RBI said the measure would help UPI to continue scaling, innovating and serving consumers and businesses across the country.
RBI proposes a framework which will enable banks to temporarily freeze only the amount under suspicion of being potentially linked to cyber fraud, and not the entire account.
Government says banks cannot impose any charges on UPI transactions or RuPay debit card payments of up to Rs 2,000; notification doesn’t specify on amounts above that.
Inflation surges to eight-month high and stays above RBI’s medium-term target for 3rd consecutive month; economists divided on whether rate hike will be in October or December.
Bank deposits rise 17.8% YoY, adding Rs 9.4 lakh cr in fortnight ended August to take outstanding to Rs 278.7 lakh crore; credit grows 19.1% and outstanding is at Rs 223.9 lakh cr.
HDFC Bank sets in process next occupant of CEO chair which hopefully will rock the lender back to normalcy; likely consists of executive from within the bank and an external candidate.
State Bank of India is developing a lending solution to use UPI transaction data as a proxy to assess a small business entity's creditworthiness in the absence of GST registration.
RBI Governor Sanjay Malhotra cautions that once firms treat customer data as ‘monetisable asset’, trust can erode and not return easily.
FCNR(B) deposits will take care of Bank of India’s lending needs for a quarter; will also be used to replace costlier bulk deposits.
Strike was called by UFBU for implementation of 5-day workweek and other pending wage-related issues. public sector banks affected but did not impact private lenders.
Govt puts performance-linked incentive scheme for public sector bank employees for FY26 in abeyance; to take up matter during ongoing bipartite settlement or joint note discussions.
The wholly owned subsidiary of SBM Bank (Mauritius) Ltd has appointed a consultant for the process and is at an EoI stage, said its ED and CFO Amit Jagdhari.
NBFCs’ total credit rises 15% YoY to outstanding of Rs 59.89 lakh crore in July 2026. Gold and consumer durables drive retail loans. How have banks fared in comparison?
Arcil will be first asset reconstruction company to be listed. IPO entirely offer for sale and at upper end of price band to fetch Rs 733 crore.
FCNR(B) collection of Rs 33,975 crore represented 11% of IDFC First Bank’s deposit base as on 30 June 2026; bank's IFSC Banking Unit facilitated around $2.60 bn of lending during the period.
