 billion to a new all-time high of USD 725.727 billion. For the week ended February 20, foreign currency assets, a major component of the reserves, decreased by USD 1.039 billion to USD 572.564 billion, the data released by the central bank 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 dropped by USD 977 million to USD 127.489 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down by USD 84 million to USD 18.84 billion, the apex bank said. India's reserve position with the IMF was also down by USD 18 million to USD 4.716 billion in the reporting week, according to
The clarification follows industry representations seeking clarity on whether PA norms apply to P2PM transactions, which typically involve small merchants and low ticket sizes
DFS to again meet on shadow banks next week
At a two-day workshop with 60 banks, RBI called for stronger governance, better internal controls and greater tech adoption to counter rising cyber-enabled financial frauds
The bank will look to dilute a minimal stake in the wholly owned NBFC now that norms on overlapping business have been relaxed by the central bank
RBI has permitted NUCFDC to offer equity shares on a private placement basis to more than 200 persons annually, subject to policy, reporting and usage conditions
Manappuram Finance CEO Deepak Reddy has gone on medical leave for up to 120 days, even as Bain Capital prepares to assume promoter status and secure rights to nominate key executives
The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99 per cent in Bandhan Bank, according to a regulatory filing on Thursday. Bandhan Bank informed stock exchanges that the RBI, through a letter dated February 25, 2026, accorded its approval to the fund house to acquire up to 9.99 per cent of the paid-up share capital or voting rights in the lender. The approval is subject to compliance with the provisions of the Banking Regulation Act, 1949, the Reserve Bank of India (Commercial Banks ' Acquisition and Holding of Shares or Voting Rights) Directions, 2025 dated November 28, 2025, as amended from time to time, the Foreign Exchange Management Act, 1999, and regulations issued by the Securities and Exchange Board of India, among other applicable statutes and guidelines, the bank said. The RBI has stipulated that if the applicant fails to acquire the major shareholding within one year from the date of its letter, the approval
As per the RBI holiday calendar, banks in India will observe a number of public and regional holidays in March 2026. These holidays differ from state to state and are not consistent nationwide
India's banking system liquidity surplus has averaged around 1.1 per cent of deposits this month, inching past the 1 per cent threshold that the Reserve Bank of India indicated in December
RBI data shows listed private non-financial firms posted 10.1% growth in Q3FY26 - their first double-digit rise in nearly 3 yrs - driven by a rebound in manufacturing and stronger sectoral performance
Credit card spending eased to Rs 2 trillion in January after festive highs, though outstanding cards rose to 116.65 million as issuers recalibrated amid tighter norms and shifting customer profiles
RBI proposes bank lending route as trusts raise record ₹37,742 crore in FY26
RBI Deputy Governor Poonam Gupta says retail inflation should remain benign, while India's underlying growth trend has steadily accelerated over four decades amid resilient macro fundamentals
The RBI's Master Directions aim to identify frauds and unscrupulous borrowers for timely action, and every violation of the same is not subject to judicial scrutiny, the Bombay High Court has said while lifting the stay on action by three banks to classify industrialist Anil Ambani's accounts as fraud. A bench of Chief Justice Shree Chandrashekhar and Justice Gautam Ankhad on Monday quashed a single bench order of December 2025, which stayed the action initiated by three public sector banks based on the Master Directions issued by the RBI to classify Ambani's and Reliance Communications Ltd's bank accounts as fraud. The court allowed appeals filed by the three public sector banks and the auditor firm BDO India LLP against the December 2025 interim order passed by a single bench of the HC. The division bench held the single bench order as "perverse and illegal" and in breach of natural justice and said it suffers from "procedural irregularity and impropriety". The court in its ...
Although the RBI's reserves are at a record high, boosted by a historic rally in gold, it is carrying a $62 billion short forward book
FY27 Q1-Q2 inflation forecast may be raised 20-30 bps, says MPC member Saugata Bhattacharya
Earlier on Monday, Sebi chairman Pandey said the stock market regulator has received a representation from the industry on the issue