Coverage
Reserve Bank of India
Institutionalizing the ₹25,000 Crore Frontier: Inside Aavas Financiers’ Governance & Audit Overhaul
As India's retail affordable housing finance companies (AHFCs) transition toward upper-tier scale under the Reserve Bank of India’s (RBI) Scale-Based Regulatory (SBR) framework, balance-sheet expansion must be matched by institutional governance.
The Programmable State: Inside the RBI’s Directives on CBDC, ULI, and Sovereign Debt
The 36th Conference of State Finance Secretaries, held at the Reserve Bank of India’s Mumbai headquarters on October 27, 2026, marked a decisive pivot in the dialogue between the central bank and sub-national governments.
Sovereign Fortress: Inside the RBI’s New Bhubaneswar Data Centre and Cyber Institute
The formal inauguration of the Reserve Bank of India’s high-security Data Centre and Cybersecurity Training Institute in Bhubaneswar, Odisha, by Prime Minister Narendra Modi marks a watershed moment in India's sovereign financial architecture.
The April 1, 2027 Horizon: Inside RBI’s Triple Directive and the Future of Indian Banking
On October 23, 2026, the Reserve Bank of India (RBI) issued three pivotal communications that collectively redefine the supervisory doctrine of the Indian financial sector: the Leverage Ratio 2017 Standard guidelines (PR 63854), the revised Minimum Capital Requirements for Operational Risk (PR 63858), and the October 2026 Monthly Bulletin (PR 63859).
The De-Risking Blueprint: What Manoj Pasangha’s Elevation Means for Asirvad and Microfinance
The formal elevation of G D Manoj Pasangha as Managing Director & CEO of Asirvad Micro Finance Limited, following Reserve Bank of India (RBI) clearance, marks the completion of a pivotal leadership transition at one of India’s largest NBFC-MFIs.
RBI Imposes Section 35A Restrictions on Puducherry Co-operative Urban Bank; Caps Withdrawals at ₹5,000
The Reserve Bank of India (RBI) has placed Puducherry Co-operative Urban Bank Ltd. under strict supervisory directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, following a severe deterioration in the lender's financial position and liquidity buffers.
RBI MPC Minutes: 25 Bps Rate Hike to 5.50% Unanimous; Stance Shifts to Calibrated Tightening as Q3 CPI Heads to 6%
The Reserve Bank of India (RBI) has published the minutes of the 63rd Monetary Policy Committee (MPC) meeting (held October 5–7, 2026) under Section 45ZL of the RBI Act, 1934.
HDFC Bank Approves 3-Year Reappointment of Former RBI Executive Director Lily Vadera as Independent Director
The Board of Directors of HDFC Bank Limited has approved the reappointment of former Reserve Bank of India (RBI) Executive Director Mrs. Lily Vadera as an Independent Director for a second consecutive term of three years.
Supreme Court Upholds Quashing of YES Bank’s ₹8,415 Cr AT-1 Bond Write-Off: Inside the Legal Fallout and 300 bps CET-1 Hit
In one of the most consequential banking judgments in Indian jurisprudence, the Supreme Court of India has dismissed appeals filed by YES Bank, the Reserve Bank of India (RBI), and the Union Government, upholding the Bombay High Court’s 2023 verdict that set aside the ₹8,415 crore write-off of Additional Tier-1 (AT-1) bonds.
RBI approves amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. with RBL Bank Limited
The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank Limited (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contain
"RBI Will Do Whatever Is Necessary for Orderly Rupee Movement": Governor Sanjay Malhotra Cracks Down on Forex Speculation
The Reserve Bank of India (RBI) will not hesitate to deploy its extensive policy toolkit to curb excessive speculation and ensure orderly conditions in the foreign exchange market, RBI Governor Sanjay Malhotra stated in an exclusive interaction with Moneycontrol.
PNB Housing Finance Sees 5–8 bps NIM Expansion from RBI Rate Hike, Clinches Quadruple ‘AAA’ Rating Sweep: MD & CEO Ajai Shukla
The Reserve Bank of India’s (RBI) decision to raise its benchmark repo rate by 25 basis points to 5.50%—its first rate hike in nearly four years to counteract West Asia-linked inflationary pressures—will generate a net positive margin impact for retail mortgage lenders with diversified funding structures.
