'Ultimately, banks are a channel for people to get some long-term return, and this means banks need to adjust their asset-liability mismatch.' 'Customers also need long-term deposits, say those of three-five years. How would they get them if returns on those deposits do not climb?' 'Otherwise, on fixed deposits, a senior citizen doesn't get anything.'
The Greater Bengaluru Authority (GBA) clarified that no notice was issued to Bharat Ratna awardee Prof C N R Rao regarding an electoral roll discrepancy. Instead, the Booth Level Officer recommended including his name despite a variation in how it was recorded over the years, ensuring his inclusion in the final electoral roll.
Shares of HDFC Bank rose nearly 3 per cent after its Managing Director and Chief Executive Sashidhar Jagdishan decided not to seek reappointment after his current term concludes on October 26.
Shares of temperature sensing and heating solutions provider Tempsens Instruments (India) Ltd listed with a massive premium of over 111 per cent against its issue price of Rs 300, reaching a market valuation of Rs 4,934.81 crore.
The National Payments Corporation of India (NPCI) stated that the Merchant Discount Rate (MDR) "is distributed only amongst the UPI ecosystem, to further invest into infrastructure resilience, innovation, cybersecurity (protecting the UPI infrastructure with banks and non-banks) and customer service."
Tamil Nadu's state-run liquor corporation, TASMAC, is implementing a new automated indent request process for all retail shops starting September 1. This digital system aims to streamline stock distribution, reduce paperwork, and ensure consumers receive their preferred brands based on local demand.
State Bank of India Chairman C S Setty stated that banks will take three to four months to deploy the significant funds mobilised through foreign currency non-resident (bank), or FCNR(B), deposits, which is unlikely to cause "abnormal lending". He also highlighted the need for agentic artificial intelligence (AI) costs to fall sharply for its widespread deployment in India, envisioning its role in transforming banking from fraud detection to personalised financial assistance.
Finance Minister Nirmala Sitharaman has called for enhanced accountability and safeguards for artificial intelligence, particularly as it integrates into critical sectors like finance. Speaking at the Global Fintech Fest, she highlighted the dual nature of AI, capable of accelerating transactions but also amplifying fraud and cyberattacks. Sitharaman stressed the need for human and institutional responsibility in AI-driven decisions, urging regulators and companies to scrutinise high-risk AI applications. She also proposed a federated industry platform for Indian tech companies to navigate international regulations and ensure tax compliance globally.
A frozen phone screen, a fake customer-care call, a screen-sharing request or even a duplicate SIM can give cybercriminals a route into your bank account.
The search for N Chandrasekaran's successor as Tata Sons Chairman has reportedly narrowed to Tata Steel CEO T V Narendran, Tata Sons Executive Director Saurabh Agrawal, and NSE MD & CEO Ashish Chauhan, with Chauhan emerging as a potential 'dark horse' candidate.
Another accused in the alleged financial irregularities in Assam Fisheries Development Corporation Ltd has been apprehended in Odisha, marking the ninth arrest in the case.
Russian President Vladimir Putin has proposed a new investment platform, based on the New Development Bank (NDB), to fund projects in trade, infrastructure, logistics, and technology across BRICS nations, emphasising that the grouping's expanding economic cooperation is not 'against anyone' but aims to advance members' national interests.
Foreign portfolio investors (FPIs) have injected Rs 30,919 crore into Indian equities in August, marking their second consecutive month of net buying. This follows a Rs 20,200 crore investment in July, indicating a potential reversal after four months of significant outflows, driven by improving corporate earnings, resilient economic activity, and a stable rupee.
The Securities and Exchange Board of India (Sebi) is set to expand its artificial intelligence (AI)-based surveillance beyond trading data to include corporate filings, aiming to proactively flag financial misstatements and manipulation in quarterly results without relying solely on investor complaints.
Karnataka Chief Minister D K Shivakumar confirmed that Minister B Nagendra has offered to resign to avoid embarrassing the Congress party and the government, despite Shivakumar's insistence on Nagendra's innocence in the alleged Valmiki Scheduled Tribes Development Corporation scam. The Chief Minister stated he would consult the party high command before making a final decision.
Former Delhi chief secretary Rakesh Mehta, who served under ex-chief minister Sheila Dixit, has allegedly died by suicide at his Noida residence. Police recovered a suicide note citing 'mental and health issues' as reasons. Mehta, a 1975 batch IAS officer, was 74 and had been credited with significant infrastructure projects in Delhi during his tenure from 2007 to 2010.
India's power sector is undergoing a significant transformation, driven by a planned shift towards renewable energy and ambitious capacity expansion targets, with major players like NTPC, JSW Energy, Adani, and Tata Power prioritising predictable returns. However, execution challenges and valuation concerns remain critical factors for sustained growth.
Infosys Chairman Nandan Nilekani stressed the need for India to develop population-scale tokenisation infrastructure capable of handling billions of transactions, rather than merely focusing on issuing tokens. He highlighted the importance of interoperability, liquidity, and high volumes for tokenisation to expand across various asset classes and use cases.
'Listing leads to greater transparency and shareholder oversight.'
