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    Interest rates to remain low in medium to long term: RBI Governor
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April 8, 2026
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Low interest rates and cautious monetary policy shape the Reserve Bank's stance amid inflation stability and market volatility.
Interest rates are expected to remain low in the medium to long term in view of benign inflationary conditions and strong macroeconomic fundamentals. The Reserve Bank has kept the benchmark repurchase rate unchanged while adopting a cautious wait-and-watch approach to assess the impact of the West Asia conflict on energy supplies, inflation, growth, the rupee and trade flows. Banks have transmitted earlier rate cuts to lending and deposit rates, and currency market steps were said to be temporary measures to curb excessive volatility.
April 8, 2026
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India's GDP growth projection stays resilient despite West Asia conflict, with exports and inflation facing downside risks.
Reserve Bank projected India's GDP growth for the current financial year at 6.9 per cent, noting downside risks from elevated commodity prices, higher energy costs, and supply-chain disruptions linked to the West Asia conflict. Merchandise exports may be affected by shipping, freight and insurance costs, while domestic demand is expected to be supported by services-sector momentum, GST rationalisation, manufacturing capacity utilisation, and healthy financial and corporate balance sheets.
April 8, 2026
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Governance and conduct review found no material concerns in HDFC Bank's supervisory assessment and board review.
The Reserve Bank stated that its supervisory inspection of HDFC Bank did not reveal any governance or conduct-related issues, and that review of the bank's meeting minutes also disclosed no matter of material concern. The RBI reiterated that there were no material concerns on record regarding the bank's conduct or governance, describing HDFC Bank as a Domestic Systemically Important Bank with sound financials, a professionally run board, and a competent management team.
April 8, 2026
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Market rally and unchanged RBI policy follow easing geopolitical stress and a sharp fall in crude oil prices.
Equity markets rallied sharply after a US-Iran ceasefire and a fall in crude oil prices reduced concerns over energy supply disruption and inflation pressure. The Reserve Bank of India kept the benchmark repurchase rate unchanged and maintained a cautious wait-and-watch stance, citing uncertainty from the West Asia conflict, its impact on energy supplies, inflation, growth, the rupee, and trade flows.
April 8, 2026
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Monetary policy stance remains neutral as the policy repo rate is held unchanged amid supply shocks and inflation risks.
The Monetary Policy Committee kept the policy repo rate unchanged at 5.25 per cent, retained the standing deposit facility rate at 5.00 per cent, the marginal standing facility rate and Bank Rate at 5.50 per cent, and continued a neutral stance. The decision was based on resilient domestic growth, contained headline inflation, and heightened uncertainty from geopolitical tensions, supply-chain disruption, energy price pressures, and weather-related risks affecting the inflation and growth outlook.
April 8, 2026
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Personal jurisdiction and extraterritorial reach challenged in SEC fraud action over Indian bond offering and alleged misstatements.
Personal jurisdiction and extraterritorial reach were challenged in a US SEC fraud action arising from an Indian solar-energy bond offering. The defendants argued that the securities were sold outside the United States under Rule 144A and Regulation S, the issuer and alleged conduct were Indian, and the complaint failed to plead a domestic transaction, minimum contacts, or an actionable US nexus. They also denied credible evidence of bribery, asserted no investor losses, and contended that the relied-upon statements were non-actionable corporate puffery.
April 8, 2026
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Monetary policy stance held steady as the RBI weighs energy shocks, inflation risks and growth uncertainty from geopolitical tensions.
The Reserve Bank of India retained the benchmark repurchase rate and the neutral monetary policy stance, adopting a wait-and-watch approach in view of heightened geopolitical uncertainty arising from the West Asia conflict. The central bank assessed the possible effects of disrupted energy supplies, higher crude prices, rupee weakness, supply-chain disruptions and freight-cost pressures on inflation, growth and the current account, while noting that inflation remained within the target band for the time being. It also indicated that the economy faced a supply shock and that the full impact of the conflict would become clearer over the coming months.
April 8, 2026
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Monetary policy remains neutral as the repo rate stays unchanged, with growth and inflation projections set for FY27.
The Reserve Bank's first bi-monthly monetary policy for fiscal 2026-27 kept the repo rate unchanged at 5.25 per cent and retained a neutral monetary policy stance. It projected GDP growth at 6.9 per cent for FY27 and inflation at 4.6 per cent, while noting that the West Asia crisis and elevated energy and commodity prices may weigh on domestic economic activity and production. The Reserve Bank said it would remain proactive in ensuring sufficient liquidity in the banking system.
