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| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
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RBI
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1
May
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RBI/2026-27/29
(Delhi)
Reserve Bank of India (Commercial Banks – Credit Cards and Debit Cards:
Issuance and Conduct) - Amendment Directions, 2026
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1
May
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RBI/2026-27/30
(Delhi)
Reserve Bank of India (Commercial Banks – Asset Liability Management) -
Amendment Directions, 2026
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1
May
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RBI/2026-27/31
(Delhi)
Reserve Bank of India (Non-Operative Financial Holding Companies)-
Amendment Directions, 2026
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1
May
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RBI/2026-27/32
(Delhi)
Reserve Bank of India (Urban Cooperative Banks – Resolution of Stressed
Assets)- Amendment Directions, 2026
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1
May
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RBI/2026-27/34
(Delhi)
Reserve Bank of India (Commercial Banks – Classification, Valuation, and
Operation of Investment Portfolio)- Amendment Directions, 2026
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1
May
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RBI/2026-27/35
(Delhi)
Reserve Bank of India (Commercial Banks – Financial Statements: Presentation
and Disclosures)- Seventh Amendment Directions, 2026
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1
May
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RBI/2026-27/22
(Delhi)
Reserve Bank of India (Commercial Banks – Undertaking of Financial Services)
– Second Amendment Directions, 2026
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1
May
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RBI/2026-27/24
(Delhi)
Reserve Bank of India (Commercial Banks - Transfer and Distribution of Credit
Risk) Amendment Directions, 2026
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1
May
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RBI/2026-27/25
(Delhi)
Reserve Bank of India (Commercial Banks – Credit Facilities) Second
Amendment Directions, 2026
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1
May
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RBI/2026-27/26
(Delhi)
Reserve Bank of India (Commercial Banks – Credit Risk Management) - Second
Amendment Directions, 2026
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1
May
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RBI/2026-27/27
(Delhi)
Reserve Bank of India (Commercial Banks - Concentration Risk Management) -
Second Amendment Directions, 2026
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1
May
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RBI/2026-27/28
(Delhi)
Reserve Bank of India (Commercial Banks – Treatment of Wilful Defaulters and
Large Defaulters) - Amendment Directions, 2026
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1
May
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RBI/2026-27/33
(Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital
Adequacy) Fourth Amendment Directions, 2026
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1
May
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RBI/2026-27/36
(Delhi)
Reserve Bank of India (Commercial Banks – Income Recognition, Asset
Classification and Provisioning) Repeal Directions, 2026
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1
May
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RBI/2026-27/37
(Delhi)
Master Direction - Reserve Bank of India (Access Criteria for NDS-OM)
Directions, 2025
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1
May
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RBI/2026-27/38
(Delhi)
Reporting instructions for Authorised Dealer Category-I Banks
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1
May
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RBI/2026-27/21
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Undertaking of Financial
Services) – Amendment Directions, 2026
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29
Apr
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RBI/2026-27/19
(Delhi)
Reserve Bank of India (Regional Rural Banks – Undertaking of Financial
Services) – Amendment Directions, 2026
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29
Apr
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RBI/2026-27/20
(Delhi)
Reserve Bank of India (Small Finance Banks – Undertaking of Financial
Services) – Amendment Directions, 2026
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29
Apr
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RBI/2026-27/15
(Delhi)
Reserve Bank of India (Local Area Banks – Miscellaneous) – Amendment
Directions, 2026
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29
Apr
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RBI/2026-27/17
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies– Undertaking of
Financial Services) –Amendment Directions, 2026
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29
Apr
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RBI/2026-27/18
(Delhi)
Reserve Bank of India (Rural Co-operative Banks– Undertaking of Financial
Services) – Amendment Directions, 2026
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29
Apr
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RBI/2026-27/16
(Delhi)
Reserve Bank of India (All India Financial Institutions – Undertaking of Financial
Services) –Amendment Directions, 2026
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INDIAN ECONOMY
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Economists see a severe hit to the economy in terms of growth, inflation and consumption demand if crude oil — which crossed $126.4 a barrel this week, the highest since March 2022 — continues to trade higher for longer. Analysts predict that if crude remains above the $110-a-barrel mark for an extended perio...
