Mumbai, June 18 (IANS) The Reserve Bank of India (RBI) has approved the extension of Keki Mistry as interim part-time chairman of HDFC Bank for a further period of three months, it was announced on Thursday.In an exchange filing, HDFC Bank said the RBI, through a communication dated June 18, 2026, approved the extension of Mistry’s tenure until September 18, 2026, or until the appointment of a regular part-time chairman, whichever is earlier.“The RBI has granted approval for the extension of t…
Latest Reserve Bank of India News & Updates
Mumbai, June 14 (IANS) The Indian stock market is likely to remain driven by global cues in the coming week, with investors closely watching the US Federal Reserve’s policy meeting, developments surrounding a potential US-Iran peace agreement and trends in crude oil prices.Benchmark indices ended the previous week on a positive note, breaking a two-week losing streak amid improving investor sentiment.The Nifty gained 1.10 per cent to close at 23,622.90, while the Sensex rose 1.73 per cent to set…
New Delhi, June 13 (IANS) Foreign portfolio investors (FPIs) are unlikely to continue selling big in India in the context of stable currency and improving economic prospects and the selling is likely to slow down significantly, analysts said on Saturday.There is a decreasing trend in FPI selling in India. On Friday, FPIs sold only for Rs 1,082 crore in the equity cash market.“Recent geopolitical developments, which everyone expects to lead to a peace deal between US and Iran have led to sharp …
New Delhi, June 13 (IANS) India’s external sector has become significantly more resilient and the country’s macroeconomic fundamentals are now better placed to withstand global shocks, according to Chief Economic Advisor (CEA) V. Anantha Nageswaran.Speaking at NDTV Ignite Summit, Nageswaran said the risks facing the external sector have eased considerably, adding that the Reserve Bank of India (RBI) is unlikely to face pressure to draw down its foreign exchange reserves to manage the rupee.On th…
Bengaluru, June 12 (IANS) In a significant move to restore the proceeds of crime to their rightful claimants, a Special Court under the Prevention of Money Laundering Act (PMLA) here has ordered the restitution of properties valued at Rs 8.41 crore to victims of money laundering and other legitimate claimants in a case involving the Ajmera Group and its associates, which is being investigated by the Enforcement Directorate (ED), an official statement said on Friday. The ED had initiated its inve…
New Delhi, June 12 (IANS) The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of Foreign Exchange Management Act (FEMA), in the case of Ripe Accountancy Services Private Limited, which has resulted in the termination of proceedings against the company for contravention of provisions under FEMA, according to a statement issued by the Enforcememt Directorate (ED) on Friday. The order has been passed by the RBI with a one-time payment of Rs 1.77 lakh to be paid by the co…
New Delhi, June 12 (IANS) The moderation of headline retail inflation below 4 per cent reflects the resilience of India’s macroeconomic fundamentals and the effectiveness of ongoing efforts to maintain price stability, industry chamber PHDCCI said on Friday.Retail inflation, measured by the Consumer Price Index (CPI), stood at 3.93 per cent in May (year-on-year), remaining below the Reserve Bank of India’s medium-term target of 4 per cent despite a modest increase from 3.48 per cent in April.The…
New Delhi, June 12 (IANS) Economists on Friday said while a build-up in price pressures is being watched closely against the backdrop of the ongoing West Asia conflict, India’s inflation is at still below the mid-range of the 2-6 per cent target, and thereby less of an immediate policy concern.India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics …
New Delhi, June 12 (IANS) India’s retail inflation stood at 3.93 per cent in May, remaining below the Reserve Bank of India’s medium-term target of 4 per cent, according to provisional data released by the Ministry of Statistics and Programme Implementation on Friday.However, it slightly inches up from 3.48 per cent recorded in previous month (April). The inflation data cannot be compared with the corresponding period last year due to the rebasing of the CPI basket, which now uses 2024 as the ba…
New Delhi, June 12 (IANS) The Reserve Bank of India’s (RBI) latest measures to boost foreign currency inflows are expected to strengthen the country’s forex reserves, improve banking system liquidity and support the rupee, with total inflows estimated at $40–50 billion in FY27, a report showed on Friday.As per an analysis by Motilal Oswal Financial Services Ltd (MOFSL), banks could benefit from a reduction of around 200–250 basis points in borrowing costs through the ECB route under the …