Crisil expects India’s GDP growth to slow to 6.6% this fiscal, from 7.7% last fiscal, leaving the Reserve Bank of India flexibility on policy rates at its next Monetary Policy Committee meeting.…
India's foreign exchange reserves surged by $14.14 billion to $707 billion for the week ended August 7, marking one of the biggest weekly expansions, the Reserve Bank said on Friday. Foreign currency…
The Reserve Bank of India (RBI) conducted two Variable Rate Reverse Repo (VRRR) auctions under the Liquidity Adjustment Facility (LAF) on August 17, 2026, absorbing a total of Rs 1,98,945 crore from…
The Reserve Bank of India has brought forward the closure of its special FCNR(B) deposit swap facility to August 31 after banks raised $52.3 billion (over Rs 4.9 lakh crore) in just…
India recorded an $8.1 billion balance of payments deficit in April-June 2026, reversing a $4.5 billion surplus a year earlier, according to Reserve Bank of India data reported by Rediff. The capital…
The Reserve Bank of India imposed penalties totalling over Rs 71 lakh on four financial entities for regulatory non-compliance. Northern Arc Capital Ltd was fined Rs 6.20 lakh for incorrect customer complaint…
Livemint reports that the Kerala High Court has upheld a consumer commission order directing a bank to repay Rs 5 lakh with 12% interest and Rs 10,000 compensation for delaying a matured…
The Reserve Bank of India's data for August 13, 2026 shows the weighted average call money rate at 5.21 per cent, within a range of 4.60-5.30 per cent. The total overnight segment…
Equitas Small Finance Bank plans to nearly treble its advances to Rs 1.2 lakh crore over five years, targeting 20 per cent annual growth, managing director and CEO P N Vasudevan told…
Retail loans at most large banks grew 7-12% year-on-year in the June quarter, with State Bank of India the outlier at 15%. Corporate loan growth outpaced retail, ranging 10-18%, with Axis Bank…
