ED seizes Indian immovable assets equivalent to alleged undisclosed Dubai properties for lack of authorised outward remittance.
Seizure orders under Section 37A of the Foreign Exchange Management Act were issued to attach Indian immovable properties equivalent to alleged undisclosed Dubai assets because the individuals purportedly acquired foreign properties without corresponding outward remittances through authorised banking channels, failed to provide documentary evidence of the source of overseas funds, and did not show RBI approvals.

IDFC FIRST Bank reports unaudited Q3 results: PAT up 48%, improved asset quality and regulatory compliance assurances.
IDFC FIRST Bank approved unaudited Q3 FY26 results reporting PAT of Rs. 503 crore, expansion in customer business, loans, deposits and CASA, improved GNPA and stable capital adequacy, reduced quarterly provisions, and identified principal lending drivers; the release includes governance assurances, adherence to regulatory guidelines and an explicit forward-looking statements caution noting risks from economic conditions, interest rate volatility and regulatory changes.

Training 1,000 credit officers through a specialised residency blending due diligence, underwriting and digital banking skills.
A residency training programme between a workforce development academy and a public sector bank provides intensive, simulation-led instruction for 1,000 credit officers focused on due diligence, credit underwriting, risk management, AI-driven risk assessment, digitized onboarding and business communication; the initiative prioritises inclusive recruitment and draws on a long-standing institutional partnership to deliver immediate job-ready proficiency in credit approval and compliance-related functions.

Anil Ambani probe ordered to be fair, prompt and broadened to include alleged collusion, and SIT formation urged.
The Supreme Court directed investigative agencies to conduct a fair, prompt and dispassionate probe into alleged large scale corporate and banking fraud involving ADAG, sought consolidated status reports within four weeks, criticised registering a single FIR despite multiple bank complaints, and ordered expansion of the probe to include potential collusion by bank officials and constitution of a special investigation team of senior officers to take the inquiry to a logical conclusion.

NABARD priority sector credit potential for Jammu and Kashmir: Rs 49,795.58 crore aims at last mile inclusion.
NABARD projects Rs 49,795.58 crore as priority sector credit potential for Jammu and Kashmir for 2026-27 and positions the Potential Linked Plan (PLP) as the guiding instrument to direct credit flow. The strategy prioritises last mile inclusion, universal Kisan Credit Card coverage, a shift to commercially viable agriculture through infrastructure, processing and term lending, strengthening FPOs and Rural MSMEs, and sectoral support for horticulture, handloom and handicrafts, wool processing, fisheries, and decentralised tourism, supported by collaborative planning and delivery tools like micro ATMs.

Odisha priority sector credit projected at Rs 3.15 lakh crore for FY27; MSMEs and agriculture lead.
NABARD projects Odisha's priority sector credit potential at Rs 3.15 lakh crore for FY2026 27, up from Rs 2.52 lakh crore, with MSME financing at Rs 1.52 lakh crore and agricultural credit at Rs 1.14 lakh crore; the balance covers housing, education, renewable energy, social infrastructure, export credit and others. The State Focus Paper released at the credit seminar stresses stakeholder mobilisation and readiness of banks to deliver the enlarged credit targets in support of the state's Vision 2036.

India US trade deal lowering reciprocal tariffs narrows the current account and spurs rupee appreciation and renewed foreign inflows.
The India US trade agreement lowering the reciprocal tariff to 18% is expected to narrow the current account deficit and reopen foreign institutional investor participation, causing a marked rupee appreciation and large equity inflows, while central bank foreign exchange intervention and transitional frictions in energy sourcing may moderate these effects.

RBI monetary policy meeting likely to pause on repo rate amid low inflation and a watch on CPI and GDP data.
The Monetary Policy Committee is likely to pause after cumulative repo easing, keeping the repo at 5.25% following recent rate cuts, while considering liquidity measures such as open market operations, forex swaps and a possible CRR reduction; forthcoming CPI and GDP releases will guide whether to hold or cut further.

Rupee strengthens after India-US trade deal reducing reciprocal tariffs, boosting markets and easing external balance pressures.
The India-US trade deal lowering reciprocal tariffs to 18 percent triggered a 1.33% appreciation of the rupee to 90.27 per dollar, driven by expected foreign inflows, weaker crude prices, and improved market sentiment. Analysts estimate the tariff cut could narrow the current account deficit by about 0.25 percentage points of GDP in CY26, supporting the INR, but caution that RBI foreign exchange interventions and trade frictions (such as redirecting Russian oil purchases) could complicate the currency's adjustment and forecasts.

Indo US trade deal cuts reciprocal tariffs to 18%, easing uncertainty and potentially boosting India's growth outlook.
The Indo US trade agreement lowers the reciprocal tariff on Indian goods from 25% to 18%, removing significant economic uncertainty. The government will review deal details to determine effects on the FY27 Budget prepared under prior tariff assumptions, while remaining confident about meeting fiscal commitments and noting potential upside to receipts and divestment. Separately, insufficient banking sector credit growth prompted announcement of a high level expert committee to recommend measures to improve credit and support long term development goals.

