India’s current account surplus moderated to $7.1 billion, or 0.7 per cent of GDP, in the fourth quarter (January-March) of financial year 2025-26, compared with $13.7 billion in the same period a year ago, according to the Reserve Bank of India’s latest Balance of Payments data.
The RBI maintained the status quo on interest rates and signalled confidence in India's ability to navigate global volatility despite geopolitical and market uncertainties.
Economists and market participants are closely tracking RBI's latest projections on inflation, growth and crude oil prices as the central bank unveils its policy verdict.
The Reserve Bank of India (RBI) issued an official statement here on Wednesday stating that reports appearing in a section of the media claiming it sold a portion of its physical gold reserves recently to stabilise the Indian rupee are “not correct”.
According to data released by the Reserve Bank of India (RBI) in its latest annual report, in FY26, the banking industry reported frauds worth Rs 48,021 crore, up 46.4 per cent from Rs 32,803 crore in FY25.
As a result, it expects a worst-case impact of Rs 300 crore (USD 36.12 million) to Rs 500 crore to its annual earnings before interest, tax, depreciation and amortisation (EBITDA).
Life Insurance Corporation of India Ltd can now own up to 9.99% stake in HDFC Bank as the Reserve Bank of India has approved the insurer’s application.
A bench of Justice Mahesh Chandra Tripathi and Justice Prashant Kumar observed this while disposing of a petition filed by one Manmeet Singh.
In comparison, for the year 2022, FDI in India stood at USD 29.11 billion, with FDI by India reaching USD 9.35 billion during the same April-November period.
In the ever-evolving landscape of financial technology (fintech), India has taken a decisive step by urging fintech firms to create a self-regulatory organisation (SRO), as outlined in the recent draft framework by the Reserve Bank of India (RBI).
