A bank can afford to give an affluent customer a highly rewarding credit card if that card helps persuade ...More

A bank can afford to give an affluent customer a highly rewarding credit card if that card helps persuade the customer to consolidate assets with the lender. The other advantage is that a credit card is one of the most visible products a bank gives a customer. Every transaction reinforces the relationship with the bank. ...Less

In August, credit card spending decreased by 2.8% to ₹2.02 lakh crore from July's ₹2.08 lakh crore. While ...More

In August, credit card spending decreased by 2.8% to ₹2.02 lakh crore from July's ₹2.08 lakh crore. While year-on-year spending saw an increase of 5.9% compared to August 2025, the trend indicates moderation. Additionally, banks added 1.19 million new credit cards, down 5.6% from July's figures. This brings the total credit card tally to 124.1 million at the month's end. ...Less

Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issue ...More

Apple Pay initially supports Visa and Mastercard credit cards issued by Axis Bank. Other large card issuers, including HDFC Bank, ICICI Bank and SBI Card, are currently not live on the service. ...Less

Indian households are increasingly opting for secured loans, particularly against gold, which surged sign ...More

Indian households are increasingly opting for secured loans, particularly against gold, which surged significantly. Credit card dues and consumer durable loans have shown minimal growth, reflecting a shift in borrowing behavior. Personal loans continue to grow, contributing substantially to overall bank credit, which rose markedly. Loans against gold jewellery increased substantially in percentage terms, likely aided by a favorable base effect. ...Less

Nithin Kamath’s financial philosophy centres on learning from debt, maintaining cash reserves and investi ...More

Nithin Kamath’s financial philosophy centres on learning from debt, maintaining cash reserves and investing with discipline. After a Rs 20,000 credit card debt took him five years to repay, he stayed away from credit cards for nearly a decade. One common thread in all of his financial advice or lesson is to have enough cash reserves. Apart from this his investment approach focuses on suitable asset allocation, low-cost index funds, regular investing, rebalancing and staying invested. ...Less

New regulations from the Reserve Bank of India will mandate reporting of international credit card transa ...More

New regulations from the Reserve Bank of India will mandate reporting of international credit card transactions starting October 1. Consumers may need to provide details on all payments for services purchased abroad, leading to potential compliance challenges. The existing framework lacks clarity on how individuals will report these transactions to banks. While international credit card purchases are part of the Liberalised Remittance Scheme, the reporting process remains unclear. ...Less

Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank c ...More

Apple Pay has officially launched in India, allowing users to make contactless payments using Axis Bank credit cards. Users can add their Visa and Mastercard credit cards to Apple Pay to facilitate these payments. The service provides a secure and private method for transactions without requiring PINs or OTPs. This launch marks a significant expansion in digital payment options available to Indian consumers. ...Less

Don't be fooled by the flashy credit card rewards that might not deliver true value. Learn how to accurat ...More

Don't be fooled by the flashy credit card rewards that might not deliver true value. Learn how to accurately assess your card's worth beyond its enticing rates. Discover the importance of examining annual fees, optimizing the perks you genuinely utilize, and avoiding extra expenses solely for rewards. ...Less

Apple Pay has officially made its debut in India, providing a seamless contactless payment experience for ...More

Apple Pay has officially made its debut in India, providing a seamless contactless payment experience for users. With Axis Bank Visa and Mastercard credit cardholders now able to use Apple Pay, transactions can be completed effortlessly at various merchants. This innovative service ensures security while shopping online and in-store without the hassle of PINs or OTPs. ...Less

SBI Card has introduced the Advantage SBI Card through the SBI YONO app, making it simpler than ever for ...More

SBI Card has introduced the Advantage SBI Card through the SBI YONO app, making it simpler than ever for customers to apply. This innovative offering features four variants of secured credit cards linked to fixed deposits. With a fully paperless application process, it's designed to enhance accessibility, particularly for those with limited credit histories seeking a means to build financial profiles. ...Less

The Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings r ...More

The Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings rates along with a growth in credit card usage, while European nations such as Germany, France and the Netherlands— that encourage the use of debit cards over credit cards—report a higher household savings rate. ...Less

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Nabin Kumar Roy, Chief General Manager, NABARD, emphasised that enhancing farmers access to Kisan Credit ...More

Nabin Kumar Roy, Chief General Manager, NABARD, emphasised that enhancing farmers access to Kisan Credit Cards remains a priority and called for coordinated efforts among government departments, banks, cooperatives and development institutions. ...Less

The Aura World Tour is coming to India, with Diljit Dosanjh set to perform across seven cities in Novembe ...More