Indian rupee gains as crude eases and central bank defends exchange-rate level amid Budget-driven borrowing and tax changes.
The rupee strengthened to 91.49 against the dollar amid retreating crude prices and apparent central bank intervention defending the 92 level; the Union Budget's large borrowing to fund a 4.3 percent of GDP fiscal deficit and tax changes on derivatives and buybacks weighed on investor sentiment and prompted equity market reactions and foreign institutional selling.

Assam Cooperative Apex Bank inclusion in second schedule grants Scheduled Bank benefits and access to RBI refinancing.
Inclusion of the Assam Cooperative Apex Bank in the Second Schedule of the RBI Act confers Scheduled Bank status, enabling access to RBI facilities and refinancing, expanding operational capacity and liquidity management, and enhancing credibility and visibility to support grassroots financial inclusion.

High Level banking review to align banks and NBFCs with growth while prioritising inclusion, consumer protection and borrower safeguards.
A proposed High Level Committee on Banking would review and realign regulatory and policy frameworks to balance growth with financial stability, inclusion, and consumer protection, with attention to banks engaged in micro credit. The Budget vision for NBFCs sets targets for credit disbursement and technology adoption and contemplates restructuring public sector NBFCs to improve scale and efficiency, while calling for policy clarity, simplified processes, borrower safeguards, and stable funding flows to support inclusive credit delivery.

AI-powered low-code platform for financial product journeys embeds compliance, KYC, data-consent controls, and audit-ready governance.
An AI-driven low-code platform lets financial institutions design and modify end-to-end product journeys with built-in regulatory compliance, modular components, and 50+ pre-integrated connectors for KYC, fraud, credit checks, and document services. It provides journey-native analytics to detect and remediate bottlenecks in real time, and includes versioning, sandbox testing, and audit trails to enable experimentation while preserving governance and compliance evidence.

Indian rupee gains as RBI defends the 92 level; budget borrowing and tax changes affect markets.
The Reserve Bank appeared to defend the 92-per-dollar level as the rupee strengthened to 91.51, aided by retreating crude prices, large forex reserves and suspected corporate dollar selling, while near-term USD INR was forecast to consolidate within a tight range. Concurrently, the Union Budget's large borrowing plan to fund a 4.3% of GDP fiscal deficit and changes increasing securities transaction tax on derivatives and altering buyback taxation dampened investor sentiment, triggered equity market weakness and prompted foreign institutional selling.

Banking sector: high-level committee set to review structure, NBFC scaling, PFC/REC restructuring and FEMA rule review.
A High-Level Committee on Banking for Viksit Bharat will be set up to review the banking sector and recommend reforms to align with growth through 2047 while safeguarding financial stability, inclusion and consumer protection. The policy package includes a vision for NBFCs with credit and technology targets, a proposed restructuring of Power Finance Corporation and Rural Electrification Corporation to improve scale and efficiency, and a comprehensive review of the Foreign Exchange Management (Non-debt Instruments) Rules to modernize the foreign investment framework.

Carbon capture and utilisation scheme gets Rs 20,000 crore; incentives for seaplane manufacturing and infrastructure projects announced.
The Budget allocates Rs 20,000 crore to a carbon capture and utilisation scheme covering sectors including steel and cement, paired with incentives to promote domestic seaplane manufacturing, seven high speed corridors as growth connectors, and ship repair ecosystems in Varanasi and Patna; a high level committee on Banking for Viksit Bharat will assess reform and financing needs to support these initiatives.

Municipal bond incentives proposed: Rs100 crore for single issuances over Rs1,000 crore and review of forex rules.
Proposed incentives introduce a grant of Rs 100 crore for a single bond issuance by municipal corporations for issuances over Rs 1,000 crore; structural reorganisation of REC Ltd and Power Finance Corporation to strengthen public sector finance; establishment of a high-level committee on banking policy; and a review of foreign exchange management non-debt instruments rules.

Partial US government shutdown risks unpaid federal workers and disruptions to Pentagon, FEMA, and transportation services.
A partial lapse in appropriations temporarily halts funding for the Pentagon, DHS, and the Department of Transportation while essential functions continue; affected workers may work without pay or be furloughed if the gap endures. FEMA retains multibillion-dollar disaster funds to respond to storms but nonemergency activities like National Flood Insurance policy issuance could pause during an extended lapse. Air traffic controllers will staff the system without pay until funding is restored. SNAP and WIC remain fully funded for the fiscal year and continue benefit delivery.

IDFC FIRST Bank Q3 FY26: PAT up 48%, strong loan and deposit growth, improved CASA and asset quality.
IDFC FIRST Bank posted Q3 FY26 PAT of Rs. 503 crore (up 48% YoY) with customer business at Rs. 5,62,090 crore; loans grew 20.9% YoY, deposits 24.3% YoY, CASA rose to 51.64%, NIM was 5.76%, cost of funds 6.11%, GNPA 1.69% and Net NPA 0.53%, and capital adequacy was 16.22%, with provisions slightly reduced and growth concentrated in mortgages, vehicle, consumer, business banking and wholesale loans.