2:10 PM
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2:10 AM
Blogger
The RBI has introduced new rules simplifying claims for deceased bank customers, allowing nominees to claim up to Rs 15 lakh from banks and Rs 5 lakh from co-operative banks. These standardized procedures cover deposits, lockers, and safe custody items. Banks must settle claims within 15 days, with penalties for delays.
4:10 AM
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Standard Chartered India CEO P D Singh highlights the potential of rupee invoicing in the India-Middle East trade corridor, drawing parallels with the Chinese yuan's adoption in solar equipment trade. The bank is also expanding its forex clearing capabilities, launching US dollar clearing from GIFT City.
4:10 AM
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RBI's Authentication Directions, 2025, signals the phasing out of OTP-only second-factor authentication for payments, prioritizing enhanced security and user choice. The new framework encourages biometrics, app-based tokens, and device-native methods, shifting liability to issuers. Banks and payment providers must adopt alternative 2FAs by April 2026 for domestic transactions and October 2026 for cross-border payments.
6:10 PM
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The Reserve Bank of India (RBI) is set to bolster digital payment security by mandating two-factor authentication across India's payment ecosystem from April 1, 2026. This new framework requires at least two distinct authentication factors, including a dynamic element for each transaction. Card-not-present cross-border transactions will also get an extra layer of security by October 1, 2026.
9:10 AM
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Top stock market recommendations: Nuvama Professional Clients Group's Aakash K Hindocha recommends buying NTPC, Bank of Baroda, and Aadhar Housing Finance Ltd. He anticipates Nifty reaching 25600+ and Bank Nifty targeting 56400.
9:10 PM
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The US Treasury considers a $20 billion swap line for Argentina's central bank. Treasury Secretary Scott Bessent announced the talks. This move aims to stabilize Argentina's markets before midterm elections. President Donald Trump supports assisting Argentina. However, Senator Elizabeth Warren raised concerns about using funds for a foreign government. Javier Milei faces challenges amid austerity and a scandal.
8:10 PM
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UBS has reached a settlement with French authorities, agreeing to pay 835 million euros to resolve a 14-year-old legal battle over assisting wealthy clients in tax evasion. The settlement includes a substantial fine and damages to the French state, bringing an end to the case involving illegal banking activities between 2004 and 2012.
7:10 PM
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Gold prices in India soared to a record high of Rs 1,18,900 per 10 grams, fueled by strong global demand and a weakening rupee due to the US H-1B visa fee hike. Silver also surged to Rs 1,39,600 per kilogram. Experts cite expectations of US rate cuts, central bank purchases, and geopolitical tensions as factors driving the rally.
9:10 AM
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Asian markets showed cautious gains amid US monetary policy uncertainty and Trump's visa restrictions impacting India's tech sector. Investors are closely monitoring the Fed's rate path and upcoming inflation data. The dollar held steady, while the yen weakened after the Bank of Japan maintained rates, despite some members favoring a hike.
8:10 AM
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Motilal Oswal Financial Services recommends Punjab National Bank and Larsen & Toubro as top stock picks for the week starting September 22, 2025. PNB's improved asset quality and strong growth in retail and MSME sectors drive its potential.
12:10 AM
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State Bank of India is expanding its reach in Tamil Nadu, inaugurating 14 new branches, two Home Loan centers, and Rural Self Employment Training Institutes. SBI is also launching Gram Panchayat camps to promote financial inclusion in rural areas. The bank donated ₹1.47 crore for upgrading government primary schools, reinforcing its commitment to education and community development.
8:10 PM
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The Economic Advisory Council to the Prime Minister urges private companies with substantial capital reserves to invest in India's growth, emphasizing that investments and exports are crucial drivers. A Reserve Bank of India article projects a significant rise in private capital investment, supported by strong macroeconomic factors.
4:10 PM
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Last week, most of the top ten companies saw their combined market value increase. State Bank of India and Bharti Airtel were the biggest gainers. Reliance Industries remains the most valued company in India. ICICI Bank, Bajaj Finance, and Hindustan Unilever experienced declines in their market capitalization. Overall, the BSE benchmark showed a positive trend.
12:10 AM
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Piyush Goyal launched integrated logistics plans to cut industry transaction costs, starting with a pilot program in eight cities. A guidebook on Harmonised System of Nomenclature (HSN) codes was introduced for systematic product categorization. The upgraded Logistics Data Bank (LDB) 2.0 offers real-time shipment tracking, enhancing visibility and planning.
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