The Aura World Tour is coming to India, with Diljit Dosanjh set to perform across seven cities in November and December. After Ahmedabad was announced as the tour’s India debut, six more stops have now been added, while Chandigarh remains without a date. Here’s the complete city-wise schedule, ticket sale details, RuPay pre-sale information and venue updates fans need to know. ...Less

After the MDR charge announcement on certain merchant UPI transactions, many UPI users are thinking wheth ...More

After the MDR charge announcement on certain merchant UPI transactions, many UPI users are thinking whether they should shift from the UPI to a debit card or a credit card for daily transactions. ...Less

Are you drowning in debt? Explore two effective strategies for repayment: the debt avalanche and debt sno ...More

Are you drowning in debt? Explore two effective strategies for repayment: the debt avalanche and debt snowball methods. The debt avalanche prioritizes high-interest debts to minimize costs, while the debt snowball method focuses on paying off the smallest debts first to enhance motivation. ...Less

Apple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank supp ...More

Apple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank support, Reuters reported. The service will focus on card based tap and pay payments through Face ID and Touch ID, separate from India's dominant UPI network, with HDFC Bank and ICICI Bank still finalising their own tie ups. ...Less

A corporate employee's Reddit post has highlighted the gap between having investments and having readily ...More

A corporate employee's Reddit post has highlighted the gap between having investments and having readily accessible emergency cash. He claimed that despite holding around ₹12 lakh in stocks and funds and a ₹10 lakh corporate health insurance policy, he had only ₹18,000 available when his mother needed hospitalisation at 2 AM. He said he had to borrow money through UPI and use credit cards to arrange a ₹1.5 lakh advance deposit. ...Less

With a smaller share of customers carrying balances month to month, interest-bearing receivables are grow ...More

With a smaller share of customers carrying balances month to month, interest-bearing receivables are growing more slowly than transaction volumes, pushing issuers to convert purchases into EMIs, deepen personal loan-on-card offerings and extract more fee income from a business that is increasingly being used as a payment product rather than a borrowing product. ...Less

Bank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on- ...More

Bank credit growth strengthened across major sectors in August, with personal loans rising 16.9% year-on-year to ₹72.9 lakh crore, up from 11.9% a year earlier, RBI data showed. ...Less

Anup Kumar Saha has been appointed by the Reserve Bank of India as managing director and CEO of Kotak Mah ...More

Anup Kumar Saha has been appointed by the Reserve Bank of India as managing director and CEO of Kotak Mahindra Bank. His three-year term will begin on January 1, 2027, succeeding Ashok Vaswani. Saha has extensive experience in financial services, including leadership roles at Bajaj Finance and ICICI Bank. The Kotak board will formalize this appointment and seek approval from shareholders. ...Less

Gold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, i ...More

Gold may have pushed silver into the spotlight, but the shift is not just about price. Younger Indians, in particular, are looking at silver differently, seeking jewellery they can experiment with and wear more often — something that is harder to do with gold at current prices. ...Less

In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a colla ...More

In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a collaboration with Axis Bank. Users holding Axis Bank cards can easily enact contactless transactions. The process of adding cards is straightforward with the Wallet app or the Axis Bank app, with no need for PINs or OTPs. ...Less

Many travelers fail to account for hidden costs while planning international journeys, often only conside ...More

Many travelers fail to account for hidden costs while planning international journeys, often only considering major expenses. These overlooked charges can hike trip costs by 25-40%, creating budget overruns. It's vital to include local transport, dining, and extra fees in your budget to avoid unexpected financial surprises. Employing effective budgeting techniques ensures a smoother and more enjoyable experience abroad. ...Less

National Payments Corporation of India plans to introduce a 0.4% merchant discount rate for UPI transacti ...More

National Payments Corporation of India plans to introduce a 0.4% merchant discount rate for UPI transactions. This could help recover about ₹13,000-15,000 crore of annual costs while most transactions remain free. According to CEO Dilip Asbe, 80% of the MDR would come from large businesses already accepting credit cards. He noted that reintroducing charges after six years of zero MDR is necessary due to slowed investments. ...Less

Apple Pay’s India launch means eligible Axis Bank Visa and Mastercard credit cardholders can now use thei ...More

Apple Pay’s India launch means eligible Axis Bank Visa and Mastercard credit cardholders can now use their India-issued cards for contactless payments both at home and overseas. Abroad, transactions will run through the card network rather than UPI, so international usage settings, spending limits, forex charges and merchant NFC support will determine whether a payment goes through. ...Less

Anup Kumar Saha has been appointed as the next Managing Director and CEO of Kotak Mahindra Bank. His term ...More

Anup Kumar Saha has been appointed as the next Managing Director and CEO of Kotak Mahindra Bank. His term will commence on January 1, 2027, following Reserve Bank of India's approval. Currently a whole-time director, Saha brings over 32 years of experience in banking and financial services. He aims to enhance customer relationships and create sustainable value for stakeholders. The bank will seek shareholder approval to formalize his appointment. ...Less

