Nabard felicitates cooperative banks and PACS, pushing digitisation, transparency and capacity-building in West Bengal to mark International Year of Cooperatives.
Nabard felicitated five DCCBs and several PACS in West Bengal, stressing a roadmap focused on digitisation and transparency; Nabard committed financial, technological and capacity-building support, including computerisation of PACS and expanded training initiatives.

Anil Ambani fraud probe: Supreme Court seeks replies and petitioner seeks court monitored SIT into alleged banking collusion.
The petition seeks a court monitored, time bound investigation into alleged large scale diversion of funds, fabricated financial statements and institutional complicity by Anil Ambani and ADAG, contending that the FIR and current ED/CBI probes are narrowly focused despite forensic audits flagging widespread irregularities; it requests a Writ of Mandamus and constitution of a Special Investigation Team of CBI and ED officers, and the Supreme Court has asked the Centre, CBI, ED and respondents to file replies within three weeks.

MobiKwik launches mobile forex purchases with instant UPI/netbanking top-ups and same-day settlement for retail USD transactions.
MobiKwik launched a mobile digital foreign exchange service in partnership with a bill-pay operator and a clearing corporation, enabling individual users to book, top up forex cards, or remit abroad via net banking or UPI with same-day (T+0) fulfilment, competitive USD pricing, instant rate locking, and regulatory oversight under the Reserve Bank framework.

Bajaj Finserv Banking and Financial Services Fund launches NFO offering diversified BFSI exposure; open ended equity scheme.
The Bajaj Finserv Banking and Financial Services Fund is an open ended equity scheme that invests across the BFSI ecosystem-banks, NBFCs, insurers, asset managers and fintechs-to provide diversified sector exposure; the New Fund Offer runs from 10 November 2025 to 24 November 2025 and the scheme reopens within five business days of allotment; investors are warned that mutual fund investments are subject to market risks and should review scheme documents carefully.

Government of India re-issues two government securities by multiple-price auction with non-competitive allotment and When Issued trading.
Re-issue auctions of 6.01% Government Security 2030 (Rs.18,000 crore notified) and 7.09% Government Security 2074 (Rs.12,000 crore notified) will be conducted by the RBI (Mumbai) on November 21, 2025 using a price-based multiple price method; GoI may retain up to Rs.2,000 crore extra per security. Up to 5% of each issue is reserved for eligible non-competitive bidders. Bids must be submitted electronically via E-Kuber (non-competitive 10:30-11:00 a.m.; competitive 10:30-11:30 a.m.). Payment is due November 24, 2025, and the securities qualify for When Issued trading under RBI guidelines.

PayU authorized as payment aggregator for online, offline and cross-border transactions enabling integrated merchant payment and settlement services.
Authorization to operate as a Payment Aggregator covers online, offline and both inward and outward cross-border transactions under the Payment and Settlement Systems framework, enabling provision of payment acceptance, settlement and cross-border solutions for merchants across channels while remaining subject to applicable regulatory compliance and oversight.

AU Savings Account adapts across life stages with digital banking, monthly interest, NRI access and senior benefits.
AU Small Finance Bank offers a lifecycle savings account suite combining high interest, digital-first services, and tailored variants. Key operational features include instant video account opening, low onboarding requirements, mobile app spending and savings tracking, monthly interest payouts, a feature-rich debit card, doorstep and phone banking, and dedicated branch support. Specialized products address cross-border needs via an NRI account with remittance and remote access support, and retirement needs via a senior citizen account offering assisted services and exclusive benefits to ease everyday banking.

Exchange rate volatility: rupee pressured by dollar strength and capital outflows, amid falling reserves and easing WPI.
Rupee depreciation reflected exchange rate volatility driven by a firmer US dollar and sustained foreign capital outflows, partially offset by domestic equity gains and lower crude prices; the currency move occurred alongside significant foreign institutional investor selling, declining foreign exchange reserves, and a marked easing in WPI-based inflation, with market attention on prospective trade developments and upcoming PMI data as near-term determinants of capital flows and exchange rate direction.

Bajaj Finserv Banking and Financial Services Fund NFO offers sector-focused exposure to India's BFSI growth via a research-driven portfolio.
Bajaj Finserv Banking and Financial Services Fund is a sector-focused mutual fund NFO (Nov 10-24, 2025) offering concentrated exposure to banks, NBFCs, insurers, asset managers and fintechs; it targets long-term investors seeking participation in structural BFSI growth and uses a research-driven selection process that narrows an initial universe of ~1,100 stocks through megatrend filters and the proprietary InQuBe framework to an indicative portfolio of 45-60 stocks, while advising investors of market risks and recommending consultation of scheme documents and advisors.

Central bank accounting: prudence-driven revaluation, provisioning and rule-based surplus policy shape balance-sheet resilience and disclosures.
Accounting frameworks for central banks vary widely; key policy choices affecting capital and income recognition include revaluation frequency, treatment of unrealised gains and losses, provisioning methodology, and surplus distribution. RBI's approach under its statutory framework and the Economic Capital Framework emphasises prudence: daily translation of foreign currency and gold, periodic mark-to-market of domestic securities, non-recognition of unrealised gains as income, charging unrealised losses to contingency provisions, separation of Issue Department accounts, and rule-based surplus transfers, with disclosures balancing transparency and confidentiality.

