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RBI

22
May

RBI/2026-27/86 (Delhi)
Reserve Bank of India (Local Area Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026

22
May

RBI/2026-27/87 (Delhi)
Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026

22
May

RBI/2026-27/88 (Delhi)
Reserve Bank of India (Rural Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026

22
May

RBI/2026-27/89 (Delhi)
Reserve Bank of India (Regional Rural Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026

22
May

RBI/2026-27/90 (Delhi)
Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026

22
May

RBI/2026-27/91 (Delhi)
Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) Sixth Amendment Directions, 2026

22
May

RBI/2026-27/83 (Delhi)
Reserve Bank of India (Commercial Banks - Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026

22
May

RBI/2026-27/84 (Delhi)
Reserve Bank of India (Small Finance Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026

22
May

RBI/2026-27/85 (Delhi)
Reserve Bank of India (Payments Banks - Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026

22
May

RBI/2026-27/92 (Delhi)
Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Third Amendment Directions, 2026

18
May

RBI/2026-27/66 (Delhi)
Reserve Bank of India (Rural Cooperative Banks – Responsible Business Conduct) Amendment Directions, 2026

18
May

RBI/2026-27/74 (Delhi)
Reserve Bank of India (All India Financial Institutions – Responsible Business Conduct) Amendment Directions, 2026

18
May

RBI/2026-27/63 (Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Risk Management) Second Amendment Directions, 2026

18
May

RBI/2026-27/64 (Delhi)
Reserve Bank of India (Rural Cooperative Banks – Resolution of Stressed Assets) Amendment Directions, 2026

18
May

RBI/2026-27/71 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Credit Risk Management) Second Amendment Directions, 2026

18
May

RBI/2026-27/81 (Delhi)
Reserve Bank of India (Payments Banks - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026

18
May

RBI/2026-27/65 (Delhi)
Reserve Bank of India (Rural Cooperative Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

18
May

RBI/2026-27/70 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Amendment Directions, 2026

18
May

RBI/2026-27/73 (Delhi)
Reserve Bank of India (All India Financial Institutions – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

18
May

RBI/2026-27/75 (Delhi)
Reserve Bank of India (All India Financial Institutions – Credit Risk Management) Second Amendment Directions, 2026

18
May

RBI/2026-27/67 (Delhi)
Reserve Bank of India (Rural Cooperative Banks – Credit Risk Management) Second Amendment Directions, 2026

18
May

RBI/2026-27/68 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Resolution of Stressed Assets) Amendment Directions, 2026

18
May

RBI/2026-27/69 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

18
May

RBI/2026-27/76 (Delhi)
Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – SCBs Repeal Directions, 2026

18
May

RBI/DGBA/2026-27/399 (Delhi)
Reserve Bank of India [Disbursement of Government Pension by Agency Banks (ABs)] Directions, 2026

18
May

RBI/DGBA/2026-27/400 (Delhi)
Reserve Bank of India [Conduct of Government Business by Agency Banks (ABs) – Payment of Agency Commission and Oversight of ABs] Directions, 2026

18
May

RBI/2026-27/77 (Delhi)
Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – RRBs Repeal Directions, 2026

18
May

FEMA 401/2026-RB (Delhi)
Foreign Exchange Management (Authorised Persons) Regulations, 2026

18
May

RBI/2026-27/78 (Delhi)
Issuance of Foreign Exchange Management (Authorised Persons) Regulations, 2026

18
May

RBI/2026-27/79 (Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026

18
May

RBI/2026-27/80 (Delhi)
Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Fourth Amendment Directions, 2026

18
May

RBI/2026-27/82 (Delhi)
Operating framework for facilitating Outward Remittance services by nonbank entities through Authorized Dealer (Category I) banks in India

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INDIAN ECONOMY

US-Iran war impact on India so far: Some important charts

The US-Iran conflict is showing no signs of immediate resolution though both sides have acknowledged that talks continue. As the conflict has continued for weeks, pressure on the Strait of Hormuz a critical shipping corridor has persisted affecting energy movement and supply chains worldwide. With supply c...

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RBI steps up dollar sales to $53 billion to defend rupee in FY26

RBI stepped up dollar sales in FY26 to manage exchange rate volatility. The central bank recorded a total net sale of $53.1 billion over the course of the fiscal year an increase of $12 billion compared to net sales of $41.1 billion in FY25. Despite temporary periods of dollar accumulation, the central bank ...

