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INDIAN BANKS ASSOCIATION
Ministry of Finnace to engage with banks and traders to allay Merchant Discount Rate concernsIn an effort to shield consumers from additional Merchant Discount Rate (MDR) charges, the finance ministry is set to consult with the Indi...- Proposed 0.4% UPI merchant fee will not be passed to consumers: ReportGovernment sources clarified that the proposed merchant fee on UPI transactions above Rs 2,000 will not affect consumers. National Payments...
- Are banks working on Sunday, September 27, 2026? Confusion prevails as banks and unions differ on working day statusThe State Bank of India has announced that all its branches will be open on Sunday, September 27, 2026. Despite this, the All India Bank Of...
- High-level panel on banking likely by October-endIts composition is being finalised and is likely to include a former Reserve Bank of India (RBI) deputy governor, industry leaders from the...
- Bank Strike September 28-30: Why will banks remain closed for 3 days? Check services that may be affectedBank Strike September 28: UFBU has said its proposed nationwide bank strike from September 28 to 30 will go ahead after a conciliation meet...
- Bank strike on September 28, 29 and 30: As Finance Ministry appeals bank employees to refrain from strike, will three-day strike go on?The Finance Ministry is advising bank employees to refrain from a planned three-day strike initiated by the United Forum of Bank Unions. In...
- UPI charge is just tax collection: Ashneer Grover calls out government wanting to charge on payments above Rs 2,000 while banks are making crores in profitsBharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000...
- When ‘almost complete’ means years of waiting: How RERA extensions are pushing possession dates further away for homebuyersMany housing projects miss their completion dates and seek extensions. A MahaRERA analysis shows many projects have extension histories. Re...
- Stage being set for levying UPI transaction fee: Cong slams govtCongress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notif...
- Banking services hit as unions strike for five-day workweekA nationwide bank strike disrupted services at public sector banks on Friday as unions pressed for a five-day workweek and resolution of wa...
- Bank strike today September 11: PNB, Indian Bank, SBI, UCO, list of banks that may face disruptionsBank strike on September 11: Several major lenders have warned customers that branch and office services may be affected if employees join ...
- Bank unions announce September 11, 2026 strike; declare 3-day nationwide strike, demand five-day working weekBank unions across the nation are set to embark on a nationwide strike on September 11, 2026, advocating for crucial reforms in the banking...
- Bank unions announce strikes on September 11 over unresolved issuesThe United Forum of Bank Unions (UFBU), representing over 90% of India’s banking workforce, has announced strikes on September 11 and Septe...
- Festive surge drives UPI near record ₹29.8 lakh crore milestone across 24.5 billion transactionsIndia's UPI processed transactions near record highs in August, reaching ₹29.8 lakh crore. The platform handled a fresh record of 24.51 bil...
- Bank unions threaten nationwide strike on September 11 to press for 5-day banking, other demandsBank unions will strike nationwide on September 11 due to unresolved demands. This action follows a government 'negative attitude' towards ...
- Sitharaman asks public sector banks to get ‘cool’ for Gen Z with courses, lifestyle perksFinance Minister Nirmala Sitharaman wants public sector banks to appear more appealing to young customers. She urged banks to engage direct...
- Public sector banks have ‘considerable strength’, says FM Sitharaman; asks them to use it with ‘greater ambition’Finance minister Nirmala Sitharaman said public sector banks are operating with “considerable strength” and urged them to use it with “grea...
- Withdrawal of zero MDR may jeopardise one of India’s most successful public policy innovationsThe Payment and Settlement Systems Amendment Bill has revived debate over MDR on UPI. While charges could support banks and fintech firms, ...
- Banks welcome RBI's steady rates, see boost to credit growthThe Reserve Bank of India kept its benchmark repo rate steady at 5.25 percent. It also raised its economic growth forecast and lowered infl...
- Household savings rise to 21.7% of GDP in FY25: GovtHousehold savings increased to 21.7 percent of GDP in 2024-25. Government and RBI measures aim to boost incomes and financial security. RBI...
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