The court asked the RBI to nominate a senior officer to facilitate talks and resolve the dispute over merchant classification and interchange fee claims within 30 days.
The consultations come after India changed its payments legislation on Monday, allowing firms to charge transactions of more than ₹2,000
The move follows the RBI's rejection of Tata Sons' application to deregister as a non-banking financial company, a decision that pushes the holding company closer to a stock market listing
Retail inflation, measured by CPI, rose to 4.82% in August from 4.45% in July, staying above the RBI's median 4% target for the third consecutive month
Rise due to hedging costs on interest, not absorbed by RBI
Liquidity and bank lending will need careful management
Economists expect the central bank to use OMO sales, sell-buy swaps and other liquidity-management tools to gradually absorb the durable surplus
Surplus liquidity has surged after RBI's special forex swap scheme, prompting the central bank to use bond sales to pull cash out of the banking system and realign overnight rates with its policy rate
Banks can hold fraud-linked amounts immediately; customers get 20 days to explain transactions
Order of preference in which two names are submitted to RBI is critical
RBI has cleared the decks for the listing of Tata Sons
The central bank on Sep 11, 2026, rejected Tata Sons' application for exemption from the core investment company category, making a public listing mandatory amid leadership turbulence at the group
RBI's directive for an immediate listing marks a turning point in a dispute spanning Tata Sons' private status, upper-layer NBFC classification and failed deregistration bid
Gold reserves, by contrast, declined by $2.59 billion to $113.81 billion during the week as gold prices fell 0.56 per cent to $4,429 an ounce
10-year bond yield hits 7% after three months
RBI Governor Sanjay Malhotra says nearly half of the $127.2 billion in FCNR(B) deposits mobilised under the concessional swap facility have a five-year tenure
The move comes after surplus cash with banks rose to a record high of around 11 trillion rupees following massive inflows under the central bank's recent capital-raising windows.
Reserve Bank's Monetary Policy Committee (MPC) will reassess growth and inflation dynamics at its meeting next month amid rising prices of crude oil due to the ongoing West Asia crisis, Governor Sanjay Malhotra said on Friday. In an interview to CNBC-TV18, the governor also said nearly 50 per cent of the Foreign Currency Non-Resident (Bank), or FCNR(B) deposits, mobilised under the forex swap facility is for 5-year tenor. The inflows under the FCNR (B) deposits totalled USD 127.22 billion in the recently concluded RBI swap facility. On inflation, Malhotra said the rising crude oil prices will have an impact but it will depend on how much is passed through, he said. "Crude has gone up. July was for the Indian basket an average of 82 billion dollars. August it has gone up to 90 billion dollars and so that will certainly have some impact, but it will depend again on the pass-through," Malhotra said in the interview. According to him, the government has to a great degree absorbed and .
RBI Deputy Governor Shirish Chandra Murmu says regulation should address risks appropriately while allowing responsible innovation and experimentation to scale
The comments come as the RBI deals with the fallout from record foreign-exchange inflows