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
Restrictions on bank finance for M&As have had some perverse and unintended consequences.
Says Basel-III norms for credit and market risks likely from April 2027
Bank Holiday: For Tirubhav Tithi, banks in Assam will close on August 25,2025, but banks in the rest of India will stay open. Ganesh Chaturthi is a follow-up holiday on August 27. Read on to know more
RBI Governor Sanjay Malhotra said India's forex reserves at $695 billion can cover 11 months of imports, giving the economy a strong buffer against global shocks ahead of Aug 27 tariff deadline
The trend-inflation rate has hovered close to the target, except mostly in times of excess volatility, and the credibility of the central bank has visibly strengthened
The RBI has approved Japanese lender Sumitomo Mitsui Banking Corporation to acquire up to 24.99 per cent stake in Yes Bank; the approval is valid for one year and SMBC will not be a promoter
Market participants said that the yield on the benchmark 10-year bond might rise to 6.58-6.60 per cent during the next week