375 news articles10 Dec 2025 to 07 Nov 2026
Every DailyConnects briefing covering Reserve Bank of India, in order, with exam-focused key numbers. Grouped purely by entity identity — never mixed with similar-but-unrelated news.
Housing and Urban Development Corporation (HUDCO) has raised USD 2 billion under the RBI's concessional forex swap window, with another USD 500 million tied up …
$2 bnIndia's foreign exchange reserves dropped by $2.691 billion to $717.056 billion during the week ended October 30, as per the Reserve Bank of India (RBI). In the…
$2.691 bnThe Reserve Bank of India (RBI) released the provisional results of the 2025-26 round of its annual Census on Foreign Liabilities and Assets (FLA), covering cro…
₹16.71 LOverall NBFC credit outstanding grew 15.4 per cent year-on-year to Rs 61.69 lakh crore in September 2026 from Rs 53.46 lakh crore a year ago, accelerating from …
15.4%The Reserve Bank of India (RBI) has reviewed extant guidelines on Priority Sector Lending (PSL) and placed draft Directions on its website for public comments a…
On 4 November 2026, Competition Commission of India (CCI) approved the acquisition of Deutsche Bank's Retail Banking, Private Banking and Wealth Management busi…
The Reserve Bank of India (RBI) constituted the Technical Consultative Committee for Financial Markets (TCCFM), announced on November 4, 2026, pursuant to the S…
The National Payments Corporation of India (NPCI) has established a new wholly owned subsidiary named NPCI Tech Solutions Limited (NTSL) to focus on artificial …
The Reserve Bank of India (RBI) issued the Foreign Exchange Management (Export and Import of Goods and Services) (Second Amendment) Regulations, 2026, notified …
The Reserve Bank of India (RBI) recorded an outstanding net short dollar position of $239.2 billion in the forward market at the end of September. The net short…
$239.2 bnOutward remittances under the Reserve Bank of India's (RBI) Liberalised Remittance Scheme (LRS) crossed $20 billion during January-August 2026, reaching approxi…
$20 bnA three-judge Supreme Court bench headed by Chief Justice of India Surya Kant, with Justices Joymalya Bagchi and V Mohana, pulled up the Reserve Bank of India (…
Total financial resources flowing to the commercial sector from banks and non-bank sources reached ₹17.5 lakh crore during April-August FY27, compared to ₹11.2 …
₹17.5 LIndia's foreign exchange reserves fell by $1.269 billion to $719.748 billion, according to the RBI data reported on October 30, 2026. The reserves had previousl…
$1.269 bnBank credit grew at an annual rate of 17.94% to reach ₹232.54 lakh crore as of October 15, 2026. Bank deposits grew at 16.6% to stand at ₹284.37 lakh crore as o…
₹232.54 LThe Reserve Bank of India (RBI) released data on sectoral deployment of bank credit for September 2026, collected from 41 select scheduled commercial banks acco…
95%The Finance Ministry has established the High Level Committee on Banking for Viksit Bharat to recommend structural, institutional, regulatory, and legislative r…
Reserve Bank of India (RBI) data released on October 30, 2026 shows large industry loans rose 16% to ₹33 lakh crore in the fortnight ended September 30, 2026, t…
₹33 LThe Ministry of Finance raised India's GDP growth forecast for FY 2026-27 (FY27) to 7.3% from the 6.8-7.2% estimated in the Economic Survey in February 2026, ba…
7.3%Indian companies registered external commercial borrowings (ECBs) worth USD 8.13 billion in August 2026, as per Reserve Bank of India (RBI) data released on Oct…
$8.13 bnOutward remittances by resident Indians rose to USD 2.7 billion in August 2026 from USD 2.6 billion in July, according to Reserve Bank of India (RBI) data colla…
$2.7 bnTracked green finance for emission reduction in India grew from $50 billion in 2021-22 to $81.9 billion in 2023-24, as per the fourth edition of the 'Landscape …
$50 bnIndia's gross FDI inflows rose 67.7% to $11 billion in August, while net inflows stood at $3.3 billion against net outflows of $103 million in August 2025. Gros…
