The Dearness Allowance (DA) payable to bank employees for the quarter May to July 2026 has been arrived at based on the movement in the **All India Consumer Price Index for Industrial Workers (CPI-IW). For the reference months January 2026, February 2026, and March 2026, the CPI-IW (General) indices stood at 148.60, 148.50, and 149.10…
The Dearness Allowance (DA) payable to bank employees for the quarter May to July 2026 has been arrived at based on the movement in the **All India Consumer Price Index for Industrial Workers (CPI-IW). For the reference months January 2026, February 2026, and March 2026, the CPI-IW (General) indices stood at 148.60, 148.50, and 149.10…
The Dearness Allowance (DA) payable to bank employees for the quarter May to July 2026 has been arrived at based on the movement in the **All India Consumer Price Index for Industrial Workers (CPI-IW). For the reference months January 2026, February 2026, and March 2026, the CPI-IW (General) indices stood at 148.60, 148.50, and 149.10…
The Dearness Allowance (DA) payable to bank employees for the quarter May to July 2026 has been arrived at based on the movement in the **All India Consumer Price Index for Industrial Workers (CPI-IW). For the reference months January 2026, February 2026, and March 2026, the CPI-IW (General) indices stood at 148.60, 148.50, and 149.10…
The Reserve Bank of India (RBI) has issued updated directions under the E-mandate framework for digital payments, aimed at strengthening the safety, transparency, and customer control over recurring transactions. These provisions apply to all Payment System Providers (PSPs) and participants processing recurring payments—both domestic and cross-border—through instruments such as cards, prepaid payment instruments (PPIs), and…
In its Press Release dated April 8, 2026, the Reserve Bank of India (RBI) outlined a series of significant developmental and regulatory policy measures aimed at enhancing efficiency, reducing compliance burdens, and strengthening the financial ecosystem. Below is a structured overview of the key announcements: I. Banking Regulation 1. Relaxation in CRAR Computation Norms The…
The Monetary Policy Committee (MPC) met on April 6, 7, and 8 to deliberate on the policy repo rate. After a detailed assessment of evolving macroeconomic and financial conditions, as well as the broader outlook, the MPC unanimously decided to keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.25%. Accordingly,…
India has further reinforced its regulatory framework governing cash-based transactions with effect from 1 April 2026. This evolving regime expands the practical scope of existing provisions under the Income-tax Act, 1961, while strengthening the reporting and monitoring responsibilities of banks and financial institutions. For a banking-focused audience, the framework represents a convergence of tax law…
The government of India today announced that the interest rates on small savings schemes, including PPF, SSY, NSC, and post office deposits, will remain unchanged for the First Quarter of FY 2026-27 (from April 1, 2026 to June 30, 2026), according to a Finance ministry notification. The rate of Interest chart: Scheme Interest rate for…
Starting April 1, 2026, India introduces a significant change in its tax documentation system: Form 130 will replace the current Form 16 as the mandatory annual certificate for Tax Deducted at Source (TDS). This update comes under the framework of the new Income Tax Act, 2025, and aims to simplify and modernize tax reporting for…
