The Hindu Businessline

The RBI upped the FY27 retail inflation projection 5.1 per cent (earlier projection: 4.6 per cent) and cut the real GDP growth projection to 6.6 per cent (6.9 per cent)

Banks will have to ensure transparency and uniformity in the disclosure of deposit interest rates, per draft amendment directions.

The measures buoyed the rupee, which posted it biggest single day gain since April 2 on Friday

It is a target that the government has given us; the target is not in abeyance at all. It remains at 4%, and that is our endeavor, says Sanjay Malhotra

Reforms could improve reserve adequacy and bolster investor confidence

Measures include higher investment limits for overseas investors in listed equities, wider access to government securities and relaxation of FPI debt investment norms

Policy aims to attract stable capital and lower borrowing costs

Bitcoin is trying to stabilise around $64,000 after dropping over 13% in the past week, nearly halving its value since its October 2025 peak and reducing its market cap to approximately $1.27 trillion

The Latest Home Loan Interest Rates: Jun 05, 2026

The Latest Fixed Deposit Interest Rates: Jun 05, 2026

As of May 29, 2026, Indias foreign exchange reserves were $682.3 billion, sufficient for 11 months of imports and covering 89.1% of external debt, he said

Bitcoin has dropped about 14% this week to trade around four-month lows

Move comes in the face of the rupee coming under pressure amid the West Asia war, spike in crude oil prices and FPI-related dollar outflows from the Indian equity markets

RBI revises real GDP projection downward to 6.6% from 6.9% and ups retail inflation projection to 5.1% from 4.6% for FY27

Bonds with maturities of less than five years made up over two-thirds of the top 10 notes foreign investors bought during March-May, higher than less than half of similar purchases in January-February, clearing house data showed.

Talent retention remains a hurdle for GIFT City despite its growing appeal to global firms

Mishra is at present working as Chief Economist with Axis Bank

The bank said SEBI issued the warning letter on June 1, 2026, which was received by the lender on June 2.

Fraser underscored the long-term potential and trend that India inexorably is on

The funding round was led by Sony Innovation Fund, with participation from existing investor 3one4 Capital.

These new branches will come up in tier-3 and -4 towns in Tamil Nadu, Karnataka, Andhra Pradesh and Telangana, the company said

The bank had made total recovery of 3,307 crore during financial year ended March 2026

One proposal suggests shifting Reliances cash from liquid mutual funds to short-dated money market instruments, sources say

Visa launched Visa.co.in, a platform offering curated lifestyle benefits and rewards for eligible cardholders

Value of trades in tri-party repurchase segment hit all-time high of 5.5 trillion rupees on May 13 and has stayed elevated since

The award was presented in the category Modern Technologies-led Innovation Data Insights & Analytics Platform at a ceremony organised by Infosys Finacle in Mumbai

The proposals come as policymakers seek to support the rupee amid foreign fund outflows, higher oil import costs and global economic uncertainty.

The partnership includes a GIFT City-based facility for dollar-denominated transactions and a partial guarantee mechanism for domestic rupee transactions

The initiative marks the first phase of collaboration between NPCI International Payments Limited and Acleda Bank Plc. and is aimed at promoting seamless, secure, real-time cross-border merchant payments while reducing reliance on cash and cards

Some concrete measures being discussed include having standard treatment protocols for common ailments to start with, which could help define pricing, says Dr S Prakash, Chief Executive Officer at General Insurance Council

This is the second time in less than three months that RBI has cancelled a treasury bill sale

Strong banks require capital and technology; they also require judgment, governance, accountability and institutions that learn.

Credit demand seems to be robust across sectors, he said

A pause will definitely help us stabilise in terms of ensuring that smooth growth rates are achieved, Setty said

These investments will be required across infrastructure, manufacturing, energy transition, urban development, MSMEs and innovation, Setty said at the Citi Investor Conference

Rising benchmark yields have lifted corporate borrowing costs, dampening companies appetite for debt sales, even as the RBI is widely expected to keep its policy rate unchanged on Frida

In December 2025, IOB received approval from the RBI to establish an International Financial Services Centre Banking Unit at GIFT City

Robust transmission of repo rate cuts to lending rates; household sector accounts for 58.6% of total bank credit

Total deposits increased by 12 per cent to 10.62 lakh crore, while total credit expanded by 13 per cent to 7.74 lakh crore

The insurance company, a joint venture between Generali of Italy and the Central Bank of India, ended 2025-26 with a first-year premium of 964 crore

The rupee has tumbled to record lows since the Iran war broke out at the end of February, as a resultant spike in crude prices delivered a severe blow to the country

LSEG benchmark yields on AAA-rated corporate bonds with two- to five-year maturities rose above 8% last week, the highest since early 2019

The Reserve Bank of India likely sold about $12 billion in gold reserves and bought $7.5 billion in foreign-currency assets over two weeks ending May 22, according to BEs senior economist Abhishek Gupta

The product has been designed to work within existing payment habits without requiring customers to adopt a separate payment ecosystem or behaviour

The court ruled that the competent authority acted within its powers in appointing LIC employees as enumerators and supervisors for census operations

The regulator also directed the firm to place the order before the Board of the Corporate Agent in the upcoming Board Meeting

The regulator has also proposed restricting minimum-KYC wallets to payments for goods and services, effectively barring their use for person-to-person transfers

The proportion of SCBs savings deposits declined from 34.6% in March 2022 to 28.7% in March 2026

The conference served as an important platform for discussions on best practices in internal control and governance