Banking

The local currency closed at 89.9750 against the US dollar, as compared to 90.4115 at open and 90.1913 at previous close against the greenback.

Raise Financial unveils Artham, India’s first SLM for capital markets

Built and hosted in India, Artham is designed to understand the structure, vocabulary and regulatory frameworks of domestic financial markets

Rupee continues to slide, opens 22 paise down at 90.41 against dollar

On December 3, the rupee went past the 90-mark against the US dollar for the first time

Rupee’s tariff war test: weaker, yet far more resilient than past crashes

According to Bloomberg data, the Indian rupee depreciated 5.06 percent between December 31, 2024, and December 3, 2025. It has become the worst-performing currency among Asian peers.

RBI’s silence in forex market may set stage for monetary policy surprise

According to a source, the RBI may have intervened at the certain level of 90.16-90.17 against the US dollar in spot forex market on December 3, and again at 90.27-90.29, to curb sharp depreciation.

Why INR at 90/USD is a big concern for RBI's monetary policy committee meeting

The Rupee opened at an all-time low on December 3 and crossed the 90-mark against the US dollar on persistent equity outflows and uncertainty around the India-US trade deal.

Only foreign parasitic trees to be cut; Kumbh preparations on fast track, says Nashik municipal chief

As part of Kumbh planning, we are laying six utilities together -- water supply, sewerage, storm water drainage, MNGL gas pipeline, electricity transmission and optical fiber. All will be laid first and then the road will be constructed, Khatri said.

Rupee at new low: INR closes below 90 for the first time against US Dollar

Stalled India-US trade talks and heavy FPI outflows continue to weigh on the rupee despite the weakening of the dollar index

Chart of the Day | Inflation trend is set to dominate MPC thinking again

Inflation has eased but remains a tricky pitch for the MPC, when it comes to deciding the course of interest rates

RBI says SBI, HDFC Bank, ICICI Bank remain domestic systemically important banks

The Reserve Bank had issued the ‘Framework for dealing with Domestic Systemically Important Banks (D-SIBs)’ on July 22, 2014.

Amid Nashik Kumbh protests, Maharashtra govt seeks way out of tree-cutting controversy, says CM Devendra Fadnavis

The tree cutting plan has triggered protests from local residents and environmental activists, who have questioned the necessity of large-scale tree felling and demanded alternative arrangements that would minimise ecological damage.

Nashik Municipal Corporation to issue green bonds worth Rs 200 crore in Jan-Feb, says Commissioner Manisha Khatri

On December 1, Nashik Municipal Corporation listed its bonds on the National Stock Exchange of India (NSE).

ARCs double down on India’s retail, SME loan distress

A prolonged clean-up of corporate balance sheets, competition from the government-backed so-called bad bank, and the sharp rise in stress within unsecured retail and small-business lending have together pushed ARCs into the non-corporate bad debt segment.

'Right time' to unlock value for Maha's govt entities says CM Devendra Fadnavis

Fadnavis called it the 'right time' to unlock value in government entities and corporations, and the listings will be carried out in a phased manner to ensure a smooth transition to the market.

Govt to divest up to 6% stake in Bank of Maharashtra via OFS, aims to garner Rs 2,600 crore

The sale includes a base offer of 5% with an option to sell an additional 1%. Bidding will open for non-retail investors on December 2, while retail investors can participate on December 3.

RBI releases National Strategy for Financial Inclusion 2025–30, outlines Panch-Jyoti framework with 47 action points

The strategy has been framed under the aegis of the Technical Group on Financial Inclusion and Financial Literacy following country-wide discussions with various stakeholders by the RBI and other stakeholders.

Cyber fraud rising, tech alone not enough to protect customers, says RBI Deputy Governor Swaminathan J

Swaminathan said the banking risk landscape has become more complex with the emergence of cyber, climate and reputational risks alongside traditional credit and market risks.

Why gig-worker unions are pushing for insurance provisions under the new labour code

Unions say legal recognition means little without actual schemes, contributions and registration, leaving gig workers without enforceable social security

INR or Repo rate: What will be the bigger priority for RBI ahead of MPC?

The depreciation in the local currency is highest in last three years due to tariffs related impact leading to higher demand for dollars among importers and outflows of funds from domestic equity market.

17 of 20 experts back December rate cut despite GDP uptick; banks’ margins at risk

The RBI has so far reduced repo rate by 100 bps from 6.5% to 5.55 between February and June. After that, it RBI has maintained a status quo in the August and October policies.

OPINION | Bank mergers may be a prelude to government’s partial exit from ownership

Speculation about public sector bank mergers has surfaced again. The jury is out on the efficacy of the last round of mergers. Yet, an IMF-World Bank assessment on India’s financial sector asks for privatisation of select banks. The government may not be averse to this idea in the long-term which makes a merger a stepping stone to exit 

Banking Central | A rate cut looks almost certain but the MPC must not lose its nerve

All signs point to a rate cut later this week

Pen Urban Bank fraud: A wake-up call for India’s cooperative banking system

The PMLA court’s refusal to discharge former directors in the Rs 598-crore Pen Urban Bank scam exposes deep governance failures that the cooperative banking sector can no longer gloss over

RBI issues 244 issues Master Directions, consolidating over 9,000 circulars aimed at reducing compliance burden

The RBI issued 244 Master Directions, consolidating the instructions currently administered by the Department of Regulation on an 'as-is' basis.

RBI consolidates 3,809 circulars into master directions, scraps 5,673 obsolete norms, to improve ease of compliance, says DG Murmu

Murmu furher said that any circular issued midway during the year will now be added as an amendment to the concerned master direction, and all master circulars will be updated within a period of one year.