CEA V. Anantha Nageswaran Pitches for MSME-Specific Cash-Flow Approach to RBI’s NPA Classification Norms
Chief Economic Advisor (CEA) V. Anantha Nageswaran has called for a structural review of the Reserve Bank of India’s (RBI) Non-Performing Asset (NPA) classification framework for Micro, Small and Medium Enterprises (MSMEs). Highlighting that the Ministry of Finance has been advocating for a reassessment, Nageswaran argued that prudential norms for small businesses must reflect domestic cash-flow cycles rather than a rigid, globally uniform standard.
RBI Cancels Certificate of Registration of 13 NBFCs Across West Bengal and Tamil Nadu
The Reserve Bank of India (RBI), via Press Release 2026-2027/1295 (PRID: 63773) dated October 9, 2026, has cancelled the Certificate of Registration (CoR) of 13 Non-Banking Financial Companies (NBFCs). Invoking its statutory authority under Section 45-IA (6) of the Reserve Bank of India Act, 1934, the central bank has barred these entities from transacting the business of a Non-Banking Financial Institution as defined under **clause (a) of Section 45-I of the RBI Act, 1934
RBI Imposes ₹5 Lakh Penalty on The Monghyr-Jamui Central Co-operative Bank Limited for CKYCR Non-Compliance
The Reserve Bank of India (RBI), via Press Release 2026-2027/1287 (PRID: 63765) dated October 8, 2026, has imposed a monetary penalty of ₹5.00 Lakh (Rupees Five Lakh only) on The Monghyr-Jamui Central Co-operative Bank Limited, Bihar for failing to comply with statutory ‘Know Your Customer (KYC)’ norms.
Double Regulatory Hit: RBI Penalises Hero Fincorp for Excess Interest Collection and Ola Financial for KYC Lapses
In twin supervisory actions, the central bank cracks down on fair-lending pricing transparency at Hero Fincorp and customer risk-profiling compliance at Ola Financial Services.
The HDFC Bank Succession Chessboard: Why the RBI Is Seeking Feedback on Anup Bagchi
As Sashidhar Jagdishan prepares to exit on October 26, the central bank evaluates front-runner Anup Bagchi's three-year hiatus from commercial banking alongside internal contender Kaizad Bharucha's statutory tenure limits.
How HSBC India Built a $14.5 Billion FCNR War Chest to Supercharge Its Wealth & Retail Ambitions
Backed by 19x leverage, GIFT City IFSC structuring, and the RBI's 52-day swap window, the British banking giant is deploying multi-billion-dollar dollar liquidity into branch expansions, retail broking, and fixed-rate mortgages.
Aavas Financiers Appoints Banking Veteran Manu Yeshpal Singh as MD & CEO for 5-Year Term Following RBI Approval
In a significant leadership elevation within India’s specialized mortgage lending landscape, Aavas Financiers Limited (NSE: AAVAS / BSE: 541988) has officially appointed Manu Yeshpal Singh as its Managing Director & Chief Executive Officer (MD & CEO).
Exclusive: Unity SFB Extends Inderjit Camotra’s Tenure by 6 Months as RBI Weighs Approval for New MD & CEO
In a significant leadership development within India’s differentiated banking ecosystem, the Reserve Bank of India (RBI) has granted a six-month extension to Inderjit Camotra, Managing Director and Chief Executive Officer of Unity Small Finance Bank (Unity SFB).
8 NBFCs surrender their Certificate of Registration to the RBI
The following eight Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of
AU Small Finance Bank Poaches Senior Executives from Axis Bank and HDFC Bank Ahead of Universal Bank Transition
With the RBI’s 18-month transition deadline counting down to early 2027, India’s largest SFB appoints Anil Agarwal to head commercial & institutional banking, following the onboarding of CRO Amol Padhye.
The Battle for the Corner Office: Inside HDFC Bank’s Two-Man CEO Succession Race
As Sashidhar Jagdishan prepares to step down on October 26, HDFC Bank's board submits two names to the RBI: Deputy MD Kaizad Bharucha for institutional continuity, and ICICI Prudential Life CEO Anup Bagchi for a strategic retail reset.
