On a bank’s service desk, the first week of a new month or quarter brings a familiar kind of complaint: a debit of a few hundred rupees marked “non-maintenance of AMB” or “MAB charges”, often on an account the customer had nearly forgotten. Most of these customers assume the bank can charge whatever it likes…
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…
Meena Joshi rents a medium-sized locker at her bank’s branch in Jaipur for ₹4,000 a year plus GST. Inside are her wedding jewellery, which she values at about ₹12 lakh, her property papers and a few gold coins. Like many locker holders, she has never read the agreement she signed, and she assumes the bank…
Farida Khan, 54, a school clerk in Lucknow, tried to withdraw ₹20,000 from her savings account in August 2026 and was told at the counter that debits were blocked. Her salary had been credited two days earlier without trouble. The reason was a pending re-KYC: her account, opened in 2015, had fallen due for a…
Sunil Rao, a retired railway employee in Nagpur, died in July 2026 at 68. He left ₹9 lakh in a savings account where his wife Lata was the registered nominee, and a ₹12 lakh fixed deposit he had opened years earlier without naming anyone. His son Arun assumed the whole amount would simply go to…
Kavita runs a small catering business in Pune. On 6 October 2026 she deposits a cheque for ₹85,000 from a corporate client, dated 5 October. The next evening her bank’s SMS says the cheque has been returned: “funds insufficient”. She has the cheque, a return memo and a client who has stopped answering calls. What…