January 01, 2026

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RBI

31
Dec

RBI/2025-26/132 (Delhi)
Liquidity Adjustment Facility - Change in rates

31
Dec

RBI/2025-26/133 (Delhi)
Standing Liquidity Facility for Primary Dealers

31
Dec

RBI/2025-26/134 (Delhi)
Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate

31
Dec

RBI/DOR/2025-26/135 (Delhi)
Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) (Amendment) Directions, 2025

31
Dec

RBI/DOR/2025-26/136 (Delhi)
Reserve Bank of India (Small Finance Banks – Undertaking of Financial Services) (Amendment) Directions, 2025

31
Dec

RBI/DOR/2025-26/137 (Delhi)
Reserve Bank of India (Payments Banks – Undertaking of Financial Services) (Amendment) Directions, 2025

31
Dec

RBI/DOR/2025-26/138 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Undertaking of Financial Services) (Amendment) Directions, 2025

31
Dec

RBI/DOR/2025-26/139 (Delhi)
Reserve Bank of India (Non-Operative Financial Holding Company) (Amendment) Directions, 2025

31
Dec

RBI/2025-26/140 (Delhi)
Export and Import of Indian Currency to or from Nepal and Bhutan

31
Dec

RBI/2025-26/141 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Risk Management) – Amendment Directions, 2025

31
Dec

RBI/2025-26/142 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Risk Management) – Amendment Directions, 2025

31
Dec

RBI/2025-26/143 (Delhi)
Reserve Bank of India (Payments Banks – Miscellaneous) – Amendment Directions, 2025

31
Dec

RBI/2025-26/144 (Delhi)
Reserve Bank of India (Local Area Banks – Credit Risk Management) – Amendment Directions, 2025

31
Dec

RBI/2025-26/146 (Delhi)
Reserve Bank of India (Urban Co-operative Banks – Credit Risk Management) – Amendment Directions, 2025

31
Dec

RBI/2025-26/148 (Delhi)
Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025

31
Dec

RBI/2025-26/149 (Delhi)
Reserve Bank of India (Small Finance Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/112 (Delhi)
Reserve Bank of India (Local Area Banks – Credit Information Reporting) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/113 (Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Information Reporting) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/114 (Delhi)
Reserve Bank of India (Urban Co-operative Banks – Credit Information Reporting) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/115 (Delhi)
Reserve Bank of India (Rural Co-operative Banks – Credit Information Reporting) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/116 (Delhi)
Reserve Bank of India (All India Financial Institutions – Credit Information Reporting) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/117 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Credit Information Reporting) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/118 (Delhi)
Reserve Bank of India (Asset Reconstruction Companies – Credit Information Reporting) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/119 (Delhi)
Reserve Bank of India (Credit Information Companies) Amendment Directions, 2025

30
Dec

RBI/DOR/2025-26/120 (Delhi)
Reserve Bank of India (Urban Co-operative Banks – Licensing, Scheduling and Regulatory Classification) Repeal Guidelines, 2025

30
Dec

RBI/DOR/2025-26/121 (Delhi)
Reserve Bank of India (Urban Co-operative Banks - Branch Authorisation) Repeal Directions, 2025

30
Dec

RBI/DOR/2025-26/122 (Delhi)
Reserve Bank of India (Rural Co-operative Banks - Branch Authorisation) Repeal Directions, 2025

30
Dec

RBI/DOR/2025-26/123 (Delhi)
Reserve Bank of India (Rural Co-operative Banks – Miscellaneous) (Amendment) Directions, 2025

30
Dec

RBI/2025-26/124 (Delhi)
Reserve Bank of India (Commercial Banks - Credit Facilities) Amendment Directions, 2025

30
Dec

RBI/2025-26/125 (Delhi)
Reserve Bank of India (Small Finance Banks - Credit Facilities) Amendment Directions, 2025

30
Dec

RBI/2025-26/126 (Delhi)
Reserve Bank of India (Commercial Banks - Concentration Risk Management) Amendment Directions, 2025

30
Dec

RBI/2025-26/127 (Delhi)
Reserve Bank of India (Small Finance Banks - Concentration Risk Management) Amendment Directions, 2025

30
Dec

RBI/2025-26/128 (Delhi)
Reserve Bank of India (Commercial Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2025

30
Dec

RBI/2025-26/129 (Delhi)
Reserve Bank of India (Small Finance Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2025

30
Dec

RBI/2025-26/130 (Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2025

30
Dec

RBI/2025-26/131 (Delhi)
Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Amendment Directions, 2025

