Business
BANKING FINANCE
SEBI's overlap rule may trigger Rs. 76,000-cr MF portfolio rejig
Mutual fund houses may need to reshuffle portfolios worth about Rs. 76,000 crore as they move to comply with the Securities and Exchange Board of India's new rules aimed at curbing excessive overlap between schemes.
1 min |
April 2026
BANKING FINANCE
UP highway project worth Rs. 6,969 crore gets Cabinet nod
The Union Cabinet has approved a Rs. 6,969 crore four-lane highway project connecting Barabanki and Bahraich in Uttar Pradesh to improve regional connectivity and logistics efficiency.
1 min |
April 2026
BANKING FINANCE
Govt targets 39 lakh rooftop solar installations in FY27
The government plans to install 39 lakh rooftop solar systems with a capacity of 11,700 MW in FY27 under the PM Surya Ghar Muft Bijli Yojana.
1 min |
April 2026
BANKING FINANCE
Smartphones emerge as India's top export category
India's smartphone exports touched $30 billion in 2025, making them the country's leading export category, according to Electronics and IT Minister Ashwini Vaishnaw.
1 min |
April 2026
BANKING FINANCE
SEBI warns against misuse of AI in financial markets
Securities and Exchange Board of India has cautioned market participants against misleading claims about artificial intelligence, highlighting risks of \"AI washing\" and misinformation.
1 min |
April 2026
BANKING FINANCE
RBI links bank dividend payouts to capital strength
Reserve Bank of India has revised its dividend guidelines, allowing banks to declare payouts based on their capital adequacy, with a cap of 75 per cent of profit after tax (PAT) for the financial year.
1 min |
April 2026
BANKING FINANCE
Bombay High Court Lifts Stay on RBI Fraud Circular
The Bombay High Court has lifted the stay on the Reserve Bank of India circular governing fraud classification, allowing banks to resume action against industrialist Anil Ambani and associated entities.
1 min |
April 2026
BANKING FINANCE
SBI partners Mitsubishi group for cross-border financing
State Bank of India has entered into a strategic partnership with Mitsubishi UFJ Financial Group to finance projects, including mergers and acquisitions and real estate deals.
1 min |
April 2026
BANKING FINANCE
HDFC Bank Chairman Atanu Chakraborty resigns over ethical concerns
HDFC Bank Chairman Atanu Chakraborty has stepped down from his position, citing ethical concerns related to certain practices within the institution.
1 min |
April 2026
BANKING FINANCE
Geopolitical tensions may impact India's growth outlook: SBI
State Bank of India has cautioned that the ongoing Israel-Iran conflict could have short-term implications for India's economy, particularly through remittances and crude oil imports.
1 min |
April 2026
BANKING FINANCE
India Post launches 24/48-hour delivery services
India Post has entered the high-speed logistics segment with the launch of \"24 Speed Post\" and \"48 Speed Post,\" offering time-bound deliveries across major metro cities.
1 min |
April 2026
BANKING FINANCE
RBI Infuses Rs. 25,101 Crore via VRR Auction to Ease Liquidity
The Reserve Bank of India (RBI) has injected Rs. 25,101 crore into the banking system through a Variable Rate Repo (VRR) auction, aiming to address short-term liquidity pressures and maintain stability in money markets.
1 min |
April 2026
BANKING FINANCE
RBI proposes 5-day compensation for small digital fraud cases
Reserve Bank of India has proposed a framework to compensate customers for small-value digital frauds within five days of complaint submission.
1 min |
April 2026
BANKING FINANCE
SBI launches $500 million social loan for women empowerment
State Bank of India has introduced a $500 million syndicated social term loan facility aimed at promoting women empowerment, with a greenshoe option.
1 min |
April 2026
BANKING FINANCE
IDFC First Bank Fraud Allegation Seen as Operational Risk Event
Allegations of fraud involving IDFC First Bank have drawn market attention, though brokerage assessments suggest the financial and operational impact may remain contained.
