RBI

UPI MDR charges from October 15: Will government delay new payment rules until January 2027?

Government's proposed 0.4 per cent MDR on UPI merchant transactions above Rs 2,000, scheduled to begin from October 15, 2026, may be delayed until January 2027. The possible postponement is being considered to avoid disruption during the festive season and give banks.

8 days ago

Sensex, Nifty fall ahead of RBI policy decision; investors eye rate hike, global cues

Sensex and Nifty dropped in early trading on Wednesday as investors awaited the Reserve Bank of India's monetary policy announcement.

10 days ago

RBI Governor rules out near-term rate cuts, shifts to 'Calibrated Tightening'

RBI Governor Sanjay Malhotra ruled out rate cuts in the near future and changed the policy stance to 'Calibrated Tightening'.

10 days ago

RBI raises repo rate by 25 points, loan EMIs set to rise; first hike in nearly four years

The Reserve Bank of India raised the repo rate by 25 basis points to 5.50 percent amid global inflation and domestic economic challenges.

10 days ago

Tata Trusts accuse Srinivasan and Singh of undermining board resolutions

Senior Tata Trusts trustees have accused Venu Srinivasan and Vijay Singh of breaching duties by supporting Tata Sons' listing against board resolutions.

10 days ago

Anup Bagchi at HDFC Bank: Can an Outsider Fix India's Most Complex Lender?

Taking charge on October 27, 2026, Bagchi will need to balance fresh strategic thinking with HDFC Bank's conservative, process-driven culture. His priorities include boosting deposits and profitability, improving technology and customer experience, rebuilding trust and retaining talent.

11 days ago

Rupee Slips To 96.26 Against US Dollar, Oil Prices And Foreign Outflows Keep Pressure On Currency

Rupee slipped to 96.26 against the US dollar as lofty oil prices and foreign outflows weighed. RBI intervention limited losses, with its policy decision in focus for forex markets.

11 days ago

RBI MPC begins amid rising inflation and risks of repo rate hike

The RBI's three-day MPC meeting started to decide on a possible repo rate hike amid rising inflation and crude prices above $100 a barrel.

12 days ago

India's external shocks: why senior voices warn of a harder world

The officials stressed the need for stronger domestic growth drivers, strategic reserves, diversified partnerships, infrastructure, manufacturing and greater preparedness to strengthen India's economic resilience.

15 days ago

Rupee Slips 3 Paise To 95.97 Against US Dollar, RBI Dollar Sales Help Defend The 96 Level

The rupee slipped 3 paise to 95.97 against the US dollar as oil companies' demand and FII outflows weighed, while RBI-backed dollar sales kept the currency below the 96.00 mark.

15 days ago

Multiple key rules on UPI, LPG and taxes start from October 1

New regulations on UPI transactions, LPG Aadhaar authentication and tax deadlines will come into effect from October 1.

17 days ago

Rupee falls 28 paise to close at 96.03 against US dollar

The rupee fell 28 paise to close at 96.03 against the US dollar on Monday as risk-off sentiment, rising crude oil prices and US-Iran tensions weighed on the currency. Forex traders said continued geopolitical uncertainty could keep pressure on the rupee

18 days ago

Supreme Court seeks RBI, NPCI response on 0.4% UPI MDR; refuses to stay October 15 rollout

The Supreme Court has sought responses from the RBI and NPCI on a petition challenging the 0.4% MDR on select UPI merchant transactions above Rs2,000. The court declined to stay the October 15 implementation. The petitioner has raised concerns over transparency, statutory safeguards, merchant impact and possible consumer burden

18 days ago

India's forex reserves fall $14.9 billion to $765.9 billion, sharpest weekly drop since November 2024

India's foreign exchange reserves fell $14.9 billion to $765.9 billion in the week ended September 18, marking their sharpest weekly decline since November 2024. The drop was driven mainly by lower foreign currency assets, including a $10.9 billion dollar sale by the RBI and revaluation losses

20 days ago

RBI Bulletin says high credit-deposit ratio alone does not show bank funding risk

The RBI Bulletin stated that a high credit-deposit ratio may not indicate vulnerability in the banking system amid strong credit growth.

21 days ago

Nationwide bank strike: SBI waives ATM transaction charges from September 28-30

SBI announced that ATM transactions will be free from September 28 to 30 during the proposed nationwide bank strike. The bank said digital services including UPI, IMPS, RTGS and NEFT will continue normally.

21 days ago

Banks to remain open on Sunday, September 27, ahead of three-day nationwide strike

Public sector banks and Regional Rural Banks will remain open on Sunday, September 27, ahead of a proposed three-day nationwide bank strike from September 28 to 30. The move aims to ensure customers can access essential banking services before the strike.

23 days ago

Indian rupee rises 5 paise to 95.57 against US dollar

The rupee gained 5 paise to 95.57 against the US dollar as cheaper crude and stronger Asian currencies offered support while FII outflows and dollar strength limited gains overall.

23 days ago

RBI accepts Rs 25,000 crore in 2nd OMO sale amid surplus liquidity

The central bank also accepted Rs 2,300 crore of the 6.75 per cent GS 2029, Rs 2,250 crore of the 7.17 per cent GS 2030 and Rs 180 crore of the 7.17 per cent GS 2028. However, it did not accept any bids for the 8.28 per cent GS 2027.

25 days ago

Tata Sons row deepens as Tata Trusts challenges Chandrasekaran's five-year reappointment

Tata Sons board voted 4-1 in favour of Chandrasekaran's reappointment. Noel Tata, chairman of Tata Trusts and one of its two nominee directors on the Tata Sons board, opposed the proposal, while Venu Srinivasan supported it.

26 days ago