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The Reserve Bank of India has approved the reappointment of former Deputy Governor R. Gandhi as Yes Bank’s part-time chairman from September 2025 to May 2027. Gandhi, a veteran central banker with 37 years’ experience, previously served in RBI, SEBI, and IDRBT
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The government has appointed former RBI Governor Urjit Patel as India’s Executive Director at the International Monetary Fund for three years, replacing KV Subramanian. Patel, who earlier served at the AIIB and IMF, resigned as RBI Governor in 2018
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RBI Governor Sanjay Malhotra stressed that the central bank remains focused on growth despite tariff and geopolitical challenges. He urged banks and corporates to revive investments, assured sector-specific support, and confirmed upcoming measures to expand credit and enhance financial inclusion
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Nearly all Rs 2,000 banknotes have returned to the RBI, with only Rs 6,017 crore—just 1.69 per cent of the total value—still in circulation as of July 31, Finance Minister Pankaj Chaudhary informed Parliament. The withdrawal began in May 2023
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The Reserve Bank of India could consider further repo rate cuts if GDP growth underperforms and the US Federal Reserve adopts aggressive easing. HSBC Mutual Fund says liquidity will stay ample, with corporate bonds offering attractive spreads
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Cheaper food and fuel prices drive down wholesale and retail inflation; RBI projects CPI at 3.1 per cent for 2025–26
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From October 4, 2025, RBI will mandate banks to clear cheques within hours instead of up to two days. The Cheque Truncation System will shift to continuous clearing in two phases, enhancing efficiency, reducing settlement risks, and improving customer experience
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ICICI Bank has rolled back its minimum average balance hike after public backlash, reducing it to Rs 15,000 for metro and urban customers, Rs 7,500 for semi-urban, and Rs 2,500 for rural areas. Penalties still apply for balances below the limit
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Shares of One97 Communications, Paytm’s parent, surged nearly 6% to a 52-week high after the RBI granted in-principle approval for Paytm Payments Services to operate as an online payment aggregator, lifting a 2022 ban on onboarding new merchants
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The RBI projects inflation at 3.1 per cent for 2025–26, with a likely uptick above 4 per cent by year-end.
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Manush Shah and Anusha Kutumbale emerged champions in the UTT National Ranking Table Tennis Championships in Vadodara, with commanding performances in their respective singles finals. Youth titles also went to Priyanuj and Syndrela
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SBI Chairman Challa Sreenivasulu Setty donated Rs 50 lakh worth of educational infrastructure, AI labs, and e-vehicles under CSR, supporting rural education and self-help groups across Telangana
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Telangana Congress government has borrowed over 59% of its annual target in under five months. Experts warn this early borrowing surge could limit financial flexibility amid concerns over lack of new projects
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The rupee fell by 8 paise to 85.70 against the US dollar in early trade Thursday, pressured by sustained FII outflows, dollar demand from the RBI, and global risk sentiment. Traders await NFP data and India-US trade deal cues.
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Gross foreign direct investment (FDI) inflows remained strong, rising by around 14 per cent to USD 81 billion in 2024-25, from USD 71.3 billion a year ago. However, net FDI inflows moderated to USD 0.4 billion in 2024-25, from USD 10.1 billion a year ago.
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RBI Governor Sanjay Malhotra announced a 50 bps repo rate cut to 5.5% amid falling inflation, now at 3.2%. The central bank also slashed CRR by 100 bps in phases, while shifting its policy stance from accommodative to neutral.
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As of April 9th, 2025, the RBI reduced the repo rate by 25 basis points (bps). It brought it down from 6.25% to 6.00%. This is the second reduction in 2025, with the previous cut also being 25 bps in February 2025.
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The BRS working president cited the report of the Supreme Court-appointed Central Empowered Committee (CEC), which, confirmed financial impropriety and recommended a thorough investigation involving Central agencies. He pointed out that with cities choking, environmental protection is paramount.
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The 25 basis points rate cut is expected to boost demand for home, auto, and personal loans, particularly in tier 2 and tier 3 markets, where borrowers are more sensitive to interest rates, said Binod Kumar, MD and CEO of Indian Bank. With retail loans having grown over 18 percent year-on-year, a lower interest rate environment could further drive consumption and strengthen economic momentum.
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The present framework limits co-lending to partnerships between banks and non-banking financial companies (NBFCs) to priority sector lending such as agriculture, micro-enterprises and loans to weaker sections