Bank
- 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…
- India
Man tries to rob Kolkata bank with toy gun, arrested
Kolkata: A 31-year-old man was arrested in Kolkata’s Survey Park area after he was caught while allegedly attempting to rob a bank using a toy gun, police said on Saturday. Dalim Basu,…
- Business
Ignore speculation, bank remains strong, RBI assures IndusInd Bank depositors
Mumbai: The Reserve Bank of India (RBI) assured IndusInd Bank depositors of its financial stability following recent speculation about its financial health. The central bank confirmed that the bank remains well-capitalised and…
- India
SBI customers face UPI, mobile banking outage; bank says issue resolved
Mumbai: SBI customers faced difficulties in accessing UPI and mobile banking services for more than four hours on Tuesday due to some “technical issues”. The country’s largest lender later said the technical…
- Business
RBI’s move to inject Rs 1.9 lakh crore liquidity seen as positive for banks
Mumbai: The RBI’s move to inject Rs 1.9 lakh crore has come as a big positive for banks, which is reflected in the rise in the stock prices of both private and…
- Business
Kotak Mahindra Bank acquires Standard Chartered India’s personal loan biz
Mumbai: Kotak Mahindra Bank on Thursday said it has completed the acquisition of the personal loan portfolio of Standard Chartered India for Rs 3,330 crore. The acquisition, which received the necessary regulatory…
- Business
World Bank projects India’s growth to be 6.7 pc in next two fiscal years
United Nations: The World Bank projects India’s economy to grow by 6.7 per cent in the next fiscal year starting in April, slightly higher than in the current fiscal year, and continuing…
