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Pune: Account holders and merchants continue to face delays in cheque processing under the newly implemented single presentation cheque clearance system, despite the National Payments Corporation of India (NPCI)'s claim of "stable system".In a statement, NPCI acknowledged initial challenges at both the central system and participating banks, which led to delays in clearing cheques, crediting customer accounts and a high volume of returns. It claimed that 1.49 crore cheques totalling Rs 8.5 lakh ...Read More >
Mumbai: In a landmark move, from Saturday, India's cheque clearing system will become much faster, moving from a batch-based process to continuous clearing and settlement on realisation. This change means that funds from cheques could reach your bank account within a few hours instead of the usual one to two business days. The Reserve Bank of India (RBI) had scheduled a trial run on Friday of the new cheque clearance system before the official rollout on October 4. Under the new regime, all cheq ...Read More >
New Delhi, October 1: The Unified Payments Interface (UPI) saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of September -- with 21 per cent growth in transaction amount at Rs 24.90 lakh crore, the National Payments Corporation of India (NPCI) data showed on Wednesday. Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.85 lakh crore in August. Average daily transaction amount in September stood at Rs 82,991 crore, a rise from Rs 80,177 ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) The Unified Payments Interface (UPI) saw 31 per cent transaction count growth (year-on-year) at 19.63 billion in the month of September -- with 21 per cent growth in transaction amount at Rs 24.90 lakh crore, the National Payments Corporation of India (NPCI) data showed on Wednesday. Month-wise too, UPI witnessed a growth in transaction amount, from Rs 24.85 lakh crore in August. Average daily transaction amount in September stood at Rs 82,991 crore, a rise fr ...Read More >
New Delhi, Sep 30 (PTI) Shares of payments solution provider Seshaasai Technologies Ltd on Tuesday ended nearly 3 per cent lower in its market debut trade over the issue price of Rs 423. The stock listed at Rs 436, up 3.07 per cent from the issue price on the BSE. However, later, the stock pared early gains and ended at Rs 411.50 apiece, down 2.71 per cent. On the NSE, it started trading at Rs 432, up 2.12 per cent. The stock, however, lost momentum later and ended at Rs 411.45 each, down 2.73 ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED's Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Also Read | Durga Puja 2025: Devotees Gather at Temples To Offer Prayers ...Read More >
New Delhi, Sep 30 (PTI) Shares of payments solutions provider Seshaasai Technologies Ltd on Tuesday climbed 3 per cent in market debut trade over the issue price of Rs 423. The stock listed at Rs 436, up 3.07 per cent from the issue price on the BSE. At the NSE, it started trading at Rs 432, up 2.12 per cent. The company's market valuation stood at Rs 6,747.30 crore. The Rs 813-crore Initial Public Offering (IPO) of Seshaasai Technologies Ltd received 68.13 times subscription on the last day ...Read More >
New Delhi, Sep 30 (PTI) Shares of payments solutions provider Seshaasai Technologies Ltd on Tuesday climbed 3 per cent in market debut trade over the issue price of Rs 423. The stock listed at Rs 436, up 3.07 per cent from the issue price on the BSE. The Rs 813-crore Initial Public Offering (IPO) of Seshaasai Technologies Ltd received 68.13 times subscription on the last day of bidding on Thursday. The IPO was a combination of a fresh issue of shares worth Rs 480 crore and an offer for sale c ...Read More >
New Delhi: A 29-year-old Nigerian national was arrested from west Delhi's Tilak Nagar for allegedly duping more than 100 women from across India by posing as a UK-based Korean businessman on a language exchange app, police said on Monday. Stephane, alias K Cee Dominic, was picked up from his rented accommodation, they said. Explaining his modus operandi, police said Dominic used an app, which helps users practise languages by chatting with native speakers around the world, to target single wom ...Read More >
The 29-year-old man named Stephane, alias K Cee Dominic, was arrested from his rented accommodation, news agency PTI reported, citing police officials. Police officials said that the man used an app which helps users practise language skills by chatting with native speakers around the world. From this app, he used to target single women and gain their trust. He would then claim to be stranded at immigration with large-value cheques or documents pending clearance. Meanwhile, his associates woul ...Read More >
