Reserve Bank of India News

Key bank lending rates, such as the one-year marginal cost of funds-based lending rate (MCLR) and auto loan rate, eased 15 bps to 8.75 per cent and 7 bps, respectively to 9.19 per cent, while deposit rates eased 3 bps to 6.37 per cent during the month making it cheaper for banks to raise funds, the Crisil Research report said.

RBI has announed the transition of Cheque Truncation System (CTS) from the current approach of batch processing to continuous clearing with settlement on realisation.

The high one-year-ahead growth and inflation forecasts from RBI have led some market participants to believe RBI will be hesitant in further easing, but the central bank may lower its forecast and cut rates, according to the report from HSBC Global Investment Research.

Reinforcing this requirement, the RBI, through a letter on September 30, 2024, reiterated that all customer communications must invariably be issued in a trilingual format — Hindi, English, and the relevant regional language — to ensure transparency, clarity, and convenience for all, the Minister said further.

Reserve Bank has released today the draft circular inviting comments on Settlement of Claims in respect of Deceased Customers of Banks Directions, 2025.

Reserve Bank of India Governor Sanjay Malhotra announced three Additional Measures in today's RBI Policy.

RBI Governor Sanjay Malhotra pointed out that the prospects of external demand remain uncertain amidst ongoing tariff announcements and trade negotiations. 

Contrary to widespread expectations of a rate cut, the Reserve Bank of India (RBI) kept the key interest rates unchanged on Wednesday.

What are unclaimed bank deposits? Who gets the unclaimed bank deposit money when there is nobody to claim the amount? Here is all you want to know.

Considering the ease in inflation in recent months, the RBI may leave the repo rate unchanged in the next two MPCs.

Sovereign Gold Bond (SGB) Scheme are government securities denominated in grams of gold, substituting for holding physical gold. SGBs are issued by Reserve Bank on behalf of Government of India.

The Reserve Bank Of India in its FAQs on Master Direction (MD) - Credit Card and Debit Card – Issuance and Conduct Directions, 2022 mentions all the details of credit and debit cards --unsolicited issued, card fee, loan rights among others. What should a customer do if he/she has been issued a credit card without his/her consent? Read on.

The RBI regularly conducts VRRR auctions to manage liquidity in the system and keep short-term interest rates aligned with its monetary policy stance. The move is aimed at reducing the excess liquidity currently present in the banking system. 

RBI has detered banks and other lenders to charge pre-payment penalties on all floating-rate loans and advances, including for business purposes, availed by individuals and micro and small enterprises (MSEs) for all loans and advances sanctioned or renewed on or after January 1, 2026.

The country’s scheduled commercial banks continued to record improvement in their asset quality, with the GNPA ratio and NNPA ratio declining to multi-decadal lows of 2.3 per cent and 0.5 per cent, respectively, the report states.

The move comes in response to the Reserve Bank of India’s (RBI) directive, which asked the bank to submit its CEO recommendations by June 30.

Crisil Ratings Director Subha Sri Narayanan highlighted that the final guidelines are more business-friendly than the draft released in May 2024. 

According to the Knight Frank Affordability Index, Ahmedabad is the most affordable housing market among the top eight cities, with a ratio of 18 per cent, followed by Pune at 22 per cent and Kolkata at 23 per cent.

RBI has said, the amended instructions shall come into force with immediate effect.