The Hindu Businessline

The proposed MDR (merchant discount rate) regime for UPI transactions aims to make the UPI ecosystem, a self-sustaining platform, while ensuring the impact on users is negligible

The pre-emptive move is designed to ensure that the RBI gets an opportunity to present its arguments before any court grants interim relief to Tata Sons

The SEBI-registered Category I merchant banker completed its first mainboard assignment with the 460 crore IPO of Deepa Jewellers

The committee is expected to meet this Friday to evaluate the available options in light of the Supreme Courts spectrum judgment and the subsequent dismissal of the review petition

Varma to lead brand, digital, customer experience and AI enablement

The clarification comes after Parliament amended the Payment and Settlement Systems Act to enable MDR on UPI and other electronic payments

The expectations came a day after official data showed consumer price inflation rising to 4.82% in August from July's 4.45%

Varma to lead brand, digital, customer experience and AI enablement

The consultations come after India changed its payments legislation on Monday, allowing firms to charge transactions of more than 2,000

The central bank received bids worth 3,93,352 crore, for a notified amount of 5 lakh crore. It accepted all bids at a cut-off and weighted average rate of 5.24 per cent

2031 yield jumps 16 bps; Citi sees 50-75 bps of rate hikes starting in October amid oil and inflation risks

RBIs broader policy focus likely to remain on managing domestic liquidity and foreign exchange conditions

A government gazette notification specifies that no bank or system provider shall impose any direct or indirect charge on a person making or receiving payments through RuPay-powered debit cards and UPI transactions of up to 2,000

The next meeting of the Monetary Policy Committee (MPC), the RBI's rate-setting panel, is scheduled for October 5-7, 2026

In the wake of the aforementioned development, IBBI has planned four amendments, includingexclusion of related parties of the guarantor from voting on the repayment plan;and recording of creditors deliberations on the repayment plan

The Boards move to find a replacement for Jagdishan follows his late August decision to not seek his re-appointment as the MD & CEO of the Bank.

The petitioners argued that the asset under consideration was not the spectrum itself but the legally enforceable right to use spectrum

The 18,268 crore infusion for a stake of a little less than 50% will come in by December once all regulatory approvals from the RBI and the Competition Commission of India are in place

The lender is currently in the process of seeking approval from its board for the proposed subsidiaries or joint ventures, following which other necessary processes will be initiated

UPI is free, but not costless: Subbarao

The RBIs decision, announced recently, means that Tata Sons will remain classified as a NBFC in the Upper Layer, which mandates a listing within three years.

This decision comes after Jagdishan announced he would not seek a third term amid ongoing controversies surrounding the banks leadership.

The proposed framework sets out timelines for banks to identify suspicious transactions, notify customers, examine explanations and remove debit holds

Collaboration aims to support a more integrated and customer-centric digital payments environment

For fintechs, the developments could mean that competition will increasingly move beyond payment processing and towards the quality of the overall customer and merchant experience

CPI inflation showing incipient signs of generalisation and global bond yields inching past decadal highs.

In FY 2025-26, UPI processed about 24,162 crore transactions worth about 314 lakh crore around 85 per cent of Indias digital payment transactions by volume

Finance Minister calls for stronger global safeguards and greater accountability as agentic AI systems gain real-world influence

India's banking system is flush with surplus cash after lenders raised a much larger-than-expected $127 billion under the RBI's special forex mobilisation scheme

The Latest Fixed Deposit Interest Rates: Sep 11, 2026

The Latest Home Loan Interest Rates: Sep 11, 2026

The three-way integration connects Suryodays deposit products, SprintMoneys Financial Marketplace technology, and Hitachis ATM infrastructure

The shift comes against the backdrop of nearly 590 million PMJDY accounts , more than 54% per cent of which are held by women, with a large proportion of customers coming from Tier-3 tier 3 and tier 4 Tier-4 areas, according Rama Mohan Rao Amara, while speaking at the Global Fintech Fest 2026 in Mumbai on Friday

The growing interest is partly driven by GIFT Citys unified regulatory architecture, which allows payment companies to serve multiple financial-services businesses without having to navigate separate regulators, said IFSCA executive director Dipesh Shah

Launch comes against backdrop of rising digital payment fraud in India, which crossed 21,367 crore in FY2025

Some of the surplus liquidity in the banking system would be withdrawn over time through foreign exchange interventions and banks' reserve requirements

Paramotor operates platforms including SpendPro, yayyy.shop, RewardOn and DevStack

The card, available nationwide to eligible IndusInd Bank business customers, draws real-time from OD or CC accounts for both online and offline payments

Central banks decision to limit bond sales amid rising yields signals potential shifts in monetary policy, as geopolitical tensions and U.S. economic data influence global market dynamics.

Sberbank has been using surplus rupees to support liquidity, including investments in Indian government securities. Talking about bilateral trade settlement in rupee terms

BRICS experts in New Delhi advocate for enhanced banking ties and local currency trade to boost economic cooperation and reduce costs

State-run banks were spotted offering dollars, most likely on behalf of the RBI, the traders said

The legislation raises the threshold for summoning bank officials while enabling courts to access banking records in genuine cases with specific reasons

In Aparajita, Bhattacharya reflects on bias, women and Gen Z. Her leadership lesson: persistence gets you there; humility keeps you relevant

Digital borrowing is expanding beyond major cities, though consumers continue to rely primarily on savings when facing immediate cash shortfalls

Customers may face disruptions to banking operations as the strike coincides with a weekend and holidays in several states

A firm that engages transparently not only earns regulatory goodwill but also gains faster, more durable pathways to scale. On the other hand, a firm that seeks to outrun the rules realises that the rules catch up, sooner or later, and at a much higher cost to itself and to the trust of the customers it serves, says Sanjay Malhotra

With a robust regulatory framework and innovative payment solutions, Pay10 empowers Indian businesses to seamlessly engage in global trade while enhancing local transaction efficiency

GST Smart uses GST filings to support faster credit decisions within the banks existing policy and approval framework

Surplus liquidity in banking system at about 10.50 lakh crore as on September 9, the SBI Chair