Reserve Bank Of India (RBI): News
India's manufacturing sector rebounds in October, PMI rises to 59.2
India's manufacturing sector showed signs of recovery in October, with the HSBC Manufacturing Purchasing Managers' Index (PMI) rising to 59.2 from September's 57.7.
RBI says ₹2,000 notes worth ₹5,817cr are still in circulation
The Reserve Bank of India (RBI) has revealed that high-value ₹2,000 notes worth a whopping ₹5,817 crore are still in circulation.
India's fiscal deficit widens to ₹5.73L crore in H1 2025
India's fiscal deficit for the first half of the current financial year has widened to ₹5.73 lakh crore, or 36.5% of annual estimates, according to government data.
Banks shift to ".bank.in" domain to boost cybersecurity
The Reserve Bank of India (RBI) has issued a new directive, mandating all banks to migrate their official websites to the ".bank.in" domain.
Up to 49% foreign-investment in government banks might be allowed
The Indian government is considering a proposal to double the foreign investment limit in public sector banks (PSBs) from the current 20% to as much as 49%.
Yes Bank employees assured they won't lose their jobs
Toru Nakashima, the global CEO of Sumitomo Mitsui Banking Corporation (SMBC), has assured Yes Bank employees that their jobs are secure.
India's GDP to grow faster than expected at 6.7%: Poll
The Indian economy is expected to grow at a slightly faster pace than earlier predictions, according to a Reuters poll.
Kotak Mahindra Bank reappoints C S Rajan as part-time chairman
The Reserve Bank of India (RBI) has approved the reappointment of C S Rajan as the Part-Time Chairman of Kotak Mahindra Bank Limited.
Why RBI and SBI economists are fighting
A war of words has erupted between economists from the Reserve Bank of India (RBI) and State Bank of India (SBI), India's biggest lender.
You can soon take bigger loans against shares in India
The Reserve Bank of India (RBI) has proposed an increase in the loan-to-value (LTV) ceiling for loans taken against shares and debt mutual funds.
How SBI, Bank of Baroda plan to tackle fraudulent transactions
The State Bank of India (SBI) and Bank of Baroda are leading the establishment of a digital payments intelligence platform.
Digital payments accounted for 99.8% of transactions in H1: RBI
The Reserve Bank of India (RBI) has revealed that digital payments have taken over the Indian economy, accounting for a whopping 99.8% of total transaction volume and 97.7% of the total payment transaction value in the first half of 2025.
Why PNB is bracing for a $1B financial hit
Punjab National Bank (PNB) is bracing for a massive financial hit of $1.03 billion as it shifts to a new credit loss framework mandated by the Reserve Bank of India (RBI).
How RBI plans to strengthen the Indian rupee
India is taking steps to facilitate easier transactions in the Indian rupee with its free-trade partners.
Why RBI might announce another rate cut by year-end
Goldman Sachs has predicted another policy rate cut before the end of this year.
Retail inflation slips to 8-year low of 1.54% in September
India's retail inflation fell to a multi-year low of 1.54% in September, down from August's two-month high of 2.07%.
RBI names Sonali Sen Gupta as its new Executive Director
The Reserve Bank of India (RBI) has appointed Sonali Sen Gupta as its new Executive Director (ED), effective October 9.
HDFC Bank cuts MCLR: How much could your EMIs drop?
HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR), a move that is likely to benefit borrowers with loans linked to this benchmark.
This is Modi government's stance on cryptocurrency in India
Union Commerce Minister Piyush Goyal has clarified the Indian government's position on cryptocurrency.
You can make UPI payments using facial recognition from tomorrow
Starting tomorrow, India will allow users to approve Unified Payments Interface (UPI) transactions using facial recognition and fingerprints.
RBI to start deposit tokenization pilot tomorrow: What is it?
The Reserve Bank of India (RBI) is all set to launch a pilot project for deposit tokenization tomorrow. This was announced by Suvendu Pati, the central bank's chief general manager.
Razorpay, Yes Bank launch India's first biometric card authentication system
Razorpay and Yes Bank have launched India's first biometric card authentication system, in compliance with the Reserve Bank of India (RBI) guidelines.
RBI may cut interest rates further as inflation outlook improves
The Reserve Bank of India (RBI) has hinted at the possibility of future rate cuts, a recent report by Crisil Intelligence said.
Missed a phone EMI? RBI may lock your device remotely
The Reserve Bank of India (RBI) is mulling a new rule that could let banks remotely lock mobile phones bought on Equated Monthly Installments (EMIs).
India: Cheque clearing to be done in hours starting tomorrow
India's cheque clearing system is undergoing a major transformation, starting October 4.