Mark your calendars for the Flipkart Big Billion Days sale, commencing on October 9, 2026. Flipkart Plus ...More

Mark your calendars for the Flipkart Big Billion Days sale, commencing on October 9, 2026. Flipkart Plus and Black members get an exclusive treat with early access starting October 8. The prevailing buzz suggests that the iPhone 17 will be available at a starting price of Rs 79,999, complemented by attractive bank and exchange deals to further sweeten the deal. ...Less

National Teetotalitarian Day serves as a dedicated 24-hour opportunity for individuals to embrace sobriet ...More

National Teetotalitarian Day serves as a dedicated 24-hour opportunity for individuals to embrace sobriety, emphasizing the importance of responsible choices and financial prudence. By choosing to forgo alcohol, participants can steer clear of avoidable errors and complications, thereby enhancing both personal and collective financial well-being. Following this day, National No-Hangover Day will commemorate wise decision-making, allowing everyone to reap the rewards of clarity and keen judgment. ...Less

The iPhone 17 Pro 256GB is available on Flipkart at an effective price of Rs 80,143 when the maximum exch ...More

The iPhone 17 Pro 256GB is available on Flipkart at an effective price of Rs 80,143 when the maximum exchange value and applicable bank discount are combined. The phone is listed at Rs 1,34,900, while buyers exchanging an eligible iPhone 15 Pro can get up to Rs 50,750 off. An additional Rs 4,000 bank offer further reduces the effective price. ...Less

The proposed funding would be Kiwi's largest round after the Nexus Venture Partners and Stellaris Venture ...More

The proposed funding would be Kiwi's largest round after the Nexus Venture Partners and Stellaris Venture Partners-backed company raised $24 million in August last year. The round was led by Singapore-based Vertex Ventures. ...Less

Apple Pay has finally launched in India, more than a decade after its US debut. The service is initially ...More

Apple Pay has finally launched in India, more than a decade after its US debut. The service is initially available on iPhone, iPad and Apple Watch for eligible Axis Bank Visa and Mastercard credit cards, allowing users to make contactless payments and pay on apps and websites. Apple says it views Apple Pay as complementary to UPI, while highlighting convenience, privacy and security as key features. ...Less

AIMRA is organizing a 'No UPI Day' on October 2 to protest against the proposed Merchant Discount Rate. T ...More

AIMRA is organizing a 'No UPI Day' on October 2 to protest against the proposed Merchant Discount Rate. The proposed charges are anticipated to burden small businesses and reduce their profit margins significantly. Retailers argue that routine digital payments should remain free for micro and small enterprises. The association demands the reconsideration and withdrawal of the proposed 0.4% MDR. ...Less

Two in five Gen Z adults view sports betting as an investment strategy. Betterment data shows 52% of youn ...More

Two in five Gen Z adults view sports betting as an investment strategy. Betterment data shows 52% of young retail investors redirected stock capital into sportsbooks over the past year. The house edge makes sustained profit nearly impossible. Bank of America found young bettors recover barely 80 cents per dollar wagered, while Federal Reserve research links legalized betting to a 26% surge in youth credit card delinquencies. ...Less

EaseMyTrip has announced its partnership with Apple Pay to improve the payment process for its users. Thi ...More

EaseMyTrip has announced its partnership with Apple Pay to improve the payment process for its users. This collaboration aims to provide faster and more secure payment options during travel bookings. Customers can now complete their bookings without repeatedly entering payment details, enhancing convenience. Apple Pay officially launched in India recently, marking a significant development for online payments. ...Less

Apple Pay has launched in India through a partnership with Axis Bank, giving iPhone users another way to ...More

Apple Pay has launched in India through a partnership with Axis Bank, giving iPhone users another way to make payments at stores and online. ...Less

Union Finance Minister Nirmala Sitharaman stated that the Centre absorbs a significant urea subsidy for f ...More

Union Finance Minister Nirmala Sitharaman stated that the Centre absorbs a significant urea subsidy for farmers. This subsidy currently stands at approximately Rs 2,700 for each bag of urea. Sitharaman emphasised the government's commitment to providing essential farm inputs despite rising global prices. Additionally, her remarks highlighted ongoing efforts to support agricultural investment in Andhra Pradesh. These initiatives aim to ensure that farmers receive necessary resources and maintain economic stability. ...Less

There is no number that suddenly makes a person rich. Still, Americans have a figure in mind. A 2025 Char ...More

