The Reserve Bank of India lowered its key interest rate on Friday and announced measures to infuse up to $16 billion into the banking system this month in the form of debt purchases and a foreign exchange swap.

The rate cut by the RBI MPC came as a surprise for many, as a majority of experts expected the central bank to maintain the status quo on rates in December.

The MPC maintained its neutral policy stance, signalling that the central bank remains cautiously optimistic but not yet ready to declare a firm pivot towards an easing cycle.

India's Fino Payments Bank received "in-principle" approval to transition into a small finance bank, the country's central bank said on Friday. The transition will allow Fino Payments Bank to accept larger deposits,

The policy day is here. Reserve Bank of India's Monetary Policy Committee led by Governor Sanjay Malhotra will be announcing its policy decision at 10 AM today after their three-day policy meeting comes to an end.

India’s growth accelerated to its fastest pace in six quarters, while inflation  eased to the lowest monthly reading on record.

With the conviction that headline inflation will stay benign for the next six to nine months, the six-member Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) unanimously decided to lower the policy repo rate by another 25 basis points (bps) to 5.25 per cent on Friday, the lowest in over three years.

Survika, an RBI-registered NBFC, offers fast MSME, personal and supply-chain loans with transparent terms and simple digital steps.

The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, on Friday said the high tariffs imposed by the United States had minimal impact on the Indian economy. The RBI raised its gross domestic product (GDP) growth forecast for the current fiscal year 2025-26 to 7.3% from 6.8% previously.