$11 bnThe Government of National Capital Territory (NCT) of Delhi notified the formation of three new districts—Old Delhi, Central North, and Outer North—and the cess…
Skydo received final authorization from the International Financial Services Centres Authority (IFSCA) to function as a Payment Service Provider (PSP) in Gujara…
$1 bnThe Reserve Bank of India (RBI), by notification RBI/2026-27/301 dated October 27, 2026, informed regulated entities of updates to the United Nations Security C…
Anup Bagchi assumed office as Managing Director and Chief Executive Officer of HDFC Bank on October 27, 2026. He succeeded Sashidhar Jagdishan, whose tenure end…
Union Finance Minister Nirmala Sitharaman stated that the Unified Payments Interface (UPI) has emerged as the world's largest real-time payment system, processi…
The Reserve Bank of India (RBI) study found that banks transmit monetary policy changes more fully during a tightening cycle than during an easing cycle. During…
76.4%Prime Minister Narendra Modi inaugurated the Reserve Bank of India's ₹169-crore data centre and Cybersecurity Training Institute in Bhubaneswar, Odisha, on Octo…
₹169The Reserve Bank of India recorded a record net purchase of $43.26 billion in the spot foreign exchange market during August. Foreign exchange reserves did not …
$43.26 bnReserve Bank of India (RBI) Governor Sanjay Malhotra defended the classification of Tata Sons as an upper-layer NBFC, stating that large NBFCs and core investme…
5.1%Banks passed on 93 basis points of lending rate reductions to borrowers. This action followed the Reserve Bank of India's (RBI) cumulative 125 basis points cut …
The Indian Institute of Corporate Affairs (IICA), an autonomous body under the Ministry of Corporate Affairs, signed a Memorandum of Understanding (MoU) with th…
Strong domestic demand, services activity, and exports supported India's economic momentum despite rising inflation and geopolitical tensions. Headline Consumer…
5.5%India's foreign exchange reserves declined by $5.011 billion to $721.016 billion in the week ended October 16, according to Reserve Bank of India (RBI) data rel…
$5.011 bnThe Reserve Bank of India (RBI) issued final norms requiring global systemically important banks (G-SIBs) operating in India to maintain a minimum leverage rati…
3.5%The Reserve Bank of India (RBI) issued an advisory on October 19 directing banks, payment system operators and other regulated entities to treat their technolog…
Union Finance Minister Nirmala Sitharaman chaired the 30th meeting of the Financial Stability and Development Council (FSDC) in New Delhi on October 23, 2026. T…
The Reserve Bank of India (RBI), vide A.P. (DIR Series) Circular No. 28/2026-27 dated October 23, 2026, delegated powers to compound certain contraventions unde…
A Reserve Bank of India (RBI) study, published in the RBI October Bulletin, found that combining satellite-based night-time lights with Google search data can r…
62%The Government of India and Life Insurance Corporation of India (LIC) will become public shareholders in IDBI Bank after the strategic sale, with equity holding…
₹53,000 crThe Reserve Bank of India (RBI) has issued banks a detailed and standardised checklist for scrutinising large-value overseas direct investments (ODIs) by Indian…
$1 bnIndia confirmed the first rollover of its Rs 3,000 crore currency swap arrangement with Maldives, effective from October 23, 2026, at the request of the Maldivi…
$1.1 bnThe Income Tax Department has notified exemption of tax on interest earned from Maharaja Bonds issued by the New Development Bank (NDB), covering resident India…
₹25,000 crPublic sector banks recorded their highest-ever net profit of Rs 1.98 lakh crore in FY 2025-26, according to the finance ministry. The gross non-performing asse…
1.93%India's foreign exchange reserves fell by $8.578 billion to $726.027 billion in the week ended October 9, according to data released by the Reserve Bank of Indi…
$8.578 bnThe Reserve Bank of India (RBI) has sanctioned the Scheme of Amalgamation of the Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank L…
