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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...
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August 20, 2026
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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HEALTHY POPULATION A KEY PILLAR TO ENSURE RESILIENT FUTURE: ECONOMIC SURVEY 2025-26

January 29, 2026

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INDIA ACHIEVES SUCCESSFUL REDUCTION IN MMR, U5MR, NMR SURPASSING GLOBAL REDUCTION TRENDS SINCE 1990s

THE INFANT MORTALITY RATE (IMR) DROPS BY MORE THAN 37 PER CENT OVER THE PAST DECADE

ICT INNOVATIONS SUCH AS AYUSHMAN BHARAT DIGITAL MISSION (ABDM) AND E-SANJEEVANI SUPPORT UNIVERSAL HEALTH SYSTEM REFORMS

MULTI-PRONGED STRATEGY NEEDED TO TACKLE THE PROBLEM OF OBESITY, SAYS ECONOMIC SURVEY

SURVEY STRESSES ON DIETARY AND POLICY INTERVENTIONS TO ADDRESS THE PROBLEM OF ULTRA-PROCESSED FOODS

INITIATIVES LIKE PRAGYATAH FRAMEWORK AND THE ONLINE GAMING (REGULATION) ACT, 2025 INTRODUCED TO ADDRESS DIGITAL ADDICTION AMONG CHILDREN

MENTAL HEALTH ISSUES ADDRESSED THROUGH TELE-MANAS AND THE SHUT (SERVICE FOR HEALTHY USE OF TECHNOLOGY) CLINIC AT NIMHANS, BENGALURU

SURVEY HIGHLIGHTS THE ROLE OF AI AND TECHNOLOGY DRIVEN SURVEYS TO IDENTIFY ‘HEALTH HOTSPOTS’

The country has made significant improvements in increasing access to healthcare by providing better and more affordable facilities through public investment in health, including access to preventive and curative care, nutrition, and health insurance. Infant and maternal mortality rates have reduced, immunisation coverage has expanded, and access to primary healthcare services has improved. Initiatives like the National Health Mission, Ayushman Bharat, and various disease control programmes have contributed to these advancements.

The Economic Survey 2025-26 tabled in the Parliament today by the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, draws attention to the importance of enhancements in public health for strengthening human capital and economic productivity.

Improved Health parameters:

The Survey documented that since 1990, India has reduced its maternal mortality rate (MMR) by 86 per cent, far exceeding the global average of 48 per cent. Similarly, a 78 per cent decline in the under-five mortality rate (U5MR) was achieved, surpassing the global reduction of 61 per cent and a 70 per cent decline in the neonatal mortality rate (NMR) compared to 54 per cent globally during 1990-2023.

Notably, the infant mortality rate (IMR) marked a drop of more than 37 per cent over the past decade, declining from 40 deaths per thousand live births in 2013 to 25 in 2023. This marks improvement in the state of neonatal and maternal care, as well as overall healthcare and socioeconomic conditions.

Digital technologies for better health care: The Survey points out the use of digital technologies and ICT innovations to build integrated healthcare and insurance systems that enhance transparency, minimise fragmentation, and expand access. Initiatives such as the Hospital Management Information System, Ayushman Bharat Digital Mission (ABDM), and e-Sanjeevani have enhanced citizens' access to digital health services, created digital employment opportunities, enabled evidence-based policymaking, and improved hospital management.

New age health concerns:

Obesity: Obesity is rising at an alarming rate and is today a major public health challenge in India. Driven by unhealthy diets, lifestyle changes, including sedentary lifestyles, increased consumption of ultra-processed foods (UPFs), it is affecting people across all age groups and increasing the risk of NCDs such as diabetes, heart disease, and hypertension.

The 2019-21 National Family Health Survey (NFHS) reports that 24 per cent of Indian women and 23 per cent of Indian men are overweight or obese. More troubling still, the prevalence of excess weight among children under five has risen from 2.1 per cent in 2015-16 to 3.4 per cent in 2019-21.