There is no number that suddenly makes a person rich. Still, Americans have a figure in mind. A 2025 Charles Schwab survey found that people believe an average net worth of $2.3 million is needed to be considered rich. That is a useful glimpse into how Americans view wealth, but it is not a fixed rule. Two households with the same amount of money can have very different financial lives. ...Less

Apple Pay has finally arrived in India, giving iPhone users a new way to make payments. This and more in ...More

Apple Pay has finally arrived in India, giving iPhone users a new way to make payments. This and more in today’s ETtech Top 5. ...Less

Apple pay india launch: Apple has officially launched Apple Pay in India. This contactless payment servic ...More

Apple pay india launch: Apple has officially launched Apple Pay in India. This contactless payment service allows for easy and secure transactions at various merchants across the country. Users can add their cards to the Apple Wallet through the Axis Bank app or the Wallet app. Apple Pay is designed to enhance security through tokenisation and device-level protections. ...Less

Anup Bagchi has been appointed as the new MD and CEO of HDFC Bank effective October 26. He succeeds Sashi ...More

Anup Bagchi has been appointed as the new MD and CEO of HDFC Bank effective October 26. He succeeds Sashidhar Jagdishan, who chose not to seek reappointment after his six-year term. Kotak Mahindra Bank has also named Anup Saha as its new MD and CEO starting January 1. Saha takes over from Ashok Vaswani, who is also stepping down from his role. ...Less

An HDFC Bank credit card holder disputed a Rs 1,39,901 online transaction he said he had never authorised ...More

An HDFC Bank credit card holder disputed a Rs 1,39,901 online transaction he said he had never authorised. HDFC Bank argued that card details and an OTP had been used and blamed the customer for sharing his details during an online scam. The Kakinada consumer commission found that the bank had failed to prove that the customer had authorised the transaction and ordered HDFC Bank to refund the amount with 9% interest, pay Rs 30,000 compensation and Rs 5,000 litigation costs. ...Less

A landmark settlement has been reached in the United States, with Visa and Mastercard agreeing to pay $16 ...More

A landmark settlement has been reached in the United States, with Visa and Mastercard agreeing to pay $167.5 million over ATM surcharges. Eligible consumers must file their claims by February 10, 2027, either online or through traditional mail. A crucial federal court hearing on the settlement is scheduled for February 17, 2027. ...Less

Apple is set to launch Apple Pay in India next month, debuting with Axis Bank's credit card integration. ...More

Apple is set to launch Apple Pay in India next month, debuting with Axis Bank's credit card integration. Talks with prominent banks like HDFC and ICICI are underway to expand the service. This innovative payment solution enables iPhone users to effortlessly make transactions, positioning Apple within India's thriving digital payment landscape. ...Less

Wealth and asset management firm 360 ONE has appointed Aashish Agarwal as chief executive officer of 360 ...More

Wealth and asset management firm 360 ONE has appointed Aashish Agarwal as chief executive officer of 360 ONE WAM Group, according to a release. Agarwal joins the company from Jefferies, where he was MD and country head since April 2020. Karan Bhagat, currently MD and CEO, will become vice chairman and continue as managing director. ...Less

Robert Brandl started Tooltester in 2009 with roughly $200. There was no big operation behind it. The bas ...More

Robert Brandl started Tooltester in 2009 with roughly $200. There was no big operation behind it. The basic idea was to help people sort through the growing number of software tools used to run websites and online businesses. By 2023, Tooltester was generating about $120,000 a month, turning a small experiment into a $1.4 million a year business. ...Less

The Department of Financial Services (DFS) issued the clarification in response to observations in the US ...More

The Department of Financial Services (DFS) issued the clarification in response to observations in the US Trade Representative's (USTR) 2026 report on the inability of US electronic payment service providers to participate in the UPI ecosystem, including credit transactions on UPI, on a level playing field with RuPay. ...Less

NBFCs now account for half of India’s new-to-credit (NTC) borrowers, up from 24% in 2016, according to a ...More

NBFCs now account for half of India’s new-to-credit (NTC) borrowers, up from 24% in 2016, according to a TransUnion CIBIL-FIDC report covering about 2,000 NBFCs. ...Less

Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wife’s credit ...More

Rs 6.42 lakh foreign travel expenditure disallowed from business income as businessman used wife’s credit card to pay for it; ITAT Mumbai gives relief to taxpayer. Challa Nagendra Prasad, Judicial Member and G.M. Doss, Accountant Member of ITAT Mumbai heard this case. ...Less

Happy Tuesday! Meet our distinguished guest of honour for The Economic Times Startup Awards 2026. This an ...More

Happy Tuesday! Meet our distinguished guest of honour for The Economic Times Startup Awards 2026. This and more in today’s ETtech Morning Dispatch. ...Less

