When Functional Regulation Meets Formidable Institutions

What follows when a regulator's own demonstrated philosophy and a holding company’s own demonstrated history are placed side by side.

Chandrika Soyantar

July 27, 2026 at 8:30 AM IST

istock.com

OIS Curve Prices in Rate Hike by December on Persistent West Asia Worries

Srijita Bose

Nandinee Keluskar

July 24, 2026 at 8:25 AM IST

Market Wrap: Equities Fell for Fourth-Session, Gsec Yield Rise as Oil Prices Surge

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them

Tresha Dias

July 23, 2026 at 12:56 PM IST

Amey Bane/iStockphoto.com

India’s MSMEs Need Ecosystems, Not Just Incentives

India’s 63 million MSMEs could become key engines for jobs and exports—if policy shifts from isolated firms to specialised industrial ecosystems.

Nilanjan Banik

July 23, 2026 at 5:41 AM IST

iStock.com/triloks

Tata Capital Buys Kerala Gold Lender as Household Leverage Climbs

Gold loans now rival mortgages in India’s retail credit. Tata Capital’s Yogakshemam deal shows how NBFCs are repositioning for yield under tighter RBI rules.

Krishnadevan V

July 20, 2026 at 7:38 AM IST

istock.com

RBI’s Technology Maker-Checker Conundrum

Beyond the remediated BANK.IN security episode lies a larger governance challenge as AI rewrites the economics of institutional assurance.

Srinath Sridharan

Anand Venkatanarayanan

July 20, 2026 at 5:12 AM IST

Malhotra says RBI Looks Beyond Headline CPI in Policy Decisions – DD News

BasisPoint Insight

July 17, 2026 at 8:30 AM IST

Trimmed Mean Inflation: Cutting Through the Noise—or Trimming Reality?

Trimmed mean inflation can cut through volatile price swings and sharpen the policy signal. But it also risks becoming a convenient metric that bears little resemblance to the inflation households actually feel.

Deepa Vasudevan

July 17, 2026 at 3:26 AM IST

istock.com

Barclays Sees FCNR(B) Inflows Falling Short of Lofty Expectations, Flags Renewed Rupee Risks

BasisPoint Insight

July 16, 2026 at 7:35 AM IST

India’s Bond Rally Gives Way to a Wider Market Test

Dollar funding, oil and foreign inflows will shape not only sovereign yields but also the rupee, bank liquidity and corporate borrowing costs.

Yield Scribe

July 16, 2026 at 7:08 AM IST

istock.com

India June WPI Inflation Rises to 9.87%; Food, Core Stay Hot

BasisPoint Insight

July 14, 2026 at 8:19 AM IST

RBI Built a Dollar Bridge, Banks Are Turning It into a Toll Road

RBI has subsidised the FCNR(B) currency hedge, but costly dollar leverage and bank friction may blunt the scheme’s promised dollar-inflow surge.

V Thiagarajan

July 14, 2026 at 7:03 AM IST

Istock.com

India Cannot Become Developed On Bank Credit Alone

No major economy has achieved developed-nation status by relying predominantly on banks. India must now build corporate debt markets worthy of its ambitions.

Srinath Sridharan

July 13, 2026 at 6:56 AM IST

IStock.com

Mind the New Numbers

India is changing how it measures growth and prices. Bond and currency markets should pay attention

BasisPoint Groupthink

July 13, 2026 at 6:44 AM IST

istock.com

Meta Doesn’t Need CRED’s Loan Book. It Wants the Borrower Signal

Meta’s reported CRED investment keeps it away from Indian lending risk. That may be the clever part. The real prize is proximity to India’s cleanest credit behaviour.

Krishnadevan V

July 8, 2026 at 6:36 AM IST

From Form to Function

How the world’s central banks quietly redrew prudential regulation by focusing on risk rather than corporate structure.

Chandrika Soyantar

July 7, 2026 at 4:20 AM IST

Istock.com

Why are Central Banks Taking Guard Again?

Inflation is not roaring, but it is stirring again—and for rate-setters, the lesson from 2022 is stark: act early, or risk being forced into harsher tightening later with credibility on the line.

Michael Debabrata Patra

July 1, 2026 at 3:32 AM IST

US Fed

Dark Patterns, Customer Trust and the Future of Conduct Regulation

RBI's latest conduct rules now move beyond disclosure to target dark patterns that erode customer choice, trust and market discipline in finance.

