The Reserve Bank of India fined IndusInd Bank for violating deposit interest rate rules. The bank faced a ...More

The Reserve Bank of India fined IndusInd Bank for violating deposit interest rate rules. The bank faced a regulatory inspection. IndusInd Bank's shares have dropped 42% this year. The bank's recent quarter saw profit decline. Analysts predict improvement in coming quarters. Anand Rathi forecasts growth and sets a target price of Rs 1,496. ...Less

The Reserve Bank of India (RBI) is launching a new interest rate benchmark, the Secured Overnight Rupee R ...More

The Reserve Bank of India (RBI) is launching a new interest rate benchmark, the Secured Overnight Rupee Rate (SORR), to better reflect money market conditions. SORR will be based on secured transactions, offering a more robust and representative rate than the current call money market rate. ...Less

As Sanjay Malhotra, a Finance Ministry insider, takes over as RBI Governor, market experts suggest that t ...More

As Sanjay Malhotra, a Finance Ministry insider, takes over as RBI Governor, market experts suggest that the government's preference for bureaucrats over technocrats at the central bank's helm signals a closer alignment with its policies. Nomura's Sonal Varma noted that while initial alignment with government thinking is expected, it may shift towards the RBI's institutional approach over time. ...Less

Market reactions were swift, with the 10-year bond yield rising 5 basis points, signaling caution among f ...More

Market reactions were swift, with the 10-year bond yield rising 5 basis points, signaling caution among fixed-income investors over tight liquidity and inflation. Equity markets may see sectoral shifts, with rate-sensitive sectors like banking and real estate facing headwinds, while IT and large-cap defensives gain interest amid global uncertainty. ...Less

UCO Bank led PSU banks, rising 2.8% to Rs 51.10, followed by Canara Bank up 2.4% at Rs 110.75, and Bank o ...More

UCO Bank led PSU banks, rising 2.8% to Rs 51.10, followed by Canara Bank up 2.4% at Rs 110.75, and Bank of Baroda gaining 2% to Rs 264.95. SBI rose 1.2% to Rs 875.50 post-RBI's policy decision. Among private banks, Axis Bank gained 2% to Rs 1,189.4, while ICICI Bank was up 1% at Rs 1,347. ...Less

RBI’s current policy approach faces a dilemma between cutting rates to boost the economy or maintaining t ...More

RBI’s current policy approach faces a dilemma between cutting rates to boost the economy or maintaining them to control inflation. While India's growth remains strong at 7.2% for FY23, recent GDP deceleration and inflation present challenges, necessitating a careful balancing act by the central bank. ...Less

The Reserve Bank of India (RBI) lifted business restrictions on ECL Finance and Edelweiss Asset Reconstru ...More

The Reserve Bank of India (RBI) lifted business restrictions on ECL Finance and Edelweiss Asset Reconstruction Company. The RBI had imposed curbs in May due to supervisory concerns, but the companies implemented remedial measures. Edelweiss Financial Services shares surged 7.8% following the announcement, closing at Rs 138.8 on the BSE. ...Less

Reserve Bank of India (RBI) data showed liquidity in the banking system was at a large deficit of ?1.1 la ...More

Reserve Bank of India (RBI) data showed liquidity in the banking system was at a large deficit of ?1.1 lakh crore on December 16 due to quarterly advance tax outflows. Liquidity in the system was also drained on RBI interventions in the foreign exchange market, as it was seen selling dollars to stem a sharp fall in the rupee. ...Less

The "December Effect" refers to the tendency of the Indian stock market to perform well in December. This ...More

The "December Effect" refers to the tendency of the Indian stock market to perform well in December. This is driven by portfolio rebalancing, festive spending, FII inflows, and economic recovery cycles. However, it's important to remember that past performance is not indicative of future results. ...Less

Individual lenders have approached the central bank to ease the proposed LCR guidelines that require them ...More

Individual lenders have approached the central bank to ease the proposed LCR guidelines that require them to mandatorily invest a sum equal to their 30-day outflows in high quality liquid assets (HQLAs), like government securities, to avoid a collapse like the Silicon Valley Bank. ...Less

The Reserve Bank of India is expected to address slowing economic growth, which recently hit a seven-quar ...More

The Reserve Bank of India is expected to address slowing economic growth, which recently hit a seven-quarter low of 5.4%. While holding steady interest rates is anticipated, some predict a rate cut. Inflation, however, poses a challenge, potentially leading to a cash reserve ratio cut instead, injecting liquidity into the market. ...Less

The Reserve Bank of India (RBI) lowered the cash reserve ratio (CRR) by 50 basis points in two phases, in ...More

The Reserve Bank of India (RBI) lowered the cash reserve ratio (CRR) by 50 basis points in two phases, injecting ?1.16 lakh crore into the banking system. This move is expected to boost lending capacity and improve banks' profitability, although some analysts predict margin pressures and asset quality challenges may persist. ...Less