NovaFusion Capital, the lending subsidiary of Astranova Mobility, received approval from the Reserve Bank of India (RBI) to operate as a Non-Banking Financial C…
India's current account deficit narrowed to $5.2 billion in August 2026 from $6.1 billion a year ago, according to preliminary Reserve Bank of India (RBI) data.…
$5.2 bnIndia's banking system deposits hit a record ₹284 trillion (about $2.99 trillion) in the second half of September, as per Reserve Bank of India (RBI) data. The …
₹284The Reserve Bank of India (RBI) issued FAQs clarifying that the 20% Foreign Exchange Risk Reserve (FERR) requirement applies to rupee-linked derivative contract…
$2 mnSecurities and Exchange Board of India (Sebi) has written to the Insurance Regulatory and Development Authority of India (Irdai) chairman seeking inclusion of i…
The Supreme Court upheld the Bombay High Court's January 20, 2023 judgment setting aside Yes Bank's ₹8,415-crore Additional Tier 1 (AT1) bond write-off announce…
₹8,415The International Monetary Fund (IMF) on October 15, 2026 said India's updated GDP calculation methodology aligns with best practices and is entirely consistent…
7%The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, approved the sale of a 60.72% stake in IDBI Bank to Canada-based Fair…
₹52,878 crThe International Monetary Fund (IMF), in its World Economic Outlook released during its annual meetings in Bangkok, raised India's GDP growth forecast for FY27…
7%The Ministry of Cooperation has mandated the Multi-State Co-operative Societies (Auditor's Report) Order, 2026 (MSCARO, 2026) to strengthen transparency, accoun…
₹1,000 crThe Reserve Bank of India (RBI) widened the scope of the 20% cash deposit (Foreign Exchange Risk Reserve) requirement to cover all foreign exchange derivative c…
20%India's retail inflation, based on the Consumer Price Index (CPI), rose to 5.54% in September 2026 from 4.83% in August, remaining just within the Reserve Bank …
5.54%The Reserve Bank of India's (RBI) latest Services and Infrastructure Outlook Survey projects a positive demand outlook for India's services sector in Q3FY27, th…
8.7%The Reserve Bank of India (RBI) has raised the minimum daily Cash Reserve Ratio (CRR) maintenance requirement for scheduled banks to 99 per cent from the existi…
99%The Reserve Bank of India (RBI) on Saturday, October 10, 2026, announced restrictive measures on foreign exchange derivative contracts involving the rupee to st…
$100 mnThe GST Council, chaired by Union Finance Minister Nirmala Sitharaman, at its 57th meeting on October 8 approved proposals to rationalise input tax credit (ITC)…
₹7,500The Reserve Bank of India (RBI), in its October Monetary Policy Report, stated that the weighted share of CPI items priced above the 4 per cent target rose from…
4%The Reserve Bank of India's (RBI) September 2026 Inflation Expectations Survey of Households showed median one-year-ahead inflation expectations rising 60 basis…
10%The Reserve Bank of India's (RBI) six-member Monetary Policy Committee (MPC) unanimously raised the repo rate by 25 basis points to 5.50% on October 7, 2026, th…
₹1 LIndia's foreign exchange reserves fell for a fourth consecutive week to $734.6 billion, down about $50 billion from the recent peak of $785.71 billion on Septem…
$734.6 bnNon-banking financial companies' (NBFC) credit growth accelerated to 15.8% year-on-year in August 2026 from 10% a year earlier, according to Reserve Bank of Ind…
15.8%The Reserve Bank of India (RBI) revised the Bank Rate upwards by 25 basis points from 5.50 per cent to 5.75 per cent with immediate effect, as announced in the …
5.50%The Reserve Bank of India (RBI) released the results of eight forward-looking surveys, including the Urban Consumer Confidence Survey (UCCS) September 2026, Inf…
The Reserve Bank of India (RBI) released the Reserve Bank of India (Commercial Banks – Forthcoming Instructions) Amendment Directions, 2026, finalising the fram…
₹25,000 crReserve Bank of India (RBI) issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Twelfth Amendment Directions, 2026 on Oct…