New Delhi: Bank customers, pension subscribers, train passengers, and postal service users will all be impacted by several regulatory, banking, and service-related changes that take effect October 1. RBI Cheque Clearing: The Reserve Bank of India (RBI) will transition from batch clearing to a continuous clearing method for cheque processing. The new system will be rolled out in two phases, with the first starting October 4, 2025, and the second from January 3, 2026. Railway ticketing rules: Ne ...Read More >
New Delhi, Sep 29 (SocialNews.XYZ) Bank customers, pension subscribers, train passengers, and postal service users will all be impacted by several regulatory, banking, and service-related changes that take effect on October 1. RBI cheque clearing: The Reserve Bank of India (RBI) will shift cheque processing from batch clearing to a continuous clearing method. The new system will be rolled out in two phases, with the first starting on October 4, 2025, and the second from January 3, 2026. Railwa ...Read More >
New Delhi, September 28: In a major breakthrough against cyber-enabled financial fraud, the Delhi Police Crime Branch's Cyber Cell has arrested a key accused linked to a pan-India crypto investment racket that defrauded a victim of nearly Rs 34 lakh, police officials said on Sunday. Officials said the accused, Naresh Kumar of Haryana's Karnal, was apprehended for acting as a professional "account provider" to organised cyber fraud syndicates operating under the name Coin-Ex Crypto Trading. Digi ...Read More >
The Supreme Court on Thursday unveiled a fresh set of directions to tackle the mounting pendency of cheque bounce cases across the country -- over a million cases across Delhi, Mumbai and Kolkata alone -- calling for their conclusion at the threshold stage wherever possible and directing that if an accused is willing to pay the cheque amount on the very first day, the matter should be disposed of immediately, without dragging on for years. A bench of justices Manmohan and NV Anjaria, while deci ...Read More >
Kolkata, Sep 16 (PTI) Economist and former CPI(M) leader Prasenjit Bose joined the Congress during a programme in the metropolis, and asserted that he would support the party in its fight to "save the Constitution". Bose (51) became a part of the Congress at a formal joining ceremony here on Monday in the presence of party leaders Ghulam Ahmad Mir, Syed Naseer Hussain and Kanhaiya Kumar, besides state unit president Subhankar Sarkar. "We have to protect the Constitution, establish a government ...Read More >
Jabalpur (Madhya Pradesh): Two persons allegedly duped a woman of Rs 14 lakh on the pretext of selling a single-storied house in Sanjeevni Nagar locality. The victim, Madhubala Tiwari, filed a written complaint at Sanjeevni Nagar Police Station, stating that she wanted to buy a single-storied or duplex. Through an advertisement, she learned that Arena Developers was constructing and selling single-storied houses and duplexes. She contacted Sheikh Jilani at his office, who, along with Atul Sahu ...Read More >
Mumbai, September 15: The National Payments Corporation of India (NPCI) has raised the Unified Payments Interface (UPI) transaction limits for person-to-merchant (P2M) payments to up to Rs 10 lakh in 24 hours for specified categories, effective from Monday. The move seeks to facilitate larger payments in key sectors and enhance digital adoption in high-value segments. The NPCI maintained the person-to-person (P2P) limit at Rs 1 lakh per day. Earlier users often encountered restrictions, forcing ...Read More >
New Delhi: The National Payments Corporation of India (NPCI) has increased the UPI daily limit for person-to-merchant (P2M) payments to Rs 10 lakh, starting from Monday. This move is aimed at helping people make larger payments through UPI in sectors like insurance, loans, investments, and travel, where higher transaction amounts are often required. The person-to-person (P2P) UPI payment limit remains unchanged at Rs 1 lakh per day. Where Can You Use the Higher Limits? The updated UPI rules n ...Read More >
Dharwad: A total of 203 cases were settled out of the 1,189 taken up during the National Lok Adalat held at the high court's Dharwad bench on Saturday, resulting in a compensation award of Rs 3.4 crore.The Lok Adalat, held under the leadership of Justice Sunildutt Yadav addressed a wide range of cases including motor accident compensation cases, cheque dishonour appeals, civil matters, and writ petitions. Many of these cases had been pending resolution for several years. The settlement of long-p ...Read More >
Chandigarh: After weeks of flood devastation, Punjab chief minister, Bhagwant Singh Mann, set a festive deadline for recovery, promising all compensation disbursed by Diwali, on Oct 21. With boosted payouts for homes, crops and livestock, he framed the plan as the most generous in the country, though the state continues to spar with the Centre over disaster relief funds.Mann announced a record ₹20,000 per acre for crop losses, promising assessments by mid-Sept and payments within weeks. Framing ...Read More >
