Bank

A hawkish US Federal Reserve and narrowing interest rate differential could increase pressure on the RBI to consider a rate hike as early as October.

The Union has barred banks and system providers from directly or indirectly charging users for UPI transactions up to Rs 2,000.

Banking services at public sector banks were disrupted nationwide as unions struck for a five-day work week and warned of further action.

The Bank of France completed the transfer of the final 129 tons of gold between July 2025 and January 2026.

In the US, 10-year interest rates sit around 4.7%, surging nearly half a per cent just this year, while the benchmark 30-year bond is near a two-decade high.

As per the official statement, the unions have raised four key demands, implementation of the five-day banking week, withdrawal of the government's Performance Linked Incentive scheme and more.

The portal has been launched as part of SEBI's Cyber Security Initiative and will serve as a central hub for sharing cybersecurity-related information.

The company allegedly submitted false financial statements and other documents while seeking to take over its existing loan from Karur Vysya Bank.

The petitioner, a construction material supplier, had approached the court after his accounts with several banks, including Bandhan Bank, ICICI Bank and Axis Bank, were frozen.

Reflecting on past technological shifts, Malhotra observed that while historical innovations multiplied physical power and connectivity, artificial intelligence directly multiplies intelligence.

The proposed directions will apply to commercial banks but exclude Small Finance Banks, Payments Banks and Local Area Banks.

The expansion is supported by a banking infrastructure comprising more than 1.81 lakh bank branches.

In April this year, the Reserve Bank of India (RBI) had cancelled the banking licence issued to PPBL for non-compliance with norms.