- #1economic_timespositive
Portable bank A/Cs for better user experience: RBI eyes more power for consumers
The Reserve Bank of India is developing a Payments Switching Service to centralise standing payment instructions, enabling customers to migrate mandates across banks seamlessly. The initiative aims to boost account portability, lower entry barriers for firms, and accelerate cross-border payment integration.
RBI's Payments Switching Service will centralise mandates, enabling seamless bank account portability for customers.
paymentsdigital_bankingfinancial_inclusion - #2hindu_businesslineneutral
ARCs see better AUM growth in FY27 as stress likely to build up among lenders due to ripple impact of war
Asset Reconstruction Companies (ARCs), which recorded subdued assets under management growth of 4–6% in recent years, anticipate a stronger FY27 as the West Asia war strains MSME and retail borrowers, potentially souring lenders' asset quality. Scheduled Commercial Banks' gross non-performing asset ratio currently sits at a multi-decade low of 2.2%, but industry experts warn a cyclical turn is approaching.
West Asia war-driven MSME stress may lift ARC business volumes meaningfully in FY2026-27.
npa_resolutioncredit_markets - #3economic_timesneutral
Fiscal deficit until February eases to 80.4% of FY26 target
India's fiscal deficit reached ₹12.53 lakh crore, or 80.4% of the full-year FY26 target, through February 2026, improving from 85.8% at the same point last year. Restrained revenue expenditure growth of just 1%, alongside a 14%-plus rise in capital expenditure, has supported both deficit containment and spending quality.
Fiscal deficit at 80.4% of FY26 target through February, aided by tight revenue expenditure control.
economy_macro - #4economic_timesneutral
Govt retains small savings interest rates for June quarter
The government has held small savings interest rates unchanged for a ninth consecutive quarter, keeping the Public Provident Fund at 7.1% and the Senior Citizen Savings Scheme at 8.2%, even as the Reserve Bank of India has cut its benchmark rate by 125 basis points since February 2025. Rising government securities yields, partly driven by the West Asia war, have reduced pressure to lower these rates in line with the policy rate.
Small savings rates held steady for nine straight quarters despite 125-basis-point RBI policy rate cuts.
monetary_policygovernment_securities - #5economic_timesnegative
RBI imposes penalty on Airtel Payments Bank
The Reserve Bank of India has imposed a monetary penalty on Airtel Payments Bank after a statutory inspection found the bank failed to disclose certain customer complaints in its FY2024-25 annual financial statements. The regulator clarified that the penalty addresses regulatory compliance deficiencies and does not impugn the validity of any customer transactions.
RBI penalises Airtel Payments Bank for non-disclosure of complaints in FY25 financial statements.
banking_supervisionregulation - #6economic_timesneutral
Banks' export credit, consumer loans decrease, gold loan surges
Gold loans surged 128% to Rs 4.29 lakh crore, emerging as the fastest-growing credit segment in Indian banking. Overall non-food bank credit grew 14.3% year-on-year to February 2026, accelerating from 11.1% a year earlier, with services and industry leading sectoral gains.
Gold loans expanded 128%, becoming the highest-growth credit category among all sectors.
credit_markets - #7reserve_bank_of_indianeutral
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to External Commercial Borrowing (ECB)
The Reserve Bank of India has revised reporting norms for External Commercial Borrowings under the Foreign Exchange Management Act, 1999, effective April 1, 2026. Key changes include reclassifying Form ECB 1 as a non-flow return, applying Late Submission Fees per individual return, and mandating authorised dealers to submit complete returns within seven calendar days.
Revised ECB reporting rules, effective April 2026, tighten submission timelines and Late Submission Fee computation.
forexregulation - #8economic_timespositive
Sales of pvt non-financial public cos rise 7.8% in FY25: RBI data
Sales of non-government, non-financial public limited companies rose 7.8% in fiscal year 2024-25, with services sector revenue growing 10.1% driven by transport and information technology segments. Post-tax profits surged 23.1%, with services companies recording a notably stronger 40.2% profit growth versus 12.8% for manufacturing.
Post-tax profits of listed non-financial companies jumped 23.1% in FY25, led by the services sector.
economy_macrocorporate_finance - #9economic_timespositive
India's invisible receipts grow 56% to $464.189 billion in April-Dec period
India's invisible receipts — covering services exports, remittances, and investment income — grew 56% to $464.19 billion in April–December 2025, according to Reserve Bank data. Technology and telecommunications services drove a 13% rise in computer and information services receipts, while inward remittances climbed 10% to $111 billion.
India's invisible receipts reached $464 billion in nine months, with remittances and IT services as key drivers.
economy_macroforex - #10economic_timesneutral
Real-time checks to improve discipline in credit cycle
The Reserve Bank of India has mandated weekly credit bureau reporting by lenders from April 1, 2026, replacing the earlier fortnightly cycle to enable near real-time monitoring of borrower behaviour. Bankers anticipate a short-term uptick in reported delinquencies, particularly in microfinance, while credit underwriting is expected to evolve toward continuous lifecycle-based risk assessment.
Weekly credit bureau reporting from April 2026 enables real-time borrower monitoring, reshaping underwriting standards.
regulationcredit_markets