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RBI deputy governor Poonam Gupta Friday said that India has strong macroeconomic fundamentals, which can help it sustain 7.5% growth with low inflation, and added that she was not seeing a major impact on the balance of payments situation due to the West Asia conflict.
At a conference organised by the Isaa...
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Gold is quietly slipping back into national vaults across the world. What once sat comfortably in London and New York is now being packed up, shipped and locked away closer to home. Behind this movement is not a gold rush, but a question of trust. Who really holds your wealth when global economy -- or politic...
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India's consumption economy made a roaring start in the new fiscal year with goods and services tax (GST) collections hitting a record in April while passenger car sales zoomed in the month, shaking off the drag from the West Asia war.
Gross GST collections rose 8.7% in April to Rs 2.43 lakh crore, exceedi...
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The Finance Ministry has allowed central government procuring entities to invoke the Force Majeure Clause (FMC) in contracts affected by the ongoing West Asia conflict, treating the situation as “war” for procurement purposes and permitting deadline extensions without penalties.
The move is expected to pro...
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A steep nearly 50% hike in commercial LPG cylinder prices may disrupt downstream processes in textiles, leather and tyre manufacturing. The latest increase in commercial LPG prices is the steepest on record, the cost of a 19-kg cylinder has risen by about Rs 993 since May 1 amid the ongoing West Asia conflict...
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The government will stick to its planned capital expenditure in FY27 to sustain growth momentum despite global uncertainties, while aiming to gradually exit non-strategic areas to create more room for the private sector to expand, senior officials said on Friday.
The Centre has budgeted FY27 capital spen...
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India is in talks with Nepal for ethanol exports and is also exploring opportunities to supply ethanol to SAARC nations, CK Jain, President of the Grains Ethanol Manufacturers Association of India (GEMA), told ANI.
"Our GEMA delegation went to Nepal two days ago. We just heard that Nepal wants to start 10 ...
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India and the UK on Friday discussed ways to boost two-way commerce and investments and leverage opportunities under the comprehensive economic and trade agreement signed in July last year.
It was discussed during a virtual meeting between Commerce and Industry Minister Piyush Goyal and UK Secretary of Sta...
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Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Friday said that India has managed to maintain stable energy supplies and shield consumers from global price shocks due to severe disruption resulting from the closure of the Strait of Hormuz...
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In a notable development, a top official from the ministry of Finance on Friday has issued the department’s first detailed official response on the impact of the ongoing war between Iran, US and Israel on the Indian economy.
Ministry of Finance’s Expenditure Secretary V Vualnam on Friday talked about the i...
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MARKET & FINANCE
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The Securities and Exchange Board of India (Sebi) has introduced a fast-track mechanism for processing private placement memoranda (PPMs) of alternative investment funds (AIFs), aiming to reduce timelines and facilitate quicker deployment of capital.
Revised Framework for AIF Launches
Under the revised f...
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Foreign investors sold Japanese bonds heavily in the week through April 25 on inflationary worries due to rising oil prices and caution ahead of the policy decision by the Bank of Japan.
Foreigners ditched a net 786.9 billion yen ($5.01 billion)worth of Japanese long-term bonds, a significant rise from 294...
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India’s foreign exchange reserves fell by $4.82 billion to $698.49 billion in the week ended April 24, data released by the Reserve Bank of India (RBI) showed on Friday.
Foreign currency assets (FCAs), the largest component of the reserves, declined by $2.84 billion to $554.62 billion during the week.
G...
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GLOBAL CORPORATE
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British exports to the United States have slumped since the introduction of US tariffs, official data showed Friday, a day after President Donald Trump lifted import taxes on Scottish whisky.
Exports to the United States have "remained relatively low" since Trump's global tariffs onslaught in April last ye...
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Exxon Mobil beat estimates for adjusted earnings on Friday, helped by higher output in Guyana and the Permian Basin, though net income dropped to its lowest level in five years due to global supply disruptions from the Iran war that the company's CEO cautioned could worsen in coming months.