Indian bond yield rises 5 bps after GDP accelerates to a six-quarter high of 8.2% in Q2

India’s economy extended its strong run for a third consecutive quarter, growing at a six-quarter high of 8.2 percent in July–September (Q2FY26) compared with 7.8 percent in the previous quarter.

Will issue 244 consolidated directions, including digital banking guidelines, later today: RBI DG Murmu

Last month, RBI proposed to repeal about 9,000 circulars to reduce the regulatory burden and compliance costs, apart from timely re-evaluation of the currency of existing instructions

FIMMDA members elects six new directors from PSU, private banks after SRO recognition, say sources

From the PSU space, State Bank of India, Union Bank of India and Bank of Baroda have secured representation. On the private sector side, the elected directors are from HDFC Bank, Axis Bank and ICICI Bank.

OPINION | Vault Matters: The real but barely mentioned risk in Yes Bank

Recently, Switzerland’s judiciary set aside the decision of its central bank to completely strike down the value of Credit Suisse’s AT-1 bonds when it was acquired by UBS. Will it open the pandora’s box back home where a similar matter is up for consideration at the Supreme Court?

Bond market split on RBI’s rate cut outlook, issuances and coupon demand diverge

This week Rs 25,023 crore has been raised through corporate bonds. Corporates and banks raised Rs 15,193 crore via BSE’s electronic book platform and Rs 9,830 crore on NSE’s EBP

Two big banks seek pension fund licences amid rising growth potential, says PFRDA chairman

An additional 0.1 percent incentive has been offered if 80 percent of customers are new to the scheme. This threshold has not yet been achieved, but once business gains momentum, pension funds are expected to actively pursue this incentive, Ramann said.

Bandhan Bank to auction NPA, written-off loan portfolios totalling Rs 6,931 crore

In a regulatory filing, the bank said the proposal was cleared at its board meeting held during the day.

NBBL aims to process 1 billion monthly transactions over next 3 years, says NBBL CEO

Last month, the company crossed 260 million transactions, a 10x growth over the last few years, Noopur Chaturvedi has said

Rupee down 3.5% since March; RBI sells $38 billion to steady currency: FinMin

Indian rupee weakened 3.5% vs US dollar between March and October 2025, as RBI sold nearly $38 billion to stabilise the currency amid global volatility and mixed flows.

RBI uses multi-model, forward-looking framework to sharpen inflation, growth forecasts, says Deputy Guv Poonam Gupta

The bi-monthly policy resolutions of the Monetary Policy Committee provide projections for inflation and growth up to four quarters ahead, Gupta said.

Central, state PSUs account for 40% of delayed MSME payments

As of March 2024, the amount of delayed payments to Micro, Small, and Medium Enterprises, adjusted for inflation, stood at Rs 7.34 lakh crore

RBI’s rupee defence at 3-year high, $38 billion sold in January–September

The rupee has depreciated 4.10% in the calendar year and 4.26% this fiscal, according to Bloomberg data

Jefferies to rope in veteran financier Keki Mistry for its AMC arm  

The company has applied to Sebi for an asset management license and in the process of putting together a top management team.

Moneycontrol Pro Panorama | What a December move by RBI, Fed means for the Indian economy

In Moneycontrol Pro Panorama November 26 edition: For India, a rate cut right now is not just a monetary signal. It is a chance to revive momentum

Nabard, PFC pull bond issues as investors demand higher coupons

Investors wanted to lock in higher rates ahead, expecting a rate cut by the RBI which meets for its bi-monthly policy review in the first week of December

Rupee opens 3 paise down at 89.25 on persistent dollar demand

Importers have been buying dollars whenever the rupee strengthens, which has made it hard for the rupee to strengthen, experts say

Sandesara Settlement: Has the SC just opened a Pandora’s box?

The Sandesara ruling may have many ramifications in similar cases

Eight years on, the IBC is buckling under delays, haircuts, dodgy deals

With creditor recoveries stuck at nearly one-third and banks chasing pre-IBC fraud almost equal to total recoveries, India’s insolvency regime is flashing red signals

Japan bond yields rise, but no immediate spillover seen on Indian bond market

Japan is one of the world’s largest creditor nations and plays an important role in capital flows to other countries. Thus, rising yield can influence other markets in a significant way.

Rupee opens 17 paise higher on RBI support, extends gains for second day

This is the second consecutive day when the central bank is expected to have seen in the market to support the local unit.

Banking Central | What lies ahead for India’s shadow banks?

Competition, borrower leverage and tight bank funding mean NBFCs must grow with caution, not exuberance

Macroeconomic indicators support scope for rate cut, timing up to MPC: RBI Governor

The MPC cut rates by a total 100 basis points in the first half of 2025, but has maintained a pause since August.

Rupee ends 17 paise up at 89.24 against US dollar on RBI support

On November 21, the local currency depreciated to a record low of 89.49 against the US dollar due to outflows from foreign investors from Indian equities, uncertainty over a US-India trade deal, and absence of RBI's support sparked the slide in the rupee.

India’s health insurance sector faces Rs 10,000-crore annual leakage due to fraud and abuse

Health insurance gross written premium has reached Rs 1.27 lakh crore in 2025 and is projected to nearly double to Rs 2.6-3 lakh crore by 2030, a BCG report said

Rupee opens 26 paise higher at 89.15/USD on likely RBI support

On November 21, the local currency depreciated to a record low of 89.49 against the US dollar due to outflows from foreign investors from Indian equities, uncertainty over a US-India trade deal, and absence of RBI's support sparked the slide in the rupee.