The Latest Breaking News from RBI

Can all NRIs, PIOs and OCIs open FCNR (B), NRE and NRO accounts?

Individuals classified as Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) are restricted from opening standard resident savings accounts. Alternatively, Overseas Citizens of India (OCIs) may establish resident accounts under particular conditions.

The Economic Times · Aug 22

India bonds log worst week in FY27 on RBI surprise U-turns

Indian government bonds encountered significant challenges this week, marking the worst week of the financial year. The Reserve Bank of India's hawkish policy minutes triggered a selloff, compounded by the early closure of a diaspora-deposit hedging facility. Additionally, soaring crude oil prices heightened inflation concerns and rate hike fears in…

The Economic Times · Aug 21

Gold bond premature redemption calendar for October 2026-March 2027 released: Check all SGB exit dates to redeem your investments

The Reserve Bank of India has set specific premature redemption windows for Sovereign Gold Bonds, allowing investors to withdraw funds between October 2026 and March 2027. Applications for early withdrawal must be made through approved channels, such as banks and post offices. It's imperative for investors to pay attention to…

The Economic Times · Aug 21

India to give Canada's Fairfax two years to consolidate holdings for IDBI Bank deal: Sources

Fairfax Financial may receive two years to consolidate its Indian bank holdings. This consolidation is necessary for its acquisition of a majority stake in IDBI Bank. The government and Life Insurance Corporation are finalizing this significant transaction. Fairfax currently holds a substantial stake in the smaller lender CSB Bank. The…

The Economic Times · Aug 21

HDFC Bank's record dollar bond sale makes it top issuer under RBI window

HDFC Bank has achieved a remarkable feat by securing $1.75 billion through a dual-tranche dollar bond issuance, marking the largest single debt fundraising effort by any Indian bank. This successful venture included selling five-year bonds worth $1.25 billion and three-year bonds worth $500 million. With investor demand surging to about…

The Economic Times · Aug 21

Rs 30,000 cr loss in 3 months: Why BSE stock is failing investors and should you buy now?

The BSE stock has witnessed a pronounced decrease in market value recently, attributed to the introduction of new auction regulations and diminished option trading activity. Additionally, the stricter bank guarantee requirements for brokers have raised alarm among investors. As a result, analysts have revised down their earnings expectations and stock…

The Economic Times · Aug 21

India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters

The government has amended its Foreign Trade Policy to ease rupee invoicing for exporters. Eligible rupee receipts now qualify for export benefits and obligations, aligning with new regulations. This change applies to exports to all countries, with specific rules for ACU members. Rupee settlements may reduce costs and risks for…

The Economic Times · Aug 20

Small Urban co-operative banks face risks bigger than their size due to cyber threats: RBI Dy Governor

Urban co-operative banks may be limited in size but face risks far beyond their physical footprint, RBI Deputy Governor Swaminathan J said. He flagged cyber threats, digital fraud and dependence on external service providers as key vulnerabilities, urging stronger safeguards, continuity planning and shared infrastructure to bolster UCBs’ resilience.

The Economic Times · Aug 20

Cashfree Payments posts 52% jump in revenue in FY26, losses narrow

Over the last two years, Cashfree reported marginal growth in revenue and no improvement in the bottom line following a year-long ban by the Reserve Bank of India on online payment aggregators from onboarding new merchants, which was lifted in late 2023.

The Economic Times · Aug 20

India eases rules for rupee export payments, seeks to widen trade settlement

India has eased export payment rules, allowing rupee settlements with non-Asian Clearing Union countries. This move aims to promote wider use of the local currency in international trade transactions. Eligible rupee export receipts will now qualify for trade-policy benefits and count towards exporter obligations. The changes align with recent Reserve…

The Economic Times · Aug 20