Jana Small Finance Bank Limited has secured Reserve Bank of India (RBI) approval to re-appoint Mr. K S Raman as Executive Director. The new three-year tenure runs from 1 January 2027 through 31 December 2029. Key Timelines for Jana Small Finance Bank K S Raman Leadership Extension The bank will present the re-appointment proposal to […]
India global growth could play a major role in the next phase of the world economy, according to International Monetary Fund (IMF) Deputy Managing Director Nigel Clarke. Clarke said India has the potential to power the next wave of global growth. He pointed to the country’s strong economic fundamentals, private sector strength and expanding technology […]
Suman Ray RBI appointment marks a new senior leadership role for the career central banker, who has been appointed as Executive Director (ED) of the Reserve Bank of India (RBI). In his new role, Ray will oversee the Department of Deposit Insurance and Credit Guarantee Corporation (DICGC) and the Premises Department. Suman Ray RBI Appointment […]
The RBI draft guidelines propose a uniform framework for interest rates on loans across regulated entities. The Reserve Bank of India aims to improve monetary policy transmission, strengthen credit-risk pricing and ensure fair treatment of borrowers. The central bank issued the draft titled “Reserve Bank of India (Interest Rates on Loans and Advances) Directions, 2026.” […]
Prabhakar Jha, Chief General Manager at the Reserve Bank of India (RBI), has taken charge as the Regional Director for Jammu and Kashmir and Ladakh. He will oversee the central bank’s regional operations across the two Union Territories. Jha moves to the RBI’s Jammu office after serving as Regional Director at the central bank’s Panaji […]
The Indian government has given its approval to the Reserve Bank of India’s (RBI) plan to test polymer notes with denominations of ₹10 and ₹20, according to Monday’s statement from the Finance Ministry to Parliament. Pankaj Chaudhary, India’s Minister of State for Finance, informed the Lok Sabha in a written response that the country’s central […]
The Reserve Bank of India (RBI) has given the green light for state-owned lender Bank of Baroda (BoB) to form a wholly-owned subsidiary and engage in Standalone Primary Dealer (SPD) operations, the bank said Thursday to stock exchanges. According to the information provided by the regulatory body, the proposed subsidiary will get funding of up […]
To support the “sunrise sectors” vital to India’s economic growth, the State Bank of India (SBI) established the “CHAKRA” Centre of Excellence. Energy from renewable sources, advanced cell chemistry, electric mobility, green hydrogen, semiconductors, smart infrastructure, data centres, and decarbonisation will be the eight main areas of emphasis at the centre. More than Rs 100 […]
India’s Economic Survey 2025-26 commends the Reserve Bank of India’s (RBI) monetary policy under global uncertainty, stressing robust performance in the monetary and financial sectors during FY26. In order to lessen the impact of global financial shocks, it highlights the necessity of creative domestic financing channels. Effective money and credit market operation is said to […]
India is working to expand the global reach of its homegrown digital payment system, Unified Payments Interface (UPI), to more countries, with a special focus on East Asia, Financial Services Secretary M Nagaraju said on Tuesday. Speaking at the Global Inclusive Finance India Summit here, Nagaraju said UPI has played a key role in driving […]
