Bank
- Business
RBI may cut interest rate by 25 bps on Friday
Mumbai: The RBI may trim the benchmark lending rate by 25 bps in its forthcoming monetary policy meeting, as inflationary pressures are subdued, though some experts believe the central bank is likely…
- Bangalore
Bengaluru woman loses Rs 31.83 cr in months-long digital arrest scam
Bengaluru: A 57-year-old woman here allegedly lost about Rs 32 crore in a sophisticated “digital arrest” scam that lasted over six months, following which a case has been registered. Posing as CBI…
- Business
RBI returns Jana Small Finance Bank’s universal bank application
Mumbai: Jana Small Finance Bank on Tuesday said the Reserve Bank of India (RBI) has returned its application to become a universal bank due to non-fulfilment of criteria. The Small Finance Bank’s…
- Business
Stock markets rebound in early trade after seven days of fall
Mumbai: Benchmark indices Sensex and Nifty bounced back in early trade on Tuesday, after falling sharply in the past seven trading days, helped by buying in bank stocks. The 30-share BSE Sensex…
- Middle East
Thirteen Indian nurses booked for loan default over complaint by Kuwait bank
Kochi: Thirteen Indian nurses have been booked by Kerala Police for allegedly defaulting on loans taken from the Al Ahli Bank of Kuwait (ABK) while working in the Gulf country. The accused,…
- Pakistan
Saudi Arabia major source of cheap foreign loans for Pakistan: report
Islamabad: Saudi Arabia remains the major source of cheap foreign loans for Pakistan, charging an annual interest rate of only 4 per cent, a media report said on Sunday. Riyadh charged a…
- Business
SEBI clears LIC’s reclassification as public shareholder in IDBI Bank
Mumbai: In an important step towards the privatisation of IDBI Bank, the Securities and Exchange Board of India (SEBI) has approved the reclassification of the Life Insurance Corporation of India (LIC) as…
- Andhra Pradesh
Burglars strike SBI bank branch without guard in Andhra
Hindupur: Burglars struck at an SBI bank branch without a guard in Andhra Pradesh and decamped with 10 kg gold and Rs 38 lakh cash, said a police official on Tuesday. The…
- Business
New UPI rules to limit balance checks, auto-pay timings from Aug 1
Mumbai: Starting August 1, using UPI will come with a set of new rules aimed at improving transaction speed, reducing system load, and making payments safer. The National Payments Corporation of India…
- India
Bank trade unions to join strike on July 9
Kolkata: An association of bank employees on Monday said the banking sector will join a nationwide strike on July 9, called by the central trade unions, against the economic policies of the…
- Business
SEBI bars US firm Jane Street from Indian markets
Mumbai: The Securities and Exchange Board of India (SEBI) has barred US trading entity Jane Street and three of its related entities from accessing the market, directing them to deposit illegal gains…
- Business
SBI celebrates 70 years with Rs 66 lakh crore balance sheet
Mumbai: The State Bank of India (SBI), the nation’s largest financial institution, is celebrating its 70th year of operations with a balance sheet that has soared to Rs 66 lakh crore and…
- India
Bihar: Three get rigorous imprisonment in 1991 bank fraud case
New Delhi: A CBI court in Patna, Bihar, has sentenced three accused to three years of rigorous imprisonment and imposed fines in a bank fraud case filed in 1991. The court sentenced…
- Business
India’s credit rating upgraded to ‘BBB’ with ‘Stable’ trend: Morningstar DBRS
New Delhi: India’s rating has been upgraded from ‘BBB (low)’ to ‘BBB’ with a ‘Stable’ trend by global sovereign credit rating agency Morningstar DBRS. The key drivers for the ratings upgrade include…
- Business
Cumulative rate cuts of 125-150 bps estimated in FY26: SBI report
New Delhi: The benign inflationary patterns suggest an aggressive rate cut trajectory by the Reserve Bank of India, with key policy rate likely to breach the ‘Neutral’ rate by March 2026, an…