RBI Cracks Down: Imposes ₹27.30 Lakh Penalty on ACRE for Management Fee Violations and ₹1.15 Lakh on Jilla Sahakari Bank
The central bank penalized leading asset reconstruction company ACRE under the SARFAESI Act for income recognition breaches, while penalizing Jilla Sahakari Bank for credit bureau reporting and CKYC failures.
Global Fintech Fest 2026: IDFC FIRST Bank CEO V. Vaidyanathan Sees Profitability Improving on $3.6B FCNR(B) Deposits
IDFC FIRST Bank mobilized ₹30,000 crore in foreign currency non-resident deposits under the RBI concessional window, creating a 55 bps funding arbitrage to retire expensive wholesale debt.
Institutional Intelligence Report | Banking & Regulatory Affairs
What RBI’s Coordinated Action Against Credit Bureaus and NBFCs Signals for Financial Governance
RBI and Finance Ministry Mandate Dual Governance Overhaul Across Cooperative Banks and PSU Insurers
When the central bank tightens governance across urban cooperative banks on the same day the finance ministry orders state-owned insurers to abandon unprofitable lines, India’s financial regulators send an unmistakable signal: the era of chasing unhedged top-line volume is officially over.
RBI Integrates Cooperative Banks into Digital Fraud Intelligence Platform and Releases Q1 BoP Data
When the central bank moves simultaneously to fortify grassroots cooperative banking, integrate lenders into a national digital fraud intelligence platform, and release external balance-of-payments data, monetary and supervisory governance works in complete lockstep.
Kotak Mahindra Bank Recommends Anup Saha and Paritosh Kashyap to RBI for CEO Role
When a premier private bank navigates its second chief executive transition in three years by putting forward two internal leaders, corporate governance shifts from external transformation back to core balance sheet continuity.
Bank Credit Surges 18.56% to ₹226 Lakh Crore as Deposit Growth Lags at 14.66%: RBI Data
When aggregate bank credit surges 18.56 percent while deposits grow at 14.66 percent, the structural liquidity gap across India’s banking system deepens into a high-stakes deposit battle.
RBI Imposes Penalties on Three Karnataka Cooperative Banks for Director Loans, NPA Lapses, and Exposure Breaches
When central bank audits reveal repeated instances of director-related lending and delayed bad-loan recognition, regulatory penalties serve as a critical reminder that governance standards apply equally across all tiers of banking.
RBI Swap Window Mobilizes Record $72.85 Billion in Forex Inflows Ahead of August 31 Deadline
When a central bank swap window mobilizes over 72 billion dollars in foreign exchange within 75 days, sovereign liquidity management transforms into a historic capital magnet.
RBI Imposes Penalties on Shri Ram Finance Corp and Progfin Over Governance and KYC Lapses
When the central bank penalizes non-bank lenders for board changes and missing KYC review cycles, regulatory enforcement moves from macro capital adequacy into ground-level operational compliance.
Government Appoints Former ISRO Chief Dr. S. Somanath to RBI Central Board
When the central bank appoints the aerospace pioneer behind India’s space missions to its apex governing board, national financial stability becomes inseparable from mission-critical deep technology.
Government Reappoints Anand Mahindra to RBI Central Board for 4-Year Term
When the central bank reappoints one of India’s most seasoned industrial leaders to its apex governing board, real-economy perspectives gain a direct voice in monetary and financial governance.
RBI Allows LIC to Raise Its HDFC Bank Stake Up to 9.99%
LIC currently holds a 4.11 percent stake in HDFC Bank, giving the insurance giant regulatory headroom to acquire an additional 5.88 percent stake from the open market over a 12-month enabling window.
RBI FCNR(B) Swap Window Early Closure
The Reserve Bank of India (RBI) unexpectedly announced the early termination of its special USD-INR swap facility for new FCNR(B) deposits, moving the deadline from September 30 to August 31, 2026.
Single-day RBI crackdown
Central bank fines 4 financial institutions for compliance lapses.
RBI's Malhotra: AI can 'extend the frontier of bankable India'
At FIBAC 2026 the Governor backed alternative-data underwriting — and SBI disclosed it wrote nearly ₹1 lakh crore of MSME loans on AI models in FY26.
