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RBI Proposes New Eligibility Norms for Urban Cooperative Bank Licences After Two-Decade Pause 33 minutes ago Today

The RBI has proposed new eligibility norms for urban cooperative banking licences through a discussion paper, requiring minimum capital of ₹300.00 crore, capital adequacy ratio above 12.00%, and net NPLs below 3.00%. The initiative aims to address sector challenges including weak governance and capital structures after a two-decade licensing pause. Currently, 1,457 UCBs operate with 82 under supervisory restrictions, highlighting the need for stronger prudential standards.

RBI's $10-billion forex swap attracts $29.9 billion in bids amid rupee pressure 34 minutes ago Today

RBI Expected to Keep Interest Rates Unchanged as Inflation Concerns Mount 35 minutes ago Today

RBI Deputy Governor Highlights Potential for UPI User Base to Reach 1 Billion in India 10 hours ago Yesterday

RBI Governor Malhotra On Inflation Targeting, Rupee Policy And Economic Outlook: Key Highlights 13 hours ago Yesterday

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RBI Governor Emphasizes Central Bank Independence Amid US Federal Reserve Turmoil

RBI Governor Sanjay Malhotra has stressed the importance of central bank independence during an exclusive NDTV Profit interview, amid a criminal investigation against US Federal Reserve Chair Jerome Powell. The probe focuses on alleged irregularities in Fed headquarters renovation costs, marking the first time a sitting Fed Chair faces potential criminal indictment. Malhotra emphasized the global need to preserve monetary authority separation from government influence.

RBI Governor Sanjay Malhotra Makes Consumer Satisfaction Central to Banking Success

RBI Governor Sanjay Malhotra has established consumer satisfaction as the central bank's primary success metric, implementing comprehensive reforms including targeted campaigns for financial inclusion, simplified processes for legal heirs, and complete digitization of 200 services. The RBI now processes 25,000 monthly applications with over 99.50% on-time delivery while focusing on grievance resolution and unclaimed deposit recovery through coordinated efforts with banks and regulators.

RBI Governor Outlines Three Key Drivers Behind India's Sustained Low Inflation

RBI Governor Sanjay Malhotra has identified three key factors behind India's four-month streak of inflation below the 2-6% target range: softer food prices due to high base effects, the flexible inflation targeting regime, and effective supply-side actions. With December 2025 inflation at 1.33% and food prices declining 2.71% year-on-year, the central bank projects a gradual rise to 2.9% in Q4FY26 and 3.9-4% in early FY27.

RBI Purchases Over ₹5 Lakh Crore Government Securities to Manage Lending Rates

The Reserve Bank of India has purchased government securities worth over ₹5 lakh crore through open market operations since April 2025 to ensure adequate liquidity in the financial system and control lending rates. These substantial monetary policy interventions demonstrate the central bank's proactive approach to managing market conditions and supporting the broader economic framework through strategic bond buying programs.

India's Goldilocks Economy Benefits from Monetary-Fiscal Policy Harmony

India maintains its Goldilocks economy with inflation below RBI's 2-6% target range despite recent increases attributed to base effect normalization. The country benefits from harmonious monetary-fiscal policy coordination, contrasting with US institutional tensions where Fed-White House conflicts and criminal probe disclosures threaten central bank autonomy. India's 2016 RBI authority expansion has successfully maintained price stability, demonstrating the value of independent central banking with proper institutional support.

Banks Remain Open on January 13 Despite Lohri Celebrations Across Northern India

All banks across India remain open on January 13, 2026, during Lohri celebrations. The RBI holiday calendar does not designate Lohri as a bank holiday, ensuring normal banking operations continue. While the festival is celebrated in northern India, it does not impact banking services nationwide, with all branches maintaining regular hours.

RBI Injects ₹50,000 Crore Through Open Market Operations Amid Strong Participant Demand

RBI conducted OMO on Monday injecting ₹50,000 crore with participants bidding ₹1.22 lakh crore, showing 2.44x oversubscription. The 6.64% GS 2035 paper received maximum bids as banks look to book profits from HTM portfolios. Another ₹50,000 crore OMO is scheduled for January 22, along with a $10 billion dollar-rupee swap on Tuesday to maintain liquidity surplus and stabilize funding rates.

RBI Introduces New FEMA Rules Barring Resident Indians From Issuing Credit Guarantees to NRIs

The Reserve Bank of India has implemented new Foreign Exchange Management (Guarantees) Regulations, 2026, prohibiting resident Indians from issuing credit guarantees to non-resident Indians. The expanded regulations now include counter-guarantees and liability portfolios, with specific exemptions for authorized dealer banks, foreign company agents, and certain international financial arrangements. Residents can still act as guarantors when transactions comply with existing FEMA rules and borrowing-lending regulations.

RBI Deputy Governor Calls for Shift from Periodic to Continuous Banking Supervision in Digital Era

RBI Deputy Governor Swaminathan J has called for banks to shift from periodic compliance checks to continuous supervision in the digital era. Speaking at the Third Annual Global Conference of the College of Supervisors, he emphasized that traditional balance sheet analysis is insufficient as banking stability now depends on operational resilience, data integrity, and third-party dependencies. The deputy governor outlined requirements for enhanced grievance management, ecosystem-wide supervision, and stronger operational discipline throughout the year rather than quarter-end compliance activities.

RBI Deputy Governor Outlines Three Key Digital Banking Supervision Standards for Lenders

RBI Deputy Governor Swaminathan J. outlined three critical expectations for banks in the digital era at RBI's College of Supervisors conference in Mumbai. The framework emphasizes continuous compliance beyond quarter-end exercises, enhanced third-party risk management with clear accountability, and transparent AI governance focusing on model explainability and fairness. The deputy governor warned that digital-era supervision will be less forgiving of episodic compliance, outsourced accountability, and opaque algorithms as banking becomes more interconnected and fast-moving.

