Before Trump’s announcement, most economists expected no change in rates following the governor’s cautious stance in the June policy meeting. The majority still expect RBI to hold this week, but a few have changed their forecasts recently.
The move is aimed as simplifying compliance and enhancing clarity. The review cell will revisit all regulations every five–seven years to weed out obsolete norms and examine if there’s the right balance between efficiency and financial stability
A 100 bps rate cut since February 2025 is seen as a positive step to boost demand for loans or consumption. However, the flip side is that deposit rates - especially for retail - are set to trend lower at a time when the overall savings rate itself is trending down.
The forex reserves had touched an all-time high of USD 704.885 billion in end-September 2024
RBI Repo Rate News Live: The outcome of the monetary policy committee's meeting is scheduled to be announced at 10 am today (June 6). The press briefing of governor Sanjay Malhotra can be watched online on the central bank's YouTube channel and on Moneycontrol.com.
With persistent global uncertainties, the minister is expected to assess systemic vulnerabilities and align regulatory priorities with the government’s policy agenda
Amid uncertainty over Trump tariffs, Indian banks are leading the stock market rebound from the front
The objectives behind the revised directions are to put in place a harmonized regulatory framework for such loans across banks, HFCs, NBFCs as well as cooperative banks. The RBI said it aims to address concerns over some of the lending practices being followed.
An investigation is underway and based on its findings, appropriate action will be taken and those responsible identified, RBI Deputy Guv Swaminathan Janakiraman has said
RBI April 9 Repo Rate Highlights: We just have to ensure, through various means, that these episodes happen lesser in frequency, adds Governor Malhotra
Safeguarding the financial system from climate change impact remains high on RBI’s to-do list
On the policy front, benchmark rates were lowered. He has relaxed many regulatory strictures, especially those that intensified risk mitigation and increased the cost of lending for regulated entities. What next is the question
After the RBI MPC, experts say the overall situation in the debt market remains bond-positive, with a clear expectation of further rate cuts and a favourable demand-supply mix.
The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has lowered the repo rate by 25 basis points to 6.25%, marking the first rate cut in five years. Previously held steady at 6.5% for two years, this reduction follows the government's recent personal income tax cuts aimed at boosting consumption. RBI Governor addresses the media following the policy announcement—tune in for insights.
While a 25 bps rate cut seems to be a foregone conclusion, it being the first monetary policy chaired by Sanjay Malhotra, RBI governor, banker, equity, debt and currency markets will want to take cues on the policy direction.
Malhotra along with his deputies — M Rajeshwar Rao, T Rabi Sankar and Swaminathan J — met MDs and CEOs of public and private sector banks here on Monday.
Shaktikanta Das underlined the need to restore the inflation-growth balance as a key task ahead for RBI, which the new governor will take forward.
Markets usually anticipate the incoming Governor to slash interest rates. This time around, with inflation being where it is, it needs to be seen whether there is adequate headroom to tinker with rates just yet. Malhotra’s decision on certain critical banking-related issues and the divestment of IDBI Bank will be interesting to note.
Sanjay Malhotra has been appointed as the RBI governor for a three-year term starting December 11
Das’s six years in office saw him steering monetary policy through a pandemic bringing the world down to its knees, a banking crisis roiling the world's largest economy, two major wars and raging inflation.
Sanjay Malhotra, the current Revenue Secretary, has been appointed as the next Reserve Bank of India (RBI) Governor, succeeding Shaktikanta Das. Malhotra, a 1990-batch IAS officer from the Rajasthan cadre, is an IIT-Kanpur alumnus with a Master's from Princeton University. With over 33 years of experience in sectors like finance, taxation, and IT, he has played a key role in shaping tax policy and achieving buoyant tax collections. Das, who served as RBI Governor since 2018, contributed significantly to India's financial sector, working on eight Union Budgets and representing India in global institutions like the World Bank and ADB.
Sanjay Malhotra, age 56, will take over from Shaktikanta Das on December 11 as the 26th Governor of RBI.
India is only looking to de-risk domestic trade from geo-political upheavals, dependence on one currency can be problematic, Shaktikanta Das has said
Developed by RBI's Innovation Hub, this in-house AI/ML-based tool, called MuleHunter.AI, is a system developed to identify suspected mule accounts.
RBI Governor Shaktikanta Das highlighted India's stable financial system and resilience amid global challenges at the CNBC-TV18 Global Leadership Summit. He noted that India's fourth-largest foreign exchange reserves provide 12 months of import cover, underscoring confidence in the economy. Das discussed the RBI’s balanced approach to interest rate changes, aiming to avoid excessive or insufficient measures. He reaffirmed the RBI’s commitment to price stability and prudent financial management. The bank is also assessing the climate risk impact on the financial system and reviewing the Expected Credit Loss (ECL) framework with guidance from an external committee.