No overseas investment if old lapses not fixed: RBI

The RBI is cracking down on corporates with unresolved ODI violations, setting an August 25, 2025 deadline. Companies failing to rectify past lapses face compounding or adjudication before making further foreign financial commitments. This move aims to address non-disclosure of financial details on old ODIs, potentially impacting future overseas deals if compliance isn’t addressed promptly.

RBI’s OMO buys get a strong response amid high prices

Bids offered for this OMO round were worth ₹1.32 lakh crore, against the notified amount of ₹50,000 crore. The Reserve Bank of India (RBI) has scheduled further bond purchases worth ₹75,000 crore for the month of May with an aim to quicken the pace of policy rate transmissions.