The Latest Breaking News from RBI

Woman took a home loan at 12% interest, but Citi Bank charged up to 16.5% and recovered Rs 12.9 lakh extra; consumer commission orders refund and Rs 1 lakh compensation

Citi Bank has been ordered to refund Rs 12,91,248 to a home loan borrower after the Delhi State Consumer Disputes Redressal Commission found it charged interest at rates up to 16.5 per cent against an agreed rate of 12 per cent, and withheld information about an RBI circular that gave…

The Economic Times · Aug 12

361% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 4.61 lakh

SGB premature redemption date: The Reserve Bank of India has announced the premature redemption price for the SGB 2018-19 Series VI, allowing investors to redeem their bonds starting August 12, 2026, after a five-year term. Investors stand to gain substantial returns on their initial capital.

The Economic Times · Aug 12

India bonds hemmed in by oil worries ahead of inflation data

On Wednesday morning, Indian government bonds exhibited limited fluctuations due to high oil prices and anticipation of inflation data. The market reacted cautiously as hopes for peace in the Middle East dwindled following recent maritime incidents. Investors remain attentive to domestic and US inflation indicators, which will likely influence future…

The Economic Times · Aug 12

Not much concerned on proposed NBFC norms, revolving credit exposure below 5%: Tata Capital CEO

Tata Capital's revolving credit exposure remains below five percent of its total lending. The company will submit its feedback to the Reserve Bank of India on proposed new regulations. These draft norms suggest non-banking finance companies should not offer revolving credit products. Tata Capital's managing director stated the current exposure…

The Economic Times · Aug 11

RBI curbs on NBFC flexi credit may push lenders towards bullet loans, raise costs: Kotak

The Reserve Bank of India's (RBI) proposed restrictions on revolving credit facilities offered by non-banking financial companies (NBFCs) may increase operational challenges for lenders, reduce their returns and raise costs for borrowers, Kotak Institutional Equities said in a report.

The Economic Times · Aug 11

India sixth-largest economy at $3.92 trillion nominal GDP in FY26: Government

India's economy reached sixth globally with a $3.92 trillion GDP in 2025-26. Government strategies focus on agricultural productivity and manufacturing growth. Infrastructure and logistics are strengthened through public investment and new policies. Foreign investment remains substantial, and bank bad loans have significantly fallen. Unclaimed bank deposits now total over Rs…

The Economic Times · Aug 11

SBI bank locker Rs 50 lakh jewellery theft: What happens if your valuables goes missing or gets stolen? How much will bank pay?

A Kanpur woman has alleged that jewellery and valuables worth around Rs 50 lakh went missing from her SBI bank locker. Here’s what RBI rules say about bank liability, negligence and compensation for locker-related losses.

The Economic Times · Aug 11

Government approves introduction of one billion polymer banknotes of Rs 10 and 20

The government has approved polymer banknotes for field trials and regular issuance. Inflation has declined steadily, though recent pressures exist. The Goods and Services Tax Council introduced a two-rate structure for goods. Customs duty and excise duty reductions aim to contain price pressures. Disposable income increased, supporting household consumption and…

The Economic Times · Aug 11

Sovereign Gold Bond premature redemption date today: Check August 11, 2026, SGB redemption price, returns on Rs 1 investments

Sovereign Gold Bond: The Reserve Bank of India has revealed the redemption prices for select gold bond series, which can be redeemed prematurely after a five-year period from their issuance. The redemption amount is determined by taking a three-day average of gold prices.

The Economic Times · Aug 11

RBI Governor Malhotra outlines which Indian banks will win the AI era

RBI Governor Sanjay Malhotra said banks that succeed in the AI era will be those that understand the technology they deploy and maintain clear accountability for its outcomes, rather than simply adopting AI faster. Speaking at FIBAC 2026, he said AI will reshape risk assessment, customer service, capital pricing and…

The Economic Times · Aug 11