MPC minutes: RBI governor Malhotra sees scope for policy rate recalibration

Mumbai, Aug. 19 -- Reserve Bank of India governor Sanjay Malhotra said that the moderation in inflation could warrant a recalibration of the policy rate, the minutes of the August policy meeting, rele... Read More

RBI's rate-setting panel hints at future policy tightening if inflation persists

Mumbai, Aug. 19 -- The Reserve Bank of India (RBI) held its policy rate steady even as retail inflation has risen steadily in recent months, with governor Sanjay Malhotra signalling that the central b... Read More

Despite digital surge, cash remains India's crucial payment mode: RBI's Murmu

Mumbai, Aug. 18 -- Despite the rapid adoption of digital payments, cash remains a significant mode of payment in the Indian economy, and preserving trust in cash is central to maintaining monetary sov... Read More

RBI's early closure of FCNR deposit window sends banks, NRI investors scrambling

MUMBAI, Aug. 18 -- The Reserve Bank of India's decision to advance the closure of its foreign currency non-resident bank or FCNR (B) deposit window has surprised banks and market participants, especia... Read More

Private banks outshine PSU peers on profit, deposits and asset quality

Mumbai, Aug. 17 -- India's private-sector banks outperformed their public-sector peers in the June quarter, with higher aggregate profits, faster deposit growth and overall better asset quality, a com... Read More

Dollar deluge prompts RBI to shut special FCNR scheme early; $52 bn raised so far

Mumbai, Aug. 14 -- The Reserve Bank of India (RBI) will close its special foreign currency non-resident bank or FCNR(B) deposit facility a month earlier than planned after the scheme attracted $52.3 b... Read More

PSU non-banks go slow on offshore borrowing as cost edge shrinks

Mumbai, Aug. 13 -- The Reserve Bank of India's (RBI's) concessional hedging window was expected to make overseas borrowing an attractive option for public sector companies. Seventy days on, the advant... Read More

NaBFID plans up to $4 billion in overseas borrowing under RBI hedging window

New Delhi, Aug. 12 -- The National Bank for Financing Infrastructure and Development (NaBFID) plans to raise $3-4 billion through external commercial borrowings (ECBs), following a Reserve Bank of Ind... Read More

SBI uses AI to underwrite nearly Rs.1 trillion of MSME loans in FY26

New Delhi, Aug. 12 -- State Bank of India (SBI) used artificial intelligence (AI) and digital data to underwrite nearly Rs.1 trillion of loans of up to Rs.5 crore each to medium, small and micro enter... Read More

Global tensions, cyber threats key risks: RBI guv

mumbai, Aug. 12 -- Growing geopolitical and trade-related uncertainties, along with cyber threats, are the two key risks facing the Indian economy and banking sector, Reserve Bank of India (RBI) gover... Read More

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