RBI
Indian Economy faces new risks: West Asia conflict, inflation, and weather hurdles
The Union Finance Ministry’s latest monthly economic review identifies the ongoing West Asia conflict and potential El Niño-induced monsoon deficiencies as critical threats to India’s macroeconomic stability, trade, and financial flows in the current fiscal year.
Missed Your Credit Card Due Date? RBI’s New Rule Offers A 3-Day Grace Period
In a major relief for credit card users, the Reserve Bank of India has introduced a three-day grace period for bill payments. Banks can no longer levy late fees immediately after the due date, providing consumers a much-needed buffer to manage their monthly financial obligations.
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.
RBI New Digital Rules: 1-Hour Hold for Transfers and New Kill Switch Feature
The Reserve Bank of India has proposed a major overhaul of digital payment security, introducing a cooling period for high-value transfers, an emergency kill switch to block accounts, and specialized protection layers for senior citizens to combat rising cyber fraud.
‘Murderers can change, but not cyber thugs’: Supreme Court refuses relief to fraudster
Heading a bench, CJI Surya Kant delivered a scathing warning to digital fraudsters, labeling cybercrime as "organized loot." Refusing bail to a notorious scammer, the court suggested solitary confinement for cyber thugs, emphasizing that while violent criminals might reform, those orchestrating digital arrests and financial frauds deserve no judicial mercy
RBI Implements Stricter Two-Factor Authentication for Digital Payments from April 1
RBI New Payment Rules: The Reserve Bank of India (RBI) is implementing stricter two-factor authentication (2FA) for digital transactions from April 1, 2026. OTP alone will no longer be sufficient; biometrics or a dynamic PIN will be mandatory for UPI and card payments.
New Round of Banking Licenses Expected in India After Nearly a Decade
India might soon see a new wave of banking licenses after almost....
Bank Holidays in August: अगस्त माह में कुल 9 दिन बंद रहेंगे बैंक, जानिए कब-कब होगी छुटी
Bank Holidays in August: जुलाई का महीना समाप्त होने में अभी कुछ....
