New Delhi, May 29 (IANS) India and Vietnam have taken a major step towards strengthening cooperation in digital payments and financial innovation, with the Reserve Bank of India (RBI) and the State Bank of Vietnam (SBV) signing a Memorandum of Understanding (MoU), the Ministry of Finance said on Friday.The agreement, signed with the approval of the Union Cabinet, aims to deepen collaboration in areas such as financial innovation, regulatory coordination, information sharing, and digital payment …
Latest Reserve Bank of India News & Updates
Mumbai, May 29 (IANS) The Reserve Bank of India’s (RBI) balance sheet expanded by a robust 20.6 per cent to Rs 91.97 lakh crore (as of March 31, 2026) compared to the corresponding figure of the previous year, on the back of a high growth in domestic investments, gold holdings and foreign investments, according to the RBI’s annual report released on Friday.In absolute terms, the balance sheet expanded by Rs 15.72 lakh crore during the year, taking the total assets to Rs 91.97 lakh crore from R…
New Delhi, May 27 (IANS) The Central government on Wednesday sanctioned more than 1,200 additional investigators and staff for the Enforcement Directorate (ED), marking the first major restructuring of the anti-money laundering agency in 15 years which is aimed at enhancing its operational capacity.The Finance Ministry authorised the workforce to grow from 2,029 to 3,256, strengthening the core investigation team.The increase includes 803 Assistant Enforcement Officers, 606 Enforcement Officers,…
Mumbai, May 27 (IANS) HDFC Bank on Wednesday dismissed allegations linked to alleged payment irregularities involving Rs 45 crore, saying assumptions of wrongdoing based on selective material were misplaced and that all matters are handled in accordance with established internal processes.The private lender asserted that the bank follows robust internal oversight, audit and control processes.“We strongly reject any assumptions of wrongdoing or culpability based on selective material. All issue…
New Delhi, May 26 (IANS) Market regulator Securities and Exchange Board of India (SEBI) has initiated a pilot project to explore tokenisation of corporate bonds using distributed ledger technology (DLT), a move that could enhance liquidity and enable faster settlement in the debt market, SEBI Chairman Tuhin Kanta Pandey said on Tuesday.Pandey further stated that the pilot is aimed at assessing how blockchain-based systems can improve efficiency in bond trading and settlement, while also addressi…
New Delhi, May 26 (IANS) The upcoming monsoon will directly influence India’s FY27 macroeconomic outlook, with the India Meteorological Department forecasting rainfall at 92 per cent of the long-period average, classified as below normal, a report said on Tuesday.The report from investment platform smallcase said that below normal rainfall raises concerns over food inflation, rural demand recovery and interest‑rate trajectories in upcoming quarters.It further highlighted that stable rainfall…
Tiruchi, May 26 (IANS) Farmer organisations in Tamil Nadu on Monday criticised the state government’s recently announced crop loan waiver scheme, alleging that it falls short of the promises made during the Assembly election campaign and may provide limited benefits to the farming community. Several farmer leaders warned that the decision could trigger dissatisfaction among rural voters and have political repercussions in the upcoming local body elections. Leaders of various farmers’ associa…
New Delhi, May 25 (IANS) Economist and former NITI Aayog Vice-Chairman Arvind Panagariya has said there is no need to panic if the rupee touches the Rs 100-per-dollar mark, asserting that the Indian currency could recover over time once global uncertainty eases.Speaking to NDTV Profit, Panagariya said the Reserve Bank of India (RBI) should allow the exchange rate to adjust naturally instead of excessively intervening in the currency market to defend a psychological level.“Don’t panic at Rs 1…
Mumbai, May 24 (IANS) The Indian stock market is expected to remain volatile next week as investors closely track the impact of the RBI’s record dividend transfer to the government, developments surrounding the ongoing US-Iran conflict, and fluctuations in global crude oil prices. Persistent weakness in the rupee, inflation concerns, and global cues are also likely to influence market sentiment.Benchmark indices Sensex and Nifty ended the week with modest gains despite witnessing sharp intrada…
New Delhi, May 22 (IANS) The Indian rupee extended its recovery for a second consecutive trading session on Friday, appreciating 63 paise to close provisionally at 95.73 against the US dollar.The domestic currency drew support from easing crude oil prices, positive sentiment in local equity markets and expectations of intervention by the Reserve Bank of India (RBI) to curb excessive volatility.The rupee opened at 96.30 per dollar in the interbank foreign exchange market and witnessed sharp gains…