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COMMERCIAL BANKS OCTOBER 2026
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...- TRAI takes action against 1.83 Lakh telecom resources to curb unsolicited commercial communicationsThe Telecom Regulatory Authority of India (TRAI) took action against 1.83 lakh telecom resources and blacklisted 263 senders during the fir...
- Lack of proper training in credit monitoring among reasons for frauds: CVC to banksThe Central Vigilance Commission has advised banks on training to prevent frauds. Lack of proper credit appraisal and monitoring is identif...
- Census 2027: Enumeration in Ladakh, J&K, HP, Uttarakhand from Sept 1Census 2027 work will begin in Ladakh and snow-bound areas of Jammu and Kashmir. Himachal Pradesh and Uttarakhand will also participate in ...
- RBI sells USD 14.9 bn during Jan-May to check excess volatility in rupeeIn an effort to stabilize the rupee, the Reserve Bank of India sold USD 14.9 billion. Banks are also re-engaging with defaulters to recover...
- Banks mobilise $27.99 billion via FCNR deposits since RBI introduced USD-rupee forex swap facilityBanks have mobilized USD 27.99 billion from non-resident Indians through a forex swap facility. Domestic payment frauds across all banks am...
- Battery Smart may file IPO papers in September-October; eyes 70-80% annual growthBattery Smart is preparing to file draft papers with Sebi for an initial public offering. The company targets substantial annual growth ove...
- RBI provides banks greater flexibility to determine bulk deposit interest rates; changes effective from October 1, 2026New Reserve Bank of India rules will change bank deposit interest rate disclosures starting October 2026. Banks will gain flexibility in se...
- India's bank credit growth remains robust at 18.6% in June 2026; NBFC, retail lending drive momentum: ReportIndia's average bank credit growth remained robust in June 2026, supported by healthy retail lending and strong credit flow to non-banking ...
- India sees dollar deposit deluge on FCNR(B) waveFCNR(B) deposits accounted for $36.72 billion of the inflows, exceeding the $26 billion mobilised under a similar scheme in 2013, in less t...
- Air India to launch seasonal Mumbai-Toronto non-stop flights from October 25; deploys new Dreamliner on Delhi routeAir India will launch a new seasonal Mumbai-Toronto service starting October 2026. The airline is also introducing its brand-new Boeing 787...
- ITR filing deadline extension: Has income tax filing last date of July 31, 2026, been extended? Know moreThe July 31, 2026, income tax return filing deadline remains unchanged for many taxpayers. Those who missed this date must now file a belat...
- Deposit rates rise as banks fight for fundsBanks increased fresh term deposit rates in June, led by private lenders. The average domestic term deposit rate rose to 5.99% for schedule...
- A Khajuraho lesson: Less the merrierKhajuraho Airport achieved a top customer satisfaction rating from the Airports Authority of India. This ranking occurred as flights to and...
- RBI asks banks to install fake currency detection machines at branches along international bordersThe Reserve Bank of India has directed banks to enhance counterfeit note detection. Branches near international borders must now have note ...
- RBI issues revised Basel Pillar 3 disclosure framework for commercial, small finance and payments banksThe Reserve Bank of India has revised its Basel Pillar 3 disclosure framework. These amendments aim to strengthen market discipline through...
- Govt companies request RBI to extend concessional forex swap by three monthsPublic sector firms want the RBI's forex swap facility extended by three months. This facility helps government companies hedge dollar cost...
- IBPS Clerk notification 2026 out: Check state-wise vacancies, fees, how to apply, eligibility, salary and moreIBPS Clerk notification 2026 out: IBPS has announced 9,788 vacancies for Customer Service Associate roles. Online applications will be acce...
- Assam Cabinet approves stamp duty waiver for SHG loans up to Rs 10 lakh, clears MBBS admission rule changesAssam's cabinet approved waiving stamp duty on loans for SHG members up to ten lakhs. New rules will govern Ayurvedic medical officers' rec...
- Foreign banks show strongest rate transmission in current RBI easing cycle: BulletinForeign banks showed strongest policy easing transmission during the rate-cut cycle. They lowered lending rates more sharply than other ban...
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