India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework priorit ...More

India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework prioritizes RuPay credit cards for UPI transactions. This move aims to foster domestic competition and create a sustainable revenue model. Small merchants and certain transactions will remain exempt from the new charges. The government emphasizes protecting India's electronic payment ecosystem sovereignty. ...Less

The Supreme Court has declined to grant an interim stay on the government’s new merchant discount rate po ...More

The Supreme Court has declined to grant an interim stay on the government’s new merchant discount rate policy. This policy imposes a 0.4% charge on specific Unified Payments Interface transactions exceeding Rs 2,000. The decision comes as a public interest litigation challenges the legality of this levy. Notices have been issued to the government and financial organizations involved. The new policy is set to take effect on October 15. ...Less

Shares of Kotak Mahindra Bank rose 4% following the announcement of Anup Kumar Saha's appointment as MD a ...More

Shares of Kotak Mahindra Bank rose 4% following the announcement of Anup Kumar Saha's appointment as MD and CEO. Saha, currently an Executive Director, has over 32 years of experience in financial services. He will succeed Ashok Vaswani, who decided not to seek reappointment for personal reasons. Brokerages have indicated that Saha's appointment should benefit the bank's strategic direction and stability. ...Less

The Rs 1,091.68 crore Moneyview IPO comprised a fresh issue of 22.06 crore shares aggregating to Rs 750 c ...More

The Rs 1,091.68 crore Moneyview IPO comprised a fresh issue of 22.06 crore shares aggregating to Rs 750 crore and an offer for sale (OFS) of 10.05 crore shares worth Rs 341.68 crore. ...Less

Rap star Lucki was allegedly stabbed during a scuffle that took place between him and a member of Playboy ...More

Rap star Lucki was allegedly stabbed during a scuffle that took place between him and a member of Playboy Carti’s crew at ComplexCon. While the reasons behind the altercation are yet to be unveiled, the New Drank hitmaker had made news recently for getting into trouble with his former manager and a promoter for his unprofessional behaviour. ...Less

New proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring trans ...More

New proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes may prevent mandatory insurance bundling, allowing for better consumer choices and potential interest rate benefits, while still enabling some insurance package offers. Discover how these reforms could impact your next loan decision. ...Less

Health savings accounts (HSA), offer three significant tax advantages for qualified expenses related to m ...More

Health savings accounts (HSA), offer three significant tax advantages for qualified expenses related to medical care. Individuals can contribute pre-tax money, which grows tax-free and allows for tax-free withdrawals for medical expenses. A reimbursement strategy allows account holders to pay bills upfront, keep receipts, and delay reimbursement for years. ...Less

Anup Kumar Saha is set to take over as the CEO of Kotak Mahindra Bank in January 2027. His leadership sty ...More

Anup Kumar Saha is set to take over as the CEO of Kotak Mahindra Bank in January 2027. His leadership style includes a focus on short meetings and direct communication with team members. Saha has a strong background in finance, having worked at various prominent financial institutions. His goals will include accelerating loan growth and building a diverse deposit base for the bank. ...Less

A Delhi couple who alleged they were lured into buying a holiday membership after being promised free hot ...More

A Delhi couple who alleged they were lured into buying a holiday membership after being promised free hotel stays and other benefits has secured relief from a consumer commission. The commission directed Royalty Holidays International to refund Rs 65,000 with 9% annual interest, besides paying Rs 30,000 compensation for mental harassment and Rs 11,000 towards litigation costs. ...Less

Retail associations are voicing concerns that the proposed UPI charge will inevitably be transferred to c ...More

Retail associations are voicing concerns that the proposed UPI charge will inevitably be transferred to consumers, either as new fees on bills or by incentivizing the use of cash payments. Small businesses, already operating with tight margins, find it difficult to absorb these costs, leading to fears that additional financial burdens will further strain their operations. ...Less

Credit Saison India is expanding its MSME lending portfolio by increasing secured loans, particularly in ...More

Credit Saison India is expanding its MSME lending portfolio by increasing secured loans, particularly in Tier 2 and Tier 3 towns. The company plans to raise the proportion of secured loans to 30% by the end of this fiscal year. With a current loan book of Rs 25,000 crore, it aims to open more branches across the country. ...Less

The US Federal Reserve’s quarter-point rate hike could raise borrowing costs for credit card and adjustab ...More

The US Federal Reserve’s quarter-point rate hike could raise borrowing costs for credit card and adjustable-rate mortgage borrowers while benefiting savers and new bond investors. Here’s how the latest Fed move could affect household finances. ...Less

CA Nitin Kaushik’s wealth ladder shows how different financial milestones can offer different forms of fr ...More

