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Fake Rs 500 notes surge 20% as counterfeits rise across banking system
Fake currency detection in India increased in 2025-26. The Rs 500 note became the primary target for counterfeiters, showing a significant rise in fake detections. This trend contrasts with the decline in fake Rs 2,000 notes. Detection at commercial banks improved, indicating stronger frontline capabilities. The RBI is enhancing security features on banknotes.
The Department of Financial Services is holding a major meeting with Public Sector Banks today. The focus is on strengthening digital banking and combating cyber fraud. Bank leaders will discuss financial health, bad loans, and recovery efforts. The meeting will also cover credit to farmers and small businesses. A new DFS website will be launched to improve public access.
Reserve Bank's FY26 income gets Rs 1.69 lakh crore forex boost
The Reserve Bank of India saw a significant 52% surge in foreign exchange transaction gains, reaching 1.69 trillion rupees for the fiscal year ending March. This increase stems from selling dollars to protect the rupee. The central bank also reported substantial earnings from its investments in foreign securities. A record 2.87 trillion rupees will be transferred to the federal government.
RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya Banerjee
The Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance sheet at a time when rising global energy prices and prolonged geopolitical tensions are putting pressure on India's fiscal position, according to Anindya Banerjee, Head of Commodities and Currency Research at Kotak Securities.
Andhra Pradesh, Sidbi to set up 'angel fund' for startups
Andhra Pradesh is launching an angel fund to support deep-tech startups. This initiative, in partnership with Sidbi and through the Ratan Tata Innovation Hub, will provide capital and resources. The fund targets emerging technologies like AI, electronics, and quantum technologies. This move aims to foster innovation and global scaling for startups in key sectors aligned with the state's economic vision.
RBI greenlights record surplus transfer of Rs 2.86 lakh crore
The Reserve Bank of India's central board approved a record Rs 2.86 lakh crore surplus transfer to the government for FY26. This significant boost to non-tax revenues aligns with expectations. The RBI's balance sheet expanded, and net income rose, supported by increased gross income.
RBI declares record Rs 2.87 lakh crore dividend to cushion war shock
The Reserve Bank of India announced a record surplus transfer to the government for FY26, though it falls short of budget estimates. This significant payout, driven by foreign exchange gains and investment income, provides a crucial fiscal buffer amidst rising energy prices and economic pressures.
India considering several measures to stop CAD from widening further, says Piyush Goyal
India CAD: India is watching the fluctuations in the global economy as policymakers deliberate on strategies to address the growing current account deficit, Piyush Goyal said. With the rupee under pressure amid uncertain global trade dynamics, the latest figures show a worrying trend for the December quarter; Nonetheless, the fiscal year's total deficit remains manageable, the minister added.
India’s rising oil imports push trade deficit into risky territory: Crisil
India’s oil trade deficit is expected to widen significantly in FY27 due to rising crude oil prices and weakening petroleum exports, according to a report by Crisil. The report warned that India’s heavy dependence on imported crude could put added pressure on the country’s external finances, with the current account deficit also projected to rise as oil-related trade pressures intensify.
RBI likely to pay a big dividend to Centre
Economists estimate the surplus transfer-often referred to as the central bank's dividend to the government-in the range of Rs 2.7 lakh crore to Rs 3 lakh crore. In the FY27 Union Budget, the government has estimated Rs 3.16 lakh crore in dividends from state-owned companies and surplus transfers from the central bank. Last year, the RBI transferred Rs 2.68 lakh crore, 27% higher than the previous year.
Credit card transactions jump 2.6 times in four years: RBI report
Credit card transactions in India saw a significant jump between 2021 and 2025. Private banks expanded their dominance in this segment. Debit card usage, however, decreased as consumers embraced digital payment methods like UPI and digital wallets. This shift highlights the rapid digitisation of India's payment ecosystem.
SBI Report: No direct impact of oil price hike on India's fiscal situation
Fuel prices have risen by Rs 3 per litre. This move aims to reduce losses for oil companies. SBI's research report Ecowrap suggests that the impact on consumer inflation will be temporary. Annual fuel consumption is expected to remain stable. The government's fiscal situation is not directly affected by this price adjustment. State governments may see revenue changes if excise duties are altered.
ET Graphics: BoP stability tested by outflows & Rupee fall
India's external accounts are under strain. The current account deficit is widening, and capital may flow out. The rupee has weakened significantly. Policymakers are considering various measures beyond interest rate hikes to stabilize the currency. These include incentives for foreign deposits and liberalizing capital inflows. State-owned banks may also issue foreign currency bonds.
RBI tightens scrutiny of overseas investments as outflows surge to $27 billion in FY26
Regulators are examining overseas investments by Indian companies. The Reserve Bank of India is seeking details on the purpose and structure of these foreign ventures. This scrutiny follows a significant increase in overseas direct investment outflows. Companies must demonstrate genuine business intent for these investments. The RBI aims to ensure funds are used appropriately and profits are repatriated.
RBI likely to pay record dividend to govt this year
The Reserve Bank of India is set to transfer its highest-ever dividend to the central government. This substantial payout will offer the Centre a crucial fiscal cushion. The RBI's board will decide the dividend amount this month. This move comes as public sector banks also reported record profits, boosting government revenue expectations.