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MODERN FRAMEWORK FOR BANKING RECORDS
Bankers' Books Evidence Act to come into force from October 1The Bankers' Books Evidence Act, 2026 will become effective from October 1. This new law modernizes the use of banking records as evidence ...- Selling insurance but not handling customer grievances: IRDAI fines IndusInd Bank Rs 1 crore; here's what policyholders should knowIndusInd Bank faces a Rs 1 crore penalty from IRDAI for failing to provide an adequate, insurance-specific grievance redressal mechanism fo...
- IMF welcomes India's efforts to modernise statistical frameworkThe IMF welcomes India's statistical framework modernization efforts. New industrial production and producer price indexes will improve GDP...
- Govt launches DILRMP 3.0 with Rs 565.5-crore outlay for integrated land recordsIn an ambitious move, the government unveiled DILRMP 3.0 with an investment of Rs 565.5 crore set for 2031. The initiative focuses on craft...
- RBI recognises Unified Fintech Forum as second self-regulatory body for fintechThe RBI had recognised the Fintech Association for Consumer Empowerment (FACE) as the first SRO-FT in August 2024, after it laid down the f...
- GFF 2026: India's fintech transformation a result of innovation, inclusion & trust coming together, says RBI's Sanjay MalhotraMalhotra said fintech’s potential could translate into meaningful impact only when innovation reached people who were not already well serv...
- Safebox raises $1.11 million seed round to build India’sfamily wealth protection categorySafebox has successfully secured $1.11 million in seed funding to revolutionize wealth management for Indian families. By focusing on conso...
- Sebi completes first phase of Demat 2.0 bond pilot; secondary trading next: Tuhin Kanta PandeyThe Securities and Exchange Board of India (SEBI) has completed the first phase of its Demat 2.0 pilot for corporate bonds and will next br...
- Supreme Court agrees to hear plea seeking national policy for welfare of private school teachersThe Supreme Court will hear a petition concerning private school teachers' welfare. It seeks a national policy for their social security an...
- GFF 2026: SBI sees FCNR liquidity deployment taking 3-4 months, eyes agentic AI for bankingState Bank of India anticipates deploying foreign currency deposits over three months. The bank is enhancing artificial intelligence adopti...
- FIU-IND cracks down on 15 crypto platforms over money laundering rulesIndia's Financial Intelligence Unit has issued compliance notices to fifteen virtual digital asset service providers. These platforms are a...
- Global Fintech Fest 2026: DFS Secretary Sanjay Lohiya unveils UPI credit for KCC, MUDRA borrowersDFS Secretary Sanjay Lohiya at Global Fintech Fest 2026 unveiled a facility allowing eligible Kisan Credit Card and PM MUDRA Yojana borrowe...
- Cabinet approves eight railway projects for Rs 20,000 croreEight railway projects worth over twenty thousand crore rupees were approved by the government. These projects will expand the railway netw...
- Falcon launches MerlinFX AI agents to automate banking transactions in real-timeFalcon has launched MerlinFX, embedding AI agents directly into banking transaction systems. These agents automate tasks like reconciliatio...
- Indian firms line up $7.7 billion in ECB proposals in JulyIndian companies filed proposals worth $7.70 billion for external commercial borrowings in July. This represented a significant 27% growth ...
- CBIC releases import clearance checklist for cosmetics, drugs, and medical devicesThe CBIC has introduced a new checklist for customs officers reviewing imports. This standardized process aims to streamline clearances for...
- ADB signs first Transaction Advisory Pact in India to mobilise $1 billion for green energy projectsThe Asian Development Bank will support Madhya Pradesh's renewable energy projects. This partnership aims to attract significant private in...
- Returning to India from the UK? Capital gains and inheritance tax may still applyNon-resident Indians should note that leaving the UK doesn't automatically terminate tax residency. Retaining connections might keep your t...
- Forex reserves hit record $740.8 billion, lift rupeeBy the end of August, India recorded an unprecedented $740.8 billion in foreign-exchange reserves, which has significantly fortified the va...
- Ladakh settles decades-old Nautor land rights issue; Vests power with Hill CouncilsLadakh's Lieutenant Governor approved new rules for Nautor land regularization. These rules grant proprietary rights for land holdings up t...
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