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    Financial institutions report over 10,000 cases of fraud involving Rs 48,000 cr in FY26: RBI data
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May 29, 2026
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Fraud reporting and cyber resilience take centre stage as advances dominate losses and the RBI expands drill-based preparedness.
Banks and financial institutions reported a large volume of fraud cases in 2025-26, with the advances category accounting for the dominant share in value terms and replacing card, internet and digital payment fraud as the principal area of exposure. Public sector banks and private sector banks recorded fewer fraud cases year-on-year, but the amount involved in such frauds increased, while foreign banks, small finance banks and payments banks reported comparatively lower volumes. The Reserve Bank has operationalised a Cyber Range initiative through a platform at IDBRT to strengthen cyber resilience across supervised entities.
May 29, 2026
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Cooling-off period for retired judges rejected as unnecessary where capable adjudicators are needed in tribunals and other bodies.
Post-retirement appointments of judges to tribunals and other government bodies remain a contested policy issue, with the Law Minister stating that there is no justification for a mandatory cooling-off period for retired judges who are mentally sound, capable and judged to have served well. The remarks emphasise the need for experienced adjudicators in vacancy-ridden institutions such as the NCLT and NCLAT, and extend to other assignments including the NHRC, Lokpal, Law Commission, Press Council of India, and various committees and commissions.
May 29, 2026
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Reserve Bank balance sheet expansion reflects higher investments, rising gold holdings, and a larger annual surplus.
The Reserve Bank's annual report for 2025-26 records a substantial expansion in its balance sheet, driven by higher domestic investments, gold holdings and foreign investments. The year closed with a higher surplus, alongside a transfer to the Contingency Fund and no provision to the Asset Development Fund. The report also notes a marginal increase in total gold holdings and a significant rise in the value of gold held as an asset of the Banking Department due to higher gold prices and depreciation of the rupee against the US dollar.
May 29, 2026
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Macroeconomic fundamentals support India's growth outlook despite external headwinds, while inflation and agriculture face weather-linked risks.
India's growth outlook remains supported by robust macroeconomic fundamentals, government capital expenditure, strong corporate and banking balance sheets, domestic consumption and investment, despite external headwinds and geopolitical tensions. Agricultural output and inflation remain linked to monsoon progress, El Nino risks, reservoir levels, foodgrain stocks and fertiliser availability, while the inflation target is retained at 4 per cent with a tolerance band of plus or minus 2 per cent.
May 29, 2026
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Consumer television financing through EMI plans combines model comparison, partner-store purchase options and variable terms for budget buyers.
Consumer television purchases are linked to financing through partner stores, with buyers comparing display technology, resolution, smart features and support before selecting a model. The process includes browsing on Bajaj Mall, verifying pre-approved eligibility, choosing an EMI plan with optional zero down payment on select models, and completing purchase through a loan with repayment tenures from 3 to 60 months, subject to changing price, store and offer conditions.
May 29, 2026
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India-US trade negotiations near interim agreement as talks focus on market access, customs facilitation and investor confidence.
India-US trade negotiations advanced toward an interim agreement, with assurances that discussions are nearing finalisation. The engagement focused on bilateral trade, investment, innovation and supply-chain partnerships, alongside investor confidence, business stability and a predictable regulatory environment. Further talks are expected to address market access, non-tariff measures and customs facilitation under the broader bilateral trade framework.
May 29, 2026
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Rupee support from softer dollar and stable crude prices improves sentiment, while foreign investment outflows keep pressure on the currency.
Rupee strengthened in early interbank trade as easing US-Iran tensions reduced fears of oil supply disruption, while a softer dollar and stable crude prices supported the currency. Market participants said foreign investment outflows remained a key pressure point, even as debt flows stayed relatively stable. The RBI was using liquidity operations, forex management measures and steps to curb speculative positions to stabilise the rupee, with the upcoming policy meeting seen as significant for investor sentiment and exchange-rate stability.
May 29, 2026
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Comprehensive Economic Partnership Agreement advances as Canada and India deepen trade, investment, and business cooperation across key sectors.
Canada and India reaffirmed their commitment to strengthening bilateral trade and investment relations through deeper commercial cooperation, increased business engagement, and expanded opportunities in priority sectors. The statement also highlighted support for an ambitious Comprehensive Economic Partnership Agreement, with emphasis on market access, resilient supply chains, and two-way economic growth.