RBI raises IPO financing limit to ₹25L per investor
The Reserve Bank of India (RBI) has increased the limit for Initial Public Offering (IPO) financing from ₹10 lakh to ₹25 lakh per investor.
RBI proposes risk-based deposit insurance premium structure for banks
The Reserve Bank of India (RBI) has proposed a shift from a flat-rate to a risk-based deposit insurance premium structure.
No proposal to charge UPI transactions: RBI governor
Reserve Bank of India (RBI) Governor Sanjay Malhotra has clarified that there is no proposal to levy charges on Unified Payments Interface (UPI) transactions.
RBI eases investment and trade rules for NRIs
The Reserve Bank of India (RBI) has announced a series of reforms aimed at easing regulations for Non-Resident Indians (NRIs).
RBI strengthens grievance system to improve complaint resolution and services
The Reserve Bank of India (RBI) is revamping its consumer grievance redressal system, including Rural Co-operative banks under the Ombudsman scheme.
RBI proposes measures to boost rupee's global presence
The Reserve Bank of India (RBI) has announced new measures to promote the use of the Indian rupee (INR) in cross-border transactions.
RBI raises GDP growth projection for FY25 to 6.8%
The Reserve Bank of India (RBI) has revised its Gross Domestic Product (GDP) growth projection for the current fiscal year upward, from 6.5% to 6.8%.
RBI lowers inflation forecast for FY26 to 2.6%
The Reserve Bank of India (RBI) has revised its inflation forecast for the fiscal year 2025-26, lowering it to 2.6% from an earlier estimate of 3.1%.
RBI keeps repo rate unchanged at 5.5%
The Reserve Bank of India (RBI) has kept its key repo rate unchanged at 5.5%, as expected by the market.
From NPS to Speed Post: What's changing from October 1
Starting October 1, 2025, a slew of major changes will be implemented across banks, regulatory bodies, and government services in India.
RBI should opt for 25bps repo rate cut, says SBI
A recent report by the State Bank of India (SBI) has recommended a 25 basis points (bps) cut in the repo rate for the upcoming Reserve Bank of India (RBI) monetary policy meeting.
High US tariffs pose risk to India's growth: Crisil
The high tariffs imposed by the US on Indian goods could be a major risk to India's growth, according to a recent report by Crisil Intelligence.
Modi government plans to borrow ₹6.77L crore in H2 FY26
The Indian government has announced its plan to borrow ₹6.77 lakh crore in the second half of fiscal year 2025-26 (H2 FY26).
RBI avoids dollar purchases for first time in 11 years
The Reserve Bank of India (RBI) did not buy any US dollars from the forex spot market in July, a first in over 11 years.
You can withdraw your PF via ATM from January 2026
The Employees' Provident Fund Organisation (EPFO) is likely to introduce an ATM withdrawal facility for its subscribers from January 2026.
How SEBI is making it easier for foreigners to invest
India's market regulator, the Securities and Exchange Board of India (SEBI), is planning to simplify entry processes for foreign investors.
Why India's banking system is facing a liquidity crunch?
India's banking system is facing a temporary liquidity shortage, which is expected to improve in the coming days.
PhonePe reports 40% revenue growth, trims net loss by 13%
Walmart-backed PhonePe has reported a significant improvement in its financial performance for the fiscal year (FY) 2025.
From Navratri to Durga Puja, check state-wise bank holidays
Today, all public and private sector banks in Jaipur, Rajasthan will remain closed due to Navratra Sthapna. The day marks the beginning of the Hindu festival of Navratri.
FD rates drop as Indian banks adjust to global trends
Several banks in India have recently slashed their fixed deposit (FD) interest rates across different tenures.
GST rate cuts could pose risks to banking sector: Report
A recent report by Systematix Research has flagged potential risks to the banking sector due to reduced Goods and Services Tax (GST) rates.
PhonePe can now operate as online payment aggregator
PhonePe, a leading digital payments platform, has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
India's forex reserves jump $4.7B to surpass $700B
India's foreign exchange reserves have witnessed a significant jump of $4.7 billion, taking the total to $703 billion as of September 12.
M-cap of BSE-listed companies hits 11-month high of ₹465L crore
The market capitalization of all Bombay Stock Exchange (BSE)-listed companies has hit an 11-month high, crossing ₹465 lakh crore. The milestone was last seen on October 3, 2024.
India's wholesale inflation rises to 4-month high in August
India's wholesale price index (WPI) inflation rose to a four-month high of 0.52% in August, government data released today showed.
IFC to book ₹2,278cr profit from Tata Capital IPO
The International Finance Corporation (IFC), a member of the World Bank Group, is set to gain a massive profit from Tata Capital's upcoming ₹17,000 crore initial public offering (IPO).
