New Delhi, July 11 (IANS) Overall deposits in India’s banking system jumped by around Rs 7 lakh crore for the fortnight ended June 30, 2026, marking the third‑highest fortnightly growth in 29 years, a new report has said.The report from State Bank of India (SBI) Research said the surge reflected buoyant capital flows aided by recent Reserve Bank of India and government measures.Further, commercial paper and bank credit have expanded indicating that economic activity has surprised on the upsi…
Latest RBI News & Updates
New Delhi, July 10 (IANS) Finance Minister Nirmala Sitharaman is scheduled to meet heads of public sector banks (PSBs) and financial institutions on Monday to review the progress of foreign currency deposit mobilisation and overseas borrowing initiatives aimed at strengthening external capital inflows, as per sources.The meeting comes after the Reserve Bank of India (RBI) last month announced a series of measures to encourage banks to mobilise foreign currency deposits from Non-Resident Indians …
New Delhi, July 10 (IANS) The government on Friday issued clarifications on certain media reports regarding functioning of designated 1600 series and 140 series, which could potentially lead to misinformation or misinterpretation of operation of these designated series.According to the TRAI, the 1600 series numbers are mandated for service and transaction calls by regulated entities of BFSI sector.These calls are for entities regulated by RBI, SEBI, IRDAI and PFRDA to their existing customers an…
New Delhi, July 10 (IANS) The Central government has made it mandatory for all operating Central Public Sector Enterprises (CPSEs) to route settlement of invoices for goods and services procured from Micro, Small and Medium Enterprises (MSMEs) through TReDS platforms authorised by the Reserve Bank of India, an official statement said on Friday.The notification requires CPSEs to disclose details of MSME invoices routed and settled through TReDS as specified by the RBI and to obtain a statutory au…
Raipur, July 8 (IANS) In a significant boost to ease of doing business and tax reforms, the Chhattisgarh Cabinet, chaired by Chief Minister Vishnu Dev Sai, has approved key amendments in GST and VAT laws along with several industry-friendly measures. The cabinet meeting on Tuesday took 11 major decisions aimed at benefiting taxpayers, investors, industries, and common citizens.The Cabinet gave its nod to the Chhattisgarh Goods and Services Tax (Amendment) Bill 2026 to simplify the GST law and ma…
New Delhi, July 7 (IANS) The Supreme Court on Tuesday ruled that banks and the Indian Banks’ Association (IBA) cannot include advocates in the banking sector’s “Caution List” merely on allegations of professional negligence, holding that such action amounts to an impermissible assessment of a lawyer’s professional competence, which falls exclusively within the disciplinary jurisdiction of the Bar Councils under the Advocates Act, 1961. A bench of Justices PS Narasimha and Alok Aradhe, allowing a…
Mumbai, July 7 (IANS) The market capitalisation (mcap) of all listed companies on the BSE has hit a record high in rupee terms, driven by the sustained rally in stock markets, strong gains in broader markets, easing geopolitical tensions, softer crude oil prices and renewed foreign institutional investor (FII) buying.As of Monday’s close, the combined market capitalisation of all BSE-listed companies stood at a record Rs 482.31 lakh crore, up 17 per cent since the beginning of April. The previou…
New Delhi, July 3 (IANS) Consumer goods and healthcare services are sectors with a positive outlook, with consumer goods sector expected to witness a revenue growth of 17.3 per cent CAGR in the 2025-2030 period, a report said on Friday.The report from Brickwork Ratings said the strong revenue growth of the consumer goods sector is driven by credit growth, GST cuts, unlocking of demand from Tier-II/Tier III cities, and premiumisation.Meanwhile, tailwinds for the healthcare services sector include…
New Delhi, June 30 (IANS) Rahul Gandhi’s hollow assertion that India is heading towards an “economic tsunami” is far removed from ground realities. Far from facing collapse, the Indian economy has demonstrated remarkable resilience, even amid the ongoing Middle East crisis, supported by robust data from credible institutions. India posted robust 7.7% GDP growth in FY26, the fastest among major economies, according to Reserve Bank of India and Union Ministry of Statistics and Programme Impl…
New Delhi, June 30 (IANS) RBI Governor Sanjay Malhotra said on Tuesday that India’s financial system remains a key source of strength and support for the real economy and the country’s growth momentum, as banks and NBFCs remain sound, supported by strong capital and liquidity positions, healthy profitability, low levels of non-performing assets, and robust credit growth.In his foreword to the RBI’s Financial Stability Report, Malhotra said: “The Indian economy and the financial system have…