Central Bank of India reported a standalone net profit of ₹1,212.88 crore for the quarter ended 30 September 2025 (Q2 FY26), marking a 32.86% year-on-year increase. The bank’s asset quality improved with Gross NPA at 3.01% and Net NPA at 0.48%. Total business reached ₹7,37,938 crore, supported by deposit growth and stable margins. The Net…
Punjab National Bank (PNB) reported a robust financial performance for the quarter and half-year ended 30 September 2025 (Q2/H1 FY26), with notable improvement in profitability, asset quality, and business expansion. The following highlights provide a detailed summary of key metrics across performance segments. Profitability Asset Quality Business Growth Capital and Liquidity Segment and PSL Performance…
Abstract This paper outlines the regulatory framework and documentation requirements governing the Know Your Customer (KYC) process for opening various types of bank accounts in India. It integrates the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) and the Reserve Bank of India (RBI) Master Directions on KYC, highlighting the risk-based approach, documentation…
Indian Overseas Bank (IOB) has reported a record quarterly performance for the unaudited quarter and half year ended 30 September 2025, driven by strong profitability, robust business growth, and continued improvement in asset quality. For Q2 FY26, the bank’s net profit stood at ₹1,226 crore, marking a sharp 57.8% year-on-year (YoY) increase, supported by higher…
Opening a bank account in India requires following specific rules and submitting valid documents. The procedure and documentation vary depending on whether the applicant is an individual, company, society, cooperative, or institution. This article explains the step-by-step requirements and includes easy compliance checklists for each category of account holder. 1. Opening Current Accounts for Clubs,…
Leave entitlements in banks are designed to accommodate both professional and personal needs of employees, while ensuring continuity of service and compliance with HR policies. Among these, Special Leave* and Extraordinary Leave (EOL are two important categories offering flexibility under specific circumstances. 1. Special Leave Special leave may be granted to bank employees for specific…
Indian exporters are now permitted to open and maintain Foreign Currency Accounts (FCAs) outside India, including in IFSC Banking Units, for receipt of full export value and advance remittances. The Seventh Amendment to the 2015 Regulations, issued in October 2025, clarifies repatriation timelines and defines the permissible use of funds, thereby enhancing flexibility and efficiency…
Introduction The increasing adoption of digital payment systems has significantly transformed the retail and service sectors in India. Among various electronic payment modes, **card-based transactions**—through debit cards, credit cards, and smart cards—have become particularly widespread. These payment methods are now accepted by a broad range of establishments including railways, airlines, malls, hotels, and retail outlets.…
Remitting salary from India to an overseas account is permissible, but must comply with FEMA, RBI’s Liberalised Remittance Scheme (LRS), bank KYC/purpose documentation, and income-tax TCS rules that apply to outward remittances depending on purpose and threshold limits. Resident individuals can generally use LRS up to USD 250,000 per financial year for permitted current account…
International flight baggage rules vary by airline, but most follow similar standards for both checked and cabin baggage. Understanding these limits helps travellers avoid last-minute surprises at the airport. Checked Baggage• Weight and Size: The standard limit for a single checked bag is usually 23 kg (50 lbs), with total dimensions (length + width +…