Recognising obesity as a critical public health concern, the government has launched interventions to a holistic approach that integrates health, nutrition, physical activity, food safety, and lifestyle modifications. Some examples include the POSHAN Abhiyaan & Poshan 2.0, Fit India Movement, Khelo India, Eat Right India, Nationwide Awareness Campaign – ‘Aaj Se Thoda Kam. Furhter, the FSSAI has launched the ‘Stop Obesity & Fight Obesity- Awareness Initiative to Stop Obesity’.

Ultra-processed foods (UPFs) are displacing long-established dietary patterns, worsening diet quality, and are associated with increased risk of multiple chronic diseases. The survey highlights how dietary reforms should be treated as a public health priority. India is one of the fastest-growing markets for UPF sales. It grew by more than 150 per cent from 2009 to 2023. This indicates the need to popularise locally grown food, traditional foods and use traditional practices like AYUSH (such as, the promotion of Yoga) for effective management.

Digital addiction: The Survey sheds light on the growing problem of digital addiction among children. Digital addiction negatively affects academic performance and workplace productivity due to distractions, ‘sleep debt’, and reduced focus. It also erodes social capital.  The survey notes the measures taken by the government to address this problem. The CBSE has issued guidelines on safe internet use in schools and school buses.  The Ministry of Education’s Pragyatah framework guides digital education planning with attention to screen time. At the same time, the National Commission for Protection of Child Rights has issued guidelines on screen time limits and online safety. 

Mental Health crisis: Closely linked with digital addiction is the degrading mental health of the youth. There is a high prevalence of social media addiction among those aged 15-24 with multiple Indian and global studies confirming it.  Social media addiction is strongly associated with anxiety, depression, low self-esteem, and cyberbullying stress. Other issues plaguing Indian youth include compulsive scrolling, social comparison and gaming disorders. These lead to sleep disruption, aggression, social withdrawal, and depression, with adolescent populations especially vulnerable.

Hence, the Survey notes, how the government has taken multiple measures towards addressing this issue. For instance, Tele-MANAS (Tele Mental Health Assistance and Networking Across States), launched by the MoHFW in October 2022, offers a 24/7 toll-free mental health helpline (14416) across all states and UTs, connecting callers to trained professionals at no cost. The Tele-MANAS app, launched in 2024, further expanded access. The service has received over 32 lakh calls since its launch, reflecting its relevance and impact.  The SHUT (Service for Healthy Use of Technology) Clinic at NIMHANS, Bengaluru, provides specialised care for excessive and compulsive technology use, focusing on adolescents and young adults. It also conducts free online sessions for parents to support healthier screen-time practices. The Online Gaming (Regulation) Act, 2025, represents a major step to address digital addiction and financial harm among youth.

Recognizing the importance of data, the upcoming Second National Mental Health Survey (NMHS), led by NIMHANS and commissioned by MoHFW, is expected to generate empirical and actionable insights into the prevalence of mental health issues in the Indian context.

The Economic Survey suggests the establishment of offline youth hubs, particularly in urban slums and rural areas to provide alternatives to digital spaces. Recognising that digital access cannot be fully restricted, moderated online safe spaces hosted by schools or similar institutions are also suggested. Schools play a critical role in shaping digital habits and hence, they should introduce a Digital Wellness Curriculum covering screen time literacy, cyber safety, and mental health awareness.

Use of AI and technology-driven surveys: The Survey highlighted the role of technology-driven surveys using platforms like the UDISE+, AISHE, ABDM and integration of AI tools in identifying 'health hotspots' such as prevalence of obesity in urban slums or rising digital addiction in peri-urban schools. Public-private partnership can help develop frontline workers-led initiatives in India, employing technology like mobile apps, AI chatbots (ASHABot), and digital dashboards (e.g., ASHA Kirana's M-CAT and ASHA Digital Health), to effectively manage chronic conditions such as diabetes, monitor infectious diseases including COVID-19, and enhance maternal and child health outcomes.

India's health sector require unwavering focus to unlock the nation's true potential, especially in addressing interconnected new emerging issues such as the double burden of CDs and NCDs, increasing digital addiction, concerning mental health issues, poor nutrition, and increasing obesity. A holistic approach including physical and mental health is essential to ensure a resilient future.

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