Reserve Bank of India
RBI Announces 36-Month USD/INR Swap Auction of $5 Billion to Enhance Banking System Liquidity
Dec 09, 2025 02:41 am CST
The Reserve Bank of India plans to conduct a 36-month USD/INR Buy/Sell Swap auction of $5 billion on December 16, 2025, as part of a broader strategy to inject liquidity into the banking system. This initiative, along with planned OMO purchases of Rs 1,00,000 crore in government securities, aims to support orderly financial conditions in India's markets.
Indian Public Sector Banks Write Off Rs 6.15 Lakh Crore in Loans: Recovery Challenges and Financial Strategies
Dec 08, 2025 06:44 pm CST
Public sector banks in India have written off loans worth Rs 6.15 lakh crore over five financial years through September 2025, according to Reserve Bank of India data. Despite recovering only Rs 1.65 lakh crore from these write-offs, the government has not injected capital since FY 2022-23 as banks raise market funding and show improved profitability. Finance Minister Pankaj Chaudhary clarified that write-offs don't constitute loan waivers and recovery efforts continue through various legal mechanisms.
JP Morgan Forecasts Nifty 50 to Reach 30,000 by 2026: Impact of Rate Cuts and Tax Breaks on Indian Markets
Nov 27, 2025 02:03 am CST
JP Morgan predicts India's Nifty 50 index could rise to 30,000 by end-2026, representing a 15% upside driven by favorable monetary policy and tax cuts. Despite current underperformance against emerging markets, analysts expect domestic demand growth as inflation drops and interest rates decrease, with potential additional support from a US-India trade resolution.
S&P Global Projects India's GDP Growth at 6.7% for Next Fiscal Year: Economic Outlook Analysis
Nov 24, 2025 03:42 pm CST
S&P Global Ratings forecasts India's economy to grow at 6.5% in the current financial year and 6.7% in the next fiscal year, driven by strong domestic demand, tax cuts, and monetary easing. Recent policy changes including GST reductions, income tax relief, and lower interest rates are expected to boost middle-class consumption despite global trade challenges.
RBI Governor Sanjay Malhotra Advises Students: "Do Your Karma, Dots Will Connect"
Nov 21, 2025 12:14 pm CST
RBI Governor Sanjay Malhotra shares wisdom with students at Delhi School of Economics, referencing Steve Jobs' philosophy that dots connect in hindsight while emphasizing the importance of passion, hard work, and focusing on the process rather than results in one's career journey.
RBI Data Shows Rs 5,817 Crore Worth of Rs 2,000 Notes Still in Circulation: 98.37% Already Returned
Nov 02, 2025 01:21 am CST
The Reserve Bank of India reports that Rs 2,000 denomination notes worth Rs 5,817 crore remain in circulation, representing just 1.63% of the original amount when withdrawal was announced in May 2023. Despite still being legal tender, 98.37% of these high-value notes have been returned, with multiple options available for exchanging or depositing remaining notes through RBI's 19 issue offices nationwide.
Tamil Nadu Police Bust Multi-Crore Iridium Scam: 27 More Arrested in Statewide Operation
Oct 25, 2025 11:13 pm CST
Tamil Nadu's Crime Branch-CID has arrested 27 more individuals in connection with a widespread "Iridium scam" that defrauded victims using fake RBI credentials. The operation spanned 15 districts, targeting gangs who claimed to facilitate lucrative sales of the rare metal. Authorities have warned the public against schemes promising extraordinary returns through iridium sales.
New Banking Law Allows Up To 4 Nominees In Bank Accounts Starting November 1, 2025: Complete Guide
Oct 23, 2025 07:09 pm CST
Starting November 1, 2025, Indian bank customers can designate up to four nominees for their accounts under the new Banking Laws (Amendment) Act 2025. This significant reform aims to streamline claim settlements, provide flexibility in nomination arrangements, and enhance transparency across the banking system. The amendment includes provisions for both simultaneous and successive nominations, detailed share specifications, and improved governance standards for public and cooperative banks.
India's Retail Inflation Hits 8-Year Low of 1.54% in September 2025: Impact on Monetary Policy
Oct 14, 2025 01:28 pm CST
India's retail inflation has dropped to an 8-year low of 1.54% in September 2025, falling below the RBI's comfort zone for the second time this year. This significant decline is primarily attributed to reduced prices of vegetables, fruits, and pulses, alongside GST rationalization effects. Economists project continued moderate inflation and anticipate a possible 25 basis point rate cut by December 2025, as the RBI revises its inflation outlook downward to 2.6% for 2025-26.
UPI Adoption in France Boosts Indian Tourism by 40%: Lyra Network Chairman Reveals Digital Payment Impact
Oct 10, 2025 04:17 pm CST
The implementation of India's UPI payment system across French tourist destinations has led to a 40% increase in Indian visitors, according to Lyra Network's Chairman Christophe Mariette. The familiar payment method offers enhanced security for travelers, showing exact expenses in rupees while supporting tourism growth. UPI will soon expand to luxury shopping destination Bicester Village, further strengthening the connection between India's fintech ecosystem and global retail.