2%The Securities and Exchange Board of India (SEBI) introduced a credit risk-o-meter for debt securities to help investors assess credit risk through colour-coded…
The Reserve Bank of India (RBI) allowed bank deposit details to be included in the Consolidated Account Statement (CAS) provided by entities registered with the…
15%The Reserve Bank of India (RBI) issued the Reserve Bank of India (All India Financial Institutions (AIFIs) – Prudential Norms on Capital Adequacy) Fifth Amendme…
2%The Reserve Bank of India (RBI) issued the Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026 o…
2%The Reserve Bank of India (RBI) issued the Commercial Banks – Miscellaneous Amendment Directions, 2026 on October 7, 2026, under reference RBI/2026-27/285. The …
Reserve Bank of India (RBI) Governor Sanjay Malhotra clarified on October 7, 2026 that individuals need not report transactions of a personal nature, such as pa…
₹10 LThe Reserve Bank of India (RBI) has granted Indiabulls Limited a Certificate of Registration as a Core Investment Company (CIC), bringing it under the central b…
90%India's gross foreign direct investment (FDI) hit $30.66 billion in the first quarter of 2026-27, the strongest quarter in 15 years, surpassing the previous pea…
$30.66 bnThe Reserve Bank of India (RBI) approved Anup Bagchi, currently MD & CEO of ICICI Prudential Life Insurance, as HDFC Bank's new MD and CEO; he takes charge from…
6.01%India's foreign exchange reserves fell by $18.34 billion to $747.56 billion in the week ended September 25, according to data released by the Reserve Bank of In…
$18.34 bnThe Reserve Bank of India (RBI) appointed Sudhakar Malli as Executive Director with effect from October 1. Prior to his promotion, Sudhakar Malli served as Chie…
Bank of India has gone live with User-Level Programmable CBDC and Auto Issuance on its Central Bank Digital Currency (CBDC) platform, built by Montran India, an…
The Reserve Bank of India (RBI) released the indicative calendar of market borrowings by State Governments and Union Territories for the quarter October–Decembe…
₹3,60,820 crThe Reserve Bank of India (RBI) issued A.P. DIR Series Circular No. 23 dated October 01, 2026, on online submission of Form A2 for outward forex remittances. Au…
India's net Foreign Direct Investment (FDI) inflows rose to $7.35 billion in July 2026, the highest monthly inflow since May 2021's $8.80 billion, as per Reserv…
$7.35 bnThe Reserve Bank of India (RBI) fixed the interest rate on the Government of India Floating Rate Bond 2028 (FRB 2028) at 6.45 per cent per annum for the half ye…
6.45%The Reserve Bank of India (RBI) issued final Amendment Directions simplifying the approval process for subsequent acquisitions of major shareholding in a bankin…
National Bank for Financing Infrastructure and Development (NaBFID) raised $750 million through its debut 10-year US dollar benchmark bond, priced at 105 basis …
$750 mnThe Reserve Bank of India (RBI), under its ongoing initiative to rationalise the regulatory framework, reviewed instructions on currency management related matt…
₹500The Reserve Bank of India (RBI) issued the Master Circular on Credit Facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) on October 01, 2026 (RBI/2026…
₹15,000Anup Bagchi has been appointed Managing Director and Chief Executive Officer of HDFC Bank for a three-year term effective October 27, 2026, after receiving Rese…
15%The Reserve Bank of India (RBI) approved the appointment of Anup Kumar Saha as the new MD & CEO of Kotak Mahindra Bank for a three-year period, effective Januar…
₹10.1The Reserve Bank of India (RBI)-appointed Advisory Committee on Ways and Means Advances (WMA) to State Governments proposed raising the aggregate WMA limit for …
₹67,839 crNew Reserve Bank of India (RBI) rules changing how banks disclose interest rates on large fixed deposits take effect from October 1, 2026, bringing in daily rat…
₹3 crIndia's outward remittances under the Liberalised Remittance Scheme (LRS) rose around 1 per cent month on month to USD 2.6 billion in July 2026, according to a …
