Myth: once you ask the bank for a stop payment of a cheque, you are legally safe. Fact: the bank will refuse to pay the cheque, but the person holding it may still be able to file a cheque bounce case against you. The Supreme Court has held more than once that a cheque returned…
Before you close a bank account, tick off five things: move auto-debits and SIPs, update your salary and UPI links, empty the balance, return or destroy unused cheques, and check whether a closure charge applies. Most people trip on the first and last. A forgotten EMI mandate can bounce and cost a penalty, and closing…
Priya, a teacher in Pune, tries to withdraw ₹10,000 from another bank’s ATM on 16 October. The machine whirs, no cash comes out, and an SMS says ₹10,000 has been debited. If this has happened to you, RBI rules are on your side: when an ATM shows cash not dispensed but your account is debited,…
The Nifty 50 closed at 23,146.15 on Friday, 16 October 2026, up 148.80 points or 0.65%, as IT shares jumped after quarterly results. The Nifty IT index rose 3.92%, its biggest gain among NSE’s sector indices. The BSE Sensex added 413.66 points, or 0.56%, to 74,729.27, BusinessLine reported. Nifty today also wrapped up a strong…
The rule is simple: on a date in NSE’s trading holiday list, there is no trading in equities, equity derivatives or currency derivatives for the whole day. The next such date is Tuesday, 20 October 2026, for Dussehra. After that come Diwali Laxmi Pujan on Sunday, 8 November (a muhurat trading day), Diwali-Balipratipada on Tuesday,…
Loans given by India’s scheduled commercial banks stood at ₹229.95 lakh crore on 30 September 2026, up 19.38% from a year earlier, according to RBI’s fortnightly statement released on 15 October. Deposits rose 17.83% to ₹283.96 lakh crore. So bank credit growth is again running ahead of deposit growth, and the gap shows up in…
Normal trading in F&O stocks now stops at 3:15 PM; from 7 December 2026 it will run until 3:30 PM again. That is the headline of a SEBI circular dated 15 October 2026, which resets the closing auction session to a 10-minute window from 3:30 PM to 3:40 PM, lets index and stock derivatives trade…
The Supreme Court on Thursday, 15 October 2026, dismissed appeals by Yes Bank, the Reserve Bank of India (RBI) and the Union of India, and upheld the Bombay High Court’s January 2023 order that quashed the write-down of Yes Bank AT1 bonds worth ₹8,415 crore. A bench of Justices Dipankar Datta and Augustine George Masih…
Tried to start a SIP in a gold ETF fund of funds this week and got a rejection? You are not alone. From Friday, 16 October 2026, ICICI Prudential, Tata and Mirae Asset have stopped fresh lump-sum investments, switch-ins and new SIP registrations in their gold ETF fund of funds schemes “till further notice”, according…
₹1,46,426 per 10 grams: IBJA’s 24-carat gold fix closed there on Friday, 16 October 2026, ₹484 higher than Thursday. Silver rose more, by ₹2,643 to ₹2,10,918 a kg. So the gold silver price today breaks a run of daily falls, though both metals are still lower than a week ago. Below are IBJA’s AM and…