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    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
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August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
Show AI Summary
Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
Show AI Summary
Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
Show AI Summary
Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
Show AI Summary
Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
Show AI Summary
Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
Show AI Summary
MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
Show AI Summary
Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
Show AI Summary
Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
Show AI Summary
Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
Show AI Summary
Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
Show AI Summary
International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
Show AI Summary
Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
Show AI Summary
Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
Show AI Summary
AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
Show AI Summary
Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.

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HIGHLIGHTS

January 6, 2026

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New Delhi, Jan 6 (PTI) Following are the top stories at 9 pm: NATION DEL63 INDIAN-EMBASSY-US-LOBBYING (6:25 PM)

Indian embassy took services of lobbying firm to engage with Washington on various issues New Delhi: An American lobbying firm hired by the Indian embassy in Washington has disclosed in a public filing that it helped the mission engage with the Trump administration on a range of issues, including the proposed trade deal and the "media coverage" of Operation Sindoor.

DEL59 PAR-TARIFFS (08:16 PM)

Par panel examines impact of higher US tariffs, meets affected sectors' stakeholders New Delhi: The Parliamentary Standing Committee on Commerce is assessing the impact of enhanced tariffs by the United States on the entry of various Indian products and seeks to understand the challenges faced by various sectors.

DEL46 BIZ-INDIA-RUSSIA-OIL (06:55 PM)

India imported Euro 144 bn worth of Russian oil since Ukraine war New Delhi: India imported about 144 billion euros' worth of crude oil from Russia since the start of the Ukraine war, a European think tank said on Tuesday, estimating the Kremlin's cumulative earnings from global oil sales since February 2022 at around 1 trillion euros.

DEL66 DELHI-2ND LD ALL JNU SLOGANS (09:06 PM)

Controversial slogans raised at JNU against PM, HM; probe launched; BJP condemns incident New Delhi: A protest at JNU sparked a controversy as objectionable slogans targeting Prime Minister Narendra Modi and Union Home Minister Amit Shah were allegedly raised over the denial of bail by the Supreme Court to Umar Khalid and Sharjeel Imam in the 2020 riots conspiracy case, prompting the Delhi Police to launch a probe into the matter.

DEL47 PB-LD BOY-PAK (07:40 PM)

Teen detained in Punjab for sharing information with Pakistani handlers Chandigarh: A 15-year-old boy from Pathankot has been detained for allegedly sharing sensitive information with handlers in Pakistan, police said on Tuesday. The teen belongs to Bari Brahmana area in Jammu and Kashmir close to Pathankot.

DEL51 BIZ-GOVT-GROK-LD OBSCENE CONTENT (07:36 PM)

Grok obscene AI content: Govt gives X time till Jan 7 to submit report New Delhi: The government has given X additional time till January 7 to submit a detailed Action Taken Report after it issued a stern warning to the Elon Musk-led social media platform over indecent and sexually-explicit content being generated through misuse of AI-based services like 'Grok' and other tools.

DEL50 UP-SIR-3RDLD DRAFT ROLL (07:33 PM)

UP SIR draft voter list out: 12.55 crore voters retained, 2.89 crore removed Lucknow: The draft electoral roll for Uttar Pradesh published on Tuesday after the Special Intensive Revision (SIR) excludes 2.89 crore voters but retains 12.55 crore, said Chief Electoral Officer (CEO) Navdeep Rinwa.

DEL31 CBI-LD KARUR (04:29 PM)

CBI summons TVK president Vijay in Karur stampede case New Delhi: The CBI has issued a notice to TVK president Vijay to appear for questioning on January 12 at the agency headquarters here in connection with the Karur stampede case, officials said.

DEL7 CUBA-ENVOY-VENEZUELA (03:06 PM)

US' Venezuela action 'terrorist act', India vital for global balance: Cuban envoy New Delhi: Cuban Ambassador to India Juan Carlos Marsan Aguilera on Monday strongly condemned the US military operation in Venezuela that led to the capture of President Nicolas Maduro and his wife, terming it a "criminal act" and a "terrorist act" that violates the United Nations Charter and international law.