Bond Market Strengthens on RBI Support and Reduced Supply as PFC Launches Major ₹50 Billion NCD Issue

Bond markets opened positively today, supported by RBI's ₹500 billion open market operation and reduced state government borrowing of ₹260.8 billion versus earlier indicated ₹361.9 billion. Power Finance Corporation launched India's largest retail bond issue in eight years, targeting ₹50 billion through NCDs with yields ranging from 6.8% to 7.3% across five to fifteen-year maturities. SEBI is examining bond derivatives trading while markets await today's CPI inflation data release.

Bank Holidays This Week: Banks To Remain Shut For Five Days From Jan 12-17; Check State-Wise List

Banks across India will remain closed for five days from January 12-17 due to various regional festivals including Swami Vivekananda's birth anniversary, Makar Sankranti, Pongal, and other cultural celebrations affecting different states. Additional January holidays include Republic Day on January 26 and various regional observances on January 23. Digital banking services including ATMs, UPI, and online platforms will continue operating during branch closures.

RBI Expected to Inject Additional Liquidity as Short-Term Rates Surge Amid Tight Market Conditions

The Reserve Bank of India is expected to inject additional liquidity in February-March as short-term borrowing costs surge despite ₹3.00 lakh crore already infused. Commercial paper rates jumped 382 basis points to 13.53% while certificate of deposit rates rose to 6.87%. System liquidity remains tight due to subdued government spending, forex intervention, and strong credit demand, with bank credit growing 14.50% against deposit growth of 12.70%, pushing the credit-deposit ratio to an all-time high of 81.00%.

Banks Closed Today: January 10 Holiday Schedule and Upcoming Bank Holidays

Banks across India are closed on January 10, 2026, following RBI guidelines for second Saturday closures. The Reserve Bank of India mandates closures on second and fourth Saturdays while allowing operations on first and third Saturdays. January 2026 features extensive bank holidays including major festivals like Makar Sankranti, Republic Day, and various regional celebrations, while February will see closures for Guru Ravidas Jayanti and Maha Shivaratri.

Central Bank of India Schedules Board Meeting for Q3 FY26 Results and Third Interim Dividend on January 16

Central Bank of India has scheduled its board meeting for January 16 to announce Q3 FY26 results for the October-December quarter. The meeting is expected to include the declaration of the bank's third interim dividend for financial year 2025-26, as part of the ongoing earnings season announcements.

PwC Advises RBI Against Rate Cut in February MPC Meet, Calls It 'Wasting A Bullet'

PwC's Ranen Banerjee advises RBI against cutting rates in the February 4-6, 2026 MPC meeting, calling it 'wasting a bullet' amid robust growth and controlled inflation. He argues private capex depends on capacity utilization reaching 85% rather than interest rates, with current levels at 70-75%. The RBI had cut repo rates by 125 basis points in 2025 to 5.25% from 6.5%.

RBI Governor Malhotra Urges Banks to Collaborate Against Rising Digital Frauds

RBI Governor Sanjay Malhotra has called for enhanced collaboration among banks and financial institutions to combat digital fraud, emphasizing collective efforts in building shared analytics systems. Digital payment fraud values dropped significantly to ₹520.00 crore in FY25 from ₹1,457.00 crore in FY24, with transaction numbers falling from 29,082 to 13,516. The central bank's AI-enabled MuleHunter.ai system detects approximately 20,000 suspicious accounts monthly, while the RBI plans to shift toward more technology-driven, real-time supervision using SupTech and AI tools.

Central Bank of India Schedules Board Meeting to Consider Q3 Results on January 16

Central Bank of India has scheduled a board meeting for January 16, 2025, to consider and approve its third quarter financial results. The meeting represents a standard corporate governance practice where board members will review the bank's quarterly performance metrics and operational results.

09Jan 26

RBI Proposes Three-Year Cooling-Off Period for Urban Co-operative Bank Directors

The Reserve Bank of India is proposing amendments to co-operative banking guidelines that would introduce a mandatory three-year cooling-off period for urban co-operative bank directors after completing 10 years of continuous tenure. During this period, directors cannot associate with the UCB in any capacity except as members or customers, though they remain eligible for director positions at other banks.

Indian Government Bonds Decline Ahead of ₹290 Billion Weekly Debt Sale

Indian government bonds declined Thursday with the 10-year yield rising to 6.63% from 6.61% as traders prepare for Friday's ₹290 billion debt auction featuring 15-year and 40-year bonds. Despite the RBI's aggressive ₹2 trillion bond purchase program since last month and plans for another ₹1 trillion through January 22, market appetite has weakened due to focus on less-traded securities and heavy state government supply. Overnight index swap rates rose across tenures, with traders awaiting Monday's inflation data and potential Bloomberg Aggregate Index inclusion announcement.

Indian Government Bonds Stay Flat as Traders Await ₹290 Billion Debt Sale

Indian government bonds remained flat in thin trading as traders awaited Friday's ₹290 billion debt auction amid heavy supply concerns. Despite the RBI's record ₹4.7 trillion bond purchases this fiscal year, market sentiment stays subdued due to the massive supply pipeline, including states' record ₹5 trillion borrowing plan for Q4. Market participants are watching for potential Bloomberg Aggregate Index inclusion, which could bring $10-20 billion in inflows according to Goldman Sachs.

RBI Cancels Registration of 35 NBFCs for Non-Compliance, Accepts Surrender from 16 Others

The Reserve Bank of India cancelled registrations of 35 NBFCs for regulatory non-compliance, effective December 9-31, 2025, under Section 45-IA(6) of the RBI Act. The majority of affected companies are Delhi-based, spanning investment, leasing, and finance sectors. Additionally, 16 NBFCs voluntarily surrendered their certificates for business exit, meeting unregistered CIC criteria, or corporate restructuring including mergers and dissolutions.

Bank of India Announces Senior Management Reshuffle Effective January 7, 2026

Bank of India announced a senior management restructuring effective January 7, 2026, involving four executives receiving new portfolio assignments. The changes include transitions across retail banking, corporate credit, treasury operations, recovery functions, and resource mobilization, reflecting strategic realignment of leadership responsibilities across key business divisions.

