Page 40 - Reserve Bank Of India

US tariffs key drag on growth, flags benign inflation outlook: MPC

The central bank needs to remain watchful as the uncertainties of tariffs are still evolving, said RBI Governor Sanjay Malhotra while voting for a status quo on key interest rate earlier this month. The Reserve Bank of India on Wednesday released Minutes of the Monetary Policy Committee (MPC) meeting held during August 4-6. Along with the RBI Governor, all five other members of the MPC had voted for retaining the short-term lending rate (repo) at 5.5 per cent. "Overall, our economy presents a picture of strength, stability, and opportunity. India's strong fundamentals, growth-inducing policies, and forward-looking economic strategy clearly place it in a strong position," the Governor said as per the minutes. While growth has remained steady, inflation outcomes have been far more benign on account of higher food price moderation, he said. "Although we are likely to see inflation undershooting the target in the near term, with a likelihood of monthly numbers even crossing the lower

India's foreign exchange reserves rise by $4.7 billion to $693 billion

India's foreign exchange reserves rose by $4.7 billion to $693 billion for the week ending August 8, boosted by an increase in foreign currency assets, gold reserves, and IMF holdings

A revolving door for leadership in India's financial sector regulators

With the financial sector maturing, the door to regulatory agencies needs to be opened to a more diverse talent pool

Paytm's PA nod may increase market competition in digital payments

RBI's in-principle approval allows Paytm to resume merchant onboarding, lifting 2022 restrictions and opening the field to stronger competition in the payments space

Paytm stock hits 43-mth high on RBI nod to PPSL; brokerages decode strategy

Paytm share price gained 6 per cent today after Paytm Payments Services Limited received in-principle approval from the RBI to operate as an online payment aggregator

Donald Trump tariff woes keep rupee near record low despite weak dollar

Higher tariffs threaten India's export earnings, curbing forex inflows and thus boosting dollar demand in the local market

Credit growth rose to 10% in July 25 fortnight, deposit growth at 10.2%

Retail credit moderation and rising bond yields impact bank lending growth, as credit rises 10 per cent and deposits grow 10.2 per cent in the fortnight ended 25 July

RBI imposes ₹75 lakh penalty on ICICI Bank for compliance breaches

The Reserve Bank fined ICICI Bank for violations related to property valuation and current account operations, citing non-compliance without impacting customer transactions

India inflation likely dropped to an eight-year low in July: Poll

The RBI left rates unchanged at 5.50%, as expected, on Wednesday and said the inflation outlook was 'more benign'

AU Small Finance Bank gets RBI approval to become a universal bank

AU Small Finance Bank becomes the first SFB to receive RBI's in-principle approval to transition into a universal bank, expanding its product reach and lending base

Banks must release funds without legal docs for survivor accounts: RBI

RBI says banks must release funds without legal documents in cases with survivorship clause or nominees; sets Rs 15 lakh threshold for claims without legal heir proof

Comfortable liquidity reinforced transmission of rate cuts in markets

System liquidity, as measured by the net position under the liquidity adjustment facility, has been in surplus, averaging ₹3 trillion per day since the last MPC meeting

RBI MPC: No reason to believe rate cut will not be growth-inducing

Governor Sanjay Malhotra says front-loaded policy easing and stable inflation outlook will support credit growth, while tariffs and global shocks pose limited risks to India's economy

MPC review: RBI hits pause on policy repo rate cuts, citing uncertainties

The central bank also cut the inflation outlook for the current financial year by 60 basis points (bps) to 3.1 per cent which is significantly below its mandated target of 4 per cent

RBI mandates 10% loan retention for banks, NBFCs under co-lending deals

Effective January 1, RBI requires regulated entities in co-lending to retain 10% of each loan on books, cap default loss guarantee at 5%, and align asset classification between partners

RBI survey shows consumer confidence rises in rural, urban areas in July

RBI's July survey shows higher consumer confidence in rural, semi-urban and urban areas, driven by optimism on economy, jobs, incomes and easing inflation expectations

RBI panel for retaining WACR as operating target of monetary policy

The group was set up to the existing review of the Liquidity Management Framework which is in place since February 2020

RBI MPC highlights: Difficult to predict what impact tariffs will have, says RBI governor

RBI MPC Meeting August 2025 highlights: Stay tuned here for live updates

RBI policy: MPC maintains repo rate at 5.5%, keeps stance 'neutral'

RBI MPC August meet: The monetary policy committee eased inflation projections for FY26 to 3.1%, down from 3.7%; GDP forecast remains unchanged

RBI lowers inflation forecast to 3.1% for FY26; growth outlook unchanged

August MPC: RBI cuts FY26 inflation forecast to 3.1% on easing food prices, favourable monsoon; growth outlook steady at 6.5%, CRR cut to begin in September