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Ramesh Chand Panel On 2nd January 2025, the government decided to constitute an 18-member panel chaired by NITI Aayog member Ramesh Chand. The panel has been set up to revise the base year of the Wholesale Price Index (WPI) and suggest a roadmap for transition to the Producer Price Index (PPI). Key Mandates of the Panel Mandate Details Base Year Revision Update the WPI base year from 2011-12 to 2022-23. Commodity Basket Develop a revised commodity basket for both WPI and PPI to reflect structural changes in the economy. Methodology Recommend computational methodology for WPI and PPI. Price Collection System…
15 May, 2026
Reserve Bank of India (RBI)
Shri Radha Shyam Ratho Committee On 25th June 2025, the Working Group chaired by Shri Radha Shyam Ratho submitted its report to the Reserve Bank of India (RBI). The Working Group was constituted in February 2025 to undertake a comprehensive review of trading and settlement timings of financial markets regulated by the RBI. Objective of the Working Group Area Details Main Objective To review and recommend reforms in trading and settlement timings of RBI-regulated financial markets for better market development, liquidity optimization, and price discovery. Key Recommendations Segment Recommendation Call Money Market Market timings extended to 7:00 PM from 1…
13 May, 2026
Reserve Bank of India (RBI)
Monetary Management and Financial Sector India’s banking sector is currently witnessing its best financial health in a decade, supported by the “Twin Balance Sheet Advantage”. Improvements in asset quality, capital adequacy and financial sector reforms have strengthened overall monetary and banking stability. Aspect Details Banking Health The banking sector is experiencing its strongest position in a decade under the “Twin Balance Sheet Advantage”. Gross NPA Gross Non-Performing Assets declined to a multi-decadal low of 2.2% as of September 2025. CRAR Capital to Risk-Weighted Assets Ratio remained strong at 17.2%. Monetary Policy The policy repo rate has been reduced cumulatively by…
20 April, 2026
Reserve Bank of India (RBI)
Prices and Inflation India has recorded one of the sharpest declines in headline inflation among major emerging market economies. The moderation in inflation has been supported mainly by sharp disinflation in food prices and softer retail price pressures. Indicator Details Headline CPI Headline CPI inflation declined to 1.7% in FY26 (April–December) due to sharp disinflation in food prices. Core Inflation Core inflation appeared sticky at 4.6%, but this was largely due to a spike in gold and silver prices. Adjusted Core Inflation Excluding gold and silver, core inflation remained soft at 2.3%. CPI Exclusion CPI exclusion remained consistently lower than…
20 April, 2026
Reserve Bank of India (RBI)
RBI Guidelines on Digital Banking Channels On 28th November 2025, the Reserve Bank of India (RBI) released the Master Directions titled ‘Digital Banking Channels Authorisation’. The Directions came into effect on 1st January 2026 and aim to standardise and regulate India’s expanding digital banking ecosystem. Aspect Details Applicability The Directions apply to commercial banks, including the State Bank of India, but exclude Small Finance Banks, Payments Banks, and Local Area Banks. Explicit Consent Banks must obtain clear and explicit customer consent before activating any digital banking services. Non-Mandatory Adoption Customers are not required to adopt digital banking channels to access…
18 April, 2026
Reserve Bank of India (RBI)
RBI Draft Revised Guidelines for Lead Bank Scheme (LBS) On 13 February 2026, the Reserve Bank of India (RBI) issued draft revised guidelines for the Lead Bank Scheme (LBS) and invited public comments. The revision aims to strengthen district-level banking coordination and improve credit planning, financial inclusion, and monitoring mechanisms. Aspect Details Lead Bank Scheme The Lead Bank Scheme is a framework for district-level banking coordination, credit planning and development-linked banking outreach. Launch The scheme was introduced by the Reserve Bank of India in December 1969. Area Approach Under the Area Approach, each district is assigned a Lead Bank to…
18 April, 2026
Reserve Bank of India (RBI)
Standing Deposit Facility On 9th April 2025, RBI Governor Sanjay Malhotra expressed concern that banks were increasingly parking surplus funds in the Standing Deposit Facility (SDF) instead of lending them in the market. The SDF is an important liquidity management tool used by the Reserve Bank of India (RBI) under the Liquidity Adjustment Facility (LAF). Aspect Details What is SDF? The Standing Deposit Facility (SDF) is a liquidity management tool under the Liquidity Adjustment Facility (LAF) that allows banks to park surplus funds with the RBI. Collateral-Free Mechanism Under the SDF, banks can deposit money with the RBI without providing…
18 April, 2026
Reserve Bank of India (RBI)
RBI Introduces STRIPS in State Government Securities On 12th June 2025, the Reserve Bank of India (RBI) formally introduced the facility of stripping and reconstitution in the State Government Securities (SGS) market. The move aims to deepen the bond market, improve liquidity, and expand investment options for institutions requiring predictable cash flows. Aspect Details What are STRIPS? STRIPS involve splitting a standard coupon-bearing government security into separate tradable components consisting of each interest payment and the principal repayment. Tradable Components Each separated component is traded independently in the market as a zero-coupon security. Example A 10-year State Government bond with…
18 April, 2026
Reserve Bank of India (RBI)
RBI Approves Risk-Based Deposit Insurance Framework for Banks On 19th December 2025, the Reserve Bank of India (RBI) approved a risk-based deposit insurance framework for banks at its 620th board meeting. The reform aims to incentivise prudent banking behaviour and reduce moral hazard by rewarding well-managed financial institutions. Aspect Details Deposit Insurance Deposit insurance protects bank depositors against the risk of losing their deposits if a bank faces failure or severe financial stress. Administering Body Deposit insurance is administered by the Deposit Insurance and Credit Guarantee Corporation (DICGC), a wholly owned subsidiary of the RBI. Earlier Flat Premium Earlier, banks…
18 April, 2026
Reserve Bank of India (RBI)
Reserve Bank - Integrated Ombudsman Scheme, 2026 On 16th January 2026, the Reserve Bank of India (RBI) issued the revised Reserve Bank - Integrated Ombudsman Scheme (RB-IOS), 2026. The scheme provides a cost-effective, expeditious, and non-adversarial grievance redress mechanism for complaints against regulated financial entities. Aspect Details Purpose of Scheme RB-IOS provides an alternative grievance redress mechanism for resolving complaints against Regulated Entities in a quick and consumer-friendly manner. Effective Date The revised scheme will come into force from 1st July 2026. RBI Ombudsman RBI may appoint one or more officers as RBI Ombudsman and RBI Deputy Ombudsman, generally for…
18 April, 2026
Reserve Bank of India (RBI)
CBDC-based Digital Food Coupon On 14th February 2026, the Union Government launched a Central Bank Digital Currency (CBDC)-based Digital Food Currency pilot in Gujarat. The initiative has been launched in collaboration with the Reserve Bank of India (RBI) and the Gujarat government under the Public Distribution System (PDS). Aspect Details Digital Food Coupon Under the CBDC framework, food coupons can be issued through the RBI and credited directly to beneficiaries as programmable digital tokens. Redemption Process Beneficiaries can redeem their entitled quantity of food grains at Fair Price Shops (FPS) using a CBDC coupon or voucher code. Central Bank Digital…
18 April, 2026
Reserve Bank of India (RBI)
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