RBI to reopen urban cooperative bank licence applications
The Reserve Bank of India will resume issuing licences for urban cooperative banks on an on tap basis, after a pause of more than two decades. Governor Sanjay Malhotra said draft guidelines…
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RBI Retains Tata Sons in Upper-Layer NBFC List
The Reserve Bank of India has retained Tata Sons among 17 upper-layer non-banking financial companies for 2026-27, subjecting it to enhanced regulatory requirements. The RBI said the classification does not prejudice Tata…
Sensex gains 374 points, Nifty ends nearly flat at 24,636
The Sensex rose 373.76 points, or 0.48%, to 78,954.76 on Thursday, while the Nifty added 11.35 points, or 0.05%, to close at 24,636. Reliance Industries, ICICI Bank and State Bank of India…
Rs 10 and Rs 20 polymer notes likely by early FY28
Rs 10 and Rs 20 polymer banknotes are likely to enter circulation at the beginning of FY28, RBI Governor Sanjay Malhotra said, according to The Times of India. The Reserve Bank of…
RBI Keeps FCNR Deposit Window Open Until 30 September
India’s foreign exchange reserves rose by $10.5 billion to $692.9 billion in the week ended 31 July, the RBI said, their biggest weekly gain in six months. The rupee gained 1.2% that…
Proposal May Allow MDR Charges on Some UPI Payments
UPI payments have so far been free for users. The government has introduced an amendment to the Payment and Settlement Systems Act, 2007, which would remove the legal provision requiring zero charges…
RBI raises FY27 growth forecast to 6.7%, says rupee may strengthen
Reserve Bank of India governor Sanjay Malhotra told reporters after the central bank's August policy review that growth could touch 7% in FY27, even though the RBI's official estimate rose only to…
RBI plans uniform loan-pricing rules, but NBFC impact remains disputed
The Reserve Bank of India plans draft rules to standardise how regulated lenders calculate and disclose loan interest rates. Governor Sanjay Malhotra said the move aims to improve transparency and consumer protection,…
Sensex Gains Over 200 Points as Markets Close Higher
Indian equity benchmarks ended higher on Thursday, with the Sensex rising over 200 points to above 78,785 and the Nifty gaining more than 11 points to close at 24,636, according to ABP…
RBI Holds Repo Rate at 5.25% as Inflation Risks Persist
The Reserve Bank of India kept its repo rate at 5.25% for the fourth consecutive meeting and retained a neutral stance. It raised its FY27 growth forecast to 6.7% from 6.6% and…
