Reserve Bank Of India

RBI set to conduct 7-day VRRR auction on Friday to absorb ₹2.5 trillion

The Reserve Bank of India will conduct a Rs 2.5 trillion seven-day reverse repo auction to absorb surplus liquidity from the banking system and align the weighted average call rate with the repo rate

Parliamentary panel for dedicated NCLT, NCLAT courts for IBC cases

A parliamentary panel recommends dedicated NCLT and NCLAT courts to expedite IBC cases and urges the RBI Governor to support banking correspondents, who are facing increasing challenges in their roles

Canara Bank drops 'fraud' label on Anil Ambani-linked RCom loan account

The case relates to a loan account linked with Ambani's firm Reliance Communications, which is undergoing insolvency proceedings

Banks expect RBI to double VRRR auction as liquidity stays surplus

At 2-day VRRR auction, RBI receives bids worth ₹97,315 cr against notified ₹1 trn

Avoiding fraudulent loan apps: RBI listing, ratings & reviews key to safety

Loans from registered NBFCs or banks come with a key fact statement (KFS), a sanction letter, and a loan agreement detailing all costs

RBI issues draft framework for novation of OTC derivative contracts

The Reserve Bank on Wednesday issued draft guidelines for novation of OTC derivative contracts with a view to rationalising the related regulatory requirements. Novation means the replacement of a market maker with another market maker in an OTC derivative contract between two counterparties to an OTC derivative transaction with a new contract between remaining party and a third party (transferee). The transaction shall be undertaken at prevailing market rates, said the Draft Reserve Bank of India (Novation of OTC Derivative Contracts) Directions, 2025. "The novation of an OTC derivative contract shall be done with the prior consent of the remaining party," it said. It further added that the Fixed Income Money Market and Derivatives Association of India (FIMMDA) and the Foreign Exchange Dealers' Association of India (FEDAI), as applicable, in consultation with market participants and based on international best practices, shall devise standard agreements for novation. "Market ...

No proposal to introduce ₹50 coin as public prefers notes: Centre to HC

The Centre told Delhi High Court there is no plan to issue a ₹50 coin, citing RBI findings that people prefer banknotes over coins due to weight, size, and ease of daily use

RBI accepts ₹97,315 crore in VRRR auction; cut-off rises to 5.49%

Market cautious ahead of expected ₹2 trn VRRR auction as call and TREP rates rise; overnight WACR climbs to 5.34%, RBI absorbs ₹97,315 crore against notified ₹1 trn

RBI to conduct two-day VRRR auction on Wednesday to soak up ₹1 trillion

The surplus liquidity has kept the overnight weighted average call rate (WACR) near the standing deposit facility (SDF) rate of 5.25 per cent and well below the repo rate of 5.5 per cent

Players on the payments turf: UPI, AePS, PPIs boost digital outreach

UPI and AePs together have changed India's payments landscape. AePS's playing field is rural and semi-urban India

Smart devices to be next bastion for UPI with IoT-ready payment system

NPCI builds Internet of Things rails as UPI targets 10x growth

Corporate 'fraud accounts' pose tough challenges for banking system

SBI also reported former chairman of the group Anil Ambani to the Reserve Bank of India (RBI)

How to fix credit report errors: Dispute on bureau site, alert lender

Having documents like no-dues certificates and records of repayment will strengthen your case

Rupee weakens against US dollar on Donald Trump's renewed tariff threat

Rupee ends 47 paise lower at 85.86 per dollar as Trump warns 10% tariffs on BRICS-aligned nations; RBI seen selling dollars to cap volatility after hitting 86 mark

Best of BS Opinion: University-level funding key to India's R&D targets

Today's opinion page takes a closer look at the RDI scheme, India's R&D lapses, the current account deficit, and whether the RBI's changes to project finance are a good idea in the long run

Momentum funds may deliver high long-term returns for aggressive investors

With improving market conditions and clearer sector trends, experts say momentum-based index funds could suit investors willing to take short-term volatility

RBI panel likely to recommend govt retain current 4% inflation target

Retaining the inflation target would remove some uncertainty about the process and reassure market participants about policy continuity under Governor Sanjay Malhotra

Kesavan Ramachandaran appointed as new executive director of RBI on July 1

Prior to being promoted as Executive Director, Kesavan Ramachandran was serving as Principal Chief General Manager in Risk Monitoring Department

Capex rises 54% in Apr-May FY26, RBI dividend lifts revenue: CGA data

Government capex rose 54 per cent in April-May FY26 as RBI dividend boosted non-tax revenue and kept the fiscal deficit at a 28-year low for the two-month period

Household debt up, but India still lags emerging-market economies: RBI

India's household debt remains below emerging market peers, with non-housing retail loans forming the bulk of borrowings, RBI says in its Financial Stability Report