$2.6 bnSamvriddhi Inclusive Growth Network Pvt. Ltd. (SIGN), a Corporate Business Correspondent focused on last-mile financial inclusion, received in-principle authori…
The Centre lowered its FY27 gross market borrowing estimate to ₹15.995 trillion through dated securities, about ₹1.205 trillion below the original budget estima…
₹15.995Bengaluru-based fintech PayGlocal has received in-principle approval from the International Financial Services Centres Authority (IFSCA) to establish a wholly o…
The Asian Development Bank (ADB) raised India's GDP growth forecast for FY2026-27 (FY27) to 7 per cent, up from 6.6 per cent projected in July, citing stronger-…
$740.8 bnThe Reserve Bank of India (RBI) has revised valuation norms for Infrastructure Investment Trust (InvIT) and Real Estate Investment Trust (REIT) units held by al…
₹1RNFI Money Pvt Ltd, a wholly owned subsidiary of RNFI Services Ltd, received Reserve Bank of India (RBI) approval to undertake cross-border trade remittances. T…
The Reserve Bank of India (RBI) issued the Reserve Bank of India (Commercial Banks - Minimum Capital Requirements for Market Risk) Directions, 2026 on September…
S&P Global Ratings raised India's GDP growth forecast for FY27 (fiscal year ending March 31, 2027) to 7 per cent from 6.6 per cent earlier, citing robust indust…
7%Fitch Ratings raised India's FY27 GDP growth forecast to 6.9% from 6.4%, citing stronger-than-expected economic activity and resilience despite the US-Iran war …
6.9%The government has operationalised the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) guarantee cover for eligible Trade Receivables Disco…
The Reserve Bank of India (RBI) cancelled the certificates of registration of five non-banking financial companies (NBFCs): Dar's Financial Services, Rolta Hold…
Moody’s Ratings has increased its real GDP growth forecast for India for the 2026-27 fiscal year to 7% from the previous estimate of 6%. The revised growth proj…
7%Global Fintech Fest (GFF) 2026 was held from September 8 to 11 at the Jio World Centre in Mumbai, Maharashtra, and was inaugurated by Prime Minister Narendra Mo…
10%Forbes released its World’s Top Performing Banks 2026 list, in which India’s HDFC Bank secured the 3rd rank and is the only Indian bank in the global top 10. Th…
$525 bnThe US Federal Reserve raised interest rates by 25 basis points, the first hike under Fed Chair Kevin Warsh, with a unanimous vote and median dots projecting on…
₹2.41N Chandrasekaran was reappointed as Chairman of Tata Sons for a period of 5 years. The reappointment came almost a month after Chandrasekaran announced in Augus…
₹15,000India's Consumer Price Index (CPI)-based retail inflation rose to 4.82% in August 2026 from 4.45% in July 2026, while food inflation increased to 5.95% from 5.5…
4.82%The Central government has barred banks and payment system providers from levying charges on Unified Payments Interface (UPI) transactions of up to Rs 2,000 and…
20%The Metropolitan Stock Exchange of India (MSE) facilitated its first tokenised corporate bond under the Securities and Exchange Board of India's (SEBI) Demat 2.…
India's foreign exchange reserves surged a record $44.903 billion in the week to September 4 to $785.706 billion, an all-time high, making India the fourth larg…
$44.903 bnThe National Payments Corporation of India (NPCI) launched UPI Tap & Pay and My UPI, an AI-powered payments assistant, at the Global Fintech Fest in Mumbai on S…
$700 bnRNFI Services has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Physical (PA-P) under the Paymen…
Coastal Local Area Bank Limited, headquartered in Vijayawada and the first bank of its kind in the country, has attained Scheduled Bank status. The bank has bee…
16.25%India secured USD 1 billion from the International Finance Corporation (IFC) to provide long-term credit to MSMEs through banks and financial institutions. The …
$1 bnIndia's foreign exchange reserves climbed to a fresh all-time high of $740.8 billion in the week ending August 28. The reserves rose $11.48 billion during the w…
