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    A Vision for Responsible AI, Resilient Banking - Keynote Address [Contributions by RBI colleagues Ms. Chandni Trehan Saluja and Ms. Kavita Gangwal, De...
    Razorpay Launches Multi-Currency Account, Helping Exporters Retain International Earnings in Foreign Currencies
    DB HiTek to Make Debut at electronica India 2026, Targeting Growth in Indian Market
    BJP demands Vijayan’s resignation from Keralam LoP post over ED findings in CMRL case
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    DRI busts a wildlife trafficking syndicate involved in illicit trade of ivory artefacts
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    Five held in UP's Bareilly for alleged fake Ayushman cards racket
    MSMEs are the true builders of India’s economic resilience: LG Sinha
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    United Arab Emirates suspends trade with Iran after coming under renewed missile fire
    RBI minutes: Governor Malhotra awaits more clarity on inflation, opts for rate hold
    Instant Credit Card Application With JioFinance: Step-by-Step Guide
    Union Minister of Commerce & Industry Shri Piyush Goyal leaves for Singapore for 4th India-Singapore Ministerial Roundtable and 4th India-Singapore Bu...
    IDFC FIRST Bank successfully accesses international debt capital markets with maiden US$500 million bond issuance
    Any attempt to defame CAS by manipulation will be dealt with sternly, warns Sebi's Pandey
    Rupee falls 2 paise to settle at 95.76 against US dollar
    QualityKiosk Establishes Hyderabad Engineering Hub to Advance AI Reliability, Agentic Engineering and AI Assurance for Global Enterprises
    ED raids SP leader Azam Khan's Trust and university in UP
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August 20, 2026
Show AI Summary
Responsible AI banking requires human oversight, explainable customer decisions, fair conduct, resilient systems and inclusive credit access.
Responsible AI in banking must promote inclusion, resilience and customer trust while preserving human judgement, governance accountability and clear responsibility. AI and alternative data may widen access to credit where data is obtained with consent, tested for reliability and bias, and used prudently. Banks must maintain capacity to challenge models, oversee providers, test systems under adverse conditions and intervene when automation fails. Material customer decisions must be explainable, clearly communicated and subject to review by an authorised person. Fair conduct, meaningful disclosure, impartial complaint review and transparent communication remain essential throughout the customer relationship.
August 20, 2026
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Multi-Currency EEFC settlements let exporters retain foreign earnings and choose conversion timing for overseas payment obligations.
Multi-Currency EEFC Account settlements enable exporters and international businesses to receive payment settlements directly into Exchange Earners' Foreign Currency accounts in the original transaction currency without immediate conversion into Indian rupees. Retention of foreign currency earnings permits businesses to choose when conversion is required, reducing repeated foreign-exchange conversion cycles and supporting management of foreign-currency cash flows and overseas obligations.
August 20, 2026
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Power semiconductor foundry expansion targets Indian fabless customers through technology showcasing, process development, and collaboration in the growing semiconductor market.
DB HiTek seeks to expand foundry business with Indian fabless semiconductor companies by showcasing power semiconductor and specialised process technologies. Its commercial focus includes BCD processes for automotive and industrial applications, together with silicon-carbide and gallium-nitride process development and planned volume production. Product-performance evaluations are underway with strategic customers. Customer expansion also covers X-ray, global-shutter, single-photon avalanche diode, specialty CIS, and mixed-signal/RF processes, supported by collaboration with local fabless firms.
August 20, 2026
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Money-laundering allegations over payments without services raise concerns about overseas transfers, identity-linked communications, and mineral smuggling.
Money-laundering allegations concern claimed payments by Cochin Minerals and Rutile Ltd. to Exalogic Solutions Pvt. Ltd., a company promoted by Veena T., without corresponding services. Searches reportedly yielded handwritten material referring to fund transfers to Dubai and digital material relating to a SIM card obtained in another person's name. Further allegations included overseas fund movement, hawala transfers, and possible thorium or monazite smuggling, all presented as allegations requiring examination.
August 20, 2026
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Exchange stabilisation support aims to strengthen foreign-exchange resilience, reduce rollover dependence and restore access to longer-term market financing.
