The Reserve Bank of India (RBI) has formalized a Memorandum of Understanding (MoU) with the European Securities and Markets Authority (ESMA) to facilitate the recognition of the Clearing Corporation of India Ltd. (CCIL) and other RBI-regulated Central Counterparties (CCPs). The agreement was signed during the visit of the President of…
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Govt Mulls Hybrid ATMs for Small Notes Amid UPI Push
The Union government is exploring the introduction of hybrid automated teller machines capable of dispensing small-denomination currency notes, even as digital payments powered by the Unified Payments Interface (UPI) continue to expand rapidly across India. The move aims to address growing public frustration over the shortage of ₹10, ₹20 and…
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CCI Clears Emirates NBD Acquisition in RBL Bank
The Competition Commission of India (CCI) has approved Emirates NBD Bank (P.J.S.C.)’s proposed acquisition of up to 74% shareholding in RBL Bank Limited (RBL), following regulatory compliance and strategic arrangements. The combination includes a preferential allotment, mandatory open offer, and the merger of ENBD’s Indian banking operations with RBL on…
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Diwali 2025: Are Banks Open or Closed Today?
While Indian stock exchanges hold a special Muhurat trading session on Diwali, bank operations follow a state-wise holiday calendar announced by the Reserve Bank of India. On Tuesday, October 21, 2025 (Diwali/Deepavali & Govardhan Puja), many bank branches are closed in several cities while most branches in major metros remain…
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IDFC First Bank Q2 FY26 Profit Jumps 75.5% to ₹352 Crore
IDFC First Bank has reported a remarkable 75.5% year-on-year growth in net profit for Q2 FY26, reaching ₹352.3 crore, up from ₹200.7 crore in the same quarter last year. The bank’s strong performance reflects steady growth across its revenue and lending operations. Revenue and Net Interest Income Growth The lender’s…