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The Reserve Bank of India’s outstanding net short dollar position in the forward book surged to a record $200.06 billion at August-end from $136.77 billion at July-end, data released by the central bank on Monday showed.Short positions with a maturity of less than one year rose to $55.15 billion at the end of August from $47.66 billion in July, while positions with a maturity of more than one year nearly doubled to $176.57 billion from $91.54 billion.At the same time, the RBI's long dollar positions increased to $31.66 billion at August-end from $2.43 billion at July-end. All of these positions mature within one month. Consequently, after adjusting for long positions, the RBI's net short position in contracts maturing within one year fell to around $23.5 billion in August from $45.2 billion in July.“The short positions have increased on the back of FCNR(B) flows. The RBI has also let some positions to mature because looking at the data, if we include the amount of inflows, the ...

  The Reserve Bank of India (RBI) has approved the appointment of Anup Kumar Saha as managing director and chief executive officer (MD & CEO) of Kotak Mahindra Bank for a three-year term beginning January 1, 2027, the private sector lender said in a regulatory filing on Thursday.The bank said the RBI approval was received on September 30. The appointment is subject to further formalities, including approval from the bank’s members.“Based on an application made by the Bank, the Reserve Bank of India (RBI) has, vide its letter dated September 30, 2026 … accorded its approval under Section 35B of the Banking Regulation Act, 1949 for the appointment of Mr. Anup Kumar Saha as the new Managing Director & CEO of the Bank, for a period of three years, with effect from January 1, 2027,” Kotak Mahindra Bank said in its filing to the stock exchanges.Saha is currently a whole-time director (executive director) at Kotak Mahindra Bank. He joined the bank in January 2026 and, since March,...