reserve bank of india

RBI Injects ₹55,837 Crore via VRR Auction to Support Banking System Liquidity Mumbai, March 24: The Reserve Bank of India (RBI) infused ₹55,837 crore into the banking system on Tuesday through a three-day variable rate repo (VRR) auction, as part of its ongoing liquidity management operations...

Mumbai, March 23 According to the Reserve Bank of India's bulletin released on Monday, foreign banks have experienced a higher transmission of monetary easing in both fresh and outstanding deposit and lending rates compared to their domestic counterparts.The data in the bulletin showed that...

New Delhi, March 23 South Indian Bank, a private sector lender, announced on Monday that it has appointed former RBI Executive Director Jose Joseph Kattoor as its non-executive, part-time chairman.The appointment is effective from March 23, 2026, for a term of three years.The appointment...

New Delhi, March 23 The Association of Gold Loan Companies (AGLOC) has sought a six-month deferral of the Reserve Bank of India's (RBI) revised guidelines on lending against gold and silver collateral, scheduled for implementation by April 1, 2026, citing emerging geopolitical uncertainty and...

Rupee Falls Below 94/USD for First Time Amid Rising Crude Prices and FII Outflows Mumbai, March 23 – The Indian rupee breached the 94 per US dollar mark for the first time on Monday, falling 50 paise to a provisional 94.03 amid soaring global crude prices, continued foreign fund outflows, and a...

RBI Injects ₹79,256 Crore in Liquidity, Deficit Remains Mumbai, March 23 – The Reserve Bank of India (RBI) provided ₹79,256 crore in short-term liquidity to the banking system on Monday through an overnight variable rate (VRR) auction.Liquidity Injection Details The RBI announced that the...

Rupee Falls to Record Low of 93.94 Against US Dollar The rupee declined sharply on Monday, reaching a record low of 93.94 against the US dollar. The depreciation was driven by the ongoing war in West Asia, which has kept global crude oil prices elevated, and the strength of the US dollar...

Government May Explore OFS Route to Raise Public Shareholding in IDBI Bank New Delhi, March 22: The government is considering selling a stake in IDBI Bank through the Offer-for-Sale (OFS) route to increase public shareholding, following an unsuccessful attempt to divest its stake in the...

Mumbai, March 20 The Reserve Bank announced on Friday that it has imposed a fine of ₹31.8 lakh on Hongkong and Shanghai Banking Corporation for non-compliance with certain directions related to inactive accounts and unclaimed deposits.In a statement, the Reserve Bank said that a statutory...

RBI Explores New Avenues for Use of Indian Rupee Held by Russian Trade Partners Central Bank Eyes Trade Settlement and Investment Options Mumbai, March 19: The Reserve Bank of India is working on expanding the usage of Indian rupee balances accumulated by Russian trade partners, a senior...

RBI Reassures Stability at HDFC Bank After Chairman Resignation, Appoints Interim Leadership RBI Confirms Strong Governance and Financial Position New Delhi, March 19: The Reserve Bank of India on Thursday reaffirmed confidence in HDFC Bank, stating that the lender remains a Domestic...

HDFC Bank Shares Slide as ADRs Drop 8% After Chairman Resignation HDFC Bank Stock Falls Sharply in Domestic and Global Markets Mumbai, March 19: Shares of HDFC Bank witnessed heavy selling pressure on Thursday, both in domestic markets and overseas trading, following the resignation of its...

HDFC Bank Chairman Atanu Chakraborty Resigns Citing Ethical Concerns First Mid-Term Exit Raises Governance Questions at India’s Second-Largest Lender New Delhi, March 19 In a sudden development, Atanu Chakraborty has resigned as the part-time chairman of HDFC Bank, citing ethical concerns...

RBI Needs to Revisit Investor Criteria, Support Financial Sector Consolidation: M Rajeshwar Rao Calls for Regulatory Flexibility to Enable Growth and Capital Formation Mumbai, March 18 Former Reserve Bank of India Deputy Governor M Rajeshwar Rao on Wednesday urged a re-evaluation of investor...

Mirae Asset Financial Services Completes Merger with Sharekhan NBFC Arm to Expand Lending Platform Consolidation Brings Lending Operations Under One Entity Mirae Asset Financial Services, a non banking financial company, has completed its merger with Mirae Asset Sharekhan Financial Services...

Indian Rupee Opens Weaker as Crude Oil Surge Sparks Import Cost Concerns The Indian rupee opened lower against the US dollar on Thursday as a sharp rise in global crude oil prices triggered fresh concerns about India’s import costs and external balance.The domestic currency began the session...

RBI Caps Bank Dividends at 75 Per Cent of Profits Starting FY 2026-27Mumbai, March 10 – The Reserve Bank of India has announced a new ceiling on dividend payouts by banks, limiting them to a maximum of 75 per cent of profit after tax (PAT), effective from the financial year 2026-27.The...

Indian Rupee Opens Near Record Low as Oil Price Surge and Global Risk-Off Sentiment Weigh on Currency Rupee Opens Sharply Weaker on Monday The Indian rupee opened sharply weaker on Monday, hovering close to its all-time low as a surge in crude oil prices and a broad risk-off mood across global...

Rupee Weakens Sharply at Monday Open The Indian rupee opened sharply weaker on Monday, hovering close to its all time low as a surge in crude oil prices and a broad risk off mood across global markets weighed on Asian currencies.The rupee opened at 92.20 per US dollar, compared with 91.74 in...

RBI Proposes New Rules to Strengthen Customer Protection in Digital Transactions RBI Issues Draft Amendment on Customer Liability for Digital Payments The Reserve Bank of India has released a draft amendment to the rules governing customer liability in digital banking transactions. The proposal...