Indian Banks Took a $500 Million Forex Hit After RBI Rupee Position Limits, Then Rebounded
Indian banks lost about $500 million on forex trading books after RBI’s rupee net open position cap, then recouped $400…
Section
Category: Fintech & Banking
Banking, RBI, UPI, payments and fintech news.
Bajaj Finance Capital Raise: ₹17,500 Crore Plan Explained
Bajaj Finance capital raise: the non-bank lender’s board approved a plan on 1 October 2026 to raise up to ₹17,500…
RBI Bank Stake Rules: One-Time Approval Explained
India’s central bank has changed how certain domestic funds, insurers and pension funds seek permission to rebuild a major holding…
RBI Directs Banks to Fix Repeat Customer Complaints and Root-Cause Gaps
The RBI has directed banks to fix the root causes behind repeat customer complaints and strengthen grievance redressal.
India 10-Year Bond Yield Hits 7.21% as Oil and RBI Fears Rise
India’s benchmark 10-year bond yield hit 7.21%, a two-and-a-half-year high, on oil and RBI rate-hike worries.
HDFC Bank CEO: Bagchi Set for Oct 27, Vote Pending
HDFC Bank CEO succession has a confirmed timetable, not an immediate handover. The bank said on 1 October 2026 that…
Seeds Fincap Raises ₹100 Crore for MSME Lending
Seeds Fincap has raised more than ₹100 crore in a Series B round led by the Michael & Susan Dell…
UPI Transactions Hit 802 Million a Day in September
UPI transactions averaged about 802 million a day in September 2026, even as the monthly count fell to 24.07 billion…
Jio Allianz Gets ₹640 Crore Insurance Capital Infusion
Jio Allianz General Insurance received ₹640.10 crore in fresh equity on September 30, 2026, after its equal owners Jio Financial…
Apple Pay India Launch: How Axis Cards Work Alongside UPI
Apple Pay launched in India on 30 September 2026 with Axis Bank as its first reported issuing partner. It lets…