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The Latest Breaking News from the Reserve Bank of India

RBI flags rising fuel-price pressures amid West Asia war, says crude is easing as Hormuz fears recede

The Reserve Bank of India has highlighted rising fuel prices and a dip in consumer confidence due to West Asian conflict, despite a recent drop in crude oil costs. While inflation edged up in May, driven by broad-based price increases, the Indian economy remains resilient with sustained activity. However, manufacturing…

The Economic Times

MSMEs are India's entrepreneurship nursery, RBI to continue strong support: Governor Malhotra

Emphasising the Reserve Bank of India (RBI) continued committment to the MSME sector, RBI Governor Sanjay Malhotra on Sunday described Micro, Small and Medium Enterprises (MSMEs) as India's "entrepreneurship nursery" and said the central bank will continue to extend strong support to the segment.

The Economic Times

RBI overhauls Lead Bank Scheme after review, issues new guidelines

The Reserve Bank of India has revamped the Lead Bank Scheme to boost district-level credit planning and financial inclusion. New guidelines, released on June 19, aim to enhance credit flow to priority sectors and improve access to financial services. A three-tier committee structure has been introduced to strengthen coordination between…

The Economic Times

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RBI expected to hold repo at 5.25% as uncertainty eases, will watch food and fuel pass-through: BofA Securities

The Reserve Bank of India is expected to maintain its wait-and-watch stance and keep the repo rate at 5.25 per cent in coming meetings as the US-Iran peace agreement reduces geopolitical uncertainty, while it monitors food and fuel price pass-through before acting, BofA Securities said in a note on the…

The Economic Times

RBI looks to revive NRI deposit growth through FCNR(B) route, NRO accounts grow fastest: Bank of Baroda report

The Reserve Bank of India's latest measures to attract foreign currency deposits could help revive NRI inflows after growth stalled in FY26, while a parallel shift is underway within the deposit base as NRO accounts emerge as the fastest-growing segment, according to a Bank of Baroda research report.

The Economic Times

India’s forex reserves fall $9.99 billion to $671.63 billion as of June 12

India's foreign exchange reserves saw a dip of nearly $10 billion to $671.63 billion in the week ending June 12, 2026. This decline was primarily driven by a significant drop in gold reserves, despite a rise in foreign currency assets. The nation still holds a substantial forex buffer, crucial for…

The Economic Times

India short-bond rally faces risks from cash drain, analysts Say

BofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as surplus banking liquidity is seen climbing to pandemic-era levels of about 8 trillion rupees ($85 billion). DBS Bank Ltd. expects the central bank to deploy a stronger…

The Economic Times

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HDFC Bank extends Keki Mistry's interim chairman tenure by three months

HDFC Bank announced a three-month extension for Keki Mistry as interim part-time chairman. The Reserve Bank of India approved this extension until September 18, 2026. This decision comes after the previous chairman's resignation. Mistry continues in his role, ensuring continuity at the bank.

The Economic Times

RBI not in favour of offshore settlement for sovereign bonds: Report

India's central bank, the RBI, is opting against direct settlement of government securities via offshore platforms like Euroclear. Instead, it prefers overseas investors to trade directly on the domestic NDS-OM platform. This move aims to consolidate liquidity and enhance price discovery, despite recent tax incentives designed to attract foreign capital.

The Economic Times

RBI not in favour of offshore settlement for government securities, sources say

The RBI is steering clear of offshore settlement for government securities, preferring foreign investors to trade directly on the domestic NDS-OM platform. Despite recent tax incentives, the RBI aims to consolidate liquidity locally for better price discovery and ease of trading, ensuring a unified market.

The Economic Times

FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: ED

A foreign exchange violation case against Apollo Hospitals and five directors has been terminated. The Reserve Bank of India issued a compounding order. Apollo Hospitals Enterprises Limited made a one-time payment of over Rs 17.76 crore. The executives also paid Rs 18 lakh each. This settlement resolves alleged contraventions totalling…

The Economic Times

How NRIs, OCIs may benefit as RBI allows banks to offer higher interest rates on certain FCNRs, NREs

The Reserve Bank of India has temporarily lifted interest rate restrictions on certain NRE and FCNR(B) deposits until September 30, 2026. This move aims to attract foreign currency inflows by allowing banks to offer higher rates on these deposits, benefiting Non-Resident Indians planning to open or renew them.

