India’s digital payments system is built on one defining feature: speed. Whether it’s splitting a bill, paying rent, or sending money in an emergency, UPI works because it is instant.…
Category: Banking And Finance
How to pay zero income tax on ₹15.85 lakh salary under new tax regime
Imagine earning a CTC of ₹15.85 and still legally owing zero income tax. For FY 2026-27, the new income tax rules, 2026, have made meal vouchers a powerhouse under the…
West Asia war: Indian banks better placed to weather global stress but face margin squeeze, Fitch Ratings says
Indian banks are expected to remain relatively resilient amid rising global uncertainties, though they could face pressure on margins and liquidity if external risks persist, said in a report on…
Axis Mutual Fund launches defence index fund; NFO opens 10 April
Axis Mutual Fund has announced the launch of its new thematic offering, the Axis Nifty India Defence Index Fund. This is an open-ended scheme which will focus on tracking the…
PFRDA launches NPS Swasthya, enabling subscribers to use retirement funds for healthcare
The Pension Fund Regulatory and Development Authority (PFRDA) now allows subscribers under ‘NPS Swasthya’, a multi-partner initiative that integrates retirement savings with healthcare accessibility, to get coverage for in-patient services…
Banks to seek RBI nod for parallel fraud probes
New Delhi: Banks plan to approach the Reserve Bank of India (RBI) to allow parallel internal investigations in cases where law enforcement agencies (LEAs) have initiated probes into borrower accounts,…
General insurance reports 9% GWP growth in FY26
Mumbai: India’s general insurance industry reported a 9% growth in gross written premium (GWP) in FY26, accelerating from a 6% rate of expansion the year earlier, mainly due to more…
RBI proposes one-hour delay on high-value digital transfers to curb fraud
Mumbai: The Reserve Bank of India on Thursday released a discussion paper proposing a series of measures to tackle the sharp rise in digital payment fraud, including a mandatory time…
RBI may soon make you wait an hour before your UPI transfers goes through
The Reserve Bank of India is weighing a plan to pause large digital payments for up to an hour before completing them, as fraud losses from online transactions crossed ₹22,000…