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Sanjay Malhotra

RBI Governor Sanjay Malhotra said AI could transform credit delivery, customer service and financial inclusion, urging banks to adopt it responsibly.

Amit Shah urged stronger coordination between the RBI and urban cooperative banks, calling for greater trust and wider UCB participation in NUCFDC.

The RBI has raised India's FY27 GDP growth forecast to 6.7%, kept the repo rate unchanged at 5.25% and retained its neutral policy stance.

The Reserve Bank of India has upgraded India’s GDP growth forecast for FY26 to 7.3%, citing strong domestic demand, tax rationalisation, and supportive financial conditions.

The Reserve Bank of India (RBI) raised India’s GDP growth projection for 2025-26 to 6.8 per cent, up from its earlier forecast of 6.5 per cent.

India’s forex reserves rose by $3.51 billion to reach $694.23 billion for the week ending 29 August, according to data released by the Reserve Bank of India (RBI) on Friday.

RBI’s June 2025 report highlights the resilience of India’s financial system, backed by strong banks, NBFCs, and stable inflation.

India’s forex reserves rose to $686.14 billion, the highest since November 2024, showcasing the economy’s resilience.

In a bid to accelerate economic growth, RBI Governor Sanjay Malhotra announced a 25 basis point reduction in the policy repo rate.

India's retail inflation based on the Consumer Price Index (CPI) eased to a 7-month low of 3.61% in February.