Urge state bond auction via uniform pricing; more of shorter tenure bonds in H2
Ujjivan SFB will raise Rs 2,000 crore through QIP in 18-24 months to fund growth towards a Rs 1-trillion loan book by FY30 while awaiting RBI's call on a universal bank licence
RBI's new co-lending norms may shrink volumes in the short term as NBFCs face tech, cost and compliance hurdles - but lenders expect long-term growth once systems adapt
The RBI has sought views on four key inflation-targeting issues. Maintaining the status quo is recommended, with the focus on creating conditions to consistently achieve the existing 4% target
Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said
The RBI's VRRR operations are aimed at absorbing surplus liquidity from the system and anchoring short-term rates closer to the policy repo rate
If India can align technology adoption, efficient market integration, and supportive policies, horticulture has the potential to become the durable engine of farm growth
Banks' reduced buying of state bonds could strain India's state governments, which have completed only about 26% of their planned borrowing this fiscal year
The meeting will take place on Wednesday and Thursday, and comes at a time when banks are staring at huge treasury losses from the recent spike in bond yields
Bank Holiday: As per the RBI, banks will stay shut on second and fourth Saturdays of the month, and Sundays, when in-branch services won't be available but customers can carry out digital transactions
India is cutting its US Treasury holdings while adding more gold to its reserves; RBI data shows the shift is part of a global trend to diversify forex reserves and reduce risks from the dollar
RBI study signals a cautiously optimistic outlook for private investments in FY26, backed by healthier balance sheets, policy support, and rising capex momentum
Patel's appointment comes four months after Krishnamurthy Subramanian was recalled by the government from IMF
The RBI reversed its forex stance in June with $3.6 bn net sales, while rupee's REER stayed flat and forward dollar short positions dropped further to $60.39 bn
Average headline inflation, meanwhile, is seen remaining significantly below the central bank's target of 4 per cent this financial year, according to the RBI bulletin
Economists back headline CPI as India's inflation target, stressing food's heavy weight in consumption and urging RBI to retain the 4% benchmark with the current tolerance band
The central bank has been watchful of potential blowups in the sector, and has warned shadow lenders it would not hesitate to take action against firms that pursue reckless growth
The Uttarakhand High Court has directed that the Reserve Bank of India, private banks, and telecom companies be made parties in a case involving the issuance of fake non-bailable warrants in the name of state judges and police officers to extort money. Money was embezzled through four bank accounts in the case. Hearing a petition filed by Haridwar resident Surendra Kumar, a division bench of Chief Justice G Narendra and Justice Subhash Upadhyay said that the scam was not only about cheating the common people but also challenges the credibility of the system. Having made the observation, the high court converted the petition into a public interest litigation. Kumar, in his petition, said that a month ago, he received calls from two different numbers claiming that an NBW had been issued by the court of the Additional District Judge, Dehradun, and he had to deposit Rs 30,000 immediately. He was given four different QR codes to deposit the money, he said. According to the petitioner,
Bankers say Unified Lending Interface growth remains muted as large lenders stick to legacy rails and land record digitisation lags
As per the Reserve Bank of India's (RBI) regional holiday calendar, banks will be closed in certain regions of India on Wednesday, August 27 in observance of the first day of Ganesh Chaturthi