Delhi HC seeks RBI response on alleged borrowers' data rights violations by NBFCs

Delhi High Court has directed RBI to file a counter affidavit within six weeks regarding alleged data protection violations by NBFCs in digital lending. The court examined RBI's Digital Lending Directions, 2025, and requires disclosure of enforcement actions taken against violating entities. The case highlights broader concerns about data privacy and regulatory oversight in India's expanding digital lending sector.

Bank of India Mutual Fund Launches Banking & Financial Services Equity Fund

Bank of India Mutual Fund launches Banking & Financial Services Fund, an open-ended equity scheme targeting banking and financial services companies. The NFO opens January 8-22, 2026, with minimum investment of ₹5,000.00 and 1% exit load within 60 days. Managed by Nilesh Jethani, the fund employs top-down and bottom-up stock selection across market caps, benchmarked against Nifty Financial Services TRI.

Indian Government Bonds Decline as RBI Selects Illiquid Securities for Debt Purchase

Indian government bonds declined on Wednesday as the RBI selected illiquid securities for its ₹50,000 crore debt purchase, marking the second consecutive week of avoiding liquid papers. The benchmark 10-year yield rose to 6.6261% from 6.6137%, with traders expressing concerns about rally sustainability amid upcoming government borrowing of over ₹8 lakh crores in the current quarter.

Major NBFCs Urge RBI to Allow Retail Deposit Mobilisation for Level Playing Field

Leading NBFCs have approached the RBI seeking permission to raise retail deposits, arguing for competitive parity with banks and improved policy transmission. The request was made during a Monday meeting with Governor Sanjay Malhotra. Currently, only legacy licence holders like Bajaj Finance, Shriram Finance, and Mahindra Finance can accept retail deposits under strict limits. The RBI remains cautious due to deposit insurance differences, with bank deposits insured up to ₹5.00 lakh unlike NBFC deposits.

Banks' Supervisory Data Quality Index Score Improves to 90.7 in September Quarter

The RBI reported that scheduled commercial banks' Supervisory Data Quality Index improved to 90.7 in September 2025 from 89.9 in the previous quarter. The index measures data quality across accuracy, timeliness, completeness, and consistency parameters. No bank scored below 80 in September 2025, with the assessment covering 87 banks and their key supervisory returns on asset quality, risk supervision, liquidity, and capital adequacy.

RBI Proposes Graded Dividend Payout Structure with 75% Cap for Banks

The Reserve Bank of India has proposed comprehensive changes to dividend payout norms for banks, raising the cap from 40% to 75% of net profit. The new graded structure links dividend payouts to CET1 capital ratios, allowing stronger banks with above 20% CET1 to pay up to 100% of adjusted profit while maintaining the 75% overall limit.

India's Banking Loan-to-Deposit Ratio Hits Record 81.6%, Signaling Liquidity Warning

India's banking system loan-to-deposit ratio has reached a record 81.6% as of December, driven by robust 12% credit growth in auto loans, retail lending, and MSME financing, while deposit growth has slowed to single digits as households shift to higher-return investments. This represents a structural change from 75.8% in June 2023, with individual banks like HDFC Bank reaching 99.50% LDR in Q3FY26, causing investor concerns despite strong business performance. While sustained levels above 80% pose liquidity challenges that can impact margins and policy transmission, banks maintain excess SLR buffers and stable asset quality, indicating the situation requires monitoring rather than immediate alarm.

RBI Injects ₹50,000 Crore Through OMO, Rejects All Bids for 2040 Bond Paper

RBI completed its fourth OMO since December 2025 policy, injecting ₹50,000 crore while rejecting all bids for 8.30% 2040 bonds due to above-market pricing. Total bids reached ₹1.32 lakh crore, with 7.40% 2035 paper seeing highest demand at ₹18,897 crore. Two more ₹50,000 crore OMOs scheduled for January 12 and 22, plus $10 billion USD/INR swap auction on January 13.

RBI Introduces Comprehensive Credit Risk Management Rules for Commercial Banks

The Reserve Bank of India has introduced comprehensive credit risk management rules for commercial banks, effective April 1, 2026, prohibiting loans to promoters and large shareholders while mandating stronger governance frameworks. The regulations establish loan approval thresholds of ₹25 crore for large banks, ₹10 crore for mid-sized banks, and ₹5 crore for smaller banks, with quarterly compliance reviews and annual disclosures required. Existing non-compliant transactions can continue until maturity but cannot be renewed unless meeting new requirements, with enforcement actions including penalties and business restrictions for violations.

RBI Governor Urges NBFCs, HFCs to Strengthen Underwriting Standards

RBI Governor Sanjay Malhotra conducted a meeting with NBFC and HFC leadership in Mumbai, urging them to strengthen underwriting standards and maintain customer-centric practices for sustainable sector growth. The meeting included participants representing 53% of NBFC sector assets and marked the first such interaction since February.

RBI to Take Over Delhi Government's Banking Operations and Public Debt Management from January 2026

The Reserve Bank of India will take over Delhi government's general banking operations and public debt management from January 9, 2026, following an agreement under Section 21A of the RBI Act, 1934. The arrangement covers all general banking business and rupee public debt management for the Government of National Capital Territory of Delhi.

India Expected To Keep 4% Inflation Goal For Its Central Bank - Bloomberg

India is likely to retain the Reserve Bank of India's current 4% inflation target when the mandate comes up for renewal in March, according to finance ministry officials. The government views the existing framework as effective in managing price pressures and maintaining economic stability since its implementation in 2016.

Falling Bank Provisions Hit 7-Quarter Low, Set to Boost RoA in December Quarter

Indian banking sector shows strong recovery with NPA provisions dropping 15.3% to ₹21,297 crore in September quarter, marking seven-quarter low. PSU banks led improvement with 42% decline while system-wide NPAs remain at decade-low 2.1%. Analysts expect continued asset quality improvement and enhanced RoA prospects for December quarter.

