Reserve Bank Of India

RBI allows issuers to map existing e-mandates if cards are reissued

The Reserve Bank on Tuesday allowed card issuers to map existing e-mandates to reissued cards. In the consolidated directions on digital payments governing the e-mandate framework, the central bank directed issuers to provide details of the grievance redressal in a post-transaction notification to the customer. The changes in instructions on e-mandates were based on feedback from stakeholders, the RBI said. The notification also said no charges shall be levied on customers for availing of the e-mandate facility for recurring transactions, and an acquirer shall ensure compliance with directions by merchants onboarded by them. As per consolidated directions, the RBI said an appropriate dispute redressal system shall be put in place by the issuer to facilitate the customer to lodge grievances, and RBI instructions on limiting liability of customers for unauthorised transactions shall be applicable to recurring transactions under e-mandates as well. The central bank said recurring ...

Crisis response: Things could get tough if the conflict continues

Fragile West Asia ceasefire and oil risks test India's economy, as the RBI balances rupee stability, inflation control, and growth amid rising global uncertainty

RBI partially eases rupee NDF curbs on banks after market stability

Market participants said the central bank now sees lower arbitrage risk after banks complied with the April 10 deadline

Growth for Jio Fin will remain robust in FY27: MD & CEO Hitesh Sethia

Jio Financial's NBFC arm bets on secured lending first, eyes unsecured segments later as it builds scale and strengthens its balance sheet

Second-round effects of supply shocks a real concern, says RBI governor

Forex intervention as needed; not committing to indefensible peg: Malhotra

RBI partially withdraws restrictions on certain rupee derivative trades

The central bank had also stopped authorised dealers from entering into any FX derivative contract involving INR with their related parties

Rupee jumps as RBI restricts spot market dollar buying by oil companies

Domestic currency strengthens for second straight session as RBI curbs dollar demand from oil firms; forex reserves rise on higher foreign currency assets

RBI mops up ₹2 trillion through VRRR auction amid surplus liquidity

Central bank absorbs surplus liquidity as banks bid Rs 2.28 trillion in VRRR auction, reflecting robust demand amid easing liquidity conditions

RBI pulls out ₹2 trillion transient liquidity via 7-day VRRR auction

The Reserve Bank of India (RBI) on Friday pulled out Rs 2,00,031 crore transient liquidity from the banking system through a seven-day variable rate reverse repo (VRRR) auction. The central bank had received higher bids worth Rs 2,28,098 crore than the notified amount of Rs 2 lakh crore in the auction. The RBI accepted the bid at a 5.24 per cent cut-off rate and 5.23 per cent weighted average rate. Currently, the liquidity in the banking system is estimated to be in surplus of around Rs 4.09 lakh crore. Before this, the central bank had conducted a seven-day VRRR auction on April 10 and pulled out Rs 2,00,041 crore of transient liquidity from the banking system. These funds were reversed today into the banking system. "Going ahead, we will continue to be proactive and pre-emptive in liquidity management and ensure sufficient liquidity in the banking system to meet the productive requirements of the economy," RBI Governor Sanjay Malhotra said during the April monetary policy.

RBI asks state oil refiners to curb spot dollar buying, says report

The state-run refiners have been asked to access the credit line via the State Bank of India, the sources said. SBI is India's largest bank and is state-backed

RBI to conduct ₹2 trillion VRRR to absorb surplus liquidity in system

RBI to conduct Rs 2 trillion variable rate reverse repo auction to absorb surplus liquidity, with banking system surplus remaining above Rs 5 trillion

KV Ramana Murty takes charge; Sebi gets its fourth whole-time member

Murty had earlier served as a part-time member on Sebi's board as a government nominee

Small Finance Banks' universal licence dream: It's a long road ahead

Weak spots in governance, asset quality, and risk discipline stall approvals

Gold loan boom sees early stress; delinquencies rise with borrower leverage

Rapid expansion has made gold loans the second-largest retail credit segment, but rising borrower leverage and repeat borrowing patterns are prompting calls for tighter regulatory oversight

Bank credit, deposit growth at 16.08% in FY26, fastest since FY24

Bank credit expanded at the fastest pace since FY24, driven by corporate and MSME demand, while deposit growth lagged, widening the gap in the banking system

Ambedkar Jayanti 2026: Are banks open or closed today? Check status

Central government offices are closed on April 14, 2026. Many banks across India will also remain shut, as Ambedkar Jayanti coincides with Tamil New Year and Vaisakhi

RBI returns Ujjivan SFB's application to convert into universal bank

After Jana SFB, Ujjivan SFB is the second SFB whose application has been returned by RBI

Non-finance private firms' PAT growth slowed to 31.6% in FY25: RBI

Profit growth of non-government non-financial private firms slowed in FY25, though profitability indicators improved, supported by strong performance in the services sector

Private firms' bond, debenture investments surge sharply in FY25: RBI

Private sector companies' investments in bonds and debentures shot up manifold in FY25, the Reserve Bank said on Monday. Analysis of 15,919 non-government, non-financial private companies by the central bank revealed that such entities invested Rs 35,981 crore in bonds or debentures in 2024-25, as against just Rs 224 crore in the year-ago period. During this period, corporate bond issuances increased to Rs 9.87 lakh crore in FY25, compared to Rs 8.38 lakh crore in the previous fiscal year. The yield on these instruments remained broadly in the range of 6.5-15 per cent across maturities and ratings on the BSE and NSE electronic bidding platform. Indian bond market has seen a sharp investment by the foreign investors, specifically in the government securities market after the JP Morgan announced the G-sec inclusion in to their index. The announcement came in the second half of FY24, and the actual inclusion happened in June 2024. Further, another inclusion by Bloomberg Bond Index ..

RBI data shows slower sales growth for private firms at 11.4% in FY25

Net sales of non-financial private companies increased at a slower pace of 11.4 per cent in 2024-25 as compared to 11.7 per cent in the previous year, according to Reserve Bank data released on Monday. The RBI released data relating to financial performance of non-government non-financial (NGNF) private limited companies during 2024-25 based on audited annual accounts of select 15,919 companies reported in the Indian Accounting Standards (Ind-AS) format. Services sector recorded 13.5 per cent growth in net sales during 2024-25, driven by 'Trade -- wholesale & retail', 'Real Estate' and 'Transport and Storage services' sub-sectors. Sales growth in the manufacturing sector moderated marginally to 9.2 per cent in 2024-25 from 9.4 per cent in the previous year. Total paid-up capital (PUC) of these companies amounted to Rs 8,44,198 crore as at end-March 2025, which covered 40.3 per cent of the total PUC of NGNF private limited companies. At the aggregate level, operating expenses ...