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The Latest Breaking News from Sanjay Malhotra

India's retail inflation quickens to 4.8% in August from 4.45% in July as food prices exert pressure

India's retail inflation rose to 4.82% in August 2026 from 4.45% in July. Food prices and jewellery significantly contributed to this recent inflationary pressure. The Reserve Bank of India has lowered its FY27 inflation forecast to 5%. Inflation is expected to rise in the near term and peak in the…

The Economic Times

RBI has enough tools to absorb liquidity surge, 'nothing off table': Governor Malhotra

The Reserve Bank of India possesses tools to manage banking liquidity from deposit inflows. Governor Sanjay Malhotra indicated a readiness to deploy various measures if needed. He noted that excess liquidity currently lowers the weighted average call rate. The central bank anticipates some liquidity withdrawal naturally over time. The MPC…

The Economic Times

Rupee sees sharpest weekly drop in four months on oil worries

This week saw the Indian rupee tumble more than one percent against the dollar, primarily influenced by surging oil prices. Central bank interventions played a critical role in curtailing further depreciation. In addition to oil price hikes, escalating global bond yields contributed to the rupee's struggles. As the Reserve Bank…

The Economic Times

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India's BRICS play may have a payment plan with no hard cash

India is unlikely to back a common BRICS currency at the September 12-13 summit, instead favouring links between national payment systems and CBDCs to make cross-border transactions faster and cheaper. The story traces India’s opposition to a new BRICS currency, Trump’s tariff threats, the RBI’s push for CBDC interoperability, and…

The Economic Times

GFF 2026: India's fintech transformation a result of innovation, inclusion & trust coming together, says RBI's Sanjay Malhotra

Malhotra said fintech’s potential could translate into meaningful impact only when innovation reached people who were not already well served by the financial system. At the same time, such innovation needed to remain firmly anchored in trust, he added.

The Economic Times

Retail inflation may cross 6 per cent in Oct-Nov before easing in Q4 FY27: Report

Retail inflation in India may briefly surpass 6 percent in late 2024. This rise is expected before easing to approximately 5 percent by early 2026. Improving food supply conditions and monsoon recovery will help contain inflation. The Reserve Bank of India awaits more inflation data before adjusting policy rates. Global…

The Economic Times

RBI's early FCNR(B) deposit scheme closure 'data-driven' or a policy U-turn? Governor Malhotra explains

RBI Governor Sanjay Malhotra defended the FCNR(B) deposit scheme's early closure. He stated the decision was data-driven and a prudent calibration. This move aims to attract $80 billion into India's economy. The central bank cited stronger than expected dollar inflows for the adjustment. The RBI remains committed to managing exchange…

The Economic Times

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RBI Governor Sanjay Malhotra flags inflation risks; says rate recalibration needs greater clarity, MPC Minutes show

RBI Governor Sanjay Malhotra said greater clarity on the inflation trajectory is needed before any recalibration of the policy rate, as the central bank remains alert to risks from food, fuel and input costs. The MPC retained the repo rate, with members favouring a wait-and-watch approach amid persistent uncertainties.

The Economic Times

India central bank head says AI can approve loans humans would have turned down, says the technology is, 'a capability to be responsibly harnessed and not merely as a risk to be contained'

India's central bank wants AI deciding who can get a loan, as long as no bank ever tells a customer "the model decided.

TechRadar

RBI turns upbeat as worst of Iran war shock recedes

India’s economy is showing resilience five months after the Iran war sparked fears of inflation and a downturn. Inflation remains within the RBI’s tolerance band, while vehicle sales, credit growth and GST receipts point to firm demand. Strong corporate balance sheets and festive-season spending are further bolstering optimism despite renewed…

The Economic Times

RBI invites public comments on draft rules to standardise how lenders set interest rates

The Reserve Bank of India has proposed new rules for loan interest rates. These directions aim to harmonize lending practices across various financial entities. Benchmark-linked lending and interest calculation methods will see stricter regulations. The proposed framework will take effect from April 1, 2027. Public consultation on these draft amendments…

The Economic Times

When will government issue plastic currency notes? Minister reveals this in Parliament

The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the Reserve Bank of India's governor following a recent policy meeting. The government has greenlit the RBI's proposal for field trials, with the procurement of these polymer banknotes currently underway. However, specific…

The Economic Times

Fed says too little, RBI is too predictable. Both may have a problem

The US Fed and RBI face opposite communication risks: Kevin Warsh’s reduced guidance leaves markets uncertain about how the Fed will react, while RBI’s predictable rate decisions risk convincing investors that hikes are unlikely, potentially making future policy changes more disruptive.