Saturday Bank Holiday: Are Banks Open Or Closed On January 3, 2026?

Banks in Uttar Pradesh will close on January 3, 2026, for Hazrat Ali's birth anniversary, while banks elsewhere remain open as it's the first Saturday. RBI guidelines mandate closures on second and fourth Saturdays (January 10 and 24). Digital banking services including ATMs, UPI, and internet banking continue operating during all branch closures, ensuring uninterrupted customer service.

Bank Credit to Industry Accelerates to 9.6% Growth in November 2025: RBI Data

Bank credit to industry accelerated to 9.6% growth in November 2025 from 8.3% last year, with non-food credit expanding 11.4% year-on-year. Micro, small and medium industries maintained double-digit growth, while infrastructure, engineering, textiles and petroleum sectors showed strong performance. Services sector grew 11.7%, agriculture credit expanded 8.7%, and personal loans recorded 12.8% growth, indicating broad-based credit demand across the economy.

RBI Revises Risk-Weight Framework for NBFC Infrastructure Loans from April 2026

The RBI has revised the risk-weighting framework for NBFC infrastructure loans, effective April 1, 2026, introducing lower risk weights of 50-75% for high-quality projects meeting specific repayment and operational criteria. Projects must complete one year of operations without covenant breaches and maintain 'standard' classification, with comprehensive contractual safeguards required for preferential treatment.

RBI Reports 98.41% of Withdrawn ₹2000 Banknotes Successfully Returned

The Reserve Bank of India reported that 98.41% of ₹2000 banknotes have been returned since withdrawal announcement on May 19, 2023. Circulation has declined from ₹3.56 lakh crore to ₹5,669 crore as of December 31, 2025. The RBI continues to facilitate returns through bank branches, 19 Issue Offices, and India Post services while maintaining the legal tender status of remaining notes.

India's household borrowing at 41.3% of GDP manageable, but reckless lending poses risks: Experts

India's household debt reached 41.3% of GDP by end-March 2025, up from a five-year average of 38%, according to RBI's Financial Stability Report. Experts including former SBI Chairman Dinesh Khara and Bank of Baroda's Madan Sabnavis view this as manageable but warn against reckless lending. Consumption loans now comprise 46% of household borrowing, while unsecured loans account for 53% of retail slippages despite regulatory tightening.

Malhotra Asks RBI Staff to Focus on Customer Centricity, Regulatory Calibration

Governor Sanjay Malhotra reviewed RBI's 2025 performance highlighting regulatory framework overhaul, accommodative monetary policy with four rate cuts, and improved customer service delivery. He set 2026 priorities emphasizing regulatory calibration, supervision enhancement, and customer centricity amid evolving economic landscape.

Bank Holidays January 2026: 16 Days Closure Including Regional Festivals

The Reserve Bank of India has released the January 2026 bank holiday calendar showing 16 total closure days, comprising 10 scheduled holidays for regional festivals like New Year, Makar Sankranti, and Republic Day, plus 6 weekend closures. While physical branches remain shut, digital banking services including UPI, net banking, and ATM transactions continue operating throughout all holiday periods.

RBI Warns Stablecoins Pose Risks To India's Monetary Sovereignty, Financial Stability

The Reserve Bank of India has issued strong warnings about stablecoin risks to monetary sovereignty and financial stability in its bi-annual report. The central bank highlighted fundamental shortcomings in stablecoins' singleness, elasticity, and integrity while advocating for CBDCs as safer alternatives. RBI emphasized concerns about capital flow management circumvention and potential exploitation for financial crimes without adequate regulation.

Indian Financial System Remains Resilient Despite Global Uncertainty: RBI

The Reserve Bank of India's December 2025 Financial Stability Report confirms the resilience of India's financial system amid global uncertainties and market volatility. The report highlights strong performance across scheduled commercial banks, NBFCs, and insurance companies, with robust capital buffers and improved asset quality. While acknowledging global risks including elevated public debt and potential market corrections, the RBI emphasized India's healthy economic growth supported by strong domestic demand and prudent policies.

RBI to conduct ₹50,000 crore OMO purchase on January 5 to inject liquidity

The Reserve Bank of India will conduct a ₹50,000 crore Open Market Operations purchase on January 5, 2026, covering seven government securities ranging from 2029 to 2054 maturities. Following a successful December 29 OMO that saw varied participation across securities, this auction continues RBI's systematic liquidity injection plan. The initiative is part of a broader ₹2 lakh crore programme spanning four tranches between December 29 and January 22, designed to inject durable liquidity into the banking system.

India Inflation Likely To Remain Low In 2026, New CPI Series On Anvil

India is set to introduce a new Consumer Price Index methodology in February 2026 with 2024 as the base year, following a period of exceptionally low inflation. Food inflation has turned negative at -3.91% in November, while overall CPI inflation has remained below 2% since June 2025. The RBI has cut repo rates by 125 basis points since February 2025, with economists projecting inflation to remain manageable in 2026 despite potential uptick due to base effects.

Indian Government Bonds Trade Sideways Ahead of Major State Debt Issuance

Indian government bonds traded within a narrow range on Tuesday morning, with the benchmark 10-year yield at 6.5969% compared to Monday's close of 6.5912%. Market sentiment was constrained by an upcoming state debt sale of ₹35,450 crores, the largest in over three months, and ongoing liquidity deficit of ₹71,580 crores in the banking system. Despite RBI's record ₹7 lakh crores bond purchases in 2025 and planned support measures, traders remain cautious about heavy fourth-quarter debt supply expectations of approximately ₹8.1 lakh crores.

RBI Highlights Banking Resilience While Warning of Emerging Risks in Annual Report

The RBI's annual Trend and Progress Report highlights the robust performance of India's financial sector. Banks show a capital adequacy ratio of 17.20%, well above the 11.50% requirement, with gross NPAs at a multi-decade low of 2.10%. NBFCs maintain a strong 24.90% capital adequacy. Despite positive indicators, the RBI warns of emerging risks including global uncertainties, cyber frauds, and climate-related challenges. The report emphasizes the need for vigilance in consumer protection, particularly against misselling of financial products. Future priorities include expanding digital infrastructure and developing ethical AI guidelines for financial services.