$740.8 bnLife Insurance Corporation of India (LIC) received Reserve Bank of India (RBI) approval to acquire up to 9.99% of ICICI Bank's paid-up share capital or voting r…
9.99%India's BRICS Chairship is hosting the $1 trillion Global Sovereign Capital Summit. The founding iBRICS Summit 2026 will be held in New Delhi, with over 500 top…
$1 tnAs of 31 August 2026, 20 IFSC Banking Units (IBUs) at GIFT IFSC sanctioned USD 54.02 billion under the Reserve Bank of India's (RBI) special swap facility for F…
$54.02 bnCarol Kripanayana Furtado was appointed as Interim Chief Executive Officer (CEO) of Ujjivan Small Finance Bank (SFB), effective from September 1, 2026. The Rese…
India's current account deficit (CAD) widened to $4.2 billion (0.5% of GDP) in Q1 2026-27 from $3.4 billion (0.4% of GDP) in Q1 2025-26. The merchandise trade d…
$4.2 bnSuman Ray was appointed as Executive Director of the Reserve Bank of India (RBI) with effect from September 1, 2026. Prior to this appointment, he served as Reg…
NPCI International Payments Ltd (NIPL) and Uzbekistan's National Interbank Processing Centre (NIPC) have entered a commercial partnership to enable UPI payments…
The National Statistics Office (NSO) estimated India's real GDP growth at 7.8% in Q1 FY27, with real GDP at Rs 81.36 lakh crore against Rs 75.46 lakh crore in Q…
7.8%Kissht, an RBI-registered NBFC, has announced Sachin Tendulkar as its brand ambassador for a three-year period. The campaign is titled ‘Loans Without Any Hiccup…
Sashidhar Jagdishan will retire as Managing Director and CEO of HDFC Bank in October 2026. He conveyed his decision not to seek reappointment to the board, desp…
The Reserve Bank of India (RBI) allowed banks to access its concessional dollar-rupee swap facility for FCNR(B) deposits exceeding USD 100 million without waiti…
$100 mnBusiness Standard's India State Fiscal Health Tracker, based on the Reserve Bank of India (RBI) 2025 Handbook of Statistics on Indian States, ranks Delhi highes…
93.2%India's foreign exchange reserves hit a record $729.3 billion in the week ended August 21. The reserves rose by $12.4 billion, surpassing the previous high of $…
$729.3 bnFino Payments Bank board extended Ketan Merchant's tenure as interim CEO for three months effective August 27, 2026. The extension is subject to approval of the…
Annie George Mathew, Janmejaya Kumar Sinha, and Syed Akbaruddin were appointed as part-time non-official directors on the Central Board of the Reserve Bank of I…
DGFT amended the Foreign Trade Policy 2023 to align with RBI regulations on export invoicing. Rupee payments for exports to all countries except Nepal and Bhuta…
The Unified Payments Interface (UPI) was launched on August 25, 2016, completing a decade of operations in 2026. UPI was developed by the National Payments Corp…
49%The Reserve Bank of India (RBI) introduced the Lending Against Gold and Silver Collateral Directions, 2025, enabling eligible regulated lenders to accept silver…
₹2,000The Reserve Bank of India (RBI) has approved Life Insurance Corporation of India's (LIC) application to acquire up to 9.99% of HDFC Bank's paid-up share capital…
9.99%Paramotor Digital Technology Ltd has entered into a co-branded partnership agreement with NSDL Payments Bank to issue prepaid cards across India. The partnershi…
Somanath Sreedhara Panicker was appointed as a part-time non-official director on the Central Board of the Reserve Bank of India (RBI) for a period of four year…
Paul Merchants Finance Private Limited (PMFPL), a diversified NBFC and part of the Paul Merchants Group, has launched its Loan Against Silver product. The Reser…
₹2,000The Reserve Bank of India (RBI) has approved Life Insurance Corporation of India's (LIC) application to acquire up to 9.99% of HDFC Bank's paid-up share capital…
9.99%S. Somanath, former chairman of the Indian Space Research Organisation (ISRO), was appointed as a part-time non-official director on the central board of the Re…
India Ratings and Research (Ind-Ra) raised India's FY27 real GDP growth forecast by 10 basis points to 6.8% from 6.7%. Ind-Ra lowered its baseline crude oil pri…
