Bank customer spots huge unknown deposit in account, receives a call pressuring him to return it immediately, ends up approving even higher amount; warns SBIState Bank of India (SBI) has warned customers about the ‘Jumped Deposit Scam’, in which fraudsters use unexpected bank credits and urgent ...
12 Oct, 2026, 01.53 PM IST
IIT-Bombay study bats to cut MDR to 0.08 pc from 0.4 pc, exclude banks from taking bulk shareA report by IIT-Bombay professors recommends reducing the Merchant Discount Rate for UPI transactions to improve the ecosystem. The current...
11 Oct, 2026, 10.10 PM IST
UPI MDR framework needs rationalisation to protect public trust: ReportUPI, a public digital infrastructure, has generated significant convenience for users and productivity gains for the economy, with its long...
11 Oct, 2026, 05.47 PM IST
India's quick commerce growth set to accelerate, food delivery to remain steady: ReportAccording to the report, India's quick commerce sector is witnessing consolidation, with net order value (NOV) growth for leading platforms...
11 Oct, 2026, 03.59 PM IST
India's quick commerce growth set to accelerate, food delivery to remain steady: ReportAccording to an Emkay report, India's quick commerce sector is projected to accelerate NOV growth to 21.6 percent in Q2FY27. Food delivery ...
11 Oct, 2026, 03.27 PM IST
RBI tightens rules for forex bets to shield bruised rupeeThe Reserve Bank of India has tightened regulations on foreign exchange derivatives to stabilize the rupee's value. New measures include st...
11 Oct, 2026, 05.30 AM IST
RBI tightens forex derivative rules: What changes for hedging, cancelled tradesThe RBI has tightened rules for rupee-linked foreign exchange derivatives, restricting the rebooking of cancelled contracts and cutting the...
10 Oct, 2026, 10.50 AM IST
Income tax department survey reveals large-scale property scam in Gurgaon; 25,000 properties linked to fictitious PANAn Income Tax department survey in Gurgaon's Badshahpur tehsil unraveled that a single fictitious Permanent Account Number (PAN), 'ABCDEF12...
09 Oct, 2026, 06.53 PM IST
Toll transactions dip 5.2%; Revenue growth slows downIn the first half of the current financial year, India's toll volume experienced a significant decline of 5.2%. Toll revenue saw a modest i...
09 Oct, 2026, 03.45 PM IST
JM Financial tops investment banking league table in H1 FY27Domestic investment banks experienced significant success in achieving equity fundraising in HY27. JM Financial, ICICI Securities, and SBI ...
09 Oct, 2026, 08.36 AM IST
India hotel deals nearly triple to $493 million in H1 2026Hotel property transactions in India surged nearly threefold year-on-year to $493 million in the first half of 2026, JLL data showed. The f...
08 Oct, 2026, 12.02 AM IST
Individuals exempt from reporting under new FEMA trade rules, RBI saysIndividuals undertaking personal transactions will not have to comply with new foreign exchange trade regulations imposed. The Reserve Bank...
07 Oct, 2026, 05.23 PM IST
Businessman’s bank account put on hold after a Rs 2,253 transaction was flagged, requests to use the remaining balance went unanswered; High Court orders Axis Bank to release the moneyCalcutta High Court has ordered Axis Bank to defreeze a Kolkata businessman's bank account that had been put on hold over a cyber fraud cas...
07 Oct, 2026, 01.23 PM IST
India to widen services production index to include education, health and defenceThe statistics ministry plans to expand the monthly Index of Services Production to cover education, healthcare, public administration and ...
07 Oct, 2026, 12.33 AM IST
Parliamentary panel may recommend stricter monitoring of crypto transactions in IndiaA committee in Parliament is in the process of exploring the legal avenues for regulating cryptocurrency transactions and assets within Ind...
03 Oct, 2026, 07.56 PM IST
UPI volume rises 27% to touch 145 billion in first half of FY27This is against UPI volume 114 billion in during the April-September quarter of the previous financial year, according to data released by ...
02 Oct, 2026, 08.39 PM IST
UPI transaction volume dips to 24.07 billion in SeptemberTransaction volumes dipped 1.8% from 24.51 billion in August, while the value of transactions also fell marginally month on month. On a yea...
01 Oct, 2026, 11.14 AM IST