May 28, 2026
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Container transshipment growth accelerates as Vizhinjam Seaport scales up handling and expansion capacity.
Vizhinjam International Seaport in Kerala has crossed 2 million TEUs within 18 months of commencing operations, making it the fastest Indian port to reach both the 1 million TEU and 2 million TEU milestones. The port has handled over 950 vessels, including ultra-large container vessels, and its location and natural deep draft support transshipment activity. Phase II expansion is underway with major investment and is expected to enhance container handling capacity by 2028.
May 28, 2026
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International taxation outreach highlights transfer pricing, advance pricing agreements and safe harbour provisions under the new income tax framework.
Taxpayer outreach on the transition to the new Income-tax Act, 2025 focused on international taxation, transfer pricing and advance pricing agreements. The programme highlighted cross-border transfer pricing mechanisms, international cooperation, India's role in the global taxation ecosystem, and the relevance of advance pricing agreements and safe harbour provisions for certainty and ease of compliance. Departmental initiatives such as Kar Saathi were presented as part of stakeholder awareness and engagement.
May 28, 2026
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Long-term rail wheelset supply agreement expands India's export role in the global rail manufacturing chain.
Jupiter Tatravagonka Railwheel Factory Pvt Ltd has entered into a 10-year long-term supply agreement with European rail wagon manufacturer Tatravagonka a.s. for rail wheels, axles and wheelsets, with commercial supplies due to begin by the end of calendar year 2027. The company's Odisha greenfield facility is planned to produce 1 lakh wheelsets annually, with about 50,000 expected to be exported to Europe, and around 40-50 per cent of output expected to serve export markets over the long term.
May 28, 2026
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IBC moratorium and cheque bounce prosecutions raised for larger bench consideration on criminal and compensatory aspects.
The Supreme Court referred to a three-judge Bench the question whether the IBC moratorium applies to cheque bounce proceedings under Section 138 of the Negotiable Instruments Act during insolvency proceedings. The reference also concerns whether the moratorium stays the entire prosecution or only the compensatory aspect, and whether directors or other vicariously liable persons can claim the same protection in cases of personal insolvency. The article notes the competing views on the criminal character of cheque dishonour proceedings and the recovery-related effect of the compensatory component.
May 28, 2026
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Insolvency and bankruptcy reform strengthens creditor recovery, improves borrower discipline, and supports revival of distressed enterprises.
The Insolvency and Bankruptcy Code is presented as a creditor-driven, time-bound framework that consolidated a fragmented insolvency regime and strengthened recovery, corporate discipline, investor confidence, and economic efficiency. The article states that resolution activity has facilitated large-scale creditor realisation, including over Rs.4 lakh crore, while also producing significant case closures, withdrawals, settlements, and liquidations. It further notes improved recovery rates, shorter timelines, better borrower behaviour, and post-resolution revival of firms.
May 28, 2026
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Voter identity document allegations surface after cards were reportedly recovered from a party office and examined by police.
Allegations arose that a large number of voter identity documents, Aadhaar cards and ration cards were recovered from a local political party office in Kolkata's Tangra area. Police said nearly 300 documents were found in an almirah at the premises, while residents and political workers claimed the papers had been kept there to prevent people from exercising their franchise. Police said no formal complaint had yet been lodged, though the matter was under examination.
May 28, 2026
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Comprehensive economic partnership upgrade negotiations advance with focus on balanced trade, services, origin rules and digital cooperation.
India and the Republic of Korea held the 12th round of negotiations to upgrade the Comprehensive Economic Partnership Agreement, with both sides reviewing progress and reaffirming commitment to a modernised and balanced bilateral trade framework. The parties agreed to address the bilateral trade deficit within the CEPA framework and discussed trade in goods, trade in services, rules of origin and origin procedures, investment, and sanitary and phytosanitary standards. Sub-groups were also decided for digital trade, supply chain cooperation, and strategic industrial cooperation.
May 28, 2026
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India-Canada economic partnership deepens through expanded trade, investment and technology collaboration across emerging and strategic sectors.