29
Dec

RBI/2025-26/102 (Delhi)
Liberalised Remittance Scheme (LRS)- Submission of ‘LRS Daily Return’ by Authorised Dealers- Category -II banks/ entities and Full- Fledged Money Changers

29
Dec

RBI/2025-26/103 (Delhi)
Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Amendment Directions, 2025

29
Dec

RBI/2025-26/104 (Delhi)
Reserve Bank of India (Small Finance Banks - Responsible Business Conduct) Amendment Directions, 2025

29
Dec

RBI/2025-26/105 (Delhi)
Reserve Bank of India (Payments Banks - Responsible Business Conduct) Amendment Directions, 2025

29
Dec

RBI/2025-26/106 (Delhi)
Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Amendment Directions, 2025

29
Dec

RBI/2025-26/107 (Delhi)
Reserve Bank of India (Regional Rural Banks - Responsible Business Conduct) Amendment Directions, 2025

29
Dec

RBI/2025-26/108 (Delhi)
Reserve Bank of India (Urban Co-operative Banks - Responsible Business Conduct) Amendment Directions, 2025

29
Dec

RBI/2025-26/109 (Delhi)
Reserve Bank of India (Rural Co-operative Banks - Responsible Business Conduct) Amendment Directions, 2025

29
Dec

RBI/DOR/2025-26/110 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Information Reporting) Amendment Directions, 2025

29
Dec

RBI/DOR/2025-26/111 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Information Reporting) Amendment Directions, 2025

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INDIAN ECONOMY

Year of contradictions for the Indian economy

Outgoing 2025 was a year of contradictions for the economy, marked by both resilience and strands of fragility. Even as GDP growth kept “surprising” on the upside quarter after quarter, equity and currency markets failed to mirror this optimism. Benchmark indices—the Sensex and the Nifty—clocked single-digit ...

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India to reap reform rewards after turbulent year

The Indian economy enters 2026 under the shadow of global trade tensions and geopolitical shifts but swift reform measures have laid the foundation for it to weather the global challenges on the back of robust growth. The nearly $4-trillion economy has managed to navigate the global storm deftly with growth...

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From build-out to scale-up: India's infrastructure moves from projects to platforms in 2025

By Sushi Shyamal Vemu India's infrastructure sector is experiencing a significant transformation, as major developers and Infrastructure Funds shift their focus from isolated project implementation to developing large scale infrastructure platforms. This change is driven by increased government spending, a m...

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India boards 'reform express' in 2025, puts people before paperwork

2025 was the year India gave its economy a tune-up. Taxes that once felt like labyrinths were simplified, labour rules that read like legal tomes were rewritten, and strategic sectors that had long been closed were thrown open to private investment. It was a full-court press on inefficiency: red tape was t...

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Trumpism won't triumph: Even if a sharp US slowdown is likely, India should fare well in 2026

Trump has triumphed over critics, including me, in 2025. His state of the union message in January foretold a sharp rise in tariffs, and dismantling of the global rules-based economic system as well as the US role as global policeman that had driven the fastest economic growth in post-WW2 history. Then came h...

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One thing India’s economy needs so much in 2026

India economic outlook 2026: India’s export numbers to the United States in FY26 so far present a paradox that Indian policymakers cannot afford to misread. Despite a steep 50% tariff imposed by U.S. President Donal Trump since August, India’s merchandise exports to the US have risen sharply, up 11.38% year-o...

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2026 & beyond: Dr Rangarajan for 2 % rise in investment rate with a firmer grip on sector-specific linkages

Unlike most economists who tend to find it tough to clamber off the fence, Dr C Rangarajan is always clear on the key issues on hand and hardly hesitates to state them. These, even as, he maintains the study in caution that one may expect from a numbers-driven former central banker. Economist and former gover...

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PM Modi hints at ‘mission-mode’ reforms in multiple sectors

Prime Minister Narendra Modi on Tuesday signalled that the Budget FY27 to be unveiled early February would carry the flavour of “Viksit Bharat” and underlined that a key priority for the government at this juncture would be to meet the aspirations of the 250 million people who have been lifted out of poverty ...

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India overtakes Japan to become world’s fourth-largest economy; govt says will take over Germany within 3 years

The Government of India on Monday (December 29) announced via a press release that the country has now overtaken Japan to become the world’s fourth-largest economy. With a gross domestic product (GDP) valued at $4.18 trillion, India now ranks behind only the United States, China and Germany in terms of econom...

