The country’s largest lender State Bank of India (SBI) has requested the Reserve Bank of India (RBI) to allow banks to fund acquisitions, the bank’s chairman Challa Srinivasulu Shetty said on Monday. Currently, Indian banks are not allowed to lend for mergers and acquisitions. Because of this rule, when companies plan to buy other businesses, they usually turn to non-banking…
The Reserve Bank of India (RBI) is staying cautious on interest rate changes, with Governor Sanjay Malhotra warning of persistent global uncertainties—particularly around tariffs—that could disrupt economic momentum. In the Monetary Policy Committee (MPC) meeting held from August 4 to 6, the RBI decided to keep the repo rate unchanged at 5.5 per cent. Minutes…
India’s foreign exchange reserves (forex) recorded a massive drop, according to official data released by the Reserve Bank of India. They fell by USD 9.32 billion to USD 688.871 billion in the week ended August 1, it added. In the latest monetary policy meeting, RBI Governor Sanjay Malhotra said that the foreign exchange reserves are…
The Reserve Bank of India (RBI), in its latest August 2025 Monetary Policy Committee (MPC) meeting, decided to hold the repo rate steady at 5.50%, retaining its neutral stance. This comes after a significant 100-basis-point cut in June 2025 and a reduction in the Cash Reserve Ratio (CRR) to 3% by the end of 2025,…
The Securities and Exchange Board of India (SEBI) has directed the disgorgement of Rs 949.43 crore in 76 investment-related fraud cases between April 2020 and March 2025, according to information shared in Parliament on Tuesday. Minister of State for Finance Pankaj Chaudhary informed the Rajya Sabha that the highest disgorgement occurred in FY 2021-22 at…
The Reserve Bank of India (RBI) will soon issue a clarification on which small banks can become universal banks. It may soon issue the guidelines on what will be the requirements related to listing, time limit, and universal bank license. RBI wants that after getting clarity, Small Finance Banks should not take much time to…