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Reserve Bank of India

  • Thursday, 26 December, 2024
    ObituaryManmohan Singh
    Manmohan Singh, former Indian prime minister, 1932-2024

    As finance minister, he paved the way for a transformative liberalisation of the state-controlled economy

    Manmohan Singh during a press conference with his New Zealand counterpart after their meeting in New Delhi in June 2011
  • Monday, 9 December, 2024
    India replaces ‘hawkish’ central banker Shaktikanta Das

    Incoming Reserve Bank of India governor Sanjay Malhotra seen as more likely to cut rates despite rising inflation

    Shaktikanta Das
  • Friday, 6 December, 2024
    Indian economy
    India central bank cuts growth forecast

    RBI holds rates and says economy has bottomed out

    The Reserve Bank of India building in Mumbai
  • Monday, 25 November, 2024
    Interview
    India’s central bank governor says economy ‘well placed’ to handle shocks

    RBI chief Shaktikanta Das believes economic fragmentation, protectionism and tariffs are among the biggest threats

    Reserve Bank of India governor Shaktikanta Das
  • Wednesday, 7 August, 2024
    Currencies
    India’s central bank warns lenders not to add to bets against rupee

    Request comes after global market turmoil pushes currency to record low against the dollar

    Indian Rs20 notes
  • Wednesday, 24 April, 2024
    Indian business & finance
    India’s central bank bans Kotak Mahindra from signing up digital customers

    The RBI is stepping up efforts to crack down on the consumer-finance sector

    A man walks past a Kotak Mahindra Bank branch in New Delhi
  • Monday, 18 December, 2023
    News in-depthIndian business & finance
    India’s assault on unsecured loans hits Paytm and other fintech groups

    Country’s central bank raises capital requirements in move to curb rising delinquencies

    A picture of a vegetable and fruit market in New Delhi
  • Monday, 22 May, 2023
    Indian economy
    India pulls highest-denomination notes from circulation

    Reserve Bank of India plans to phase out Rs2,000 bills by September

    An Indian shopkeeper counts Rs2000 banknotes
  • Thursday, 6 April, 2023
    India’s central bank holds interest rates amid global banking turbulence

    Reserve Bank of India stresses move to break monetary tightening cycle is ‘pause, not a pivot’

    A police officer walks past the Reserve Bank of India logo at its headquarters in Mumbai, India
  • Sunday, 8 January, 2023
    InterviewIndian economy
    India’s central bank governor warns of South Asian debt distress

    Shaktikanta Das says economy is resilient but ‘global challenges are building up’

    Shaktikanta Das, governor of the Reserve Bank of India
  • Wednesday, 5 October, 2022
    News in-depthIndian business & finance
    India’s foreign reserves dwindle but currency defence still strong

    Rupee has fallen less than other regional currencies and RBI can fund further intervention

    An Indian vendor counts Indian rupees notes at a roadside shop in Mumbai
  • Wednesday, 4 May, 2022
    Indian economy
    India’s central bank raises interest rates for first time since 2018

    Unexpected increase follows inflation surge as war in Ukraine drives up food import prices

    A man watches Russian president Vladimir Putin on a screen attached to the wall of the Mumbai stock exchange
  • Friday, 20 August, 2021
    News in-depthFinancial services
    How US payments groups ended up on the wrong side of India’s plans

    Strict rules on data storage trip up overseas businesses hoping to expand in a big growth market

    Montage of a shopkeeper receiving payment by credit card against a Mastercard logo
  • Sunday, 1 August, 2021
    ExplainerMarket Questions
    Will US jobs numbers maintain their upward momentum?

    Market Questions is the FT’s guide to the week ahead

  • Wednesday, 14 July, 2021
    Mastercard Inc
    Indian central bank bars Mastercard from adding new customers

    US group accused of failing to comply with data storage rules

    The Reserve Bank of India building
  • Monday, 15 February, 2021
    News in-depthFintech
    Asian authorities clamp down on digital lenders

    Officials in credit-hungry economies have struggled to control the fast-growing sector

  • Wednesday, 20 January, 2021
    Indian economy
    India’s consumers bear the brunt of New Delhi’s inflation paradox

    Economists fear rising prices will complicate India’s recovery from a virus-induced contraction

  • Tuesday, 12 January, 2021
    Indian economy
    Indian inflation slows to hit central bank’s target range

    Easing of price growth for essential foodstuffs relieves pressure on hard-hit consumers

    A woman buys fruit at a market in Mumbai. Many low-income Indians have struggled to afford basic foodstuffs since the coronavirus pandemic hit
  • Friday, 4 December, 2020
    Indian economy
    India struggles to tame inflation despite economic contraction

    Central bank leaves interest rates unchanged as consumer prices continue to rise

  • Tuesday, 1 December, 2020
    Business InsightBenjamin Parkin
    Indian bank shake-up proposal stirs concern over corporate power

    RBI working group breaks taboo with idea to allow industrial houses into sector

    A woman walks past the Reserve Bank of India
  • Wednesday, 18 November, 2020
    Indian business & finance
    India central bank takes over another ailing regional lender

    RBI says ‘no need to panic’ after shares in Lakshmi Vilas Bank fall 20% but wider bank index rises

  • Tuesday, 25 August, 2020
    Indian business & finance
    India’s central bank calls for recapitalisation after coronavirus shock

    Shaktikanta Das warns smaller lenders to shore up capital bases ahead of expected bad loans

  • Monday, 27 April, 2020
    Indian business & finance
    India’s central bank offers mutual funds $6.6bn liquidity line

    Authorities aiming to head off turmoil after Franklin Templeton fund freeze

    The RBI said it would monitor financial markets and review the Rs500bn liquidity amount if necessary
  • Friday, 27 March, 2020
    Coronavirus
    India cuts benchmark rate to lowest level on record

    Central bank governor calls for ‘war effort’ as coronavirus shuts down country

    A national lockdown has sparked an exodus from India’s cities of migrant workers, above, and brought the economy to a near standstill
  • Friday, 6 March, 2020
    LexIndian business & finance
    Yes Bank/India: lax policies land taxpayers with the bill Premium content

    Two-fisted lending was sloppy substitute for much-needed reforms to financial system

    Customers crowd outside a Yes Bank branch in Ahmedabad, India, on Friday in an effort to withdraw their money
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