Pakistan has sought a proposed Exchange Stabilisation Support Facility to reinforce foreign-exchange stability and signal currency resilience to international capital markets. The strategy seeks to reduce reliance on short-term bilateral loans, deposits and rollovers by moving towards market-based financing with longer repayment periods. Improving sovereign creditworthiness through engagement with credit-rating agencies is intended to facilitate international market access, lower borrowing costs and enable longer-maturity debt raising.
August 20, 2026
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Elephant ivory trade prohibition supports enforcement against wildlife trafficking, seizure of carved ivory articles, and further investigation.
Illicit trade in elephant ivory and articles manufactured from it is prohibited under the Wildlife (Protection) Act, 1972, supporting India's CITES obligations. Enforcement action against a wildlife-trafficking syndicate resulted in the interception of four persons and seizure of 54 carved ivory artefacts. The seized articles and apprehended persons were transferred to the State Forest Department for further investigation. The action forms part of continuing measures against unlawful trade in wildlife derivatives and biodiversity threats.
August 20, 2026
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Trade deficit pressures persist as energy-import costs and currency weakness offset record automobile and electronics export growth.
Japan recorded its highest July import and export values since comparable statistics began, but continued to experience a trade deficit as rising energy costs increased import expenditure. Higher crude oil prices and disruption to Middle East supply routes affected an economy reliant on imported oil, while a weak yen raised the cost of fuel, food and raw materials. Strong automobile, semiconductor and electronics exports benefited from currency weakness, which also increased the yen value of overseas earnings.
August 19, 2026
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Forged health-scheme cards allegedly enabled ineligible treatment and misuse of public healthcare funds through false beneficiary details.
Alleged misuse of Ayushman health-scheme cards involved collecting identity and ration-card details by promising free treatment, then creating forged beneficiary cards with false particulars. The alleged scheme enabled treatment for ineligible persons and purported claims of government health-scheme funds. Police arrested five persons, recovered purported forged identity and beneficiary cards, and are investigating possible involvement of hospital and medical-office personnel, the scale of card forgery, and alleged diversion of public funds.
August 19, 2026
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MSME competitiveness requires affordable credit, technology adoption, formalisation, sustainable trade and stronger export-market access for inclusive growth.
MSME development is identified as central to employment generation, exports, entrepreneurship, economic resilience and self-reliance. Key priorities include affordable credit, technology upgradation, supply-chain integration, market access, brand-building and reduced red tape. Formalisation of micro industries is emphasised to expand institutional credit access, while sustainable trade is promoted through green technologies and renewable energy. Export competitiveness is to be strengthened through regional production capabilities and the "One District, One Export Hub" initiative.
August 19, 2026
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Supply-side inflation risks support a policy pause pending evidence of broad-based, persistent price pressures and de-anchored expectations.
Monetary policy calibration remained on hold because food and fuel inflation had not yet produced broad-based or persistent price pressures. The policy pause was supported by limited pass-through of supply-side shocks, contained core inflation and no clear demand-driven overheating. Recalibration depends on incoming evidence of persistent inflation, entrenched supply-side pressures, de-anchored expectations and the evolving growth-inflation dynamic. Geopolitical disruption, volatile oil prices, monsoon conditions and El Nin o-related agricultural risks remain material inflation risks.
August 19, 2026
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Examination irregularities investigation examines alleged answer-sheet cheating, managed centres and suspected solver-gang involvement by a biometric operator.
Alleged examination irregularities involved suspected cheating through the receipt of an answer sheet by an examinee from personnel of a private firm conducting the examination. Police arrested a biometric operator following an investigation into his alleged involvement. His prior work with biometric firms and manpower supply agencies was examined in connection with clues concerning allegedly managed examination centres and a suspected solver gang.
August 19, 2026
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Trade restrictions on Iran halt commercial and financial exchanges as regional security threats disrupt maritime commerce and re-export access.
UAE trade restrictions on Iran halted all trade, commercial exchanges and financial transactions until further notice following reported ballistic-missile incidents and regional security escalation. The UAE assessed the missiles as directed at maritime traffic, while Iran denied launching them. The suspension disrupts the UAE's role as a major trade and re-export gateway for Iran and may increase Iran's economic isolation. Continuing threats to shipping through the Strait of Hormuz also create economic risk for the UAE's regional business, finance and tourism position.
August 19, 2026
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Inflation persistence and expectations guide continued rate hold amid supply shocks and uncertainty over broader price pressures.