The Economic Times

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

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The Economic Times

Lok Sabha passes Bill enabling Centre to allow UPI charges, MDR on digital payments

The Lok Sabha approved amendments to the Payment and Settlement Systems Act. This change empowers the government to permit charges on digital payment transactions. Currently, UPI transactions remain free for users and merchants. Banks and payment firms seek sustainable revenue models for infrastructure. The government will decide which digital payment…

The Economic Times

Can Tata Sons stay unlisted? Here's what RBI Governor Sanjay Malhotra said

Tata Sons may face renewed pressure to list if the RBI classifies it as an upper-layer NBFC under revised principle-based norms. Governor Sanjay Malhotra said the new framework will simplify classification. With assets above the regulatory threshold, Tata Sons could be required to go public, reviving its long-running IPO debate.

The Economic Times

Plastic notes in India get a likely release date: Here's what RBI Governor said

Plastic currency notes may enter circulation at the start of next financial year. The Reserve Bank of India is targeting this rollout after completing field trials. These polymer notes will be introduced in ten and twenty rupee denominations. They are expected to be more durable and last significantly longer. Existing…

The Economic Times

Will FCNR (B) deposit scheme that's bringing billions of dollars to India end? RBI Governor says this

The Reserve Bank of India will continue its special FCNR(B) deposit scheme. This scheme has already attracted tens of billions of dollars into the country. Governor Sanjay Malhotra expressed satisfaction with the robust foreign exchange inflows. The central bank expects more funds to arrive in the coming weeks. There are…

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The Economic Times

Changes in EBLR & MCLR framework, interest rate charging mechanism and how reset dates are decided- RBI proposal

RBI MPC policy: The Reserve Bank of India plans to simplify loan interest rate rules for all regulated entities. This initiative aims to harmonize guidelines and address operational aspects of current lending rate benchmarks. The proposed changes will standardize market practices concerning interest charging and benchmark reset dates. These measures…

The Economic Times

RBI MPC Meeting 2026: Central bank flags a threat for Indian agriculture warming up in the Pacific

The RBI has flagged El Niño and an uneven southwest monsoon as key risks to agriculture, rural demand and the broader economy, despite cutting its FY27 inflation forecast to 5%. Governor Sanjay Malhotra said government measures, including climate-resilient crops, water conservation and adequate foodgrain stocks, should cushion the impact, though…

The Economic Times

Why RBI MPC left repo rates unchanged for fourth consecutive time in August policy

RBI Repo Rate: The Reserve Bank of India kept its benchmark repo rate steady at 5.25%. Policymakers cited rising food and fuel costs as the primary inflation drivers. Global geopolitical tensions and volatile oil prices pose significant risks. Domestic economic growth remains resilient despite external headwinds. The central bank awaits…

The Economic Times

RBI's rate, GDP and inflation verdicts also come with some stark warnings

2026 RBI MPC Meeting: The Reserve Bank of India maintained its repo rate at 5.25 percent on Wednesday. This decision marks the fourth consecutive meeting without a change in the key interest rate. The central bank cited sticky inflation and geopolitical risks as reasons for its cautious approach. Global economic…

The Economic Times

RBI to resume urban cooperative banks' licensing after 22-year pause, review rural bank rules

The Reserve Bank of India will resume urban cooperative bank licensing after a 22-year pause. A comprehensive review of credit monitoring for rural cooperative banks is also planned. The central bank proposed standardizing lending rate frameworks for greater transparency. These announcements followed the decision to keep the policy repo rate…

The Economic Times

RBI MPC meeting August 2026 highlights: Repo rate decision, inflation outlook & GDP forecast; key takeaways from Governor Sanjay Malhotra's speech

RBI MPC meeting August 2026 highlights: The Reserve Bank of India has decided to keep the repo rate steady at 5.25 percent, reflecting a cautious approach amid global instability and persistent inflation pressures. Despite these challenges, the domestic economy demonstrates resilience, with a projected GDP growth of 6.7 percent for…

The Economic Times

RBI GDP Growth 2026-27: Malhotra & Co lift FY27 GDP forecast to 6.7% from 6.6% on growth resilience

RBI GDP Growth 2026: The Reserve Bank of India raised its FY27 GDP growth forecast to 6.7 percent. It kept the policy repo rate unchanged at 5.25 percent. The central bank cited resilient domestic economic activity and a better first quarter. Inflation risks from higher oil prices and weather shocks…

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