4:10 PM
Blogger
When two earning members of a household apply together for a loan, their combined income can potentially improve loan eligibility and help manage repayment burden more efficiently. Most banks and HFCs reiterate that adding an earning family member as a co-applicant can improve their borrowing eligibility.
10:10 AM
Blogger
Mark your calendars: many bank branches will observe closures on Wednesday, August 26, for the Id-E-Milad and Thiruvonam festivals. Although branches will be closed, customers can still use ATMs and online services. Don’t forget that banks will also shut down for a regular holiday on Sunday, August 30, followed by Raksha Bandhan closures on August 28.
6:10 AM
Blogger
Beyond consolidation, banks need to narrow the credit-deposit gap, mobilise stable low-cost deposits and curb concentration in high-risk unsecured retail loans while expanding credit to MSMEs, infrastructure and green investments. To measure efficiency, the study treated banks as institutions that use resources such as fixed assets, borrowed funds, operating expenses and employee costs to generate loans, deposits, investments and net profits.
12:10 PM
Blogger
The Reserve Bank of India likely intervened in foreign exchange markets. Elevated oil prices and corporate dollar demand pressured the rupee. State-run banks offered dollars, indicating central bank action. The rupee remained range-bound for two weeks due to sustained intervention. Geopolitical tensions and equity market weakness also impacted the currency.
11:10 AM
Blogger
On Tuesday, the Indian Rupee faced a minor decline against the US dollar, influenced by rising crude oil prices and increased demand from importers. The Reserve Bank of India stepped in to stabilize the currency, keeping its fluctuations minimal. Meanwhile, domestic equities opened softly, although foreign institutional investors maintained their purchasing momentum in the stock market.
6:10 AM
Blogger
1:10 PM
Blogger
Stock market recommendations: Viyash Scientific, and AU Small Finance Bank - have been picked as the top stocks to buy on August 24, 2026 by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities.
5:10 AM
Blogger
Falling Behind Private & Foreign Banks In Credit Cards, Getting Contracts From GCCs
5:10 PM
Blogger
SBI customers will face charges for cash withdrawals exceeding four free monthly transactions. A fee of Rs 15 plus GST applies to Basic Savings Bank Deposit accounts. Digital transactions remain free, and Aadhaar Enabled Payment System transactions are now counted. Interest rates on bulk term deposits were revised earlier this month. SBI reported a profit increase for the first quarter of FY27.
12:10 PM
Blogger
On Friday morning, the rupee showed signs of strength against the US dollar. Despite the upward trend, high crude oil prices and ongoing geopolitical tensions are pressuring the currency. The Reserve Bank of India anticipates notable foreign currency inflows this year, though these have yet to result in significant rupee gains. Additionally, domestic equities began trading on a slightly weaker note.
7:10 AM
Blogger
1:10 PM
Blogger
The probe comes as the rupee remains under significant pressure. The Reserve Bank of India has been regularly selling dollars in the foreign exchange market to contain volatility and prevent sharp, disorderly movements in the currency.
9:10 AM
Blogger
Says PSBs must aim to be preferred partner across different life stages of an individual
5:10 PM
Blogger
On August 19, banks across Tripura will be closed in observance of a regional holiday. Other states will also experience bank holidays later this month to honor various festivals. While branch operations will be halted, digital banking services will continue to function normally. Customers should adjust their plans accordingly to account for these closures while still being able to access online and ATM banking throughout the holidays.
11:10 AM
Blogger
On Tuesday morning, the Indian rupee experienced a drop against the US dollar, influenced by rising crude oil prices and persistent demand for dollars. Brent crude futures remained above ninety-one dollars per barrel, amplifying the necessity for dollars. Compounding this issue was the Reserve Bank's recent closure of a forex-swap facility, which affected inflows. Additionally, domestic equities opened on a low note as foreign investors continued to sell shares.
1:10 PM
Blogger
Stock market recommendations: Ujjivan Small Finance Bank, and 360 One Wam have been identified by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities as the top stocks to buy on August 17, 2026.
11:10 AM
Blogger
The Indian rupee fell against the US dollar at the start of Monday, influenced by the Reserve Bank of India's move to advance a deposit swap deadline. While the bank had previously drawn in substantial foreign currency, analysts predict temporary support for the rupee, though overall weakness is expected. Additionally, domestic stock markets recorded a drop early in the trading session.
