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RARE PHOTOS: The reserve bank of india | Vintage Vibes

PFC raises USD 300 mn via bonds carrying floating interest rates

Power Finance Corporation has successfully secured USD 300 million via floating rate notes set to mature in July 2029. These instruments adhere to the Reserve Bank of India's guidelines for external borrowing. The funds raised will be allocated effectively in accordance with these regulations, with the bonds slated for listing…

The Economic Times

TVS Venu Group firm Home Credit India to acquire Varthana Finance for Rs 967 crore

Home Credit India Finance will acquire Varthana Finance for Rs 967 crore. This all-cash transaction is subject to regulatory approvals from the Reserve Bank of India. The acquisition will strengthen TVS Venu Group's financial services sector presence. Varthana Finance specializes in education lending and serves many institutions. This move expands…

The Economic Times

Rupee slides past 96/USD to one-month low as oil climbs; RBI likely intervenes

On Tuesday, the Indian rupee fell to its lowest level in over a month, influenced by soaring oil prices and ongoing tensions in the Middle East. The Reserve Bank of India likely stepped in to stabilize the currency as Indian equities also dipped and bond yields rose. Market observers are…

The Economic Times

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Citi, others dial back India rate hike calls as inflation expected to stay moderate

Controlled inflation prompts economists to delay interest rate hike expectations. Retail inflation rose to 4.38% in June, exceeding the RBI's target. Core inflation remained around 4%, suggesting a lower annual average. This shift means the Reserve Bank of India may not tighten policy soon. Future rate hikes depend on sustained…

The Economic Times

Retail inflation may harden in FY27, RBI could hike rates: Crisil

Retail inflation in India is projected to increase through the fiscal year. Elevated fuel costs and input prices are driving this upward trend. The Reserve Bank of India will monitor inflation closely for policy adjustments. Food prices face pressure from weather-related risks and higher costs. A potential rate hike is…

The Economic Times

RBI Ombudsman scheme 2026: You can get up to Rs 33 lakh compensation for your bank grievances under this scheme

The RBI Ombudsman 2026 scheme offers free grievance redressal for customers. This scheme covers complaints against banks and other regulated entities. Customers can seek compensation up to thirty-three lakh rupees for losses.

The Economic Times

198% return on SGB premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 2.98 lakh; check details

The Reserve Bank of India has set the premature redemption price for SGB 2020-21 Series-IV. Investors can redeem these bonds prematurely from July 14, 2026, after five years. The redemption value is based on the average gold price over three preceding working days.

The Economic Times

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Oil pangs resurface for rupee, options market gauge signals bearish bias

On Monday, the Indian rupee fell to its lowest level in over a month, driven down by rising oil prices amid escalating tensions between the US and Iran. Despite the currency's decline, traders observed that the central bank's potential intervention helped mitigate further losses. Additionally, India's merchandise trade deficit saw…

The Economic Times

India's June retail inflation quickens to 4.38%, crosses RBI's 4% target after 17 months

India's retail inflation reached 4.38 percent in June, exceeding the central bank's target. Elevated food and fuel prices contributed to this significant acceleration in price pressures. The Reserve Bank of India maintained its benchmark repo rate at 5.25 percent during its review. Policymakers are balancing inflation risks with the need…

The Economic Times

Rupee hits one-month low as renewed Mideast conflict lifts oil prices

The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks offered dollars, likely on behalf of the Reserve Bank of India. Markets had anticipated less severe escalation, but this risk is…

The Economic Times

Why is RBI now cutting down its $100 billion short dollar forward position; how will it impact Rupee?

