Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

YOU WONT BELIEVE: 8 - You Need To See This

'India was, is and will be one of fastest-growing economies': SBI Research

India remains one of the world's fastest-growing economies, demonstrating significant resilience. Strong credit and deposit growth indicate a robust financial sector performance. Foreign currency inflows are bolstering the nation's economic standing. Improved monsoon outlook and better irrigation support the rural economic outlook. The number of high-income taxpayers continues to show…

The Economic Times

India central bank head says AI can approve loans humans would have turned down, says the technology is, 'a capability to be responsibly harnessed and not merely as a risk to be contained'

India's central bank wants AI deciding who can get a loan, as long as no bank ever tells a customer "the model decided.

TechRadar

RBI may stay nimble on rates as growth is seen slowing to 6.6%: Report

Crisil reports India's growth may slow to 6.6 percent this fiscal year. Foreign portfolio investor inflows improved significantly in July, boosting financial conditions. Systemic liquidity surplus widened, and money market rates softened during July. Bank credit growth remained strong, and bond yields declined, while the rupee weakened. The Reserve Bank…

The Economic Times

From analysis to the latest developments in health,
read the most diverse news in one place.

RBI to close FCNR(B) forex swap facility early after strong dollar inflow

The Reserve Bank of India has closed its special forex swap facility early. This facility attracted significant foreign exchange inflows totaling $52.3 billion. The scheme for FCNR(B) deposits will now only accept funds mobilized until August 31. However, the swap facility for ECBs and OFCBs continues until December 2026. These…

The Economic Times

FCNR, ECB measures to draw $90-95 bn capital inflows in FY27: Report

Concessional swap windows are expected to draw substantial capital inflows for India. These measures are projected to generate ninety to ninety-five billion dollars in capital inflows. India's balance of payments is anticipated to improve significantly to a surplus. Banking system liquidity will likely see a boost from these incoming funds.

The Economic Times

India bonds end week flat, but demand for long notes firms

Indian government bonds traded within a narrow range this past week. Fading inflation and rate-hike concerns left traders seeking market direction. Buyers entered long bonds as the yield curve steepened, attracting value. Rising oil prices exerted some pressure, but liquidity and softer inflation eased worries. Expectations now suggest neither the…

The Economic Times

Man loses Rs 9,800 after scratching a fake UPI cashback card; consumer commission orders Federal Bank to pay 17,800; know why

A man lost Rs 9,854 after falling for a fake UPI cashback scratch card scam. Federal Bank initially refunded the amount as required under RBI guidelines, then quietly reversed the credit weeks later, blaming the customer. A Kerala consumer commission has now ordered the bank to restore the full amount…

The Economic Times

Read news from The Economist, FT, and more,
with one subscription

Independence Day 2026: A 1968 gold ban that turned every Indian household into an underground vault

In 1968, the Gold (Control) Act restricted gold ownership and capped jewellery purity at 14 karats to curb imports and conserve foreign exchange. Instead of reducing demand, the law pushed gold underground, with households hiding jewellery and smugglers building a parallel market.

The Economic Times

Indian bonds mirror gains in Treasuries as oil slips

Indian government bonds saw a modest rise on Thursday, reflecting trends in U.S. Treasury yields. Easing crude oil prices have lessened inflation fears, enhancing the bond market's optimism. Investors seem relieved about the likelihood of less aggressive interest rate increases from the Federal Reserve. With India's retail inflation landing below…

The Economic Times

Indian bank deposits jump by $115 billion over three fortnights to record high

Indian banking system deposits have reached a record high after recent significant growth. This surge is primarily supported by dollar inflows into banks from a central bank scheme. The Reserve Bank of India's foreign-currency non-resident scheme attracted substantial foreign currency deposits. These inflows have helped boost overall banking system deposits…

The Economic Times

Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversion

A parliamentary panel has backed govt efforts to improve insolvency recovery, seeking urgent action to prevent fund diversion during insolvency proceedings. The committee noted a significant gap between avoidance transaction values and actual recoveries.

The Economic Times

RBI issues directions on fixed, floating rate loans: What changes for home, personal, MSME loans and existing borrowers

The Reserve Bank of India has proposed a new framework for loan interest rates. This framework aims to bring more uniformity and transparency to lending practices. Floating rate loans will see increased transparency and stricter reset periods. Personal and MSME loans from commercial banks must link to external benchmarks. These…

The Economic Times

Hidden risks of FCNR (B) deposit investment and leverage: Why high interest rates may not tell the full story

FCNR(B) deposits have become attractive to investors looking for significant returns in US dollars, largely thanks to government hedging strategies. However, experts warn that investors must be aware of currency and liquidity risks. While leverage can enhance profits, it can also lead to considerable financial losses. Additionally, taxation can bite…