Monetary policy calibration remains contingent on clearer evidence that supply-side price shocks are becoming persistent, broad-based inflationary pressures. The policy rate was maintained unchanged amid uncertainty from higher energy costs, supply-chain disruption, an erratic monsoon and food, fuel and input-price risks. Policy tightening may be required if inflation becomes generalised, expectations become de-anchored, or inflation persists. A wait-and-watch approach was preferred pending clearer realised inflation, forecasts, weather effects and global conditions.
August 19, 2026
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Online credit card applications streamline comparison, eligibility screening and e-KYC, while approval remains subject to issuing-bank criteria.
Online credit card applications through the JioFinance app combine card comparison, eligibility checks, electronic verification, application submission and status tracking. Eligibility screening may occur without affecting the applicant's credit score, but approval remains subject to the issuing bank's criteria and internal policies. Aadhaar-based e-KYC or other accepted electronic verification may be used where applicable. Applicants should provide accurate Aadhaar, PAN and mobile details. Eligible approved applicants may receive a virtual card before physical-card delivery, subject to applicable terms and conditions.
August 19, 2026
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Comprehensive strategic partnership drives ministerial and business engagements on investment, market access, technology collaboration, skills and agri-food trade.
India-Singapore economic engagement is being advanced through ministerial and business roundtables under the Comprehensive Strategic Partnership. A multidisciplinary business delegation is undertaking business-to-business, government-to-business and institutional engagements focused on partnerships, investment, market access, technology collaboration and talent development. Agricultural trade cooperation includes promotion of Indian agri-food exports through a retail initiative. The engagement seeks to strengthen trade, investment, digitalisation, advanced manufacturing, skills development, green-economy cooperation and people-to-people ties.
August 19, 2026
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International senior notes issuance diversifies the bank's funding sources and expands access to global debt capital markets.
IDFC FIRST Bank accessed international debt capital markets through its IFSC Banking Unit at GIFT City by issuing inaugural fixed-rate senior notes with a three-year tenor, due in 2029. The notes were offered to investors outside the United States under the Regulation S format. The issuance followed an investment-grade long-term issuer credit rating with a stable outlook, diversifies the bank's funding sources, and creates an avenue for access to global capital markets in support of long-term growth.
August 19, 2026
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Closing auction session safeguards market transparency through pooled order matching, backed by immediate action against manipulation and stronger monitoring.
Closing auction session (CAS) improves transparency and reduces manipulation in end-of-trading price formation by pooling buy and sell orders during a designated closing window for auction-style matching. Manipulation intended to undermine CAS is subject to prompt and stringent action, supported by enhanced monitoring. Responsible use of artificial intelligence and machine learning requires tiered accountability and governance, including kill-switch, human-in-the-loop and data controls. Regulated entities remain responsible for privacy, security and integrity of investor data used by every AI tool they deploy.
August 19, 2026
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Foreign exchange market movement shows rupee pressure from elevated crude prices, moderated by reserves, intervention and FCNR(B) inflows.
Foreign exchange market movement saw the rupee depreciate marginally against the US dollar amid higher global crude oil prices, heightened West Asia tensions, a stronger dollar environment and weaker domestic equity markets. Central-bank intervention and foreign fund inflows provided support. Adequate foreign-exchange reserves and stronger-than-expected FCNR(B) scheme inflows were identified as factors limiting the scope for sharp depreciation.
August 19, 2026
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AI reliability engineering expands through an enterprise hub supporting AI assurance, agentic engineering, observability and trusted AI deployment.
QualityKiosk Technologies has established a Hyderabad engineering hub to expand AI reliability engineering, AI assurance and agentic engineering capabilities. The centre supports engineering, marketing, branding, analyst-relations and advisory functions, while serving enterprise demand for AI reliability, product engineering, CloudOps and automation. It advances an AI reliability operating framework covering AI for reliability, reliability of AI, agentic engineering, shift-right engineering, frontier-system reliability, observability and platform-based delivery to promote governance, resilience, operational trust and assurance in AI-powered systems.
August 19, 2026
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Money laundering investigation examines alleged diversion of government contract funds and their use in creating trust and university assets.
Money-laundering investigation under the Prevention of Money Laundering Act led to searches of premises associated with the Maulana Mohammad Ali Jauhar Trust, its university, linked companies, promoters and a chartered accountant. The inquiry concerns alleged diversion of government contract funds through private contractors and their alleged subsequent use, including for creating assets of the Trust and university. Separate planning-law issues concern allegations that most university buildings were constructed without approved plans.