12+ companies eyeing ₹10,000cr through IPOs in coming weeks
More than a dozen companies are planning to launch their initial public offerings (IPOs) in the next two to three weeks. The firms are looking to raise nearly ₹10,000 crore.
India's inflation to fall to 3.2% in FY26: Crisil
India's headline inflation is expected to moderate to 3.2% in the fiscal year 2025-26, according to a report by research and ratings firm Crisil.
India's forex reserves jump by $4B to hit $698B
India's foreign exchange reserves increased by $4.03 billion to reach a total of $698.26 billion for the week ending September 5, data released by the Reserve Bank of India (RBI) today showed.
India's retail inflation surges to over 2% in August
India's retail inflation rose to 2.07% in August, up from the eight-year low of 1.55% recorded in July.
You can now get cheaper loans from HDFC Bank
India's largest private lender, HDFC Bank, has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR) by up to five basis points (bps) for select loan tenures.
GST rate cut to make consumer goods cheaper
The Goods and Services Tax (GST) Council's recent decision to revise rates under two broad slabs, 5% and 18%, is expected to make a wide range of consumer goods cheaper.
India's current account swings to deficit in Q1 FY26
India's current account has swung to a deficit of $2.4 billion in the April-June quarter of FY26, according to data released by the Reserve Bank of India (RBI).
What is mule account fraud, and how to stay safe
As digital transactions continue to grow in India, a new form of financial crime has emerged: mule account fraud.
Net foreign inflows through ECBs rise to $4.6B, RBI reports
The net inflows of foreign funds through External Commercial Borrowings (ECBs) have jumped to $4.6 billion in the April-June quarter of FY26, according to data from the Reserve Bank of India (RBI).
Indian rupee at lifetime low: Will RBI step in?
The Indian rupee just slipped to a record low of 88.3 per US dollar, continuing its recent losing streak. This drop is mainly due to US tariffs and big withdrawals by foreign investors.
RBI sees private capex rising to ₹2.67L crore in FY26
The Reserve Bank of India (RBI) has projected a massive 21.5% increase in private sector capital expenditure (capex) for the fiscal year 2025-26.
Indian economy projected to grow 6.5% in FY26
India's economy is projected to grow by 6.5% in the fiscal year 2025-26, driven by steady domestic momentum, according to a report by Bank of Baroda.
India's economy grows 7.8% in Q1 FY26, hitting 15-month high
India's economy expanded by a robust 7.8% in the first quarter (April-June) of FY26, hitting a five-quarter high, according to estimates released by the Ministry of Statistics and Programme Implementation (MoSPI).
India's forex reserves drop by $4.3B to nearly $691B
India's foreign exchange reserves have witnessed a significant decline of $4.38 billion, bringing the total down to $690.72 billion for the week ending August 22, as per Reserve Bank of India (RBI) data.
RBI sold $3.6B in June to stabilize rupee
The Reserve Bank of India (RBI) sold $3.6 billion in June, in a bid to stabilize the depreciation of the Indian rupee (INR).
RBI weighs new rules to cut risks in NBFC sector
The Reserve Bank of India (RBI) is considering a proposal to limit shadow lenders from conducting business activities that conflict with their parent company's, according to Bloomberg.
RBI hints at policy measures to counter 50% US tariffs
The Reserve Bank of India (RBI) has hinted at possible policy measures in response to the 50% US tariffs, which come into effect on Wednesday.
Fitch affirms India's 'BBB-' rating, says economic outlook remains strong
Global credit rating agency Fitch has affirmed India's long-term credit rating at 'BBB-' with a "stable" outlook.
Yes Bank shares up 5% today: Here we decode why
Yes Bank's share price jumped nearly 5% today, hitting an intraday high of ₹20.2 per share.
Banks to remain shut for 3 days starting today
The Reserve Bank of India (RBI) has announced a series of regional holidays for banks in August 2025. The closures are due to regional festivals and observances.
Centre: Banks can't reject first-time borrowers for zero CIBIL score
The Ministry of Finance has clarified that a minimum CIBIL score is not mandatory for first-time borrowers to get bank loans.
SMBC receives RBI approval for 25% stake in Yes Bank
The Reserve Bank of India (RBI) has approved Sumitomo Mitsui Banking Corporation (SMBC) to acquire up to 24.99% of Yes Bank's paid-up share capital and voting rights.
India's forex reserves surge $4.7B to hit $693.6B
India's foreign exchange reserves have increased by $4.7 billion to reach $693.6 billion in the week ending August 8, data released by the Reserve Bank of India (RBI) has showed.
Home loan interest rates: How much SBI, HDFC, ICICI charge?
The State Bank of India (SBI), the country's largest lender, has hiked its home loan interest rates.