ICICI Bank reappoints Ajay Kumar Gupta as Executive Director
The RBI-approved two-year term runs to November 2028, extending a three-decade tenure across credit, technology and analytics.
Four RBI and judicial moves reshaping Indian banking this month
A repo-rate hold at 5.25%, mandatory anti-fraud SOPs, the reopening of urban cooperative bank licences, and tighter lending-rate transparency.
HDFC Bank delays CEO Jagdishan's reappointment recommendation to RBI
India's largest private bank is running an extra internal review into deposit-pricing allegations before formally seeking a term extension for MD & CEO Sashidhar Jagdishan.
Axis Bank lifts Max Life stake to 19.99% for ₹381 Cr, eyes 30%
A ₹3,900 crore follow-on investment would take Axis Bank's holding in Axis Max Life Insurance to the new RBI-permitted ceiling of 30%.
Jana Small Finance Bank taps TVS for 9.9% stake to shift loan mix toward secured two-wheeler financing
The bank is trading equity for direct access to TVS's dealer network, using the partnership to pivot away from unsecured lending as RBI pressure mounts.
RBI approves Rajiv Kumar as HDFC Bank part-time chairman for three years
India's former Chief Election Commissioner and ex-Union Finance Secretary takes the board's helm from July 15, succeeding interim chairman Keki Mistry.
Sitharaman directs public banks to chase NRI deposits at 7.5% to shore up forex
The finance minister has launched a coordinated capital mobilization campaign targeting the global Indian diaspora, leveraging RBI's removal of interest rate caps on FCNR(B) deposits.
Tata Capital acquires 88.6% stake in Yogloans to enter gold lending at ₹318 Cr valuation
The move gives Tata Capital instant access to ₹708 crore in gold loan assets and 162 branches across South India, marking a strategic pivot into secured lending as RBI pressures unsecured consumer credit.
SBI pulls $1.5 billion in FCNR deposits after RBI hedge subsidy
A hedging cost subsidy from the RBI let State Bank of India offer up to 7.5% dollar deposit rates backed by 9x leverage, drawing $1.5 billion in global capital.
RBI clears Canara Bank veteran Mahesh Pai as new MD & CEO of South Indian Bank
Pai takes over from P. R. Seshadri on October 1, bringing decades of large-scale retail distribution experience to a bank mid-way through a retail-led turnaround.
RBI approves Vishwanathan's re-appointment as Axis Bank chairman for three more years
The former RBI Deputy Governor brings four decades of central banking experience to the board, positioning Axis to navigate tightening regulatory scrutiny in retail and digital lending.
RBI mandates TReDS platform interoperability to break 90% market concentration
The Reserve Bank has released a process note linking all invoice discounting platforms, ending the silo structure that locked MSMEs into single-platform relationships and concentrated market power among three players.
HDFC Bank appoints Rajiv Kumar, ex-CEC and Finance Secretary, as non-exec chairman
The 1984-batch IAS officer will assume a three-year tenure as chairman pending RBI approval, following Atanu Chakraborty's resignation and a period of interim leadership.
Jana Holdings cuts stake in Jana Bank from 16.95% to below 10% after debt default
The promoter entity has failed to meet bond repayment obligations, forcing a rapid liquidation of its equity stake. The bank itself remains unaffected due to RBI ring-fencing rules.
SBI Cards tops May acquisition race as Indian credit card issuance hits 120 Cr milestone
The RBI's latest data shows a widening gap: banks are issuing cards 34% faster year-on-year, but spending growth has slowed to just 6.3%, signalling a potential shift in consumer borrowing behaviour.
RBI opens term money market to HFCs and AIFIs, unlocking cheaper capital
The central bank's draft directions will let Housing Finance Companies and All India Financial Institutions borrow and lend directly in the inter-bank liquidity pool, historically reserved for large banks and primary dealers.
Suryoday SFB board approves ₹500 Cr raise to fund pivot away from microfinance
The ₹300 Cr equity, ₹200 Cr debt fundraise is aimed at building capital adequacy for a shift into secured retail lending as RBI tightens scrutiny on unsecured loans.