The Reserve Bank of India (RBI) slashed the Cash Reserve Ratio (CRR) by 50 basis points to 4%, injecting ...More

The Reserve Bank of India (RBI) slashed the Cash Reserve Ratio (CRR) by 50 basis points to 4%, injecting ?1.16 lakh crore into the banking system. This move, announced by Governor Shaktikanta Das, reverses the tightening cycle initiated in April 2022. While the repo rate remained at 6.5%, the RBI lowered its FY25 GDP growth forecast to 6. ...Less

Indian markets opened lower but rebounded on Friday, driven by banking stocks after the RBI cut the CRR b ...More

Indian markets opened lower but rebounded on Friday, driven by banking stocks after the RBI cut the CRR by 50 basis points to 4%, leaving the repo rate unchanged at 6.5%. Foreign investors turned buyers, boosting sentiment. Asian markets slipped, while oil prices dipped. The rupee strengthened against the dollar. ...Less

Canara Bank share price: Canara Bank's shares saw a 2% surge after RBI greenlit its IPO plans for Canara ...More

Canara Bank share price: Canara Bank's shares saw a 2% surge after RBI greenlit its IPO plans for Canara Robeco Asset Management Company and Canara HSBC Life Insurance Company. The bank aims to reduce its stakes by 13% and 14.5%, respectively, adhering to the RBI's 30% ownership deadline by 2029. The bank's Q2 profits also rose by 11% to Rs 4,015 crore. ...Less

India's Q2 real GDP growth slowed to 5.4%, the weakest in seven quarters, creating a dilemma for the Rese ...More

India's Q2 real GDP growth slowed to 5.4%, the weakest in seven quarters, creating a dilemma for the Reserve Bank of India (RBI). As the Monetary Policy Committee (MPC) meets from December 4-6, it may shift focus from inflation management to supporting growth. Experts suggest RBI Governor Shaktikanta Das may cut the cash reserve ratio (CRR) before reducing interest rates in February. ...Less

Markets experienced volatility following Trump's election win and Republican control of Congress. While t ...More

Markets experienced volatility following Trump's election win and Republican control of Congress. While the US economy remains resilient, Trump's policies pose inflationary risks, influencing Fed decisions on rate cuts. Global economic divergence, particularly between a strong US dollar and weaker BRICS currencies, adds to market complexity. ...Less

A cut in cash reserve ratio (CRR) by 50 bps to 4%, effective from December 14 in two phases, will infuse ...More

A cut in cash reserve ratio (CRR) by 50 bps to 4%, effective from December 14 in two phases, will infuse Rs 1.16 lakh crore into the banking system. ...Less

RBI introduces SORR as the new interest rate benchmark, replacing MIBOR. SORR will be based on secured mo ...More

RBI introduces SORR as the new interest rate benchmark, replacing MIBOR. SORR will be based on secured money markets (basket repo and TREP). This move aligns with global trends and the increasing importance of collateralised markets. ...Less

??Both Patel and Das, to be sure, had assumed office only after the RBI adopted flexible inflation target ...More

??Both Patel and Das, to be sure, had assumed office only after the RBI adopted flexible inflation targeting with a midpoint goal as its formal monetary policy objective. Raghuram Rajan, who preceded Patel, had raised rates in his first policy action after taking over as he had to deal with a weak external sector and drying capital inflows, among others. ...Less

Sensex and Nifty movements this week will be influenced by several factors, including weak Q2 GDP data, a ...More

Sensex and Nifty movements this week will be influenced by several factors, including weak Q2 GDP data, auto sales figures, FII selling trends, and the upcoming RBI meeting. Other key considerations include technical analysis, geopolitical tensions, global economic data points, and crude oil prices. Analysts expect market sideways movements for the next 6-12 months. ...Less

The Reserve Bank of India (RBI) has conditionally approved the Burman family's open offer to acquire an a ...More

The Reserve Bank of India (RBI) has conditionally approved the Burman family's open offer to acquire an additional 26% stake in Religare Enterprises, boosting their ownership to over 56%. This follows CCI's approval earlier this year and the family's initial stake purchase in 2018. Religare's shares surged on the news, hitting a 52-week high. ...Less

Mumbai's stock exchanges, BSE and NSE, have issued warning letters to Religare Enterprises for delaying t ...More

Mumbai's stock exchanges, BSE and NSE, have issued warning letters to Religare Enterprises for delaying the disclosure of the RBI's rejection of Rakesh Asthana's board appointment. The exchanges criticized REL for non-compliance with SEBI regulations and advised immediate corrective actions to prevent recurrence of such lapses. ...Less

The investment bank has also scaled down the GDP forecast for FY25 to 6%, below the consensus of 6.9% for ...More

The investment bank has also scaled down the GDP forecast for FY25 to 6%, below the consensus of 6.9% for the fiscal year and the Reserve Bank of India's forecast of 7.2% made in its October policy review. ...Less