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Upgrade Your Home This Dussehra - Explore Appliances for Every Need

October 1, 2025

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Pune, Maharashtra, India (NewsVoir) Dussehra is not just a festival that marks the victory of good over evil - it is also considered an auspicious time to bring positivity and good fortune into our lives. Many families take this opportunity to refresh their homes and invest in new home essentials. From smart washing machines and energy-saving refrigerators to the latest smart TVs and air conditioners, shoppers have plenty of choices to elevate everyday living. Bajaj Finserv ensures that upgrading your home is light on the pocket. Customers can choose from a wide range of electronics and appliances at any of Bajaj Finserv’s 1.5 lakh+ partner stores across 4,000 cities in India. They can opt for the Bajaj Finserv Easy EMI Loan of up to Rs. 5 lakh, which spreads the cost into small, manageable monthly payments. On select products, zero down payment is also available, so customers can take home their appliance without paying anything upfront. What makes this even better is the ongoing Blockbuster EMI Days, running from 15th September to 31st October 2025, let customers enjoy attractive discounts and choose from over 50 EMI schemes, making Dussehra shopping easier, smarter, and more rewarding. Home essentials that bring comfort and convenience to every household Bajaj Finserv partner stores offer a wide range of home appliances to meet the needs of every family. From essential everyday items to smart, energy-saving gadgets, there is something for everyone. These appliances are designed to make life easier, save time, and bring comfort to every home this Dussehra. • Washing machines: Choose from top-load or front-load models that make laundry faster and more efficient. Many models come with energy-saving features, multiple wash programs, and user-friendly controls, helping families save both time and electricity. • Refrigerators: Available in single-door, double-door, and side-by-side designs, these fridges keep food fresh longer. Energy-efficient models reduce electricity bills while ensuring enough space for festive treats and daily essentials. • Air conditioners: Stay cool and comfortable throughout the year with split, inverter, or window ACs. These units are designed for efficiency, quiet operation, and easy maintenance, perfect for beating the summer heat. • Smart televisions: Upgrade home entertainment with HD and 4K smart TVs. They offer vivid picture quality, smart connectivity, and easy access to streaming platforms, making family movie nights more enjoyable. • Microwaves and small appliances: From microwaves to mixers and juicers, these appliances simplify cooking and meal preparation. Fast, convenient, and easy to use, they save time in the kitchen while helping create delicious festive dishes. Top-selling home appliances and their prices This Dussehra, explore the price list of India’s most popular home appliances. From energy-efficient refrigerators and smart TVs to washing machines and air conditioners, find top models with their prices and Easy EMI options for quick and easy purchases. Washing machines 1. Croma 6.5 kg 5 Star Fully Automatic Top Load Washing Machine With a 5-star energy rating, this model combines performance with energy efficiency. Its sleek design and advanced features make laundry tasks effortless. • Price: Rs. 11,490 • Easy EMI starting at: Rs. 957/month 2. LG 6.5 KG Fully Automatic Top Load Washing Machine T65SPSF2Z This compact washing machine is ideal for small to medium-sized families. It offers multiple wash programs and a user-friendly interface, ensuring efficient cleaning. • Price: Rs. 17,280 • Easy EMI starting at: Rs. 1,421/month Refrigerators 1. Godrej RD EMARVEL 290C 268L 3 Star Direct Cool Single Door Refrigerator Featuring Turbo Cooling and a Farm Fresh Crisper, this model is designed to keep your food fresh longer. Its stylish Fusion Wine finish adds elegance to your kitchen. • Price: Rs. 20,790 • Easy EMI starting at: Rs. 1,732/month​ 2. LG 260L 3 Star Smart Inverter Frost-Free Double Door Refrigerator This refrigerator boasts a spacious interior with smart inverter technology, ensuring consistent cooling and energy savings. Its sleek design complements modern kitchens. • Price: Rs. 28,490 • Easy EMI starting at: Rs. 2,374/month Air conditioners 1. Daikin 1 Ton 3 Star Split AC (Model: RKL35UV16W) This air conditioner offers efficient cooling with a 3-star rating, making it suitable for medium-sized rooms. Its split design ensures quiet operation. • Price: Rs. 32,872 • Easy EMI starting at: Rs. 