Bandhan Bank raises FD rates up to 20 bps as deposit competition intensifies
Senior citizen FD yields near 8% even as RBI holds the repo rate unchanged, signalling a liquidity squeeze rather than a policy-driven rate move.
RBI raises NBFC-IFC lending limit to 45% to unlock infrastructure project funding
The central bank increased the large exposure cap for top-tier infrastructure finance companies, removing a key bottleneck in mega-project financing.
RBI Governor calls for mindset shift as banks rethink MSME lending strategy
Reserve Bank of India Governor Sanjay Malhotra has pushed banks to move beyond hitting priority sector targets and build genuine MSME partnerships, backed by new digital infrastructure.
How Bandhan Bank became India's first microfinance-to-universal bank in 14 years
Chandra Shekhar Ghosh left a ₹5,000/month salary to build a microfinance institution on trust. The RBI's 2015 universal banking licence made Bandhan the first MFI to cross that bridge.
RBI's NRI deposit rate hike triggers 'break and rebook' crisis at Indian banks
Commercial banks face pressure from high-net-worth NRI clients demanding early exit from low-yield deposits to capture newly announced 7.1% rates. Banks are seeking regulatory relief from the Reserve Bank of India.
RBI cancels Shree Mahalaxmi Urban Co-op Bank licence; 97.9% depositors covered
The regulator ordered liquidation citing inadequate capital and no earning prospects, but DICGC insurance means nearly all depositors recover their money in full.
RBI extends Keki Mistry's interim HDFC Bank chairmanship to September 2026
After clearing the bank of any wrongdoing in its Chairman's abrupt resignation, HDFC Bank opts to extend its interim leader rather than rush a permanent successor.
PSU banks double green deposits in one year under RBI framework
State Bank of India and Bank of Baroda have deployed green deposits entirely into renewable energy and EV loans, proving the RBI's ring-fenced capital model is working at scale.
RBI revokes NBFC licences for 135 entities over compliance failures
The Reserve Bank of India has cancelled registrations for 135 non-banking finance companies across India, citing regulatory violations and inactive operations. The majority of revoked entities were based in West Bengal.
Banks racing to lock $40 billion in foreign deposits via FCNR rate spike
PNB and Ujjivan SFB have sharply raised USD deposit yields to attract NRI capital, part of an RBI-backed strategy to plug the current account deficit and shore up forex reserves.
RBI to absorb hedging costs as banks target ₹35-40B in NRI deposits
The central bank is removing barriers to FCNR(B) deposits to attract dollar inflows from non-residents, allowing Indian banks to offer rates that compete with U.S. Treasury yields.
RBI penalizes Canara Bank for KYC delays and account misclassification lapses
The regulator flagged two operational deficiencies during a statutory inspection: failure to upload customer KYC records to the central registry on time, and improper classification of active accounts as inoperative.
Bombay High Court quashes FIR against HDFC Bank MD; RBI finds no governance issues
A judicial clearance and regulatory endorsement end weeks of market speculation over alleged governance failures at India's largest private bank.
IndusInd Bank faces insider trading probe; ₹46 cr illicit gains alleged
A whistleblower complaint names a former zonal head for allegedly generating ₹46 crore through trades worth ₹815 crore before public disclosures. RBI and SFIO are now reviewing the bank's financials.
Axis Bank raises stake in Max Life to 19.99% with ₹380 crore investment
Following RBI approval, Axis Bank and its subsidiaries have deepened their bancassurance partnership by acquiring additional equity shares, pushing their combined holding just below the 20% threshold.
RBI approves Elias George as Federal Bank board chairman for three-year term
The former IAS officer and Kochi Metro Rail MD takes the helm from May 23, 2026, bringing decades of public administration and governance experience to the lender's board.
RBI caps UCB director tenure at 10 years, mandates 3-year cooling-off period
New amendments effective this week plug a long-standing governance loophole where co-operative bank directors would resign and get re-elected to reset their tenure clocks.
RBI flags farm loan fee levy and SHG data gaps in bank compliance audit
A statutory inspection revealed a bank improperly charged fees on small agricultural loans and failed to report member-level SHG data to credit bureaus—exposing core banking system weaknesses.
