Indian Banks Levy Rs 7,100 Crore in Minimum Balance Penalties in FY26, Private Lenders Lead Charge
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July 30, 2026
Indian banks collected Rs 7,100 crore in minimum balance penalties during FY26, with private banks, notably HDFC Bank, contributing the most. This contrasts with ten public sector banks that have discontinued such charges, sparking debate on banking…
Delhi High Court Orders Winding Up of Paytm Payments Bank Following RBI License Revocation
July 29, 2026
The Delhi High Court has ordered the winding up of Paytm Payments Bank, following the RBI's revocation of its license due to operational and management concerns. Girikumar M Nair has been appointed as the official liquidator for the process.
RBI Advocates for Broader Access to India’s Bond Markets: A Catalyst for Economic Growth
July 28, 2026
The RBI is advocating for wider access to India's bond markets to boost financial stability and economic growth. This move aims to diversify funding, enhance liquidity, and include more investors like retail participants, making capital markets more…