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The Latest Breaking News from RBI

RBI provides banks greater flexibility to determine bulk deposit interest rates; changes effective from October 1, 2026

New Reserve Bank of India rules will change bank deposit interest rate disclosures starting October 2026. Banks will gain flexibility in setting interest rates for bulk deposits of three crore rupees and above. These institutions must now publish bulk deposit rates on their websites daily by ten AM.

The Economic Times

RBI MPC begins today as policymakers weigh inflation, crude risks

The Reserve Bank of India's Monetary Policy Committee begins its meeting this week. Market participants widely expect the benchmark repo rate to remain unchanged. Experts believe the central bank will focus on domestic inflation and growth. Global uncertainties and elevated crude oil prices are closely monitored. Future policy decisions will…

The Economic Times

D-St poised for a positive start as GIFT Nifty trades firmly higher

Domestic markets extended their winning streak for a third consecutive session. Nifty advanced nearly two percent last week, driven by strong quarterly earnings. Analysts expect Indian equities to trade with a positive bias this week. Investors will monitor the RBI's monetary policy decision and PMI data. Crude oil prices and…

The Economic Times

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Count-counterpoint: MPC's external members must have the courage to dissent, disagreement drives course correction

The Reserve Bank of India's Monetary Policy Committee is meeting to decide on interest rates. The committee must balance inflation concerns with the need to support economic growth. External factors are largely blamed for India's current economic challenges. The RBI's actions and communication are crucial for market stability. Greater dissent…

The Economic Times

RBI likely to hold rates in August, maintain hawkish tone as inflation risks loom: Economists

The Reserve Bank of India will likely maintain its benchmark repo rate unchanged this August. Elevated inflation risks and the FCNR(B) deposit scheme closure influence this decision. The central bank will adopt a hawkish tone while monitoring monsoon progress and global factors. Most economists anticipate future rate hikes if inflationary…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Monday

The Indian stock market rallied around 3% over the last week, recouping its early losses despite global volatility. Analysts expect the market's direction in the coming week to hinge on the RBI MPC meeting outcome, oil prices, corporate earnings and other key domestic and global cues.

The Economic Times

Will Nifty, Sensex extend gains on Monday? 6 factors which will drive D-Street action this week

Indian stock market is expected to extend recent gains this week. The Reserve Bank of India's policy decision will significantly influence market direction. Geopolitical tensions in the Middle East and fluctuating oil prices remain key concerns. Foreign institutional investors are showing renewed interest in Indian equities. Corporate earnings announcements will…

The Economic Times

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SBI ordered to refund nearly Rs 2 lakh after online fraud as customer said he never shared his ATM PIN, OTP or banking details

A consumer commission has directed the State Bank of India (SBI) to refund Rs 1.64 lakh to a customer who lost money in an unauthorised online banking transaction. The commission ruled that the bank failed to prove any negligence on the customer's part and also ordered SBI to pay Rs…

The Economic Times

RBI likely to hold repo rate at 5.25%, market to focus on policy guidance: Nuvama

The Reserve Bank of India will likely keep its repo rate unchanged at 5.25 percent. Policymakers are expected to adopt a cautious wait-and-watch approach for now. Inflation risks remain elevated due to supply chain and oil price concerns. Financial conditions have tightened, reducing the immediate need for rate action.

The Economic Times

RBI's FCNR, forex schemes draw $40.81 billion in inflows so far

Significant capital inflows have been recorded, thanks to the proactive measures taken by India's central bank. The Reserve Bank of India facilitated a total of $40.81 billion in foreign exchange influx, of which $36.7 billion derived from Foreign Currency Non-Resident deposits. Support also came through swap facilities for External Commercial…

The Economic Times

Indian companies are about to raise prices, putting RBI's inflation outlook to test

Indian companies are preparing for price increases on various products soon as commodity costs rise due to ongoing global conflicts. Consumers can expect higher prices for everyday items ranging from toothpaste to tires. Demand is expected to remain stable during the upcoming festival season. Policymakers are closely monitoring inflation pressures…

The Economic Times

RBI asks banks to install fake currency detection machines at branches along international borders

The Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note authentication machines. All cash handling staff will receive training on security features by October 2026. Banks must analyze fake note data to identify trends and hotspots. This initiative aims…

The Economic Times

India's forex reserves rise by $6.1 billion to two-month high of $682.35 billion as of July 24

