Latest News, Updates & Breaking Headlines
MUMBAI: India’s bank depositor remains the predominant source of credit to the commercial sector, but their relative contribution is steadily declining as credit growth outpaces deposit mobilisation, data for Dec 2025 show.As of Dec 2025, total outstanding credit to the commercial sector (bank and non-bank) rose to Rs 297.9 lakh crore, while bank deposits stood…
MUMBAI: RBI has said that the first advance estimates of real GDP growth for 2025-26 reflected the resilience of the Indian economy, driven by domestic factors amid a challenging external environment, adding that high-frequency indicators for Dec pointed to continued buoyancy in growth impulses with demand conditions remaining upbeat. In its State of the Economy…
MUMBAI: RBI has said that the first advance estimates of real GDP growth for 2025-26 reflected the resilience of the Indian economy, driven by domestic factors amid a challenging external environment, adding that high-frequency indicators for December pointed to continued buoyancy in growth impulses with demand conditions remaining upbeat.In its State of the Economy article…
MUMBAI: RBI has revised its priority sector lending norms allowing lending to the National Cooperative Development Corporation to qualify as priority sector loans, with the objective of expanding credit to cooperative societies while tightening compliance and reporting requirements for banks. The move is expected to open new channels of credit for cooperatives, particularly those engaged…
US Ambassador to India Sergio Gor on Sunday concluded his visit to Mumbai, describing it as a “very successful trip.” He said the engagements helped build strong momentum in trade and other key areas of cooperation between India and the United States.In a post on X, Gor said his engagements in Mumbai reflected the breadth…
Mumbai: An RBI-directed reclassification of the bank’s agri loan portfolio led to ICICI Bank reporting a 4% year-on-year decline in net profit to Rs 11,318 crore for the quarter ended Dec 2025. The bank’s board also reappointed Sandeep Bakhshi for a further two years starting Oct 2026, 19 months before he turns 70 – the…
Sergio Gor with RBI governor Sanjay Malhotra (Image/X) US Ambassador to India Sergio Gor on Saturday met Reserve Bank of India Governor Sanjay Malhotra to discuss strengthening bilateral cooperation. The talks focused on expanding collaboration, particularly in the technology sector.The meeting with the RBI Governor comes as part of Gor’s broader engagement with key Indian…
MUMBAI: RBI is stepping up efforts to promote internationalisation of the Indian rupee by amending foreign trade rules to allow exporters more time to realise export proceeds when transactions are invoiced and settled in rupees, signalling a clear policy preference for Indian rupee-denominated trade.Under the revised 2026 regulations, exporters invoicing in foreign currency will continue…
Reserve Bank of India Governor Sanjay Malhotra has welcomed the Ministry of Statistics and Programme Implementation’s (MoSPI) decision to revise the base year for key macroeconomic indicators — Consumer Price Index (CPI), Gross Domestic Product (GDP) and Index of Industrial Production (IIP) — saying the exercise will better reflect changing consumption patterns and economic structures…
Mumbai: RBI has proposed tighter capital norms to curb banks’ exposure to volatility in foreign exchange and bullion markets by mandating a higher capital charge on open positions, according to draft regulations released for public comment.Under the draft rules, commercial banks will be required to maintain a 9% capital charge on their net open positions…