The Reserve Bank of India is carefully unwinding its large bearish dollar position. This move aims to support the rupee without causing market instability. Recent measures are attracting foreign capital, aiding the central bank's strategy. However, the pace of unwinding is crucial to avoid currency depreciation pressure. The RBI faces…

The Economic Times

FM Sitharaman to meet PSB chiefs to review foreign currency deposit drive

Finance Minister Nirmala Sitharaman will meet public sector bank chiefs Monday. They will review efforts to attract foreign currency deposits from overseas Indians. The Reserve Bank of India removed interest rate ceilings on certain deposits. This move aims to boost inflows and encourage external commercial borrowings. Banks will also discuss…

The Economic Times

India's forex reserves rise $7.26 billion to $674.19 billion in week ended July 3

India's foreign exchange reserves saw a substantial rise of $7.26 billion. These reserves reached $674.19 billion in the week ending July 326, 2026. The Reserve Bank of India closely monitors foreign exchange market developments. The RBI intervenes when necessary to ensure orderly market conditions. The central bank refrains from targeting…

The Economic Times

RBI rate hike: Interest burden for Indians may go up later this year amid inflation risks

The Reserve Bank of India is poised to keep its policy rates steady in the short term. Nonetheless, BofA Securities predicts that rising concerns over domestic inflation could lead to increased rates in the future. Revisions to FY27 economic growth projections indicate a stronger demand trend, while external accounts are…

The Economic Times

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The Economic Times

IMF sees India among fastest-growing major economies despite trimming FY27 GDP growth projection to 6.4%

India's economy is anticipated to expand by 6.4 percent in fiscal year 2026-27, bolstered by strong private consumption and active service sectors. Although global growth is predicted to ease to 3.0 percent in 2026, domestic demand is set to drive India's economic growth amidst international uncertainties. The Reserve Bank of…

The Economic Times

Corporate Paper issuances touch 5-yr high at Rs 2.53 lakh crore in June

Indian companies significantly boosted their fundraising via commercial papers in June, reaching a near five-year high. This surge, driven by attractive pricing, seasonal needs, and debt refinancing, saw Rs 2.53 lakh crore raised. Experts note a shift from costlier bank loans to cheaper short-term market funding, supported by ample investor…

The Economic Times

This SGB delivers 190% return on premature redemption date: Gold bond turns Rs 1 lakh investment into Rs 2.90 lakh

Sovereign Gold Bond (SGB) 2020-21 Series-IX investors can now redeem their bonds prematurely from July 4, 2026. The Reserve Bank of India has fixed the premature redemption price at Rs 14,366 per unit, reflecting a significant 190.22% return on the initial investment.

The Economic Times

RBI imposes Rs 66.7 lakh penalty on Bank of Baroda, GIC Housing Finance

The Reserve Bank of India has levied significant penalties on Bank of Baroda and GIC Housing Finance for regulatory breaches. Bank of Baroda faces a Rs 63.6 lakh fine for charging excess interest and delayed KYC record uploads. GIC Housing Finance has been fined Rs 3.1 lakh for failing to…

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The Economic Times

RBI tells parliamentary panel that virtual digital assets like cryptocurrency a threat to economy

The Reserve Bank of India has informed a parliamentary panel that virtual digital assets like cryptocurrency pose a threat to India's developing economy and should not be legalized. Citing concerns over potential use in illegal activities such as terror funding and drug smuggling, the central bank highlighted the difficulty in…

The Economic Times

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

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

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

Clearing Corporation of India receives European Securities authority recognition

The European Securities and Markets Authority has granted essential recognition to India's Clearing Corporation, putting an end to a prolonged dispute. This groundbreaking approval allows the Clearing Corporation of India Ltd (CCIL) to operate under the Reserve Bank of India's regulations, an important advancement for European banks. By signing a…

The Economic Times

India bonds up on oil slump, foreign inflows; 10-year yield posts biggest monthly fall in 7 years

In June, Indian government bonds underwent a remarkable rally, showcasing the largest monthly yield drop for the benchmark 10-year bond in seven years. This upward trend was driven by plunging oil prices and a notable rise in foreign investments, especially via the Fully Accessible Route. The Reserve Bank of India's…

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