Indian lenders have asked the Reserve Bank of India (RBI) to relax several liquidity norms to help free up funds for lending, as loan demand continues to grow faster than deposits, according to people familiar with the matter. Banks have sought permission to unlock part of the cash they are required to park with the […]
Indian banks seek RBI relief on liquidity rules to support credit growth Read More »
India’s household debt increased to 41.3 per cent of gross domestic product at the end of March 2025, higher than the five-year average of 38.3 per cent, with consumption-related borrowings forming the largest share, the Reserve Bank of India said in its Financial Stability Report. The central bank noted that despite the rise, India’s household
India’s Household Debt Rises to 41.3% of GDP, Consumption Loans Dominate: RBI Read More »
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has announced a reduction in the repo rate. Following the final policy meeting of the year, RBI Governor Sanjay Malhotra on Friday declared that the repo rate has been cut by 25 basis points, bringing it down from 5.50% to 5.25%. The MPC meeting began
RBI Cuts Repo Rate by 25 Basis Points; Rate Reduced to 5.25% Read More »
Despite global economic challenges, India’s economy gained further momentum in October, supported by the rationalisation of goods and services tax (GST) rates and strong festival spending, according to the Reserve Bank of India’s (RBI) latest State of the Economy report. “GST collections improved over the previous month, signalling a solid rise in consumer demand,” said
India’s Economy Gains Momentum in October on GST Cuts, Festive Demand: RBI Report Read More »
The Reserve Bank of India (RBI) has issued new directions on banks’ nomination facilities for deposit accounts, fixed deposits (FDs), safe deposit lockers, and articles kept in safe custody. The new rules will come into effect from 1 November 2025, aligning with the Banking Laws (Amendment) Act, 2025. The guidelines aim to ensure smoother claim
RBI Simplifies Banking: No Nominee? You Can Still Open an Account or Locker from Nov 1 Read More »
The Reserve Bank of India (RBI) on Friday released a draft circular proposing to allow banks to provide loans to Indian companies for acquiring full or controlling stakes in both domestic and overseas firms as part of strategic, long-term investments rather than short-term financial restructuring. Under the draft guidelines, only listed companies with a satisfactory
RBI Proposes to Allow Banks to Finance Domestic, Overseas Acquisitions Read More »
The Reserve Bank of India (RBI) will announce the outcome of its October Monetary Policy Committee (MPC) meeting at 10:00 AM on Wednesday, Governor Sanjay Malhotra confirmed. The announcement will be broadcast live on the RBI’s official YouTube channel, X (formerly Twitter) handle, and website. A press conference will follow at 12:00 noon, offering deeper
RBI October MPC Meeting: When and Where to Watch the Rate Decision Live Read More »
Fintech giant PhonePe has received the final approval from the Reserve Bank of India (RBI) to operate as a payment aggregator, more than two years after securing in-principle clearance from the central bank. The Bengaluru-based company now joins over 50 firms that have obtained a full licence, alongside players such as Pine Labs Online, Easebuzz,
RBI Grants PhonePe Final Licence to Operate as Payment Aggregator Read More »
New Delhi, August 29, 2025 – Former Reserve Bank of India (RBI) Governor Urjit Patel has been appointed as Executive Director at the International Monetary Fund (IMF) for a period of three years, a government notification said on Friday. The appointment was approved by the Appointments Committee of the Cabinet, according to the order dated
Former RBI Governor Urjit Patel Appointed IMF Executive Director Read More »
