Business

BANKING FINANCE

Canara Bank conducts PM JanSuraksha Saturation Campaign at Kodigehalli, Bengaluru Rural

Canara Bank organized a Financial Inclusion Saturation Camp at Kodigehalli Gram Panchayat, Doddaballapura Block, Bengaluru Rural District, Karnataka, as part of the ongoing PM JanSuraksha Saturation Campaign (July 1 – September 30, 2025). The camp witnessed enthusiastic participation from over 700 customers, representing nine neighbouring villages.

BANKING FINANCE

India's Big Bank Merger 2.0

India stands at a defining juncture in its banking journey. As the economy accelerates towards the ambitious $5 trillion target, the demand for robust, well-capitalised, and globally competitive banks has never been more pressing. Public Sector Banks (PSBs), which still account for over 70% of India's banking system, face the dual challenge of supporting mega infrastructure projects while also catering to financial inclusion and MSME credit needs.

BANKING FINANCE

RBI eases export repayment rules, extends timelines amid global trade turmoil

The Reserve Bank of India has eased repayment and compliance rules for exporters, granting additional time to realise export proceeds and offering temporary relief on trade-related loans.

BANKING FINANCE

Cryptocurrency is 'property' under law, rules Madras HC

In a significant ruling, the Madras High Court has recognised cryptocurrency as a 'property' under Indian law, that is capable of being possessed and held in trust, paving the way for courts to intervene in crypto disputes, according to experts.

BANKING FINANCE

Govt approves Rs. 25,000crore export mission, extra credit support for tariff-hit traders

The Union Cabinet has approved a Rs. 25,060-crore Export Promotion Mission (EPM) and an additional Rs. 20,000-crore collateral-free credit window to support exporters facing global trade disruptions and tariff pressures, especially from the US.

BANKING FINANCE

RBI announces export relief package with easier repayments and extended credit norms

Finance minister Nirmala Sitharaman said India will need several large, globally competitive banks to support its expanding economy, and discussions with the Reserve Bank of India (RBI) and individual banks have already begun.

BANKING FINANCE

Bank OTS scheme not a right withour upfront payment: SC

The Supreme Court has ruled that a bank's onetime settlement (OTS) scheme cannot be invoked as a matter of right and that borrowers must strictly comply with its mandatory conditions, including upfront payment of a specified portion of dues, to avail themselves of the benefits of the scheme.

BANKING FINANCE

GST returns pending for over three years to be time-barred from November: GSTN

Businesses will soon be barred from filing Goods and Services Tax (GST) returns that are more than three years overdue, starting from the November 2025 tax period, the GST Network (GSTN) has announced.

BANKING FINANCE

Work on to create large world-class Indian banks: Finance Minister

Finance minister Nirmala Sitharaman said India will need several large, globally competitive banks to support its expanding economy, and discussions with the Reserve Bank of India (RBI) and individual banks have already begun.

BANKING FINANCE

Sale of immovable property outside scope of service tax: SC

The Supreme Court ruled that the sale of immovable property, by itself, does not amount to a \"service\" under the Finance Act, 1994, and is therefore outside the scope of service tax, a verdict which experts believe not only seeks to preserve the federal balance but also shields genuine land-sale transactions from service-tax exposure.

BANKING FINANCE

ChatGPT Go one-year free access launches in India with GPT-5 and advanced tools

OpenAl has rolled out a major India-focused offer: free one-year access to ChatGPT Go for all eligible users, starting November 4, 2025.

BANKING FINANCE

Bank OTS scheme not a right withour upfront payment: SC

BANKING FINANCE

Secretary, DFS Highlights New Credit Guarantee Scheme for Exporters at India Exim Bank Seminar in Kochi

Secretary, Department of Financial Services, Ministry of Finance, Government of India highlighted Government of India (GOI)’s new Credit Guarantee Scheme for Exporters (CGSE) to strengthen exporters’ resilience amid global trade uncertainties, at Exim Bank’s Seminar on ‘Redefining Growth: Strategies for Inclusive and Resilient Economic Development in Asia-Pacific’ on November 17, 2025, in Kochi, Kerala.

BANKING FINANCE

India improves its rank in global Climate Risk Index

India has improved its position in the global Climate Risk Index (CRI), ranking as the 9th most-affected country by extreme weather events over the 1995-2024 period and 15th in 2024, according to a new report released by Germanwatch.

