Any further policy tightening is likely to remain contingent on a sustained rise in energy prices or evidence of broader, demand-driven inflationary pressures.
The proposed framework sets capital, asset quality and governance criteria for cooperative credit societies seeking to become urban cooperative banks after a two-decade pause
RBI data shows a sharp divide among the categories of lenders in terms of penalties imposed
The apex court also directed the Centre and states to strengthen measures against digital arrest scams and asked authorities to improve victim compensation and fund recovery
The Supreme Court on Tuesday asked the Reserve Bank of India to prepare and circulate a standard operating procedure (SOP) for dealing with bank accounts linked to cyber frauds, including mule accounts. Issuing a slew of directions aimed at strengthening the response to cyber-enabled financial frauds, a bench comprising Chief Justice Surya Kant and Justices Joymalya Bagchi and V Mohana directed all states, Union Territories (UTs) and law enforcement agencies to ensure the expeditious adoption and operationalisation of the grievance redressal and money restoration modules developed for victims of such frauds. The bench was hearing a suo motu matter 'In Re: Victims of Digital Arrest Related to Forged Documents'. The bench also directed the RBI to provide copies of the SOP to the Registrars General of all high courts. It also asked states and UTs to undertake appropriate public awareness measures to ensure that citizens are informed about these mechanisms. The Registrars General of al
The central bank's six-member Monetary Policy Committee, headed by Governor Sanjay Malhotra, is expected to leave the repurchase rate unchanged at 5.25%
Banks sharply cut certificate of deposit issuances in July as strong FCNR(B) inflows under the RBI's swap scheme eased liquidity pressures and lowered funding costs
HDFC Bank and ICICI Bank have raised FCNR(B) deposit rates as lenders compete for foreign currency inflows ahead of the RBI's September-end swap window deadline
Former chief general manager-in-charge of the Department of Supervision will oversee the Foreign Exchange Department and Financial Markets Regulation Department
Nippon India MF expects the RBI to keep rates unchanged for now, while forecasting a limited 50-75 bps rate hike cycle over the next 12-15 months
Outstanding FCNR(B) deposits have risen to $60.55 billion from $32.56 billion since the RBI announced its concessional forex swap facility in early June
The three-day meeting of the Reserve Bank of India's rate-setting panel started on Monday amid expectations of a status quo on the benchmark repo rate, with the Monetary Policy Committee slated to announce its decision on August 5. As global uncertainties and inflation risks persist, most experts expect the six-member Monetary Policy Committee (MPC) to adopt a cautious approach despite resilient domestic economic growth. In June, the Reserve Bank had kept its key policy rate unchanged at 5.25 per cent and adopted a cautious wait-and-watch stance as policymakers assessed the fallout of the West Asia conflict. The central bank had raised the retail inflation estimate for 2026-27 to 5.1 per cent from its earlier estimate of 4.6 per cent, largely due to mounting input costs, triggered by the pass-through of higher global energy prices to retail rates of petrol and diesel. It lowered its GDP forecast for FY27 to 6.6 per cent from the 6.9 per cent estimated in April. RBI Governor Sanjay
The trade reflects a global trend, with the US yield curve sharply steepening after the Federal Reserve held interest rates steady last week
The RBI has projected an average inflation rate of 5.1 per cent for this financial year and is unlikely to change it much at this stage
RBI's trade monitoring framework should move from universal transaction matching to risk-based scrutiny, balancing foreign exchange controls with ease of doing business
FCNR(B) deposits contributed $36.7 billion as banks raised nearly $41 billion under the RBI's concessional swap facility in less than two months, exceeding the 2013 mobilisation
Fresh term deposit rates rose 16 basis points in June, while lending rates on new rupee loans edged higher and the one-year MCLR increased in July
Industrial lending gathered pace across micro, small, medium and large enterprises as non-food bank credit, services, agriculture and retail loans also recorded stronger growth
The self-regulatory body for business correspondents has sought a dedicated equity fund, access to financial inclusion support and a pricing review to strengthen last-mile banking
August 2026 brings several important changes that could affect your taxes, banking, travel and household expenses. From the ITR filing deadline and updated RBI credit card rules to CKYC 2.0,