1,826/month​ 2. Panasonic 1.5 Ton 3 Star Inverter Split AC (Model: CU-EU18BKY3F) Equipped with a 7-in-1 convertible feature, this inverter AC provides flexible cooling options. Its energy-efficient design ensures lower electricity bills. • Price: Rs. 35,697 • Easy EMI starting at: Rs. 2,975/month Televisions 1. Samsung 43 inch 4K Ultra HD Smart LED TV (Model: 55CU8000) This smart TV delivers stunning 4K visuals with HDR support. Its sleek design and smart features make it a perfect addition to any living room. • Price: Rs. 24,990 • Easy EMI starting at: Rs. 2,500/month​ 2. Sony BRAVIA 55 inch 4K Ultra HD Smart LED Google TV Experience cinematic quality with this 4K UHD TV. Its Google TV interface offers seamless streaming and smart connectivity. • Price: Rs. 43,300 • Easy EMI starting at: Rs. 3,608/month Disclaimer: The features, availability, and pricing of each model are subject to change and may vary. For the most accurate and up-to-date information, please visit the official website. These home appliances are available at Bajaj Finserv partner stores across India. Customers can select the model that suits their home and budget and use Bajaj Finserv’s options to bring comfort and convenience into their homes. Bigger savings with the Maha Bachat Savings Calculator To help customers get the most value this Dussehra, Bajaj Finserv offers the Maha Bachat Savings Calculator. This tool combines all available offers in one place, making it easy for buyers to save on home appliances without extra effort. Key benefits of the calculator: • Brand offers: Discounts provided by manufacturers such as LG, Samsung, and others. • Dealer offers: Price cuts or cashback available at partner stores like Croma or Vijay Sales. • EMI benefits: 50+ Easy EMI schemes and zero down payment options on select products.​ How it works: 1. Visit the Maha Bachat Savings Calculator on the Bajaj Finserv website. 2. Select a product category, such as refrigerators, and choose a brand. 3. Set a budget to find products within the desired price range. 4. View total savings, including brand offers, dealer discounts, and EMI benefits. 5. Locate the nearest Bajaj Finserv partner store carrying the selected product. This tool allows customers to see the full value of available deals and ensures they don’t miss any festive savings. How to buy home appliances this Dussehra with Bajaj Finserv Upgrading home appliances this Dussehra is simple and affordable with Bajaj Finserv. Customers can follow these easy steps to bring appliances like refrigerators, washing machines, TVs, and air conditioners home: • Browse models: Explore top appliance brands on Bajaj Mall or visit nearby partner stores. • Check loan eligibility: By entering a mobile number online, customers can instantly see their pre-approved loan limit, making it easier to plan purchases. • Visit the nearest store: With over 1.5 lakh partner stores across 4,000 cities, finding a nearby store is convenient. • Choose Easy EMI Loan at checkout: Flexible repayment plans are available, with tenures from 3 to 60 months. • Enjoy zero down payment: On select models, customers can take appliances home without paying anything upfront. • Complete the purchase: With just a few basic documents, the loan is approved quickly, and the appliance is ready to take home. With Bajaj Finserv, upgrading home appliances this Dussehra is easy, convenient, and stress-free, helping families enjoy comfort without stretching their budget. Bajaj Finance Limited Bajaj Finance Ltd. (‘BFL’, ‘Bajaj Finance’, or ‘the Company’), a subsidiary of Bajaj Finserv Ltd., is a deposit taking Non-Banking Financial Company (NBFC-D) registered with the Reserve Bank of India (RBI) and is classified as an NBFC-Investment and Credit Company (NBFC-ICC). BFL is engaged in the business of lending and acceptance of deposits. It has a diversified lending portfolio across retail, SMEs, and commercial customers with significant presence in both urban and rural India. It accepts public and corporate deposits and offers a variety of financial services products to its customers. BFL, a thirty-five-year-old enterprise, has now become a leading player in the NBFC sector in India and on a consolidated basis, it has a franchise of 69.14 million customers. BFL has the highest domestic credit rating of AAA/Stable for long-term borrowing, A1+ for short-term borrowing, and CRISIL AAA/Stable & [ICRA]AAA(Stable) for its FD program. It has a long-term issuer credit rating of BB+/Positive and a short-term rating of B by S&P Global ratings. To know more, visit www.bajajfinserv.in. (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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