Around 11 stocks, including Om Infra, AGI Greenpac, HEG, Borosil Renewables, Axiscades Tech, and Jindal W ...More

Around 11 stocks, including Om Infra, AGI Greenpac, HEG, Borosil Renewables, Axiscades Tech, and Jindal Worldwide, have posted returns between 20-30% this week. In the midcap sector, nine stocks, such as IGL, PB Fintech, and UCO Bank Energy, have seen double-digit gains. IGL has increased by 17%, while PB Fintech and UCO Bank have risen by 13% and 12%, respectively. ...Less

The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 50 basis points to infuse ?1.16 lakh ...More

The Reserve Bank of India (RBI) cut the cash reserve ratio (CRR) by 50 basis points to infuse ?1.16 lakh crore into the banking system. This move aims to ease liquidity, potentially boosting bank profitability by up to 5 basis points by cooling off bulk deposit rates. ...Less

Indian benchmark indices broke their five-session winning streak on Friday, in a highly volatile trading ...More

Indian benchmark indices broke their five-session winning streak on Friday, in a highly volatile trading session after the Reserve Bank of India (RBI) slashed the cash reserve ratio (CRR) by 50 basis points to ease liquidity conditions, but kept interest rates unchanged while cutting the GDP growth projection. ...Less

The recent correction in the Indian market presents a potential buying opportunity for long-term investor ...More

The recent correction in the Indian market presents a potential buying opportunity for long-term investors. While the market has corrected 11%, India's strong fundamentals, sectoral bright spots, and improved valuations make it an attractive investment destination. Historically, corrections have led to strong returns in the long term. ...Less

RBI Governor Shaktikanta Das on Friday reduced the cash reserve ratio (CRR) to 4% in two phases, aiming t ...More

RBI Governor Shaktikanta Das on Friday reduced the cash reserve ratio (CRR) to 4% in two phases, aiming to address liquidity deficits caused by rupee depreciation and capital outflows. While there was no rate cut, the CRR reduction sparked a 2% rally in bank stocks, particularly benefiting low-float PSU banks, as it boosts lending and supports net interest margins (NIMs). ...Less

The NSE Nifty rose 240.95 points or 0.98% to close at 24,708.4. The BSE Sensex rose 809.53 points or 1% t ...More

The NSE Nifty rose 240.95 points or 0.98% to close at 24,708.4. The BSE Sensex rose 809.53 points or 1% to end at 81,765.86. Both indices have moved up 3.3-3.4% in the past five trading days. ...Less

Banking regulator Reserve Bank of India (RBI) has given its nod to Canara Bank to divest its shareholding ...More

Banking regulator Reserve Bank of India (RBI) has given its nod to Canara Bank to divest its shareholding in Canara Robeco Asset Management Company Ltd and Canara HSBC Life Insurance Company by 13% and 14.5% respectively through Initial Public Offer (IPO). ...Less

Indian 10-year bond yields dropped by 10 basis points after weaker-than-expected GDP growth data last wee ...More

Indian 10-year bond yields dropped by 10 basis points after weaker-than-expected GDP growth data last week, raising market expectations that the Reserve Bank of India (RBI) may adopt a more accommodative stance in its upcoming monetary policy decision on Friday. ...Less

UCO Bank Share Price: Shares of PSU banks, including UCO Bank and Central Bank of India, rose up to 8% on ...More

UCO Bank Share Price: Shares of PSU banks, including UCO Bank and Central Bank of India, rose up to 8% on Wednesday as the RBI's rate-setting panel meeting began. Brokerages anticipate a potential cut in the cash reserve ratio (CRR), with Citi highlighting that a 50 basis point reduction would benefit PSU banks like PNB, SBI, and Bank of Baroda. ...Less

Mumbai stock markets could see relief in December as foreign selling may subside. Analysts keep caution d ...More

Mumbai stock markets could see relief in December as foreign selling may subside. Analysts keep caution due to ongoing economic uncertainty and inflation worries. Domestic investors continue purchasing, offering some market support. The Reserve Bank considers measures to boost growth while maintaining inflation control. Agriculture growth and a good monsoon may help manage food prices. ...Less

Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be ...More

Currently, an investment made by foreign portfolio investor along with its investor group (FPI) should be less than 10 per cent of the total paid-up equity capital on a fully diluted basis. ...Less

Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclass ...More

Any FPI investing in breach of the prescribed limit has the option of divesting their holdings or reclassifying such holdings as FDI subject to the conditions specified by the RBI and Sebi within five trading days from the date of settlement of the trades causing the breach. ...Less

India's Q2FY25 GDP growth slowed to 5.4%, lower than expected. This highlights the unpredictability of fu ...More

India's Q2FY25 GDP growth slowed to 5.4%, lower than expected. This highlights the unpredictability of future events, even for experts. Investors should be cautious of trend extensions and avoid blindly following predictions. Instead, focus on fundamental analysis and continuous updates of forecasts. Remember, all returns are made in the future, and making accurate forecasts is key to successful investing. ...Less

