Pulse of the Public
Pulse of the Public
Reserve Bank of India Governor Sanjay Malhotra introduced UPI 'Tap & Pay' on POS terminals and 'MyUPI', an AI-powered customer support system, at the Global Fintech Fest 2026 in Mumbai. The new features allow contactless PIN-less payments up to ₹5,000 using POS terminal internet and provide enhanced payment security controls.
Congress legislator S. Ravi has been elected unopposed as the president of the Karnataka State Cooperative Apex Bank Ltd, following a consensus within the ruling party. Former minister Sharanagouda Patil Bayyapur was elected vice-president of the apex cooperative banking institution.
Unidentified masked culprits broke open a Canara Bank ATM using a gas cutter in Golasangi village of Nidagundi taluk and made away with over ₹19 lakh in cash. Nidagundi police have registered a case and launched an investigation using CCTV footage.
Speaking at the annual general body meeting of the Ron Primary Co-operative Agricultural and Rural Development (PLD) Bank, Guarantee Committee Chairman Mithun Patil emphasized the vital role of co-operatives in empowering rural farmers.
A 37-year-old private bank employee, Mohan Kumar, allegedly died by suicide near Madanabhavi in Nyamathi taluk after leaving a video message accusing colleagues of extorting money for a job promotion.
A 43-year-old supervisor working with the Shri Kshethra Dharmasthala Rural Development Project was found dead at Holagundi village in Hoovina Hadagali taluk. His family has alleged severe workplace harassment and excessive target pressure by senior managers.
Kolar MLA Kothur G. Manjunath has been elected unopposed as the President of the Kolar-Chikkaballapur District Central Cooperative (DCC) Bank, while H.S. Mohan Reddy was chosen as Vice President.
Two masked men attempted to break into an SBI ATM on MG Road in Somawarapete town before fleeing. Somawarapete Police have registered a case and launched an investigation based on CCTV footage.
The Reserve Bank of India (RBI) has penalized three urban co-operative banks in Karnataka, including Pragathi Co-operative Bank and Vikas Souharda Co-operative Bank, for violating regulatory norms on loan classification and director-linked credit.
Data released by the National Payments Corporation of India (NPCI) shows that Unified Payments Interface (UPI) transactions recorded an all-time high volume of 24.51 billion in August 2026, with total transaction value reaching ₹29.82 lakh crore.