Mumbai, June 29 (IANS) India’s external debt stood at $762.8 billion at end-March 2026, an increase of $26.3 billion over its level at end-March 2025, according to data released by the Reserve Bank of India (RBI) on Monday. The external debt to GDP ratio increased to 20.8 per cent at end-March 2026 from 19.8 per cent at end-March 2025.Outstanding debt of the government decreased, while non-government debt increased at end-March 2026 over the level a year ago, according to an RBI statement.Debt s…
Latest Reserve Bank of India News & Updates
New Delhi, June 29 (IANS) The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act (FEMA), in the case of Touras India Private Limited, which has resulted in the termination of proceedings against the company for contraventions of the law’s provisions with a one-time payment of Rs 26,950, according to a statement issued by the Directorate of Enforcement (ED) on MondayThe order has been passed by the RBI after issuance of a “no objecti…
Mumbai, June 29 (IANS) Axis Bank, the country’s third-largest private sector lender, on Monday announced the resignation of its Chief Financial Officer Puneet Sharma, who has decided to step down to pursue the next phase of his professional career.According to a regulatory filing by the bank, Sharma submitted his resignation on June 28, 2026.He will continue in his role until the close of business on August 31, 2026, after which he will cease to be the bank’s Chief Financial Officer, key man…
New Delhi, June 29 (IANS) Former HDFC Bank Chairman Atanu Chakraborty has described the legal review of his resignation as being caveated and superfluous, saying it focused largely on compliance issues instead of the broader concerns he had raised about certain business practices at the bank, according to a report.NDTV Profit reported that the external legal firms appointed by HDFC Bank — Wadia Gandhy and Wilson Soni — reviewed Chakraborty’s resignation statement by relying largely on select e…
New Delhi, June 27 (IANS) Private sector lender Kotak Mahindra Bank on Saturday said its Managing Director and Chief Executive Officer, Ashok Vaswani, has decided not to seek reappointment after the completion of his current term on December 31, prompting the board to initiate the process of appointing a new chief executive.In a regulatory filing, the bank said Vaswani informed the board that due to personal reasons, he does not wish to seek reappointment when his current term ends.”The Board ha…
Mumbai, June 27 (IANS) The Indian equity benchmarks posted a third consecutive week of gains, over sharp correction in crude oil prices to pre‑Iran war levels and improved traffic at the Strait of Hormuz.Nifty added 0.18 per cent during the week and edged up 0.14 per cent on the last trading day to reach 24,056. At close, Sensex was up 109 points or 0.14 per cent at 77,100. It added 0.39 per cent during the week.The domestic markets navigated a week of mixed signals with notable resilience, ev…
Mumbai, June 26 (IANS) India’s foreign exchange reserves rose by $963 million to $672, 587 billion in the week ended June 19, reversing the decline recorded in the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.The value of India’s gold reserves surged by $4.11 billion to $107.930 billion during the week.However, the country’s holdings of Special Drawing Rights (SDRs) with the International Monetary Fund decreased by $52 million to $18.647 billion.The coun…
New Delhi, June 26 (IANS) The Parliamentary Standing Committee on Finance is scheduled to hold consultations with officials from the Reserve Bank of India (RBI) on July 2 in the national capital on the future regulatory framework for cryptocurrencies.According to a notification, the committee will be deliberating on the “oral evidence” of the representatives of the Reserve Bank of India (RBI) on the subject, ‘A Study on Virtual Digital Assets (VDAs) and Way Forward’.After the meeting with RBI of…
Mumbai, June 25 (IANS) The Reserve Bank of India (RBI) on Thursday proposed opening the term money market to a wider range of financial institutions and companies in a move aimed at deepening market liquidity and improving monetary policy transmission across different maturities.Under the draft directions released by the central bank, non-banking financial companies (NBFCs), housing finance companies (HFCs), All India Financial Institutions (AIFIs), and companies would be allowed to participate …
New Delhi, June 24 (IANS) Despite facing one of the most challenging external environments in recent years, India’s equity markets demonstrated remarkable resilience during May 2026, supported by strong domestic investor participation, broad-based earnings growth and robust macroeconomic fundamentals, a report said on Wednesday.The data compiled by PL Asset Management noted that May was characterised by two sharply contrasting global narratives. While investors across developed markets poured …