India-Canada economic engagement was advanced through a high-level commerce and industry visit focused on strengthening bilateral trade, investment, technology collaboration and people-to-people ties. Discussions highlighted the role of the Indo-Canadian community, regional chambers, academia, business councils, institutional investors and innovation bodies, while underscoring the ongoing CEPA negotiations. Engagements also emphasized cooperation in artificial intelligence, quantum computing, cleantech, agritech, deep tech and other sectors including infrastructure, clean energy, critical minerals, logistics, healthcare, financial services and digital infrastructure.
May 28, 2026
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Transparent onion procurement and price protection sought for Maharashtra growers facing recurring losses and delayed relief.
Onion growers in Maharashtra have sought complete transparency in procurement operations, including disclosure of procurement quantities, farmer details and daily market-wise data, while questioning whether purchases are reaching all major producing districts. They also demanded compensation or subsidy support for farmers who sold below production cost, along with a permanent price protection mechanism and a dedicated Onion Corporation for systematic procurement, storage, processing and export.
May 28, 2026
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Homebuyers' fund diversion allegations prompt notices, ED status report, and broader scrutiny of stalled real estate projects.
Proceedings concerned a plea alleging siphoning and diversion of homebuyers' funds in real estate projects, with claims of non-construction use, transfers to related entities, and stalled or insolvent projects leaving buyers exposed to loss. The Court sought responses from multiple authorities and developers, and directed the ED to place a status report on the progress of its investigation, while submissions also urged expeditious investigation, provisional attachment of diverted assets, and RBI scrutiny of bank financing in stalled housing projects.
May 27, 2026
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Rupee exchange rate volatility reflects geopolitical tensions, strong dollar demand, weak equities and RBI policy watch.
The rupee closed marginally higher against the US dollar after trading in a narrow intraday range, with foreign exchange sentiment influenced by renewed geopolitical tensions, a strong dollar, weakness in domestic equity markets and foreign investor selling. Market participants also tracked the upcoming RBI Monetary Policy Committee meeting, while softer crude oil prices were seen as a supporting factor for the currency.
May 27, 2026
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Regulatory fairness in competition law requires legality, reasoned decision-making and equal treatment of foreign investors.
The Supreme Court set aside the penalty and suspension orders passed against Amazon concerning its investment arrangement with Future Coupons Pvt Ltd, and directed refund of any amount deposited or recovered. The Court held that regulatory authorities must act within statutory limits and with fairness, legality, reasoned decision-making, certainty and predictability, especially in economic regulation and cross-border investment matters. It also stated that fair treatment of foreign investors means equal treatment under the same law and procedural safeguards.

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AU Small Finance Bank Brings a Range of Savings Accounts Built for Every Indian Customer

June 8, 2026

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Mumbai, Maharashtra, India – Business Wire India AU Small Finance Bank (AU SFB), India’s largest Small Finance Bank and the first in over a decade to receive in-principle approval to transition into a Universal Bank, today shared its full range of savings accounts built to meet the needs of every kind of Indian customer. AU Small Finance Bank's range of savings accounts — AU Digital, AU Royale, AU Royale World, AU Platinum, AU Value, AU Vikaas and others built for women, senior citizens, students, NRIs and salary earners— offers easy video KYC account opening, attractive savings account interest rates with monthly interest payouts, the AU 0101 mobile banking app, and range of Debit Cards empowered by RuPay, Visa, MasterCard. Empowering every Indian customer to pick the savings account that suits them best. Every Savings Account designed by AU Small Finance Bank is built around three simple things: easy digital account opening through video KYC, full banking on the AU 0101 mobile banking app, and a consistent, straightforward experience whichever account you choose. Customers can view the full range and select the savings account that best fits their needs on the official AU Small Finance Bank website. Open Your Savings Account from Home with Video KYC Customers can open a Savings Account from home using the AU 0101 mobile app & official AU Small Finance Bank Website. The full process, including video KYC, happens online, with no need to visit a branch. No paperwork to sign. No waiting in queues. Eligible customers get a working account within a short time. Customers can also view details such as savings account interest rate through official bank channels. This is how AU Small Finance Bank wants every new customer to start, quick, simple, and on their phone. The AU 0101 Mobile Banking App: Your Bank in Your Pocket The AU 0101 mobile banking