$85 mnThe Reserve Bank of India (RBI) imposed a monetary penalty of ₹59.20 lakh on IndusInd Bank Limited. The penalty was levied for non-compliance with RBI direction…
₹59.20 LShabnam Sinha will succeed Sunil Bharti Mittal as non-executive chairperson of Airtel Payments Bank Limited. Sunil Bharti Mittal will step down from the board e…
India's retail inflation rose to 4.45% in July 2026 from 4.38% in June, according to government data. Food inflation, measured by the Consumer Food Price Index …
4.45%Union Home Minister Amit Shah inaugurated the National Urban Cooperative Finance and Development Corporation (NUCFDC) new office premises at Sharada Sadan in Fo…
NABARD, with support from the Gates Foundation and Dalberg Advisors, announced the winners of the National Climate Stack Innovation Challenge. The challenge was…
State Bank of India (SBI) research projects India's GDP growth at 8% for the April-June quarter of FY27. The SBI projection is sharply higher than the Reserve B…
8%The Reserve Bank of India (RBI) released the 101st Survey of Professional Forecasters (SPF) conducted in July 2026. The SPF projected FY27 real GDP growth at 6.…
6.6%The Reserve Bank of India (RBI) has granted a perpetual license to Indel Remit, an arm of Indel Money, to offer trade remittance services. Indel Remit, headquar…
₹25 LUnion Home and Cooperation Minister Amit Shah launched ‘Bank in a Box’ and the Security Operations Centre under the National Urban Cooperative Finance and Devel…
100%The Reserve Bank of India (RBI) published the updated list of upper-layer non-banking financial companies (NBFC-UL) for 2026-27 (FY27), containing 17 entities. …
₹1The Lok Sabha passed the Taxation and Other Laws (Amendment) Bill, 2026, which amends the Payment and Settlement Systems Act, 2007. The bill empowers the centra…
The Reserve Bank of India (RBI) issued new loan recovery directions on August 6, 2026. The new loan recovery rules will come into effect from January 1, 2027. R…
The Reserve Bank of India (RBI) has decided to resume licensing of urban cooperative banks (UCBs) on an 'on tap' basis after a two-decade pause. The decision fo…
₹300 crThe Reserve Bank of India (RBI) granted GlobalPay an expanded Authorised Dealer Category II (AD II) licence under FEMA 2026. The licence enables GlobalPay to of…
₹25 LThe Reserve Bank of India (RBI), at its August 2026 Monetary Policy Committee (MPC) meeting, kept the repo rate unchanged at 5.25% for the fourth consecutive me…
5.25%The Supreme Court directed the Reserve Bank of India (RBI) to frame a standard operating procedure (SOP) within four weeks for dealing with mule bank accounts u…
₹10 crIndia has achieved 99.92% banking coverage, with 6,00,868 out of 6,01,328 inhabited villages served by a banking outlet within a 5 km radius. Banking outlets in…
₹3,12,414 crIndia's economy is likely to have expanded by around 7% in the April-June quarter of FY27. SBI Research expects the Reserve Bank of India (RBI) to keep policy r…
₹74,200 crThe Reserve Bank of India (RBI) appointed Monisha Chakraborty as Executive Director with effect from August 3, 2026. Prior to this, she served as Chief General …
The Favara-UPI cross-border payment corridor was operationalized on July 30, 2026, enabling real-time transfers from Maldivian Rufiyaa (MVR) to Indian Rupees (I…
The Reserve Bank of India (RBI) has proposed that all securitisation notes issued by commercial banks be in dematerialised form. The RBI has retained the minimu…
₹1 crBanks in India collected over ₹7,086 crore in penalties for non-maintenance of minimum balance in savings and current accounts during FY26. Private sector banks…
₹7,086 crState Bank of India (SBI) plans to raise ₹50 billion ($517.76 million) through Basel III-compliant Additional Tier I (AT-1) perpetual bonds with a five-year cal…
₹50Oil marketing companies will revise domestic (14.2 kg) and commercial (19 kg) LPG cylinder prices on August 1, 2026, based on international energy prices. India…
₹5,000The Delhi High Court ordered the winding up of Paytm Payments Bank Limited (PPBL) and appointed former State Bank of India (SBI) Chief General Manager Girikumar…
