RBI moved on three fronts this week to steady the rupee and drain surplus cash. The RBI forex measures came on Saturday 10 October: two foreign-exchange circulars, one of which brings in a new 20% cash reserve on some hedging contracts. It also opened a dollar window for the three public-sector oil companies from Monday…
The repo rate is now 5.50%. On Wednesday 7 October, the Monetary Policy Committee voted 6–0 to raise it by 25 basis points and switched its stance from neutral to “calibrated tightening”. Within hours of the RBI MPC decision, at least five banks announced higher lending benchmarks effective today, Thursday 8 October. Here is what…
“Paytm Payments Bank Limited has been excluded from the Second Schedule to the Reserve Bank of India Act, 1934.” That single sentence was RBI’s whole announcement on Wednesday 7 October (press release 2026-2027/1273). The exclusion itself took effect through a notification dated 31 July 2026, published in the Gazette of India on 7 September. For…
By 31 December 2026, which is 84 days from today, RBI expects two changes to how your financial data moves. First, any account aggregator you use should be able to pull information through every other aggregator. Second, the Consolidated Account Statement (CAS) you get from the depositories can start showing your bank deposits next to…
The Reserve Bank of India on 5 and 6 October 2026 extended its directions on six co-operative banks by three more months, keeping their withdrawal limits in place until early January 2027. Each extension order states that “Other terms and conditions of the Directive under reference, shall remain unchanged.” For depositors, that means the co-operative…
General insurers have discussed adding a 10% health insurance co-pay to inpatient claims, according to reports published on 5 and 6 October 2026. Mint, citing The Times of India, reported that it would apply from 1 January 2027, with the co-pay capped at ₹5 lakh per claim. Business Standard reported that the General Insurance Council…
UIDAI has issued a new Standard Operating Procedure for updating names in Aadhaar. The SOP was signed on 18 September 2026 by Nikhil Sinha, Director, under file number HQ-16024/4/2020-EU-I-HQ, and took effect from that date. It replaces the 28 October 2021 SOP on name and gender updates under exception handling. The key rule is in…
Insurance commission rules may tighten before 25 October 2026. The Insurance Regulatory and Development Authority of India (IRDAI) has put out a public consultation paper — an IRDAI consultation — on “Recalibrating Economics of Insurance Distribution,” proposing statutory caps on commissions and expenses of management (EoM) so that payouts to distributors are less of a…
HDFC Bank CEO succession cleared on 1 October 2026: the Reserve Bank of India has approved the appointment of Anup Bagchi as Managing Director and Chief Executive Officer of HDFC Bank for a three-year term, the bank said in filings and as reported by The Hindu and The Indian Express. He is to take charge…
Sensex today rose 472.77 points, or 0.66%, to close at 72,382.47 on Monday, 5 October 2026, and the NSE Nifty 50 gained 133.80 points, or 0.60%, to 22,555.75, according to BusinessLine’s market wrap, consistent with levels on the NSE site. The session snapped an eight-week losing streak for the benchmarks, helped by softer US jobs…