The fact-checking unit of the Press Information Bureau (PIB) has called the assertion as "fake" and added that it is unsupported by official data.
The Central Board of Reserve Bank of India (RBI) approved a record surplus transfer of Rs 2.87 trillion to the Central government for 2025-26.
Sanjay Malhotra said the rising energy prices due to the ongoing Iran war were testing India's flexible inflation targeting. This necessitates potential policy intervention by the central bank.
The central bank announced the withdrawal of ₹2,000 denomination banknotes from circulation on May 19, 2023.
When regulators move early, markets often complain. That familiar tension is now visible in India’s banking sector as the Reserve Bank of India pushes lenders toward a more rigorous, forward-looking assessment of loan risk.
When a central bank moves to shut down parts of a $100-billion-plus daily market, it is not merely regulating ~ it is signaling distress.
Speaking at the Axis Champions Awards held at Axis House in Mumbai, the Deputy Governor said that while banks often celebrate performance, true institutional strength lies in how results are achieved.
The Central Bank has already lowered the repo rate by 125 basis points since February 2025 to 5.25 per cent.
The government has approved revised wages and pensions for RBI, NABARD and public sector insurers, offering higher pay, improved pensions and substantial arrears from 2022.
Delivering a special address at the 3rd Annual Global Conference of the College of Supervisors in Mumbai, Murmu noted that while digitalisation has improved efficiency, transparency, competition, and access to financial services, it has also introduced new and complex risks that can spread rapidly across interconnected systems.
