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BANKING SYSTEM
Fully prepared for smooth, secure conduct of NEET-UG re-exam: NTAThe agency said it is closely monitoring social media and taking firm action against rumour-mongering and fraudulent "paper leak" claims, w...
Will strengthen digital infrastructure for effective policing: Karnataka Home Minister Priyank KhargeKarnataka Home Minister Priyank Kharge emphasized bolstering the state's digital infrastructure and intelligent systems for enhanced polici...
ED searches Bengaluru firms over alleged crypto-linked cross-border money transfers; probe estimates over Rs 2,500 croreBengaluru's Enforcement Directorate has raided six locations over alleged illegal cross-border money transfers exceeding Rs 2,500 crore usi...
RBI revises Kisan Credit Card norms, standardises crop season definitionThe Reserve Bank has revamped the Kisan Credit Card (KCC) Scheme, standardizing crop season definitions for uniform loan sanctions and repa...
Bandhan Bank increases FCNR(B) deposit rates to 7.1 pc after RBI forex swap moveBandhan Bank has raised interest rates on Foreign Currency Non-Resident Bank deposits for non-resident Indian customers. US dollar deposits...
India short-bond rally faces risks from cash drain, analysts SayBofA Securities and Bandhan AMC Ltd. expect the Reserve Bank of India to step up short-term cash withdrawal operations in coming months as ...
Banking liquidity falls to fiscal-year low, pushes up money market ratesMoney market rates have risen as banking system liquidity dropped to its lowest this fiscal year. Advanced tax outflows caused this liquidi...
RBI to conduct Rs 1 lakh cr 3-day VRR auction on Jun 19The Reserve Bank of India will conduct a Rs 1 lakh crore variable rate repo auction on June 19. This move aims to manage liquidity in the b...
International Finance Corporation announces $371 million investment in data centre operator SifyThe International Finance Corporation is investing $371 million in Sify Technologies. This funding will develop two new data centres in Nav...
RBI clears three-month extension for HDFC Bank interim chairman Keki MistryThe Reserve Bank of India has granted a three-month extension for Keki Mistry as interim Part-time Chairman of HDFC Bank. This allows the b...
RBI not in favour of offshore settlement for sovereign bonds: ReportIndia's central bank, the RBI, is opting against direct settlement of government securities via offshore platforms like Euroclear. Instead,...
RBI not in favour of offshore settlement for government securities, sources sayThe RBI is steering clear of offshore settlement for government securities, preferring foreign investors to trade directly on the domestic ...
Fed begins Warsh era with rate hold, sees hike possible later in 2026The Federal Reserve maintained interest rates but signaled a potential hike later this year due to inflation concerns. New projections show...
Digital systems secure, says Axis Bank amid AI platform-driven vulnerability claims on cybersecurityAxis Bank assures its digital systems are secure. The bank states cyber fraud largely occurs when customers are tricked by external communi...
SoftBank launches cybersecurity product based on OpenAI modelsThe "Patching as a Service" product will be rolled out in Japan through a joint venture established last November between SoftBank's dome...
FCNR(B) window may save banks Rs 4,000 croreBanks are poised to save approximately ₹4,000 crore annually by raising deposits through FCNR(B) accounts, as the RBI covers hedging costs,...
US Treasury expands bank data-sharing rules tied to Trump immigration crackdownThe Treasury Department is guiding banks to share information on suspected undocumented customers, framing it as a crackdown on fraud and c...
F&O Talk: Bullish Nifty charts; Sudeep Shah picks 7 stocks, outlines HDFC Bank, Sterlite Tech strategyIndian stock markets rallied sharply on Friday, with Sensex and Nifty gaining 2% each, driven by hopes of a US-Iran peace deal and easing c...
Higher crude prices fuel bank lending boom; credit growth hits 17.7%, fastest since June 2024Bank lending saw its fastest growth in almost two years by May 31, 2026. Credit expanded significantly, reaching Rs 215.2 lakh crore. This ...
You'll always have mummy-papa bankAfter spending 46 years as a sadhu, an Indian man returned to his hometown, humbly requesting alms from his aging mother. This poignant mom...