Adjusted earnin...
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Registrations of Tesla cars continued to rebound in France, Denmark and the Netherlands in April, but fast-moving Chinese rivals such as BYD kept chipping away at the U.S. electric vehicle maker's market share.
Tesla's sales have recovered strongly in Europe this year after two consecutive annual declines,...
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Chinese EV giant BYD's vehicle sales fell for an eighth straight month in April, down 15.5% from a year earlier and extending its longest-ever downturn as it struggles with weak demand at home.
Overseas sales of passenger vehicles and pickup trucks, increasingly a source of growth for BYD, jumped 35% to 13...
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Venezuela's oil exports rose 14% to 1.23 million barrels per day in April, the highest in more than seven years, fueled by more sales to the United States, India and Europe, shipping data and documents from state company PDVSA showed on Friday.
The South American country has been draining oil inventories a...
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Shipping through the strategic Strait of Hormuz has seen a dramatic decline amid escalating tensions in West Asia, following US and Israeli strikes on Iran and Tehran's retaliatory action in the region, with traffic falling by more than 90 per cent since the onset of the conflict, according to assessments by ...
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US President Donald Trump said on Friday that he plans to raise tariffs on cars and trucks imported from the European Union to 25% as early as next week, accusing the bloc of failing to honour a previously agreed trade arrangement.
Vehicles assembled at American plants, he said, would be exempt from the hi...
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Banking
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Financial services secretary M Nagaraju on Friday said the proposed high-level committee on banking reforms will examine balance sheet constraints faced by public sector banks (PSBs), enabling them to better leverage their capital.
The government is expected to announce the terms of reference for the panel...
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India’s balance of payments retains structural strength, with resilient remittances, services exports and FDI inflows, helping offset weaker portfolio flows and cushion the economy against external shocks, Reserve Bank of India deputy governor Poonam Gupta said on Friday.
Despite global uncertainties relat...
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Banks are failing to unlock the full value of artificial intelligence (AI) despite heavy investments, as they continue to rely on outdated systems and processes, according to a recent report by McKinsey & Company.
The report, titled "The AI-powered bank: Rewiring for excellence in customer care," said that...
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GLOBAL ECONOMY
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The most serious fuel price shock to hit Pakistan in more than half a century threatens to unleash a flood of cascading crises that could batter all aspects of the economy and undermine the government of Prime Minister Shehbaz Sha...
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The long-awaited trade deal between the European Union and South America’s Mercosur bloc has provisionally come into effect, boosting business ties amid tariff threats and deepening uncertainty around global cooperation.
The pa...
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Earlier this month, the Bank of Israel slashed its growth forecast for this year, citing the hostilities in the Middle East.
But, remarkably for a country that has been on an effective war footing for almost three years, the ce...
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Canada's manufacturing sector expanded in April at the fastest pace in nearly four years as the war in the Middle East spurred stock building and added to inflation pressures, data showed on Friday.
The S&P Global Canada Manufa...
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U.S. manufacturing activity held steady in April, but supplier delivery performance worsened as the war in the Middle East disrupted shipping in the Strait of Hormuz, boosting prices for raw materials and other inputs to a four-ye...
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INDIAN CORPORATE
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Metals firm Jindal Steel Ltd swung back to profit for the January-March quarter, reporting a consolidated net profit of Rs 1,045 crore for the quarter, compared to a loss of Rs 339 crore in the same quarter last year. Consolidated...
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The finance ministry has authorised invocation of force majeure for government contracts affected by the West Asia conflict, saying the situation should be treated as war, offering relief to companies such as drone manufacturers w...
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State-owned CIL, the country's largest coal producer, on Friday reported a 9.7 per cent drop in coal production to 56.1 million tonnes (MT) in April, raising concerns over meeting the country's surging energy demands.
The slump...
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Realty firm Lodha Developers will launch residential properties worth nearly Rs 22,000 crore for sale during the current fiscal as part of its expansion plan. According to its latest presentation, the company plans to launch 15 mi...
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