Page 8 - Rbi

Will re-evaluate universal bank licence application: Jana SFB chief

Jana Small Finance Bank expects 80% profit growth in FY27 as microfinance stress eases, while remaining open to reapplying for a universal banking licence

RBI's Financial Inclusion Index rises to 70 in FY26 on higher usage

RBI's Financial Inclusion Index improved to 70 in FY26 from 67 a year earlier, driven mainly by higher usage, while all three sub-indices registered growth

Banks cannot sell back recovered immovable properties to borrowers

RBI bars banks from selling recovered properties back to borrowers, introduces norms for handling acquired non-financial asset

Making India attractive to foreign capital: Beyond the RBI's June measures

The RBI's June measures have bought India some time. The challenge now is to use that time wisely

RBI's Financial Inclusion index rises 4.48% in FY26, sees uniform growth

Reserve Bank's FI-Index, which captures the extent of financial inclusion in the country, rose 4.48 per cent during the year ending March 2026, the central bank said on Thursday. The Reserve Bank of India had constructed a composite Financial Inclusion Index (FI-Index) in consultation with concerned stakeholders, including the government. The annual index was first published in August 2021 for the fiscal year ending March 2021. "Index for the year ending March 2026 has since been compiled. The value of FI-Index for March 2026 stands at 70.0 vis-a-vis 67.0 in March 2025, with growth witnessed across all sub-indices," the Reserve Bank of India (RBI) said. The improvement in the FI-Index this year is mainly on account of an uptick in usage, reflecting the deepening of financial inclusion, it added. The FI-Index has been conceptualised as a comprehensive index incorporating details of banking, investments, insurance, postal, as well as the pension sector, in consultation with the ...

RBI Grade B 2026 admit card for Phase 2 released online; how to download

The Reserve Bank of India (RBI) has issued the RBI Grade B 2026 admit card for Phase 2 on its official website. The bank will hold the RBI Grade B exam for Phase 2 on July 25 and 26

HDFC Bank gets RBI nod for former CEC Rajiv Kumar as part-time chair

Former Chief Election Commissioner Rajiv Kumar will serve as HDFC Bank's part-time chairman for three years after receiving the Reserve Bank of India's approval

India posts $2 bn current account deficit in May as trade gap widens

India recorded a $2 billion current account deficit in May as the merchandise trade gap widened, while the balance of payments registered a deficit of $4.4 billion

RBI approves appointment of Rajiv Kumar as part-time chairman of HDFC Bank

HDFC Bank on Wednesday said RBI has approved appointment of former Chief Election Commissioner Rajiv Kumar as part-time chairman of the bank for a period of three years. His appointment comes into effect from July 15, 2026, HDFC Bank said in a regulatory filing. Interim chairman Keki Mistry continues to be a non-executive non-independent director of the bank, it added. Kumar is former Chief Election Commissioner of India and Finance Secretary. Kumar had been instrumental in revitalising public sector banking and the financial sector as Secretary Department of Financial Services between 2017 and 2020. Within a fortnight of Kumar joining Department of Financial Services, accounts of about 3.38 lakh shell companies were frozen, hitting at the architecture of black money itself. Curbs on ponzy schemes followed. Through decisive policy direction and execution, Kumar led a comprehensive clean-up of bank balance sheets by mandating transparent recognition and provisioning of NPAs and by

RBI Ombudsman scheme offers up to Rs 33 lakh to customers: Know rules

The revamped grievance redressal framework is free to use, but customers must follow specific steps before approaching the regulator

Best of BS Opinion: Oil and monsoon will drive RBI's inflation debate

Today's opinions analyse inflation risks, education quality, AI's impact on jobs, China's economic influence and how nutrition can help improve healthy ageing

RBI proposes one-time nod for MFs, insurers to raise bank stakes

The central bank has proposed a one-time approval mechanism for mutual funds, insurers and pension funds to acquire major shareholding in banks, replacing repeated approvals

Setting the agenda: RBI directs bank boards to sharpen strategic focus

The revised framework, effective October 1, 2026, requires bank boards to define reserved matters, review delegated powers and devote greater attention to strategy and risk governance

Leverage advanced tech to reduce costs, RBI Governor Malhotra tells banks

Takes stock of FCNR (B) deposit mobilisation

India Inc's ECB, FCCB fundraising intent rises to $4.74 billion in May

Indian companies filed proposals to raise $4.74 billion through ECBs and FCCBs in May 2026 under the automatic route, with IRFC, NTPC and REC among key borrowers

Citi, others retract India rate hike calls as inflation may stay moderate

Cooling core inflation and a lower annual inflation outlook are prompting economists to scale back expectations of RBI rate hikes despite June's retail inflation uptick

India draws nearly $10 billion under RBI's deposit drive to support rupee

The RBI announced a zero-cost foreign-exchange swap facility at its June ​5 policy meeting for deposits raised from non-resident Indians, allowing banks to offer higher returns on such deposits

India asks state-owned banks to step up foreign currency deposits

The Centre has asked state-run banks to intensify efforts to mobilise NRI deposits as policymakers seek to strengthen foreign exchange reserves

India's retail inflation breaches RBI target to hit 4.38% in June

Fuel costs lift food prices; experts don't expect rate hike

Rupee hits 1-month low as West Asia tensions, oil prices weigh on sentiment

The rupee fell to a one-month low against the US dollar as rising crude oil prices and renewed tensions in West Asia weighed on sentiment, with RBI intervention limiting losses