The Reserve Bank of India has sanctioned the Scheme of Amalgamation of Indian branches of Emirates NBD Bank P.J.S.C. (Transferor Bank) with RBL Bank Limited (Transferee Bank). The Scheme has been sanctioned in exercise of the powers contained in sub-section (4) of Section 44A of the Banking Regulation Act, 1949. The effective date of the amalgamation shall be December 01, 2026. All the Indian branches of Emirates NBD Bank P.J.S.C. will function as branches of RBL Bank Limited with effect from December 01, 2026.…
Key highlights of WPI (Base Year 2022-23) for September 2026 All India Wholesale Price Index (WPI) inflation for September 2026 is 11.39 per cent on year-on-year (YoY) basis, compared to 9.92 per cent in August 2026. The index for All Commodities for September 2026 stands at 112.5, whereas it was 110.8 in August 2026. YoY inflation rates for major groups, namely, Primary Articles, Fuel and Power, and Manufactured Products are 8.67 per cent, 25.85 per cent, and 9.76 per cent, respectively in September 2026,…
IDBI Bank Ltd. is a scheduled commercial bank regulated by the Reserve Bank of India (RBI). Due to its poor financial health, the Bank required repeated infusion of capital, initially provided by the Government of India and later by the LIC. On 5th May, 2017, the Reserve Bank of India (RBI) put the IDBI Bank under the Prompt Corrective Action Framework and imposed several restrictions in view of its non-performing assets and losses incurred by the Bank. After considering the improvement in the Bank’s financial…
The Reserve Bank has launched the 116th round of the quarterly Industrial Outlook Survey (IOS) of the Indian manufacturing sector for the reference period October-December 2026. The survey assesses business sentiments for the current quarter (Q3:2026-27) and expectations for the ensuing quarter (Q4:2026-27), based on qualitative responses on a set of indicators pertaining to demand conditions, financial conditions, employment conditions and the price situation. The outlook on key parameters for the two subsequent…
In view of the evolving conditions and to ensure orderly functioning of the foreign exchange market, the Reserve Bank of India has today issued two circulars - A.P. (DIR Series) Circular No. 25 and A.P. (DIR Series) Circular No. 26 announcing the following regulatory measures. Restrictions on rebooking of cancelled foreign exchange derivative contracts: Authorised Dealers shall not permit users to rebook any foreign exchange derivative contract involving INR, whether deliverable or non-deliverable, which has been…
The Reserve Bank of India has launched the 75th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period July – September 2026 (Q2:2026-27). The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis since 2008. The information collected in the survey includes quantitative data on new orders received during the reference quarter, backlog of orders at the…
The Reserve Bank of India had issued draft Directions on the ‘ Credit Valuation Adjustment (CVA) Framework’ on August 7, 2026, inviting feedback from stakeholders until August 28, 2026. 2. The draft Directions proposed modifications to the instructions on capital charge for CVA risk for commercial banks. Key revisions included: (i) allowing eligible banks to choose a simpler approach; (ii) increasing the sensitivity of supervisory risk weights for counterparties by sector and credit quality; (iii) clarifying the…
The Reserve Bank of India had issued draft Amendment Directions on the ‘ Standardised Approach for Counterparty Credit Risk (SA-CCR)’ on June 10, 2026, inviting feedback from stakeholders until July 1, 2026. The draft Amendment Directions proposed modifications to the instructions on capital charge for counterparty credit risk as provided in Master Direction on Forthcoming Instructions for commercial banks. Key revisions included: (i) clarifying the scope of CCR for both banking and trading book exposures, (ii)…
The Reserve Bank, vide Press Release dated July 14, 2026, had issued the draft "Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026”, seeking comments / feedback from the regulated entities and members of public / other stakeholders on or before August 4, 2026. The draft Amendment Directions proposed to simplify approval process for subsequent acquisitions of major shareholding in a banking company by mutual funds, insurance companies and pension funds. 2.…
World Tourism Day 2026, to be observed on 27 September under the theme “Digital Agenda and Artificial Intelligence to Redesign Tourism ”, highlights the role of technology in shaping the future of tourism. In India, the sector is emerging as an important contributor to economic growth, employment, and livelihoods, contributing 5.22% to GDP and supporting 8.46 crore jobs in 2023-24. Domestic Tourist Visits reached 428.55 crore in 2025, while Foreign Tourist Visits rose to 2.53 crore and foreign exchange earnings…
Today, the Reserve Bank released the September 2026 issue of its monthly Bulletin. The Bulletin includes seven speeches, three articles and current statistics. The three articles are: I. State of the Economy; II. Credit-Deposit Divergence: A Balance Sheet Decomposition; and III. Private Corporate Investment: Growth in 2025-26 and Outlook for 2026-27. I. State of the Economy With geopolitical tensions re-escalating in West Asia, the global economy is again confronted with rising energy prices, and increased…
Key highlights of ICI for the month of August 2026 The Index of Core Industries (ICI) grew by 4.8 per cent in August 2026 (Provisional Estimate) on a year-on-year basis, compared with August 2025. This is slightly less than the growth rate of 5.0 per cent recorded in July 2026 (Final Index). Cement, Electricity, Iron Ore, Steel, and Refinery Products observed (Y-o-Y) growth rate of 12.5 per cent, 11.6 per cent, 5.5 per cent, 3.4 per cent, and 2.6 per cent, respectively, whereas Coal, Natural Gas, Crude Oil, and…
1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Sep. 12 Sep. 04 Sep. 11 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 29150 27940 14958 -12981 -14192 * Data are provisional; difference, if any, is due to rounding off. 2. Foreign Exchange Reserves* Item As on Sep. 11, 2026 Variation over Week End-March 2026 Year ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. ₹ Cr. US$ Mn. 1 2 3 4 5 6 7 8 1 Total Reserves 7460261 780782 35788 -4924…
Today, the Reserve Bank released the data 1 related to the 2025-26 round of its annual survey on computer software and information technology enabled services (ITES) exports. The survey 2 collects details on India’s exports of software services {computer services and ITES/business process outsourcing (BPO) services} as per type of activity, on-site/off-site nature of services, country of destination and modes of supply. For 2025-26 round of the survey, 7,569 software export companies were contacted, of which 2,363…
Contents Sections I. Monetary Policy II. Regulation III. Central Board Meeting IV. Publications V. Data Release and Surveys Volume XXII | Issue 5 | August 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Governor Shri Sanjay Malhotra announced the MPC's decision on August 5, 2026, following the third Bi-monthly Meeting for 2026-27, to keep the repo rate unchanged at 5.25 per cent, the SDF rate at 5.00 per cent and the MSF rate and Bank Rate at 5.50 per cent, with the stance retained at neutral.…
Today, the Reserve Bank released the results of September 2026 round of its bi-monthly Rural Consumer Confidence Survey (RCCS) 1 2. The survey collects current perceptions (vis-à-vis a year ago) and one year ahead expectations of households, on general economic situation, employment scenario, overall price situation, own income and spending, besides information on inflation. The survey was conducted during September 10-20, 2026, covering 8,799 responses in the rural and semi-urban areas across all Indian states…