Anupam Sonal

June 30, 2026 at 4:18 AM IST

What the RBI’s Annual Report Reveals Beyond the Record Surplus

The RBI’s record surplus transfer grabbed headlines, but a careful reading of its Accounts in conjunction with the rest of its Annual Report reveals deeper shifts in income, risk provisioning, and balance-sheet management.

Michael Debabrata Patra

June 29, 2026 at 3:46 AM IST

RBI’s Capital Flows Strategy Faces Risks in a Rising Rate World

By relying on capital inflows and intervention instead of rate hikes, the RBI may be postponing inflation and currency pressures rather than resolving them.

Smita Roy Trivedi

Abhiman Das

June 23, 2026 at 5:58 AM IST

iStock.com

Why RBI must move from Prudential Oversight to Stewardship

As finance becomes more digital and interconnected, RBI's next challenge is not compliance but building a system-wide model of regulatory stewardship.

Anupam Sonal

June 22, 2026 at 6:23 AM IST

istock.com

Weak Monsoon Threat Raises Prospect of Wider Policy Intervention

A deficient monsoon poses risks to kharif output and food inflation, potentially requiring policymakers to deploy a mix of trade, fiscal, administrative and monetary measures.

G. Chandrashekhar

June 19, 2026 at 9:39 AM IST

Istock.com

When the Strongest Move Is Not to Move

As inflation risks collide with softer growth, the RBI's hold reflects a harder test of monetary policy: knowing when not to overreact.

Sparsh Chhabra

June 18, 2026 at 11:16 AM IST

India Should Discourage Excessive Investments in Equities

As money pours into equities, foreign investors cash out at lofty valuations, raising pressure on the rupee and creating wider economic risks.

Vivek Kaul

June 18, 2026 at 7:11 AM IST

istock.com

From Prudential Sufficiency to System Stewardship

Basel III made banks safer, but today's risks lie across markets, technology and networks. Regulators are shifting towards system stewardship.

Anupam Sonal

June 18, 2026 at 6:30 AM IST

istock.com

Credit Surge Tests Banks’ Liquidity Defences and ALM Discipline

Rapid credit expansion is outpacing deposit growth, forcing banks to rethink liquidity management and build more durable ALM strategies.

K. Srinivasa Rao

June 17, 2026 at 4:15 AM IST

iStock.com

State Bonds Start Pricing Fiscal Discipline

As states rely more on markets, investors are beginning to reward stronger balance sheets and penalise fiscal slippage.

Sujit Kumar*

June 15, 2026 at 9:53 AM IST

IStock.com

RBI Can Cushion the Rupee, But West Asia Still Holds the Trigger

The rupee may avoid a slide towards 100 for now, but RBI measures cannot fully offset oil shocks, war risk and India’s external deficit.

Richard Fargose

June 12, 2026 at 8:18 AM IST

Should India Create More Cooperative Banks, or Better Banks?

As the RBI considers issuing new cooperative bank licences after a 22-year pause, the real question is whether India needs more banks at all or better banks.

Alpana Killawala

June 10, 2026 at 8:10 AM IST

istock.com

Highlights Of India’s BoP For January-March 2025-26

BasisPoint Insight

June 8, 2026 at 1:14 PM IST

Learning to Live with Impossible Trinity

An effort to understand current monetary policy actions as the RBI navigates the impossible trinity of inflation, growth and external stability.

Arvind Chari

June 8, 2026 at 6:54 AM IST

istock.com

Monetary Policy's New Catch-22

With consumer inflation appearing repressed despite mounting price pressures, the RBI's decision to prioritise capital inflows over rate hikes carries growing risks.

Rupa Rege Nitsure

June 8, 2026 at 5:26 AM IST

Istock.com

Monetary Policy

Dollars Now, Rates Later

RBI's June policy separated tools and timing: BoP stress got an immediate response, while inflation must clear a higher threshold before rates move.

Kalyan Ram

June 5, 2026 at 2:23 PM IST

Monetary Policy

RBI’s Capital Inflow Bet Buys Time, Not a Solution

The RBI has chosen capital-account tools over interest rates to tackle external pressures. The strategy may ease near-term stress, but deeper vulnerabilities remain.

Dhananjay Sinha

June 5, 2026 at 10:52 AM IST

Linkedin/PoonamGupta

Monetary Policy

RBI's Dollar Toolkit May Be Too Small for the Problem

The latest measures may attract incremental inflows at the margin. They are unlikely to generate the scale of capital needed to materially ease external-sector pressures.

