Page 5 - Reserve Bank Of India

Kotak Mahindra Bank gets RBI nod to buy 9.99% each in AU SFB, Federal Bank

RBI clears Kotak Mahindra Bank to acquire up to 9.99% stake each in AU Small Finance Bank and Federal Bank through aggregate holdings

Prioritise energy security to sustain growth momentum: RBI MPC member

The ongoing West Asia conflict has highlighted India's structural vulnerability to energy shocks, reinforcing the need to reduce dependence on imported crude and accelerate efforts to strengthen energy security, according to an external member of the RBI's rate-setting panel. Nagesh Kumar, who is the director of the Institute for Studies in Industrial Development and also a part of the Monetary Policy Committee, said the Indian approach needs to focus both on stepping up oil exploration domestically and hastening the transition to alternative sources. "The high dependence on imported crude makes the Indian economy highly vulnerable to volatility in the hydrocarbons market. While India's macroeconomic fundamentals remain resilient, and the Indian economy will continue to remain the fastest growing major economy with a growth rate of nearly 7 per cent in 2026-27, it is time to prioritise energy security and resilience for sustaining the accelerating economic growth trajectory," Kumar .

India may consider lower inflation target, narrower band: RBI Deputy Guv

India could consider lowering the inflation target and trimming the tolerance band if GDP growth remains robust with a more stable inflation over the next five years, RBI Deputy Governor Poonam Gupta said on Tuesday. However, if the global environment remains as challenging as it has been during the past six years, it would warrant both predictability and flexibility inherent in the existing framework, she said. The government, after consultation with the RBI, has notified the inflation target framework for a five year period through March 31, 2031. As per the framework, the Reserve Bank has to keep inflation at 4 per cent (+/-2 per cent) from FY27-FY31. Speaking at an NCAER seminar, Gupta said the future of the inflation targeting framework in India would depend on the combination of inflation and growth outcomes as they evolve during the next five years. Also, the future inflation targeting framework would have to take into account the global shocks that the economy may have to

India's cash withdrawals surge 12% in first half of April, RBI data shows

The surge, if it persists, could pose a challenge for surplus liquidity in the banking system, which the central bank has tried to maintain to support economic activity

RBI rejigs portfolios of DGs; Rohit Jain takes charge as deputy governor

RBI reshuffles responsibilities among its four deputy governors after Rohit Jain assumes charge, assigning key roles across supervision, policy, markets, regulation, and technology

RBI explores steps to mobilise dollar inflows amid rising pressure on rupee

The war ‌between the US, Israel and Iran - now in its third month - has weakened the Indian currency, adding to a near 5 per cent fall in 2025

RBI, Irdai not inclined to allow investments in commodity derivatives: Sebi

Sebi chairman Tuhin Kanta Pandey said banking and insurance regulators have valid concerns, while the market regulator plans an advisory on risks from AI-led models like Mythos

Latest RBI rules for shadow lenders may put Tata Sons IPO on radar

The Reserve Bank of India this week said shadow lenders that are accepting money from associates and group entities will be counted as having indirect access to public funds

Rohit Jain appointed RBI Deputy Governor for 3 yrs, to succeed Rabi Sankar

Jain has, over a span of about three decades, served in supervisory, human resource management, banking, and other areas in the Reserve Bank

Market makers need to be responsible: RBI governor Sanjay Malhotra

With recent correction in financial asset valuations, expect improved net capital account position

India can grow above 7.5% without stoking inflation: RBI Deputy Governor

Reserve Bank of India says India can sustain over 7.5% growth without inflation, backed by strong BoP fundamentals and effective policy transmission

More than 77% of 880.5 mt gold reserves held domestically, says RBI

Central bank increases domestic share of gold reserves to 77.23% in FY26, with holdings rising to 680 MT even as overall forex reserves and gold value expand

Hidden cost of war on wealth: Capital compounding may be less forgiving

Instead of panic, respond with preparedness; keep separate money pools of money for short-, medium-, and long-term needs

Bank holidays in May 2026: Check complete list, state-wise closures here

According to the RBI, banks will stay closed for 12 days out of the 31 days in May 2026. These include weekends, festivals, and regional holidays, so it is advisable to check before heading out

RBI's rupee defence faces fresh pressure as capital inflows weaken

The Reserve Bank of India took aggressive steps recently to curb speculation, yet the currency fell to a record closing low on Wednesday

RBI exempts smaller NBFCs, creates structured exit route for first time

RBI has exempted smaller NBFCs from registration and introduced a structured exit route, allowing eligible firms to apply for deregistration through its PRAVAAH portal

Indian govt's tactical silence on W. Asia crisis not in consumers' interest

Given our dependence on oil imports and the structural reset that may be underway, it doesn't seem like this is temporary turbulence and then a return to the old normal

RBI action on Paytm Payments Bank: What it means for One97's strategy

RBI's revocation of Paytm Payments Bank licence raises questions on governance lapses and what it means for One97 Communications' ambition to build a full-stack financial services platform

Nifty PSU Bank slips 2%; Canara, BoI dip 3%; why are bank stocks falling?

The RBI has issued final guidelines for transitioning to an Expected Credit Loss (ECL) framework, effective April 1, 2027, largely in line with the earlier draft.

MobiKwik gets RBI's nod for non-banking financial company licence

The licence will allow MobiKwik to launch a lending arm, Mobikwik Financial Services, expanding its regulated credit offering