Banking & finance
227 stories
New UPI merchant discount rate rules for train ticket bookings explained
New UPI merchant discount rate rules for rail ticket bookings will take effect on October 15, 2026, though passengers will not be directly charged the fees.
Financial sector should fund next-gen enterprises says PK Mishra
Prime Minister's Principal Secretary PK Mishra urged the financial sector to prioritize funding next-generation enterprises over short-term growth targets.
Reserve Bank of India Announces Results for Government Securities Sale
The Reserve Bank of India announced the results for its Open Market Operation sale of government securities held on September 21, 2026.
All Banks to Remain Open on Sunday Ahead of Strike
The Indian government and the Reserve Bank of India have ordered all public sector banks to remain open on Sunday, September 27, 2026, ahead of a planned three-day strike.
UFBU confirms three-day bank strike
The United Forum of Bank Unions (UFBU) confirms a three-day bank strike starting September 28 following unsuccessful talks with labor authorities.
Banks to remain closed for 5 days as employees announce strike
Bank unions have called for a three-day strike after negotiations with the government failed to resolve demands regarding a five-day work week and the performance-linked incentive scheme.
Banks may shut for five days as unions announce strike
Bank unions plan a three-day nationwide strike from September 28 to 30, potentially closing bank branches for five consecutive days.
Bank ordered to pay Rs 13.87 lakh after blocking widow's deposits
A Kerala consumer commission ordered a cooperative bank to pay a widow Rs 13.87 lakh for restricting access to her matured fixed deposits.
SBI branches to remain closed for five consecutive days
State Bank of India will remain closed for five consecutive days due to a scheduled three-day bank strike combined with the weekend.
Banks To Open On Sunday Before 3-Day Strike
The United Forum of Bank Unions has announced a three-day bank strike to demand five-day working weeks for employees.
Axis Bank Appoints Independent Director Arvind Subramanian For Four Years
Arvind Subramanian has been appointed as an independent director at Axis Bank for a four-year term.
Trade Body Seeks Rollback Of UPI Transaction Charges
The Chamber of Trade and Industry has requested the Finance Ministry to withdraw Merchant Discount Rate charges on UPI transactions.
ECB and EU central banks propose changes to MiCA stablecoin rules
The European System of Central Banks is seeking to amend MiCA regulations to replace mandatory bank deposit requirements for stablecoin reserves with liquidity-based criteria.
Nationwide strike: Banks to remain shut for three days
Banking operations are expected to be disrupted across India for three days due to a nationwide union strike.
Result of the Overnight Variable Rate Reverse Repo Auction
The Reserve Bank of India conducted an overnight variable rate reverse repo auction with a notified amount of 75,000 crore rupees.
L&T Finance, Bajaj Finance Win Upgrades As UBS Sees Fresh Personal Loan Boom Ahead
UBS upgraded L&T Finance and Bajaj Finance and reiterated ratings for other financial services companies.
Money Market Operations as on September 19 2026
The Reserve Bank of India reports money market and liquidity operations for September 19, 2026.
SBI changes ATM cash withdrawal rules starting October 1
State Bank of India is revising its ATM cash withdrawal charges for Basic Savings Bank Deposit account holders effective October 1.
PLD Bank in Kumta ranks first in the state for loan recovery
The Primary Cooperative Agriculture and Rural Development Bank in Kumta achieved the top position in the state for agricultural loan recovery.
Juttanahalli Cooperative Society earns 6.77 lakh profit
The Juttanahalli Primary Agricultural Credit Cooperative Society reported a profit of ₹6.77 lakh for the current financial year.
Chindenahalli Cooperative Society Records 2 Lakh Rupee Profit
The Chindenahalli Agricultural Credit Cooperative Society has returned to profitability, recording a 2 lakh rupee profit under its new management.
Cooperative societies are necessary for rural economic development: H.T. Manju
Legislator H.T. Manju inaugurated the annual meeting of the Haralahalli Primary Agricultural Credit Cooperative Society, emphasizing the importance of loan repayment for the sustainability of cooperative societies.
Ranebennur Primary Agricultural Cooperative Society receives award
The Ranebennur Primary Agricultural Cooperative Society received an award for excellent service from the Karnataka Central Cooperative Bank.
Karnataka Vikasa Credit and Multipurpose Cooperative Society declares 11 percent dividend
The Karnataka Vikasa Credit and Multipurpose Cooperative Society has announced an 11% dividend distribution for its members following a net profit of ₹33.05 lakh in the 2025-26 fiscal year.
Hotel Owners Credit Cooperative Society hosts Sahakara Mitra awards ceremony
The Hotel Owners Credit Cooperative Society held its annual meeting and presented Sahakara Mitra awards in Mysore.
Surapura Urban Credit Society announces annual profit of 58 lakh
Surapura Urban Credit Co-operative Society reported an annual profit of over ₹58 lakh and declared a 20 percent dividend for shareholders.
Bhatkal Gopalakrishna Cooperative Bank reports 1.22 crore profit
Shri Gopalakrishna Cooperative Credit Society in Bhatkal announced a net profit of ₹1.22 crore for the 2025-26 financial year.
Primary Agriculture and Rural Development Bank reports ₹50.5 lakh net profit
The Primary Agriculture and Rural Development Bank in Kadur reported a net profit of ₹50.5 lakh for the 2025-26 fiscal year.
Bharathi Society records 60.76 lakh rupees net profit
Bharathi Credit Co-operative Society reported a net profit of 60.76 lakh rupees for the 2025-26 fiscal year.
Muttinakoppa PACS annual meeting, 8.07 lakh net profit
The Muttinakoppa Primary Agricultural Credit Cooperative Society reported a net profit of 8.07 lakh rupees for the 2025-26 financial year.