The kitty had dropped a record USD 17.761 billion to USD 657.892 billion in the previous reporting week e ...More

The kitty had dropped a record USD 17.761 billion to USD 657.892 billion in the previous reporting week ending November 15. ...Less

InCred Equities cut Nifty50 target to 25,327, expecting a correction phase. The brokerage upgraded its st ...More

InCred Equities cut Nifty50 target to 25,327, expecting a correction phase. The brokerage upgraded its stance on pharma stocks like Cipla, Ipca, and Alkem Laboratories. The IT, capital goods, and pharma sectors outperformed during the recent correction. The overall market sentiment remains cautious due to weak macroeconomic conditions and potential EPS downgrades. ...Less

Indian markets are optimistic following the US election, anticipating pro-growth policies under President ...More

Indian markets are optimistic following the US election, anticipating pro-growth policies under President Trump. Technological advancements, particularly in AI, are expected to benefit India. A market correction driven by foreign investors presents opportunities for discerning domestic investors, especially in mid and small-cap stocks experiencing strong growth. ...Less

Sanjay Malhotra, a 1990-batch IAS officer, has been appointed as the 26th RBI Governor. He will succeed S ...More

Sanjay Malhotra, a 1990-batch IAS officer, has been appointed as the 26th RBI Governor. He will succeed Shaktikanta Das on December 11, 2024, for a three-year term. Malhotra currently serves as Revenue Secretary and previously held the Financial Services Secretary position. The appointment comes as the RBI addresses inflation and economic slowdown. ...Less

The Indian market ended in green on Wednesday after a three-session winning streak, lifted by gains in ba ...More

The Indian market ended in green on Wednesday after a three-session winning streak, lifted by gains in banking stocks on growing expectations of a cut in cash reserve ratio (CRR) by the Reserve Bank of India (RBI) later in the week. ...Less

The Reserve Bank of India (RBI) may delay its rate cut cycle to April 2025 due to the Federal Reserve's h ...More

The Reserve Bank of India (RBI) may delay its rate cut cycle to April 2025 due to the Federal Reserve's hawkish stance, as per Yes Bank's report. The Fed's slower monetary easing, stronger USD, and rising US Treasury yields have created challenges for emerging markets. This delay could prolong higher borrowing costs, impacting India's economic growth. ...Less

India's benchmark interest rate, held steady at 6.5% since late 2018, remains unchanged as inflation cont ...More

India's benchmark interest rate, held steady at 6.5% since late 2018, remains unchanged as inflation control remains a key focus. Despite a 5.4% GDP growth slump in Q2 2024, the RBI prioritizes disinflation efforts, citing persistent food price pressures and supply-side challenges. ...Less

The Reserve Bank of India (RBI) maintained its repo rate at 6.50% while acknowledging softening food infl ...More

The Reserve Bank of India (RBI) maintained its repo rate at 6.50% while acknowledging softening food inflation. However, the MPC minutes cautioned about upside risks from weather and global commodity prices. The RBI emphasized its commitment to controlling inflation amidst global economic stability but with persistent geopolitical uncertainties. ...Less

Das steered India's economy through challenging times, including the Covid pandemic and global conflicts. ...More

Das steered India's economy through challenging times, including the Covid pandemic and global conflicts. Das prioritised financial stability and a 4% inflation target, leaving India as the fastest-growing economy with robust foreign exchange reserves. His successor is Sanjay Malhotra. ...Less

"It is disheartening to see the nature of some of the complaints and the observations in our inspection r ...More

"It is disheartening to see the nature of some of the complaints and the observations in our inspection reports," Das said. "There are instances where complaints are misclassified as customer queries. We also come across instances of rejected grievances not being escalated to the internal ombudsman of banks. I would like to urge the boards and their customer service committees to closely look into these aspects to ensure that banks have a genuine commitment to customer centricity." ...Less

Facing tighter regulations on unsecured lending, digital lenders in India are shifting towards secured op ...More

Facing tighter regulations on unsecured lending, digital lenders in India are shifting towards secured options like property and business loans. This transition involves increased physical verification and collateral checks, prompting some lenders to adopt 'feet-on-the-street' approaches and explore physical branches. ...Less

With a new governor at the helm, the RBI's monetary policy is expected to remain steady. While there's po ...More

With a new governor at the helm, the RBI's monetary policy is expected to remain steady. While there's potential for interest rate cuts if the economic slowdown continues and food inflation eases, these cuts are likely to be limited. Disinflation poses a significant challenge, and liquidity management will play a crucial role in policy decisions. ...Less

These instruments-marketed to financial institutions, private equity houses, corporate treasuries, retail ...More

These instruments-marketed to financial institutions, private equity houses, corporate treasuries, retail investors as well as fund houses and portfolio management firms-don't come under Sebi's regulatory domain, which is primary regulator for credit rating agencies. ...Less

