RBI kept the repo rate unchanged at 5.25% in its August 2026 policy, keeping a 'neutral' stance; it projected FY27 GDP growth at 6.7% and CPI inflation at 5%.
RBI pushed the final Basel III Pillar 3 disclosure norms to April 2027 and reduced the mandatory report-archiving period from 10 years to a minimum of 5 years.
India and the Maldives launched the Favara–UPI cross-border payment link for real-time transfers into UPI-enabled Indian accounts.
RBI named 17 NBFCs (including Tata Sons) as NBFC-Upper Layer entities for 2026–27.
Japan's SMBC became Yes Bank's largest shareholder with a 24.9% stake.
Paul Merchants Finance became India's first NBFC to open dedicated Silver Loan branches, starting in Chandigarh.
The Lok Sabha passed a Bill amending the Payment and Settlement Systems Act, 2007, allowing charges (MDR) on UPI and other digital payments.
UPI completed 10 years on 25 August 2026; the IMF calls it the world's largest real-time payment system.
Bank deposit growth hit 15.4% year-on-year as of 31 July 2026 — the highest since December 2016.
Qatar launched 'PosTransfer' for direct remittances into UPI-enabled Indian bank accounts.
SBI plans to raise its AI-based cheque auto-processing limit from ₹10,000 to ₹1 lakh.
Standard Chartered received in-principle IFSCA approval to offer wealth management via GIFT City.
India's UPI-based system went live in Namibia under the local name 'WayaMe'.
The Supreme Court extended mandatory third-party insurance cover to 4 years for new cars and 6 years for new two-wheelers.
Government began a historic 6.5% stake sale in LIC via India's largest-ever Offer for Sale.