10:10 AM
Blogger
Throughout August, banks will have multiple closures due to various regional and national holidays. Customers are encouraged to verify the specific holiday hours pertinent to their state before heading to a branch. Key closures include August 25 and 26 for Milad-Un-Nabi and Thiruvonam, with an additional break on August 28 for Raksha Bandhan and other local celebrations. Fortunately, online and mobile banking services will remain available during this period.
7:10 PM
Blogger
The Reserve Bank of India (RBI) has laid out some guidelines for lenders on recovery of loans, and whether they can block or lock the device that has been purchased via EMI financing. This new framework will come into effect from January 1, 2027.
10:10 AM
Blogger
Stock market recommendations: Amara Raja Energy & Mobility, Indian Bank, and Kfin Technologies have been recommended by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One as the top stocks to buy on August 14, 2026:
10:10 AM
Blogger
Top stock market recommendations: Indian Bank, DLF, and Polycab India - Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management has picked these three stocks.
9:10 AM
Blogger
4:10 AM
Blogger
To Standardise Rate Setting Across Banks, NBFCs
6:10 PM
Blogger
Reserve Bank governor Sanjay Malhotra stressed human accountability for AI decisions. Banks must ensure technology supports human judgment, not replaces it entirely. Meaningful human oversight is crucial from the AI design stage. Cyber security and model bias present significant risks for lenders. Banks must maintain an inventory of AI models and governance policies.
5:10 PM
Blogger
India is preparing to roll out polymer banknotes for initial trials shortly. The Reserve Bank of India plans to launch one billion pieces each of Rs 10 and Rs 20 denominations. These innovative polymer notes will coexist with current paper currency, with the goal of improving the longevity of lower denomination notes. Additionally, parliament discussions included topics on inflation and taxation strategies.
8:10 AM
Blogger
4:10 PM
Blogger
Dalal Street wrapped up last week on a high note, showcasing impressive gains among leading firms. State Bank of India saw a remarkable surge in its market value, joining industry giants Reliance Industries and TCS, which also experienced robust growth. Conversely, several other major companies faced decreases in their market valuations. Despite some volatility, overall market indices noted steady gains as the week closed.
6:10 PM
Blogger
Non-banking financial company gold loans grew nearly seventy percent year-on-year. This expansion significantly outpaced overall retail credit growth for these institutions. The Reserve Bank of India had introduced new rules for gold lending practices. Despite regulatory scrutiny, demand for gold-backed credit remained robust. Credit growth in industry and services sectors showed moderation during this period.
9:10 PM
Blogger
This empowers the government to allow banks and other payment service providers to impose charges on transactions conducted through the unified payments interface (UPI) and other electronic payment modes that may be notified.
10:10 AM
Blogger
Top stock market recommendations: Ambuja Cements, Asahi India Glass, and Pfizer - these stocks have been identified as the top buy calls for August 6, 2026 by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management. The expert has also shared outlook on Nifty50 and Bank Nifty:
8:10 AM
Blogger
2:10 PM
Blogger
The government has authorised the Reserve Bank of India to print up to 2 billion polymer (plastic) notes - 1 billion each in the Rs 10 and Rs 20 denominations for field trials. At present, there is no proposal to replace paper currency entirely.
10:10 PM
Blogger
The Enforcement Directorate is investigating 32 bank fraud cases with 54 absconding accused. Proceedings under the Fugitive Economic Offenders Act have been launched against 27 individuals. Assets worth over Rs 840 crore have been confiscated after nine were declared offenders. Unclaimed bank deposits transferred to the RBI fund total Rs 62,683.19 crore. India's foreign exchange reserves remain comfortable, covering 10.3 months of goods imports.
7:10 PM
Blogger
Merchant Discount Rate (MDR) is the fee merchants pay to banks and payment service providers for processing digital transactions. In India, credit card payments generally attract an MDR of around 1.5%.
6:10 AM
Blogger
Nifty also saw a significant rise in the last twenty minutes of trading. The Indian rupee remained nearly unchanged against the US dollar. Dollar demand from importers and state-run banks increased during the session.
5:10 PM
Blogger
August brings numerous bank holidays across India, affecting branch operations. Banks will close on specific dates due to regional festivals and national observances. Customers should verify local branch availability before planning visits. Digital banking services will remain accessible throughout these holiday periods. Plan branch-specific transactions in advance to avoid any inconvenience.
