RBI-led MPC lowers repo rate by 25 bps to 6.25%; GDP growth rate expected to be at at 6.7% in FY26 while inflation is projected to fall to 4.2%.
Rupee further weakens by 14 paise to close at an all-time low of 87.57 against the US dollar, a day ahead of the RBI’s monetary policy announcement.
Vijay Mallya submits in petition that Rs 6,200 crore debt he owes to banks has been recovered “multiple times over”.
Rupee falls to 87.50 per dollar in afternoon trade amid concerns over Donald Trump’s tariff policy and possible decision on Friday by RBI-led MPC to cut interest rate after almost five years.
Rupee falls to a record low on Monday amid fears of a global trade war; US President Donald Trump slaps tariffs on imports from Canada, Mexico and China.
RBI takes action due to governance concerns and defaults in meeting payment obligations; appoints former PNB CGM Ram Kumar as administrator.
2,84,355 complaints were disposed by ombudsman in FY24, thereby achieving disposal rate of 95%, RBI said.
RBI slaps penalty on Canara Bank, Bank of India and Jammu and Kashmir Bank for deficiencies in regulatory compliance.
Kotak Mahindra Bank completes acquisition of Rs 3,300 crore personal loan book of Standard Chartered Bank following regulatory approvals.
IDFC First Bank launches UPI-enabled RuPay credit card; backed by fixed deposit, it is designed for first time credit card users.
RBI sets up new standing external advisory committee to evaluate applications for universal banks and small finance banks.
RBI’s fund injection via two auctions comes a day after banking system liquidity gap breaches Rs 2 lakh crore threshold.
Govt also looks to dilute its shareholding in these 5 banks through offer for sale; aim is to adhere to regulatory norm of maintaining public shareholding at minimum of 25%.
With Michael Debabrata Patra’s extended term as RBI deputy governor coming to an end, the central bank has reshuffled portfolios of its deputy governors.
RBI’s first daily variable rate repo auction to begin on 16 Jan for an amount of Rs 50,000 crore.
