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India Bank Shares Jump as Deposit, Yield Worries Ease
Signage at the State Bank of India (SBI) headquarters in Mumbai, India, on Tuesday, Nov. 11, 2025. SBI is supportive of another wave of mergers among state-backed lenders as policymakers explore ways to build scale and finance growth in the world’s fastest-growing major economy. Photographer: Abeer Khan/Bloomberg
Like Indonesia, India's central bank may hike rates to defend its currency
India's central bank may defy expectations that it will leave its benchmark interest rate unchanged during its monetary policy decision meeting on Friday. The majority of economists polled by CNBC expect the Reserve Bank of India to keep rates unchanged at 5.25% while signaling a rate hike may only occur towards the end of the year. A minority expect policymakers to act at this week's meeting in a bid to anchor the rupee, which has depreciated to record lows against the dollar.
India’s Top Bank in $1 Billion Funding for Sun Pharma’s US Deal
The State Bank of India headquarters in Mumbai.
India Central Bank Says Report on Selling Gold Is Incorrect
Gold bars Photographer: Anindito Mukherjee/Bloomberg
Public sector bank accounts not needed for re-evaluation fee: CBSE
Amid confusion among candidates following the launch of the system earlier this week, CBSE Wednesday clarified that students applying for verification and re-evaluation of Class XII answer sheets do not need to hold accounts with State Bank of India, Canara Bank, Bank of Baroda or Indian Bank for payments on board’s online portal. Board also said the portal was functioning smoothly despite a major cyberattack attempt Tuesday, when the system came under a barrage of denial-of-service attacks...
India Rate-Hike Bets Build as Pricey Oil, Weak Rupee Stoke Inflation Risks
The Reserve Bank of India (RBI) logo at the central bank's headquarters in Mumbai, India, on Wednesday, Aug. 6, 2025. RBI Governor Sanjay Malhotra said the country contributes more to global growth than the US, responding to President Donald Trump’s recent remark dismissing the South Asian nation as a “dead” economy. Photographer: Dhiraj Singh/Bloomberg
RBI debunks report claiming it sold $12 billion worth of gold to protect forex reserves
NEW DELHI: The Reserve Bank of India (RBI) on Wednesday dismissed report claiming that it may have sold gold worth about $12 billion to bolster foreign exchange reserves and support the rupee amid economic pressures linked to the ongoing US-Iran conflict. In a press release, RBI said, "The Reserve Bank of India (RBI) has come across reports in certain sections of the media about RBI’s sale of gold. The RBI emphasises that these reports are not correct.
India's cenbank cuts growth outlook, raises inflation forecast as it keeps rates steady at 5.25%
India's central bank on Friday held interest rates at 5.25% at a time when surging global energy costs have hammered its currency, while the Iran war risks accelerating inflation. The Reserve Bank of India was widely expected to keep rates steady, as per economists polled by both Reuters and CNBC. RBI raised its inflation projection for the financial year ending March 2027 by 50 basis points to 5.1%, while tempering the economy's growth forecast to 6.6% for the year, down from 6.9% projected...
Will India finally get plastic banknotes? RBI's polymer currency plan explained
NEW DELHI: Reserve Bank of India Governor Sanjay Malhotra on Friday said the central bank is considering a proposal to introduce polymer currency notes in India, though the idea remains at a preliminary stage and no final decision has been taken yet. Addressing the media after the Monetary Policy Committee (MPC) meeting, Malhotra said, "Polymer note is under consideration. We are examining the pros and cons.