Page 5 - Reserve Bank Of India

RBI in 'formidable position' to fulfil public policy mandates: DG Murmu

RBI Deputy Governor Shirish Chandra Murmu says the central bank's economic capital, risk buffers and revaluation practices place it in a strong position to meet its policy mandates

Religare's board inducts three Burman family members, Jimeet Modi

Religare Enterprises has approved the induction of three Burman family members and Samco Group founder Jimeet Modi to its board, marking a key step in the company's leadership transition

India's Q2 economic growth may have surpassed RBI's 7% projection

Economists see growth above 7% in July-September, backed by consumption revival, robust capex, and steady industrial output; RBI had earlier pegged Q2 GDP at 7%

Banks move to '.bank.in' domain from '.com': Here's why RBI made the change

Starting October 31, the Reserve Bank of India asked all banks to move their websites to the new '.bank.in' domain to stop phishing scams

RBI faces uphill task as bond yields stay stubborn amid weak demand

Since yields on government bonds directly affect the cost of money in the financial system, it can be argued that the transmission of policy rate cuts has been weak

GST reforms to propel India's FY26 GDP growth to 7.4%, says NIPFP

NIPFP pegs India's FY26 GDP growth at 7.4% - higher than RBI's 6.8% forecast - citing GST reforms, robust investment, and strong US economic performance

No regulator should substitute boardroom judgement: RBI Governor Malhotra

Financial stability remains the 'North Star' for the central bank

Yes Bank: A collective win

How in saving Yes Bank, India's financial system reaffirmed its ability to act with purpose

RBI flags concern over elevated bond yields; OMO unlikely in November

RBI engages with market participants amid widening India-US yield spread; bond purchases unlikely before final CRR cut at month-end

Bank holiday on Guru Nanak Jayanti: Banks in these states closed on Nov 5

Multiple states will mark a bank holiday on Nov 5, 2025, due to Guru Nanak Jayanti and Kartik Purnima. The RBI has confirmed to seek clarity on which states will be affected by this holiday

Reserve Bank of India's short dollar forward position up after 7 months

RBI's short dollar positions rose $6 billion in September, signalling renewed intervention in forwards to stabilise the rupee amid depreciation pressure and speculative build-up

RBI likely to meet banks and dealers on Tuesday amid liquidity strain

The meeting, though without a formal agenda, is expected to focus on current market conditions, the traders said, declining to be named as they are not authorized to speak to the media

RBI's forward book expands after six months as it mounts rupee defence

The FX forward book reflects positions in both non-deliverable forwards (NDF) and the onshore forward markets, which had peaked in February

RBI's nod for banks' M&A funding may force tweak to sensitive sector norms

Bankers say that given the substantial exposures banks will have to take for M&A financing, the current ceiling for banks' exposure to the sensitive sectors is likely to be a hurdle

A new wave of reforms set to sweep banking, boost capital and growth

At this juncture, allowing higher foreign stake in PSBs is the right call. It will help them increase capital and scale up business

₹2,000 notes worth ₹5,817 crore remain in circulation, says RBI

The high-value Rs 2,000 notes worth Rs 5,817 crore are still in circulation, according to the Reserve Bank data released on Saturday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023. Rs 2,000 banknotes continue to be legal tender. In a statement, the central bank said the total value of Rs 2,000 banknotes in circulation, which was Rs 3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of the currency was announced, has declined to Rs 5,817 crore at the close of business on October 31, 2025. "Thus, 98.37 per cent of the Rs 2,000 banknotes in circulation as on May 19, 2023, has since been returned," it said. The facility for exchange of the Rs 2,000 banknotes is available at the 19 issue offices of the RBI since May 19, 2023. From October 9, 2023, RBI issue offices are also accepting Rs 2,000 banknotes from individuals/entities for deposit into their bank accounts. Further, t

India's foreign exchange reserves drop by $6.93 billion to $695.36 billion

RBI data shows foreign currency assets and gold holdings declined in the week ended Oct 24, pulling total reserves below the $700-billion mark

Bank holidays in November 2025: Check full state-wise list and key dates

As per the state-wise holiday list for 2025-2026, the RBI has designated 5 bank holidays for November 2025. In India, bank holidays might vary per regional, national, or religious celebrations

Stablecoins risk currency substitution: RBI Deputy Governor T Rabi Sankar

RBI Deputy Governor T Rabi Sankar says rupee internationalisation aims to cut risk, not replace the dollar, as he flags stablecoin-linked currency substitution as a key threat

We should've competing pension products: PFRDA Chairperson S Ramann

PFRDA chief hints at 100% FDI parity, new small pension funds, and unified regulation to expand India's pension reach and improve financial literacy