IBTimes

SBI will allow four free branch cash withdrawals monthly from basic savings accounts. Additional withdrawals will cost Rs 15 per transaction plus GST from October 1.

RBI Deputy Governor Shirish Chandra Murmu said. India currently has 176 billion banknotes in circulation, while the RBI produces 28-30 billion notes annually. The central bank is also exploring measures such as surface coatings and polymer notes to increase the durability of currency and reduce the environmental impact of the cash cycle.

Gold was trading at Rs 1,55,470, down 0.30 per cent, while silver declined 0.96 per cent to Rs 2,35,763. Markets are now pricing in a higher chance of the US Federal Reserve keeping rates unchanged in September after weaker economic data.

Axis Bank will revise credit card rules from August 28, raising the DCC fee to 3.5 percent and limiting rewards on gift cards, road fees, bridges and toll payments.

The central bank urged lenders to identify risks linked to new products and technology-driven business models early, strengthen grievance redressal and comply with digital lending rules and the Digital Personal Data Protection Act. I

The Nifty 50 fell 0.09 per cent to 24,343.45, while the Sensex declined over 100 points to 77,892.92. Financial services, PSU banks and FMCG stocks led the decline, while chemicals and healthcare gained.