The Economic Times

RBI temporarily eases FCNR(B), NRE deposit rate norms to attract overseas funds

The Reserve Bank of India has eased interest rate rules for overseas deposits. This allows banks to offer better returns on FCNR(B) and NRE accounts. The changes aim to attract more foreign funds until September 2026. This move could boost foreign exchange inflows. It will help strengthen the banking system…

The Economic Times

Cooling crude may ease inflation heat, give RBI room to stay on pause despite WPI surge: YES Bank

India's wholesale inflation is high, driven by fuel and manufacturing costs. However, falling global crude oil prices and a stable rupee offer potential relief. This could allow the Reserve Bank of India to postpone interest rate increases. The central bank is monitoring weather-related food inflation risks. A new Producer Price…

The Economic Times

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The Economic Times

SGB delivers 219% return on premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 3.19 lakh

The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bonds 2020-21 Series-III. Investors can redeem these bonds from June 16, 2026. The redemption price is fixed at Rs 14,774 per unit. This offers a substantial return of 219% on the initial investment. Sovereign Gold Bonds…

The Economic Times

RBI eases investment rules for NRIs, OCIs; permits designated repatriable rupee accounts

The Reserve Bank of India has updated investment rules for Non-Resident Indians and Overseas Citizens of India. Individuals residing outside India can now maintain designated repatriable rupee accounts for investments.

The Economic Times

Oil retreat hands RBI an assist in boosting rupee's near-term outlook

A U.S.-Iran peace deal has led to a slump in oil prices, bolstering the Indian rupee. This, combined with the Reserve Bank of India's measures to attract foreign inflows, is expected to support the currency's near-term trajectory. Analysts anticipate the rupee to appreciate as import bills decrease and investor confidence…

The Economic Times

RBI plans simpler cross-border payment approvals to boost MSMEs, exporters: EY report

The Reserve Bank of India (RBI) is looking to simplify cross-border payment approvals and reduce regulatory friction for businesses and exporters as part of its Payments Vision 2028, according to an EY report, which identified cross-border payments as a key strategic priority for the next phase of India's digital payments…

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The Economic Times

Inflation in June quarter likely to undershoot RBI forecast, rate hike probability drops ahead of monsoon risks

India's inflation is giving the Reserve Bank of India room to hold interest rates through the first quarter of fiscal year 2027. However, risks from food and fuel prices could change this outlook later in the year. The central bank will closely watch economic data before making any decisions on…

The Economic Times

RBI imposes restrictions on Mogaveera Co-operative Bank for 6 months

The restrictions are effective from the closure of business hours on Friday for a period of six months and are subject to review, the Reserve Bank of India (RBI) said in a statement.

The Economic Times

Top Indian state lenders eye first dollar bonds since RBI subsidy, sources say

State Bank of India and Bank of Baroda are stepping into uncharted territory as the inaugural users of the Reserve Bank of India's fresh subsidised hedging mechanism. Their target? A substantial one billion dollars through a series of five-year dollar bonds, a strategy aimed at slashing overseas borrowing expenses.

The Economic Times

India bonds end higher as oil eases; focus shifts to debt sale, inflation

Thursday marked a positive performance for Indian government bonds, buoyed by falling oil prices that alleviated fears tied to the U.S.-Iran crisis. The Reserve Bank of India took decisive action to lure foreign investors and stabilize the rupee, creating a favorable atmosphere for bond trading. Investors are looking ahead to…

The Economic Times

378% return on SGB premature redemption date: This gold bond has turned Rs 1 lakh investment into Rs 4.78 lakh

The Reserve Bank of India has set the premature redemption price for Sovereign Gold Bond 2019-20 Series-I. Investors can redeem these bonds from June 11, 2026. The redemption price is fixed at Rs 15,038 per unit. This offers investors a significant return of approximately 378% on their initial investment.

The Economic Times

Canara Bank, Bank of Baroda increase lending rates: Why loan EMIs for these borrowers may rise

Bank of Baroda and Canara Bank have raised their lending rates. These changes are effective from June 12, 2026. Loans linked to these rates will become more expensive. This follows the Reserve Bank of India's decision to maintain the repo rate. HDFC Bank also adjusted its MCLR rates recently.

The Economic Times

RBI cancels registration certificates of 135 NBFCs

The Reserve Bank of India has cancelled the registration of 135 non-banking finance companies. Thirteen other companies have surrendered their licenses. These actions are due to various reasons including exiting the business or ceasing to be legal entities. Many of the cancelled companies were based in West Bengal. This move…

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