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RBI MINIMUM BALANCE CHARGES
HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank listHDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY...
5 credit cards with complimentary airport lounge access without any minimum spend criteria in 2026: One of them is lifetime freeLooking for credit cards with free airport lounge access? Check these 5 credit cards that still offer complimentary domestic or internation...
Sebi proposes simplified rules, lower investment floor for mutual fund PMSSebi has proposed lowering the minimum investment for mutual fund-only portfolio management services. The regulator suggests reducing this ...
Canara Bank to frontload ECL provisioning, plans ₹8,000 cr capital raiseCanara Bank will frontload expected credit loss provisioning within two years. The bank revised its provisioning projections upward to ₹12-...
ITC fraud worth Rs 74,782 crore detected in FY26; Maharashtra, Gujarat leadCentral GST officers detected over 30,000 input tax credit fraud cases in 2025-26. These cases involved approximately Rs 74,782 crore and l...
Minimum balance charges swell pvt banks' coffers by nearly Rs 5,000 cr in FY26Private banks collected over Rs 4,900 crore from account holders for minimum balance failures. Public sector banks also gathered Rs 2,100 c...
Macroeconomic fundamentals of Indian economy remain strong amid global challengesIndia's economy shows strong macroeconomic fundamentals and a resilient financial system. Robust domestic demand and healthy corporate bala...
Weak investments, higher oil prices to slow India's GDP growth to 6.6% in FY27: PollIndia's economic growth is projected to slow significantly this fiscal year. Private investment remains weak, and higher oil prices will im...
School Assembly News Headlines, July 28, 2026: Top national, international, business and sports updatesSchool Assembly News Headlines, July 28, 2026: From key developments in India's anti-paper leak law and Supreme Court observations on stude...
JC Flowers Asset Reconstruction Company in talks to merge into Assets CareJC Flowers Asset Reconstruction Company is in talks to merge with ACRE. This move would create one of the largest bad-loan aggregators in I...
Foreign capital inflows hit $32 billion as FCNR(B) deposits break 2013 recordIndia has attracted nearly $32 billion in foreign capital since the RBI announced special inflow measures on June 5, Governor Sanjay Malhot...
RBI, govt measures could turn India's balance of payments surplus, ease pressure on rupee: HDFCRecent policy measures may shift India's balance of payments to a surplus. These actions aim to attract significant capital inflows and str...
Saturday bank holiday: Are banks open or closed today on July 25, 2026?Banks across India will remain closed on Saturday? Reserve Bank of India guidelines mandate banks close on second and fourth Saturdays. Dig...
Is government launching minimum pension scheme for all citizens? Ministry responds in ParliamentParliament heard that the government has no minimum pension scheme plans. The Code on Social Security, 2020, aims to extend benefits to uno...
Explained: Sebi proposes MF-PMS framework model with entry fee at Rs 25 lakh. Who stands to benefit?SEBI has proposed a major revamp of the Portfolio Management Services (PMS) framework, including the launch of a new mutual fund-only PMS (...
Can a shop charge you extra for paying by credit card? Here's what every card user should knowCan merchants legally charge customers extra for credit card payments? The Reserve Bank of India regulates these payment systems and card a...
EPS minimum pension hike: Is government increasing minimum EPS pension to Rs 7,500? Ministry respondsEmployee unions demand a higher minimum Employees Pension Scheme pension. The government has not announced any increase to the current Rs 1...
Best balanced advantage funds or dynamic asset allocation funds to invest in July 2026Balanced advantage funds dynamically manage equity exposure based on market conditions. These hybrid schemes invest in stocks, debt, and ar...
RBI likely used dollar deposit surge to cut record FX forward book, economists sayReserve Bank of India likely used deposit inflows to reduce its forward book. This action helped the central bank manage its near-term doll...
Delhi diner was 'forced' to pay over Rs 900 as service charge: Court orders restaurant to pay Rs 25,000 compensation, says the charge is voluntaryA Delhi man refused to pay a restaurant's service charge in October 2024. The consumer commission found the restaurant guilty of unfair tra...