Stay Connected. Stay Informed.
Reserve Bank of India (RBI) Governor Sanjay Malhotra addresses a press conference in Mumbai | Photo Credit: ANI A failure to finalise a trade deal between India and the U.S. could have “some negative impact” on the Indian economy, but a string of recent trade agreements and diversification of exports could cushion the fallout from…
Individuals undertaking forex transactions for personal purposes will not be covered by the Reserve Bank of India’s (RBI) new FEMA reporting requirements, Governor Sanjay Malhotra clarified on Wednesday, as concerns grew among freelancers, content creators and small service exporters. The RBI said it will soon issue a set of FAQs to clear the confusion surrounding…
Read More “Individuals spared from new FEMA reporting requirement: RBI clarifies” »
The Reserve Bank of India (RBI) has approved the appointment of Anup Bagchi as Managing Director & CEO of HDFC Bank for three years from October 27, 2026. The bank’s board, at its October 1 meeting, approved his appointment as an Additional Director from October 2 until shareholder approval. Mr. Bagchi was among two candidates…
Read More “Anup Bagchi to steer HDFC Bank as RBI gives nod” »
The Reserve Bank of India faces uphill task | Photo Credit: The Hindu The Reserve Bank of India (RBI) is likely to raise the repo rate twice by as much as 50 basis points by the end of December 2026 in line with global tightening cycle and excess liquidity in the banking system. Market participants…
Read More “RBI may deliver two rate hikes by CY 2026:Analysts” »
RBI headquarter | Photo Credit: bl-online Administrator The 20-month-high retail inflation of 4.8% in August 2026 has significantly increased the probability of an interest rate hike by the Reserve Bank of India’s Monetary Policy Committee (MPC) in its next meeting in October, according to economists. Inflation in August as measured by the Consumer Price Index…
Read More “August retail inflation raises chances of RBI rate hike in October, say economists” »
Former Reserve Bank of India Governor C. Rangarajan has criticised the consolidation of Regional Rural Banks (RRBs), saying the move has undermined their local and regional character and could eventually lead to their merger with universal banks. “What has happened to Regional Rural Banks?” Mr. Rangarajan asked while speaking at an event in Chennai marking…
The central bank may prioritise closing its $137 billion open short forward dollar positions , with the FCNR(B) deposits received , according to experts and industry insiders. “The RBI has an outstanding short forward position of USD 137 Bn. If the RBI decides to not roll over the outstanding positions the INR liquidity will be…
Read More “RBI may prioritise closing dollar shorts with FCNR(B) inflow” »
India’s current account deficit (CAD) widened to $4.2 billion, or 0.5% of GDP, in the first quarter of 2026-27, compared with $3.4 billion, or 0.4% of GDP, in the year-ago period, according to preliminary data released by the Reserve Bank of India (RBI) on Tuesday. The widening deficit was primarily driven by a higher merchandise…
RBI | Photo Credit: Reuters Indian economy has navigated well the external uncertainties and supply chain pressures, underpinned by healthy demand conditions and resilient performance of the industrial and services sectors, according to a Reserve Bank of India (RBI) bulletin. “The global economy is dealing with uncertain economic environment, supply chain disruptions and fragmented trading…
Read More “Indian economy navigated well external uncertainties: RBI Bulletin” »
FILE PHOTO: Reserve Bank of India | Photo Credit: FRANCIS MASCARENHAS The Reserve Bank of India (RBI) on Wednesday issued the ‘Guidance on Regulatory Expectations for Data Governance’ for banks and other Regulated Entities (REs) prescribing a comprehensive framework to strengthen governance of data across the banking system. The objective of the guidance is to…