V Thiagarajan

June 5, 2026 at 8:51 AM IST

istock.com

Monetary Policy

RBI MPC raises India FY27 CPI inflation forecast to 5.1% from 4.6% earlier

The Monetary Policy Committee raised its forecast due to higher crude oil prices. Global supply chain disruptions, commodity price shocks, uncertainty over distribution of southwest monsoon, and El Niño conditions also pose upside risks, it said.

BasisPoint Insight

June 5, 2026 at 6:29 AM IST

istock.com

Monetary Policy

RBI Cuts India’s FY27 GDP Growth Forecast to 6.6% From 6.9% Earlier

BasisPoint Insight

June 5, 2026 at 6:20 AM IST

Monetary Policy

RBI Defends the Framework, Not the Rupee

The RBI chose capital-flow measures over rate action, reinforcing the principle that inflation and growth, not the exchange rate, remain monetary policy's primary mandate.

BasisPoint Groupthink

June 5, 2026 at 6:08 AM IST

istock.com

Monetary Policy

RBI Opens Fresh Routes For Capital Inflows As Rupee Pressure Builds

BasisPoint Insight

June 5, 2026 at 5:42 AM IST

RBI Holds Rates, Keeps Neutral Stance as Inflation Risks Rise

The central bank raised its inflation forecast and lowered its GDP projection as policymakers assessed the impact of higher energy prices, supply-chain disruptions and monsoon-related risks.

BasisPoint Insight

June 5, 2026 at 5:30 AM IST

Istock.com

RBI Holds Rates, Keeps Neutral Stance as Inflation Risks Rise

The Monetary Policy Committee kept the repo rate unchanged at 5.25%, retaining its neutral policy stance.

BasisPoint Insight

June 5, 2026 at 4:44 AM IST

istock.com

Monetary Policy

RBI Should Wait Before it Tightens Policy

West Asia tensions and fuel price pass-through have complicated the inflation outlook, but the RBI may still prefer patience in June.

Indranil Pan

June 3, 2026 at 1:40 PM IST

Istock.com

Monetary Policy

RBI Expected to Hold Rates, Focus Turns to Inflation and the Rupee

The RBI is expected to keep rates unchanged, but rising oil prices, a weak rupee and inflation risks could shift focus towards future policy tightening.

Team BasisPoint

June 3, 2026 at 6:22 AM IST

istock.com

Can Accepted Practices Become Governance Risks?

The alleged practices at HDFC Bank raise larger questions. Can commercially accepted market behaviours evolve into governance risks before institutions are willing to confront them openly?

Srinath Sridharan

May 28, 2026 at 7:19 AM IST

iStock.com

Market Wrap

Benchmarks End Flat as Oil Rebound Caps Gains

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them

Dehuti Jani

May 21, 2026 at 11:38 AM IST

iStock.com

Briefing

Borrowed Dollars Won’t Fix India’s External Pressures

RBI risks confusing reserve accumulation with resilience as quasi-sovereign FX mobilisation threatens to create future liabilities instead of lasting stability.

V Thiagarajan

May 7, 2026 at 12:48 PM IST

Istock.com

Don’t Build Speed Bumps on India’s Digital Expressway

RBI’s proposal on delaying instant payments risks hurting users while missing the real issue: weak KYC and mule accounts. The fix lies in smarter, real-time safeguards.

Rajesh Bansal

May 2, 2026 at 5:00 AM IST

iStock.com

Death by KYC: Spare a Thought for Bankers Too

Our hearts may go out to those who struggle with KYC requirements, but we can’t expect bankers to ignore the rules. However, lessons in situational empathy may be appropriate.

Mint Owl

May 1, 2026 at 7:53 AM IST

iStock.com

Policy Denial Meets OIS Pricing in India’s Inflation Reality

Markets price tightening even as policy resists fuel pass-through. This gap risks unanchored inflation expectations and strains fiscal and FX stability.

Yield Scribe

April 30, 2026 at 8:24 AM IST

RBI Clears Bain Capital’s Joint Control Acquisition in Manappuram Finance

BasisPoint Insight

March 20, 2026 at 9:40 AM IST

Market Wrap

Equities Rebound on Banking Heavyweights, Snap Two-day Slide

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them

Dehuti Jani

February 16, 2026 at 11:43 AM IST

istocks

Interview

Baptism by Fire and Beyond

From Lehman to taper tantrums, D. Subbarao reflects on crisis, credibility and the limits of central banking.

