The Latest Breaking News from RBI

India considering several measures to stop CAD from widening further, says Piyush Goyal

India CAD: India is watching the fluctuations in the global economy as policymakers deliberate on strategies to address the growing current account deficit, Piyush Goyal said. With the rupee under pressure amid uncertain global trade dynamics, the latest figures show a worrying trend for the December quarter; Nonetheless, the fiscal…

The Economic Times · May 21

SBI Bank Holiday Alert 2026: SBI branches may remain closed for up to 6 days from May 23-28 due to weekend, strike and Bakrid

SBI bank holidays May 2026: SBI branches may be closed for up to six days from May 23, 2026, due to a weekend, a proposed two-day staff strike, and the Bakrid holiday.

The Economic Times · May 21

Can banks block your mobile in case of loan default? RBI lays down rules for restricting services; Rs 250/hour compensation in this case

If the lender bank decides to deploy any technology-based mechanism for restricting or disabling the functionalities of a mobile device of a borrower, it shall ensure adopting a graduated approach rather than disabling the device, ab initio; it can’t disable essential services like internet access, incoming calls, emergency SOS, and…

The Economic Times · May 21

Rupee under pressure; crude oil, bond yields and dollar strength create perfect storm: Naveen Mathur

The Indian rupee is facing intense pressure due to rising crude oil prices, a strengthening dollar, and widening deficits. The Reserve Bank of India has actively intervened, depleting foreign exchange reserves to manage volatility rather than defend a specific level. Importers should hedge, while exporters benefit from the weaker currency.

The Economic Times · May 20

Experts see possibility of 50-75 bps RBI rate hike amid inflation pressures

Concerns are rising over India's economic outlook due to surging crude oil prices and inflation. Experts suggest the Reserve Bank of India might increase interest rates in the coming quarters. Global uncertainties and geopolitical tensions are adding pressure. While some anticipate a cautious pause, persistent inflation risks could lead to…

The Economic Times · May 20

Indian banking system robust despite West Asia crisis, falling forex reserves: Experts

Amid the turbulent times following the West Asia escalations, financial leaders expressed strong confidence in the resilience of the Indian economy and its banking architecture. They dismissed immediate panic over dipping foreign exchange reserves and raging geopolitical tensions.

The Economic Times · May 20

RBI proposes banks to disclose detailed information on capital, risks under Basel Pillar 3

The Reserve Bank of India is introducing new rules for banks under Basel III. Lenders will soon publish detailed information quarterly on capital, leverage, liquidity, and risks. This aims to boost transparency and market understanding. Banks must explain any significant changes in these figures. The new framework starts from the…

The Economic Times · May 19

RBI cancels licence of Maharashtra-based The Yashwant Co-op Bank

The Reserve Bank of India has cancelled the license of The Yashwant Co-operative Bank, Phaltan, Maharashtra, citing inadequate capital and poor earning prospects. The bank's operations will cease from May 19, 2026, with depositors to receive insurance claims up to Rs 5 lakh. Approximately 99.02% of depositors are expected to…

The Economic Times · May 19

India's inflation puzzle: How will fuel price play out

India's inflation debate intensifies as wholesale prices surge, driven by fuel costs, while retail inflation remains subdued. A recent fuel price hike is expected to push retail inflation higher, impacting household budgets. The RBI will closely monitor global crude prices, monsoon impact, and the pass-through of wholesale to retail inflation…

The Economic Times · May 19

250% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.5 lakh

The Reserve Bank of India has announced the premature redemption price for Sovereign Gold Bond SGB 2020-21 Series-II, fixed at Rs 15,904 per unit. Investors can redeem this tranche from May 19, 2026, after the fifth year. This offers an absolute simple return of over 250% on the initial investment.

The Economic Times · May 19