In a rare instance, the Reserve Bank of India (RBI) made certain adverse observations against Pandey, and ...More

In a rare instance, the Reserve Bank of India (RBI) made certain adverse observations against Pandey, and it wanted the Department of Financial Services (DFS) to "factor" them in while considering his appointment as CEO, ET reported July 13. The RBI's observations had to do with Pandey's "conduct" and were not related to any vigilance case. ...Less

The Reserve Bank of India's central board, led by new Governor Sanjay Malhotra, convened to assess the gl ...More

The Reserve Bank of India's central board, led by new Governor Sanjay Malhotra, convened to assess the global and domestic economic landscape. The board acknowledged Shaktikanta Das's contributions during his six-year tenure as governor. Discussions encompassed economic outlooks and the progress of banking in India. ...Less

RBI kept the key rate unchanged at 6.5%. Debt funds benefit from this, while equity funds may see a boost ...More

RBI kept the key rate unchanged at 6.5%. Debt funds benefit from this, while equity funds may see a boost in 6-8 months due to increased liquidity. Rate cuts are expected in February, potentially benefiting moderate duration debt funds. ...Less

RBI Governor Shaktikanta Das expressed confidence in improved growth during the latter half of the fiscal ...More

RBI Governor Shaktikanta Das expressed confidence in improved growth during the latter half of the fiscal year, despite lowering the FY25 projection to 6.6%. This follows a 5.4% GDP growth in the second quarter, the lowest in seven quarters. Improved agricultural output and industrial recovery are expected to drive growth. Das emphasized the commitment to controlling inflation for sustainable growth. ...Less

The Reserve Bank of India commends states for fiscal deficit reduction but urges adherence to the 'golden ...More

The Reserve Bank of India commends states for fiscal deficit reduction but urges adherence to the 'golden rule' of financing current expenditure with current revenue. The RBI also criticizes excessive subsidies and cash transfers, advocating for rationalization and outcome-based budgeting for better resource allocation and developmental impact. ...Less

The Reserve Bank of India (RBI) lifted business restrictions on Edelweiss Group's NBFCs, ECL Finance and ...More

The Reserve Bank of India (RBI) lifted business restrictions on Edelweiss Group's NBFCs, ECL Finance and Edelweiss ARC. The RBI had imposed these restrictions in May due to alleged "evergreening of stressed assets" involving structured transactions and connected AIFs. The RBI expressed satisfaction with the remedial measures taken by both companies to address the concerns. ...Less

Donald Trump's victory as the 47th US president, coupled with Republican control of the Senate, signals p ...More

Donald Trump's victory as the 47th US president, coupled with Republican control of the Senate, signals potential economic shifts. Trump's policies are expected to strengthen the dollar, impact trade dynamics due to potential tariffs, and influence interest rate trajectories. While bond markets show nervousness, equities are expected to benefit, particularly sectors like oil, infrastructure, and manufacturing. ...Less

The Reserve Bank of India (RBI) received a bomb threat via email in Russian on Friday, which is now under ...More

The Reserve Bank of India (RBI) received a bomb threat via email in Russian on Friday, which is now under investigation by Mumbai police. A case has been filed at Mata Ramabai Marg (MRA Marg) police station against an unknown individual. Mumbai Police have confirmed that the investigation is ongoing. ...Less

The Reserve Bank of India (RBI) warns that populist measures like free electricity and transport, while o ...More

The Reserve Bank of India (RBI) warns that populist measures like free electricity and transport, while offering immediate relief, are straining state finances. These schemes hinder investment in crucial infrastructure, impacting long-term economic stability. High debt levels and growing subsidy burdens exacerbate the problem, with some states spending ten times more on operational costs than development, limiting future growth potential. ...Less

The Reserve Bank of India (RBI) has fined IndusInd Bank Rs 27.30 lakh for violating deposit interest rate ...More

The Reserve Bank of India (RBI) has fined IndusInd Bank Rs 27.30 lakh for violating deposit interest rate regulations. An inspection revealed savings accounts opened for ineligible entities. The RBI clarified the penalty addresses compliance issues and doesn't invalidate the bank's customer transactions. ...Less

RBI Governor Shaktikanta Das emphasized balancing growth and inflation as his primary goal. He highlighte ...More

RBI Governor Shaktikanta Das emphasized balancing growth and inflation as his primary goal. He highlighted the strong rapport between the RBI and the government. Das concluded his term, handing over the reins to Sanjay Malhotra. India's inflation reached a 14-month high, prompting discussions of potential policy rate cuts. ...Less

Sanjay Malhotra, a 1990-batch IAS officer, has been appointed as the next RBI governor for a three-year t ...More

Sanjay Malhotra, a 1990-batch IAS officer, has been appointed as the next RBI governor for a three-year term, succeeding Shaktikanta Das. He takes charge amid high inflation and slowing growth, facing the challenge of balancing economic recovery with price stability. Malhotra, currently revenue secretary, has a strong background in taxation reforms and financial services. ...Less

