Latest banking updates, in-depth research articles, operational procedures, and scheme explainers — for professionals and informed customers.
The Government of Kerala has already notified the 2027 holidays for banks under the Negotiable Instruments Act, 1881 through G.O. (P) No. 20/2026/GAD dated 18 September 2026, published in the Kerala Gazette Extraordinary on 18 October 2026. Kerala – Bank Holidays under NI Act, 2027 No. Holiday Date Day 1 Mannam Jayanthi 2 January 2027…
Manipur — 2027 Manipur’s Gazette notification, issued on 22 October 2026 and published on 27 October 2026, lists 22 NI Act public holidays for 2027 as under. Date Day Holiday 01 Jan 2027 Friday New Year’s Day 19 Jan 2027 Tuesday Imoinu 20 Jan 2027 Wednesday Gaan-Ngai 26 Jan 2027 Tuesday Republic Day 15 Feb…
Tamil Nadu G.O. (Ms.) No. 613, dated 6 October 2026, declares the following NI Act public holidays for state government offices and all commercial and co-operative banks. Date Day Holiday 01 Jan 2027 Friday New Year’s Day 15 Jan 2027 Friday Pongal 16 Jan 2027 Saturday Thiruvalluvar Day 17 Jan 2027 Sunday Uzhavar Thirunal 22…
Odisha State’s Revenue & Disaster Management Department notification No. 44048/R&DM, dated 30 October 2026, declares 20 public holidays for banks and banking institutions under Negotiable Instrument Act 1881. Date Day Holiday 14 Jan 2027 Thursday Makar Sankranti 26 Jan 2027 Tuesday Republic Day 11 Feb 2027 Thursday Basanta Panchami 06 Mar 2027 Saturday Maha Shivaratri…
The Reserve Bank of India (RBI) has issued amended directions on the conduct of regulated entities in recovery of loans and engagement of recovery agents, creating a more uniform and borrower-protective framework. The directions consolidate earlier instructions and strengthen requirements relating to recovery agents, borrower communication, data protection, training and grievance redressal. Effective from January…
Updated on August 6, 2026 Interest rates on bank deposits vary across institutions in India. To help you stay informed, we’ve compiled the latest deposit interest rates offered by all public sector banks and leading private sector banks. In the lists below, banks are arranged alphabetically under their respective categories —Public Sector Banks and Private…
India’s digital payments landscape may be heading towards a significant policy change. A Bill introduced in Parliament by the Ministry of Finance proposes amendments to the Payment and Settlement Systems Act, 2007, creating a legal framework that would enable the government to prescribe Merchant Discount Rate (MDR) for UPI and other electronic payment systems. While…
Indian banks have reportedly proposed introducing a simple “Yes-No” confirmation prompt for high-risk UPI person-to-person (P2P) transfers as an additional safeguard against rising digital payment frauds. The proposal seeks to strike a balance between maintaining UPI’s hallmark speed and convenience while providing customers with an opportunity to verify suspicious transactions before funds are credited to…
The Monetary Policy Committee (MPC) met on the 3rd, 4th and 5th of June to deliberate and decide on the policy repo rate. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at…
In its Press Release dated April 8, 2026, the Reserve Bank of India (RBI) outlined a series of significant developmental and regulatory policy measures aimed at enhancing efficiency, reducing compliance burdens, and strengthening the financial ecosystem. Below is a structured overview of the key announcements: I. Banking Regulation 1. Relaxation in CRAR Computation Norms The…
The Monetary Policy Committee (MPC) met on April 6, 7, and 8 to deliberate on the policy repo rate. After a detailed assessment of evolving macroeconomic and financial conditions, as well as the broader outlook, the MPC unanimously decided to keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.25%. Accordingly,…
India’s ATMs are evolving rapidly to ensure uninterrupted service amid power challenges. Combining Uninterrupted Power Supply (UPS) technology with NPCI’s Interoperable Cardless Cash Withdrawal (ICCW)—UPI-based ATM withdrawals—banks now offer cardless cash access even during blackouts. Launched in 2020 and scaled by 2025, ICCW lets users withdraw via apps like Google Pay, PhonePe, Paytm, or BHIM,…
