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Nirmala Sitharaman said UPI processes over 2,400 crore transactions a month, nearly 80 crore daily, at the RBI data centre inauguration in Khordha, Odisha.
RBI Governor Sanjay Malhotra said the central bank does not target any price or level for the rupee but will act against speculation and excessive volatility to keep forex markets orderly.
IDFC First Bank posted Q2 FY27 consolidated net profit of Rs 1,049.17 crore, down 8.59 per cent quarter-on-quarter, while NII rose to Rs 6,188 crore and deposits grew 25.9 per cent year-on-year.
Kotak Mahindra Bank reported a 29 per cent year-on-year rise in standalone net profit to Rs 4,212 crore for the July-September quarter, even as net interest margin narrowed to 4.31 per cent.
Axis Bank's Economic Research says system liquidity has tightened towards zero, with durable liquidity at 3.2 per cent of NDTL, as RBI forex operations and festive cash demand drain deposits.
RBI Governor Sanjay Malhotra said the central bank does not target any specific rupee level and intervenes only to curb speculation and excessive volatility in forex markets.
The RBI's October 2026 Bulletin says banks cut the weighted average lending rate on fresh loans by 93 bps against a 125 bps repo reduction between February 2025 and March 2026.
The RBI said weak monsoons, El Nino, geopolitical tensions and volatile energy prices could hurt growth, even as real GDP rose 7.8 per cent in Q1 2026-27.
SBI's Ecowrap report asks why the RBI injected Rs 2.5 lakh crore via repo auctions while in calibrated tightening mode, and expects bond yields to stay elevated.
State Bank of India has individually informed customers whose data was involved in a recent cyber incident, saying account balances and funds remain safe.
State Bank of India said account balances and funds remain safe after 3,897 customer records were found on the dark web. The bank has emailed affected customers directly.
Rajya Sabha MP A.A. Rahim wrote to Finance Minister Nirmala Sitharaman seeking an independent investigation into SBI customer data exposure on the dark web.
Emkay Global expects the RBI to raise rates 25 bps each in December 2026 and February 2027, taking the cycle total to 75 bps, as CPI inflation spread widened to 46% in September.
SBI Research has retained its forecast of a 50-basis-point repo rate hike in December, citing persistent inflation and elevated crude oil prices, ahead of the RBI's December 2-4 MPC meeting.
RBI Governor Sanjay Malhotra said rate cuts are off the table near term after the MPC raised the repo rate 25 bps to 5.50 per cent and shifted to calibrated tightening.
RBI Deputy Governor Swaminathan J told the FE Modern BFSI Summit 2026 in Mumbai that banks stay accountable for risks even when fintechs handle sourcing and underwriting.
Public sector banks are adopting artificial intelligence and strengthening cybersecurity under EASE₹ise 8.0, per the Indian Banks' Association report with 16 action points.
RBI Governor Sanjay Malhotra said the Indian economy has shown remarkable resilience amid a turbulent global backdrop, with full-year 2026-27 growth now projected at 7.1 per cent.
The Ministry of Finance will hold bank camps across 2.7 lakh gram panchayats and urban local bodies from October 21, 2026, covering PMJJBY, PMSBY, APY and PMJDY enrolments.
State Bank of India said 3,897 customer records with personal data surfaced in a dark web analysis of about 3,75,000 records, but balances remain safe.