New RBI Governor: Sanjay Malhotra, a seasoned bureaucrat, has been appointed as the 26th RBI Governor, su ...More

New RBI Governor: Sanjay Malhotra, a seasoned bureaucrat, has been appointed as the 26th RBI Governor, succeeding Shaktikanta Das. Malhotra, a 1990-batch IAS officer, will begin his three-year term on December 11, 2024. His appointment comes as the RBI faces challenges like inflation and slowing economic growth. Das's tenure, exceeding the typical five years, concludes on Tuesday. ...Less

Digital lending NBFCs have requested the Reserve Bank of India to allow them to offer pre-approved credit ...More

Digital lending NBFCs have requested the Reserve Bank of India to allow them to offer pre-approved credit lines on the UPI platform. They argue this will broaden access to low-cost, short-term credit, particularly for those new to credit, aligning with the RBI's objectives. The RBI recently granted this permission to small finance banks. ...Less

The RBI indicated a shift to a neutral policy stance despite expectations of rate cuts. It emphasized dom ...More

The RBI indicated a shift to a neutral policy stance despite expectations of rate cuts. It emphasized domestic growth and inflation risks, citing weak real incomes and financial stability concerns in the BFSI sector. A potential rate cut needs slower retail lending and improved household savings. ...Less

The Reserve Bank of India (RBI) has raised the collateral-free loan limit for farmers from Rs 1.6 lakh to ...More

The Reserve Bank of India (RBI) has raised the collateral-free loan limit for farmers from Rs 1.6 lakh to Rs 2 lakh, effective January 1, 2025, to help small and marginal farmers manage rising input costs. The new policy waives collateral and margin requirements for loans up to Rs 2 lakh, benefiting over 86% of farmers. ...Less

The central government has appointed Sanjay Malhotra, the current Revenue Secretary, as the new Governor ...More

The central government has appointed Sanjay Malhotra, the current Revenue Secretary, as the new Governor of the Reserve Bank of India (RBI), replacing Shaktikanta Das, whose tenure ends on December 10. ...Less

In-Solutions Global (ISG), backed by JP-Morgan, has received full payment aggregator authorisation from t ...More

In-Solutions Global (ISG), backed by JP-Morgan, has received full payment aggregator authorisation from the Reserve Bank of India. This allows ISG, which already processes over 28 billion transactions annually for over 70% of Indian banks, to broaden its digital payment services, enhancing financial inclusion through faster and more secure transactions. ...Less

Sanjay Malhotra, a career civil servant and new central bank governor, replaces Shaktikanta Das. The 56-y ...More

Sanjay Malhotra, a career civil servant and new central bank governor, replaces Shaktikanta Das. The 56-year-old, a Princeton graduate, takes charge amid economic challenges like slowing growth and persistent inflation. His appointment is seen as promoting better coordination between fiscal and monetary policies. ...Less

The Reserve Bank of India (RBI) lifted business restrictions on ECL Finance Ltd and Edelweiss Asset Recon ...More

The Reserve Bank of India (RBI) lifted business restrictions on ECL Finance Ltd and Edelweiss Asset Reconstruction Company Limited. The RBI had imposed these curbs in May due to supervisory concerns, including restrictions on structured transactions and acquiring financial assets. The companies subsequently implemented remedial measures, satisfying the RBI and leading to the lifting of the restrictions. ...Less

RBI has expressed concerns over fintech companies' aggressive lending practices, particularly to first-ti ...More

RBI has expressed concerns over fintech companies' aggressive lending practices, particularly to first-time buyers of used vehicles. These practices, including excessive top-up loans, are increasing borrower vulnerability and impacting lender balance sheets. The regulator has warned against high loan-to-value ratios and has taken action against some lenders for non-compliance. ...Less

RBI MPC Repo Rate: The Reserve Bank of India’s Monetary Policy Committee (MPC) will announce its policy d ...More

RBI MPC Repo Rate: The Reserve Bank of India’s Monetary Policy Committee (MPC) will announce its policy decisions on December 6, 2024, following a three-day meeting. While no immediate rate cut is expected, concerns over faltering economic growth and high inflation are growing. Analysts predict a policy shift, with potential rate cuts and additional liquidity measures in the future, amid tight liquidity and a weakening rupee. ...Less

RBI policy date and time: The Reserve Bank of India's Monetary Policy Committee (MPC) will announce its b ...More

RBI policy date and time: The Reserve Bank of India's Monetary Policy Committee (MPC) will announce its bi-monthly policy decisions on December 6. Experts predict a potential focus on liquidity measures and a steady repo rate of 6.5%. The MPC will address slowing GDP growth and elevated inflation amidst diverse expert opinions on necessary policy adjustments. ...Less

RBI's new governor, Sanjay Malhotra, inherits a stable economy and a robust banking system. Unlike predec ...More

