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FORGOTTEN HISTORY: 3 | History Defined

RBI's concessional swap facility to boost financial institutions' overseas borrowing: S&P

The Reserve Bank of India's new concessional forex swap facility is set to significantly lower borrowing costs for government-owned financial institutions, encouraging them to increase external borrowings. This move aims to attract foreign capital, bolster reserves, and support the rupee. S&P Global Ratings highlights that these government-linked entities, crucial for…

The Economic Times

India's lending boom might no longer be largely bank-led

India's private credit market is booming, doubling in five years to $25 billion as companies seek alternatives to traditional bank loans for expansion and acquisitions. Banks, wary of complex financing, are leaving a gap that private lenders are filling with flexible, albeit costlier, solutions. While growth is strong, regulators are…

The Economic Times

Parliament Standing Committee on Finance to review Virtual Digital Assets; RBI, ICAI to take part

Parliament's Standing Committee on Finance is set to scrutinize the regulatory future of Virtual Digital Assets (VDAs) on July 2nd. The committee will hear from the Reserve Bank of India regarding financial stability and money laundering concerns, followed by discussions with the Institute of Chartered Accountants of India on taxation…

The Economic Times

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Bharti Airtel shares in focus as NBFC Airtel Money commences commercial operations after RBI nod

Bharti Airtel shares will be in focus after its NBFC arm, Airtel Money, commenced commercial operations following RBI approval. The development comes as Nomura reaffirmed its bullish stance on the telecom major, raising its target price to Rs 2,355 per share. Despite a 34% drop in Q4 profit, Airtel reported…

The Economic Times

RBI floating rate bond : Has 8.05% interest rate changed? Here's what investors should know

The Reserve Bank of India has maintained the Floating Rate Savings Bond interest rate at 8.05% following the Finance Ministry's decision to keep the National Savings Certificate rate at 7.7%. This bond offers a 0.35% premium over the NSC, providing a competitive return compared to many small savings schemes and…

The Economic Times

NCLAT revives IL&FS plea in Rs 1,080 crore circuitous transactions, sets aside NCLT order

The National Company Law Appellate Tribunal (NCLAT) has revived IL&FS's plea concerning Rs 1,080 crore in alleged circuitous lending transactions. Setting aside a previous NCLT order, the tribunal stated the lower court erred by not examining the merits of claims that these deals, involving IFIN and SREI group entities, were…

The Economic Times

RBI's tighter capital market norms kick in from today; Ashvin Parekh on why the timing matters

New Reserve Bank of India regulations, now effective from July 1, aim to bolster financial stability by limiting bank exposure to real estate and securities. These rules, following a deadline extension, restrict the use of third-party collateral and impose explicit caps on lending. Experts suggest the delay allowed for recalibration,…

The Economic Times

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India's economic plot twist comes with one villain stepping aside, another waiting

India's economic outlook has improved as falling crude oil prices ease inflation, strengthen the balance of payments and prompt economists to raise GDP growth forecasts. But the optimism comes with fresh risks, including an uneven monsoon, food inflation, geopolitical tensions in West Asia and uncertainty over global commodity prices, making…

The Economic Times

IT growth vectors "clearly missing"; EV capex pullback hits ER&D players: Mayuresh Joshi

India's IT and ER&D sectors are navigating a structural slowdown, with EV capex cuts impacting companies like KPIT. Near-term macro risks, including geopolitical tensions and inflation, cloud the outlook. Metals face price pressure from increased supply, though low inventories offer future potential. Kotak's Standard Chartered deal appears fairly priced, but…

The Economic Times

RBI opens bank lending for acquisitions under new framework

India's banking sector is set for a major overhaul with the RBI's new acquisition finance framework, effective today. This move integrates acquisition funding into regulated banks, previously dominated by specialized lenders. While offering greater certainty and potentially lower costs for corporate growth, the framework includes safeguards like financing caps and…

The Economic Times

Banks NPA at multi-decadal low of 1.8%, Indian financial system remains resilient: RBI report

India's financial system remains robust, with bank NPAs hitting a multi-decade low of 1.8%. Despite global uncertainties and rising oil prices, strong domestic fundamentals offer resilience. However, funding challenges are emerging as savers seek higher returns, and AI-driven cyberattacks pose a significant near-term threat to banks. The RBI remains vigilant…

The Economic Times

Corporate debt-servicing capacity improves, but share of vulnerable firms rises in Q4 FY26: RBI

Indian companies are showing improved debt-servicing capabilities, with the interest coverage ratio reaching a two-year high of 6.5 in March 2026. This indicates a stronger ability to meet interest payments from operating profits. However, a concerning rise in financially vulnerable firms, whose profits can't cover interest, was also noted. Despite…