BasisPoint Insight

February 13, 2026 at 6:39 AM IST

RBI Flags Tighter Consumer Protection Push Amid Rising Digital Frauds

BasisPoint Insight

February 6, 2026 at 8:39 AM IST

RBI Signals Proactive Liquidity Management to Support Transmission

BasisPoint Insight

February 6, 2026 at 8:23 AM IST

Services Exports, Remittances Seen Keeping India’s CAD Sustainable in 2025-26: RBI

The RBI expects strong services exports and steady remittance inflows should keep India’s current account deficit sustainable in 2025-26, despite trade pressures and portfolio outflows.

BasisPoint Insight

February 6, 2026 at 6:27 AM IST

Budget 2026

Budget 2026–27: RBI Surplus, PSU financial Dividends Seen Tad Higher

BasisPoint Insight

February 1, 2026 at 11:02 AM IST

Tighter RBI Risk Framework to Boost Indian Banks’ Operating Environment: Fitch

BasisPoint Insight

January 6, 2026 at 7:56 AM IST

India’s 2025 Exports Resilient, but Policy Gaps Remain

India’s exports weathered a turbulent 2025 marked by protectionism and trade disruptions, showing resilience. Delayed policy support and uneven gains from trade agreements, however, leave the sector vulnerable as global uncertainties persist into 2026.

Sharmila Kantha

January 2, 2026 at 7:32 AM IST

Istock.com

Stocks Slip in Thin Year-End Trading as IT and Pharma Sectors Drag

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them

Dehuti Jani

December 24, 2025 at 11:42 AM IST

Market Wrap

Equities End Lower for Fourth Straight Session as Caution Prevails

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them

Dehuti Jani

December 18, 2025 at 11:36 AM IST

iStock.com

Market Wrap

Equities Extend Fed-Led Rebound; Auto Sales Hit Record November High

An end-of-day recap of all that transpired in the Indian markets, highlighting the major price movements and the factors driving them

Dehuti Jani

December 12, 2025 at 12:33 PM IST

Istock.com

Monetary Policy

MPC Gets the Flexible Inflation Targeting Mandate Right

The MPC’s well-timed rate cut showed rare institutional clarity, reaffirming its inflation-targeting mandate and restoring flexibility to policy.

Sujit Kumar*

December 5, 2025 at 1:06 PM IST

Juvaida Khatun/Istock

India’s Unclaimed Assets Reveal a Trillion-Rupee Crisis Demanding Reform

India sits on nearly ₹2 trillion in unclaimed assets that never reach the people they were meant for. A unified, transparent, nomination-led system is now long overdue.

Rajesh Bansal

December 2, 2025 at 6:44 AM IST

Istock.com/vikramraghuvanshi

RBI Clears Reappointment of C.S. Rajan as Kotak Mahindra Bank Chairman Till 2027

BasisPoint Insight

October 27, 2025 at 6:30 AM IST

Regulate Bullion Trade for Transparency

The government should establish a robust mechanism to monitor the source of funds used in gold imports and implement end-to-end regulation of the bullion trade.

G. Chandrashekhar

October 27, 2025 at 4:38 AM IST

iStock.com/rvimages

RBI Clears Neeraj Gambhir’s Appointment as Axis Bank Executive Director

BasisPoint Insight

October 23, 2025 at 6:15 AM IST

Interview

Understanding The Rupee’s Fall With Veteran Regulator Mahalingam

Pent-up pressure due to misjudged tactics is exacerbating the rupee’s correction.

Kalyan Ram

February 21, 2025 at 5:59 AM IST

Saving The Rupee Without Suffocating Growth

RBI must navigate a delicate trade-off between supporting growth and stabilising the rupee amid rising capital outflows. Inflation, global uncertainties, and structural gaps demand a nuanced policy mix.

N. Srinivasa Rao

February 20, 2025 at 3:56 AM IST

istock.com/umesh chandra

Rupee’s Fall A Pent-Up Adjustment, Not A Crisis; 91/$1 A Likely Rest-Stop

RBI kept the rupee stable while others adjusted to the dollar’s strength. Now, as it realigns, the move may seem abrupt, but it was inevitable. This isn’t an anomaly—it’s a measured correction long in the making.

G. Mahalingam

February 19, 2025 at 4:02 AM IST

Interview

The Bureau