KHATIMA NEWS
Business
The August series expiry on NSE is scheduled for Tuesday, 25 August 2026. CNBC Awaaz Managing Editor Anuj Singhal has warned traders about selling out-of-the-money single-stock options close to expiry, as a sudden price move can turn a ₹3-4 premium trade into a physical settlement obligation worth lakhs.
Business
The Reserve Bank of India has imposed penalties of ₹2.70 lakh on Progfin Private Limited and ₹8.10 lakh on Shri Ram Finance Corporation Private Limited. The action followed inspections linked to their financial positions as on March 31, 2025, and identified shortcomings involving KYC systems, customer risk classification and governance requirements.
Business
The Reserve Bank of India has fined Shri Ram Finance Corporation Private Limited ₹8.10 lakh after finding breaches involving director appointments, customer risk categorisation and the timely uploading of KYC records. The action followed a statutory inspection linked to the company’s financial position as on March 31, 2025.
Business
Non-audit taxpayers earning from business or profession must file their income tax returns by 31 August 2026. Missing the deadline can lead to late fees, interest on unpaid tax and loss of eligibility to carry forward certain business, trading or capital losses. Separate deadlines apply to audited and transfer pricing cases.
Business
State Bank of India will change the way monthly free withdrawals are counted for Basic Savings Bank Deposit account holders from October 1, 2026. Cash withdrawals beyond the first four in a month will cost Rs 15 plus GST per transaction, with digital transactions included in the revised count.
Business
The 8th Pay Commission is continuing consultations with employee unions, pensioner groups and other stakeholders. Meetings are scheduled in Jaipur, Chandigarh, Puducherry and Chennai, while the commission has also updated its consultant engagement guidelines. No final decision has yet been announced on salaries, pensions, the fitment factor or a revised pay structure.
Business
In the first quarter, foreign funds with large holdings navigated volatility in Indian equities, keeping faith in local equities while outperforming key benchmarks. The trend highlights continued confidence from foreign investors despite market swings, with notable gains among leading fund managers and portfolio holders.
Business
Government backing for FCNR(B) deposits has unlocked higher rates for Non-Resident Indians, Overseas Citizens of India and Persons of Indian Origin. Banks are now advertising elevated returns on 3- to 5-year FD tenures in foreign currencies, led by USD deposits and backed by a guarantee that hedging costs will be borne until September 30, 2026.
Business
The Union government has detailed four major steps undertaken by the Employees’ Provident Fund Organisation to resolve pending higher-pension applications under the Employees’ Pension Scheme. The measures follow a Supreme Court ruling and are aimed at speeding verification, enabling online options, directing regional offices, and maintaining ongoing monitoring, while noting no nationwide deadline has been set.
TRUSTED NEWS FROM KHATIMA & UTTARAKHAND
