India’s foreign exchange reserves have received a significant boost from a Reserve Bank of India (RBI) initiative designed to attract overseas dollars and strengthen the country’s ability to manage pressure on the rupee. The central bank’s special foreign-currency deposit and borrowing measures have generated an estimated $136.38 billion in foreign exchange inflows, helping push India’s … Read more
The Reserve Bank of India (RBI) is set to introduce revised rules governing interest rates on bank deposits from October 1, 2026, bringing greater standardisation and transparency to the way banks disclose and offer deposit rates. The new framework is particularly relevant for customers who rely on fixed deposits and other term deposits for predictable … Read more
The Reserve Bank of India (RBI) has sought feedback from non-banking financial companies (NBFCs) on proposed rules governing revolving credit facilities, while calling for stronger compliance, internal audit and risk-management systems across the sector. The move comes as NBFCs increasingly expand into technology-driven lending products and business models, raising concerns about whether internal controls and … Read more
RBI Governor Sanjay Malhotra has called for stronger cooperation among central banks as BRICS countries work to build a more resilient, efficient and inclusive global financial system. Speaking at the BRICS Finance Ministers and Central Bank Governors meeting held in Jaipur on August 12-13, the RBI Governor underlined the critical role played by monetary authorities … Read more
The Reserve Bank of India (RBI) has introduced a revised regulatory framework for deposit interest rates, bringing significant changes that aim to enhance transparency, ensure uniform treatment of depositors, and improve the way banks communicate interest rates to customers. The new directions, which will come into effect from October 1, 2026, are expected to make … Read more