Banking

This year’s rate cuts have each come with dissenting votes. Three policymakers are expected to do so again at the central bank’s last gathering of the year.

RBI to conduct $5 billion USD/INR buy/sell swap auction on December 16

As per estimates by the experts, this auction will approximately inject Rs 45,000 crore liquidity to the banking system.

Bajaj Finance to disburse Rs 5,300 crore loans via voice bots

To accelerate growth momentum, the company needs to shift from product-centric to a customer-centric strategy, it has said

Banking Central | The RBI has cut rates. But nothing changes overnight

A 25 bps cut will help the economy, but don’t expect instant relief on your EMIs. Monetary policy works in slow motion.

Bank of Maharashtra slashes retail loan rates by 25 bps

With the revision effective Saturday, the bank’s home loan starts from 7.10 per cent interest rate and car loan from 7.45 per cent, which is among the lowest in the banking industry, BoM said in a statement.

Will USD/INR Buy/Sell swap help battle a turbulent rupee?

The local currency hit the all time low in this week and crossed 90-mark against the US dollar on persistent equity outflows and uncertainty around the India-US trade deal.

RBI MPC Analysis: Forget Rupee, focus on growth - the straight message from RBI Governor

Loans are set to get cheaper once again, which signals that banks are expected to play a pivotal role in lifting domestic growth, just like they did post pandemic. Is the market dynamics in favour of a quality credit growth; that’s the challenge ahead.

RBI factored in rupee’s current level while making CPI inflation projections, says Governor Sanjay Malhotra

The central bank revised down the CPI inflation by 60 basis points (Bps) for FY26 to 2 percent from 2.6 percent projected earlier.

RBI to launch 2-month drive to clear complaint backlog as Ombudsman pendency rises

The RBI will launch a special redressal drive from January 1 to address unresolved grievances under its ombudsman framework

RBI MPC | Is RBI preempting liquidity tightening in later part of December?

RBI cut repo rate by 25 bps and announced OMOs plus a USD/INR swap to inject durable liquidity ahead of December tax outflows, easing rate and liquidity stress.

Rupee falls 13 paise after RBI announces $5 billion 3-year USD/INR buy sell swaps

The local currency was trading at 89.98 against the dollar after opening at 89.85

Quick Take | What does the 25 bps rate cut mean for India’s economy now?

With inflation at historic lows, the RBI finally opens the tap. The 25 bps cut signals support for growth, but the central bank isn’t throwing caution to the winds.

RBI reduces FY26 inflation forecast to 2%

RBI projected Q3 FY26 inflation at 0.6% as compared to 1.8% earlier, and Q4 at 2.9% as compared to 4.0% earlier.

RBI raises FY26 GDP forecast to 7.3%

The inflation forecast for Q3 was revised to 7% from 6.4% earlier, and that for Q4 has been revised to 6.5% from 6.2%.

RBI MPC cuts repo rate by 25 bps amid comfort on inflation

The MPC kept the stance unchanged at 'Neutral'; RBI also decided to conduct open market operations of Rs 1 lakh crore in December

Bond yields fall 1 bps ahead of RBI policy announcement

On November 21, a Moneycontrol poll of economists, treasury heads and fund managers said that the RBI’s MPC is likely to cut repo rate by 25 basis points (bps) in the upcoming monetary policy due to the comfort provided by the lowest ever Consumer Price Index (CPI) inflation in the last two months.

Rupee opens 13 paise up against dollar at 89.85 ahead of RBI's monetary policy

A Moneycontrol poll expects the MPC to cut repo rate by 25 bps, drawing comfort from the low CPI inflation print

India may seek bids for $7 billion IDBI Bank stake this month

India is aiming to sell 60.72% in the Mumbai-based lender, which amounts to about $7.1 billion at IDBI Bank’s current market price.

RBI monetary policy on Friday; mixed expectations on rate cut, status quo

The meeting is taking place against the backdrop of falling inflation, rising GDP growth, the rupee crossing 90 against the dollar and ongoing geopolitical tensions.

Why is rate cut a tough call for RBI? Six factors to track in the December MPC meeting

Experts are of the view that the central bank will announce some measures on the liquidity front such as Open Market Operations (OMO) purchases to support banking system liquidity during time when the activity in the forex intervention has increased after rupee crossed 90-mark.

RBI to announce monetary policy amid expectations of 25-basis point reduction in repo rate

The MPC started its three-day deliberation on the next set of bi-monthly monetary policy on Wednesday.

RBI issues amendments to Gold Metal Loan scheme post examining feedback on draft norms

The central bank accepted the feedback on the ‘gold in raw form’ and have replaced the the term ‘Primary Gold’ as defined under extant regulations.

RBI issues amendments to Large Exposures Framework, intragroup transactions and exposures

The central bank said in the absence of explicit legal ring-fencing between a FBB and its HO, it has been decided to retain the draft proposal and reckon such exposures only on gross basis.

Bond markets expect OMO purchase announcement in RBI's Dec monetary policy

The central bank has so far conducted Rs 27,280 crore worth of OMO purchases in the secondary market. According to RBI data, the central bank conducted Rs 14,810 crore OMO purchases between November 10 and November 13, and Rs 12,470 crore between November 4 and November 7.

Barclays sees India's sovereign rating at mid-BBB by 2026 on fiscal momentum

While government debt remains elevated, falling financing costs, strong nominal GDP growth and improved tax buoyancy have helped stabilise the debt burden and reduce interest payment pressure, a Barclays report has said

Indian rupee closes above 90-mark on likely intervention by RBI

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.