RBI's new governor, Sanjay Malhotra, inherits a stable economy and a robust banking system. Unlike predecessors, he faces no immediate crises but must address high real interest rates, potential overregulation of banks and the global rise of cryptocurrency in the Trump era. ...Less

Sanjay Malhotra, a seasoned bureaucrat and current Revenue Secretary, has been chosen to succeed Shaktika ...More

Sanjay Malhotra, a seasoned bureaucrat and current Revenue Secretary, has been chosen to succeed Shaktikanta Das as the 26th governor of Reserve Bank of India. Malhotra's appointment comes amid concerns about India's slowing economic growth, weakening currency, and persistent inflation. ...Less

RBI's new governor, Sanjay Malhotra, emphasized policy continuity, stability, and inclusivity. He acknowl ...More

RBI's new governor, Sanjay Malhotra, emphasized policy continuity, stability, and inclusivity. He acknowledged the need for dynamism amidst global challenges and reiterated the central bank's commitment to financial inclusion and leveraging technology for growth while mitigating risks. Malhotra stressed the importance of public consultation in policymaking. ...Less

This potential shift has raised concerns for some central banks in emerging markets across Asia, which mi ...More

This potential shift has raised concerns for some central banks in emerging markets across Asia, which might face challenges adjusting their policies in response to the stronger dollar. ...Less

RBI Repo Rate: The Reserve Bank of India held its benchmark repo rate steady at 6.5% for the eleventh con ...More

RBI Repo Rate: The Reserve Bank of India held its benchmark repo rate steady at 6.5% for the eleventh consecutive time, citing persistent inflation concerns despite slowing economic growth. The central bank acknowledged pressure to cut rates but prioritized controlling inflation, currently above its 4% target. The decision comes amid uncertainty over Governor Shaktikanta Das's future, whose term ends in December 2024. ...Less

After reaching a record high of 85,978 points on September 27, the Sensex declined for four straight week ...More

After reaching a record high of 85,978 points on September 27, the Sensex declined for four straight weeks before stabilizing during Diwali week. With two major events approaching—the US election and the Fed meeting—traders adopted a risk-off approach on Monday, causing the Sensex to drop nearly 1,500 points. Nifty also fell about 2% to 23,800, marking its lowest level since August 6. ...Less

LIC reported unclaimed maturity amounts of ?880.93 crore in FY24, slightly up from the previous year. The ...More

LIC reported unclaimed maturity amounts of ?880.93 crore in FY24, slightly up from the previous year. The government is employing various methods to reunite policyholders with their funds. Foreign Exchange Reserves dipped recently, while RBI cancelled the registration of thousands of NBFCs and ARCs. ...Less

Public offers should remain open for a minimum of three days and a maximum of 10 days, with advertisement ...More

Public offers should remain open for a minimum of three days and a maximum of 10 days, with advertisement requirements aligned with Sebi's regulations for non-convertible securities. ...Less

The new RBI governor must balance economic growth and inflation control while addressing climate risks. T ...More

The new RBI governor must balance economic growth and inflation control while addressing climate risks. This involves integrating climate considerations into financial policies, promoting green finance, and ensuring financial system stability. The RBI should also encourage more green loans and investments to support India's transition to a low-carbon economy. ...Less

Fitch Ratings on Monday affirmed IIFL Finance's ratings with a stable outlook, saying that after the lift ...More

Fitch Ratings on Monday affirmed IIFL Finance's ratings with a stable outlook, saying that after the lifting of the ban on new gold-backed lending imposed by the Reserve Bank of India (RBI), the firm's franchise will gradually stabilise. The RBI in September, had lifted regulatory restrictions it had imposed in March on IIFL Finance's gold-backed lending business. ...Less

RBI MPC Policy: The Reserve Bank of India maintained its key interest rate and stance while lowering the ...More

RBI MPC Policy: The Reserve Bank of India maintained its key interest rate and stance while lowering the cash reserve ratio to address liquidity issues and a challenging growth-inflation dynamic. The RBI lowered its GDP growth forecast for FY25 to 6.6% and raised its inflation projection to 4.8%, acknowledging economic headwinds while emphasizing India's overall stability and growth potential. ...Less

RBI kept the repo rate at 6.5%. The MPC noted concerns about inflation and growth. Economic activity is e ...More

RBI kept the repo rate at 6.5%. The MPC noted concerns about inflation and growth. Economic activity is expected to improve. Rising business and consumer confidence support this view. The MPC is committed to balancing inflation and growth. Some members voted for a rate cut. The RBI will monitor the situation closely. ...Less

RBI MPC: The Reserve Bank of India (RBI) Governor Shaktikanta Das announced measures to address unclaimed ...More

RBI MPC: The Reserve Bank of India (RBI) Governor Shaktikanta Das announced measures to address unclaimed deposits by segregating beneficiary accounts through Direct Benefit Transfer (DBT). The RBI also increased interest rate ceilings on Foreign Currency Non-Resident Bank (FCNR(B)) deposits to attract capital inflows, effective until March 31, 2025. Indian banks' financial parameters remain strong, and the RBI continues proactive supervision. ...Less