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India in better position to manage retail inflation, RBI must hold rates: ASSOCHAM

India is better placed to manage retail inflation among the top 10 economies, according to an analysis by industry lobby ASSOCHAM unveiled on Friday, amidst the ongoing disruptions caused by the West Asia conflict. It further suggested the RBI to maintain the status quo on the repo rate, while introducing ...

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CNG prices hiked for third time in 10 days, gets costlier by Rs 1 per kg

Compressed Natural Gas (CNG) prices have reportedly been increased by Rs 1 in Delhi, marking the third hike in just 10 days. The latest revision was announced by Indraprastha Gas Limited (IGL) shortly after petrol and diesel prices were also raised by nearly Rs 1 earlier in the day. Following the latest re...

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RBI transfers record Rs 2.87 lakh crore to Centre

The Reserve Bank of India (RBI) on Friday announced a record surplus transfer of Rs 2.87 lakh crore to the Centre for the accounting year 2025-26, marking a 6.7% increase over the previous year. The latest dividend payout was largely in line with the government’s Budget Estimates, but fell slightly short of a...

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Financial conditions, oil prices remain key concerns for economy: RBI Bulletin

The financial conditions, crude oil prices, and capital flows continue to pose challenges to the external sector outlook amid the West Asia conflict, Reserve Bank Bulletin said on Friday.The global economy continued to be shadowed by uncertainties in West Asia, said an article on the state of the economy publ...

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Artificial support for rupee could weaken economy: Montek Singh Ahluwalia

Former Deputy Chairman of the Planning Commission of India Montek Singh Ahluwalia on Friday endorsed a policy of allowing the rupee to depreciate against the dollar in line with the market conditions, cautioning that attempts to artificially keep the currency up could weaken the economy further. He also ca...

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MARKET & FINANCE

Forex spends by Indians drop 2% to $29 billion in FY26

Total outward remittances under the Liberalised Remittance Scheme (LRS) witnessed a contraction in FY26, dropping about 2% to $29 billion from the $29.6 billion recorded in FY25. This downward trajectory highlights that visa restrictions are impacting overseas education spending, which plummeted 20.9% from $...

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India’s forex reserves fall by $8.09 bn to $688.89 bn as of May 15

India’s foreign exchange reserves fell by $8.09 billion to $688.89 billion in the week ended May 15, according to data released by the Reserve Bank of India (RBI) on Friday. Foreign currency assets (FCAs), the largest component of the reserves, declined by $6.48 billion to $545.90 billion during the week. ...

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GLOBAL CORPORATE

Logistics Giants Urge EU to Phase in Low-Value Package Duty Rules

DHL, FedEx and UPS urged European Union finance ministers to phase in new duty rules on low-value packages on Friday, warning of supply chain bottlenecks and an impact on the availability of some medical supplies. The rules are part of efforts to crack down on cheap Chinese e-commerce imports such as from ...

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Argentina to Gradually Eliminate Taxes on Some Industrial Exports

Argentina will gradually lower its export taxes for certain industrial sectors to zero in the 12 months starting this July, the economy ministry said on Friday. Taxes on automotive, petrochemical, chemical, rubber and machinery exports, now at 4.5%, will be reduced by 0.375 percentage points each month, th...

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INCOME TAX

New PAN norms 2026: Where quoting is relaxed and where it’s now mandatory

The new Income Tax Act, 2025 and Income Tax Rules, 2026 have introduced significant changes relating to PAN quoting, PAN usage and Form 60 (now re-engineered as Form 97). With these new regulations, the requirement to quote PAN for specific transactions has either been eliminated or made less strict....

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GLOBAL ECONOMY

German Ifo Business Sentiment Unexpectedly Rises but Outlook Stays Weak

German business morale unexpectedly improved in May, a survey showed on Friday, but economists warn that the outlook for Europe's biggest economy remains fragile despite separate data confirming first-quarter growth of 0.3%. Th...

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JPMorgan Sees Turkey Central Bank Lift Interest Rates to 40% Imminently

Investment bank JPMorgan said on Friday that Turkey's central bank was likely to hike its key interest rate to 40% and could even do so before its next planned meeting in June following the latest bout of politically-driven market...

