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The RBI has approved LIC to acquire up to 9.99 per cent of ICICI Bank’s paid-up share capital or voting rights within one year. The approval is subject to regulatory conditions and does not mean LIC has immediately raised its stake

India’s economy grew 7.8 per cent in the April-June quarter of FY27, beating expectations and the RBI’s 7 per cent forecast. Despite geopolitical tensions and the Iran conflict, strong domestic activity helped sustain growth, keeping India the fastest-growing major economy

The rupee edged up 2 paise to close at 95.43 against the US dollar, supported by falling crude oil prices and gains in domestic equities. However, a stronger dollar and foreign investor outflows limited gains, traders said

The rupee gained 6 paise to settle at 95.39 against the US dollar on Friday, supported by lower global crude prices and RBI intervention. However, a stronger dollar and foreign investor outflows kept the domestic currency under pressure

The rupee strengthened 26 paise to close at 95.44 against the US dollar on Tuesday, supported by gains in domestic equities, a weaker dollar and falling crude prices. Analysts said RBI intervention and oil prices would remain key near-term drivers

SBI Research highlighted a communication divergence in the RBI’s latest monetary policy cycle, with MPC minutes appearing more hawkish while Governor Sanjay Malhotra adopted a cautious, data-dependent stance. Markets now face uncertainty over a possible October rate hike amid domestic and global risks

Borrowers get enforceable rights out of it. Most never use them because the framework does not get discussed at the point of borrowing. This guide walks through what those rights actually are and how to use them when a lender crosses a line.

The rupee settled nearly flat at 95.71 against the US dollar on Friday after paring early gains. While a weaker dollar and positive domestic market sentiment offered support, geopolitical tensions and crude oil concerns limited the currency’s rise

The rupee fell 19 paise to close at 95.61 against the US dollar on Monday, pressured by weak domestic equities and rising crude prices. Traders expect a slight negative bias amid delayed US-Iran talks, broader dollar support and changing FCNR(B) deposit rules

Yes Bank expects the RBI to maintain a wait-and-watch approach on interest rates despite rising inflation, as supply-side shocks have not triggered broad second-round effects. July WPI inflation eased slightly to 9.8 per cent, while manufacturing input pressures remain elevated

The rupee gained 3 paise to close at 95.42 against the US dollar, supported by a weaker greenback overseas. However, foreign fund outflows, elevated crude oil prices and geopolitical uncertainties kept pressure on the domestic currency

RBI’s recent liquidity measures and regulatory reforms could help India’s banking sector attract nearly $50 billion in capital, strengthening liquidity and capital buffers. A Uniqus Consultech report said FCNR(B) deposits and policy changes have boosted foreign currency inflows

The rupee weakened 12 paise to 95.45 against the US dollar on Thursday as weak domestic markets, foreign fund outflows and geopolitical concerns pressured investor sentiment. Strong dollar demand also weighed on the currency, while crude prices and RBI intervention offered support

RBI Governor Sanjay Malhotra urged banks to maintain meaningful human oversight while deploying artificial intelligence, stressing that accountability for AI-driven decisions must remain with banks. He called for explainable models, stronger governance, data privacy, bias controls and safeguards against cybersecurity risks

Banks wrote off nearly Rs 9.95 lakh crore in loans to large corporates and services over 12 financial years, Parliament was informed. The government said write-offs do not waive borrower liabilities, while recoveries continue. Fiscal and external debt indicators remain stable

Union Cooperation Minister Amit Shah urged urban cooperative banks to change their perception of the RBI, citing its recent support for the sector. He also called for all 1,400 UCBs to join NUCFDC, highlighting its benefits in technology, compliance and cybersecurity

Union Minister Amit Shah on Saturday urged urban cooperative banks to adopt technology, improve transparency and modernise customer services to remain competitive. He asked all UCBs to join NUCFDC within a year, stressing stronger governance and customer prosperity to strengthen the sector

Indian security agencies have detected a shift in counterfeit currency operations, with fake lower denomination notes allegedly replacing earlier Rs 500 counterfeits. Officials warn of possible attempts by criminal networks to circulate Rs 10, Rs 20 and Rs 50 fake notes

RBI Governor Sanjay Malhotra said India may introduce polymer currency notes by FY28 after ongoing field trials assess durability and suitability. The pilot involves Rs 10 and Rs 20 denominations, with polymer notes expected to complement existing paper currency rather than replace it

The RBI kept the repo rate unchanged at 5.25 per cent for a third straight policy meeting, while maintaining a neutral stance. It raised its FY27 GDP growth forecast to 6.7 per cent, lowered the inflation projection to 5 per cent and cited global uncertainties.