Author: admin@thebankingtimes.in
-
No More PIN! UPI Payments to Go Biometric from October 8
Starting October 8, UPI users in India can approve payments using facial recognition and fingerprints linked to Aadhaar, replacing the traditional PIN system. The RBI-backed feature, developed by NPCI, will be showcased at the Global Fintech Festival in Mumbai. It promises faster, safer, and PIN-free transactions for millions of users.
-
CBI Custody for EMI Transmission Director in ₹739 Crore Bank of Baroda, UBI & SCB Fraud Case
A special court in Mumbai has remanded Sanjiv Rasiklal Sheth, director of EMI Transmission Ltd, to CBI custody till October 8 in connection with an alleged ₹739.20 crore bank fraud. The CBI alleges Sheth manipulated financial statements to obtain excess loans and diverted funds abroad, including to Dubai-based entities. The court held A Mumbai Special…
-
World Bank Lifts India’s FY26 Growth Forecast to 6.5%, Trims FY27 Outlook
The World Bank raised India’s FY26 GDP forecast to 6.5% from 6.3%, citing strong consumption and GST reforms, while lowering FY27 to 6.3% due to higher US tariffs on exports. Despite external headwinds, India is expected to remain the world’s fastest-growing major economy and the largest source of future energy demand.
-
The Ministry of Education has mandated Zoho Office Suite for official work under Atmanirbhar Bharat.
The Ministry of Education has mandated Zoho Office Suite for official work under Atmanirbhar Bharat. Here’s how Zoho’s homegrown apps like Zoho Mail, Writer, Sheet, and WorkDrive stack up against global giants Google Workspace and Microsoft Office
-
How to Buy 200g Gold with Rs. 10 Lakh Using a Bank Loan
Buying 200 grams of gold worth Rs. 23 lakh may seem impossible with only Rs. 10 lakh in hand, but a gold loan makes it achievable. By pledging the ornaments with a bank and repaying within 2–3 years, you can secure gold today for future needs like marriage, while keeping interest costs under control.
-
7 Common Types of Income Streams Explained for Wealth Building
From salaries and business profits to dividends, rent, and royalties, income comes in many forms. Understanding the seven key income streams — Earned, Profit, Interest, Dividend, Rental, Capital Gains, and Royalty — can help you diversify, reduce risks, and build long-term financial security.
-
Bank of Baroda Reports 10.47% YoY Growth in Global Business, Advances Cross Rs. 12.79 Trillion
Bank of Baroda announced a 10.47% year-on-year growth in global business to Rs. 27.79 trillion as of September 30, 2025. Global advances rose 11.90% to Rs. 12.79 trillion, while deposits grew 9.28% to Rs. 15 trillion, with retail advances showing the strongest growth at 17.56% YoY.
-
RBI Fines HDB Rs. 4.20 Lakh for Not Collecting PAN/Form 60 – Why Form 60 Matters
The Reserve Bank of India has penalised HDB Financial Services Limited Rs. 4.20 lakh for disbursing loans without collecting PAN or Form 60 in some cases. RBI stressed that PAN or Form 60 is crucial for verifying customer identity, linking transactions to tax records, and ensuring regulatory compliance under the KYC framework.
-
States to Borrow Rs. 2.81 Trillion from RBI in Next 3 Months – Check Your State’s Plan
The Reserve Bank of India has released the indicative calendar for State and Union Territory market borrowings in October–December 2025, projecting Rs. 2,81,865 crore through weekly auctions. Final amounts and participants will be confirmed 2–3 days before each auction, based on requirements, approvals, and market conditions.
-
RBI Chooses FIDC as Self-Regulatory Organisation(SRO) for NBFCs
The Reserve Bank of India has picked the Finance Industry Development Council (FIDC) to act as a self-regulator for Non-Banking Financial Companies (NBFCs). This means FIDC will help set rules, improve standards, and act as a link between NBFCs and RBI. Two other applicants were rejected for not meeting the requirements.