This weekly compilation presents data-based insights through charts to examine key economic developments from the past week. The focus areas include monetary policy signals from the central bank, agricultural challenges linked to weather patterns, and shifts in employment within rural regions. The Reserve Bank of India released minutes from its latest policy meeting. These documents...
Revolving credit allows borrowers in India to access funds up to a preset limit and repay the amount over time with interest charged only on the outstanding balance. Credit cards represent the most common form of this facility. Users can make purchases or withdraw cash and then choose to pay the full balance or a...
State Bank of India, the nation’s biggest lender, is set to reenter the public dollar bond market after nearly a year. Three merchant bankers indicated on Tuesday that the bank anticipates robust demand for its planned five-year issue. The bonds will be offered via the lender’s London branch, with initial price guidance around 120 basis...
The government has created legal space to impose taxes on the electronic payment system it promoted for a decade. An amendment in the Taxation and Other Laws (Amendment) Bill, 2026, to Section 10A of the Payment and Settlement Systems Act, 2007, would permit charges on certain digital payment methods. Officials propose a Merchant Discount Rate...
Mumbai: Indian government bonds showed little movement early Monday, balancing softer-than-expected U.S. employment figures that reduced chances of a Federal Reserve rate increase against climbing oil prices that kept market participants cautious. The U.S. Labor Department reported Friday that the unemployment rate dropped to 4.1 percent last month from 4.2 percent in June, as labor...
Examination of sectoral credit patterns from January 2009 to May 2026 reveals that this type of even expansion is uncommon. Only five intervals saw overall bank lending rise 14% or more for two quarters or longer. Yet concurrent increases of 14% or higher across sectors over an extended stretch took place just once earlier, from...
The Reserve Bank of India left its key interest rate unchanged at 5.25 percent for the fourth consecutive meeting and kept a neutral policy stance, indicating decisions will depend on incoming data. It raised its full-year growth projection to 6.7 percent while trimming the inflation forecast to 5.0 percent. Both manufacturing and services activity expanded...
New Delhi: The Reserve Bank of India plans to release the country’s first polymer currency notes at the start of financial year 2028. The initial phase will involve Rs 10 and Rs 20 notes in a limited rollout. This step represents a significant change in currency handling, focused on increasing note lifespan and boosting overall...
Indian government bonds edged higher early Thursday, extending gains from the prior day’s rally after the central bank’s dovish policy stance. Investors stayed cautious before Friday’s debt sale. The benchmark 6.94% 2036 bond yield reached 6.7588% at 11:10 a.m. IST, compared with 6.7722% at Wednesday’s close after a nearly 5 basis point drop. New Delhi...
New Delhi: The Reserve Bank of India’s Monetary Policy Committee decided on Wednesday to maintain the benchmark repo rate at 5.25 percent and preserve its neutral stance. Officials cited the need for clearer data on inflation trends given uncertainties over the southwest monsoon, El Niño effects, geopolitical tensions and global trade shifts. RBI Governor Sanjay...
Real estate industry groups CREDAI and NAREDCO welcomed the Reserve Bank of India’s choice to leave the repo rate unchanged on Wednesday. They said steady home loan rates would support continued demand for housing. The central bank held its key policy rate steady for the fourth straight meeting, waiting for more clarity on whether rising...
Polymer currency notes will enter circulation in India from the start of the next financial year, Reserve Bank of India Governor Sanjay Malhotra stated on Wednesday. The central bank remains in a testing phase to evaluate how the notes perform under local climate and infrastructure conditions before deciding on full rollout or adjustments. Officials aim...
Mumbai: Reserve Bank of India governor Sanjay Malhotra stated on Wednesday that the nation’s balance of payments is projected to show a solid surplus in the ongoing fiscal year. This outlook reflects the impact of central bank actions taken in June to draw foreign capital, such as eased rules for foreign currency non-resident bank deposits....
Indian equity benchmarks opened the trading session on a positive note, with the Sensex climbing approximately 400 points and the Nifty50 holding above the 24,600 level. Market participants appeared to draw encouragement from favorable developments overseas, allowing the key indices to register gains in early hours. The upward movement came as investors positioned themselves ahead...
Subhana Shaikh serves as a business journalist at Mint, reporting on the Reserve Bank of India, monetary policy, and domestic bond markets. She brings seven years of experience covering financial markets, with emphasis on banking and the wider financial sector. After earning a postgraduate diploma from the Indian Institute of Journalism and New Media in...
The background: Public and private banks charge customers for services including debit card use, ATM access, and account upkeep. Some fees have been removed by public sector banks while others have risen in recent years. What is the debit card fee? The Finance Ministry informed Parliament about charges collected by public sector banks. The main...
The Indian rupee closed at its strongest level in two weeks on Tuesday. A sharp decline in oil prices and probable central bank action supported the currency’s recovery from near-record lows. Brent crude fell 3 percent to 85.6 dollars per barrel, its lowest point in more than a week. This helped the rupee reach 95.8525...
The Reserve Bank of India’s steps to draw foreign funds have drawn a positive response from investors. Banks have raised close to $32 billion, mainly via Foreign Currency Non-Resident (Bank) deposits, while foreign investors have put more than $7 billion into government securities since the June policy steps, according to RBI Governor Sanjay Malhotra. In...
India’s ICICI Bank has priced a $1 billion five-year dollar bond at a tighter spread than first indicated. This marks the largest such issue by an Indian private lender in nearly 14 years, according to three bankers. The bank set the coupon at 100 basis points over U.S. Treasuries, down from initial guidance of 130...
Mumbai: A Reserve Bank of India article published on Wednesday stated that the recent rebound in foreign investment reflects renewed confidence in the Indian economy. The piece, titled State of the Economy and authored by central bank officials in the July bulletin, included the standard note that the opinions are those of the writers and...
IndusInd Bank, a private sector lender, reported a 47% increase in net profit for the first quarter, reaching Rs 1,037 crore on July 22. This growth was supported by lower provisions for potential bad loans. In the same period last year, the bank recorded a net profit of Rs 684 crore. Managing Director and CEO...
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