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The DFS Secretary will review contingency plans with PSB, RRB, IBA and NABARD chiefs as unions plan a nationwide bank strike from September 28.
SBI urges customers to complete branch transactions early as UFBU plans a three-day nationwide bank strike from September 28 to 30, 2026.
CareEdge Ratings says credit grew 16.5% in Q1 FY27 while deposits rose 11.3%, pushing the loan-to-deposit ratio to a record 83.3% and raising funding pressure.
RBI data shows India's forex reserves declined to USD 780.78 billion in the week ended September 11, led by lower foreign currency assets and gold reserves.
RBI Deputy Governor Murmu says IDPIC is on pilot with eight banks, as the central bank moves to speed up real-time fraud intelligence sharing.
RBI data shows India's forex reserves at $780.78 billion for the week ended September 11, after touching a record $785.71 billion the previous week.
RBI Deputy Governor SC Murmu addresses MDR cost concerns, the cash paradox, regulatory streamlining, payment fraud and board accountability for AI.
RBI absorbs Rs 2.23 lakh crore through a Variable Rate Reverse Repo auction, accepting all bids at 5.24 per cent as banking system liquidity stays in surplus.
An HSBC report suggests the RBI should act early on rate hikes to anchor inflation expectations, support the rupee, and reduce the need for larger tightening later.
RBI accepted the entire Rs 50,000 crore OMO sale across six G-Secs, draining durable rupee liquidity after FCNR(B) deposits hit USD 127.23 billion.
Finance Ministry says MDR on select high-value UPI transactions aims to give domestic firms a self-sustaining revenue model, not driven by external pressure.
Union Minister Jyotiraditya Scindia says levying MDR on UPI customers would be a criminal offence, as the new NPCI framework takes effect from October 2026.
PMK president Anbumani Ramadoss asks the Centre to withdraw the MDR on UPI payments above Rs 2,000, warning traders may pass costs to consumers.
Finance Ministry says UPI policy decisions are made independently, clarifies that customer transfers stay free while a small MDR applies only to large merchant payments.
MobiKwik Co-Founder Upasana Taku explains why the new 0.4% UPI MDR on large merchant transactions above Rs 2,000 will make the payments ecosystem sustainable.
RBI endorses NPCI's new UPI MDR framework effective October 15, 2026, with 0.4% MDR on transactions above Rs 2,000 while users pay nothing.
RBI says MDR on large-value UPI payments will support long-term growth of digital payments, with all P2P transfers and small merchant payments staying free.
Government clarifies all Person-to-Person UPI transfers remain free with no amount cap, while most merchant payments up to Rs 2,000 also stay MDR-free.
Finance Ministry explainer says UPI stays free for person-to-person payments, with nominal MDR only on merchant transactions above Rs 2,000.
NPCI's revised UPI framework introduces a 0.4% MDR on P2M transactions above Rs 2,000, capped at Rs 300, while consumers continue to pay nothing.