Axis Finance Limited (AFL) has launched a configurable digital platform named Axis Finance Drishti to enhance credit-decisioning and risk oversight in retail an…
OmniCard (Eroute Technologies Pvt. Ltd.) is an RBI-licensed Prepaid Payment Instrument issuer. The Flexi Benefits Basket on UPI allows employees to allocate ben…
₹50The Reserve Bank of India (RBI) has approved Areion Group's Rs 936 crore acquisition of Aviom India Housing Finance. RBI also granted fit-and-proper approval to…
65%The Reserve Bank of India (RBI) granted EbixCash World Money Ltd a perpetual Authorised Dealer Category-II (AD-II) licence with permission to handle trade remit…
₹25 LThe Department of Land Resources (DoLR) under the Ministry of Rural Development and the RBI Innovation Hub (RBIH) held a high-level meeting to integrate digital…
India’s outward foreign direct investment (FDI) declined by 47.9% year-on-year to USD 3 billion in June 2026 from USD 5.74 billion in June 2025. Outward FDI in …
$3 bnThe Reserve Bank of India (RBI) launched a concessional swap facility on June 5, 2026, which became operational on June 8, 2026. As of July 17, 2026, the facili…
$20.718 bnThe Reserve Bank of India (RBI) released the June 2026 Financial Stability Report (FSR) on June 30, 2026, stating the financial system is resilient and well cap…
1.8%The Reserve Bank of India (RBI) introduced the Specified Non-Financial Assets (SNFAs) framework for immovable assets acquired from defaulting borrowers by banks…
The Reserve Bank of India (RBI) granted a Certificate of Registration as a Type II NBFC-ND to Delhivery Financial Services Private Limited, a wholly owned subsi…
₹2,850 crThe Reserve Bank of India (RBI) Financial Inclusion Index (FI-Index) rose to 70.0 in March 2026 from 67.0 in March 2025. The FI-Index increased by 4.48 percent …
US Federal Reserve Chairman Kevin Warsh announced the leaders of five task forces to examine the central bank’s monetary policy approach. Three Indian-origin ex…
The Ministry of Micro, Small and Medium Enterprises (MSME) has made it mandatory to use the Trade Receivables Discounting System (TReDS) platforms for settlemen…
The Reserve Bank of India (RBI) launched three key surveys on 9 July 2026 to provide critical inputs for formulating monetary policy. The July 2026 round of the…
The International Monetary Fund (IMF) projects India's economy to grow by 6.4% in FY26-27 and 6.7% in FY27-28 in its July 2026 World Economic Outlook (WEO) Upda…
6.4%India climbed to the 11th position among global foreign direct investment (FDI) recipients in 2025, with inflows rising to $38.89 billion from $27.09 billion in…
$38.89 bnThe Reserve Bank of India (RBI) imposed a total monetary penalty of ₹66.7 lakh on Bank of Baroda and GIC Housing Finance for non-compliance with regulatory norm…
₹66.7 LThe Competition Commission of India (CCI) approved the proposal of Germany-based DWS Group to acquire a 40 per cent equity stake in Nippon Life India AIF Manage…
40%The Reserve Bank of India (RBI) implemented the revamped Integrated Ombudsman Scheme on 1 July 2026. The scheme covers banks, eligible Non-Banking Financial Com…
₹30 LThe Finance Ministry has kept interest rates unchanged for all major post office small savings schemes for the July-September quarter of financial year 2026-27.…
4%Ravi Shankar has been appointed as the Executive Director (ED) of the Reserve Bank of India (RBI) with immediate effect. Shankar will be responsible for oversee…
India's fiscal deficit for the first two months of Financial Year 2026-27 (FY27) stood at ₹1.62 lakh crore, accounting for 9.6% of the full-year budget estimate…
₹1.62 LPayGlocal has launched Google Pay Card Payments on its International Payment Gateway, becoming one of the first Indian payment platforms to enable Google Pay fo…
87%Kakinada Cooperative Town Bank attained Tier-III status under Reserve Bank of India (RBI) norms after its total deposits crossed ₹2,000 crore. The bank is the s…
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