The RBI's October policy shift to a neutral stance was reflected in its liquidity management since July 2 ...More

The RBI's October policy shift to a neutral stance was reflected in its liquidity management since July 2024, with interbank liquidity surplus averaging INR1.2tn. RBI refrained from strong liquidity absorption, signaling comfort with current conditions as government expenditure rose and inflation pressures moderated. ...Less

MPC decided to keep the policy repo rate steady at 6.50%. Other key rates, including the standing deposit ...More

MPC decided to keep the policy repo rate steady at 6.50%. Other key rates, including the standing deposit facility at 6.25% and the marginal standing facility and Bank Rate at 6.75%, also remain unchanged. ...Less

RBI's new governor, Sanjay Malhotra, faces the challenge of balancing growth and inflation. He inherits a ...More

RBI's new governor, Sanjay Malhotra, faces the challenge of balancing growth and inflation. He inherits an 'unsettled' economic landscape and must navigate complex factors like weak consumption and investment. Malhotra's approach and potential review of the inflation-targeting framework will be crucial for India's economic future. ...Less

The Reserve Bank of India (RBI) has approved the Burman family's plan to acquire an additional 26% stake ...More

The Reserve Bank of India (RBI) has approved the Burman family's plan to acquire an additional 26% stake in Religare Enterprises. This follows a tussle for control of the NBFC. The RBI's approval, valid for one year, comes with conditions, including maintaining the current management structure and requiring consolidation of NBFCs within the Burman group by March 31, 2026. ...Less

Economists predict slower real GDP growth in the second half of FY25, ranging from 6.4% to 6.6%, compared ...More

Economists predict slower real GDP growth in the second half of FY25, ranging from 6.4% to 6.6%, compared to RBI's 7% projection. High-frequency data reveals mixed indicators for consumption and investment sectors. Weaker exports, consumption spending, and construction activity contribute to the lowered growth forecast, despite increased government and agricultural spending. ...Less

RBI has shortened the timeframe for classifying wilful defaulters. Banks now have six months to complete ...More

RBI has shortened the timeframe for classifying wilful defaulters. Banks now have six months to complete the process. This decision aims to prevent asset value decline. The process involves internal committees and hearings with borrowers. Borrowers deliberately delaying proceedings prompted the RBI's action. This move protects lenders and maintains financial stability. ...Less

Inflation remains a key factor influencing future rate cuts. Most economists expect a cut in December, wh ...More

Inflation remains a key factor influencing future rate cuts. Most economists expect a cut in December, while some predict it may come in February 2025. ...Less

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RBI Governor Shaktikanta Das dodged questions about his potential tenure extension, amidst reports sugges ...More

RBI Governor Shaktikanta Das dodged questions about his potential tenure extension, amidst reports suggesting he's likely to receive a third term. This would make him the longest-serving governor since the 1960s, surpassing the typical five-year maximum. Sources indicate no other candidates are currently being considered. ...Less

The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) de ...More

The Reserve Bank of India raised the interest rate caps on Foreign Currency Non-Resident Bank (FCNR-B) deposits to attract more capital inflows, amid pressures on the rupee. Starting December 6, banks can offer higher rates—up to 400 basis points for 1-3 year deposits and 500 basis points for 3-5 year deposits—until March 31, 2025. This move comes as the rupee faces volatility. ...Less

RBI Monetary Policy Meeting: The Reserve Bank of India (RBI) raised its inflation forecast for the fiscal ...More

RBI Monetary Policy Meeting: The Reserve Bank of India (RBI) raised its inflation forecast for the fiscal year to 4.8% due to persistent high food prices and weakened consumption demand. The RBI maintained the repo rate at 6.5% for the eleventh consecutive time. While heavy monsoon rains aided recovery from last year's drought, excess rainfall damaged key summer crops, contributing to elevated food inflation. ...Less

The Reserve Bank of India's (RBI) rate-setting panel has revised India's GDP growth forecast for FY25 dow ...More

The Reserve Bank of India's (RBI) rate-setting panel has revised India's GDP growth forecast for FY25 down to 6.6% from 7.2%, as announced by Governor Shaktikanta Das. The Q3FY25 GDP growth forecast is reduced to 6.8% (from 7.4%), Q4 to 7.2% (from 7.4%), and Q1FY26 to 6.9% (from 7.3%). ...Less

Home loan borrowers may see relief in 2025 as interest rate cuts are anticipated following a decline in G ...More

Home loan borrowers may see relief in 2025 as interest rate cuts are anticipated following a decline in GDP growth. Experts predict a potential repo rate reduction, with varying estimates of up to 100 bps. Borrowers are advised to switch to external benchmark-linked lending rates to maximize gains and consider refinancing for better deals. ...Less