Reserve Bank Of India (RBI): News
India's forex reserves down by $5.6B to $689.7B
India's foreign exchange reserves have witnessed a significant decline of $5.623 billion, now standing at $689.733 billion.
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.