CA Nitin Kaushik’s wealth ladder shows how different financial milestones can offer different forms of freedom. He says Rs 5 lakh provides emergency security, Rs 15 lakh basic stability, Rs 50 lakh meaningful investable capital, Rs 5 crore can make work optional, Rs 15 crore offers comfortable financial independence and Rs 100 crore represents a different level of wealth. Ultimately, he says the real milestone is when money stops controlling decisions. ...Less

HDFC Bank could be nearing a leadership transition, with Jefferies saying greater clarity on CEO successi ...More

HDFC Bank could be nearing a leadership transition, with Jefferies saying greater clarity on CEO succession and a management reshuffle could improve execution and support a rerating. The brokerage retained its Buy rating and Rs 880 target, citing scope for stronger deposit growth, fee income and a better loan mix. ...Less

What if a transaction takes place after you lose your card, and you don’t block it before that? Who has t ...More

What if a transaction takes place after you lose your card, and you don’t block it before that? Who has the liability then - you or the bank? There could be an instance where, even when you have reported your credit card as lost/missing, an unauthorised transaction takes place because of the bank’s fault. What then? Do such transactions have impact on your credit score? Find out in this article. ...Less

Petrol pump UPI payments: Petrol pump dealers in Madhya Pradesh and Punjab will stop accepting UPI paymen ...More

Petrol pump UPI payments: Petrol pump dealers in Madhya Pradesh and Punjab will stop accepting UPI payments above Rs 2,000 from October 16, citing a proposed 0.4 per cent Merchant Discount Rate (MDR). Fuel retailers say their narrow profit margins make it difficult to absorb the additional cost. Customers can continue to use debit and credit cards for fuel purchases, while the association has urged the government to extend existing MDR exemptions to UPI transactions. ...Less

Cheap, quick and no credit check needed, yet your jewellery could be at risk. ...More

Cheap, quick and no credit check needed, yet your jewellery could be at risk. ...Less

US midterm elections 2026 are putting Republicans under pressure as voters are currently highly concerned ...More

US midterm elections 2026 are putting Republicans under pressure as voters are currently highly concerned about gas, food, healthcare and housing costs. This comes as Senate Republicans are deciding whether to go home to campaign or stay in Washington to push affordability measures. Polls show Democrats are ahead in preferences while Trump continues to be a key factor for voters. ...Less

HSBC Holdings Plc plans to expand its operations in India by increasing its branch network by 35% over th ...More

HSBC Holdings Plc plans to expand its operations in India by increasing its branch network by 35% over the next two years. The bank aims to become one of the top private banks in India by 2030, focusing on wealth management and transaction banking. HSBC is also targeting affluent customers whose interests span globally to strengthen its international network. ...Less

At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcar ...More

At GFF 2026, PhonePe unveiled a suite of co-branded credit cards with HDFC Bank and SBI, plus the Wishcard for consumers with limited or no credit history. The products build on UPI-era behaviour to tap into formal credit, aiming to bring rewards, flexibility and credit-history building to Gen Z, homemakers, freelancers and semi-urban India. ...Less

Given the current market situation, no sector is immune from headwinds. The banking sector is no exceptio ...More

Given the current market situation, no sector is immune from headwinds. The banking sector is no exception. There are clear short-term headwinds, but the question an investor should ask is: Are these headwinds likely to hit the core business of banks and create some issue that may take a long time to settle? ...Less

Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive ...More

Anup Bagchi takes charge as HDFC Bank’s new CEO at a critical juncture, with the lender seeking to revive deposit and loan growth, improve margins and unlock HDFC Ltd merger synergies. With the stock 29% below its peak, investors will closely watch whether Bagchi can restore growth and confidence. ...Less

Amazon Prime FTC settlement refunds: The Federal Trade Commission just forced a massive recalculation of ...More

Amazon Prime FTC settlement refunds: The Federal Trade Commission just forced a massive recalculation of how much digital friction a company can legally use. Amazon is now distributing the next wave of a $2.5 billion settlement reached in 2025. The agency claimed Amazon enrolled users in Prime without clear consent and built deliberate design roadblocks to stop them from canceling. The company ultimately agreed to pay a $1 billion civil penalty and establish a $1.5 billion refund pool. ...Less

The Moneyview IPO ended with 98.46 times subscription, led by strong demand from QIBs and NIIs. The Rs 1, ...More

The Moneyview IPO ended with 98.46 times subscription, led by strong demand from QIBs and NIIs. The Rs 1,091.68 crore issue received bids for 2,290 crore shares against 23.25 crore shares on offer. Its grey-market premium stood at 37.5%, implying an estimated listing price of Rs 46.75. ...Less

Scott Purcell didn’t quit his banking job to start Man of Many. Instead, he kept working during the day. ...More