April 8, 2026
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Retail inflation outlook remains within target as the repo rate stays unchanged amid supply and price pressures.
Retail inflation is projected at 4.6 per cent for the current financial year, within the government-mandated target range. Quarterly CPI-based inflation is estimated at 4 per cent in the first quarter, 4.4 per cent in the second, 5.2 per cent in the third and 4.7 per cent in the fourth, while headline inflation remains contained and below target. The Monetary Policy Committee kept the repo rate unchanged at 5.25 per cent amid geopolitical uncertainty, energy price pressures, weather-related food risks and supply chain dislocations.
April 8, 2026
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School meal partnership expands nutritious mid-day meals through a centralised kitchen, improving classroom attendance and child nutrition.
Deutsche Bank, under its CSR programme in India, partnered with The Akshaya Patra Foundation to inaugurate a centralised kitchen in Pune for the PM POSHAN initiative. The facility is designed to provide hot, nutritious mid-day meals to 25,000 children in 29 government and government-aided schools, supporting classroom attendance, nutrition outcomes, and access to education. The kitchen operates as a food-safe and hygiene-compliant unit with electric meal-delivery vehicles, reflecting environmental sustainability alongside social impact.
April 8, 2026
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GDP growth projection moderates as supply chain disruption, commodity prices and global volatility weigh on domestic outlook.
India's real GDP growth for 2026-27 is projected at 6.9 per cent, with quarterly estimates of 6.8 per cent in Q1, 6.7 per cent in Q2, 7.0 per cent in Q3 and 7.2 per cent in Q4. The projection reflects elevated commodity and energy prices, supply chain disruptions, and higher freight and insurance costs, while domestic demand is supported by services activity, GST rationalisation, manufacturing capacity utilisation, and healthy financial sector and corporate balance sheets.
April 8, 2026
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Repo rate unchanged as inflation pressures and currency movements keep monetary policy in a cautious stance.
Monetary policy retains the repo rate unchanged at 5.25 per cent with a neutral stance amid inflationary and external market pressures. The decision follows concerns arising from disrupted energy supplies, higher crude prices, and import-linked inflation, while headline retail inflation had moved closer to the medium-term target. The inflation framework also reflects a fresh government mandate requiring the central bank to maintain retail inflation at 4 per cent within a tolerance band of 2 per cent on either side for the next five years ending March 2031.
April 8, 2026
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Financial inclusion through PMMY expands collateral-free credit for small entrepreneurs across banks, NBFCs and MFIs.
Pradhan Mantri Mudra Yojana (PMMY) extends collateral-free institutional credit to small and micro entrepreneurs for non-corporate, non-farm income-generating activities, with the objective of funding the unfunded and broadening financial inclusion. The scheme operates through banks, NBFCs and MFIs, and is structured into Shishu, Kishor, Tarun and TarunPlus categories according to the borrower's credit needs. Loan support covers term finance and working capital across manufacturing, trading, service activities and allied agricultural activities, while interest rates are governed by RBI guidelines and repayment terms are flexible.
April 8, 2026
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Competition Commission approval for hospitality sector acquisition and group restructuring through amalgamation and demerger.
Competition Commission approval was granted for the acquisition of certain equity shares in Fleur Hotels Limited by Coastal Cedar Investments B.V. and the internal restructuring of the Lemon Tree Hotels Limited group through amalgamation and demerger. The transaction concerns a hospitality sector structure in which Fleur Hotels Limited is a subsidiary of Lemon Tree Hotels Limited and owns and leases hotels directly and through subsidiaries, while several wholly owned subsidiaries of Lemon Tree Hotels Limited are involved in the restructuring.
April 8, 2026
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Infrastructure investment trust acquisition of KNR SPVs approved for highway project SPVs under the Hybrid Annuity Model.
The Competition Commission of India approved the proposed acquisition of 100% equity shareholding in KNR SPVs by Indus Infra Trust from KNR Constructions Ltd. The transaction is structured through the trust's investment manager and concerns four special purpose vehicle companies incorporated for infrastructure development projects. Indus Infra Trust is a SEBI-registered infrastructure investment trust governed by the SEBI (Infrastructure Investment Trusts) Regulations, 2014, while the target SPVs operate highway projects under concession agreements on a Hybrid Annuity Model.
