Reserve Bank Of India (RBI): News
Banks to remain open Sunday ahead of 3-day nationwide strike
In a bid to minimize disruption in banking services, the Indian government has announced that all public sector banks and Regional Rural Banks will remain open on Sunday.
Banks to remain open on Sunday ahead of proposed strike
In a bid to minimize disruption to banking services, all public sector banks and regional rural banks will remain open on Sunday (September 27).
RBI eases KYC rules for FPIs: How it affects you
The Reserve Bank of India (RBI) has simplified the know your customer (KYC) process for foreign portfolio investors (FPIs) at rural and urban co-operative banks.
US now accounts for 54% of India's software services exports
India's software services exports witnessed a growth of 8.2% to $221.4 billion in the fiscal year 2025-26 (FY26), excluding sales by overseas affiliates of Indian companies.
Tata Sons faces legal fight as Trusts challenge Chandrasekaran's reappointment
The ongoing dispute between Tata Sons and Tata Trusts over N Chandrasekaran's reappointment as executive chairman could escalate into a long-drawn legal battle.
Tata Sons reappoints N Chandrasekaran as chairman for 5 years
Tata Sons, the holding company for Tata Group, has reappointed N Chandrasekaran as its executive chairman for another five-year term.
RBI may raise repo rate by 50bps this year: JPMorgan
JPMorgan has predicted that the Reserve Bank of India (RBI) could raise interest rates by a total of 50 basis points (bps) by December.
Why Tata stocks fell up to 7% today
Tata Group stocks witnessed a major fall today, with losses of as much as 7%.
Indian bonds see major decline today: What's the reason?
Indian bonds have taken a hit after the Reserve Bank of India (RBI) announced its plan to sell sovereign notes.
India's retail inflation rises to 4.82% in August
India's retail inflation surged to 4.82% in August, up from July's 4.45%, according to government data released today.
RBI liquidity surplus hits record: Will loans get cheaper?
India's banking system is witnessing an unprecedented cash surplus, with liquidity exceeding ₹11 lakh crore in early September. This is a record high, according to Bloomberg data.
RBI rejects Tata Sons' bid, paving way for its IPO
The Reserve Bank of India (RBI) has rejected Tata Sons's application for voluntary surrender of its Certificate of Registration (CoR) to be classified as unregistered Core Investment Company (CIC).
Your HDFC Bank loans are now cheaper
HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates (MCLR) on select tenures.
How NRIs can submit life certificate for uninterrupted pension
Retired individuals who receive pensions under the Employees' Pension Scheme (EPS-95) must keep their Life Certificate, or Jeevan Pramaan, up to date.
India's forex reserves soar $11.5B to all-time high of $741B
India's foreign exchange reserves have witnessed a massive jump of $11.47 billion, hitting a new record high of $740.8 billion as of August 28.
LIC can now acquire 9.99% stake in ICICI Bank
The Reserve Bank of India (RBI) has approved Life Insurance Corporation of India's (LIC) proposal to acquire up to 9.99% of ICICI Bank's share capital.
Why RBI's ₹7L crore VRRR auction on Monday matters
The Reserve Bank of India (RBI) has announced that it will conduct a ₹7 lakh crore variable rate reverse repo (VRRR) auction on September 7.
Payment aggregators seek RBI's extension on merchant re-KYC deadline
Payment aggregators have requested the Reserve Bank of India (RBI) to extend the September 15 deadline for merchant re-KYC.
Syed Akbaruddin, a former diplomat appointed as part-time RBI director
Former Indian diplomat Syed Akbaruddin has been appointed as a part-time non-official director on the Central Board of the Reserve Bank of India (RBI).
India's current account deficit in Q1 FY27 surges to $4.2B
India's current account deficit (CAD) widened to $4.2 billion in the first quarter of FY27, up from $3.4 billion during the same period last year.
