Reports have claimed that US could slash the tariff on Indian goods to 15 percent, as New Delhi 'moderates its oil purchases from Russia'
Sources say loan to value by leading NBFCs and a few banks in the gold loan segment has started reducing by 2 – 4 percent, in anticipation of a likely dip in gold prices.
He cautioned that the US accounts for about 33 percent of India’s exports of labour-intensive goods such as textiles, leather, gems and jewellery, and processed food products sectors that are dominated by MSMEs and employ nearly 40% of India’s manufacturing workforce. The imposition of 25%+25% penal tariffs on Indian exports, coupled with other restrictive trade and immigration policies, could impact these sectors more acutely.
The selling of dollars by the RBI's last week helped the rupee post its best weekly performance in nearly four months
CEO Amitabh Chaudhry says the bank is engaging with the regulator to provide all necessary clarifications
Trump's claim of India committing to stop buying Russian oil, easing dollar index and strong Asian currencies give support to the rupee
Since the beginning of the year, global uncertainties have increased, starting with tariff imposition by the US, India-Pakistan tensions, and the Iran-Israel unrest which led to a strong US military action.
Expected Credit Loss (ECL) framework of provisioning for bad loans, with prudential floors, is proposed to kick in from April 1, 2027, the Reserve Bank of India (RBI) Governor Sanjay Malhotra said on October 1, during the monetary policy announcement.
The dollar index, which measures the greenback's against a basket of six major currencies, fell to 98.883 in the morning from the previous close of 99.047
Trade tension between the US and China resurfaced after United States President Donald Trump threatened '100 percent tariff' on all Chinese goods beginning November 1
As Executive Director, Sen Gupta will oversee the Consumer Education and Protection Department, the Financial Inclusion and Development Department, and the Inspection Department, the central bank said.
The RBI superseded the bank's board on on October 7, citing concerns over the lender’s deteriorating financial health and governance issues
Latha Venkatesh assesses central bank's recent regulatory reforms
The central bank has built up short dollar positions of at least $15 billion in the non-deliverable forwards market over the past two to three weeks
On October 1, RBI proposed to provide an enabling framework for banks to finance acquisitions by Indian corporates
Changes to expected credit loss framework will promote prudent lending and efficient capital use, said Motilal Oswal
According to the RBI, the action was “necessitated due to certain material concerns emanating from continued poor financial condition and governance standards observed in the bank.”
T Rabi Sankar said that through planning and guidance, and structured engagement with industry, the RBI aims to foster an ecosystem where people can be aware of the security of the fact that people are in danger and the RBI has always fostered innovation with guidance, with good guardrails.
Pati cautioned that such innovations must be approached thoughtfully, with robust legal and regulatory frameworks in place
The deposit growth of the private banks remained in the range of 7.1-15.1 percent year-on-year in Q2FY26, higher than 9.28-12.13 percent growth registered by state-owned lenders.
The local currency opened at 88.74 against the US dollar, as compared to 88.7825 against the greenback at the previous close.
Self-regulatory organisations are expected to help develop industry standards and best practices, and ensure that members adhere to these
The RBI's proposal allows firms to raise up to $1 billion or 300% of net worth, whichever is higher
Governor Sanjay Malhotra also expressed confidence in India's economy sustaining 7-8 percent growth
These measures include consolidation of large number of circulars and directions of the RBI, measures related to strengthen export sector, and review of restrictions on transaction accounts.