RBI

Govt eases rules to enable export payments in rupees

Govt eases rules to enable export payments in rupees

The move makes rupee-denominated export receipts eligible for Foreign Trade Policy benefits and export obligation fulfilment. The policy is also aimed at reducing currency conversion costs and exchange-rate risks while promoting wider international use of the rupee. Aug 21, 2026
LIC gets RBI nod to increase HDFC Bank stake to 9.99 pc; stocks trade higher

LIC gets RBI nod to increase HDFC Bank stake to 9.99 pc; stocks trade higher

LIC shares gained around 1 per cent after the RBI approved the insurer's application to increase its stake in HDFC Bank to up to 9.99 per cent. LIC currently holds 4.11 per cent in the private lender. The approval gives LIC flexibility to raise its holding, subject to RBI, SEBI and other regulatory conditions. Aug 20, 2026
India's forex reserves climb nearly $1 billion to $672.5 billion

India's forex reserves surge $14.1 billion to cross $707 billion mark

India's foreign exchange reserves surged by $14.136 billion during the week ended August 7, crossing the $707 billion mark, according to RBI data. The increase was mainly driven by a $9.946 billion rise in foreign currency assets to $574.625 billion and a $3.995 billion increase in gold reserves to $108.738 billion Aug 14, 2026
India, Iran central bank chiefs hold talks on closer banking ties

India, Iran central bank chiefs hold talks on closer banking ties

During the meeting, the two sides exchanged views on major international economic and financial developments, the potential for cooperation between the banking systems of Iran and India, and ways to strengthen monetary and banking interactions between the two countries. Aug 12, 2026
India, Iran central bank chiefs hold talks on closer banking ties

India, Iran central bank chiefs hold talks on closer banking ties

During the meeting, the two sides exchanged views on major international economic and financial developments, the potential for cooperation between the banking systems of Iran and India, and ways to strengthen monetary and banking interactions between the two countries. Aug 12, 2026
The government may also separately consider raising the foreign direct investment (FDI) limit in public sector banks above the current 20 per cent cap and narrowing their pay and talent gaps with private banks.

Rs 62,683 Crore Lying Unclaimed in Public-Sector Banks; Centre, RBI Step Up Efforts to Return Funds

Over Rs 62,683 crore remains unclaimed in Public Sector Banks across India as of June 30, 2026, according to the Union Government. To help depositors, nominees and legal heirs recover their money, the Centre and the RBI have introduced a series of measures, including simplified claim procedures, special outreach drives, the UDGAM portal, and the nationwide "Your Money, Your Right" campaign. Aug 4, 2026
Rupee Stability and Lower Crude Prices Improve FII Sentiment Towards India

Rupee climbs to near one-month peak on lower crude oil prices

The Indian rupee surged to a near one-month high on Monday as crude oil prices fell by up to 7 per cent to below the $80-a-barrel mark amid hopes of a deal to end the Iran conflict, while strong foreign inflows further supported the currency. Aug 3, 2026
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