Swati Bhat

Mumbai

Team Lead Treasury at Reuters

India Finance and RBI Correspondent with Reuters News in Mumbai. Views expressed are my own. RTs are not endorsements. Contact: [email protected]

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Articles

India front-loads rate cuts to support economic growth, slashes reserve ratio

20 hours ago | marketscreener.com | Swati Bhat |Sudipto Ganguly

Published on 06/06/2025 at 00:39, updated on 06/06/2025 at 02:23MUMBAI (Reuters) -The Reserve Bank of India (RBI) cut its key repo rate by a larger-than-expected 50 basis points on Friday and slashed the reserve ratio for banks as low inflation gave policymakers room to focus on supporting growth amid a volatile global economy. The central bank, however, changed its monetary policy stance from 'accommodative' to 'neutral', stating that it may have limited space for further easing.
Indian central bank's FY25 income gets $13 billion FX boost

1 week ago | ca.marketscreener.com | Swati Bhat

Published on 2025-05-29 at 01:45, updated on 2025-05-29 at 03:27 MUMBAI (Reuters) -The Indian central bank's gains from foreign exchange transactions surged nearly 33% to 1.11 trillion rupees ($13 billion) in the fiscal year ending March, pushing up its income sharply, its annual report showed on Thursday. The Reserve Bank of India's net income rose to 2.69 trillion rupees, up 27.5% on year.
India cenbank to transfer record surplus of 2.69 trln rupees to government for FY25

2 weeks ago | reuters.com | Swati Bhat |Ira Dugal

A logo of the Reserve Bank of India (RBI) is seen during the Global Fintech Fest in Mumbai, India, August 29, 2024. REUTERS/Francis Mascarenhas/File Photo MUMBAI, May 23 (Reuters) - The Reserve Bank of India's board approved the transfer of 2.69 trillion rupees ($31.53 billion) as surplus to the federal government for the fiscal year ended March as it opted to raise its contingency risk buffer under a revised economic capital framework, it said on Friday.
India Cenbank Proposes Easier Rules for Lenders' Investments in AIFs

2 weeks ago | gurutrade.com | Swati Bhat |Nivedita Bhattacharjee

MUMBAI, May 19 (Reuters) - India's central bank on Monday proposed more liberal rules governing investments by lenders in Alternative Investment Funds (AIFs), citing improved financial discipline after rules were tightened earlier. In December 2023, the RBI barred banks and NBFCs from investing in AIFs that held exposures to their existing or recent borrowers.
RBI’s cash influx seen a small relief amid global uncertainty

1 month ago | kfgo.com | Swati Bhat |Siddhi Nayak

By Swati Bhat and Siddhi NayakMUMBAI (Reuters) -The decision by India’s central bank to cut rates and flood the banking system with cash will do little to immediately boost demand in Asia’s third-largest economy as global uncertainties restrain corporate investment, bankers and sources said.
RBI's cash influx seen a small relief amid global uncertainty

1 month ago | marketscreener.com | Swati Bhat |Siddhi Nayak

MUMBAI (Reuters) -The decision by India's central bank to cut rates and flood the banking system with cash will do little to immediately boost demand in Asia's third-largest economy as global uncertainties restrain corporate investment, bankers and sources said. The infusion of liquidity, along with two consecutive rate cuts, will at best prevent further deceleration in growth, which probably fell to a four-year low of 6.5% in the financial year ended March 31, 2025, they said.
India’s interest rate setters back growth-supportive monetary policy

1 month ago | 943jackfm.com | Swati Bhat |Siddhi Nayak

By Swati Bhat and Siddhi NayakMUMBAI (Reuters) -Inflation in India is expected to stay near target this fiscal year, providing space to support growth through further monetary easing, members of the country’s rate-setting panel said in the minutes of April policy that were released on Wednesday.
India's interest rate setters back growth-supportive monetary policy

1 month ago | uk.marketscreener.com | Swati Bhat |Siddhi Nayak

MUMBAI (Reuters) -Inflation in India is expected to stay near target this fiscal year, providing space to support growth through further monetary easing, members of the country's rate-setting panel said in the minutes of April policy that were released on Wednesday.
Indian Economy Less Vulnerable to Global Headwinds, Cenbank

1 month ago | gurutrade.com | Swati Bhat |Nivedita Bhattacharjee

MUMBAI, April 22 (Reuters) - India's economy is relatively less vulnerable to global headwinds, and calibrated policy support could help the country turn current volatility into an opportunity, the Reserve Bank of India said in its April bulletin released on Tuesday. "Although the dampening global economic outlook could impact India's economic growth through weaker external demand, the domestic growth engines ...
India Extends Cenbank Deputy Sankar's Term by One Year

1 month ago | gurutrade.com | Swati Bhat |Sudipto Ganguly

MUMBAI, April 22 (Reuters) - India has extended the term of Reserve Bank of India deputy governor T. Rabi Sankar by one year, according to a government notification. The government notification, dated April 21, said Sankar would continue to serve for an additional year starting May 3 or until further orders, whichever is earlier. Sankar was first appointed deputy governor on March 3, 2021 for a period of three years before his term was extended by a year in 2024.