Scott Purcell didn’t quit his banking job to start Man of Many. Instead, he kept working during the day. His evenings were spent building something of his own. In December 2012, Purcell and his housemate, Frank Arthur, launched the men’s lifestyle website. ...Less

CA Nitin Kaushik warns that wealth can quietly erode through three recurring financial leaks: lifestyle i ...More

CA Nitin Kaushik warns that wealth can quietly erode through three recurring financial leaks: lifestyle inflation, unplanned debt and emotional investing. He notes that rising salaries often lead to higher spending, while credit cards and EMIs can fill spending gaps. Meanwhile, fear can trigger selling during market falls and FOMO can drive impulsive buying. Over 5–10 years, these small decisions can significantly affect wealth creation. ...Less

An MBA graduate who paid Rs 84,960 for an online AI product management course after being promised “100 p ...More

An MBA graduate who paid Rs 84,960 for an online AI product management course after being promised “100 percent guaranteed placement” has secured a refund from a Punjab consumer commission. The Gurdaspur District Consumer Commission directed Eduinx Education Services to refund the course fee, pay Rs 10,000 compensation and Rs 5,000 litigation costs, finding the placement commitment was not fulfilled. ...Less

AI agents now generate, test and review code before humans approve it; Zeta says AI has lifted productivi ...More

AI agents now generate, test and review code before humans approve it; Zeta says AI has lifted productivity by 30-40% and cut the number of people it needs for client delivery by more than half. ...Less

Australia said on Thursday an OpenAI agent breached a government health data portal in June, gaining unau ...More

Australia said on Thursday an OpenAI agent breached a government health data portal in June, gaining unauthorised access to files, in what could be the first known instance of an AI agent hacking a government website. ...Less

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UP ...More

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000. ...Less

Stock selection will be critical for investors as earnings and valuation gaps widen across large-, mid- a ...More

Stock selection will be critical for investors as earnings and valuation gaps widen across large-, mid- and small-cap stocks, according to Chandraprakash Padiyar, senior fund manager at Tata Asset Management. Padiyar said valuations look expensive in some pockets but reasonable in others, making earnings and cash-flow growth key filters in a more volatile global environment. He remains positive on banks and manufacturing, while seeing select auto-ancillary companies as a better way to play the auto theme. ...Less

CA Nitin Kaushik says you don’t need to be naturally good at managing money if you have a simple system. ...More

CA Nitin Kaushik says you don’t need to be naturally good at managing money if you have a simple system. He recommends tracking actual take-home income, dividing expenses into four categories, using 50/30/20 as a flexible starting point and assigning every rupee a purpose. He also advises setting specific financial goals, reviewing investments monthly and calculating net worth regularly to ensure money is moving towards your priorities. ...Less

State Bank of India will start charging a merchant discount rate on UPI payments exceeding Rs 2,000 from ...More

State Bank of India will start charging a merchant discount rate on UPI payments exceeding Rs 2,000 from October 15. The bank anticipates generating surplus revenue due to its extensive card issuing and payment gateway services. Initially, MDR fees will be divided among issuing and acquiring banks, payment gateways, and UPI applications. SBI is evaluating the potential impact of transaction splitting on its systems and volumes. ...Less

Diljit Dosanjh is set to electrify the Narendra Modi Stadium in Ahmedabad on November 21, 2026, marking a ...More

Diljit Dosanjh is set to electrify the Narendra Modi Stadium in Ahmedabad on November 21, 2026, marking a historic moment as his Aura World Tour makes its India debut. Fans can look forward to a dynamic performance featuring Diljit's chart-topping hits and spectacular stage visuals. Read on to know more about the ticket prices and how to book ...Less

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchan ...More

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants. ...Less

Moneyview, a digital lending platform, is planning a ₹750 crore IPO to fund loan growth. The company's re ...More

Moneyview, a digital lending platform, is planning a ₹750 crore IPO to fund loan growth. The company's registered users increased significantly, but asset quality has worsened with higher non-performing assets. Total income and loan disbursals have risen sharply, contributing to increased net profit. The company faces potential regulatory risks that may impact its unsecured loan growth. Investors are advised to evaluate financial clarity post-IPO before making decisions. ...Less

The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only ...More

The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI volume will be affected by this new charge. RuPay debit card transactions will remain free, mitigating cash transaction concerns. The ministry will monitor to prevent MDR burden transfer to consumers. This measure aims to create a sustainable digital payments ecosystem framework. ...Less

Elevate Campuses is set to generate ₹2,100 crore via an initial public offering aimed at fueling its expa ...More

Elevate Campuses is set to generate ₹2,100 crore via an initial public offering aimed at fueling its expansion plans and repaying existing debts. The firm specializes in managing student accommodations under its brands Good Host Spaces and ScholarZ. Significant increases in revenue and net profits are expected between FY24 and FY26 due to rising student housing demand. ...Less