The Economic Times

From a shoe to RBI vault: The journey of the cursed Jacob diamond

The 184.75-carat Jacob Diamond is one of the world’s largest polished diamonds and is known for its unusual journey through Hyderabad’s royal court. Believed to have originated in the Golconda region, it was acquired by jeweller Alexander Malcolm Jacob, who tried to sell it to the sixth Nizam, Mir Mahboob…

The Economic Times

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

Man found Rs 1.3 lakh missing from SBI bank account: Rs 80,000 ATM withdrawal, Rs 50,000 transfer made without his authorisation; consumer commission upholds Rs 1.3 lakh refund

A man's SBI bank account was drained of Rs 1.3 lakh through four unauthorised ATM withdrawals and two transfers he says he never made. SBI failed to produce CCTV footage or transaction records before the commission. The Delhi State Consumer Commission has now dismissed SBI's appeal and upheld the full…

The Economic Times

Why Tata Sons is facing pressure to list and what after Chandrasekaran resigns

Tata Sons Chairman N Chandrasekaran is preparing to step down after nearly a decade, putting succession, Tata Sons listing and the balance of power with Tata Trusts under scrutiny. The Tata Trusts hold 66% of Tata Sons, while Shapoorji Pallonji Group owns 18.4%. RBI rules could pressure Tata Sons to…

The Economic Times

RBI turns upbeat as worst of Iran war shock recedes

India’s economy is showing resilience five months after the Iran war sparked fears of inflation and a downturn. Inflation remains within the RBI’s tolerance band, while vehicle sales, credit growth and GST receipts point to firm demand. Strong corporate balance sheets and festive-season spending are further bolstering optimism despite renewed…

The Economic Times

Karnataka Bandh 2026 today: Are banks closed on Thursday, August 13, 2026? Check bank holiday status

Karnataka Bandh: Banks in Karnataka will remain open on Thursday, August 13, 2026? The Reserve Bank of India calendar shows banks closed only in Manipur on this day. Customers can proceed with their banking plans as usual across Karnataka.

Get all your
news in one place.

100's of premium titles.
One news app.

The Economic Times

Defaulted on your loan? Here's what banks can legally do and what they can't

Missing a single loan EMI doesn't lead to immediate bank intervention; instead, lenders often issue reminder calls and formal notices first. For secured loans, repossession of assets follows legal procedure, while unsecured loans depend on collection efforts. Recovery agents must uphold borrower dignity, refraining from harassment. Engaging proactively with lenders…

The Economic Times

Inflation likely to rise from here as food prices remain key risk: Experts

Retail inflation in India is projected to increase in upcoming months. Food prices are the primary driver, though inflation should stay below six percent. Analysts anticipate the Reserve Bank of India will maintain its current policy stance. Supply-side factors like tomato and onion costs are influencing current price increases. Geopolitical…

The Economic Times

RBI invites public comments on draft rules to standardise how lenders set interest rates

The Reserve Bank of India has proposed new rules for loan interest rates. These directions aim to harmonize lending practices across various financial entities. Benchmark-linked lending and interest calculation methods will see stricter regulations. The proposed framework will take effect from April 1, 2027. Public consultation on these draft amendments…

The Economic Times

Karnataka Bandh on August 13, 2026: Are banks open or closed on Thursday? Check bank holiday status

Bank customers in Karanata may be wondering whether the statewide bandh will affect their offline banking services. Pro-Kannada organisations have called for a Karnataka bandh over the Cauvery water dispute, while also demanding progress on some projects in Karnataka.

The Economic Times

India’s July inflation quickens to 4.45% from 4.38% in June, stays above RBI target

India saw its retail inflation rise to 4.45 percent in July compared to June's 4.38 percent, largely due to rising food prices, which are keeping consumer costs elevated. The Reserve Bank of India has adjusted its inflation prediction for FY27 down to five percent. Excluding precious metals, core inflation seems…

The Economic Times

Rupee nudges up on RBI intervention; investors eye inflation data

The Indian rupee finished the day marginally higher, propelled by ongoing tensions in the Middle East. Continuous interventions from the central bank have provided support against the U.S. dollar. Traders remain watchful as critical inflation data from India and the U.S. approaches. Throughout August, the central bank has actively engaged…

The Economic Times

When will government issue plastic currency notes? Minister reveals this in Parliament

The circulation of plastic currency notes is set to begin in the next financial year, as confirmed by the Reserve Bank of India's governor following a recent policy meeting. The government has greenlit the RBI's proposal for field trials, with the procurement of these polymer banknotes currently underway. However, specific…

1 … 7 8 9 10

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

the Reserve Bank of India

340 stories

Reserve Bank of India

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.