The RBI said the proposed framework follows the Supreme Court's 4th August 2026 order directing it to prescribe and circulate a standard operating procedure (SOP) for temporary debit holds involving amounts or accounts linked to money-mule activity and cyber-enabled fraud.
The RBI is launching trials for polymer ₹10 and ₹20 notes to improve durability and security. While more expensive initially, these plastic banknotes last longer, reduce replacement costs, and will circulate alongside existing paper currency.
“The Indian [currency] rupee is “not overvalued” and could even be considered undervalued in both nominal and real effective exchange rate terms,” the RBI Governor said.
The Reserve Bank of India (RBI) today firmly denied media reports suggesting it had sold gold reserves, stating that its physical gold holdings remain...
The RBI further said that the management’s conduct was “prejudicial to the interest of the depositors,” which is a serious concern for any financial institution.
The Enforcement Directorate (ED) on 19th December, 2025, announced the termination of Foreign Exchange Management Act (FEMA) violation proceedings against Nearbuy India Private Limited,...