India’s rapid digital transformation has made financial transactions faster and more convenient, but it has also led to a sharp rise in online fraud cases. Over the past decade, digital payments have grown exponentially, with platforms like Unified Payments Interface becoming a part of everyday life. However, this growth has been accompanied by a surge in fra

In a major step forward in one of India’s most closely watched financial crime cases, fugitive businessman Nirav Modi could soon be extradited from the United Kingdom, according to senior government sources familiar with the matter. Officials indicate that the process has entered its final phase, with operational preparations now underway to facilitate his return to India. Teams from In

On April 8, 2026, India’s stock markets experienced a remarkable surge, with the BSE Sensex climbing over 2,700 points, marking a 3.66% increase, and the Nifty rising by more than 3.4%. Investor wealth swelled by over Rs 14 lakh crore during the early trade, signaling a sharp recovery after a period of volatility. This rally was fueled by multiple factors, including easing global geopolitical tensions, softer crude prices, and an increase in investor confidence. The biggest trigge

India’s financial sector has been grappling with the persistent issue of mis-selling, especially in the realm of banking and insurance products. In a recent statement, Finance Minister Nirmala Sitharaman addressed the ongoing concern, declaring that banks cannot treat mis-selling as a routine part of their business. She went as far as to say that mis-selling is an "offence," sending a clear message to financial institutions that such practices will not be tolerated. Her remarks came at a pr

Bank of India’s Mumbai North Zone recently organised an NRI Meet titled “Pravasi Sampark” as part of its ongoing efforts to deepen engagement with Non-Resident Indian customers and better understand their evolving banking, investment, and remittance requirements. The initiative reflects the bank’s focus on strengthening long-term relationships with the global Indian diaspora by offering customer-centric and technology-driven financial solutions. The event was attended by sen

As the calendar turns to a new year, New Year’s Day remains a federal holiday across the United States, bringing widespread closures for government offices, schools, banks and financial markets. At the same time, many major retailers and grocery chains plan to welcome customers on January 1, 2026, often with adjusted hours and post-holiday discounts aimed at clearing older inventory. Shoppers and consumers are encouraged to confirm local schedules in advance, as operating hours can vary by

The Reserve Bank of India has reduced the repo rate by 25 basis points, bringing it down from 5.5% to 5.25%. This marks a total reduction of 125 basis points in 2025, sparking fresh hope among homebuyers for affordable loan EMIs as banks prepare to revise lending rates. The Monetary Policy Committee (MPC), which met on December 3, 4 and 5, voted unanimously after assessing inflation control, liquidity status and growth expectations. Governor Sanjay Malhotra confirmed the move, addin

The Reserve Bank of India has rolled out a new framework aimed at simplifying and expediting the process of claim settlement for deceased account holders. This step comes after years of confusion caused by different practices adopted by banks, often leaving grieving families struggling with lengthy procedures and paperwork. The new rules mandate that banks must settle claims related to accounts and lockers of deceased customers within 15 days. In addition, nom

A massive nationwide strike, known as the Bharat Bandh, is set to paralyze India’s public services today, with over 25 crore workers from essential government sectors participating in the protest. The strike, organized by a joint forum of 10 central trade unions, supported by farmer and rural worker organizations, is aimed at protesting the central government’s policies, which they consider "anti-worker, anti-farmer, and pro-corporate

Starting July 1, 2025, several important changes in the financial sector will come into effect, impacting individual taxpayers, bank customers, and railway travelers. These changes include new regulations for Aadhaar-PAN linking, increased banking fees, and adjustments in railway ticket prices. Below are some of the key updates that individuals should be aware of: Aadhaar-PAN Linking

European bank stocks are enjoying a notable upswing, with both Barclays and Deutsche Bank shares reaching their highest levels in over a decade. This rally is being fueled by a combination of easing geopolitical tensions, signs of improving global trade relations—particularly between the United States and China—and robust first-quarter earnings, especially from investment banking divisions. Barclays, one of the UK’s leading financial institutions, has seen its

In a move reflecting the Reserve Bank of India’s latest policy stance, the State Bank of India (SBI) has reduced interest rates on both savings accounts and fixed deposits (FDs), effective from June 15, 2025. This rate revision is expected to impact millions of depositors across the country, as banks realign with softer monetary cues from the central bank. SBI has cut its savings account interest rate by 5 basi

Mumbai's financial sector has witnessed a significant recalibration as a once-popular deposit product—the Japanese yen (JPY)-linked special deposit—loses momentum following regulatory scrutiny and shifting bank strategies. These fancy financial instruments, heavily marketed to attract non-resident Indian (NRI) funds and appease analysts with attractive yield spreads, are now undergoing a correction. The Reserve Bank of India (RBI) has reportedly advised certain banks to ensure

The Reserve Bank of India (RBI) has introduced a new initiative to connect more directly with the public by launching an official WhatsApp channel. This development is part of the central bank’s broader commitment to enhancing public awareness and making important financial and banking information accessible to every citizen, particularly those in rural and semi-urban areas who might not have regular access to official websites or traditional media. The initiative falls under the RBI&rs

India’s banking sector is projected to witness a year-on-year credit expansion of ₹19 lakh crore to ₹20.5 lakh crore in FY2025-26, amounting to a growth of approximately 10.8%, according to a report by ICRA, a leading credit rating agency. This expansion is expected to be driven by recent monetary easing measures implemented by the Reserve Bank of India (RBI), though structural challenges in deposit mobilisation and rising credit-deposit ratios may temper growth momentum. According to

As the new financial year begins on April 1, 2025, taxpayers, investors, and banking customers in India must prepare for several important changes in financial regulations. These reforms, previously announced by the government and regulatory bodies, are aimed at improving compliance, digital security, and financial transparency. Here’s a simple breakdown of the key changes that come into effect starting April 1.   1. Higher Income Tax Exemption Limit

Imagine racing to make an urgent fund transfer on March 31, only to find that your bank is open, but critical transactions aren’t going through. That could be a reality for many this year, as March 31, 2025, marks the last day of the financial year—and it comes with banking limitations that could impact individuals and businesses alike. While banks across India will remain operational on March 31, customers should be aware that many essential financial services may not function as