#central-bank
Central Bank of India expects limited impact from new provisioning rules
Central Bank of India managing director and CEO Kalyan Kumar says it is well buffered against the RBI’s shift to stricter, forward-looking loan-loss provisioning, with existing provisions and strong capital expected to absorb any transition impact,
India explores steps to mobilise dollar inflows as rupee slides, sources say
India's central bank is actively seeking methods to attract dollar inflows. This move aims to bolster foreign exchange reserves and stabilize the rupee. Measures under consideration include reviving a deposit scheme for non-resident Indians and removing withh…
Rohit Jain appointed RBI Deputy Governor
Rohit Jain appointed as RBI Deputy Governor, effective May 3, 2026, succeeding T Rabi Sankar for a three-year term.
Rohit Jain appointed RBI deputy governor for three-year term
Rohit Jain has been appointed as the new deputy governor of the Reserve Bank of India. His term will begin on May 3 and last for three years. Jain currently serves as an executive director at the central bank. He takes over from T Rabi Sankar, who recently re…
India’s forex reserves fall $4.82 billion to $698.49 billion as of April 24
India's foreign exchange reserves saw a significant drop of $4.82 billion, reaching $698.49 billion by April 24. This decline follows a rise in the previous week. The central bank has been intervening to manage the rupee amid global uncertainties. Foreign cur…
India’s heat wave creates new inflation risks after oil surge
India faces inflation risks from severe heat waves and predicted below-normal monsoon rains, exacerbating existing economic pressures from high energy costs. These adverse weather conditions are expected to push inflation above the central bank's target, impa…