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From November 1, 2025, bank customers can nominate up to four persons in their accounts, either simultaneously or successively. The Banking Laws (Amendment) Act, 2025, aims to ensure transparency, uniformity, and efficient claim settlement across all banks

The rupee gained 21 paise to 87.75 against the US dollar on Friday, supported by foreign fund inflows, a softer greenback, and likely RBI intervention. Analysts expect further appreciation as investor sentiment improves and crude prices remain low.

RBI has conceptualised a Unified Market Interface and Unified Lending Interface to enhance fintech services, said Sanjay Malhotra. He urged inclusive, user-friendly designs, emphasised AI and digital infrastructure, and flagged growing digital fraud risks in India’s fintech ecosystem

The Reserve Bank of India has proposed draft rules to ease foreign currency borrowings for Indian companies. The framework expands eligible borrowers and lenders, links limits to financial strength, simplifies regulations, and allows market-determined interest rates for external commercial borrowings

The Reserve Bank of India has eased norms for small business loans and working capital lending to jewellers, allowing banks to adjust spreads more frequently and expand credit access. Feedback on these measures is open until October 20

ICICI Bank will implement same-day cheque clearance from October 4, aligning with RBI’s new settlement framework. Customers depositing cheques at branches will see faster processing, with Positive Pay mandatory for high-value cheques to prevent fraud and ensure smooth dispute resolution

Japanese lender SMBC has acquired an additional 4.22 per cent stake in Yes Bank, raising its holding to 24.22 per cent and becoming the largest shareholder. The move coincides with fresh AA- ratings for Yes Bank, signalling stronger governance, capital position, and performance

The RBI has cancelled the certificate of registration of Datta Finance and Trading Pvt Ltd for violating guidelines on outsourcing core functions in digital lending. The company will no longer operate as an NBFC following irregular lending practices

Private colleges in Telangana urged the government to clear Rs 8,000 crore fee dues and adopt a Trust Bank System, proposing a self-sustainable reimbursement model to ease financial burden on the State

The Reserve Bank of India has approved the reappointment of former Deputy Governor R. Gandhi as Yes Bank’s part-time chairman from September 2025 to May 2027. Gandhi, a veteran central banker with 37 years’ experience, previously served in RBI, SEBI, and IDRBT

The government has appointed former RBI Governor Urjit Patel as India’s Executive Director at the International Monetary Fund for three years, replacing KV Subramanian. Patel, who earlier served at the AIIB and IMF, resigned as RBI Governor in 2018

RBI Governor Sanjay Malhotra stressed that the central bank remains focused on growth despite tariff and geopolitical challenges. He urged banks and corporates to revive investments, assured sector-specific support, and confirmed upcoming measures to expand credit and enhance financial inclusion

Nearly all Rs 2,000 banknotes have returned to the RBI, with only Rs 6,017 crore—just 1.69 per cent of the total value—still in circulation as of July 31, Finance Minister Pankaj Chaudhary informed Parliament. The withdrawal began in May 2023

The Reserve Bank of India could consider further repo rate cuts if GDP growth underperforms and the US Federal Reserve adopts aggressive easing. HSBC Mutual Fund says liquidity will stay ample, with corporate bonds offering attractive spreads

Cheaper food and fuel prices drive down wholesale and retail inflation; RBI projects CPI at 3.1 per cent for 2025–26

From October 4, 2025, RBI will mandate banks to clear cheques within hours instead of up to two days. The Cheque Truncation System will shift to continuous clearing in two phases, enhancing efficiency, reducing settlement risks, and improving customer experience

ICICI Bank has rolled back its minimum average balance hike after public backlash, reducing it to Rs 15,000 for metro and urban customers, Rs 7,500 for semi-urban, and Rs 2,500 for rural areas. Penalties still apply for balances below the limit

Shares of One97 Communications, Paytm’s parent, surged nearly 6% to a 52-week high after the RBI granted in-principle approval for Paytm Payments Services to operate as an online payment aggregator, lifting a 2022 ban on onboarding new merchants

The RBI projects inflation at 3.1 per cent for 2025–26, with a likely uptick above 4 per cent by year-end.

Manush Shah and Anusha Kutumbale emerged champions in the UTT National Ranking Table Tennis Championships in Vadodara, with commanding performances in their respective singles finals. Youth titles also went to Priyanuj and Syndrela