Kamala, 76, stopped going to her bank branch after standing in a queue for an hour to submit her pension life certificate last November. Her son assumed she now had to rely on him for every withdrawal. She did not. Since 2017, RBI has required banks to make specific arrangements for senior citizens and differently…
Two years without a single transaction you started yourself. Under RBI’s rules, that is all it takes for a savings or current account to become an inoperative account. Interest still gets credited and your money is safe, but you cannot withdraw it until you reactivate the account. The good news: RBI says banks cannot charge…
Date, name, amount in words, amount in figures, signature. Five fields, and a mistake in any one of them can send a cheque back unpaid. If you only occasionally write a cheque for rent, school fees or a deposit, it is easy to forget the rules that matter under the Cheque Truncation System (CTS), which…
Banks parked ₹1.47 lakh crore with RBI overnight on 20 October, yet RBI is still lending them money through repo auctions. That apparent contradiction sits at the centre of RBI liquidity operations this week. Between 19 and 22 October, RBI has run or announced three repo auctions worth ₹2 lakh crore, and on 21 October…
Profit up 29%, shares down 3.3%. Bajaj Finance reported a consolidated net profit of ₹6,367 crore for July–September 2026 after market hours on Monday, 19 October. When trading resumed after the Dussehra holiday on Wednesday, the stock fell to ₹925.10, the biggest loss on the Sensex, as investors focused on a rise in overdue gold…
₹5,000. From the close of business on Wednesday, 21 October 2026, that is the most a depositor of Puducherry Co-operative Urban Bank Ltd can withdraw from all their accounts put together. RBI announced the curbs in a press release today, issuing directions under Section 35A of the Banking Regulation Act for six months, until 21…
“Rate cuts are off the table in the near term.” That line, from the resolution of RBI’s Monetary Policy Committee, is the clearest message in the MPC minutes released on Wednesday, 21 October 2026. The minutes of the 5–7 October meeting confirm that all six members voted to raise the repo rate by 25 basis…
How did the biggest IPO of the year start? Strongly with institutions, slowly with small investors. By about 7 PM on Wednesday, 21 October 2026, the Jio Platforms IPO had drawn bids for 3.16 times the shares on offer, according to BSE’s consolidated bid data as reported by NDTV Profit and others. Qualified institutional buyers…
The headline numbers looked calm. Underneath, it was a rough day. On Wednesday, 21 October 2026, the first session after the Dussehra holiday, the Sensex today slipped just 143.21 points (0.19%) to 73,709.69, and the Nifty 50 lost 77.60 points (0.34%) to 22,811.35. But the Nifty Smallcap 100 fell 2.37%, with 91 of its 100…
IBJA is back after the Dussehra break, and its first fix shows gold cheaper. The India Bullion and Jewellers Association’s evening rate for 24-carat (999) gold on Wednesday, 21 October 2026, is ₹1,44,105 per 10 grams, down ₹1,839 (1.26%) from Monday evening. Silver 999 is ₹2,06,783 a kg. This gold silver price today report leads…