Banking News
Supreme Court Refuses Stay on UPI MDR Above ₹2,000
The Supreme Court has refused to stay the Centre’s proposed Merchant Discount Rate on specified UPI merchant transactions above ₹2,000. The framework is scheduled to take effect from October 15 and has been challenged through a PIL filed by advocate Anjan Datta.
Breaking News: 3-Day Bank Strike Deferred After Late-Night Talks
Bank unions have deferred their planned three-day strike after reaching an understanding with the Indian Banks’ Association on the issue of a five-day working week. The strike was scheduled to begin on Monday following the ongoing dispute over Saturday holidays.
UPI Transaction Charges: 75% of Users Vow to Abandon Platform if Fees Imposed
A comprehensive LocalCircles survey reveals a massive public pushback against potential monetization, as banks struggle with zero returns on a network that processed over 240 billion transactions in FY26.
Escalating Iran-Israel Tensions May Drive Future FD Rate Hikes
As the RBI MPC meeting begins, escalating Middle East tensions and rising crude oil prices fuel inflation fears. While analysts expect a status quo, persistent geopolitical instability may soon force the central bank to hike repo rates and bank FD interest.
RBI MPC Faces High-Stakes Balancing Act Amid Surging Oil Prices and Geopolitical Tensions
RBI Monetary Policy April 2026: As the MPC convenes for the first review of FY27, all eyes are on Governor Sanjay Malhotra. With Brent crude soaring 48% and geopolitical tensions rising, find out if the RBI will hold the repo rate at 5.25% or take aggressive action to curb mounting
