255 news articles10 Dec 2025 to 13 Sep 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.
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…
₹2,000 crIndia's external debt reached $762.8 billion by March 2026, with the debt-to-GDP ratio increasing to 20.8%. Long-term debt was placed at $613.5 billion, while t…
$762.8 bnTaxpayers filing ITR-1 and ITR-2 for assessment year 2026-27 must submit returns by July 31, 2026, to avoid penalties of up to ₹5,000 for income exceeding ₹5 la…
₹5,000Rajiv Kumar appointed as Part-time (Non-Executive) Chairman of HDFC Bank for a period of three years, subject to the approval of the Reserve Bank of India (RBI)…
The Reserve Bank of India (RBI) released draft directions to allow All India Financial Institutions (AIFIs), Non-Banking Financial Companies (NBFCs), and corpor…
400%The Reserve Bank of India (RBI) issued the Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026, replacing the February 2022 framework…
₹500 crPaisabazaar, a part of PB Fintech, and SBM Bank India have launched the SBM Paisabazaar Paisa+ Credit Card, a Fixed Deposit (FD)-backed credit card. The credit …
₹2,000The Reserve Bank of India (RBI) injected ₹1,41,171 crore transient liquidity into the banking system through a seven-day variable rate repo (VRR) auction at a c…
₹1,41,171 crS&P Global Ratings (S&P) has projected India's real Gross Domestic Product (GDP) growth to slow to 6.6 per cent for the fiscal year ending March 2027, compared …
6.6%The Reserve Bank of India (RBI) retained the ₹1 lakh crore threshold for classifying upper layer Non-Banking Financial Companies (NBFCs). The threshold will now…
₹1 LThe Reserve Bank of India (RBI) has overhauled its framework for fraudulent electronic banking transactions, applicable to Small Finance Banks and Payments Bank…
₹50,000The Reserve Bank of India (RBI) has established an asset size of ₹1 lakh crore and above as the sole criterion for classifying Non-Banking Financial Companies i…
₹1 LThe Reserve Bank of India (RBI) has prescribed a minimum net worth requirement of ₹25 crore for entities seeking authorisation to set up and operate a Trade Rec…
₹25 crThe Reserve Bank of India (RBI) has issued final directions for the revised Kisan Credit Card (KCC) Scheme, which will come into effect from 1 January 2027. The…
₹2 LThe Reserve Bank of India (RBI) has directed banks to waive collateral security and margin requirements for agricultural loans, including allied activities, up …
₹2 LThe Indian Cyber Crime Coordination Centre (I4C), under the Union Home Ministry, identified an emerging cybercrime trend known as the Boss Scam or CEO impersona…
Reserve Bank of India (RBI) Governor Sanjay Malhotra urged banks and non-banking financial companies (NBFCs) to leverage the digital public infrastructure (DPI)…
₹3.5The Reserve Bank of India (RBI) has issued revised guidelines for the Lead Bank Scheme (LBS) superseding all earlier instructions on the subject. The LBS aims t…
The Reserve Bank of India (RBI) issued the [Commercial Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026, which will be effective from January 2027. The …
₹2 LFederal Bank has introduced the FCNR Max Deposit Scheme in US dollars for Non-resident Indian (NRI) customers, offering an interest rate of 6.25% per annum for …
₹5.78 LThe Reserve Bank of India (RBI) issued the 'Reserve Bank of India [Commercial Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026', applicable from January…
The State Bank of India (SBI) presented a dividend cheque of ₹8,813 crore to the Central government for the financial year 2025-26. The dividend cheque was hand…
₹8,813 crThe Reserve Bank of India (RBI) has cancelled the licence of Gokak, Karnataka-based Shree Mahalaxmi Urban Co-operative Credit Bank due to its worsening financia…
97.9%The Reserve Bank of India (RBI) approved a three-month extension of Keki Mistry's tenure as interim part-time chairman of HDFC Bank until September 18, 2026, or…
₹13The Reserve Bank of India (RBI) issued revised Master Directions on Authorisation to Operate a Payment System under the Payment and Settlement Systems Act, 2007…
20%Bank of Baroda (BoB) has launched the 'bob Golden Goal Deposit Scheme' for retail term deposits with a tenure of 555 days. For callable deposits, BoB offers int…
₹3 crThe Reserve Bank of India (RBI) launched 'RBI Reelathon 2026' in Thiruvananthapuram to raise awareness against cyber-enabled financial frauds among college stud…
The Reserve Bank of India (RBI) has implemented the Foreign Exchange Management (Mode of Payment and Reporting of Non-Debt Instruments) (Amendment) Regulations,…
Tamil Nadu Chief Minister C Joseph Vijay announced a full waiver of crop loans up to ₹75,000 for farmers who availed loans through cooperative banks. The waiver…
₹75,000The Reserve Bank of India (RBI) has imposed several operational restrictions on Mumbai-based Mogaveera Co-operative Bank for a period of six months effective fr…
₹1 LThe National Statistics Office (NSO) reported India's retail inflation rate for May at 3.93 per cent, up from 3.48 per cent in April, marking the fifth print un…
3.93%The Reserve Bank of India (RBI) has issued final amendments permitting commercial banks to lend to Real Estate Investment Trusts (REITs) and Infrastructure Inve…
20%Sanjay Lohiya, Secretary of the Department of Financial Services (DFS), Ministry of Finance, has been nominated to the central boards of the Reserve Bank of Ind…
The Reserve Bank of India (RBI) introduced a US dollar-rupee forex swap facility for fresh Foreign Currency Non-Resident (Bank) [FCNR (B)] deposits to attract f…
$1 mnThe Reserve Bank of India (RBI) has recognised Sahamati Foundation as the Self-Regulatory Organisation (SRO) for the Account Aggregator (AA) ecosystem. The RBI …
India logged a current account surplus of $7.1 billion (0.7% of GDP) in the fourth quarter of FY26, compared to a deficit of $13.2 billion in the third quarter.…
$7.1 bnFitch Ratings (Fitch) has lowered India's Gross Domestic Product (GDP) growth projection for the financial year 2026-27 (FY27) to 6.4 per cent from the previous…
$87 mnThe Reserve Bank of India (RBI) expanded the Fully Accessible Route (FAR) to include all new issuances of 15-year, 30-year, and 40-year government securities (G…
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹41.80 lakh on Canara Bank. The penalty was levied for non-compliance with directions regarding Kn…
₹41.80 LIndia's economic growth for the financial year 2025-26 (FY26) reached 7.7%, compared to 7.1% in the previous year. The economy expanded by 7.8% in the January-M…
7.7%India's foreign exchange reserves rose by $938 million to $682.321 billion in the week ended May 28, according to the Reserve Bank of India (RBI). Foreign curre…
$938 mnThe National Statistical Office (NSO) reported India's Gross Domestic Product (GDP) growth at 7.7% for the full financial year 2025-26 and 7.8% for the January-…
7.7%Swaminathan Janakiraman's tenure as Deputy Governor of the Reserve Bank of India (RBI) has been extended for two years effective June 26, 2026. He was initially…
The Reserve Bank of India (RBI) Monetary Policy Committee (MPC) unanimously decided to keep the policy repo rate unchanged at 5.25 per cent and retain its neutr…
5.25%The Organisation for Economic Cooperation and Development (OECD) projects India to register a growth of 6.3 per cent in 2026-27 (FY27) and 6.4 per cent in 2027-…
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