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GRAIN TRADER DEPOSITS CASH IN BANK
Groom gets Rs 10 lakh cash and gold jewellery from wedding guests. Now he has to keep record of these gifts. But why?- Visa and Mastercard $167.5M ATM settlement: Who qualifies, how to claim and key deadlines
- Do banks report deposits over $10,000 to the IRS? What really happens when you cross the cash reporting threshold
- 5 rule changes from October 1: SBI ATM charges, MDR on UPI, bulk FD rates, KYC for LPG subsidy and moreIn October 2026, significant changes to banking and finance regulations will take effect, impacting numerous services. Furthermore, the Res...28 Sep, 2026, 05.07 PM IST
- RBI may shift govt borrowing towards shorter tenures in H2The RBI is expected to tilt the government’s borrowing towards shorter-tenure bonds in the second half of FY27 as surplus banking liquidity...28 Sep, 2026, 04.52 PM IST
- Grain trader deposited Rs 5.2 crore cash in bank, filed ITR declaring Rs 7.65 lakh income, got unexplained deposit income tax notice; won case in ITAT Delhi for this reasonWhen Mr Kumar, a grain trader from Rampur deposited Rs 5.2 crore cash in his bank account and filed an Income Tax Return (ITR) declaring Rs...28 Sep, 2026, 09.26 AM IST
- Indian rupee, bonds vulnerable to oil pangs on waning Iran diplomacy hopesThe Indian rupee and government bonds are set to face challenges as oil prices climb. Global bond yields have surged to multi-year peaks, c...28 Sep, 2026, 07.26 AM IST
- SBI's growth mantra: Digital first, customer first, nation always, says chairman C S SettySBI aims to harness digital banking and strengthen customer relationships as part of its growth strategy. The bank's total business could p...27 Sep, 2026, 11.48 AM IST
- Fruit seller deposited large amount of cash in bank, got income tax notice of unexplained income; won case in ITAT Bangalore for this reasonIn Bangalore, Mr. Ramachandrababu found himself facing an income tax notice over unexplained cash deposits in his bank account. However, hi...26 Sep, 2026, 03.05 PM IST
- Bank deposits, credit shrink in fortnight to September 15Outstanding bank deposits and advances declined significantly during the fortnight ending September 15. Deposits fell by Rs 2.49 lakh crore...25 Sep, 2026, 06.41 PM IST
- Are all banks open on Sunday, September 27, 2026? Check status ahead of three-day bank strikeCustomers can visit public sector banks and Regional Rural Banks on September 27, as they will remain operational ahead of the impending st...25 Sep, 2026, 05.15 PM IST
- FD interest rate rules to change from October 1, 2026: Uniform interest rates on bulk deposits, daily rate updates and more that depositors need to knowEffective from October 1, 2026, the Reserve Bank of India will implement new rules concerning bulk fixed deposits. Every bank will be manda...25 Sep, 2026, 02.34 PM IST
- FM Nirmala Sitharaman rejects UPI MDR 'misconception,' says charge won't be passed to consumersFinance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumer...25 Sep, 2026, 09.01 AM IST
- 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...24 Sep, 2026, 11.52 PM IST
- MP traders protest UPI MDR with ‘No UPI Day’, urge customers to pay cashTraders across Madhya Pradesh organized a 'No UPI Day' protest against the imposition of a 0.4% fee. The protest involved covering QR codes...23 Sep, 2026, 09.28 PM IST
- Rupee slips as dollar gets Fed hike expectations tailwindOn September 23, the Indian rupee ended weaker at 95.74 against the dollar amid global financial trends. Expectations of further US Federal...23 Sep, 2026, 04.51 PM IST
- Rupee sways with oil and intervention cues, keeping traders light-footedTraders pointed to media reports stating that Iran had offered to reopen the Strait of Hormuz, a key energy artery,if the US eases military...22 Sep, 2026, 03.51 PM IST
- RBI bond sales, FX intervention help halve India's cash overhangSustained Reserve Bank of India action through bond sales, foreign exchange swaps, and rupee defence has helped more than halve the banking...22 Sep, 2026, 03.07 PM IST
- $127 bn foreign currency deposit mobilisation a 'shot in the arm' for Indian banks: S&PA notable achievement for Indian banks occurred as they received USD 127 billion through a dedicated deposit scheme. This influx has signif...21 Sep, 2026, 03.02 PM IST
- Rupee ends flat as RBI intervention, portfolio flows blunt Fed hike impactThe Indian rupee stayed stable against the dollar on Thursday, bolstered by anticipated central bank interventions and equity index rebalan...17 Sep, 2026, 04.02 PM IST
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