Page 4 - Rbi

HDFC Bank appoints Anup Bagchi as MD and CEO for three years after RBI nod

Bagchi will take charge on October 27, succeeding Shashidhar Jagdishan, as India's largest private sector lender navigates governance concerns and a leadership transition.

When complaints become insights

The next chapter in grievance redress is to ensure one customer's experience prevents the same problem for the next

RBI eases bank share acquisition norms for funds, insurers, pension funds

Eligible investors can seek one-time approval for subsequent acquisitions of up to 10 per cent in a bank, while prior approval remains mandatory for the initial acquisition

RBI extends benchmark issuance strategy to 7 more states, J&K from Q3 FY27

The framework will cover more states and Jammu and Kashmir from Q3 FY27, while total market borrowing by states and Union Territories is expected at ₹3.61 trillion.

India's $133 billion cash deluge puts RBI on a more hawkish policy path

Record inflows from Indians abroad have left banks flush with cash, pushing overnight rates below the RBI's 5.25 per cent policy rate as inflation pressures build

NSE moves closer to corporate bond index futures after Sebi nod

NSE has received Sebi's no-objection certificate to introduce corporate bond index futures, with the proposed product still requiring RBI approval.

Rupee to fall more, yield curve to shift higher in H2FY27: Gaura Sengupta

The rupee is expected to depreciate further against the US dollar, with RBI becoming increasingly selective in its intervention strategy, said Gaura Sengupta, chief economist, IDFC First Bank

FCNR(B) impact: RBI's net short forward book swells to record $200 billion

RBI's net short dollar position in the forward book surged to $200.06 billion at August-end as FCNR(B) flows boosted longer-tenure forward positions

After trade war, capital war?

Whether the AI bubble bursts or the borrowing binge continues, India will need to strengthen its defences

Sebi, RBI working to ease FPI onboarding, facilitate bond indices: Pandey

Regulators are working to make FPI registration faster and digital, streamline KYC and facilitate bond indices as foreign investor access to Indian markets expands

Best of BS Opinion: RBI's currency intervention must be limited

From RBI intervention in the rupee and questions over electoral-roll revisions to distressed assets, India's growth challenges and political grief, today's opinions examine institutional and economic

Rupee recoups intraday losses as RBI intervenes via dollar sales

The rupee recovered from an intraday low of 96.15 per dollar to close flat at 95.99, aided by RBI intervention, softer crude prices and foreign inflows

Distressed assets need a market

The IBC requires a wider pool of investors willing to price distress

Managing the rupee

RBI's currency intervention must be limited

RBI panel suggests higher WMA limit for states, flags year-end borrowing

Panel proposes raising aggregate WMA limit by 11.2% to ₹67,839 crore and urges states to spread market borrowings more evenly across the financial year

Nomura projects terminal repo rate of 5.75% following Oct, Dec hikes

The Reserve Bank of India (RBI) is likely to raise rates by 25 basis points in both October and December policy review meetings, reaching a terminal rate of 5.75 per cent, according to Japanese brokerage Nomura. The terminal rate represents the maximum or minimum target rate expected within a tightening or easing cycle, respectively. The likelihood of interest rate hikes is expected to decline starting in February 2027, driven by anticipated weaker consumer spending and a softer inflation outlook for the coming year. "The RBI hikes by 25 basis points in each of October and December to a terminal rate of 5.75 per cent, though there is some risk of a one-and-done hike. "We see the probability of rate hikes diminishing from February 2027 onwards, because of a potential consumption slowdown and a lower year-ahead inflation outlook," global financial services group Nomura said in a report on Tuesday. On inflation, Nomura expects cyclical pressures from food and energy prices to push up

Bank holidays in October 2026: Check state-wise RBI holiday list of 11 days

Banks in India will be closed for many days in Oct 2026, including national and regional holidays. The RBI's holiday calendar marks numerous non-working days affecting banks state-wise

Building investor trust: Key task at hand for new HDFC MD and CEO

The new chief will need to revive retail and deposit growth, rebuild CASA, improve margins and strengthen investor communication after years of stock underperformance

NRI deposit flows surge over 6x to $36.2 bn in Apr-Jul FY27: RBI data

FCNR(B) deposit flows surged to $34.53 billion in April-July FY27, while outward remittances under the LRS rose 4.7 per cent year-on-year to $9.37 billion

RBI net dollar purchases hit record $18.65 bn in July: Monthly bulletin

The central bank's concessional swap facility drove dollar inflows, while its outstanding net short position in the forward market surged to a record $136.77 billion