Reserve Bank

Currency in circulation growth hits five-year high, says RBI report

Currency in circulation rose 13.5% YoY to ₹43.46 trillion in October, while reserve money grew 10.3%, supported by FCNR(B) inflows and RBI liquidity measures

Govt open to debate on LTCG tax, STT ahead of Budget: FM Sitharaman

Finance Minister Nirmala Sitharaman said investors in India and abroad have raised questions about capital gains taxation, STT and whether different asset classes should be taxed on similar lines

RBI tightens rupee derivatives rules, widens 20% cash reserve requirement

The move is the latest in a slew of measures announced by the central bank since Saturday aimed at supporting the rupee, which has been falling due to steep oil prices and capital outflows

RBI MPC raises FY27 inflation forecast to 5.2%, projects GDP growth at 7.1%

RBI MPC October 2026: The policy committee raised the repo rate to 5.5% and changed the stance to 'calibrated tightening'

RBI announces two measures to ease financial information access for users

The RBI will allow interoperability among account aggregators and enable bank deposit details in consolidated account statements, alongside a new financial markets committee

RBI completes ₹1 trillion net debt sale for first time in a decade

New Delhi recently reduced the supply ​of debt maturing in three and five years for the rest of the fiscal year, signalling more open-market ​operations (OMO) from the RBI, market participants said.

RBI Central Board reviews global, domestic risks to economic outlook

The RBI's Central Board also reviewed various areas of the central bank's operations, including the functioning of its committees and the Ombudsman Scheme

July 2026 bank holidays: Full state-wise list of bank closures across India

Bank customers should be aware of the bank holidays in July 2026. To prevent inconvenience, crucial banking tasks should be scheduled around these particular periods

RBI asks banks to provide shadow reversal in 5 days for credit card frauds

The Reserve Bank on Wednesday said in case of complaints of fraudulent electronic banking transactions via a credit card, a bank should provide shadow reversal or provisional credit of the disputed amount within 5 days from the date of customer notification. The RBI has issued revised framework on limiting customer liability in digital transactions. A bank should design its systems and procedures to make customers feel safe about carrying out electronic banking transaction (EBT) and it should put in place appropriate systems and procedures to ensure safety and security of EBTs carried out by customers, the amended norms said. "A bank shall mandatorily send instant SMS alerts to its customers for all EBTs of value more than Rs 500. For EBTs of value up to Rs 500, a bank may decide to send instant SMS as per its internal policy but without any charge to the customer," the RBI said. These norms will come into effect from January 1, 2027. Also, the bank's communication systems, deploy

RBI's gold stock remains unchanged for the eighth consecutive week

The stock had increased from 880.34 metric tonnes in the week ended March 20 to 880.52 metric tonnes in the week ended April 3. The physical stock of gold has remained unchanged since then

RBI cancels licence of Karnataka's Shree Mahalaxmi Co-op Credit Bank

The Reserve Bank has cancelled the licence of Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its worsening financial position. The Registrar of Co-operative Societies, Karnataka has also been requested to issue an order for winding up the bank and appoint a liquidator, the Reserve Bank of India (RBI) said in a statement on Thursday. On liquidation, about 97.9 per cent of depositors would receive full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC). Giving reasons for cancellation of the licence, the RBI said the lender does not have adequate capital and earning prospects and does not comply with certain provisions of the Banking Regulation Act, 1949. "The bank with its present financial position would be unable to pay its present depositors in full," it said, and added continuation of the bank will be prejudicial to the interests of its depositors. Consequent to the cancellation of its licence, Shree Mahalaxmi Urban .

Centre reappoints RBI Deputy Governor Swaminathan J. for 2 years

The Centre has extended the tenure of RBI Deputy Governor Swaminathan J. by two years from June 26, 2026, following his first term at the central bank

RBI must let rupee depreciate, avoid rate hikes to tame inflation: Subbarao

Former RBI Governor Duvvuri Subbarao has said the central bank must allow some more depreciation in the rupee to help absorb external pressures, and choose liquidity measures, rather than going for rate hikes, if inflation risks intensify. In comments that come days ahead of the second meeting of the rate setting panel for FY27, Subbarao said the monetary policy should be used as a "last resort" to defend the exchange rate. "RBI may of course tighten monetary policy if it believes that to be justified by inflation concerns," Subbarao, who served as the RBI governor between 2008 and 2013, said. "The rupee should be allowed to adjust rather than be rigidly defended because the current pressures reflect a deterioration in India's external balance. A weaker rupee acts as a natural shock absorber," former RBI chief told PTI in an interview. The local currency has been depreciating due to geopolitical uncertainty and the West Asia crisis and touched a lifetime low of 97.15 against the US

RBI, Irdai not inclined to allow commodity derivative investments: Sebi

Sebi Chairman stated that pension fund regulator had also looked at allowing pension funds to invest in commodity derivatives, but ​did not disclose whether it had made a decision

Rohit Jain appointed RBI Deputy Governor for 3 yrs, to succeed Rabi Sankar

Jain has, over a span of about three decades, served in supervisory, human resource management, banking, and other areas in the Reserve Bank

India can grow above 7.5% without stoking inflation: RBI Deputy Governor

Reserve Bank of India says India can sustain over 7.5% growth without inflation, backed by strong BoP fundamentals and effective policy transmission

Bank holidays in May 2026: Check complete list, state-wise closures here

According to the RBI, banks will stay closed for 12 days out of the 31 days in May 2026. These include weekends, festivals, and regional holidays, so it is advisable to check before heading out

RBI's expected credit loss guidelines may hit PSBs, mid-tier banks harder

Large private lenders seen to be better cushioned as higher provisioning raises capital costs

External debt and inflation within target: RBI governor Sanjay Malhotra

Malhotra further highlighted India's continued commitment to regulatory reforms and enhanced ease of access and operations for foreign investors

Committed to a single global dollar-rupee market: RBI dy guv Sankar

RBI said its curbs on derivative positions are temporary, reaffirming commitment to a unified global dollar-rupee market and long-term rupee internationalisation