RBI Annual Report FY26: Repo Rate Held at 6.5%, Inflation Vigilance Flagged
The RBI's FY2025-26 Annual Report reaffirmed the repo rate at 6.5% and flagged the need for vigilance on the inflation outlook ahead of the June 2026 MPC.
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The RBI's FY2025-26 Annual Report reaffirmed the repo rate at 6.5% and flagged the need for vigilance on the inflation outlook ahead of the June 2026 MPC.
The Reserve Bank of India approved a record dividend payout of โน2.87 lakh crore to the central government for FY 2024-25, providing fiscal breathing space amid global headwinds.
India's rice output is estimated at a record 154.02 million tonnes for the 2025-26 crop year, making it the world's largest producer of rice for the first time, ahead of China.
The Union Cabinet cleared a โน25,530 crore outlay to extend and modernise the SARTHAK-PDS scheme till 2031, benefiting around 80 crore people under the public distribution system.
The Supreme Court upheld the government's retrospective 28% GST levy on online gaming, validating tax demands of nearly โน1.5 lakh crore against around 80 companies.
Jio Financial Services (JFSL) and Germany's Allianz Group announced a joint venture to offer general and health insurance in India, with a separate binding agreement for life insurance also in the works.
Former Chief Economic Adviser Ashok Lahiri is set to become the new NITI Aayog Vice-Chairman, replacing Suman Bery, with Gobardhan Das joining as member.
The RBI cancelled the banking license of Paytm Payments Bank Ltd (PPBL) for persistent regulatory violations, including non-compliance with KYC norms.
The RBI's Monetary Policy Committee kept the benchmark repo rate at 5.25% while maintaining a neutral stance, citing global uncertainties from the ongoing West Asia conflict.
The Supreme Court has asked the Centre and RBI to respond to a petition seeking an audit of banks' lending to real estate developers and a probe into alleged fund misuse.
Andhra Pradesh, in partnership with SIDBI, launched an angel fund through the Ratan Tata Innovation Hub to back deep-tech startups in AI, quantum and electronics.
EPFO is rolling out EPFO 3.0, allowing instant Provident Fund withdrawals through UPI and ATMs, eliminating employer sign-off and processing delays for over 7 crore subscribers.
Coal India's Offer for Sale was oversubscribed 8 times on the first day, with bids worth around โน19,000 crore prompting the government to exercise the greenshoe option.
The Centre plans to divest up to 2% in Life Insurance Corporation, expected to raise around โน10,000 crore, deepening LIC's public shareholding.
India's credit card market has expanded to 119 million active cards, with PSU banks gaining share in spends.
The RBI has directed banks to proactively offer loan relief measures to borrowers affected by natural calamities from July 1, 2026.
The 594-km Ganga Expressway, India's longest expressway, was inaugurated in Uttar Pradesh, featuring a 3.5-km airstrip and 453 underpasses.
PM Modi flagged off two new Amrit Bharat Express trains โ Banaras-Pune and Ayodhya-Mumbai โ taking the total operational Amrit Bharat Express services to 64.
Kenyan runner Sabastian Sawe ran the marathon in 1:59:30 at the London Marathon, becoming the first human to officially break the 2-hour barrier in a race.
Virat Kohli became the first player in IPL history to reach 9,000 runs, achieving the milestone against Delhi Capitals in IPL 2026.
India defeated Australia 5-0 in the Thomas Cup 2026 group stage, showcasing dominance in badminton's premier men's team championship.
IndusInd Bank beat Q4 FY26 profit estimates, with fewer new bad loans emerging โ a significant recovery after the bank's biggest-ever quarterly loss due to derivative misaccounting in the previous year.
RBL Bank reported a 233% surge in Q4 FY26 profit to โน230 crore while L&T Finance posted a 27% jump to โน807 crore, reflecting strong banking sector performance.
SEBI celebrated its 38th foundation day with Chairman Tuhin Kanta Pandey announcing plans to simplify regulations and boost technology-led market oversight.
The 8th Central Pay Commission scheduled meetings with government employee unions and associations from April 28-30, 2026 in New Delhi.
Axis Bank reported a slight dip in Q4 FY26 net profit due to trading losses and increased provisions, though asset quality showed improvement.