New Income Tax Forms for 2026 Announced; Income Tax Act, 2025 to Replace 1961...
India is set to undergo a major transformation in its tax system after more than 60 years. The country is introducing a completely new...
ATM Usage to Change: Banks Announce Updated Rules Effective April 1
Banks like HDFC Bank, Punjab National Bank (PNB), and Jio Payments Bank are updating their ATM rules from April 1, 2026. These changes will...
One State One RRB To Be Implemented Soon
The Finance Ministry is ready to implement "One State-One RRB" in which 15 Regional Rural Banks (RRBs) operating in various states will be merged....
How Much Do PSUs Spend on Recovery Agents? SBI Refuses to Disclose
Several PSUs Banks in India engage private recovery agents to recover unpaid loans from borrowers. These agents are often accused of using harsh and...
India-Pakistan Tensions Rise; Finance Minister Meets with Financial Sector Heads
On 9th May, 2025 Finance Minister Nirmala Sitharaman held a meeting to review the cybersecurity readiness of banks and financial institutions. The goal is...
RBI announced Shri Indranil Bhattacharyya as a New Executive Director
Shri Indranil Bhattacharyya is appointed as a New Executive Director by RBI, starting March 19, 2025. Highlighted points of the announcement:
Role of Shri Indranil...
Unclaimed Deposits in Indian Banks Climb to ₹67,003 Crore
By the end of June 2025, RBI stated that all banks in India including public sector and private banks together held ₹67,003 crore in...
Growing Uncertainty Drives Wealthy Americans to Open Swiss Bank Accounts
Rich Americans are transferring large sums of money out of the country. This money is being transferred to countries like Switzerland, Jersey and Guernsey....
Mumbai Cops Arrested 3 for Operating Fake Accounts Under ‘Ladki Bahin’ Scam
Mumbai Police arrested 3 people for a fake bank account scam linked to cyber fraud and money laundering. The accused opened bank accounts in...
RBI Steps In: New Relief Measures for Exporters Facing Tariff Pressures and Their Lenders
The Reserve Bank of India (RBI) has introduced special relief measures to help exporters who are struggling because of higher global tariffs and trade...