DEL43 SONIA-LD HOSPITAL (06:43 PM) Sonia Gandhi admitted to Delhi's Ganga Ram Hospital; condition stable New Delhi: Congress leader Sonia Gandhi has been admitted to Sir Ganga Ram Hospital here after she suffered respiratory discomfort, sources said on Tuesday.

CAL17 WB-MAMATA-LD SIR (05:38 PM)

EC illegally using mobile apps developed by BJP's IT cell to conduct SIR, alleges Mamata Gangasagar: West Bengal Chief Minister Mamata Banerjee on Tuesday escalated her confrontation with the Election Commission, alleging that the poll panel was illegally using mobile applications developed by the BJP's IT cell to conduct the ongoing SIR of electoral rolls in the state.

CAL4 WB-SIR-SHAMI (12:08 PM)

Mohammed Shami asked to appear for SIR hearing in Kolkata Kolkata: Cricketer Mohammed Shami was asked to appear for the SIR verification hearing in Kolkata, officials said on Tuesday.

CAL23 WB-SIR-2ND LD DEATHS (08:27 PM)

Two men die in Bengal, families cite stress over SIR hearings Kolkata: Two men in West Bengal died on Tuesday, with families alleging that stress over the ongoing Special Intensive Revision (SIR) of electoral rolls contributed to their deaths.

CAL22 AS-HIMANTA (07:51 PM)

Bangladesh situation concerning, Assam may see impact: Himanta Bokakhat: Assam Chief Minister Himanta Biswa Sarma on Tuesday said the ongoing situation in Bangladesh is a matter of concern and the state may witness some impact of it in the coming days.

BOM15 MH-LD KALMADI (04:35 PM)

Suresh Kalmadi, former Union minister and sports administrator, passes away Pune: Congress veteran and former Union minister Suresh Kalmadi, known for a multifaceted career that intertwined politics and sports administration, passed away in Pune early Tuesday following a prolonged illness at the age of 81, family sources said.

BOM10 MH-CIVIC POLLS-BJP-SAVARKAR (02:52 PM)

BJP leader's 'respect Savarkar' remark roils ally NCP; 'We are committed to Ambedkarite ideology' Mumbai: Maharashtra minister Ashish Shelar on Tuesday suggested that the BJP expects its allies to respect Hindutva ideologue Vinayak Damodar Savarkar, triggering a sharp reaction from the NCP, led by Deputy Chief Minister Ajit Pawar, which underlined its commitment to Ambedkarite ideology.

MDS19 TN-CONG-LD ALLIANCE (08:10 PM)

TNCC firm on its alliance with DMK: TN Cong chief Chennai, Jan 6 (PTI) The Congress is firm on its alliance with the DMK, and it would talk in a dignified manner and get the number of seats it requires to contest in the forthcoming Assembly polls, TNCC President K Selvaperuthagai said on Tuesday.

MDS14 AP-GAS LEAK-LD BLAZE (06:29 PM)

Comprehensive blowout control plan finalised for Andhra gas well blaze Mori: ONGC senior management has assumed operational control of the yet to be extinguished gas well blaze here in Dr BR Ambedkar Konaseema district and finalised a comprehensive blowout control plan on Tuesday.

LEGAL LGD 26 SC-LD AIR POLLUTION (6:08PM)

Observing that the central pollution watchdog is "failing in its duty", the Supreme Court on Tuesday rapped the authority for seeking a two-month adjournment on the issue of temporary closure or relocation of toll plazas at Delhi borders to ease traffic congestion.

LGD 25 SC-POLLUTION-CAR (5:54PM)

A Car has become a status symbol, and people are saving money to buy four-wheelers after stopping using bicycles, Chief Justice of India Surya Kant said on Tuesday.

LGC1 OD-RAPE-DEATH SENTENCE (04:27 PM)

Odisha court pronounces death sentence in minor's rape-murder case Bhubaneswar: A POCSO court in Odisha’s Bargarh district on Tuesday sentenced a youth to death for the rape and murder of a six-year-old girl around 14 months ago.

