UPI Processes Nearly 80 Crore Transactions Daily, Says Nirmala Sitharaman
India’s Unified Payments Interface (UPI) has emerged as the world’s largest real-time payment system, processing nearly 80 crore transactions every day, Union Finance Minister Nirmala Sitharaman said on October 25. The platform now handles more than 2,400 crore transactions a month, highlighting the growing role of digital payments in the country’s financial ecosystem. Sitharaman made […]
RBI Inaugurates Fourth Data Centre in Bhubaneswar to Strengthen Financial System Resilience
The Reserve Bank of India (RBI) has inaugurated a new data centre and a cybersecurity training institute in Bhubaneswar, Odisha, to strengthen the country’s digital financial infrastructure and improve the reliability of critical financial services. The facilities were inaugurated by Prime Minister Narendra Modi on October 25, 2026, and are expected to support the uninterrupted […]
IIFL Capital Hires Four Senior Bankers from Barclays to Expand Wealth Management Business
IIFL Capital Services has hired four senior private banking professionals from Barclays as it looks to strengthen its wealth management business and expand its reach among affluent Indian families, business owners and non-resident Indians (NRIs). The appointments come amid intensifying competition among financial services firms to attract high-net-worth and ultra-high-net-worth clients. The four executives joining […]
Jammu and Kashmir Bank Raises Accident Insurance Cover to ₹1 Crore for Government Employees
Jammu and Kashmir Bank has increased the group personal accident insurance cover for permanent Jammu and Kashmir government employees from ₹25 lakh to ₹1 crore under a five-year agreement signed with the Union Territory administration. The agreement, signed on October 23, 2026, also introduces additional insurance benefits, family assistance provisions and banking concessions for eligible […]
