Reserve Bank of India News

Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025 updated as on September 29, 2025 specifies and outlines guidelines on lending against the collateral of silver.

The RBI also advised users to refer to its official website for accurate data and updates. "Reserve Bank of India, through PIB Fact Check Unit, has debunked claims that 35 tonnes of gold have been sold by RBI from its reserves. 

The Premature redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA).

The redemption price for premature redemption of 2019-20 Series-VI due on October 30  shall be Rs 11,992.

Tata Sons is the unlisted holding company that controls the Tata Group’s vast network of businesses — including Tata Steel, Tata Motors, Tata Consultancy Services, and Air India.

Indicators of capacity utilisation and domestic demand signalled improvement. Lead indicators of manufacturing and services continued to show a robust expansion. Inflation remained benign, well below the target rate, the RBI Bulletin said.

The redemption price has been fixed at Rs 12,792 per gram, based on the average closing gold prices of 999 purity published by the India Bullion and Jewellers Association (IBJA) between October 15 and 17, 2025.

The Premature redemption price of SGB shall be based on the simple average of closing gold price of 999 purity of previous three business days from the date of redemption, as published by the India Bullion and Jewellers Association Ltd (IBJA).

The cut-off price for the 6.01 per cent GS 2030 stood at Rs 99.52, corresponding to an implicit yield of 6.1252 per cent, whereas the 7.09 per cent GS 2074 was cut off at Rs 98.80, with a yield of 7.1782 per cent. The entire notified amount was accepted in both cases, and there was no devolvement on primary dealers, the central bank said.

The central bank released its HPI for Q1 2025-26 with a new base year of 2022-23. The earlier base year was 2010-11. The RBI compiles the HPI on quarterly basis based on transaction-level data received from the registration authorities.

Hansda recently returned to the central bank on October 6, after completing his deputation as Senior Advisor to the Executive Director (India) at the International Monetary Fund (IMF).

Malhotra also flagged the issue of growing digital fraud and made a strong case for making efforts to curb the menace. The RBI Governor further stated that artificial intelligence (AI) holds the potential to fundamentally enhance the next generation of Digital Public Infrastructure (DPI).

On October 1, the RBI announced that it would allow Authorised Dealer (AD) banks in India and their overseas branches to lend in Indian currency to persons resident in Bhutan, Nepal, and Sri Lanka, including banks in these jurisdictions, to facilitate cross-border trade transactions.

Private banks like HDFC Bank and ICICI Bank will begin same-day cheque clearance from October 4, following the RBI’s new settlement framework. The move aims to make payments faster, smoother, and more secure for customers across the country.

As per the Reserve Bank of India’s (RBI) holiday calendar, banks remain closed on all Sundays and the second and fourth Saturdays of every month. This means branches usually operate on the first, third, and fifth Saturdays. 

The report from ratings agency Crisil noted that decreasing household participation in term deposits and a reduction in current account and savings account (CASA) ratio indicate structural changes that may increase funding costs over the medium to long term.

The October MPC meeting was held from September 29 to October 1, where the six-member committee discussed key issues like interest rates, inflation, and economic growth. This was the fourth meeting of FY26, with two more scheduled for December 3–5, 2025, and February 4–6, 2026.

Regarding business loans, banks could previously revise the spread linked to a borrower’s credit risk only once every three years. Under the new rule, banks may now reduce other spread components earlier than the three-year period to benefit borrowers. Additionally, borrowers will now have the option to switch to a fixed-rate loan at the time of reset.

Speaking on the possible impact of such a move with ANI, Badhan noted that even if the RBI goes ahead with a 25 bps cut in October, the GDP forecast for FY26 is unlikely to see any revision. "Even if RBI decides to cut rate by 25bps, GDP forecast for FY26 is likely to remain unchanged as changes to monetary policy usually takes 2-3 quarters to show it's impact on the real economy" she said.

Gayatri Co-operative Urban Bank Limited of Jagtial, Telangana, faced the heaviest penalty of Rs 10 lakh for selling insurance products to customers without adequate disclosure and transparency, in violation of RBI’s directions on marketing and distribution of mutual fund and insurance products.