Agartala: An official of a nationalised bank had been arrested and produced before court for her role in the recent scam worth Rs 16 crore of Agartala Municipal Corporation. The sum was debited from the official account of Agartala Municipal Corporation in UCO bank Agartala. The arrested official has been identified as Ramayani Srimoyee. Ready for a challenge? Click here to take our quiz and show off your knowledge! She hails from Assam's Noagaon but her posting was at the bank's main branch ...Read More >
Agartala (Tripura) [India], September 14 (ANI): In a major financial fraud, miscreants allegedly siphoned off Rs 16.48 crore from the Agartala Municipal Corporation (AMC) account maintained at the Kaman Choumuhani branch of UCO Bank. Following AMC's complaint, the West Agartala Police Station launched an investigation and arrested a bank cashier, identified as Ramayani Srimoyee, who was remanded to three days of police custody by the court. Also Read | Spycam Row: Ashok Gehlot Hits Out at Raja ...Read More >
Agartala (Tripura) [India], September 14 (ANI): In a major financial fraud, miscreants allegedly siphoned off Rs 16.48 crore from the Agartala Municipal Corporation (AMC) account maintained at the Kaman Choumuhani branch of UCO Bank. Following AMC's complaint, the West Agartala Police Station launched an investigation and arrested a bank cashier, identified as Ramayani Srimoyee, who was remanded to three days of police custody by the court. Dipak Majumder, Mayor of Agartala Municipal Corporati ...Read More >
New Delhi, Sep 13 (PTI) The National Legal Services Authority (NALSA) on Saturday organised the third National Lok Adalat of 2025 across taluks, districts and high courts in 29 States and eight Union Territories, a release said. It said the Lok Adalat addressed a broad spectrum of disputes, spanning both pre-litigation and pending matters, including criminal compoundable offences, plea bargaining, revenue and bank recovery cases, motor accident claims, cheque dishonour matters, labour and emplo ...Read More >
BENGALURU: Urban Company's initial public offering closed with record-breaking demand, subscribed 103.6 times overall, making it India's most subscribed IPO of 2025 among the largest issues so far. The offer drew bids for 1,106.5 crore shares against the 10.67 crore shares on offer.The biggest push came from institutions. The qualified institutional buyers (QIB) portion was subscribed 140.2 times, led by both foreign and domestic funds. Foreign institutional investors applied for 264.9 crore sha ...Read More >
Chandigarh, Sep 12 (SocialNews.XYZ) Punjab Chief Minister Bhagwant Mann on Friday said the government would ensure compensation to all flood victims within 45 days. Chairing a high-level meeting here, the Chief Minister said a few days ago he had announced that his government will give the highest compensation in the country -- 20,000 per acre -- to farmers for the crop damage. "This is the highest compensation in the history of Punjab." Mann said under previous governments, it used to take ye ...Read More >
BusinessWire India Mumbai (Maharashtra) [India], September 2: IDFC FIRST Bank is pleased to announce the facility to pay GST for both its customers as well as non-customers. The integration provides the following features: 1) Open to both customers and non-customers. 2) Customers can pay GST through UPI, Credit Cards, and Debit cards and internet Banking. 3) Customers can also pay through nationwide branch network (via DD/Cheque/Cash). 4) Easy access to downloadable challans. This enhances ...Read More >
New Delhi, Aug 28 (PTI) India's gains from importing discounted Russian oil are estimated to be just USD 2.5 billion per annum, significantly lower than the previously speculated range of USD 10-25 billion, a research report said on Thursday. Stopping Russian oil imports would force India, the world's third-largest oil importer and consumer, to rely on limited alternatives, potentially driving global crude prices up to USD 100 per barrel amid rising demand and tight supply. "Benefit from Russi ...Read More >
Bengaluru (Karnataka) [India], August 28: Swiggy Limited, India leading on-demand convenience platform, is set to redefine dining experiences yet again with the return of its much-anticipated Great Indian Restaurant Festival (GIRF) 2025. Starting August 22, during the entire upcoming festive season of 2 months, food lovers across 50+ cities in India can enjoy up to 50 discount on dining at 20,000+ top restaurants across categories including cafes, pubs, bars, luxury dining, and family dining res ...Read More >
Banks across Assam will be observing a holiday on Monday - August 25 - due to the Tirubhav Tithi of Srimanta Sankardeva in the state. The Tirubhav Tithi of Srimanta Sankardeva commemorates the death of Srimanta Sankardev, who was a renowned saint, scholar, and cultural icon in the state. He was also a polymath, poet, playwright, dancer, actor, musician, artist, social-religious reformer, and key figure of the Bhakti movement in Assam. According to Reserve Bank of India, this festival fall unde ...Read More >
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