RBI Issues New Rules to Prevent Financial Mis-selling

The Reserve Bank of India (RBI) has introduced new regulations for advertising and marketing by regulated entities to prevent mis-selling of financial products. The central bank is reviewing instructions on recovery agents and loan recovery processes. To combat digital fraud, RBI has launched initiatives like MuleHunter.ai and Digital Payments Intelligence Platform. Customer protection measures are being updated, considering new payment channels and evolving fraud patterns. While the total number of frauds decreased, the amount involved increased. Card/Internet frauds accounted for 66.8% of fraud cases, while advances-related frauds constituted 33.1% of the total fraud amount. Private sector banks reported 59.3% of fraud cases, while public sector banks accounted for 70.7% of the fraud amount.

RBI Directs Microfinance Institutions to Monitor Stress Build-up Amid Industry Challenges

The Reserve Bank of India (RBI) has instructed microfinance institutions to monitor stress build-up closely due to borrower over-leverage and regional policy measures. The microfinance sector faced significant stress, with most lenders experiencing credit contraction, particularly in southern states. Despite challenges, self-help groups showed improved access to formal banking services. The RBI's 2022 regulatory framework revisions aim to support sustainable growth and financial inclusion in the sector.

India Bonds Slip on RBI Short-Term Focus, State Debt

Indian government bond yields increased on Monday, with the 10-year yield settling at 6.59%, up from 6.56% on Friday. The rise follows the Reserve Bank of India's focus on shorter-tenor securities in its recent open market purchase operations, where it bought ₹50,000 crores worth of bonds. The market is also preparing for a heavy state debt supply of ₹35,450 crores scheduled for Tuesday. Analysts project a record high total debt supply of ₹8.10 lakh crores for the January-March quarter, about 25% above the current quarter's issuance.

Banks Seek Extension Of Loan Relief Scheme For Exporters Beyond December Deadline

Commercial banks have approached RBI for extending trade relief measures beyond December 31, allowing exporters loan moratoriums and restructuring options. Banks cite ongoing challenges from supply chain disruptions, tariff uncertainties, and weak global demand, with sectors like marine products facing high US exposure stress. While current uptake remains modest, bankers expect increased demand next quarter as trade impacts become clearer.

Indian Government Bonds Decline as Weak Debt Auction Demand Triggers Market Selloff

Indian government bonds declined on Friday following weak demand at a ₹32,000 crore debt auction that triggered secondary market selling and raised concerns about rally sustainability. The benchmark 10-year yield rose to 6.5637% from 6.5398%, with higher-than-expected cutoff yields exposing underlying demand weakness. Despite RBI's ₹2.90 trillion liquidity infusion plan and record ₹6.50 trillion bond purchases in 2025, market sentiment remains fragile without structurally favorable demand-supply dynamics.

India Bonds Pause Rally Ahead of Final 2025 Debt Auction Worth ₹32,000 Crore

Indian government bonds showed minimal movement with 10-year yield reaching 6.5539% as market participants adopt cautious stance ahead of final 2025 debt auction worth ₹32,000 crore. The pause follows RBI's record ₹2.90 lakh crore liquidity infusion announcement, with traders awaiting auction demand patterns to determine sustainability of recent rally.

RBI Postpones Phase 2 Of Faster Cheque Clearance System To Give Banks More Time

The Reserve Bank of India has postponed the implementation of Phase 2 of its Continuous Clearing and Settlement system, originally scheduled for January 3, due to teething issues experienced by banks during Phase 1. The second phase would have required banks to approve or reject cheques within three hours, but will now be delayed indefinitely while Phase 1 continues with revised operational timings.

RBI Proposes Transparency Rules for Forex Transactions, Mandating Upfront Disclosure of All Costs

The Reserve Bank of India (RBI) has released draft rules requiring banks and authorized dealers to disclose all costs upfront in foreign exchange transactions. The proposed regulations aim to address hidden charges in cross-border payments for education fees, travel expenses, and overseas investments. The draft circular mandates clear disclosure of remittance fees, exchange rates, and currency conversion charges before customers commit to any deal. These rules apply to cash, tom, and spot transactions, building on previous regulatory measures to strengthen disclosure norms in the forex market. The new framework specifically targets improvements for retail users, enabling them to assess total transaction costs accurately and make informed decisions.

Government Bonds Rally on RBI's ₹2.90 Trillion Liquidity Boost

Indian government bonds experienced their strongest rally in seven months following RBI's announcement of ₹2.90 trillion liquidity injection. The 10-year yield closed at 6.54% with over 9 basis points drop, marking the biggest single-session decline since May. The comprehensive intervention includes ₹2 trillion bond purchases through open market operations and $10 billion dollar-rupee swap to address supply concerns and maintain optimal banking system liquidity through the financial year-end.

Union Bank of India Stock Sees USD 12 Million Addition in BSE Bankex Rejig

The BSE Bankex is set to undergo a rejig today at 3pm, with Bank of India receiving a significant $12 million addition. This adjustment in the banking sector index is expected to impact Bank of India's market positioning and potentially influence its trading dynamics.

RBI Schedules ₹500 Billion Government Securities Purchase on December 29

The Reserve Bank of India has scheduled the first installment of its ₹2 trillion government securities purchase program for December 29, involving ₹500 billion worth of G-Sec purchases. This forms part of a comprehensive monetary policy intervention that includes a $10 billion USD/INR swap auction, designed to manage liquidity conditions and foreign exchange market dynamics through a structured four-phase implementation approach.

Bank of India Sets January 13, 2026 Record Date for Call Option Exercise on Additional Tier 1 Bonds

Bank of India has announced plans to exercise the call option on its 9.04% Additional Tier 1 Bonds Series VI (ISIN: INE084A08136) on January 28, 2026. The record date is set for January 13, 2026. Bondholders will receive both the broken period interest and the principal amount on the call date. This action will fully extinguish the bank's liability towards these bondholders.

