RBI

The MPC voted unanimously to hold on June 5, cut its growth forecast and raised its inflation call, leaving the next move genuinely ambiguous

An ordinance removing withholding and capital-gains taxes on government securities retroactively from April 2025 triggered the biggest monthly FPI bond surge since index inclusion

India's currency has depreciated 10% in twelve months; the central bank is defending with reserves, a swap line and subsidised hedging for inbound deposits

The first full year on a new 2022-23 base year shows the fastest-growing major economy, even as a rare rise in unemployment and an implausibly low deflator fuel a credibility debate

India's instant-payment rail has surpassed Visa in daily volume and is now operational in eight-plus countries, with multilateral cross-border links accelerating in 2026

PAR >180 days hit 17.11% by March 2026, portfolio shrank 10% and disbursements fell 21%; Crisil kept a negative outlook even as the worst-case scenario was avoided

The retail digital rupee pilot has grown but remains a rounding error against UPI; the wholesale track is where the RBI sees strategic value

JPMorgan and Bloomberg EM phases closed; a third benchmark waits on settlement and tax reforms India is now racing to deliver

The RBI's December 2025 Financial Stability Report marks a clean bill of health, with SBI, ICICI and HDFC posting record profits; stress is now concentrated in microfinance and unsecured MSME lending