app gives AU Small Finance Bank Savings Account customers everything they need from one place. Send money over UPI. Make IMPS, NEFT and RTGS transfers. Pay bills. Manage your debit card. Set up or cancel auto-debits. Download statements. View and use your AU Rewardz points. Every customer gets a Debit Card for shopping online, withdrawing cash at ATMs, and paying at stores with convenient management through the AU0101 app. A Savings Account for Every Kind of Customer AU Small Finance Bank's range covers a savings account for almost every type of customer. The Digital Savings Account is for those who want to do everything online. The AU Royale Savings Account and AU Royale World Savings Account are for customers looking for premium banking, with airport lounge access, a personal relationship manager and family banking benefits. The AU Platinum Savings Account is for customers who want a more rewarding banking experience with the benefit of extending the features up to 3 additional family members and flexibility of minimum balance maintenance within the group. The AU Vikaas Savings Account, AU NRI Savings Account, AU Women Savings Account, AU Senior Citizen Savings Account, and AU Kids Savings Account, are each built for a specific kind of customer, whether you are a student, a working professional, an NRI, a senior citizen, or a parent opening an account for your child. Why a Range, and Not Just One Account Indian customers want different things from a savings account. Some want premium banking with extras like lounge access and a relationship manager. Students and kids need accounts that match their age and stage of life. Working women look for features that fit how they manage money. Senior citizens value personal service. AU Small Finance Bank's savings account range is built to meet these different needs, while making sure every customer, whichever account they pick, gets a simple, friendly experience and the same easy access through the AU 0101 mobile banking app. What Customers Get • AU Digital Savings Account: Open online with video KYC. AU Platinum Debit Card and the AU 0101 mobile banking app from day one. • AU Royale and AU Royale World Savings Accounts: Premium banking with airport lounge access and a personal relationship manager (subject to eligibility and minimum balance) & more. • AU Platinum Savings Account: Extra features for customers who want more from their savings account (subject to eligibility and minimum balance) with benefit of extending the features up to 3 additional family members and the flexibility of minimum balance maintenance within the group. • AU Vikaas, AU NRI, AU Women, AU Senior Citizen: Savings accounts built for specific groups of customers. • Across the range: Easy online account opening, attractive rates on eligible balances, the AU 0101 mobile banking app, a savings account interest rate calculator and other helpful tools on the AU Small Finance Bank official website, a range of Debit Cards, and deposit protection under DICGC up to the prescribed limit per depositor per bank. About AU Small Finance Bank AU Small Finance Bank Limited (AU SFB) is a Scheduled Commercial Bank and has established itself as India’s largest Small Finance Bank since commencing its banking operations in April 2017. Founded in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU is entering its 10th year as a Bank, guided by a deep rooted “Dharma” of customer centric service. Over three decades, AU has built a sustainable and inclusive financial institution that empowers underserved and under reached communities through a robust retail led banking model. The Bank has received an in-principle approval from the Reserve Bank of India (RBI) to transition into a Universal Bank. With deep customer insights across India, AU provides comprehensive banking solutions spanning deposits, loans, credit cards, premium banking, remittance services, merchant solutions, insurance, and investments. As a tech led bank, AU delivers differentiated digital experiences through innovations such as 24x7 Video Banking, WhatsApp Banking, chatbots, UPI QR solutions, merchant lending, and its award-winning AU 0101 app. AU SFB’s wide network of 2,790 banking touchpoints across 21 States and 4 Union Territories enables service to more than 1.2 crore customers, powered by a workforce of 59,200+ employees. As on 31st March 2026, Bank had shareholders’ funds of INR 19,974 cr, deposit base of INR 1,52,661 cr, total loan portfolio of INR 1,40,327 cr and a balance sheet size of INR 1.9 Lac cr+. AU SFB is listed on NSE and BSE and its fixed deposits are rated ‘AA+/Stable’ by CRISIL Ratings. AU SFB’s long term debt rating is ‘AA/Stable’ by CRISIL Ratings, ICRA Ltd. and CARE Ratings. All AU Small Finance Bank Savings Accounts are offered subject to eligibility, internal policies, and applicable terms and conditions. Account features, monthly balance requirements, fees and other charges follow the bank's current policies and may be updated from time to time. Deposits are covered under the Deposit Insurance and Credit Guarantee Corporation (DICGC) up to the prescribed limit per depositor per bank. For account-specific details, please visit www.au.bank.in. Disclaimer: Savings Account interest rates are subject to change at the sole discretion of AU Small Finance Bank without prior notice. Please check AU Small Finance Bank Official website for latest savings account interest rates (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

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