The Reserve Bank of India amended its bank-shareholding directions on 1 October 2026 so that SEBI-registered mutual funds, IRDAI-registered insurers and PFRDA-registered pension funds can seek a one-time approval to rebuild a “major shareholding” of up to 10% in a bank without starting the approval process again after their stake falls below 5%. The change…
RBI Governor Sanjay Malhotra said on 3 October 2026 that the next financial crisis “may not originate in a bank, or even in finance” and could begin with “a geopolitical event, a cyberattack, or a technological failure”. He was speaking at the fifth Kautilya Economic Conclave in New Delhi, four days before the RBI’s monetary…
SEBI’s public consultation on the closing auction session, stock market timings and expiry-day settlement of derivatives closed on 3 October 2026 with 20,000 comments received by 7 PM, the regulator said in a post on X. Chairman Tuhin Kanta Pandey said the same day that SEBI would “quickly look at all these comments and go…
Foreign portfolio investors sold a net ₹35,861 crore of Indian equities in September 2026, according to the month column of NSDL’s FPI report. A further ₹9,232 crore of selling, made on 30 September, is booked in NSDL’s October column because the depository records each day’s trades on the following business day. Counted by trade date,…
India’s forex reserves fell by $18.34 billion to $747.56 billion in the week ended 25 September 2026, according to the Reserve Bank of India’s weekly data released on Friday, 2 October. Business Standard, citing Bloomberg data, called it the biggest weekly fall on record. It was the third weekly decline in a row, after reserves…
SEBI has told every stock broker to display investor awareness messages supplied by the regulator on their websites from 5 October 2026, and on the landing page of their trading apps from 1 November. The circular, dated 1 October 2026, falls under Project Jagrook, SEBI’s investor education campaign, and comes ahead of World Investor Week…
PIB Fact Check said on 1 October 2026 that a viral “gazette notification” declaring every Saturday a holiday for public sector banks is fake. Banks are open today, Saturday 3 October, and the rule from 2015 still applies: the second and fourth Saturday of each month are holidays, and the other Saturdays are working days….
The 57th meeting of the GST Council will be held on Wednesday, 7 October 2026, in New Delhi from 11 AM, according to a GST Council Secretariat office memorandum dated 6 September that moved it from 12 September. Officers will meet on 5 and 6 October, and the final agenda has not been made public….
Domestic passenger vehicle (PV) wholesales rose 21.4% to 4,63,081 units in September 2026 from 3,81,435 a year earlier, Business Standard reported on 1 October, with a weak base doing much of the work. Company-wise car sales September 2026 figures show Maruti Suzuki’s domestic PV wholesales up 36.9% at 1,81,838 units, Tata Motors and Mahindra &…
Gross GST revenue rose 14.7% to ₹2,03,521 crore, or about ₹2.04 lakh crore, in September 2026, from ₹1,77,365 crore a year earlier, according to provisional data released on 1 October. Provisional data on GST collection September 2026 also show GST on imports up 25.9% at ₹65,525 crore, against 10.1% growth in gross domestic revenue to…