World Bank Raises India Growth Forecast to 6.6%
The World Bank has raised its forecast for India’s economic growth in FY2026-27 to 6.6%, from an earlier 6.3%, citing
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BANKING
Indian Economy Resilient Despite Rising Global Risks: RBI
India’s economy continues to show resilience despite a more challenging global environment, according to the Reserve Bank of India’s September
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India’s Financial Growth Hinges on Household Savings and Trust
India’s next phase of financial development will depend not only on deeper capital markets but also on bringing a larger
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RBI, FinMin Ask Banks to Ensure ATM Cash
The Reserve Bank of India (RBI) and the Finance Ministry have asked banks to ensure adequate cash availability at ATMs,
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UPI Payments Under ₹2,000 Remain Free
Banks cannot impose charges on Unified Payments Interface (UPI) transactions of up to ₹2,000, according to the government, reinforcing the
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India Eases Rupee Trade Rules
India has eased rules for rupee-based export payments as part of efforts to expand the use of the domestic currency
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UPI Transaction Growth Slows to 23.5% in FY27
Growth in transactions through India’s Unified Payments Interface (UPI) has moderated during the first four months of FY27, even as
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Lok Sabha Clears Bill Enabling UPI Charges
The Lok Sabha has passed the Taxation and Other Laws (Amendment) Bill, 2026, which includes amendments creating a legal framework
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RBI to Wind Up Paytm Payments Bank
The Reserve Bank of India (RBI) has said that the operations of Paytm Payments Bank Limited (PPBL) will be wound
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Experts Urge National Response to AI-Enabled Cyber Risks in Banking
As artificial intelligence (AI) becomes increasingly integrated into banking operations, experts warn that AI-driven cyber risks could threaten financial stability
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