The Reserve Bank of India has built a high-security data centre in Odisha, strategically located well away from potential cross-border threat zones and high seismic-risk regions, as part of efforts to safeguard critical financial infrastructure and strengthen continuity of core systems. The greenfield facility in Bhubaneswar is designed to house core computing systems supporting the central bank's currency management, payment and settlement operations, and regulatory data functions, analysts and officials said. "When RBI began work on its 18.55-acre campus at Info Valley-II, Khordha in 2023, few questioned the location. Beyond logistical and operational considerations, strategic factors are likely to have weighed on decision-makers," an analyst tracking the sector said. The Odisha site, he added, lies well away from India's western and northern borders, reducing exposure to potential cross-border missile or drone threats. It also falls outside the country's highest seismic risk zone
The rupee slipped amid muted global risk appetite and firm US yields, though RBI intervention helped cap losses, while forex reserves hit a new record of $725.7 billion
It has nearly ₹1 trn capacity to lend towards this segment; bank to file prospectus with Sebi by March for SBI MF IPO
A six-month pause would give market participants time to submit feedback, conduct impact assessments and engage in constructive consultations, according to the letter
RBI's easing of ECB rules-expanding eligibility, lifting limits and removing pricing caps-is expected to spur offshore fundraising, especially as refinancing demand rises
The RBI has postponed the implementation of the UTI framework for OTC derivatives to 1 January 2027, extending timelines for reporting and allowing markets more operational flexibility
The new norms are slated to kick in from April 1
The RBI has declared the notification for the recruitment of Assistant - Panel Year 2025 on its official website rbi.org.in. The deadline to apply online for RBI Assistant positions is Mar 8, 2026
In-Solutions Global Ltd (ISG) on Monday announced that it has received regulatory authorisation from the Reserve Bank of India (RBI) across all three Payment Aggregator categories - online, physical or offline and cross-border. The approval was granted under the latest RBI Master Directions for 2025-26. With these approvals, ISG joins a select group of non-bank ecosystem players enabled to support merchant payments across domestic and international channels through a unified and fully compliant framework, the company said in a statement. Together, the three licences allow ISG to offer enterprises, banks, marketplaces and digital platforms a single payment aggregation stack capable of managing online transactions, in-person payments and cross-border import-export flows within a unified onboarding and settlement environment. Adelia Castelino, Co-founder and Managing Director, ISG said, "As India's digital commerce and cross-border trade accelerate, merchants and financial institution
Sumit Madan talks about RBI's proposed guidelines on mis-selling and their likely impact on the company and the sector, the firm's business plans going forward, among other issues
Rising CD yields and lower perceived risk draw investors away from CPs as banks ramp up short-term borrowings amid deposit tightness
From a customer perspective, the stricter norms are welcome, industry executives said
India pilots CBDC-based digital food coupons in Gujarat, enabling beneficiaries to redeem ration entitlements through programmable e₹ instead of physical grain
All credit facilities to securities firms will have to be backed by collateral, while lending for trading on their own account or investments by brokers will be prohibited
Gold loan financier Manappuram Finance on Saturday said it has received final approval from the Reserve Bank of India (RBI) for the proposed acquisition up to 41.66 per cent of the company's paid-up equity capital / convertible instruments by affiliates of Bain Capital-- BC Asia Investments XXV Ltd and BC Asia Investments XIV Ltd. The RBI approval, communicated on February 13, 2026, is in connection with the definitive agreements executed on March 20, 2025, under which Bain Capital committed to invest approximately Rs 4,385 crore to acquire an 18 per cent stake on a fully diluted basis through preferential allotment of equity shares and warrants at a price of Rs 236 per share, Manappuram Finance said in a statement. The transaction also triggers a mandatory open offer for the purchase of an additional 26 per cent stake from public shareholders at Rs 236 per share, in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, it said. With this ...
RBI allows NBFCs to factor in default loss guarantees from lending apps while computing ECL provisions, tightening uniformity without diluting prudential safeguards
Bank credit rises 14.6% year-on-year in fortnight ended January 31, while deposit growth remains firm at 12.5%, RBI data show
Draft norms cap bank exposure to 49% of REIT asset value and prohibit funding for land acquisition, even if part of a project
Shriram Finance says RBI has confirmed Japan's MUFG Bank does not require prior approval for proposed 20% stake acquisition
AU Small Finance Bank secures RBI approval to reappoint Sanjay Agarwal as MD & CEO for three years from April 19, 2026