The Economic Times

PM Modi appeal impact: Gold import growth down substantially in May

Gold imports saw a significant slowdown in May, a welcome development following Prime Minister Modi's calls to curb consumption. This deceleration, with imports at approximately USD 12 billion, marks a third consecutive monthly decline. The Reserve Bank highlighted that while gold prices rose, increased imports had previously widened the trade…

The Economic Times

Household sector debt climbs to 45.5 pc of GDP in Sep 2025: RBI report

Household debt has climbed to 45.5% of India's GDP, driven by a surge in non-housing retail loans, now making up over half of total borrowings. Despite this rise, borrower quality is improving, with more prime borrowers taking out loans. While consumption loans dominate, experts express concern over debt servicing for…

The Economic Times

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The Economic Times

Household sector debt climbs to 45.5% of GDP in Sep 2025: RBI report

The Economic Times

Indian economy remains exposed to energy price shocks: RBI report

India's economy faces potential exchange rate volatility due to rising oil prices and supply chain issues, an RBI report revealed. Despite strong fundamentals, the nation remains vulnerable to energy price shocks and geopolitical tensions. While recent policy measures have eased pressure on the rupee and bond yields, attracting capital remains…

The Economic Times

Bank credit to industry grows at robust 17.5% in May: RBI

Indian banks witnessed a significant surge in credit to industries, with a robust 17.5% annual growth in May. This expansion was driven by accelerated lending to large corporations and sustained healthy growth in the Micro and Small Enterprises (MSE) sector. Advances to agriculture and allied activities also saw a strong…

The Economic Times

US-Iran thaw to provide tailwinds for growth: RBI

India's economic growth could get a boost from the Iran-US peace deal, according to the Reserve Bank's latest report. While the economy shows resilience, elevated commodity prices and a weaker global outlook pose risks. The central bank also flagged potential pressure on the fiscal deficit due to higher energy costs…

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The Economic Times

AI-enabled cyberattacks biggest near-term threat to financial system: RBI

AI-powered cyberattacks are India's top financial system risk, according to the RBI's latest report. Banks and NBFCs are most concerned about these sophisticated threats, though preparedness is uneven. Rising third-party tech dependence and geopolitical uncertainty also heighten vulnerabilities. While institutions are investing more in cybersecurity, employee awareness and forensic capabilities…

The Economic Times

RBI flags AI stock boom as financial stability risk, says Indian banks remain resilient

India's central bank has identified soaring AI stock valuations globally as a financial stability risk, warning of potential market spillovers. Despite this, the Reserve Bank of India asserts that India's banking system remains robust, well-capitalised, and resilient to external shocks. Strong macroeconomic fundamentals and healthy balance sheets in both banks…

The Economic Times

Bad loans may edge up to 1.9% by FY28 despite resilient banks: RBI

Indian banks are projected to see a slight increase in bad loans to 1.9% by March 2028, yet the system remains robust with strong capital and healthy profits. The Reserve Bank of India's report highlights resilient balance sheets and improving credit growth. Despite global uncertainties, the financial sector, including NBFCs,…

The Economic Times

Best dynamic bond funds to invest in June 2026

Confused by interest rate shifts? Dynamic bond funds offer a solution, allowing managers to adjust investments based on market outlook. While not foolproof, these funds could shine if the RBI begins rate cuts later this year, potentially rewarding debt mutual fund investors after muted performance. For those investing three to…

The Economic Times

India's next stock market headache isn't oil but a bigger storm brewing in the skies

India's stock market faces a new challenge as a severe "Super El Niño" threatens the monsoon, impacting 56% of GDP tied to consumption. This follows a decade-low monsoon start, with rainfall deficits exceeding previous El Niño years. Analysts warn of domestic demand destruction, range-bound markets, and downgrades in consumer sectors,…

The Economic Times

HDFC Bank shares in focus as lender appoints ex-finance secretary Rajiv Kumar as part-time chairman

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time Chairman, following Atanu Chakraborty's abrupt resignation over ethical concerns. Kumar, known for his role in cleaning up public sector bank balance sheets, will serve a three-year term subject to RBI approval. The bank also…

The Economic Times

HDFC Bank appoints former financial services secretary Rajiv Kumar as new Non-Executive Chairman

HDFC Bank has appointed former IAS officer and ex-Chief Election Commissioner Rajiv Kumar as its Part-time (Non-Executive) Chairman. The bank's board approved his appointment as an Additional (Independent) Director for four years, effective June 30, 2026. Kumar's three-year term as Chairman awaits RBI approval, with shareholder consent also needed for…

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