RBI extends ICICI Bank chief Bakhshi's term to 2028, signalling regulatory confidence
The central bank has approved a two-year extension for Sandeep Bakhshi, validating the bank's turnaround from corporate lending risks to a retail-focused model.
Central Bank of India to launch GIFT City IFSC unit in first week of next month
The bank has secured RBI and IFSCA approvals to operationalise its International Financial Services Centre Banking Unit, marking its entry into India's offshore financial hub.
RBI cancels registrations of 150 NBFCs in regulatory crackdown
The central bank issued enforcement action on 150 non-banking financial companies on May 14, while restoring one and accepting surrenders from seven others.
RBI cancels Sarvodaya Co-operative Bank licence over capital shortfall
The central bank has shut down the Mumbai-based lender, citing inadequate capital and regulatory non-compliance. Most depositors will be protected under DICGC insurance.
Kotak wins RBI nod to buy up to 9.99% stakes in AU Small Finance and Federal Bank
The move gives Kotak strategic exposure to two separate banking franchises without immediate merger risk, raising questions about how Indian banking consolidation may unfold.
RBI tightens collateral recovery rules to plug moral hazard in bad-loan resolution
New draft rules bar banks and NBFCs from selling seized immovable assets back to borrowers or related parties, and require disposal within seven years. The move targets opacity in how lenders recover on defaulted loans.
RBI explores state-bank dollar bonds as rupee defence shifts beyond intervention
The central bank is considering foreign-currency bond issuance by PSU banks to attract dollar inflows, signalling a pivot from reserve-depletion tactics to sustainable balance-of-payments management.
RBI approves Subrat Mohanty's reappointment as Axis Bank Executive Director
The central bank has confirmed a three-year renewal for Mohanty, extending his tenure at the lender until August 2029. The move underscores continuity in leadership at one of India's largest private banks.
Banks seek RBI nod for parallel fraud investigations with law enforcement
Leading Indian banks have approached the Reserve Bank seeking permission to run internal fraud probes alongside CBI and police inquiries, aiming to cut delays in classification and recovery.
RBI finds no governance issues at HDFC Bank after supervisory review
The central bank has cleared HDFC Bank following a detailed examination, stating the lender remains stable and well-managed despite recent leadership changes.
RBI holds repo rate at 5.25% as rupee hits ₹93.94 and FPIs pull ₹1.5 trillion
Governor Sanjay Malhotra kept rates unchanged for the second straight meeting, signalling a pause as crude oil surges above $100/barrel and imported inflation risks mount.
RBI's April 8 decision faces trilemma: rupee defence, inflation control, growth support
The Monetary Policy Committee meets April 6–8 as economists split on whether to pause or hike rates. A stronger rupee demands defending; a weaker economy demands support.
RBI eases NOHC requirement for AU Small Finance Bank's universal bank transition
The central bank has relaxed structural compliance rules for AU Small Finance Bank, removing an immediate hurdle as the lender upgrades its license. The exemption signals a more adaptive regulatory stance toward scaling smaller banks.
RBI warns Middle East conflict poses inflation and liquidity risks to India's economy
An RBI MPC member flagged geopolitical tensions in the Middle East as a near-term economic threat, citing India's heavy reliance on oil imports and remittances from the Gulf region.
RBI Deputy Governor warns fintech: ethics is the guardrail for speed, not its enemy
Swaminathan J underscores that digital transparency on terms, charges and consent isn't compliance theatre—it's the foundation of sustainable innovation in financial services.
RBI modernises 1969 banking framework with CD ratio benchmarks and district accountability
New draft guidelines introduce a 60% Credit-Deposit ratio target for rural branches and mandatory action plans for underperforming districts, reshaping how banks allocate capital across regions.
300 million bank workers strike Feb 12 demanding 5-day week parity with RBI
India's second major bank strike in two weeks targets work schedules as digital banking expands. Branch staff seek parity with regulators and other financial institutions already operating 5-day weeks.
RBI flags ₹20,000-25,000 crore loan misclassification; ICICI Bank ordered ₹1,283 crore provision
India's second-largest private bank faced regulatory action after the RBI's supervisory review found agricultural priority sector lending was inaccurately classified, triggering a one-time provision and tempering Q3 profit growth.