11:10 AM
Blogger
The Indian rupee strengthened against the US dollar on Monday morning. Falling global crude oil prices and a weaker US dollar supported the rupee's rise. Foreign fund inflows and higher forex reserves also provided additional support. Easing geopolitical concerns after US President Donald Trump delayed strikes on Iran helped markets. The Reserve Bank of India's continued intervention further bolstered the currency's performance.
5:10 PM
Blogger
The Reserve Bank of India has revised rules for bulk deposits, effective October 2026. Banks can now offer differential interest rates based on liquidity risk under the LCR framework. This move aligns deposit pricing with revised LCR guidelines for better asset-liability management. Mandatory daily public disclosure of bulk deposit rates will enhance transparency for customers. However, uniform rates will continue for similarly placed depositors across all branches.
4:10 PM
Blogger
The stock market faces a crucial week with key domestic and global events. The Reserve Bank of India's interest rate decision is a major focus for investors. Geopolitical developments in West Asia and crude oil prices will also influence sentiment. Several large companies are set to announce their quarterly earnings results. Foreign investors turned net buyers in July, supporting market confidence.
1:10 PM
Blogger
In a significant move, Capital One has closed the Trump Organization's accounts, citing anti-money laundering concerns backed by detailed analysis and adherence to internal policies. This action occurs amidst ongoing legal disputes initiated by the Trump Organization, which accuses the bank of discriminatory 'debanking' based on 'woke' ideologies. Capital One is now seeking dismissal of these claims, labeling them as fundamentally misguided.
4:10 AM
Blogger
Total forex mobilization under RBI's concessional dollar swap facility has exceeded forty billion dollars. This amount more than doubled in just a fortnight, surpassing previous deposit drives. Foreign Currency Non-Resident (Bank) deposits formed the largest portion of these inflows. The facility encourages overseas fund mobilization and boosts foreign exchange reserves. This scheme remains available until late 2026 for various deposit types.
9:10 PM
Blogger
Foreign investors are showing renewed interest in Indian equities after significant outflows. Geopolitical uncertainties and elevated oil prices continue to pose risks to the outlook. India's domestic economy demonstrates robust performance with healthy sales and credit growth. The Reserve Bank of India is expected to align its monetary policy with the US Federal Reserve. Delays in bond index inclusion reflect global market dynamics, not India's debt concerns.
6:10 AM
Blogger
7:10 PM
Blogger
RBI has already floated the tender to source materials for the polymer notes with its currency printing arm Bharatiya Reserve Bank Note Mudran Pvt Ltd inviting global expressions of interest. The step assumes significance because India has discarded around Rs 50 trillion worth of soiled notes in the last decade.
9:10 AM
Blogger
Banks collected nearly Rs 7,100 crore in minimum balance penalties during FY26. Private banks gathered Rs 4,948 crore, a significant increase from the previous year. HDFC Bank alone levied Rs 1,800 crore in charges from its customers. Ten public sector banks have discontinued these penal charges on savings accounts. Overall, banks notified customers before applying these charges to accounts.
7:10 PM
Blogger
The process to file the income tax return has evolved over the last few years and the income tax portal now pre-fills a lot of your tax related information drawing from information in documents such as Form 16, Form 26AS, Annual Information Statement (AIS), bank records etc.
9:10 AM
Blogger
Public sector banks report significant financial improvements and record profits. Bad debt levels have fallen to their lowest point in decades. The government has supported banks through capital infusions and legislative measures. Credit growth has accelerated across various economic sectors. Schemes like ECLGS continue to support businesses and credit flow.
8:10 AM
Blogger
The government has allowed the Reserve Bank of India to print two billion polymer notes. These new polymer notes will be printed for field trials and regular issuance. The minister stated that paper and polymer currency will coexist in circulation. RBI is currently sourcing materials for these polymer banknotes. This initiative aims to enhance the lifespan of currency in circulation.
7:10 AM
Blogger
HDFC Bank's board penalized top executives over deposit arrangements with MSRDC. The internal review found business overreach but no personal gain or mala fide intent. Top executives received nominal penalties and warning letters following the review's recommendations. This action comes as the RBI pushes boards for greater oversight and before the CEO's term ends. The bank will formally communicate the matter and its findings to the Reserve Bank of India.
10:10 PM
Blogger
The board also issued warning letters to the other employees involved in the case, which relates to the mobilisation of large deposits from MSRDC between 2017 and 2021 through the alleged payment of around Rs 45 crore under the head of marketing expenses.
RSS Feed
Twitter
