In this mechanism, RBI buys U.S. Dollars from banks in exchange for Rupees (first leg) and agrees to sell them back at a pre-determined future date along with a premium (reverse leg).
The auction will take place on January 29, between 9:30 AM and 10:30 AM on the Reserve Bank of India Core Banking Solution (E-Kuber) system.
With bancassurance continuing to account for a large share of business, especially via parent banks, both insurers said alignment with their bank partners will remain central to growth recovery in FY27
The IRDAI has played a central role in this expansion through a series of phased structural reforms.
The Centre has reiterated a consolidation path, with the fiscal deficit targeted at 4.4% of GDP for FY26 and a stated intent to keep the glidepath intact.
India’s states are no longer on the same demographic clock — and that is quietly reshaping their fiscal future.
Bank Strike News: Digital banking services, including UPI and internet banking, are expected to function normally, though ATM cash availability could face localised disruptions due to logistical issues.
Mumbai, Jan 23 The Reserve Bank on Friday said it will inject over Rs 2 lakh crore of liquidity into the system through a slew of avenues. "On a review..
Responding to questions on the nature of the investigation, the bank confirmed that the qualified conclusion relates to BFIL’s role as a business correspondent in the microfinance segment, and is linked to certain practices in past years, including around collections.
In a note to accounts, the bank said it had assessed the roles and responsibilities of individuals involved in earlier irregularities and fixed accountability in line with its internal code of conduct.
We are aiming the 60:40 ratio in FY26-27. Most likely, this will materialise by Q3 or Q4 of that year, as building a high-quality RAM book takes time, Chandra tells Moneycontrol in an interview
At 11.55 am, the currency was trading at 91.57 against the US dollar, a day after it sank to a new low of 91.74
In November, the Indian rupee remained in the range of 88.56-89.45 against the US dollar.
Data showed that foreign banks have transmitted 107 bps of rate cut on fresh deposit and 100 bps on outstanding deposit. On the other hand, state-owned banks have seen a transmission of 101 bps and private banks of 93 bps on fresh deposit, and 33 bps for PSU banks and 34 bps for private banks on outstanding deposits.
Flaws were detected by the RBI on how Axis Bank, ICICI Bank and HDFC Bank treated their agriculture loans as priority sector loans in the annual supervision for FY25, necessitating the banks to make higher provisions.
The Indian economy has demonstrated marked resilience amidst global uncertainties, with real GDP growth estimated at 7.4 percent in 2025-26, up from 6.5 percent a year ago, RBI said in a bulletin.
With MFI credit showing early signs of revival, insurers expect credit-linked protection to regain momentum, even as they remain wary of past risks
With the current fall, the domestic currency turned out to be the second worst performing currency among Asian peers with a fall of 1.98 percent so far in 2026.
In May 2025, the central bank paid a record Rs 2.69 lakh crore dividend to the government, reflecting higher income from foreign exchange operations amid global market volatility.
After a strong year of expansion, the shape of lending to small businesses is changing and that matters for Budget 2026
While long-term policy retention remains healthy, brokerages cautioned that deterioration in recent cohorts could become a key monitorable for the sector over the coming quarters
Since February, 2025, the MPC has reduced the repo rate by 125 bps to aid growth, with a 25 bps cut each in February and April, 50 bps in June, and 25 bps in December. However, the RBI has kept repo rate unchanged in August and October monetary policy.
The domestic currency opened a tad weaker on January 20 but declined rapidly to 91.0650 against the dollar. This level was touched nearly after a month
Wonder Home Finance achieved a 70% CAGR over the past five years, with assets under management exceeding Rs 3,000 crore
Premiums accounted for just 3.7 percent of GDP in FY24, compared with 11.8 percent in the UK and 12.1 percent in the US, indicating significant headroom for expansion in the Indian market