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Canada March Retail Sales Grow 0.9%; Seen up 0.6% in April

Canada's retail sales in March grew by 0.9%, beating expectations, to C$72.67 billion ($52.64 billion) primarily led by sales at gasoline stations and fuel vendors, as higher prices of gasoline at pumps due to the Iran war booste...

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Portugal Says Budget Balance 'Extremely Difficult' After Huge Storm Costs

Portugal will find it extremely difficult to achieve a balanced budget this year after storms in January and February cost the state €2 billion ($2.3 billion), or about 0.6% of GDP, Economy Minister Manuel Castro Almeida said on F...

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Mexico Economy Shrinks in First Quarter, but Beats Bleakest Forecasts

Mexico's economy shrank 0.6% in the first quarter from the previous three-month period, data from the national statistics agency INEGI showed on Friday, compared with a 0.8% decline expected by economists in a Reuters poll. Lat...

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Angst Over Rising Cost of Living Pushes US Consumer Sentiment to Record Low

U.S. consumer sentiment fell to a record low in May as surging gasoline prices linked to the Iran war intensified affordability concerns, highlighting broader dissatisfaction with President Donald Trump’s handling of the economy. ...

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ECB Rebuffs Proposals to Boost Euro Stablecoins as Too Risky

The European Central Bank warned European Union finance ministers on Friday that proposals to issue more euro stablecoins could reduce bank lending and make controlling interest rates harder, three sources told Reuters. Brussel...

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Brazil Blocks More Spending, Widens 2026 Deficit View

Brazil's government announced on Friday a fresh 22.1 billion reais ($4.40 billion) spending block to comply with an expenditure growth cap in its fiscal framework, adding to a 1.6 billion reais restraint unveiled two months ago. ...

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China-India led AIIB launches $10-billion facility for countries hit by West Asia crisis

The Asian Infrastructure Investment Bank (AIIB) recently launched a $10-billion financing facility to support its 111 member countries and clients affected by the economic fallout of the West Asia conflict. Notably AIIB’s late...

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INDIAN CORPORATE

Bernstein says Adani Group emerged stronger after short-seller episode and US developments

Global brokerage firm Bernstein has said the AdGroup has emerged stronger after facing the short-seller episode in 2023 and later developments linked to the US Securities and Exchange Commission (SEC) and Department of Justice (DO...

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Sun Pharma Q4 profit rises 26% to Rs 2,714 crore, revenue grows 13%, dividend announced

Indian pharmaceutical major Sun Pharmaceuticals posted 26% YoY profit growth in the March quarter. The Dilip Sanghvi-led company reported a consolidated net profit of Rs 2,714 crore in Q4 FY26. Its net profit in Q4 FY25 was at Rs ...

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LG targets double-digit growth despite Iran war-led inflation

LG Electronics India is targeting double-digit revenue growth and double-digit EBITDA margins in FY27 despite rising commodity prices, currency volatility and concerns over slowing consumer demand amid geopolitical tensions linked...

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Hindalco Q4 PAT down 51%; misses estimates

Hindalco Industries Limited reported an annual decline of 50.8% in net profit for the fiscal fourth quarter at Rs 2,597 crore as compared to Rs 5,283 crore at the end of Q4FY25, lagging Bloomberg estimates of Rs 4,491 crore. Th...

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Eicher Motors Q4 profit hits record Rs 1,520 crore

Eicher Motors posted its highest-ever consolidated net profit of Rs 1,520 crore in the fourth quarter of FY26, up 12% from Rs 1,362 crore in the corresponding period last year, driven by record motorcycle sales at Royal Enfield an...

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Tata Sons listing: Trust is not a balance sheet

NA Soonawala is a towering figure in the Tata universe, and his affection for the group’s values is beyond question. But affection, however genuine, is not a governance framework. His article in the Times of India on May 21, while...

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COMMERCIAL LAW

Net FDI inflows rise to $7.7 billion in FY26 from $1 billion in FY25

Foreign direct investment (FDI) inflows rose in both gross and net terms in FY26 compared to the previous year, the Reserve Bank of India’s (RBI) May 2006 bulletin showed, allaying apprehensions over the relative stagnation of cap...

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