₹7.4cr currency notes replaced with counterfeits at UP PNB vault
A shocking case of currency fraud has been reported at the Punjab National Bank (PNB) currency chest in Saharanpur, Uttar Pradesh.
KYC compliance: Millions of UPI merchants may miss RBI's deadline
The Indian payments industry is preparing for major disruptions as the Reserve Bank of India (RBI) nears its September 15 deadline for Know Your Customer (KYC) compliance.
India's fiscal deficit for April-July stands at ₹4.55L crore
India's fiscal deficit for the first four months of this financial year, up to July, stood at ₹4.55 lakh crore.
Who will become next CEO of HDFC Bank?
HDFC Bank, India's largest private lender, is considering Deputy Managing Director Kaizad Bharucha as a potential successor to current CEO Sashidhar Jagdishan.
India's forex reserves hit record high of $730B
India's foreign exchange reserves have hit a new high of $729.33 billion, a jump of $12.42 billion from the previous week, according to the data released by the Reserve Bank of India (RBI).
RBI to buyback government securities worth ₹30,000cr on September 3
The Reserve Bank of India (RBI) has announced a buyback of government securities worth ₹30,000 crore on September 3.
RBI's USD-INR forex swap facility attracts inflows worth $73B
The Reserve Bank of India's (RBI) special USD-INR forex swap facility has garnered $72.8 billion in foreign exchange inflows till August 21.
Indian banks to remain closed on these days next week
Public and private sector banks across India will observe several holidays next week.
India's FY27 growth may beat RBI's 6.7% forecast
India's economic growth could exceed the Reserve Bank of India's (RBI) projection of 6.7% for the current fiscal year, RBI Deputy Governor Poonam Gupta has said.
Why Noel Tata plans to meet RBI before August-end
Noel Tata, Chairman of Tata Trusts and representing the majority shareholding in private company Tata Sons, is likely to meet Reserve Bank of India (RBI) officials before this month ends.
Meet Shabnam Sinha, World Bank-veteran named Airtel Payments Bank chief
Airtel Payments Bank has announced a major leadership change, with Shabnam Sinha set to take over as chairperson from October 1, 2026.
RBI proposes guidelines for floating-rate loans: How they affect you?
The Reserve Bank of India (RBI) has proposed a new set of guidelines to protect borrowers with floating-rate loans from changes in interest rate benchmarks.
RBI closing special foreign currency deposit window on August 31
The Reserve Bank of India (RBI) has advanced the closure date for its special Foreign Currency Non-Resident (Bank) [FCNR(B)] deposit scheme.
Paytm CEO, CFO get SEBI notice over 2023 loan disclosure
Paytm's senior management, including CEO Vijay Shekhar Sharma and CFO Madhur Deora, have received a show cause notice from the Securities and Exchange Board of India (SEBI).
Will BRICS countries link their payment systems?
The BRICS group of nations is considering the integration of their fast payment systems and central bank digital currencies (CBDCs).
Centre approves trials of ₹10, ₹20 polymer notes
The Indian government has approved a proposal to conduct field trials of one billion polymer banknotes each in the denominations of ₹10 and ₹20.
How RBI is helping banks combat digital payment fraud
The Reserve Bank of India (RBI) has announced a new initiative to help banks combat digital payment fraud.
Top Indian private banks eye $3B in dollar loans
India's leading private banks, including HDFC Bank, are looking to raise up to $3 billion through dollar bonds or loans.
Indian diaspora could help UPI expand globally
The National Payments Corporation of India (NPCI), the body behind India's popular mobile payments system, is eyeing global expansion.
No, banks can't lock your phone over loan defaults: RBI
The Reserve Bank of India (RBI) has issued a new directive, barring banks from disabling mobile phones and laptops of defaulting borrowers.
When will India introduce plastic notes? RBI Governor shares timeline
The Reserve Bank of India (RBI) is gearing up to introduce plastic currency notes in the country.
RBI holds repo rate: What it means for your FD
The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 5.25%.