Bank of India Gets CRISIL AA/Stable Rating Reaffirmation

CRISIL Ratings has reaffirmed its AA/Stable rating for Bank of India's existing Basel-III compliant bonds and assigned the same rating to new ₹10,000 crore infrastructure bonds. The rating action reflects the bank's improving financial position and continued government support. Bank of India's gross advances grew by 14.00% year-on-year to ₹7.10 lakh crore, while total business increased by 11.80% to ₹15.60 lakh crore. The bank's asset quality has improved, with gross non-performing assets decreasing to 2.50% from 3.30% in March.

Bank of India Conducts Investor Meeting with Millennium Partners

Bank of India held a one-to-one physical meeting with Millennium Partners on December 17, 2025, sharing only publicly available information. The bank confirmed no unpublished price-sensitive information was disclosed during the investor meeting, maintaining compliance with SEBI listing obligations and disclosure requirements.

Punjab National Bank Reappoints Five Statutory Central Auditors for FY2025-26

Punjab National Bank has announced the RBI-approved reappointment of five audit firms as Statutory Central Auditors for FY2025-26, including Ummed Jain & Co (Mumbai), N.K Bhargava & Co (Delhi), PSD Associates (Jaipur), Prem Gupta & Co (Delhi), and P.A Associates (Odisha). The firms, established between 1977-1988 with 14-22 partners each, will continue their roles with tenure periods ranging from 2nd to 3rd year.

Central Bank Of India Partners With Bandhan AMC To Offer Mutual Fund Services

Central Bank of India has formed a strategic partnership with Bandhan Asset Management Company to provide mutual fund services to its customers. This collaboration expands the bank's financial product portfolio and enhances its wealth management capabilities. The partnership enables customers to access professional fund management services and diversified investment opportunities through Bandhan AMC's expertise.

Bank of India Cuts Repo-Based Lending Rate to 8.10% Following RBI's Rate Reduction

Bank of India (BOI) has reduced its repo-based lending rate to 8.10%, effective December 5, 2025. This reduction aligns with the Reserve Bank of India's recent 25 basis points cut in the repo rate. The move is expected to benefit BOI customers with repo-linked loans, potentially resulting in lower EMIs or reduced loan tenures. This action could prompt similar rate cuts across the banking sector, impacting the overall cost of borrowing.

Bank of India Elevates IT Chief to Senior Leadership Role

Bank of India has promoted Satyendra Singh from General Manager of Information Technology and CTO to Chief General Manager, effective November 25, 2025. This move elevates a key technology executive to a broader management role, potentially signaling the bank's increased focus on technological advancement and digital transformation in its operations and strategy.

Bank of India Appoints Pramod Kumar Dwibedi as Executive Director

Bank of India has appointed Shri Pramod Kumar Dwibedi as Executive Director, effective November 24, 2025. Dwibedi, previously Chief General Manager at BOI, brings over 30 years of banking experience to the role. His tenure will last until June 30, 2028, or until further orders. Dwibedi holds postgraduate degrees in Economics and MBA (Finance), along with certifications in IT, Cyber Security, and Risk Management. The appointment comes as BOI reports strong financial growth, with total assets reaching Rs 1,056,425.00 crore, marking a 14.30% year-on-year increase.

ICRA Assigns AA+ (Stable) Rating to Bank of India's Basel III Tier II Bonds

ICRA has assigned an [ICRA]AA+ (Stable) rating to Bank of India's Basel III Tier II bonds program worth Rs 2,500 crore. The rating is based on BoI's strong capital position, improving asset quality, and government support. As of September 30, BoI's CET I and Tier I capital stood at 13.89% and 14.49% respectively. GNPA and NNPA have declined to 2.54% and 0.65%. The bank's net profit increased to Rs 4,807 crore in H1 of the current year. However, BoI's profitability remains below the public sector bank average, and its vulnerable book is still high relative to core capital.

Bank of India Completes Rs 2,500 Crore Basel III Tier II Bond Issue at 7.28%

Bank of India successfully raised Rs 2,500 crore through Basel III compliant Tier II bonds at 7.28% coupon rate, with the issue being oversubscribed by 4.98 times. The bonds received [ICRA]AA+ stable rating and were allotted to 14 institutional investors on private placement basis, strengthening the bank's regulatory capital position.

CARE Ratings Reaffirms A+ Rating for Bank of India's ₹50,000 Crore Bond Portfolio

Bank of India received comprehensive credit rating reaffirmation from CARE Ratings covering ₹85,310 crores worth of bonds and deposits. The A+ rating with stable outlook reflects strong financial performance with 46% profit growth, improved asset quality metrics, and continued government support as the sixth-largest PSB.

Bank of India Fined Rs 1.35 Lakh by RBI for Currency Chest Irregularities

The Reserve Bank of India (RBI) has imposed a penalty of Rs 1,35,750 on Bank of India (BoI) for irregularities observed at its Bhilai Currency Chest. The discrepancies were discovered during an RBI inspection. BoI has implemented preventive measures to avoid future occurrences and stated that the penalty has no material impact on its financial operations. The incident emphasizes the importance of maintaining strict compliance with RBI regulations in currency chest operations.

Bank of India Shareholders Approve Executive Director Term Extensions at EGM

Bank of India held an Extraordinary General Meeting on November 7, 2025, via video conferencing. The meeting approved term extensions for two Executive Directors: P.R. Rajagopal's term was extended until July 31, 2027, and Subrat Kumar received a three-year extension. Both resolutions passed with 99.73% votes in favor. Additionally, Prabodh Parikh was elected as Shareholder Director for a three-year term starting November 29, 2025. The EGM, chaired by M R Kumar, saw participation from 35 shareholders and six directors, with e-voting facilities provided through NSDL.

