Tightening the reins on personal loans and credit cards, India’s central banks’ stricter rules are poised to reshape borrowing costs and challenge lenders. Concerns over the rapid growth in these segments led the RBI to instruct banks to set aside more capital. This decision follows repeated warnings from RBI governor Shaktikanta Das about the escalating risks associated with certain personal loans.

India’s central bank tightens rules on personal loans & credit cards

The latest bulletin by India's central bank offers a mixed about the state of India's economy. The Reserve Bank of India's monthly bulletin said that while consumer demand has been upbeat, a lot needs to be done on the inflation front.

RBI's forecast on growth & inflation | World Business Watch

The Reserve Bank of India (RBI), in its November bulletin released on Thursday, cautioned that while there has been a welcome relief in retail inflation over the past two months, India is "not out of the woods yet".

RBI bulletin highlights inflation challenge despite boost in consumption

India's retail inflation experienced a downturn in October, reaching a four-month low and moving closer to the central bank's targeted 4 per cent, a level deemed necessary before considering interest rate reductions, Reuters reported.

India's retail inflation hits four-month low in October, nearing RBI's target 

The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 5.39 crore ($650,000) on Paytm Payments Bank for its failure to comply with Know Your Customer (KYC) norms and other specific regulatory provisions, as explicitly revealed in a press release issued by the central bank.

RBI slaps Paytm Payments Bank with a massive penalty. Here's why 

World Bank Chief Economist Indermit Gill has expressed concerns about the weakening global economy, highlighting the US and India as relative bright spots in the midst of global economic challenges.

World Bank chief economist highlights global economic concerns; US & India positive exceptions

Recent data from the Reserve Bank of India (RBI) reveals a concerning trend in Indian household savings, painting a picture of an income crisis amidst rising costs of living.

News In Numbers: Worrying income and spending trends in India

The Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Friday that the monetary policy committee (MPC) has opted to maintain the policy repo rate at 6.

RBI holds repo rate steady at 6.5 per cent for the fourth time, inflation remains a concern

India’s central bank, the Reserve Bank of India (RBI) on Saturday (Sep 30), extended the deadline to exchange and deposit Rs 2,000 bank notes by another week, i.

India’s central bank RBI extends deadline to exchange, deposit Rs 2,000 banknotes

The Reserve Bank of India (RBI) will likely keep its policy rates unchanged for the fourth consecutive time at the upcoming bi-monthly monetary policy review meeting in early October.

RBI expected to maintain interest rates amid high inflation & global factors: Report

Deputy governor of the Reserve Bank of India, Michael Debbrata Patra delivered a speech in Cambodia, where he described the changing financial sector of the nation and its importance to India's ambitious economic growth.

India’s central bank deputy governor assesses country’s economy

According to economists, the second half of this fiscal year will likely see a continued lack of liquidity in India's banking system as loan growth and currency note circulation increase.

Analysts predict India’s banking system’s liquidity to stay in deficit for the second half: Report

As per a report by the Reserve Bank of India (RBI) on the state of the economy, India's headline retail inflation is anticipated to decline in September, with room for further corrections in vegetable prices, Moneycontrol reported on Monday.

RBI Bulletin: A further decline in vegetable prices could lower September's CPI inflation

Kotak Mahindra Bank unbelievably announced on September 1 that its founder and CEO – Uday Kotak, the visionary who built one of India’s leading banks from scratch, is stepping down from his position as CEO and appointing a new leadership, months before his contract was set to legally expire.

Flashback Friday: Revisiting the success of the self-made billionaire banker – Uday Kotak 

India's tryst with CBDCs or central bank digital currencies is all set to expand. Reports suggest that India’s central bank may soon introduce CBDCs in the call money market.

India's RBI to expand digital rupee use

The Reserve Bank of India is trying to increase the use of central bank digital money, or e-rupee, for a wider range of wholesale transactions, The Economic Times reported, citing a source.

RBI to expand e-rupee's scope, include more wholesale transactions: Reports

Reserve Bank of India Governor Shaktikanta Das said on Tuesday that the monetary policy must be forward-looking, adding that using a policy approach that only looks in the rear-view mirror can result in crises.

Monetary policy needs to look at the future: RBI Governer Shaktikanta Das 

India's foreign exchange reserves fell to a near two-month low in the week that ended on August 18.

India's forex reserves at a 2-month low

Vegetable prices in India have begun to fall and are projected to decline from September, Reuters quoted the Reserve Bank of India (RBI) Governor Shaktikanta Das as saying on Wednesday.

Vegetable prices in India to fall from September: RBI governor

The governor of the Reserve Bank of India (RBI) on Thursday, has unveiled UDGAM (Unclaimed Deposits - Gateway to Access information), a centralised web service that allows users to “search their unclaimed deposits across numerous institutions at one place.

RBI launches UDGAM, a web portal for locating unclaimed deposits across various banks

Is it time for India to reevaluate its inflation and monetary policy trajectory? Are the markets and central bank underestimating the inflation risk, just like they did in 2021?

India's inflation outlook: Does the central bank need to re-evaluate its monetary policy?

India's Central bank is all set to join the artificial intelligence bandwagon. The reserve bank of India has roped in consulting giants Accenture & McKinsey, to develop systems that integrate ai and machine learning to supervise banks.

India's Central bank joins AI bandwagon

The Reserve Bank of India is expected to hold interest rates after the upcoming monetary policy committee meeting.

RBI keeps rate steady for the third time, India remains hawkish on inflation

RBI likely to continue with rate pause: Analysts

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