April 8, 2026
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Bid rigging in public tenders led to cease-and-desist directions for anti-competitive conduct and proprietor liability.
The Competition Commission of India directed seventeen opposite parties to cease and desist from anti-competitive conduct in tenders for internal and external electrification works in police station buildings across Assam. The proceedings concerned alleged bid rigging by bid rotation and cover bidding, supported by identical mistakes in bids, identical IP addresses, call detail record details, and consecutive demand draft numbers, and the Commission acted under Section 27 for contravention of Section 3(3)(d) read with Section 3(1), with proprietors also held liable under Section 48.
April 8, 2026
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Acquisition of sole control and minor shareholding increase in a joint venture were approved under competition law scrutiny.
Acquisition of an additional 0.4% shareholding in Hitachi Construction Machinery Co., Ltd. through market purchases, together with acquisition of sole control over the 50:50 joint venture HCJI Holdings K. K. through a share buyback, was approved by the Competition Commission of India. Citrus Investment LLC is an investment vehicle with no other business activities, while HCM manufactures construction equipment and HCJI is a holding company with no other activities.
April 8, 2026
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Competition approval for Torrent Power's acquisition of Nabha Power's equity and convertible preference shares.
Competition approval was granted for the proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Limited by Torrent Power Limited from L&T Power Development Limited. The transaction was structured on a fully diluted basis and concerned a target operating a 2x700 MW supercritical thermal power plant at Rajpura, Punjab. The acquirer is a listed power company engaged in generation, transmission, distribution and cable manufacturing, and forms part of the Torrent Group.
April 8, 2026
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Competition approval for minority equity acquisition in a housing finance company through preferential issue and private placement.
Approval was granted for a proposed combination involving acquisition of equity shares in a housing finance company through a preferential issue on a private placement basis. The transaction contemplates acquisition of 14.286% of the post-issue paid-up equity share capital of the target on a fully diluted basis by an investment holding company. The target is a non-deposit accepting housing finance company registered with the National Housing Bank and engaged in home loans, loans against property, construction finance loans, and lease rental discounting loans.
April 8, 2026
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Rupee appreciation follows ceasefire-driven risk-on buying as markets watch central bank policy and currency stability.
The rupee appreciated in early trade after a two-week suspension of military strikes against Iran triggered risk-on buying across currencies, equities and commodities, while Brent crude and the dollar index fell. Foreign exchange conditions were also shaped by the Reserve Bank of India's deadline for squaring overnight positions and the day's monetary policy announcement, with markets expecting the rupee to remain range-bound and volatile as attention shifted to inflation, growth, global uncertainty and currency stability.

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Deutsche Bank and Akshaya Patra Launch Pune Kitchen to Tackle Classroom Hunger

April 8, 2026

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(L-R) Dhananjay Ganjoo and Balaji MN of TAPF, Ruchi Khemka, Benjamin Alka, Kaushik Shaparia from Deutsche Bank, with Sridhar Venkat and Sampati Dasa of TAPF The newly inaugurated kitchen, part of the PM POSHAN initiative, will serve nutritious mid-day meals to 25,000 children across 29 schools in Pune. Pune, April 8, 2026: Reinforcing a shared commitment to child nutrition and education, Deutsche Bank, as part of its CSR programme in India, in partnership with The Akshaya Patra Foundation—an implementing partner of the Government of India’s PM POSHAN scheme—today inaugurated a state-of-the-art centralised kitchen facility in Shivajinagar, Pune. The kitchen was inaugurated by Mr. Kaushik Shaparia, CEO, Deutsche Bank Group, India & Emerging Asia along with Mr. Benjamin Alka, Global Head of Corporate Affairs & Strategy, Deutsche Bank. Representing The Akshaya Patra Foundation were Mr. Shridhar Venkat, CEO and Shri Sampati Dasa, Regional President – Pune. Designed to serve hot, nutritious, and wholesome meals to 25,000 children across 29 government and government-aided schools in Pune, the kitchen will play a vital role in strengthening classroom attendance, improving nutrition outcomes, and expanding access to education for children in the region. This facility marks a significant step in strengthening Pune’s school meal ecosystem. Spread across a built-up area of 20,000 sq. ft., the kitchen has been designed to the highest standards of food safety, hygiene, and operational efficiency. Meals will be distributed within a 20-kilometre radius using a fleet of electric meal-delivery