RBI curbs widen dollar-rupee forwards-NDF spread

April 3, 2026

The Reserve Bank of India has banned banks from offering or rebooking rupee non-deliverable forward contracts. This move widens the gap between domestic and overseas currency markets. Banks are now selling dollars locally and buying them abroad. This action aims to curb speculative trading and support the Indian rupee against the US dollar.

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ICICI Bank raises $17.9 billion through FCNR(B) window, boosts lending liquidity

ICICI Bank secured approximately $17.88 billion via the RBI’s special swap facility. This mobilization provides the bank with substantial foreign-currency funding for loans. Loans extended

September 3, 2026

‘Revolver’ misfire hits credit card issuers: India’s credit card boom sees lower bank profits

Credit card profits are shrinking for Indian banks as spending rises. Customers now use cards more for payments than borrowing, reducing interest income. Interest-bearing balances

September 3, 2026

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