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Interest rates on fresh deposits declined sharply by 35 bps in April

Fresh deposit rates declined more sharply than lending rates in April, as RBI's policy easing and surplus liquidity support rate transmission across the banking system

Banks' gold loan growth more than doubles in April on price surge

Gold loan growth rises 119.6% YoY to Rs 2.23 trillion in April 2025; RBI data shows slowdown in retail and NBFC credit growth despite robust rise in gold-backed lending

RBI plans guidelines to curb mis-selling of financial products in FY26

As complaints rise, RBI will frame rules in FY26 to curb mis-selling of financial products by banks and NBFCs, with possible impact on insurers' banca channels

India's forex reserves rise $6.99 billion to $692.72 billion: RBI

India's forex reserves jumped by USD 6.992 billion to USD 692.721 billion during the week ended May 23, the RBI said on Friday. In the previous reporting week ended May 16, the overall reserves had dropped by USD 4.888 billion to USD 685.729 billion. The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024. For the week ended May 23, foreign currency assets, a major component of the reserves, increased by USD 4.516 million to USD 586.167 billion, the data released on Friday 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 2.366 billion to USD 83.582 billion during the week, the RBI said. The Special Drawing Rights (SDRs) rose by USD 81 million to USD 18.571 billion, the apex bank said. India's reserve position with the IMF was also up by USD 30 million at USD 4.40

India's GDP grows at 7.4% in Q4 FY25; full-year growth estimated at 6.5%

RBI had pegged the fourth quarter's GDP growth at 7.2%, and FY25 at 6.6%

RBI to prepare framework for ethical adoption of AI in financial sector

The Reserve Bank will prepare a framework for responsible and ethical adoption of artificial intelligence (AI) in the financial sector during the current financial year, the central bank's annual report said. Driven by rapid advances in computing power and the vast availability of digital data, AI and machine learning (ML) technologies have seen growing interest and significant progress in recent years, with financial institutions globally and domestically increasingly adopting these technologies. The Reserve Bank will prepare a framework for responsible and ethical adoption of AI in the financial sector, as per the agenda for 2025-26 spelt in the RBI's annual report for 2024-25. "The Reserve Bank is exploring and implementing AI/ML-driven solutions in its own functions," it said. It has constituted an external committee in December 2024, comprising experts with a mandate to recommend a Framework for Responsible and Ethical Enablement of AI in the financial sector. The Reserve Ban

Government keen to increase credit availability to MSMEs, says official

The government wants to increase credit availability to micro, small and medium enterprises (MSMEs) and also improve them by enhancing technology, an official said on Friday. Addressing CII's Annual General Meeting, Rajneesh, Additional Secretary and Development Commissioner, Ministry of MSME said India is the fourth largest economy today and would be the third-largest soon. Rajneesh highlighted how MSMEs took a hit during COVID-19 but turned around very fast. He said that MSMEs provide employment to 27 crore people and that is why the ministry keeps them in mind while making policies. "We want to increase credit availability to MSMEs. This year Budget provided for providing credit cards to micro enterprises," he said adding MSME NPAs (bad loans) were less than 5 per cent in last five years as per RBI data. He also highlighted the role of technology to improve MSMEs, suggesting that through use of technology issues between environment concerns and growth aspirations can be ...

Muthoot Finance soars 7% as FinMin seeks exemptions for gold loan norms

Shares of Muthoot Finance rose nearly 7 per cent on Friday after the government asked RBI to ensure small borrowers are not affected

Finance ministry seeks relaxation in RBI's new gold loan proposals

In April this year, the RBI had proposed tighter rules for monitoring and disbursement of gold loans, often used by low-income borrowers

RBI balance sheet grows 8.2% to ₹76.25 trillion in FY25, surplus up 27%

RBI's balance sheet grew to ₹76.25 trillion in FY25 with a record ₹2.69 trillion surplus and higher gold, domestic and foreign investments; gold holding rose 57.48 tonnes

Net household financial savings rebound, India to lead growth in FY26: RBI

RBI annual report says household savings recovered to 5.1% of GNDI in FY24, projects 6.5% GDP growth for FY26 as India remains the fastest-growing major economy

Reserve Bank of India lens on payment fintechs over misclassified merchants

Several payment aggregators are said to have misclassified merchants, typically in the retail category, under utility - a segment that traditionally draws lower interchange rates

Review of the monetary policy framework on RBI's agenda for FY26

Central bank also likely to assess liquidity level needed for policy transmission

Lenders told to monitor gold loan portfolios, ensure checks in place: RBI

RBI urges banks and NBFCs to improve gold loan oversight, citing lapses in LTV monitoring, risk assessment, and auction transparency in its annual report

Insured deposits rise 7% to ₹96.7 trillion as of Sept 2024: RBI report

RBI annual report shows insured deposits rose to ₹96.7 trillion with 97.7% of accounts covered; DIF grew 15.2% while ₹476 crore in claims was settled in FY25

Currency printing expenditure rises 25% to ₹6,372.8 cr in FY25: RBI

The expenditure incurred on security printing during 2024-25 increased by nearly 25 per cent to Rs 6,372.8 crore as against Rs 5,101.4 crore in the previous year mainly due to increase in indent for printing of banknotes, according to the RBI's annual report released on Thursday. The value and volume of banknotes in circulation increased by 6 per cent and 5.6 per cent, respectively, during 2024-25. "During 2024-25, the share of Rs 500 banknotes at 86 per cent, declined marginally in value terms," said the RBI's Annual Report for 2024-25. In volume terms, Rs 500 denomination at 40.9 per cent, constituted the highest share of the total banknotes in circulation, followed by Rs 10 denomination banknotes at 16.4 per cent. The lower denomination banknotes (Rs 10, Rs 20 and Rs 50) together constituted 31.7 per cent of total banknotes in circulation by volume. The withdrawal of Rs 2000 banknotes from circulation, initiated in May 2023, continued during the year and 98.2 per cent of Rs 3.5

RBI's net income rises 27.5% to ₹2.69 trillion in FY25 on forex gains

The size of the RBI's balance sheet increased by 8.2 per cent to Rs 76.25 trillion

Sebi bans IndusInd Bank ex-CEO, 4 others from trading in securities market

Sebi bars former IndusInd Bank CEO and four top executives for insider trading after they allegedly sold shares while aware of ₹1,572 crore accounting discrepancies

PayPal receives RBI nod to operate as cross-border payment aggregator

PayPal Payments Pvt Ltd (PayPal), the Indian subsidiary of PayPal Holdings Inc, has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment AggregatorCross BorderExports (PA-CB-E). This marks a key milestone in PayPal's operations in India and its continued support for Indian small businesses, enabling secure cross-border payments to approximately 200 markets, the company said in a statement. The approval comes as India's exports reached USD 73.8 billion in April 2025, underscoring the increasing momentum in cross-border trade. "The in-principle PA-CB-E approval by RBI is a significant milestone for PayPal. It reflects the strength of India's regulatory vision and the progress toward seamless, secure cross-border transactions. As India grows into a global export hub, PayPal remains committed to empowering Indian businesses with trusted digital payment solutions," Nath Parameshwaran, Senior Director - Government Relations at PayPal India, said. Wi

Govt nominees in Payments Regulatory Board may help bridge RBI-FinMin gap

The top priorities for the new board could include decisions on how Unified Payments Interface (UPI) is incentivised in the future