State Bank of India (SBI) - the country's largest lender - has unveiled two new schemes to boost deposit mobilisation at a time when most banks are facing challenges in raising resources. The first is 'Har Ghar Lakhpati,' a pre-calculated recurring deposit (RD) scheme designed to help customers accumulate Rs 100,000 or multiples thereof and develop a savings habit.
Uncertainties over the impact of the United States' (US') tariffs on India, along with the ongoing transmission of past rate cuts, prompted the members of the Reserve Bank of India's Monetary Policy Committee (MPC) to maintain the status quo during the August meeting, the minutes showed. While some of the external members highlighted their concern over growth, the internal members cited the one-year headline inflation rate overshooting the 4 per cent target.
The Uttarakhand High Court has ruled that a driver cannot be presumed to be under the influence of alcohol solely based on the smell of liquor without scientific evidence.
The Competition Commission of India (CCI) on Monday told the National Company Law Appellate Tribunal (NCLAT) that no internet intermediary could come close to WhatsApp in terms of revenues as well as assets.
'He is the same man who has won honours for the country across the world.'
Most think tax-saving deductions exist only in the old regime. But the New one quietly retains 40+ ways to ease your tax load
The numbers tell us the BJP's acceptability in Maharashtra is growing -- at the expense of the Shiv Sena, no matter what the faction, points out Aditi Phadnis.
The father of a deceased Jadavpur University student is filing a police complaint, alleging foul play in her death after she was found unconscious in a pond on campus.
The high-value Rs 2000 notes worth Rs 5,956 crore are still in circulation, more than two years after the Reserve Bank's withdrawal of the currency notes, according to official data released on Monday. The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2000 denomination banknotes from circulation on May 19, 2023.
'The hearing is not adversarial but inquisitorial in nature -- it allows Sebi to examine the context, the strategy, and the intent behind the trades, particularly when algorithmic and expiry-day trading are involved.'
Self-styled godman Chaitanyananda Saraswati, accused of sexually harassing students, allegedly created an 'inescapable web' of intimidation at a private management institute, ensuring his control over its operations.
The Delhi High Court has ordered Jammu and Kashmir MP Abdul Rashid Sheikh, alias Engineer Rashid, to deposit Rs 4 lakh with the prison authorities as travel expenses for attending Parliament. The court allowed Rashid to attend the ongoing Parliament session "in-custody" till April 4, but the NIA had raised concerns about him being a flight risk. Rashid has been lodged in Delhi's Tihar Jail since 2019 after the NIA arrested him in a 2017 terror-funding case.
Use these loans to meet emergency needs, and not to fund holidays or luxury purchases.
'In a courtroom, the judge can directly assess the witness's demeanour, which is crucial'
Some public sector banks, including State Bank of India (SBI), Union Bank of India, Canara Bank, and Bank of India, are increasing the spread on home loans for new customers to protect margins.
'Indian markets may underperform global peers for the next two quarters.' 'But beyond that, India should catch up and resume its long-term growth path.'
India has strongly criticized Pakistan at the UN Human Rights Council, accusing it of sponsoring terrorism and providing safe haven to terrorist networks. India's representative highlighted past terror attacks and questioned Pakistan's credibility.
Finance Minister Nirmala Sitharaman on Tuesday asked fintech firms to focus on risk management at a time when criminals are using AI to mimic voices, clone identities and create lifelike videos to manipulate people.
Shares of state-owned bank stocks were under pressure on Monday due to muted deposit and credit growth numbers reported by these lenders in the October-December quarter (Q3) of 2024-25 (FY25). The Nifty PSU Bank index was down 4 per cent, with Union Bank of India emerging as the biggest loser as its shares fell 7.5 per cent to close at Rs 114.7, followed by a 5.7 per cent drop in shares of Bank of Baroda (BoB) to Rs 228 and a 4.7 per cent slide in shares of Bank of India to Rs 99.8 on the National Stock Exchange.
IMAGES of the Asia Cup Final played between India and Pakistan in Dubai on Sunday
Terming the charge that Wangchuk incited the violence in Leh as 'misplaced', she claimed that he has been protesting in the "most Gandhian way possible" and the "situation escalated" on September 24 due to the actions of the CRPF.
Referring to Chief Minister Bhagwant Mann's recent letter to the PM demanding Rs 60,000 crore of the state's funds, Arora said it is Punjab's right and it should be released.
More than 750 houses and crops on over 33,000 hectares were damaged in Dharashiv district, where helicopters and boats had to be deployed to rescue stranded people, they said.
A couple in Uttar Pradesh allegedly committed suicide after poisoning their infant son due to severe financial distress and debt. A suicide note indicated the husband's distress over mounting debt and lack of income.
"All they have done in their entire report is privacy regulation," counsel appearing for WhatsApp told the appellate tribunal.
At a time when banks are finding it challenging to mobilise resources, State Bank of India (SBI)-the country's largest lender-has devised a three-pronged strategy to boost deposit accretion. First is an aspirational product that promises to make depositors lakhpatis by helping them grow their deposits to Rs 1 lakh through recurring deposit (RD) schemes.
A chargesheet filed by Andhra Pradesh police alleges former Chief Minister YS Jagan Mohan Reddy chaired a meeting related to a new liquor policy under which outlets would be run by a government entity. The chargesheet details alleged kickbacks and money laundering.
The National Disaster Response Force (NDRF) and the State Disaster Response Force (SDRF) had been struggling hard for the past 32 hours, hoping for life in Kunwar Singh's house, buried under the rubble. Cutter machines were used to cut through the sludge, creating a path for entry.
The BCCI has strengthened its coffers by Rs 14,627 crore over the past five years, including Rs 4,193 crore in the last financial year alone, taking its cash and bank balance to Rs 20,686 crore, according to a report.
The Supreme Court on Friday modified its August 11 direction prohibiting release of stray dogs from pounds in Delhi-NCR and said the picked up canines should be sterilised, vaccinated and released back in the same area.
'The investigation is at a very critical stage. We are not going to give every single document.'
'By leveraging user data from WhatsApp, Meta can enhance its technology.' 'It (user data) is collected by me, it's my personal property. Shall I give it to my competitors?'
The Supreme Court stated that in a continuing marriage, neither husband nor wife can claim independence from their partner, emphasizing that marriage signifies the union of two souls.
The Karur tragedy has exposed the huge gaps in Vijay's understanding of realpolitik, elections and political administration, asserts N Sathiya Moorthy.
Head Digital Works, operator of 'A23 Rummy', has filed a petition in the Karnataka High Court against the recently passed Central Act banning money-based online games, marking the first legal challenge to the legislation. The court will hear the petition on August 30.
Infrastructure bonds, which were relied upon the most in 2024-25 (FY25) by commercial banks to raise funds through the domestic debt capital market amid lagging deposit growth, seem to have lost their sheen in FY26. So far in FY26, no bank has tapped the domestic debt capital market to raise funds via infra bonds, and the expectation is that the amount raised through this route will be significantly lower than that last year, unless credit demand picks up.
Flash floods ravaged Dharali, around 264 km from Chamoli, burying half of the mountain village in a fast-flowing mudslide of slush, rubble, and water.
'As a defence lawyer I won't know if a policeman under cross questioning is being prompted to answer by someone behind his computer screen.'
'Financially we are sound and we have always broken even. 'It is just we don't have the personnel and that is why we have to close down.'
The Enforcement Directorate (ED) has accused Karnataka Congress MLA K C Veerendra of collecting over Rs 2,000 crore through online betting sites. The agency alleges that Veerendra and his associates used various gateways and fintech service providers to mask their illicit activities.
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