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...
RBI Allows AU Small Finance Bank to Become Universal Bank; NOFHC Requirement Dropped for...
AU Small Finance Bank wants to convert from a Small Finance Bank into a Universal Bank (a full-service bank like big private banks). A...
Blackstone Cleared to Invest Up to 9.99% in Federal Bank After RBI Approval
Federal Bank has got permission from the RBI to let Blackstone, a big global investment company, buy nearly 10% of the bank. Blackstone will...
ICICI Bank To Pay Over ₹1 Crore in SIM Swap Cyberfraud Case
On 31 July 2025, the tribunal (legal panel) ordered Vodafone and ICICI Bank to jointly pay over Rs 1.20 crore (compensation + penalties) to...
Bankers asked RBI To Make SORR As Overnight Benchmark
Bank officials have asked RBI to use the Secured Overnight Rupee Rate (SORR) as the main rate for overnight transactions. Currently, banks are using...
SMS Alerts Won’t Be Free: Kotak Mahindra Bank to Levy Fees from Dec 2025
Starting December 1, 2025, Kotak Mahindra Bank will charge 15 paise (₹0.15) for every transaction SMS alert (like when you send money through UPI,...
₹4,500 Crore Mega Deal! Kotak Mahindra Bank Likely to Acquire Deutsche Bank’s Retail Operations
Kotak Mahindra Bank is planning to buy the retail (individual customer) business of Deutsche Bank in India for about ₹4,500 crore. As per The...
RBI’s new measures to improve liquidity in the banking system
The Reserve Bank of India (RBI) has announced new steps to ease the tight liquidity (cash) situation in banks. It will carry out OMO...
World Bank Lowered India’s Growth Prediction for 2025-26 to 6.3%.
The World Bank revised India’s expected economic growth for 2025-26 from 6.7% to 6.3% which is 0.4% (or 40 basis points) lower than their...
₹160 Crore Mystery: Kotak Mahindra Bank Faces Fraud Allegations in Panchkula Municipal Corporation Case
Kotak Mahindra Bank is involved in a possible fraud case related to Panchkula Municipal Corporation (a local government body in Haryana). As per reports,...