Government Mulls Merger of Union Bank and Bank of India

The Indian government is reportedly considering a merger between Union Bank of India and Bank of India. If implemented, this consolidation would create the second-largest bank in India, significantly impacting the public banking sector. The merger aligns with the government's efforts to strengthen public banks through strategic consolidations. While potentially enhancing scale and market position, the merger could also present operational challenges and affect customer services. However, no official announcement has been made yet.

Bank of India Reports 8% Net Profit Growth in Q2 FY26, Improves Asset Quality

Bank of India (BOI) announced strong Q2 FY26 results with net profit rising 8% year-on-year to Rs. 2,555.00 crore. Global business grew by 11.83% to Rs. 15,62,000.00 crore, while global advances increased by 14.03% to Rs. 7,09,000.00 crore. The bank significantly improved its asset quality, with gross NPA ratio declining to 2.54% and net NPA ratio improving to 0.85%. Credit costs decreased to 0.28% from 0.97% in the previous year. BOI launched new initiatives including the BOI TradeEasy platform for MSME supply chain finance and waived minimum balance charges on savings accounts. Management provided guidance for FY26, targeting 12-13% global advances growth and 10-11% deposit growth.

Bank of India Appoints Prabodh Parikh as Shareholder Director in Unopposed Election

Bank of India has announced the appointment of Shri Prabodh Parikh as Director representing shareholders through an unopposed election process. Parikh, 62, brings 37 years of banking experience, including his role as Deputy Managing Director at State Bank of India. His appointment is effective from November 29, 2025, for a three-year term. The Nomination and Remuneration Committee found Parikh 'Fit and Proper' for the role. Due to his unopposed election, the related agenda will not be discussed at the upcoming Extraordinary General Meeting on November 7, 2025.

Bank of India Reports 7.62% YoY Increase in Q2 FY26 Net Profit, Asset Quality Improves

Bank of India announced Q2 FY26 results with net profit up 7.62% YoY to ₹2,555.00 crore. Total income rose 3.79% to ₹20,626.00 crore. Asset quality improved with GNPA ratio at 2.54% and NNPA at 0.65%. Global advances grew 14.03% to ₹7,09,145.00 crore, while deposits increased 10.08% to ₹8,53,301.00 crore. The bank's Capital Adequacy Ratio stood at 16.69%, and digital banking transactions reached 96% of total transactions.

Bank of India Reports 7.8% Growth in Quarterly Net Profit to 25.55 Billion Rupees

Bank of India's net profit rose to ₹25.55 billion, a 7.8% increase from the previous year. Revenue grew by 6.1% to ₹184 billion. The bank's asset quality improved with gross NPA ratio decreasing to 2.54% from 2.92% and net NPA ratio declining to 0.65% from 0.75% quarter-over-quarter. These improvements in profitability and asset quality indicate effective management of the bank's loan portfolio and overall operations.

Bank of India Reports Robust Growth Across Key Business Segments in Q2 FY26

Bank of India's Q2 FY26 provisional results show significant growth across key business segments. Global business reached ₹15.62 lakh crore, up 11.80% year-over-year. Global deposits increased by 10.08% to ₹8,53,301 crore, with domestic deposits up 8.53%. Retail term deposits grew by 14.15%. Global gross advances rose 13.94% to ₹7,08,587 crore, while domestic gross advances increased by 14.62%. The bank demonstrated balanced growth in both deposits and lending, indicating a positive trajectory in its operations.

Bank of India Executives Engage with Investors in Morgan Stanley Virtual Meeting

Bank of India participated in a virtual investor meeting as part of Morgan Stanley's India Financials Virtual Investor Group Trip. The hour-long event, held from 3:30 PM to 4:30 PM, attracted various asset management firms and investors, including Balyasny Asset Management, Tara Capital Partners, and SBI Pension Funds. BoI used publicly available documents for discussions, adhering to disclosure regulations. The meeting was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Bank of India Extends Terms for Executive Directors Subrat Kumar and P R Rajagopal

The Central Government has extended the tenures of two Executive Directors at Bank of India. Shri Subrat Kumar's term has been extended for three years beyond November 20, 2025, while P R Rajagopal's term has been extended until July 31, 2027 or his superannuation date. These extensions were made under The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, signifying continuity in the bank's leadership.

RBI Secures Prime Mumbai Real Estate: Acquires Metro's Nariman Point Plot for ₹3,472 Crore

The Reserve Bank of India (RBI) has secured a 4.16-acre plot in Mumbai's Nariman Point area from Mumbai Metro Rail Corporation (MMRC) through a 90-year lease for ₹3,471.82 crore. The deal, registered on September 5, involved a stamp duty payment of ₹2,083.00 crore. The plot offers 1.6 million sq ft of buildable area for institutional development, allowing RBI to strengthen its presence in Mumbai. MMRC plans to use the proceeds to repay debt to Japan International Cooperation Agency, which funded 57.09% of the ₹37,276.00 crore Colaba-Bandra-SEEPZ metro line construction cost.

Bank of India Welcomes New Government Nominee Director

Bank of India has appointed Shri Manoj Muttathil Ayyappan as the new Government Nominee Director, replacing Shri Bhushan Kumar Sinha. Ayyappan, aged 49, is currently Joint Secretary in the Department of Financial Services, Ministry of Finance. He brings over 25 years of experience in banking and financial services, with expertise in SME lending, financial analysis, trade finance, risk management, and credit operations. Ayyappan holds an MBA and B.Sc. from Mahatma Gandhi University, Kerala, and has worked with various financial institutions including Karur Vysya Bank, Utkarsh Small Finance Bank, and Axis Bank.

DBS Bank India's Net Profit Soars 81% to Rs 684 Crore in FY25

DBS Bank India's net profit increased by 81% to Rs 684.00 crore in FY25. Interest income rose by 19% to Rs 9,295.00 crore, while other income grew by 32% to Rs 2,037.00 crore. Total assets expanded by 8% to Rs 1,40,000.00 crore, with the loan book growing 3% to Rs 55,360.00 crore. Gross NPAs improved to 2.78% from 3.33%, and the capital adequacy ratio strengthened to 16.81% from 15.75%. The bank operates close to 500 branches across India.

