March 28, 2026

RBI

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Stock market outlook: Investors to track RBI policy and US tariffs; FII flows, rupee weakness to influence trend in holiday-shortened week

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Indian equities are set for a data-heavy, holiday-shortened week in which the Reserve Bank of India’s policy decision, tariff-related developments and global cues will steer market sentiment, analysts said. Trading will remain shut on Thursday for Dussehra and Gandhi Jayanti.Alongside the RBI’s October 1 rate decision, investors will track key macro data such as industrial…

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Tired of OTPs? RBI is open to options

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MUMBAI: RBI has signalled the end of OTP-only second-factor authentication (2FA or AFA) for payments with its Authentication Directions, 2025, issued on Thursday.For consumers, the changes promise fewer bottlenecks and more choice. SMS-based OTPs, prone to delay and interception, will cede ground to biometrics, app-based tokens, or device-native methods such as face ID. Liability for…

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Digital payments security: RBI mandates two-factor authentication; new norms kick in from April 2026

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The Reserve Bank of India (RBI) has unveiled changes to strengthen the security of digital transactions, making two-factor authentication mandatory across the country’s payment ecosystem. The new framework, issued under the Reserve Bank of India (Authentication Mechanisms for Digital Payment Transactions) Directions, 2025, will come into effect from April 1, 2026.“All payment system providers and…

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GST 2.0: RBI bulletin highlights gains in ease of doing business; domestic growth outlook stays positive

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The GST reform will progressively deliver a positive impact on the Indian economy by enhancing ease of doing business, lowering retail prices and strengthening consumption growth drivers, according to an article in the Reserve Bank of India’s September Bulletin.The bulletin said global uncertainty remained elevated in the wake of US tariffs on major trading partners…

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‘Best possible option’: RBI may cut rates by 25 bps in October, says SBI report; flags ‘Type 2 error’ risk

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The Reserve Bank of India’s Monetary Policy Committee (MPC) may cut rates by 25 basis points in its September meeting, according to a report by State Bank of India (SBI).The report highlighted that a rate cut in September makes sense, as inflation is already under control and is expected to ease further.The report warned that…

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RBI governor tells CCIL to ‘look beyond’ rupee-dollar trades

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RBI governor Sanjay Malhotra (File photo) MUMBAI: RBI governor Sanjay Malhotra on Thursday urged the Clearing Corporation of India (CCIL) to expand beyond dollar-rupee trades by creating settlement infrastructure for other currency pairs, as part of efforts to deepen markets and internationalise the rupee.“Given the broader objective of internationalisation of INR, CCIL could explore the…

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Fiscal discipline crucial for growth; states to prioritise quality spending: RBI governor

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Emphasising the role of fiscal discipline in fostering economic growth and prosperity, RBI Governor Sanjay Malhotra on Thursday urged states to focus on the quality of expenditure and exercise prudence in off-budget borrowings.Speaking at the 35th Conference of State Finance Secretaries, themed ‘Journey towards Economic Prosperity through the Path of Fiscal Consolidation’, Malhotra highlighted the…

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