RBI

India’s economy continues to display strong momentum, but potential risks from rising global tariffs and protectionist trade measures could weigh on growth prospects, according to the Reserve Bank of India’s (RBI) latest bulletin. While domestic demand remains robust and key macroeconomic indicators show resilience, the bulletin underscores that global trade fragmentation and tariff hikes—particularly from advanced economies—pose challenges for emerging markets like India.

Former Reserve Bank of India (RBI) governor Urjit Patel has been appointed as an Executive Director at the International Monetary Fund (IMF), marking a significant development for India’s representation in the multilateral financial institution. Patel, an accomplished economist with extensive experience in monetary policy, fiscal management, and institutional reforms, is expected to play a pivotal role in shaping policy discussions at the global level.

In a move underscoring its rigorous oversight of India’s financial system, the Reserve Bank of India has imposed fines on two prominent players—HDFC Bank and Shriram Finance—citing lapses in regulatory compliance. These penalties, while modest relative to the institutions’ balance sheets, reflect the central bank’s sharpened scrutiny of governance practices across the sector.