RBI Tightens Loan Recovery Rules: What Banks and Recovery Agents Must Know
The Reserve Bank of India (RBI) has issued amended directions on the conduct of regulated entities in recovery of loans and engagement of recovery agents, creating a more uniform and borrower-protective framework. The directions consolidate earlier instructions and strengthen requirements relating to recovery agents, borrower communication, data protection, training and grievance redressal. Effective from January…
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India’s Top Bank Deposit Rates – Latest Update
Updated on August 6, 2026 Interest rates on bank deposits vary across institutions in India. To help you stay informed, we’ve compiled the latest deposit interest rates offered by all public sector banks and leading private sector banks. In the lists below, banks are arranged alphabetically under their respective categories —Public Sector Banks and Private…
Read article RBI’s Repo Rate Adjustments continues to Pause
The Monetary Policy Committee (MPC) met on the 3rd, 4th and 5th of August to deliberate and decide on the policy repo rate. After a detailed assessment of the evolving macroeconomic and financial developments and the outlook, the MPC voted unanimously to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at…
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Merchant Fees on UPI Payments: Key highlights of new Parliamentary Bill
India’s digital payments landscape may be heading towards a significant policy change. A Bill introduced in Parliament by the Ministry of Finance proposes amendments to the Payment and Settlement Systems Act, 2007, creating a legal framework that would enable the government to prescribe Merchant Discount Rate (MDR) for UPI and other electronic payment systems. While…
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High-Risk UPI Transactions May Soon Require a ‘Yes-No’ Confirmation
Indian banks have reportedly proposed introducing a simple “Yes-No” confirmation prompt for high-risk UPI person-to-person (P2P) transfers as an additional safeguard against rising digital payment frauds. The proposal seeks to strike a balance between maintaining UPI’s hallmark speed and convenience while providing customers with an opportunity to verify suspicious transactions before funds are credited to…
Bankers’ Books Evidence Bill, 2026: What Banks, Courts, and Customers Should Know
The introduction of the Bankers’ Books Evidence Bill, 2026 in Parliament marks a significant milestone in the modernization of India’s banking and legal framework. Introduced in the Lok Sabha, the Bill seeks to replace the Bankers’ Books Evidence Act, 1891, a colonial-era legislation that has governed the admissibility of bank records in judicial proceedings for…
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