vehicles, underscoring a strong commitment to environmental sustainability alongside social impact. Speaking on the occasion, Mr. Kaushik Shaparia, CEO, Deutsche Bank Group, India & Emerging Asia, said: “At Deutsche Bank, we have always believed that the most enduring investments are those made in people. The inauguration of this kitchen in Pune reflects the depth of our partnership with Akshaya Patra and our shared conviction that no child’s education should be compromised by hunger. As India’s future is shaped in its classrooms today, this kitchen represents our commitment to ensuring that more children in Pune have access to the nutrition and education they deserve. It is also deeply gratifying that our partnership with Akshaya Patra has now crossed the landmark of 100 million meals served.” Shridhar Venkat, CEO, The Akshaya Patra Foundation, said, “Each kitchen we build is a commitment—to the child, to the classroom, and to the nation. This Pune facility stands as a testament to what strong public-private partnerships can achieve under the PM POSHAN framework. We are deeply grateful to Deutsche Bank for their continued support and to the Government of India and the Government of Maharashtra for their trust and collaboration.” The launch of the Pune kitchen marks a significant milestone in The Akshaya Patra Foundation’s efforts to scale high-impact nutrition interventions across India. It reinforces a shared vision of building a nourished and educated nation, advancing the broader goal of a developed India through sustained investments in child nutrition and education. Deutsche Bank’s partnership with Akshaya Patra dates to 2014, anchored in the belief that no child should be denied an education because of hunger. Over the past decade, the bank has supported the provision of mid-day meals to nearly 5,00,000 children across Gandhinagar, Jaipur, Bengaluru, and Pune, while also extending relief support during times of disaster. In a landmark moment for the partnership, Deutsche Bank crossed the milestone of 100 million meals served in January 2026, commemorated at a special event in Jaipur. About Deutsche Bank Deutsche Bank is Germany’s leading bank, with a strong position in Europe and a significant presence in the Americas and Asia Pacific. The bank provides commercial and investment banking, retail banking, transaction banking, asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals. The Deutsche Bank Group has been operating in India since 1980, with a strong presence in the businesses of corporate and investment banking, retail banking, private wealth management, and global business services. With close to 25,000 staff and operations across 18 locations in India, the group is recognised as one of the leading foreign financial service providers in India. Deutsche Bank plays an active role in helping to shape stronger communities. The bank’s CSR agenda focuses on two impact areas: education and environment: helping people advance their professional and personal competencies and skills; and contributing towards the conservation and protection of the environment. This includes supporting projects that help communities become more climate resilient. Deutsche Bank works together with like-minded partners towards these goals. In a recent milestone, Deutsche Bank and The Akshaya Patra Foundation celebrated the provision of 100 million meals to school children, reflecting over a decade of sustained commitment to child nutrition and education in India. Our employees are central to this effort—proud to contribute their skills and expertise towards such a cause. In 2025, more than 415,000 people in India benefitted from the bank’s CSR programmes and 40% of employees volunteered to support various causes. www.db.com/india Media contact: Deeptha Rajkumar Email: [email protected] About The Akshaya Patra Foundation The Akshaya Patra Foundation is a not-for-profit organisation and an implementing partner for the Government of India’s flagship PM POSHAN initiative. Operating on a robust public-private partnership (PPP) model in collaboration with the Government of India, state governments, corporate partners and philanthropic donors, Akshaya Patra strives to eliminate classroom hunger and support children’s health and education by providing them with freshly cooked, nutritious mid-day meals in government and government-aided schools across the country. Beyond school meals, the Foundation’s interventions also support children’s access to education, community resilience and national development. Established in 2000, Akshaya Patra has grown from its humble beginnings to becoming a globally recognised social movement through its contributions to food and nutrition security. Over the years, the programme has contributed to a significant increase in school enrolment and attendance, alleviation of classroom hunger, improvement in academic performance and nutritional outcomes among children. The Foundation operates one of the world’s largest networks of automated, technology-enabled community kitchens, designed to deliver safe, nutritious meals at scale every school day. For more information, please visit: www.akshayapatra.org For Media Queries: Vivek Sathyamurthy E-Mail: [email protected] (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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