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Indian Banks’ Association

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Last Updated: Just Now
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National Governance & Policy Just now (07:34 AM IST)

Bank Unions Defer Three-Day Strike After Talks With IBA Yield 'Understandings'

Bank unions have deferred their planned three-day nationwide strike after what they described as “understandings reached” with the Indian Banks’ Association, easing an immediate threat of disruption across the banking system. A high-level committee of the IBA and the United Forum of Bank Unions will be formed immediately to examine the long-pending demand to declare the remaining Saturdays as holidays.

By RDU Global Wire5 min read
Banking, Fintech & InsuranceJust now (07:33 AM IST)

Banks to Stay Open on September 28 as Strike Is Deferred After Union-IBA Talks

Banks are expected to operate normally on September 28 after the proposed strike by bank unions was deferred following discussions with the Indian Banks' Association. The development eases immediate disruption risks for customers, though unresolved demands — including Saturday holiday declarations — remain on the table and could shape future negotiations.

5 min readRead →
Banking, Fintech & InsuranceJust now (07:33 AM IST)

High-Level Banking Panel Likely by October-End as Composition Takes Shape

A high-level panel on banking is likely to be announced by the end of October, with its composition now being finalised, according to people familiar with the matter. The proposed body is expected to bring together a former Reserve Bank of India deputy governor, fintech industry leaders and an Indian Banks’ Association nominee, signalling an effort to align policy, regulation and market innovation.

4 min readRead →
Banking, Fintech & Insurance6h ago

Government Says New UPI Merchant Fee Won't Hit Consumers as India Moves to Protect Digital Payments Growth

Government sources on Thursday said the proposed 0.4% merchant discount rate on certain UPI transactions above Rs 2,000 will be borne by merchants, not consumers, and will not flow into government coffers. The move, effective October 15, is aimed at building a sustainable revenue model for the digital payments ecosystem while keeping person-to-person UPI transfers free and shielding most small merchants from the charge.

5 min readRead →

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Co-Occurring Entities

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