BANKING FINANCE

Axis Bank Strengthens Support for India's Start-Up Ecosystem with the Launch of its Curated Corporate Salary Program

Axis Bank, one of India’s leading private sector banks, today announced the launch of its Curated Corporate Salary Program for Employees of Startups under its New Economy Group (NEG). The launch reinforces the Bank’s commitment to supporting new-age enterprises and their workforce with tailored financial, lifestyle, and wellness offerings, further cementing its position as the preferred banking partner for startups across their life cycle — from the growth stage to IPO.

BANKING FINANCE

GST collection rises 4.6% in October to Rs. 1.96 lakh crore despite tax cuts

India's gross Goods and Services Tax (GST) collections rose 4.6% in October 2025 to Rs. 1.96 lakh crore, marginally below the Rs. 1.97 lakh crore collected in the same month last year, according to government data.

BANKING FINANCE

Mutual Fund News

The Securities and Exchange Board of India (SEBI) has raised the minimum block deal size from Rs. 10 crore to Rs. 25 crore and widened the permissible price band for execution.

BANKING FINANCE

Industry News

1.4 crore Aadhaar numbers deactivated to prevent identity fraud

BANKING FINANCE

Applying the Cynefin Framework in Decision Making for Bankers

Misjudging the domain can lead to costly errors viz. applying redundant practices in a complex scenario or over analysing a situation that requires quick action. Cynefin offers a moment to reflect before reacting.

BANKING FINANCE

Insured bank deposits fall 9.5 percentage points in 5 years

While India's bank deposit base has expanded, the share of deposits protected by insurance has slipped. In the five years between September 2020 and March 2025, assessable deposits swelled by over Rs. 91 lakh crore, but the insurance coverage ratio dropped by 9.5 percentage points, leaving a wide gap between small savers who are fully covered and largevalue accounts that remain exposed.

BANKING FINANCE

Sustainable Finance in India: The Role of ESG in Banking and Investments

The concept of Environmental, Social, and Governance (ESG) has emerged as a transformative framework in the global financial sector, driving sustainable decision-making in banking and investments.

BANKING FINANCE

Banks and ECL norms

On October 7, the Reserve Bank of India (RBI) issued the draft Reserve Bank of India (Scheduled Commercial Banks-Asset Classification, Provisioning and Income Recognition) Directions, 2025 for public comments. These directions are proposed to be implemented by banks and financial institutions with effect from April 1, 2027 - a possible indicator that banks and financial institutions will transition to Indian Accounting Standards (Ind AS) from this date.

BANKING FINANCE

TRUMPeting Tariffs

These new trade taxes are a challenge for India, but they also create some opportunities. By finding new customers, making more things at home, and working with other countries, India can turn this problem into a chance to grow stronger.

BANKING FINANCE

RRR in Banking

This is very crucial area where bankers strive to pitch their products for the customers to achieve the set targets. Profiling is the major operation to understand the customer and identify their exact needs for providing suitable products.

BANKING FINANCE

World trusts India with semiconductor future

Prime Minister Narendra Modi pitched India as one of the most promising destinations for semiconductor manufacturing, saying \"the world trusts India, the world believes in India, and the world is ready to build semiconductor future with India\".

BANKING FINANCE

Legal News

Auction purchasers are liable to pay the property tax dues of erstwhile owners, the Calcutta HC held on Sept 25 in a case where a company sought a waiver of the outstanding property tax of Rs 1,23,84,142, for which KMC refused to grant mutation.

BANKING FINANCE

The Programmable eRs: Where code meets currency

This higher level of trust and speed could open up new business models and encourage new ideas, especially in areas that are ready to be automated. Various organisations are already testing programmable allowances for things like newspaper allowances, which shows how this technology can be used in real life in company finance.

BANKING FINANCE

RBI CIRCULAR

International Trade Settlement in Indian Rupees (INR)

BANKING FINANCE

Can HR Drive ESG in Banks? Unveiling the Role of Green HRM in Shaping Sustainable Development

Green Human Resource Management (GHRM) refers to the application of environmental sustainability in HR practices. Indian banks are adopting GHRM practices to reduce their carbon footprint and promote eco-friendly initiatives. Banks are taking initiatives to cover maximum buildings certified by Indian Green Building Council.

BANKING FINANCE

Architecture of Bonds: A Deep Dive into Fixed Income Securities

Bonds are often referred to as debt securities, and they are a critical component of the financial market, offering a safer investment alternative compared to equities. Bonds are favored by conservative investors due to their relatively lower risk and predictable returns.