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India’s growth outlook remains buoyant, says govt

India’s growth outlook remains buoyant, with both global and domestic institutions upgrading their assessments for the current financial year on the back of strong economic fundamentals, the government said on Tuesday. The Reserve Bank of India has revised its GDP growth projection for FY26 upward from 6.8% t...

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MARKET & FINANCE

Indians creating wealth faster than what wealth management industry can serve: Dezerv's Sandeep Jethwani

India’s growing economy, which has become the fourth-largest globally, is resulting in massive wealth creation, especially first-generation millionaires and billionaires. In an interaction with Moneycontrol, wealth management platform Dezerv’s co-founder Sandeep Jethwani said India’s wealth management industr...

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Corporate lending may rebound as loan-bond rate gap narrows

Bank lending to companies is expected to go up in the coming quarters because the difference in interest rates between corporate bonds and bank loans has narrowed. In addition, recent policy reforms by the Reserve Bank of India (RBI), including allowing domestic banks to do acquisition financing, are expec...

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Foreigners dump record Indian bonds as weak rupee erodes returns

Indian sovereign bonds eligible for inclusion in global indexes are on track for a record monthly outflow, as a weaker rupee and signs the central bank is nearing the end of its interest-rate cut cycle weigh on sentiment. Global funds have sold 143 billion rupees ($1.6 billion) of bonds so far in December,...

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Family office start-up bets ease as capital shifts to micro VCs

Direct startup investments by family offices moderated in 2025, even as overall interest in early-stage venture opportunities remained intact, with a growing share of capital being channelled through micro venture capital (VC) funds instead of direct bets. Family offices invested just over $1 billion acros...

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Rupee, the worst-performing Asian currency in 2025

The Indian rupee saw a very volatile year in 2025. The domestic currency has depreciated around 5% in the year, marking it the highest depreciation in three years. It also remained as Asia’s worst-performing currency. Since the Trump administration took charge in January, the rupee has been weak due to con...

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The invisible force managing Rs 30 lakh crore of Indian wealth: Why Motilal Oswal sees 10% upside potential

While most investors focus on picking the right fund manager, a key financial play is silently managing the records and transactions for a massive chunk of India’s wealth. KFin Technologies acts as the essential backbone for the investment industry, handling the complex data that keeps the markets moving.Give...

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GLOBAL CORPORATE

Exclusive-China Mandates 50% Domestic Equipment Rule for Chipmakers, Sources Say

China is requiring chipmakers to use at least 50% domestically made equipment for adding new capacity, three people familiar with the matter said, as Beijing pushes to build a self-sufficient semiconductor supply chain. The rule is not publicly documented, but chipmakers seeking state approval to build or ...

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SoftBank Completes $41 Billion Investment in OpenAI, Deepening Bet on AI

SoftBank Group said it completed a $41 billion investment in OpenAI, one of the largest-ever private funding rounds that would give the Japanese firm a stake of about 11% in the ChatGPT maker. SoftBank Chief Executive Masayoshi Son has made an "all in" bet on OpenAI and is expanding investment in artificia...

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Warner Bros Likely to Reject Paramount's Latest Hostile Bid, Source Says

Warner Bros Discovery will likely reject Paramount Skydance's amended $108.4 billion hostile bid for the storied Hollywood studio despite a personal guarantee from billionaire Larry Ellison backing the media giant's offer, according to a person familiar with the matter. The board has yet to make a final de...

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Mexico to Hike Tariffs on China Starting Thursday

Mexico's sweeping new tariffs on imports from mostly Asian countries are set to take effect on Thursday, in a move that will largely align Mexico with the U.S. as the neighboring countries place significant barriers on Chinese imports. Approved by Congress in early December, the measure raises tariffs - mo...

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China Sets Quotas, Slaps Additional Tariffs on Some Beef Imports

China will impose additional 55% tariffs on beef imports from countries including Brazil, Australia and the U.S. when shipments exceed certain quotas, a major blow to key global suppliers as the domestic industry grapples with a supply glut. China's commerce ministry said on Wednesday the total quota fo...

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Gas prices set to fall as unified tariff kicks in from January 2026

India’s natural gas market is starting to show tangible benefits for consumers from the Petroleum and Natural Gas Regulatory Board’s (PNGRB) recent overhaul of pipeline tariffs, with city gas operators beginning to reduce CNG and piped natural gas (PNG) prices. While Think Gas has already announced reducti...

