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Apple is advancing plans to launch Apple Pay in India by mid-2026 through discussions with ICICI Bank, HDFC Bank, Axis Bank, Visa, and Mastercard. The service will integrate India’s dominant UPI system with card-based payments, using Face ID or Touch ID for secure tap-to-pay transactions.
Soaring gold prices are fueling a balance sheet windfall for smaller private and PSU banks like CSB Bank, Karur Vysya Bank, and City Union Bank, where gold loans form 20-50% of their portfolios. These lenders benefit from robust growth, improved margins, better asset quality.
IDFC First Bank disclosed a ₹590 crore fraud tied to unauthorised transfers, led by branch staff in Chandigarh. The incident triggered a stock decline and heightened scrutiny of internal controls, governance and regulatory responses. Bank management emphasised ongoing investigations and measures to restore trust.
The Reserve Bank of India (RBI) is rolling out refined versions of ₹100 and ₹500 notes featuring improved printing precision, ink durability, sharper watermarks, clearer security threads, and enhanced micro-lettering to deter fakes and extend note lifespan.
Over the past year, State Bank of India (SBI) shares have jumped nearly 70%, significantly narrowing the valuation gap with key private sector peers like HDFC Bank and ICICI Bank. Fundamentals such as improved asset quality, stronger return ratios and consistent earnings growth have helped drive the rally.
Bharat Bandh -Here’s the Real Status of Chennai, coimbatore; Confusion spread nationwide after bank unions joined the February 12 Bharat Bandh protest over new labour laws. SBI, Bank of Baroda and UCO Bank clarified operations — banks are open, but services may face temporary disruption. பாரத் பந்த் காரணமாக இன்று வங்கிகள் மூடப்பட்டதா என்ற கேள்வி நாடு முழுவதும் பரவியது. SBI, Bank of Baroda, UCO Ban
பான் கார்டு குறித்த முக்கிய விதிகள் வெளியாகி உள்ளது. இது குறித்த தகவல்களை இங்கே சற்று விரிவாகப் பார்க்கலாம். | PAN Card Made Mandatory Under Newly Released Income Tax Draft Rules: check details
Reserve Bank of India Governor Sanjay Malhotra stated that the RBI is “very comfortable” with gold loan outstandings in the financial system, despite recent sharp fluctuations in gold prices. He highlighted that loan-to-value (LTV) ratios are maintained well below the 85% regulatory limit, typically under 70%.
The Reserve Bank of India has quietly lifted the ₹2.5 lakh crore overall limit under the Voluntary Retention Route (VRR), allowing foreign portfolio investors to bring in unlimited long-term capital into government securities, corporate bonds, treasury bills, SDLs, NCDs, and commercial papers. Investors must retain 75% of funds for three years to enjoy relaxed rules.
BIG Bank: India is preparing a major overhaul of its banking sector as the government considers raising foreign direct investment in public sector banks from 20% to 49%. Backed by a new High-Level Banking Committee under the “Viksit Bharat 2047” vision, the move aims to create fewer but stronger global-scale banks. Increased foreign capital could boost balance sheets, improve competitiveness, and
