Page 3 - Reserve Bank Of India

RBI to tolerate weaker rupee amid trade gap, dollar inflow pressures

By signaling tolerance for a weaker rupee, RBI is indicating that it will intervene mostly to curb sharp volatility or on any signs of a speculative build-up but not defend any specific level on rupee

Short-covering drives rupee towards 90 vs dollar as pressure returns

Hits new closing low of 89.88/$; Hits 89.96/$ intraday

RBI policy in a season of contradictions: Mixed signals ahead of December 5

HSBC economist argues GDP overstated, inflation structural, and currency depreciation acts as a needed shock absorber

In a first, complaints against private banks exceed PSBs in FY25

Private banks drew more complaints than state-owned lenders for the first time in FY25, as overall grievances under RBI's Ombudsman Scheme rose sharply

NSFI 2025-30: Strengthening last-mile access, improving financial services

RBI's NSFI 2025-30 aims to deepen financial inclusion with stronger last-mile delivery, gender-sensitive outreach, expanded BC networks, and pilots of programmable CBDC for targeted credit

Razorpay secures RBI's PA-CB licence to enable cross-border payments

Razorpay has received RBI's PA-CB licence, allowing Indian businesses to send and receive cross-border payments easily, supporting exporters and global firms

India's current account deficit moderates to 1.3% of GDP in Q2FY26

India's current account deficit narrowed sharply in Q2FY26 on lower trade gaps and strong remittances. But a spike in gold imports in October could push the Q3 deficit above 2.5 per cent of GDP

RBI Deputy Governor bats for T20 agility, Test stability in finance

RBI Deputy Governor Swaminathan J says India's financial system needs both the innovation and speed of T20 cricket and the discipline and longevity of Test cricket

RBI Ombudsman complaints rise 13.6% in FY25, led by loan and card issues

Complaints under the RBI's Integrated Ombudsman Scheme grew to 1.33 million in FY25, driven by grievances over loans, credit cards and mobile banking

RBI appoints Janakiraman as executive director in Department of Supervision

The Reserve Bank of India (RBI) on Monday announced the appointment of Usha Janakiraman as an Executive Director (ED) in the Department of Supervision. Janakiraman was serving as the Chief General Manager-in-Charge of the Department of Regulation in the RBI's Central Office in Mumbai prior to this, an official statement said. Her appointment is effective from December 1, 2025. Janakiraman has an experience of over three decades in the Reserve Bank, and has worked in the areas of regulation, external investment and operations, banking supervision, public debt management, currency management and other areas in the Reserve Bank. As Executive Director, Janakiraman will look after the Department of Supervision (Risk, Analytics and Vulnerability Assessment), it said. She is a Chartered Accountant, the central bank statement said.

Bank holidays December 2025: Check when banks will be closed in your state

RBI has released the December 2025 bank holiday list, detailing when the banks will be closed across states for regional and national festivals

Stellar growth, low inflation raise questions over need for RBI rate cuts

India's economy expanded at a sharper-than-expected clip of 8.2 per cent in the July-September quarter, prompting analysts to raise their full-year growth estimates to above 7 per cent

RBI's MPC likely to hold steady on rate, keep neutral stance: BS Poll

OMOs for liquidity infusion expected, say economists

'RBI may cut interest rate by 25 bps amid subdued inflation, strong GDP'

The RBI may trim the benchmark lending rate by 25 bps in its forthcoming monetary policy meeting, as inflationary pressures are subdued, though some experts believe the central bank is likely to keep the rate unchanged in the backdrop of better-than-expected GDP growth of 8.2 per cent in the second quarter. The consumer price index (CPI) based headline retail inflation is ruling below the 2 per cent lower band mandated by the government for the last two months. Some experts, however, believe that the RBI may continue with the pause on interest rates as economic growth has picked up, sustained by fiscal consolidation, targeted public investment, and various reforms, such as the GST rate cut. The Monetary Policy Committee meeting is scheduled from December 3-5, 2025. RBI Governor Sanjay Malhotra is scheduled to announce the decision of rate-setting panel on December 5. The central bank started its rate-easing cycle in February last year. It has cumulatively reduced the repo rate by

Reserve Bank of India subsumes over 9K norms into 244 master directions

Move aims to ease compliance burden for regulated entities

India's new GDP series in February 2026 to spur IMF rating upgrade

The IMF has 'assured' that its 'C' rating for India's national accounts data will be reassessed once the new gdp series is released in feb 2026

Digital banking cannot be made mandatory to access other services: RBI

RBI's new digital banking rules mandate explicit customer consent, prohibit banks from forcing digital channels for accessing other services and tighten risk controls

RBI Deputy Governor Swaminathan urges MFI lenders to review pricing

At an MFIN event in Mumbai, RBI Deputy Governor Swaminathan J. said microfinance lenders must ensure pricing reflects cost and risk, improve borrower assessments

RBI expected to cut interest rate to 5.25% as inflation drops: Poll

RBI Governor Sanjay Malhotra said this week that recent economic data suggested there was still scope to cut interest rates

Paytm gets final nod from RBI to operate as a payment aggregator

PPSL, a subsidiary of One 97 Communications, has received RBI's final authorisation to operate as a payment aggregator, enabling unrestricted merchant onboarding after earlier curbs were lifted