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INCOME TAX

Stamp duty vs deal value: Homebuyer gets relief as ITAT Mumbai rejects addition of Rs 18 lakh income by tax dept for property valuation gap

On December 16, 2025, the Income Tax Appellate Tribunal (ITAT) Mumbai granted relief to Mr. Naik from Bhandup, regarding an income addition made by the tax department under Section 56(2)(vii)(b) The tax dept had added its 18.95 lakh to his income due to significant difference between the agreement value and s...

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Banking

PSU Banks lead India’s NPA clean-up

India’s banking system continued its steady clean-up in 2024-25, extending a multi-year improvement in asset quality that began in 2018-19. By the end of March 2025, the Gross NPA (GNPA) ratio of scheduled commercial banks (SCBs) had fallen to a multi-decadal low of 2.2%, down from 2.7% a year earlier. This d...

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Banks’ PSL growth slows down in FY25

The growth in priority sector lending (PSL) for scheduled commercial banks slowed to 12% in FY25 from 16.9% a year ago, according to the Trend and Progress of Banking report, released by the Reserve Bank of India (RBI) on Monday. The moderation in growth was led by private banks, while public sector banks ...

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GLOBAL ECONOMY

Russian Services Sector Sees Fastest Growth Since January, PMI Shows

Russia's services sector expanded in December at its quickest pace since January, driven by a robust increase in new orders, the latest PMI survey from S&P Global showed on Tuesday. The S&P Global Russia Services PMI Business A...

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China's Factory Activity Expected to Shrink for Ninth Month: Reuters Poll

China's factory activity likely shrank for a ninth month in December, as policymakers grapple with lagging domestic demand and sliding factory profits along with volatile trade relations with key export markets. The official pu...

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Thai Economy Improves in November on Stronger Exports, Investment

Thailand's economy in November expanded compared to the previous month, supported by higher exports and investment, but consumption fell over the period, the central bank said on Tuesday. Though overall domestic demand improved...

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Italian Parliament Gives Final Approval to Government's 2026 Budget

The Italian lower house on Tuesday passed the government's 2026 budget, giving final parliamentary approval to the deficit-cutting package which becomes law just ahead of a end-year deadline. Prime Minister Giorgia Meloni's fou...

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Chicago Fed Sees December US Unemployment Rate at 4.6%

The U.S. unemployment rate was 4.6% in December, the Chicago Federal Reserve estimated on Tuesday, unchanged from the official rate reported for November that economists say was likely distorted by technical issues related to the ...

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Nigeria's Central Bank Sees 2026 Growth at 4.49%, Inflation Easing to 12.94%

Nigeria's central bank forecasts 4.49% economic growth and inflation easing to an average 12.94% in 2026, citing stable forex markets and rising oil output as reforms take hold, its latest outlook showed on Tuesday The forecast...

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South Korea 2025 Consumer Inflation Roughly in Line With Central Bank Target

South Korea's consumer inflation for 2025 slowed to 2.1% from 2.3% in 2024, official data showed on Wednesday, roughly in line with the Bank of Korea's target of 2% to potentially bolster the case for the bank to pause interest ra...

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China Approves Major Projects and Investment Plans for 2026 Totalling $42 Billion

China's state planner on Wednesday approved major projects and an investment plan for the central government's budget for 2026 that amounts to about 295 billion yuan ($42.21 billion), its latest move in an effort to expand investm...

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China Will Push More Proactive Macro Policies in 2026, Xi Says

China will implement more proactive policies in 2026 aimed at supporting long-term growth, with its economy expected to meet Beijing's growth target of about 5% this year, state media reported President Xi Jinping as saying on Wed...

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INDIAN CORPORATE

Hero MotoCorp sales drop 15% in December; Bajaj Auto sees 4% decline

India’s biggest two-wheeler maker, Hero MotoCorp, has seen a 15% drop in sales in the month of December with registrations of 281,000 units, according to VAHAN data as of December 31, 2025. Bajaj Auto, the country’s most valued...

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COMMERCIAL LAW

Corporate affairs ministry extends deadline to January 31 for filing financial statements, annual returns

The corporate affairs ministry on Tuesday extended the deadline for filing of financial statements and annual returns under the companies law till January 31, 2026. The extension of the deadline, which was to initially end on D...

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Insolvency

IBC key tool for NPA resolution, but overall recovery rate stagnates

The Insolvency & Bankruptcy Code (IBC) remained the most dominant mode of recovery of stressed assets for banks followed by SARFAESI Act in FY25. This was even as the overall recovery rate improved only marginally from 17.2% to...

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