New Delhi, July 21 (IANS) Indian equity markets remain resilient and investor sentiment is buoyant on the back of healthy corporate performance, policy support and strong domestic macroeconomic fundamentals, a report said on Tuesday.The report from PL Capital Private Wealth said markets have shown durability despite intermittent volatility, also supported by the return of foreign institutional investor inflows.The firm preferred sectors such as financial services, manufacturing, infrastructure, …
Latest Reserve Bank of India News & Updates
Mumbai, July 21 (IANS) Mobilisation of Foreign Currency Non-Resident (Bank) or FCNR(B) deposits could reach up to $70 billion, significantly easing domestic liquidity conditions and reducing near-term pressure on Indian banks’ balance sheets, according to global brokerages.Brokerages including Jefferies, UBS and Macquarie said the initial response to the Reserve Bank of India’s FCNR(B)-related measures has been stronger than expected, with early inflows pointing to growing confidence among overs…
New Delhi, July 20 (IANS) The Reserve Bank of India’s swap facility for offering concessional swaps for fresh foreign currency non-resident bank deposits [FCNR(B)] deposits, External Commercial Borrowings (ECBs) and Overseas Foreign Currency Borrowings (OFCBs), has succeeded in attracting forex inflows to the tune of $20,718 million as on July 17, 2026, according to the Central Bank statement issued on Monday.The amount has flowed in since the scheme was operationalised on June 8 this year. Th…
New Delhi, July 20 (IANS) The government and the Reserve Bank of India have strengthened India’s fintech Ecosystem through regulatory and consumer‑protection measures, including digital lending platforms and payment aggregators, it was announced on Monday.The measures range from a self‑regulatory framework for fintech to strengthened digital‑personal‑data protections, AI-based fraud detection & and national cybercrime reporting mechanisms, MoS Finance Pankaj Chaudhary said in a writt…
New Delhi, July 19 (IANS) The Telecom Regulatory Authority of India (TRAI) has raised objections to Truecaller’s display of a “frequently blocked” badge on calls originating from the dedicated 140 and 1600 number series, saying such labels could mislead telecom consumers and create unnecessary suspicion around legitimate commercial and government communications.A senior TRAI official said tagging regulated number series with labels such as “frequently blocked” is not advisable as it can confuse …
New Delhi, July 18 (IANS) India has taken its first formal step towards introducing polymer banknotes, with the Reserve Bank of India’s currency printing arm inviting global Expressions of Interest (EoIs) for the supply of polymer substrate sheets embedded with security features, as per multiple reports.Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) has invited eligible domestic and international manufacturers to submit bids by August 18 for manufacturing opacified polymer substrat…
Mumbai, July 17 (IANS) The Reserve Bank of India (RBI) has imposed monetary penalties on Muthoot Finance Limited as well as Muthoot Vehicle and Asset Finance Limited for non-compliance with the central bank’s Know Your Customer (KYC) directions. The RBI has imposed a penalty of Rs 5.80 lakh on Muthoot Finance Limited and Rs 2.70 lakh on Muthoot Vehicle and Asset Finance Limited for the breach of its regulations, according to a statement issued on Friday.The RBI said that it carried out statutory…
Mumbai, July 17 (IANS) India’s foreign exchange reserves increased by $964 million to $675.16 billion for the week ended July 10, according to data released by the Reserve Bank of India (RBI) on Friday.The latest increase follows a sharp rise of $7.26 billion in the previous reporting week, when the country’s forex reserves had climbed to $674.19 billion after reversing the decline recorded earlier.According to the RBI, foreign currency assets (FCAs), the largest component of the country’s forex…
Mumbai, July 16 (IANS) The Reserve Bank of India (RBI) has issued final prudential norms for banks, small finance banks (SFBs) and non-banking financial companies (NBFCs), barring them from selling specified non-financial assets (SNFAs) acquired during the resolution of stressed loans back to the defaulting borrower or its related parties. The amendments have been issued under the RBI’s Resolution of Stressed Assets Directions 2026 for commercial banks, small finance banks and NBFCs.The new norm…
Jammu, July 16 (IANS) Jammu and Kashmir Lieutenant Governor, Manoj Sinha, on Thursday chaired the Shri Mata Vaishno Devi Shrine Board (SMVDSB) meeting to review management of offerings and donations at the shrine.The meeting was attended by members of SMVDSB and senior officials. SMVDSB members attending the meeting included Mahamandleshwar Swami Vishveshvaranand Giriji Maharaj, Baleshwar Rai, Dr. Ashok Bhan, Sudha Murty, Gunjan Rana, Dr. K.K. Talwar, Kulbhushan Ahuja, Lalit Bhasin, Suresh Kumar…