Central Delhi has undergone a significant beautification drive, including extensive lighting, floral displays, and BRICS-themed signages, in preparation for the upcoming BRICS Leaders' Summit. The New Delhi Municipal Council (NDMC) and other civic bodies have focused on sprucing up key routes, hotels, and the summit venue, Bharat Mandapam, to welcome delegates and visitors.
The National Stock Exchange of India Ltd (NSE) has received regulatory approval from SEBI for its long-awaited Rs 30,000-crore initial public offering (IPO), positioning it to potentially become the country's largest-ever public issue.
Farmers under the Samyukta Kisan Morcha have initiated a week-long protest at the Chandigarh-Mohali border, demanding a minimum support price (MSP) based on the C2 plus 50 per cent formula, debt waivers, and opposing the proposed India-US trade deal, Electricity Amendment Bill, and Seed Bill. They also raised concerns about water depletion and sought resolutions based on riparian principles.
Justice Ashwani Kumar Mishra was sworn in as the Chief Justice of the Punjab and Haryana High Court, despite strong objections from the Punjab government. The Mann government claimed the appointment bypassed constitutional norms and procedures, leading to a political tussle with the Centre, which defended the process.
The Gujarat high court on Monday dismissed as withdrawn a plea of former India cricketer and Lok Sabha MP Yusuf Pathan's appeal against a single judge order passed in August last year, calling him an "encroacher" on a piece of government land in Vadodara.
The Gujarat high court on Monday dismissed as withdrawn a plea of former India cricketer and Lok Sabha MP Yusuf Pathan's appeal against a single judge order passed in August last year, calling him an "encroacher" on a piece of government land in Vadodara.
Some see in the CJP the potential of weakening the Opposition. Hence the BJP/RSS's 'softly softly catchee monkey' approach, with co-option being the ultimate aim, points out Aditi Phadnis.
Security personnel reportedly justified the action due to child theft concerns and identity verification.
Digital money is gradually starting to behave like software. It's no longer inert -- sitting passively in accounts. In the not-so-distant future, your money could become 'smart' and 'active,' understanding your preferences, paying your bills automatically, optimising your returns, and managing your risks -- all without you having to manage the details.
Vidyanand Bapat, a Pune-based activist advocating for a ban on high-decibel DJ systems and loudspeakers during festivals, was publicly assaulted by a man named Santosh Chavan while speaking to media persons.
A Delhi court has rejected the anticipatory bail plea of Shubham Tyagi, an accused in the Satya Niketan building collapse that killed seven people. Tyagi was allegedly co-running a paying guest facility in the collapsed building and failed to disclose a crucial rent agreement, which weighed heavily against his plea. The court noted a "joint venture" with co-accused Sudhanshu and the need for further investigation into their roles and the money trail.
John Abraham, owner of Northeast United, believes the upcoming Indian Super League (ISL) season will mark a significant turning point for Indian football. With a new club-led domestic structure and a return to the traditional home-and-away format, Abraham envisions a "paradigm shift" where football could rival cricket's popularity. He also highlighted NEUFC's regional impact and their ambition to win the ISL title.
The combined market valuation of four of India's top-10 most valued firms eroded by Rs 87,960.29 crore last week, with Bharti Airtel experiencing the largest decline, amidst a bearish trend in the equities market.
India's current account deficit could widen to 1.7 per cent of GDP, or about $71 billion, if crude oil prices stay above $90 a barrel for a significant part of the second half of FY27.
The Securities and Exchange Board of India (Sebi) is reportedly 'close' to approving the National Stock Exchange's (NSE) initial public offering (IPO) draft documents, with an expected market debut by early next month. Sebi Chairman Tuhin Kanta Pandey also emphasised the regulator's focus on enhancing market resilience against evolving risks, including technology failures and the impact of artificial intelligence.
The National Skill Development Corporation (NSDC), in collaboration with Amazon Web Services (AWS) and Cultus Education, has launched a nationwide initiative to provide cloud and AI skilling to 1.5 lakh learners. This programme aims to equip youth, especially from Tier 2 and Tier 3 cities, with essential technology skills and job-ready training, contributing to India's goal of becoming a global innovation hub.
'Once you're wrestling with making a merger of that scale value-accretive, you're also under pressure to keep growing the balance sheet and chasing liabilities, and other things start to slip as a consequence.'
A building collapse in Satya Niketan, near Delhi University, has prompted student and teacher organisations to demand a comprehensive safety audit of paying guest accommodations across the city. The incident has highlighted concerns over structural compliance, fire safety, illegal constructions, and inadequate living conditions for students.
Maratha quota activist Manoj Jarange has accused the Maharashtra government of conspiring to kill him and suppress his agitation, following Mumbai police's denial of permission for his indefinite hunger strike from September 19. Jarange stated he would proceed with the march to Mumbai despite the ban.
For the second time in two years, Karnataka minister B Nagendra resigned from the state Cabinet on Friday amid the Opposition heat over his alleged involvement in the Rs 89 crore Valmiki Corporation scam.
Sources clarify that the NCLT's approval of a repayment plan for Essel Group founder Subhash Chandra does not signify a 99.97 per cent write-off of Rs 22,000 crore in bank loans, as the figure represents claims against him as a personal guarantor, not debt personally borrowed.