1 min |
April 2026
BANKING FINANCE
RBI explores avenues for Russian partners to utilise INR balances
Reserve Bank of India is working on mechanisms to enable Russian trade partners to utilise accumulated Indian rupee balances through imports and investments in India.
1 min |
April 2026
BANKING FINANCE
PSBs earn Rs. 28,600 crore from third-party product sales
Public sector banks have earned over Rs. 28,600 crore in the last five years through the sale of third-party financial products such as insurance, mutual funds and credit cards, according to Finance Ministry data.
1 min |
April 2026
BANKING FINANCE
Cannot deny pension to those who resign: Calcutta HC
In the case of a trust-based pension scheme which provides a pension on completion of specific years of service, resignation cannot defeat eligibility, the Calcutta High Court held while dismissing the argument of a private company which denied pensions to employees just because they \"resigned\" and did not \"retire\".
1 min |
April 2026
BANKING FINANCE
Direct tax collections rise to Rs. 22.8 lakh crore
India's net direct tax collections grew 7.1 per cent to around Rs. 22.8 lakh crore by March 17 of the current financial year, driven by strong corporate tax growth and moderated refund outflows.
1 min |
April 2026
BANKING FINANCE
Risk-Based Decision Making: Moving Beyond Traditional Compliance Frameworks
In today's dynamic financial environment, risk is no longer a back-office concern confined to compliance teams.
3 min |
April 2026
BANKING FINANCE
Vinay Tonse named CEO-designate of Yes Bank
Yes Bank has appointed Vinay Tonse as Managing Director and CEO-designate, succeeding Prashant Kumar whose term ends in April.
1 min |
April 2026
BANKING FINANCE
SC: Compensation not a substitute for punishment
Sending a clear message to high courts and trial courts that a person convicted of a crime could not be let off with lenient punishment on agreeing to financially compensate the victim, Supreme Court said that such compensation could not be considered equivalent to or a substitute for punishment.
1 min |
April 2026
BANKING FINANCE
RBI penalises Cashfree for escrow account violations
Reserve Bank of India has imposed a penalty of Rs. 3.1 lakh on Cashfree Payments India Private Limited for noncompliance with regulatory norms.
1 min |
April 2026
BANKING FINANCE
Union Bank approves Rs.20,000 crore bond issuance
Union Bank of India has approved plans to raise up to Rs. 20,000 crore through long-term bonds to fund infrastructure and affordable housing projects.
1 min |
April 2026
BANKING FINANCE
Oil Price Shock and Its Ripple Effect on Inflation, Banking and Capital Markets
Global oil prices have once again emerged as a critical macroeconomic variable influencing the stability of economies worldwide.
4 min |
April 2026
BANKING FINANCE
Women remain under-represented in corporate leadership roles
Women held only 12.4 per cent of key managerial positions in Indian companies in FY25, according to a report by the CFA Institute.
1 min |
April 2026
BANKING FINANCE
J&K Bank partners NBFCs to expand retail lending footprint
Jammu and Kashmir Bank has entered into co-lending partnerships with Home First Finance Company India Limited and IIFL Finance to strengthen its retail lending business.
1 min |
April 2026
BANKING FINANCE
Diminishing Promoter Ownership of Companies- No 'Skin in the Game'?
Companies raise capital through Offer For Sale (OFS) component, allowing existing investors to sell their shares or exit the company.
7 min |
April 2026
BANKING FINANCE
Banks collect Rs. 19,000 crore in minimum balance penalties
Banks have collected around Rs. 19,000 crore from customers for not maintaining minimum balances in savings accounts over the three financial years from 2022-23 to 2024-25, according to government data.
1 min |
April 2026
BANKING FINANCE
RBI reassures on HDFC Bank governance after chairman exit
Reserve Bank of India has clarified that there are no material governance concerns at HDFC Bank following the resignation of part-time chairman Atanu Chakraborty.
1 min |