ICICI Bank's 4% profit dip masks 6% core operating gain and stronger asset quality
Despite a ₹11,318 crore net profit decline YoY, ICICI Bank's Q3 FY26 results show operational resilience, driven by RBI-mandated provisions and regulatory compliance rather than core business weakness.
RBI mandates auditor certification for Priority Sector Lending claims
Banks, NBFCs, and MFIs must now obtain independent auditor verification to claim PSL benefits, tightening regulatory oversight and data integrity.
RBI tightens rules on legacy loan provisions, pressures private bank earnings
ICICI Bank and peers face heightened capital requirements for legacy credit issues, weighing on quarterly profits. Most loan portfolios remain sound despite the regulatory push.
Japan's SMBC gets RBI nod to set up wholly-owned subsidiary in India
Sumitomo Mitsui Banking Corporation has received in-principle approval to establish independent operations in India, signalling renewed confidence in the country's banking sector from a major global lender.
RBI holds rates steady in February, opts for liquidity injection over hikes
The central bank is pausing rate moves despite inflation pressures, instead planning to inject cash into the banking system as it awaits fresh data.
RBI set to restart urban co-op bank licenses after 22-year freeze
The central bank has proposed reopening the door to new urban co-operative bank licenses, halted since 2001, with strict capital requirements to prevent repeat failures.
RBI liquidity injection targets lower borrowing costs as inflation cools to 1.33%
India's central bank has injected cash to ease liquidity conditions, while inflation remains subdued at 1.33%, potentially setting the stage for cheaper credit across home loans and business funding.
RBI tightens guarantor rules for NRIs, demanding stricter approvals and reporting
Indian residents acting as guarantors for Non-Resident Indians now face stricter RBI oversight, closer FEMA compliance checks, and tighter reporting timelines to prevent cross-border financial leakage.
RBI to oversee Delhi govt's banking and public debt operations
The central bank has signed an agreement to manage state-level financial administration, signalling tighter fiscal coordination across India's public finance system.
Bank unions call January 27 strike for 5-day week; could shut 6-day branches
UFBU demands alignment with RBI and government offices. Public sector banks face potential three-day shutdown if strike proceeds.
RBI to unveil national net banking switch at Global Fintech Fest 2025
Governor Sanjay Malhoria will launch India's new cross-bank digital transaction backbone in October, signalling the country's push toward world-class banking infrastructure.
RBI flags indirect fund flows from Pakistan as high-risk after conflict investigations
On August 6, 2025, the Reserve Bank issued an advisory requiring banks to tighten scrutiny over funds routed through third countries from Pakistan, citing terror financing and arms procurement concerns.
RBI cuts claim settlement to 15 days, scraps legal docs for accounts up to ₹15 lakh
Banks must now settle deceased customer claims in a fortnight with just three documents. Non-compliance triggers interest penalties and daily fines.
RBI cuts CRR from 4% to 3% in four phases through November 2025
A phased reduction will inject ₹2.5 lakh crore into the banking system, expanding lending capacity and supporting the central bank's 6.5% GDP growth target for FY26.
RBI caps bank and NBFC AIF investments at 10% per institution, 20% aggregate
New Alternative Investment Fund rules effective January 1, 2026 limit regulated entities' exposure to individual funds and require stricter provisioning when AIFs finance their own borrowers.
₹67,000 crore in unclaimed bank deposits sits idle across Indian lenders
Public sector banks hold 87% of dormant funds, with SBI accounting for ₹19,330 crore. The RBI's UDGAM portal has already attracted 8.59 lakh users searching for their lost wealth.
RBI Governor Rules Out Banking Licences for Corporate Conglomerates
Sanjay Malhotra has firmly closed the door on proposals to allow industrial houses or their NBFCs to hold banking licences, citing conflict-of-interest risks to depositor safety.
RBI Deputy Governor calls for sharper governance and risk controls in UCBs
Reserve Bank of India Deputy Governor Swaminathan J has urged Urban Cooperative Banks to strengthen governance, enhance risk management, and adopt secure technology to bolster resilience and depositor trust.
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