India's foreign exchange reserves saw a significant rise of $6.1 billion. This increase brought the total reserves to $682.35 billion as of July 24. Previously, reserves had grown by $1.08 billion in the preceding week. Earlier this year, reserves reached a record high of $728.494 billion. However, reserves declined due…

The Economic Times

Home loan EMI, amortisation and prepayment- The mathematics every borrower in India must understand

Understanding home loan mechanics helps borrowers reduce total borrowing costs. The reducing balance method ensures interest decreases as the principal falls. Loan amortisation shows how EMIs gradually repay both principal and interest. Early prepayments significantly reduce total interest paid over the loan tenure. Repo rate changes impact floating rate home…

The Economic Times

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The Economic Times

Rupee posts strongest week since March on RBI support

The Indian rupee finished Friday on a strong note, marking its most significant weekly increase since March, thanks to continuous support from the central bank amidst a weakening dollar. Heightened tensions in the Middle East have driven oil prices upward, influencing the rupee's monthly trends. Likewise, India's IT sector demonstrated…

The Economic Times

RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banks

The Reserve Bank of India has revised its Basel Pillar 3 disclosure framework. These amendments aim to strengthen market discipline through more comprehensive public disclosures. Banks must now provide detailed information on capital and risk exposures. A formal disclosure policy approved by boards is also required. Further templates for specific…

The Economic Times

Rupee ends nearly flat at 95.68 vs USD, wedged between oil swings, RBI intervention

On Thursday, the Indian rupee remained stable, closing at approximately 95.68 against the dollar. The currency faced pressure due to fluctuating oil prices and heightened demand for dollars from corporations. However, intervention from the central bank likely prevented it from falling past the critical 96 level. Traders mentioned that importer…

The Economic Times

Gold pulled India back from the edge of crisis 35 years ago

Thirty-five years after India pledged 67 tonnes of gold to avert a balance of payments crisis, the episode remains one of the defining moments in the country's economic history. The emergency gold airlift bought crucial time for the landmark 1991 economic reforms that transformed India from a licence-permit economy into…

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The Economic Times

RBI sold about $7 billion to defend rupee on Friday

India's central bank sold approximately $7 billion to defend the rupee. The Reserve Bank of India intervened across markets as the currency neared a record low. This intervention followed a surge in crude prices impacting Asian oil importers. The RBI's actions helped lift the rupee further away from its all-time…

The Economic Times

India bonds tiptoe along ahead of Fed meet; oil prices weigh

Indian government bonds traded range-bound early Wednesday as investors awaited the Fed's rate decision. Oil prices climbed, reviving concerns about the Gulf conflict and global economic impact. The Reserve Bank of India's policy decision is due next week, with rates expected to remain unchanged. India's financial conditions have tightened recently…

The Economic Times

Best gilt mutual funds to invest in July 2026

Gilt funds are recommended for aggressive debt investors expecting RBI rate cuts. These funds offer potential double-digit returns when interest rates begin to fall. Gilt funds invest in government securities, carrying no credit risk but high interest rate sensitivity. Investors should possess a long-term horizon and understand interest rate cycles…

The Economic Times

HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank list

HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts.…

The Economic Times

Barclays sees RBI holding rates in Aug policy as FCNR(B) inflows ease rupee concerns

In the forthcoming monetary policy meeting, the Reserve Bank of India is likely to maintain the current interest rates. The recent surge in foreign capital has mitigated fears surrounding the rupee's performance. However, sustained inflation levels pose a significant challenge for the bank's decisions. The current geopolitical landscape and the…

The Economic Times

Macroeconomic fundamentals of Indian economy remain strong amid global challenges

India's economy shows strong macroeconomic fundamentals and a resilient financial system. Robust domestic demand and healthy corporate balance sheets support sustained economic growth. The Indian Rupee has depreciated against the US Dollar due to global events. Regional Rural Banks and Public Sector Banks have reported record profits. Government initiatives aim…

The Economic Times

Delhi High Court orders winding up of Paytm Payments Bank after RBI licence cancellation

Paytm Payments Bank Limited is set for closure as per the directive from the Delhi High Court, resulting from the Reserve Bank of India's earlier cancellation of its banking license. Reasons cited include failure to meet compliance regulations and negative impacts on depositors. Now, with Girikumar M Nair named as…

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