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A new rating update from a major agency is poised to significantly impact investor strategies, potentially altering market dynamics overnight.
Category : Banking
New Financial Rules Effective April 1: Tax, Banking, PAN
India implements sweeping financial reforms from April 1, including the new Income Tax Act 2025, revised PAN regulations, UPI-based ATM withdrawals, and changes to HRA, meal coupons, and railway ticket cancellations.
Key Financial Changes from April 1: New Tax Rules & Banking Policies
The Income Tax Act, 2025, has replaced the 1961 Act, bringing new financial regulations on income tax, PAN cards, ATM withdrawals, and more. Here's a comprehensive guide to all the changes.
Rupee Rises 15 Paise to 94.70 vs USD After RBI Rule
The Indian rupee appreciated by 15 paise to 94.70 against the US dollar in early trade on April 1, 2026. This movement follows the Reserve Bank of India's recent directive capping banks' Net Open Position in INR at USD 100 million, with compliance require
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Gold Loans Drive India's Credit Growth: Volume Up 45%, Value 108%
Gold loans are powering India's credit supply surge, with loan originations rising 45% in volume and 108% in value in December 2025, driven by high gold prices and digital adoption.
Fitch: Gold Price Drop Erodes Loan Collateral Buffers
Fitch Ratings warns that a prolonged decline in gold prices could erode collateral buffers for loans, impacting financial stability and consumer credit in markets like India.
LPG Price Hike Impacts Restaurant, QSR, Hotel Stocks
A recent hike in LPG gas prices has drawn investor attention to restaurant, quick-service restaurant (QSR), and hotel stocks, with potential impacts on operational costs and profitability in the hospitality sector.
Kotak Bank Scam: Third Arrest, Probe Widens in Haryana
Haryana police have made a third arrest in the Kotak Mahindra Bank fraud case, expanding their investigation into the alleged scam involving forged documents and financial irregularities.
Sammaan Capital Pivots to Multi-Asset Lender After IHC Deal
Sammaan Capital, formerly Indiabulls Housing Finance, will transform into a multi-asset lender offering personal, gold, and MSME loans following its acquisition by Abu Dhabi's International Holding Company for approximately Rs 8,850 crore.
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Gold Loans Hit Rs 16 Lakh Crore, Second Only to Home Loans
Gold loans have become the top product in new originations and India's second-largest retail credit book at Rs 16 lakh crore, per TransUnion Cibil. Consumer durable loans now lead for first-time borrowers, replacing two-wheelers and priority sector loans.
RBI Extends Export Credit to 450 Days for Exporters Until 2026
The Reserve Bank of India has extended pandemic-style leniency on trade finance, allowing pre- and post-shipment export credit up to 450 days for disbursements until June 30, 2026, to support exporters facing logistics and payment delays due to West Asia
Surat Banks Alert RBI Over Severe Cash Shortage Crisis
The South Gujarat Co-Operative Banks Association urgently appeals to RBI, citing a month-long cash shortage affecting 46 urban cooperative banks, disrupting operations and customer trust.
Six Charged in Rs 1.35 Crore PMEGP Loan Fraud at Bank
Nilambaug police in Rajkot have filed an FIR against six individuals, including four loan beneficiaries and two bank agents, for a Rs 1.35 crore fraud involving diverted PMEGP scheme funds at a nationalised bank in Bhavnagar.
Gold Price Drop Erodes Collateral Buffers, Risks Stability
A prolonged drop in gold prices could significantly erode collateral buffers in financial systems, posing risks to stability as gold is widely used as loan security.
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Axis Bank Scam: ₹5.28 Crore Fraud in Vijayawada
A major financial fraud involving ₹5.28 crore has been uncovered in Vijayawada, where fraudsters allegedly cheated Axis Bank by creating fake accounts with forged documents over several years.
ED Chargesheet in Rs 564 Crore Ritz Ponzi Scheme
The Enforcement Directorate has filed a supplementary chargesheet against 18 more accused in the Rs 564 crore Ritz Consultancy Ponzi scheme, alleging money laundering and diversion of investor funds.
April Financial Reset: New UPI, ATM, PAN, FASTag, Railway Rules
Starting April 1, India implements new financial regulations affecting UPI, ATM withdrawals, PAN usage, FASTag fees, and railway refunds. These changes aim to enhance compliance and transparency.
EPF Rejections Leave Millions in Limbo; Kustodian Helps Recover Funds
Millions of EPF claims face rejections, leaving funds stuck. Kustodian steps in to assist recovery, addressing systemic issues in India's provident fund system.
RBI Forex Rules Could Hurt Banks, Jefferies Seeks Relief
Jefferies reports RBI's forex tightening measures could impact bank profitability, but expects potential relief from the central bank to ease the burden on financial institutions.
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New Online Payment Rules from April 1, 2026: Major Changes
Starting April 1, 2026, India will implement new online payment rules, including stricter KYC, transaction limits, and enhanced security measures, impacting digital wallets, UPI, and card payments.
April 2026 Bank Holidays: State Schedule & Digital Banking Guide
Complete guide to April 2026 bank holidays across India with state-wise closures, digital banking alternatives, and transaction planning advice for customers.
Gold Price Prediction: Risk Asset Dynamics and Market Outlook
Gold prices are fluctuating as the metal trades inversely to yields and the Dollar Index. Geopolitical tensions and central bank actions add volatility, with key US data ahead.
Markets Shut for Mahavir Jayanti; Asian Indices Mixed, Oil Up
Indian stock markets remained closed on Mahavir Jayanti, while other Asian indices showed mixed trends. Crude oil prices stayed above $107 per barrel, influencing global market sentiments.
PSB LBO Recruitment 2026: 1000 Posts in 17 States
Punjab & Sind Bank has launched its LBO recruitment drive for 2026, offering 1000 vacancies across 17 Indian states. Check direct link and notification PDF details here.
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Bank Holiday Today: Mahavir Jayanti Closures & RBI Exceptions
Banks in multiple Indian states are closed today for Mahavir Jayanti, but agency banks remain open for government transactions. Check the state list and digital banking options.
Verify Financial Schemes & Entities on Sachet Portal
Learn how the Sachet portal helps consumers verify financial schemes and entities to prevent fraud, with RBI's guidelines and user tips for secure transactions.
RBI Could Stop Helicopter Cash Transport in Chhattisgarh After Maoist Clearance
The Reserve Bank of India may discontinue the expensive practice of airlifting currency notes to remote Chhattisgarh areas if the government declares the country Maoist-free by March 31, 2026, following a decade of security-driven operations.
Chandrapur Crypto Scam: EOW Uncovers Crore Fraud, Two Arrested
Chandrapur's Economic Offences Wing exposes a cryptocurrency investment scam running into crores, arresting two accused who allegedly duped hundreds with false promises of high returns and luxury incentives.
RBI Delays Bank Capital Market Rules to July 1
The Reserve Bank of India has postponed its new guidelines on bank capital market exposures, including acquisition finance, by three months to July 1, 2024.
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Ex-HDFC Bank Chair Challenges MD on Bond Scandal, Ethics
Atanu Chakraborty refutes Sashidhar Jagdishan's statement linking his exit to internal disputes, highlighting governance failures and ethical misalignments at HDFC Bank.
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