The MPC, led by Governor Sanjay Malhotra, has announced measures to ease rules for NRIs and expand the role of the Rupee in global trade. Key steps include simplifying FEMA and ECB norms, boosting Rupee internationalisation, extending export timelines, reviewing…
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The Reserve Bank of India announced new steps to boost Indian Rupee use in international trade. Banks received permission to lend INR to non-residents from Bhutan, Nepal, and Sri Lanka. RBI proposed establishing reference rates for major trading partners’ currencies.…
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RBI Governor Sanjay Malhotra unveiled a comprehensive set of measures to strengthen credit flow and enhance ease of doing business. These include consolidating regulatory circulars, simplifying FEMA regulations for foreign investors, and increasing flexibility for banks and exporters. The central…
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The RBI proposed significant reforms to bolster India’s banking sector, introducing risk-based deposit insurance premiums and an Expected Credit Loss provisioning framework from April 2027. Revised Basel III capital norms will also be implemented, reducing capital requirements for MSMEs and…
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India’s foreign exchange reserves decreased to $700.2 billion on September 26. This marked a $3 billion weekly decline. The central bank frequently supported the rupee. The currency faced pressure from US tariffs and immigration policies. The rupee reached an all-time…
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Tata Motors’ demerger takes effect on October 1, splitting its commercial vehicle and passenger vehicle businesses into two listed entities. Shareholders will receive one share in the new CV company per existing share, with listings expected by mid-November, enabling independent…
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