Author: admin@thebankingtimes.in
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India’s IPO market set to raise $8 billion in record year-end rush
India’s equity market is set to raise up to $8 billion through IPOs in the final quarter of 2025, investment bankers say, with Tata Capital and LG Electronics India among the top firms launching share sales this month. That would make the October–December quarter the second busiest on record, trailing only the same period last…
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ITR still not processed? Know Why Delayed and What Now to Expedite Refunds!
Filing the IncomeTax Return (ITR) is only the first step in the annual compliance ritual. For millions of taxpayers across India, the real relief comes when the return is “processed” by the Income Tax Department and, where applicable, the refund lands in the bank account. Yet, every year, many find themselves in limbo! Return filed,…
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Government hikes DA to 58% for central staff, Rs 10,084 crore boost ahead of Dussehra
Union Minister G Kishan Reddy on Wednesday announced that the Union Cabinet has approved an additional instalment of Dearness Allowance (DA) for central government employees and pensioners from July 1, 2025. Festive relief for employees Calling it a “festive gift” to government staff, Reddy said, “Under the visionary leadership of Hon’ble PM Shri Narendra Modi…
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SBI Card to Charge 1% Fee on Education Payments via Apps Like CRED, Cheq From Nov 1
From November 1, 2025, SBI credit cardholders will pay a 1% fee if they use apps such as CRED, Cheq, or MobiKwik to pay school or college fees. Direct payments on official institution websites or POS machines remain free. Wallet loads above ₹1,000 will also attract a 1% fee, while existing charges like late fees…
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Govt Names Asheesh Pandey as Union Bank CEO, Kalyan Kumar to Lead Central Bank of India
The government has appointed Asheesh Pandey, Executive Director at Bank of Maharashtra, as MD & CEO of Union Bank of India for three years. Kalyan Kumar, currently with Punjab National Bank, will take over as MD & CEO of Central Bank of India after M.V. Rao’s retirement in July 2025. Both appointments were cleared by…
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RBI Tightens Digital Payment Security: New Authentication Rules from April 2026.
From April 1, 2026, all digital transactions in India must use at least two authentication factors, with one being dynamic like biometrics or tokens. The move reduces dependence on SMS OTPs, introduces risk-based checks, and ensures full customer compensation if banks fail to comply. Cross-border card transactions will get added safeguards by October 2026.
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RBI Loan Rule Change: Faster Rate Cuts Possible, Fixed-Rate Switch Now Bank’s Choice
From October 1, 2025, RBI has allowed banks to reduce loan spreads on floating-rate loans earlier than the 3-year lock-in, helping borrowers get quicker EMI relief when policy rates fall. The option to switch to fixed rates at reset will now depend on each bank’s policy, giving borrowers more flexibility but also requiring them to…
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RBI Clears Gold & Silver Loans for Businesses, Bars Investment Financing
The Reserve Bank of India has amended its 2025 gold and silver lending rules, allowing banks and select co-operative banks to provide working-capital loans to businesses using gold or silver as raw material. However, loans for purchasing gold, jewellery, coins, or gold-backed ETFs and mutual funds remain prohibited, ensuring credit flows only to productive sectors…
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RBI Announces Special CTS Clearing on October 3 Ahead of Continuous Clearing Rollout
The Reserve Bank of India has scheduled a special clearing session in the Cheque Truncation System (CTS) on October 3, 2025, to facilitate the shift to continuous clearing from October 4. Regular sessions will be suspended for the day, with cheques processed only through special presentation and return windows. This move ensures faster realisation, smoother…
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RBI Eases Gold Loan Norms, Allows Early Spread Cuts on Floating-Rate Loans
The Reserve Bank of India has announced regulatory changes effective October 1, 2025, allowing banks to reduce spreads on floating-rate loans before the 3-year lock-in, easing gold/silver loan rules, and raising offshore Tier-1 capital limits. Four draft proposals—including longer gold metal loan repayment and weekly credit bureau reporting—are open for public comments until October 20.