LGD16 DL-HC-MINOR-SEXUAL ASSAULT (03:16)

Making small child touch private parts aggravated sexual assault: Delhi HC New Delhi: Making a small child touch one's private parts with sexual intent is aggravated sexual assault under the Protection of Children from Sexual Offences (POCSO) Act, the Delhi High Court has held.

LGD11 SC-STRAY DOGS (02:39 PM)

Stray dogs matter: So many applications don't even come in cases of humans, says SC New Delhi, Jan 6 (PTI) The Supreme Court on Tuesday took note of the number of interlocutory applications being filed before it in the stray dogs case and said that so many applications normally don't come even in cases of humans.

LGD23 DL-COURT-SONIA (04:53 PM)

Court grants more time to Sonia Gandhi to file response on plea over inclusion of her name in electoral roll New Delhi: A Delhi court on Tuesday granted time till February 7 to Congress leader Sonia Gandhi to file her reply on a plea challenging a magistrate's order refusing to probe the allegation that she was included in the electoral rolls three years before acquiring Indian citizenship in 1983.

LGM6 TN-HC-3RD LD KARTHIGAI DEEPAM (03:33 PM)

Madras HC upholds single judge ruling allowing lighting of deepam on Thirupparankundram hill Madurai: The Madras High Court's Madurai Bench on Tuesday upheld a single judge's order allowing the lighting of a lamp on the Thirupparankundram hill here, and slammed the DMK government, calling "ridiculous" its claim that lighting of the lamp will cause disturbance to public peace.

LGD28 DL-HC-WARNER BROS-PIRACY (06:46 PM)

Delhi HC has restrained several websites from illegally broadcasting popular films and shows like "Friends", "Stranger Things", "Squid Game" and "Wonder Woman", and ordered that they be blocked.

FOREIGN FGN23 BANGLA-POLLS-JAMAAT (04:34 PM)

Conditions for free polls not yet in place in Bangladesh, says Jamaat; alleges official bias Dhaka/New Delhi: Bangladesh's largest Islamist party has said that the environment for holding a free and fair election in the country is yet to be established, as it accused a section of the interim government of favouring a "particular political party".

FGN41 BANGLA-HADI-LD CHARGESHEET (07:09 PM)

Hadi killed due to political vendetta, chargesheet names 17: Bangladesh police Dhaka/New Delhi: Student leader Sharif Osman Hadi was killed due to "political vengeance" at the behest of the Awami League, Bangladesh police said on Tuesday as it pressed formal charges against 17 people in connection with the murder.

FGN20 BANGLA-HADI (02:13 PM)

Activists march for justice in Hadi killing, demand work permit ban for Indians in Bangladesh Dhaka: Slain student leader Sharif Osman Hadi's party on Tuesday launched a day-long rally in Dhaka, pressing for justice in his killing, and demanding, among other measures, the cancellation of work permits of all Indians residing in Bangladesh.

FGN19 BANGLA-LD HINDU (01:52 PM)

Another Hindu businessman killed in Bangladesh Dhaka: A 40-year-old Hindu man, owner of a grocery shop, has been murdered after unidentified attackers struck him with a sharp weapon in Bangladesh's Narsingdi city, according to a local media report.

FES16 PAK-CHURCH (04:04 PM)

Church ransacked in Pakistan's Punjab province, suspect arrested Lahore: A church has been attacked by a group of Muslim men who ransacked it and desecrated the Bible in Punjab province of Pakistan, police said on Tuesday.

FGN43 NZ-INDIA-LUXON (07:22 PM)

FTA with India to boost exports and open doors for farmers, businesses: NZ PM Wellington: New Zealand Prime Minister Christopher Luxon has said that the Free Trade Agreement with India will boost exports and open doors for farmers, growers, and businesses.

FES8 US-TECH-EVENT (10:21 AM)

Global tech companies, start-ups showcase breakthrough innovations in AI, robotics at CES 2026 Las Vegas: Breakthrough innovations in AI, robotics, mobility and health tech changing how humans live, work and connect will take centre-stage as top global companies and start-ups gather here for the world's largest technology event. By Yoshita Singh

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