Indian home loans cheaper than US for first time
For the first time in modern economic history, baseline home loan rates in India have fallen below those in the United States. As of September 25, 2026, Indian PSU banks are offering…
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Banks open on Anant Chaturthi, closed on second Saturday
Banks will remain open across most of India on September 25 for Anant Chaturthi, NDTV Profit reports. Only banks in Gangtok will be closed due to the Indrajatra Festival.
NRIs can inherit agricultural land but cannot sell to NRIs
Non-resident Indians can inherit agricultural land in India but are restricted to selling it only to an Indian resident, according to rules under the Foreign Exchange Management Act. While NRIs are prohibited…
Banks to remain open this Sunday ahead of 3-day strike
Public-sector and regional rural banks will remain open on Sunday, September 27, despite it being a weekly holiday, as the central government moves to minimise disruption before a three-day bank strike from…
Zero balance savings accounts offer flexibility for new savers
A zero-balance savings account does not require the account holder to maintain a minimum balance while providing access to regular banking services such as receiving money, making UPI payments, paying bills, transferring…
Bank strike from Sept 28 may delay remittances from UAE
Bank employees' unions have called a three-day nationwide strike from September 28, coinciding with half-yearly closing. The United Forum of Bank Unions, claiming to represent 90 per cent of banking staff, is…
Nifty below 23,000, analysts see more downside ahead
The Nifty 50 index closed below the crucial 23,000 level on Thursday, hitting its lowest since April, as selling pressure intensified across the board. Livemint reports the index broke down from an…
RBI fines Hero Fincorp Rs 10 lakh, Ola Financial Rs 3.10 lakh
The Reserve Bank of India has imposed a monetary penalty of Rs 10 lakh on Hero Fincorp for collecting excess interest from certain loan accounts, and a separate penalty of Rs 3.10…
UPI merchant fee of 0.4% on payments over Rs 2,000 from October 15
The government will introduce a Merchant Discount Rate (MDR) of 0.4% on UPI payments above Rs 2,000 from October 15. Individual users will not pay the fee, only merchants will. The fee…
SBI open Sunday but bank unions oppose, 11 holidays in October
State Bank of India has announced all its branches will remain open on Sunday, September 27, 2026, following RBI approval. However, the All India Bank Officers Association has advised its members not…