Unclaimed deposit resolution incentivised: banks offered differential pay out to accelerate settlement and reactivate inoperative accounts.
RBI directs banks to identify, trace and return unclaimed and inoperative account funds through proactive depositor contact and verification, supported by UTLBC settlement camps. The Scheme for Facilitating Accelerated Assets Pay-out - Inoperative Accounts and Unclaimed Deposits provides a differential pay out to banks that reactivate inoperative accounts and settle unclaimed deposits within the scheme period, subject to a cap based on account balance or a fixed upper limit, to accelerate time bound settlement.

Rupee rises to 88.66 against the US dollar amid equities rebound, crude-led headwinds and trade-deal uncertainty.
Rupee strengthened 4 paise to 88.66 against the US dollar on November 14, 2025, supported by a late-session domestic equity rebound and favourable local political developments, while appreciation was limited by a stronger US dollar and rising Brent crude; trade-deal uncertainty and narrow spot and forward ranges amid improving liquidity were cited, with concurrent WPI deflation and foreign institutional investor selling noted.

Monetary policy outlook shapes market sentiment as central bank meetings drive positioning and sectoral divergence in equities.
Monetary policy uncertainty ahead of the RBI MPC and the US Fed FOMC materially influenced markets, with hawkish US Fed commentary weighing on rate-cut expectations while India-specific policy outlook supported selective buying. Equity benchmarks closed higher for a fourth session, led by banking, FMCG and telecom, amid mixed sectoral performance and intraday volatility. Net foreign institutional selling contrasted with sustained domestic institutional buying, and a significant electoral mandate was noted as a near-term positive for sentiment alongside easing inflation and an improved corporate earnings backdrop.

Bajaj Finserv Banking and Financial Services Fund NFO offers sector-focused equity exposure to India's evolving BFSI ecosystem.
The Bajaj Finserv Banking and Financial Services Fund is an open-ended equity scheme with an NFO from November 10-24, 2025, reopening within five business days of allotment. It targets a curated portfolio of approximately 45-60 stocks drawn from a ~200-company BFSI megatrends universe, investing across banks, NBFCs, insurers, AMCs and intermediaries to capture digitalisation, inclusion, and credit/insurance growth, with strategy considerations including valuations and asset-quality trends; investments are subject to market risk and scheme documents should be read carefully.

Crypto banking-style oversight expands to virtual asset service providers, extending AML, consumer protection and FX reporting obligations.
Brazil created a licensed category, Sociedades Prestadoras de Servic os de Ativos Virtuais (SPSAVs), subjecting crypto brokers, custodians and intermediaries to banking style authorisation and operational rules. The regime extends consumer protection, transparency and anti money laundering obligations to crypto firms and classifies stablecoin transactions and certain self custody wallet transfers as foreign exchange operations, triggering new reporting standards and phased compliance timelines for cross border reporting.

Foreign exchange reserves decline signals reduction in reserve components and FX revaluation effects in official reporting.
India's Foreign Exchange Reserves contracted in the week ended November 7, driven primarily by a decrease in Foreign Currency Assets; gold and SDR valuations also declined while the reserve position with the IMF remained unchanged, and foreign currency asset figures reflect valuation effects from non US currency movements when expressed in dollar terms.

Foreign exchange market: rupee weakens as dollar strength and higher crude exert downward pressure on local currency.
The rupee settled lower against the US dollar as dollar strength and higher Brent crude futures exerted downward pressure, despite modest support from a rebound in domestic equities. Foreign institutional investor selling and sensitivity to the dollar index contributed to the move. Domestic wholesale price inflation eased markedly, while an external ratings projection cited ongoing GDP growth supported by infrastructure and consumption-factors that bear on medium-term exchange rate dynamics and monetary policy stance.

Anil Ambani offers virtual appearance to cooperate after FEMA summons over alleged hawala transfers linked to a highway project.
Summons under the Foreign Exchange Management Act seek a recorded statement about alleged outward transfers of about Rs 100 crore via hawala related to the Jaipur-Reengus Highway project; the Enforcement Directorate recorded statements from several persons and summoned the individual, who has offered to appear by virtual means and asserts the contract was purely domestic and that he was a non-executive director not involved in daily management.

Currency market intervention limits rupee appreciation amid trade-deal uncertainty and foreign fund outflows and bond-market support.
The rupee depreciated amid investor caution over the non-announcement of a pending India-US trade deal and foreign fund outflows. The Reserve Bank has been selling dollars and intervening in the bond market to keep yields low and absorb liquidity, actions that have limited upward movement in the rupee while domestic equities and FII selling exerted downward pressure.

Fraud risk management strengthened by real-time EFRM deployment, enabling automated blocking and IVR-based customer verification and alerts.
Implementation of an Enterprise Fraud Risk Management platform centralises real time monitoring of digital channels to block high risk transactions, decline severe risk transactions, and trigger rapid customer communication via IVR, SMS, WhatsApp or email for legitimacy confirmation; alerts may be automatically closed based on IVR inputs, while integration with AML systems and planned AI driven capabilities (behavioural profiling, device fingerprinting) and enhanced authentication (2FA/MFA) expand detection and reduce false positives.