SBI Revises IMPS Charges: Online Transfers Above Rs 25,000 to Incur Fees

State Bank of India (SBI) has announced a revision in its Immediate Payment Service (IMPS) charges, effective August 15. The new structure applies to online IMPS transfers exceeding Rs 25,000, with fees ranging from Rs 2.00 to Rs 10.00 plus GST. Transfers between Rs 25,000 and Rs 1 lakh will incur a Rs 2.00 charge, Rs 1 lakh to Rs 2 lakh a Rs 6.00 charge, and Rs 2 lakh to Rs 5 lakh a Rs 10.00 charge. Branch-based IMPS transfers remain free. Salary package account holders, certain current account types, and government departments are exempt from these charges. The implementation for corporate customers is deferred to September 8, 2025.

Bank of India Engages Investors at Emkay Global's Confluence

Bank of India participated in 'Emkay Global's Confluence,' an investor meeting organized by Emkay Global Financial Services Ltd. The bank's top management held two sessions with diverse investors and analysts, including representatives from major mutual funds, pension funds, and investment firms. The discussions adhered to publicly available information, ensuring transparency and compliance with LODR regulations. The event showcased BoI's commitment to stakeholder engagement and open communication.

Bank of India Reports 32% Jump in Net Profit to Rs 2,252 Crore in Q1 FY26

Bank of India (BOI) reported strong Q1 FY26 results with net profit rising 32% to Rs 2,252.00 crore. Global business expanded by 10.37% to Rs 15,06,000.00 crore, while global advances grew 12.02%. Asset quality improved significantly, with gross NPA ratio declining to 2.92%. The bank's focus on retail, agriculture, and MSME sectors contributed to growth, with RAM advances increasing by 16.69%. Capital Adequacy Ratio improved to 17.39%. Management provided guidance of 12-13% global advances growth and 10-11% deposit growth for FY26, with expected credit cost around 0.70%.

Bank of India Reports 32% Jump in Q1 Net Profit, Asset Quality Improves

Bank of India (BOI) reported a 32.27% year-on-year increase in net profit to ₹2,252.00 crore for Q1 FY2024. Operating profit rose by 9.03% to ₹4,009.00 crore. Global business crossed ₹15 lakh crore, growing 10.37% YoY. Asset quality improved significantly with GNPA ratio decreasing to 2.92% from 4.62% a year ago, and NNPA ratio improving to 0.75% from 0.99%. The bank saw strong growth in retail, MSME, and agriculture advances. ROA improved to 0.82%, while the capital adequacy ratio stood at 17.39% under Basel III norms. BOI's digital initiatives have onboarded over 1 crore customers through its mobile banking app.

Bank of India Reports 32% Jump in Net Profit to ₹2,252 Crore in Q1

Bank of India's Q1 performance shows significant growth with net profit rising 32% year-on-year to ₹2,252.00 crore. Total income increased to ₹20,518.00 crore. Asset quality improved markedly with gross NPA ratio declining to 2.92% from 4.62% and net NPA ratio improving to 0.75% from 0.99%. The bank's capital adequacy ratio stands strong at 17.39%, with CET1 ratio at 14.52%. Operating profit grew to ₹4,009.00 crore, and return on assets improved to 0.82%.

Bank of India Schedules Analyst Meet to Discuss Q1 FY26 Financial Results

Bank of India (BoI) has scheduled an analyst meet for July 29, 2025, at 6:30 PM to discuss its unaudited financial results for Q1 FY'26. The hybrid meeting will be held at Trident Hotel, Mumbai, with virtual participation available via Webex. Top management, including MD & CEO Shri Rajneesh Karnatak and Executive Directors, will be present. The event aims to provide insights into the bank's Q1 performance ending June 30, 2025. Virtual participants can join using the provided Webex details, with both video and phone options available.

Bank of India Announces Analyst Meet to Discuss Q1 FY26 Financial Results

Bank of India has scheduled an analyst meet for July 29, 2025, at 6:30 PM to discuss its Q1 FY'26 unaudited financial results. The event will be held in a hybrid format at Trident Hotel, Mumbai, with virtual participation via Webex. Top management, including MD & CEO Shri Rajneesh Karnatak and Executive Directors, will lead the discussions. The meet offers both physical and virtual attendance options, with dial-in details provided for remote participants.

Bank of India Slashes Interest Rates and Eliminates Minimum Balance Charges

Bank of India (BOI) has introduced customer-friendly measures effective July 7, 2025. These include interest rate reductions on green deposits, savings accounts, home loans, and education loans. BOI has also eliminated minimum balance charges for all savings accounts. These changes aim to enhance customer value, support credit growth, and improve financial inclusion.

Bank of India Slashes Savings Deposit Rate to 2.5%, Adjusts Green Deposit Rates

Bank of India (BOI) has reduced interest rates on savings deposits by 25 basis points to 2.50%. The bank also lowered rates on 999-day green deposits from 7.00% to 6.70%. This move aligns with a broader trend in the banking sector, as other major banks like HDFC Bank have also implemented similar rate cuts. The changes will impact returns for BOI's savings account holders and green deposit investors.

Bank of India Reports Robust Growth in Deposits and Advances

Bank of India has announced significant growth in its key financial metrics as of June 30. The bank's global deposits increased by 9.07% year-over-year, while global gross advances surged by 11.95%. This simultaneous growth in deposits and advances indicates the bank's strong position in the sector, improved customer trust, and active participation in credit expansion.

Bank of India Reports Double-Digit Growth in Gross Advances

Bank of India announced impressive growth in its provisional financial figures for the quarter ended June 30. The bank's gross advances increased by 11.95% year-over-year, while global deposits grew by 9.07%. This balanced growth in both lending and deposits indicates robust expansion in core banking operations and suggests a positive momentum for the public sector bank.

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