Page 2 - Reserve Bank Of India

High-speed trader AlphaGrep raises ₹200 crore via bonds after RBI curb

The Mumbai-based firm is raising ₹200 crore ($21 million) through bonds with a maturity of about one year and a 10.5% coupon, payable quarterly

RBI withdraws over ₹6 trillion of bank liquidity after record spike

The Reserve Bank ​of India received offers worth ₹3.53 trillion at an overnight auction, right ‌after banks parked ₹2.59 trillion through a 30-day auction

RBI approves LIC to acquire up to 9.99% stake in ICICI Bank within a year

RBI has approved LIC to acquire up to 9.99 per cent of ICICI Bank's paid-up share capital or voting rights within one year, subject to regulatory conditions

RBI absorbs ₹6.02 trillion via VRRR auctions amid record liquidity surplus

The Reserve Bank of India (RBI) on Friday absorbed over Rs 6.02 lakh crore from the banking system through two variable rate reverse repo (VRRR) auctions as surplus liquidity remained at a record high. The central bank received and accepted bids worth Rs 5,41,975 crore in a three-day VRRR auction against the notified amount of Rs 7 lakh crore. The auction was conducted at a cut-off rate of 5.24 per cent. In another three-day VRRR auction, against a notified amount of Rs 1.5 lakh crore, banks parked Rs 60,419 crore with the RBI, also at 5.24 per cent. Together, the two operations helped the RBI absorb Rs 6,02,394 crore of surplus liquidity. The RBI has stepped up liquidity absorption operations as the banking system has been flooded with funds following large inflows through the special FCNR(B) deposit scheme. Currently, liquidity in the banking system is estimated to be in surplus of around Rs 10.32 lakh crore as on September 3, according to the RBI's data. The RBI's special fore

India's record diaspora inflows leave RBI facing potential $10.6 bn bill

India's record diaspora deposit drive could leave the RBI facing a $10.6 billion cost as inflows far exceeded expectations and raise challenges for the central bank's liquidity management

RBI steps in again to support rupee as oil prices, Asian currencies weaken

The RBI stepped up dollar sales near the start of Friday's session and continued its intervention through the day, helping the rupee withstand higher oil prices and weakness in Asian currencies

FCNR(B) inflows cross $100 billion, beat RBI's $80-billion estimate: Report

The FCNR(B) window closed on Monday, but banks can use the RBI's swap facility for deposits already contracted until September 11

RBI appoints Suman Ray as executive director with effect from September 1

Ray, who was serving as regional director for Maharashtra before his elevation, will look after the DICGC and Premises Department as executive director

Bank holidays in September 2026: Check the complete list for this month

In September 2026, banks in India will mark holidays for regional celebrations, as per the RBI calendar. Customers must confirm local bank timetables before visiting

A quiet revolution is lifting the poor

Much has been said about over-lending and defaults. Here's how lending works for the bottom-of-the-pyramid

Datanomics: Corporation earnings may have depressed GDP growth

Even at seven per cent, the GDP growth rate in the first quarter would be a four-quarter low, though higher than 6.8 per cent in the year-ago period.

RBI steps up intervention to support rupee amid higher oil prices

In one instance, the RBI spent $7 billion in just a day intervening in onshore and offshore markets as the rupee approached a record low

Bank holiday today: Banks closed in these states on Eid-e-Milad-un-Nabi

According to the Reserve Bank of India's holiday calendar, August 26 is a bank holiday at several RBI centres under the Negotiable Instruments Act.

Eid Milad-un-Nabi 2026 Bank Holiday: Will banks be closed on Wednesday?

Bank Holiday Today: Eid-e-Milad-un-Nabi, or Mawlid, marks the birth anniversary of Prophet Muhammad on August 26. The RBI has listed the day as a bank holiday in several states

Weekly policy watch: RBI liquidity move, IIP data, forex reserves in focus

The week's policy calendar will focus on RBI liquidity management, industrial production and forex reserves

RBI forex swap facility attracts $72.85 billion inflows as of August 21

FCNR(B) deposits accounted for nearly 90 per cent of the total at $65.40 billion, while ECBs and OFCBs contributed $2.59 billion and $4.86 billion, respectively

RBI FCNR(B) swap window inflows swell to $65.39 bn, total hits $72.85 bn

FCNR(B) deposits dominate inflows under RBI's special forex swap facility ahead of the August 31 deadline; ECB and OFCB windows remain open until December 31

Govt reappoints Anand Mahindra to RBI Board; Somanath Panicker joins

Both will serve as part-time, non-official directors for four years from August 20, 2026, or until further orders, whichever is earlier

Risks facing UCBs no longer confined by size or geography: RBI DG

RBI Deputy Governor Swaminathan J says growing reliance on technology and third-party providers exposes smaller banks to cyber, digital fraud and operational risks

RBI Guv expects $80 bn foreign-currency inflows from rupee support measures

RBI Governor Sanjay Malhotra said flows have been stronger than expected, with FCNR(B) deposits and overseas borrowing already bringing in $56.85 billion