RBI's new co-lending norms may shrink volumes in the short term as NBFCs face tech, cost and compliance hurdles - but lenders expect long-term growth once systems adapt
High bond yields are impacting government borrowing, says finance minister Nirmala Sitharaman, even as RBI intervenes to stem rupee depreciation
India's forex reserves jumped by USD 3.51 billion to USD 694.23 billion for the week ended August 29, the RBI said on Friday. The overall reserves had dropped by USD 4.386 billion to USD 690.72 billion in the previous reporting week. For the week ended August 29, foreign currency assets, a major component of the reserves, increased by USD 1.686 billion to USD 583.937 billion, the latest data showed. Expressed in dollar terms, the foreign currency assets include the effect of appreciation or depreciation of non-US units like the euro, pound and yen held in the foreign exchange reserves. The gold reserves increased by USD 1.766 billion to USD 86.769 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were up by USD 40 million to USD 18.775 billion, the apex bank said. India's reserve position with the IMF was also up by USD 18 million at USD 4.749 billion in the reporting week, the RBI data showed.
RBI Governor Sanjay Malhotra-headed Sub-Committee of FSDC-SC on Thursday discussed major global and domestic macroeconomic and financial sector developments and various issues that may have financial stability implications. The panel reviewed the progress in several inter-regulatory matters including simplification of KYC processes and special drives for financial inclusion, the RBI said after a meeting of the Sub-Committee of the Financial Stability and Development Council (FSDC-SC) chaired by the governor. "The FSDC-SC reaffirmed its commitment to continue its focus on improving financial sector resilience through inter-regulatory coordination; and keeping a close watch on emerging challenges including those from heightened trade uncertainty and persisting geopolitical frictions," it said. The panel also deliberated upon the National Strategy for Financial Inclusion (NSFI) 202530. It also reviewed the functioning of State-Level Coordination Committees (SLCCs) in states and Union
Yes Bank's share price was quoting 3.3 per cent higher at ₹20.2 per share against the previous close of ₹19.55 on the NSE
Three mega IPOs, from diverse businesses and historic relevance, could script a new story for India Inc
Banks are nearing their internal limits on state bond purchases amid rising supply and widening spreads, prompting RBI consultations ahead of the H2 borrowing calendar
Banks' reduced buying of state bonds could strain India's state governments, which have completed only about 26% of their planned borrowing this fiscal year
India's CAD narrowed to $2.4 billion in Q1FY26 from $8.6 billion a year ago as remittances surged 18% and services exports rose, offsetting a wider merchandise trade deficit
The high-value Rs 2000 notes worth Rs 5,956 crore are still in circulation, more than two years after the Reserve Bank's withdrawal of the currency notes, according to official data released on Monday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023. Rs 2000 banknotes continue to be legal tender. In a statement, the central bank said the total value of Rs 2000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, has declined to Rs 5,956 crore on August 31, 2025. "Thus, 98.33 per cent of the Rs 2000 banknotes in circulation as on May 19, 2023, has since been returned," it said. The facility for exchange of the Rs 2000 banknotes is available at the 19 issue offices of the RBI since May 19, 2023. From October 9, 2023, RBI issue offices are also accepting Rs 2000 banknotes from individuals/entities for deposit into their bank accounts. Further, public can send
The current account deficit stood at $2.4 bn, or 0.2% of GDP, in the first quarter of the fiscal year 2025-26, compared with a surplus of $13.5 bn, or 1.3% of GDP, in preceding quarter, data showed
The meeting will take place on Wednesday and Thursday, and comes at a time when banks are staring at huge treasury losses from the recent spike in bond yields
Despite a 1 percentage point rate cut, bond yields have been rising, and the spread between government securities and SDL as well as corporate papers is widening
Reserve Bank of India Deputy Governor M Rajeshwar Rao on Sunday emphasized that banking services, including digital platforms, are designed for public convenience and must be used responsibly. The Bankers' Club, Chandigarh, organized a walkathon on Cyber Security Awareness at Sukhna Lake here on Sunday which was flagged off by Rao. Rao noted that such physical initiatives, alongside RBI's online campaigns, are highly effective in spreading awareness. According to an official statement here, Rao said that while counterfeit currency circulation is minimal, the public must continue to use the "look, touch, and feel" method to verify notes. With growing adoption of digital payments, reliance on cash is declining, ensuring safer and more secure transactions. The walkathon event witnessed enthusiastic participation from bankers across the region, who came together to spread awareness on safe banking and responsible digital practices, the statement said. Rao congratulated the banking ..
RBI data showed net ECB inflows rose to $4.6 billion in April-June 2025 from $2.8 billion a year ago, even as registrations moderated and sectoral trends diverged
Capital investment by the private sector is likely to rise 21.5 per cent to Rs 2.67 lakh crore in 2025-26 aided by robust macroeconomic fundamentals, and a 100-bps policy rate cut, according to an RBI article. Despite global uncertainties, Indian firms entered the 2025-26 fiscal year with healthier balance sheets, higher cash buffer, improved profitability, and greater access to diversified funding sources, said the article 'Private Corporate Investment: Growth in 2024-25 and Outlook for 2025-26' published in the Reserve Bank of India's (RBI's) August bulletin. The continued policy push for infrastructure, sustained disinflation, combined with lower interest rates, easy liquidity conditions, and rising capacity utilisation, is fostering an environment conducive to private investment, it said. Drawing on data related to the phasing of capital expenditure (capex) plans announced by private corporates, the article assesses their investment intentions and provides insights into the ...
IndusInd Bank shareholders voted against a promoter resolution seeking to appoint two nominee directors, even as they approved Rajiv Anand's appointment as MD & CEO
India's GDP grew 7.8% in Q1 FY26, a five-quarter high led by manufacturing and services, though US tariffs pose risks to sustaining growth momentum
RBI study signals a cautiously optimistic outlook for private investments in FY26, backed by healthier balance sheets, policy support, and rising capex momentum
Headline inflation to remain significantly below target this year; S&P upgrade bodes well for yields