Category: Banking

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…

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.

From October 1, 2025, Aadhaar update charges have been revised. Biometric updates now cost Rs 125 (up from Rs 100) and demographic/card updates cost Rs 75 (up from Rs 50). New enrolments remain free, while biometric updates for children aged 5–7 and 15–17 years are waived.

The Reserve Bank of India has introduced a one-year scheme (Oct 1, 2025 – Sept 30, 2026) to encourage banks to reactivate inoperative accounts and settle unclaimed deposits. Banks will receive payouts up to 7.5% (capped at Rs 25,000) per account, helping them revive customer relationships, reduce dormant balances, and improve compliance.

Paytm (One97 Communications) shares rose 2% on Wednesday after the Reserve Bank of India (RBI) clarified that there are no current plans or proposals to impose any fees or charges on Unified Payments Interface (UPI) transactions.&nbsp;</p> <p>In a post-policy press conference, RBI Governor Sanjay Malhotra said that UPI payments will continue to be free for…

The Reserve Bank of India has directed fintech firm Simpl to immediately halt all payment operations for operating without authorisation under the PSS Act, 2007. The move follows ED proceedings alleging ₹914 crore foreign exchange irregularities. Simpl, backed by global investors and partnered with 26,000 merchants, now faces regulatory and compliance hurdles.

The Reserve Bank of India has permitted State and Central Co-operative Banks to invest up to 5% of their owned funds in NABARD’s Shared Service Entity, Sahakar Sarathi. The move, exempt from non-SLR prudential limits, is expected to modernize co-operative banking with digital services like UPI, AEPS, cybersecurity, and CBS support, helping rural banks compete…

The Enforcement Directorate has filed a chargesheet against Raj Kundra, alleging he was the beneficial owner of 285 Bitcoins worth ₹150 crore received from late crypto-scam mastermind Amit Bhardwaj. The ED claims Kundra concealed wallet details, failed to surrender the Bitcoins, and carried out sham transactions with his wife Shilpa Shetty to disguise the funds.…

Former CFO Gobind Jain has alleged that IndusInd Bank’s accounting irregularities in its derivatives portfolio date back to 2015. Despite repeated calls for an external audit, the bank delayed disclosures until March 2025, when it admitted nearly ₹2,000 crore in one-time losses. Law enforcement agencies are now probing insider trading and regulatory violations.

Hitesh Singla, a suspended Bank of India officer, allegedly siphoned ₹16.10 crore from vulnerable customer accounts between 2023 and 2025. He diverted funds from fixed deposits, PPFs, and senior citizen schemes, before losing nearly all of it in stock market F&O trades, crypto, and online gambling. Arrested in a moving train in Gujarat, Singla is…