टैग: Banking News

Can the Government Levy Charges on UPI Payments? What the Proposed Law Means for Merchants and Customers

The passage of the Taxation and Other Laws (Amendment) Bill, 2026 in the Lok Sabha has triggered a nationwide debate over the future of Unified Payments Interface (UPI) transactions. The discussion centres on whether the government can now allow banks and payment service providers to levy charges on UPI payments through a revised legal framework.

State Bank of India Reports Lowest NPA Ratio in Over Two Decades in Q1 FY27 as Slippages Improve

State Bank of India (SBI) reported a strong improvement in its asset quality for the quarter ended June 30, 2026, with the country’s largest lender recording its lowest non-performing asset (NPA) ratio in more than two decades. The bank also posted lower slippages and improved profitability during the April-June quarter, reflecting healthier loan performance and stronger balance sheet fundamentals.

RBI Bars Banks From Remotely Locking Borrowers’ Phones and Laptops Under New Loan Recovery Rules

RBI Device Locking Rules: The Reserve Bank of India (RBI) has introduced a new framework governing the use of technology in loan recovery, making it clear that banks and other regulated lenders cannot remotely disable or restrict a borrower’s mobile phone, tablet or laptop simply because of a loan default. The central bank has said such restrictions will be permitted only in limited circumstances and subject to strict safeguards.

RBL Bank Fixes August 14 as Record Date for Final FY26 Dividend; AGM Scheduled for September 2

RBL Bank has announced August 14, 2026, as the record date to determine shareholders eligible to receive its final dividend of ₹1 per equity share for the financial year ended March 31, 2026. The dividend, announced earlier with the bank’s fourth-quarter FY26 results, will be paid on or before October 1, 2026, subject to shareholders’ approval at the upcoming Annual General Meeting (AGM).