Within the Indian financial landscape, the contrast between short- and long-term certificate of deposit r ...More

Within the Indian financial landscape, the contrast between short- and long-term certificate of deposit rates is becoming increasingly evident. Short-term rates are experiencing a decline thanks to heightened liquidity from foreign currency inflows. Conversely, long-term rates are climbing, fueled by expectations surrounding future interest hikes. Financial experts warn that borrowers could face higher costs as both inflation and global interest rates continue to rise. ...Less

Moneyview’s Rs 1,091.68-crore IPO opened for subscription on September 24, with the digital lender seekin ...More

Moneyview’s Rs 1,091.68-crore IPO opened for subscription on September 24, with the digital lender seeking to raise funds for loan disbursals and to strengthen its NBFC subsidiary. ...Less

IBPS RRB recruitment last date was earlier 21st September. Now the date has been changed and extended for ...More

IBPS RRB recruitment last date was earlier 21st September. Now the date has been changed and extended for a week. So applicants can now apply till 27th September. The official website to access is ibps.in. The application fees for SC, ST and PwBD candidates, the application fee is ₹175 for Office Assistant and Officer Scale I, II and III posts and for candidates belonging to other categories, the application fee is ₹850. ...Less

Finance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2, ...More

Finance Minister Nirmala Sitharaman confirmed that the Merchant Discount Rate on UPI payments above Rs 2,000 will not be passed to consumers. This rate is a charge borne by merchants and not the government. Sitharaman emphasized that this charge is not a tax, cess, or surcharge. The rate is set at 0.4% and will impact only certain UPI transactions. ...Less

In a shocking incident, a Gurgaon employee was reportedly lured into a honey trap and subsequently kidnap ...More

In a shocking incident, a Gurgaon employee was reportedly lured into a honey trap and subsequently kidnapped by a couple in Delhi. The victim, Pawandeep Joshi, endured assault and was extorted for Rs 70 lakh. Thanks to diligent police tracking across states, he was finally rescued in Mathura. Authorities arrested six individuals involved, including the alleged husband-wife perpetrators, recovering Joshi's vehicle, cards, and jewelry during the operation. ...Less

Moneyview IPO opened for subscription on September 24, 2026, with substantial demand from investors. The ...More

Moneyview IPO opened for subscription on September 24, 2026, with substantial demand from investors. The issue received bids for 33,48,61,002 shares against 23,25,24,175 shares available. Non-Institutional Investors led the demand, subscribing 2.43 times the available shares. The funds will primarily be utilized to expand Moneyview's lending business and enhance its operational capabilities. The shares are expected to list on both the NSE and BSE on October 1, 2026. ...Less

The Accel and Tiger Global-backed company has set a price band of Rs 32-34 per share for the IPO, which w ...More

The Accel and Tiger Global-backed company has set a price band of Rs 32-34 per share for the IPO, which will open for subscription on September 24 and close on September 28. ...Less

A Louisiana woman faced conviction for racketeering and negligent homicide in connection with the death o ...More

A Louisiana woman faced conviction for racketeering and negligent homicide in connection with the death of a reporter who was covering the Super Bowl. The reporter met the woman, who worked as a sex worker, in the French Quarter, and was later discovered lifeless in his hotel room, succumbing to narcotics. Both the woman and her pimp received convictions for their roles in the racketeering scheme. ...Less

The central government's decision regarding MDR and UPI is a welcome move that will help fund the infrast ...More

The central government's decision regarding MDR and UPI is a welcome move that will help fund the infrastructure needed to support rapidly growing digital payment volumes, former Chief Financial Officer and Board Member of Infosys Mohandas Pai has said, noting that nearly 96% of UPI transactions would remain unaffected. ...Less

If oil prices stay high and push up inflation, it is likely that banking stocks will come under pressure ...More

If oil prices stay high and push up inflation, it is likely that banking stocks will come under pressure because their business will be impacted. But even before the real business is impacted, it is likely that they will see selling pressure because of their FPI-heavy ownership structure. So, clouds of uncertainty hang over the sector’s stocks. But don't confuse the stocks with the business. ...Less

Petrol pump dealers in Punjab have warned of stopping UPI payments above Rs 2,000 if merchant discount ra ...More

Petrol pump dealers in Punjab have warned of stopping UPI payments above Rs 2,000 if merchant discount rate or digital transaction charges are imposed. The state dealers’ association has sought an exemption from the Centre, citing thin margins and rising operational costs. Representatives from Mohali have backed the proposed payment restriction and urged authorities to protect petroleum outlets from additional transaction expenses. ...Less