RBI says banks must release funds without legal documents in cases with survivorship clause or nominees; sets Rs 15 lakh threshold for claims without legal heir proof
System liquidity, as measured by the net position under the liquidity adjustment facility, has been in surplus, averaging ₹3 trillion per day since the last MPC meeting
RBI Governor Sanjay Malhotra says shift in household savings from deposits to equities is healthy, while urging curbs on mis-selling in bancassurance to protect consumers
The central bank also cut the inflation outlook for the current financial year by 60 basis points (bps) to 3.1 per cent which is significantly below its mandated target of 4 per cent
RBI's July survey shows higher consumer confidence in rural, semi-urban and urban areas, driven by optimism on economy, jobs, incomes and easing inflation expectations
The Governor further said that while crude oil is a key driver of inflation, stopping Russian oil purchases may not significantly impact inflation at this stage
With the rise in inflation from the fourth quarter, possibility of another rate cut uncertain, unless growth plays spoilsport
The move is aimed at making settlement of claims or return of articles from a locker smooth for relatives after the death of a customer
Maintaining its stance at ‘neutral’, the RBI’s Monetary Policy Committee has kept the repo rate unchanged at 5.5% in a unanimous decision. Meanwhile, it has also kept its FY26 GDP growth forecast unch
The panel has invited comments on the proposals by Aug. 29
RBI Governor Sanjay Malhotra says India contributes 18% to global GDP versus US share of under 11%, retains FY26 growth forecast at 6.5% despite Trump's 'dead economy' remark
On August 6, the RBI’s rate-setting panel maintained status quo on the repo rate and changed the policy stance.
The Reserve Bank of Indias Monetary policy committee kept the repo rate unchanged at 5.5% in its August monetary policy which is the third bi-monthly one for FY26.
RBI Governor Sanjay Malhotra says global uncertainties were already factored in previous growth forecasts and that RBI will continue to monitor macro conditions before revising projections
Banks will be setting up camps at the Panchayat-level from July 1 to September 30, to provide re-KYC services at consumers' doorsteps
RBI allows authorised dealer banks to open Special Rupee Vostro Accounts for foreign banks without prior approval, easing rules to boost rupee-based trade
Rupee touches 87.89/$ amid escalating US trade threats, nears record low but closes at 87.80 after RBI steps in; markets now eye RBI policy decision
After keeping rates unchanged for 11 meetings, the RBI has slashed repo in the last three policy reviews; economists await the August 6 outcome
Respondents expect downward revision in FY26 inflation forecast
State action overhaul: Three policy suggestions