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The three-day nationwide bank strike from September 28 to 30 has been deferred after IBA and UFBU agreed to form a panel on five-day banking and PLI issues.
RBI bulletin says the rising credit-deposit ratio does not signal funding stress, citing strong capital, liquidity and record deposit growth.
RBI data shows NRI deposit inflows rose 678.2% to $36.24 billion in April-July FY27, led by FCNR(B) accounts after the central bank's concessional swap facility.
Banks nationwide opened on a Sunday so customers could finish urgent work before a three-day strike from September 28 to 30 over a five-day week and PLI scheme.
SBI, PNB, Bank of Baroda and other PSBs plus 28 regional rural banks open Sunday so customers can finish banking work before the Sep 28-30 strike.
Economists see rising odds of an RBI rate hike in October as liquidity tightens, with DBS and HSBC flagging possible repo rate moves and liquidity steps.
The PF wage ceiling has risen from Rs 15,000 to Rs 25,000. Here is how the change affects your monthly contribution, EPS split and long-term savings.
RBI Deputy Governor S.C. Murmu outlines governance, liquidity, asset quality, customer trust and cyber resilience as key priorities for NBFCs and HFCs.
Bank unions begin a three-day nationwide strike from September 28. SBI and Bank of India advise customers to use digital channels and finish urgent work early.
A Bank of Baroda report says the rupee may hold in the 94.5-96 per dollar range near term, as FCNR and ECB inflows go to RBI reserves rather than the market.
RBI Bulletin says a high credit-deposit ratio alone doesn't signal funding weakness, as deposits aren't a binding constraint on credit creation in a growing economy.
BSE warns international ETF units are trading well above NAV as overseas investment limits are exhausted, and prices could correct sharply.
RBI data shows India's forex reserves declined to USD 765.90 billion in the week ended September 18, led by a fall in foreign currency assets.
SBI makes all ATM transactions free during the three-day bank strike, keeps branches open Sunday, and says UPI, IMPS, RTGS and NEFT will run as usual.
The Centre has approved Dinesh Pant's voluntary retirement as LIC Managing Director, months after he was named a Whole-Time Member of IRDAI.
Delhi HC directs police to decide on an alternate protest site for bank unions ahead of the Sept 28-30 nationwide strike over a five-day work week and pensions.
Jefferies report shows retail digital spending up 18% YoY to Rs 44.8 trillion in August, while credit cards' share slipped to 4.5%, with SBI Cards under pressure.
Credit card spending growth slowed to about 5.5-5.9% YoY in August as competition intensified, while UPI merchant payments kept rising, brokerage reports show.
Government plans trader outreach to clarify MDR on UPI transactions above Rs 2,000 from October 15, with most payments and small merchants unaffected.
RBI Deputy Governor Rohit Jain says credit demand is growing at 19-20 per cent across sectors, and banks face no difficulty deploying liquidity in coming months.
