Inflation inches up from 3.48% in April; concerns raised over inflation outlook amid US-Iran war and possibility of a weak monsoon.
SBI, PNB, BoB, HDFC and ICICI among others have raised interest rates on FCNR (B) deposits within days of RBI announcing a foreign currency swap window until 30 September.
Majority of NBFCs, whose certificates of registration were cancelled, had a registered office address in West Bengal; 13 NBFCs also surrendered their registration.
RBI’s forex swap measures on FCNR (B) deposits and ECBs by state-owned companies could attract $60-70 bn in foreign capital and support rupee, India Ratings and Research said.
RBI allows banks to lend to REITs and InvITs; keeps key prudential safeguards on exposure limits, asset quality and repayment structures.
State Bank of India hands over dividend cheque of Rs 8,813 crore to Finance Minister Nirmala Sitharaman for the financial year 2025-26.
RBI introduces swap facility for fresh FCNR (B) deposits with maturities of 3-5 years to attract foreign capital and support rupee; ECBs with swap facility offered to PSUs.
RBI slaps penalty of Rs 41.8 lakh on Canara Bank for non-compliance with certain provisions, including those related to KYC norms.
Under RBI’s proposed changes, banks will be required to publish on their websites interest rates on deposits before the start of each business day (UPDATED).
RBI will soon release an updated list of upper-layer non-banking financial companies, Governor Sanjay Malhotra said.
RBI Governor Sanjay Malhotra said rural demand and private consumption have remained healthy so far but some moderation now could be inevitable.
Medium-term inflation target at 4% has not been put in abeyance, says RBI Governor Sanjay Malhotra; rate hike would depend on whether price rise becomes broad-based and persistent.
RBI keeps repo rate unchanged at 5.25% while revising forecast on inflation and growth for FY27; introduces measures to attract foreign capital and support rupee.
Govt and RBI take coordinated steps to spur foreign inflows and prop up rupee. Will it work?
Govt extends tenure of RBI Deputy Governor Swaminathan Janakiraman for another two years with effect from 26 June 2026.
