Get latest Bank news updates covering banking sector, policies, interest rates, and financial services. Stay informed about banking developments, digital payments, and industry trends. Comprehensive coverage of banking sector. Your trusted source for Bank News.
RBI accepted all bids worth Rs 3.93 lakh crore in its variable rate reverse repo auction, as it works to drain surplus banking system liquidity.
Report suggests RBI could start raising rates as CPI and WPI inflation rise, with the repo rate potentially moving toward 6.5 per cent amid food and fuel pressures.
Finance Ministry notification bars banks and system providers from levying any direct or indirect charge on UPI payments up to Rs 2,000 and RuPay debit card payments.
Emkay Global says FCNR inflows near USD 136 billion and Brent above USD 100 raise odds of an RBI rate hike in October, though any cycle may stay shallow.
The Finance Ministry cites Section 10A of the Payment and Settlement Systems Act to prohibit charges on RuPay debit card and UPI transactions up to Rs 2,000.
RBI Governor Sanjay Malhotra meets FM Nirmala Sitharaman ahead of the October 5-7 MPC meet, with rising crude prices and inflation risks in focus.
HDFC Bank's board has proposed two candidates for MD and CEO, pending RBI approval, and appointed Jimmy Tata as Executive Director.
SBI Research expects 25-bps RBI rate hikes in October and December as crude above USD 100 and broadening inflation pressures build, with bond yields seen rising.
SBI Research recommends two 25-bps RBI rate hikes by December, warning that elevated crude oil prices could push CPI inflation above 6.5 per cent in October-November.
RBI announces open market sale of Rs 1 lakh crore in bonds across three tranches in September 2026 to absorb surplus cash in the banking system.
RBI data shows forex reserves hit a record $785.71 billion in the week ended September 4, driven by a $47.5 billion surge in foreign currency assets.
The Bankers' Books Evidence Act, 2026 replaces the 1891 law, covering electronic, digital and cloud banking records with simplified certification.
RBI Governor Sanjay Malhotra says fintech firms are vital partners in expanding financial inclusion, and urges focus on cybersecurity and consumer trust.
RBI Deputy Governor S.C. Murmu urges banks and fintechs to prepare against quantum computing risks to payment security, citing UPI's massive scale.
Bank unions across India strike for a five-day banking week, warn of a three-day strike from Sept 28 and an indefinite strike from Oct 26 if demands stay unmet.
Public sector bank branches across India were shut or partially closed as UFBU unions struck work demanding a five-day week, pension changes and pending wage settlement.
Former Standard Chartered Bank MD Sanjeev Mehta says FCNR(B) deposit inflows can give banks liquidity to lend and support consumer demand this festive season.
SBI Chairman CS Setty says FCNR(B) inflows will be deployed gradually over 3-4 months, ruling out abnormal lending after the RBI swap window drew USD 136.4 billion.
The RBI grants SRO-FT status to the Unified Fintech Forum, formerly DLAI, making it the second self-regulatory organisation for India's fintech sector.
RBI Governor Sanjay Malhotra urges fintech firms to engage regulators early, warning that scaling first and seeking clarity later proves costly.
