Last week, there was heavy pressure on the stock market. Sensex recorded 2.66% and NIFTY 2.65%. The announcement of heavy selling of foreign investors and the US increase the tariff on pharma products hurt the sentiments of investors. On Friday alone, FIIS sold shares of over ₹ 5,600 crore, which further dropped the market. Now the eye is on the next week, where many major developments will decide the direction of the market. The most important is the meeting of RBI’s Monetary Policy Committee (MPC) starting on September 29. On October 1, Governor Sanjay Malhotra will pronounce the decision at the press conference. If interest rates are cut, then a positive environment is expected to be created in the market. Apart from this, US-India trade talks, policy changes on pharma sector, and money and gold moves can also affect the market direction. Another major movement will be seen in the primary market – a total of 20 iPos are opening next week, out of which 4 are connected to the mainboard and the rest of the SME platform. Also, the listing of 26 companies is also fixed, which may increase the interest of investors. Overall, the next week is highly active and decisive for the market.

The RBI has implemented a new rule to dispose of Nominee Claim of bank accounts and lockers in 15 days. Now the deceased person’s Nominee will get funds quickly and if the bank delays, they will also have to pay compensation, which includes the bank’s interest rate + 4% annual interest. This rule will be applicable to private and cooperative banks by 31 March 2026. The process which will not have Nominee and the deposit amount will be less than 5 lakhs in the cooperative bank or less than 15 lakhs in other banks. But if the amount is more than this, the bank can ask for additional documents like Succession Certificate and Legal Heir Certificate. This move of RBI is taken to dispose of the claim connected to the accounts of the deceased customers, so that customers can get better service and the process of documents is also easy and standardized. Nominee accounts closing from this rule will now be even more smooth and safe.

There was a big change in India’s banking sector when State Bank of India (SBI) sold its 13.18% stake in YES Bank. Under this Deal, Japan’s legendary Banking Company Sumitomo Mitsui Banking Corporation (SMBC) has bought this stake for ₹ 8,889 crore. SBI sold 413.44 crore Share at the rate of ₹ 21.50 per Share. SMBC had received approval from RBI on 22 August 2025 and CCI on 2 September. The SBI Board approved this deal in May 2025 itself. SMBC, which is part of Sumitomo Mitsui Financial Group (SMFG), is investing a total of ₹ 13,483 crore in YES Bank, which will give him a 20% stake. RBI has also allowed SMBC to send 2 Nominee directors to Yes Bank’s board. Along with SBI, 7 and private bank, HDFC Bank, ICICI Bank, Axis, Kotak, IDFC First, Federal and Bandhan Bank-also remained 6.81% stake in ₹ 4,594 million. Are. In 2020, these banks bought Share at ₹ 10, and are now getting out with profits at double the rate.