The Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank, citing that the bank's affairs were conducted in a manner detrimental to the interests of the bank and its depositors, and its management was prejudicial to public interest.
Shubman Gill has affirmed that Virat Kohli and Rohit Sharma are indispensable to India's ODI team, highlighting their vast experience and skill.
Non-banking financial companies (NBFCs) in India saw their overall credit growth accelerate to 14.2 per cent year-on-year in May, primarily driven by significant increases in loans against gold jewellery and commercial real estate, according to recent Reserve Bank of India (RBI) data.
HDFC Life Insurance and ICICI Prudential Life Insurance have reported double-digit growth in profitability for the first quarter of FY27, buoyed by healthy premium collections and increased investment income, with HDFC Life's net profit rising 11.9% and ICICI Pru's by 27.8%.
India's retail inflation rose to 4.38 per cent in June, driven primarily by costlier food items, pushing it above the Reserve Bank of India's median target of 4 per cent for the first time under the new series.
Adarsh Baal Vidyalaya is as breezy and it is earnest, discovers Deepa Gahlot.
The Asian Development Bank (ADB) has revised down India's GDP growth forecast for fiscal year 2026-27 (FY27) to 6.6 per cent from an earlier 6.9 per cent, primarily attributing the change to elevated energy prices stemming from the Middle East conflict. Despite this moderation, India is still expected to remain the world's fastest-growing major economy.
Customers must report the fraud both to their bank and to the National Cyber Crime Reporting Portal or Helpline 1930 within five calendar days of the occurrence of the fraudulent transaction.
Amidst an ongoing SIT probe into alleged embezzlement of Ram temple donations, Shri Ram Janmabhoomi Teerth Kshetra Trust treasurer Govind Dev Giri held a series of meetings in Ayodhya. These discussions followed the acceptance of resignations from former general secretary Champat Rai and trustee Anil Mishra, and the Trust's decision to overhaul its administrative structure, including appointing a professional CEO. Rai, who has adopted a vow of silence, questioned the State Bank of India's role in the donation counting process, while Giri defended Rai but acknowledged his trust in the wrong people. The SIT probe is expanding to examine the Trust's financial transactions and administrative processes.
Financial Services Secretary M Nagaraju has urged banks to adopt the MuleHunter AI tool developed by RBI to identify and prevent mule accounts used in cyber financial frauds. The meeting also discussed 'Operation Octopus' by Hyderabad Police and emphasised coordinated efforts and intelligence sharing.
Free, customizable "fan bands" have become the unexpected must-have souvenir at the 2026 World Cup, with over 700,000 distributed. Sponsored by Bank of America, these charm wristlets feature subtle branding and have gone viral, even appearing on resale platforms. This marketing strategy offers a counterpoint to the tournament's high ticket and merchandise prices, proving that unique, free items can create significant fan engagement and brand visibility.
The Ayodhya Police are intensifying their investigation into the alleged embezzlement of donations at the Shri Ram Janmabhoomi Temple, preparing to seek custodial remand for three more accused. A Special Investigation Team's preliminary report found prima facie evidence of theft and pilferage during donation counting, with CCTV footage showing personnel concealing cash.
The Ayodhya Police are intensifying their investigation into the alleged embezzlement of donations at the Shri Ram Janmabhoomi Temple, preparing to seek custodial remand for three more accused. A Special Investigation Team's preliminary report found prima facie evidence of theft and pilferage during donation counting, with CCTV footage showing personnel concealing cash.
The Indian corporate bond market witnessed a significant surge, with companies raising nearly Rs 16,000 crore in a single day, primarily led by state-owned financial institutions and NBFCs. This strong momentum, driven by improved borrowing conditions and investor confidence, is expected to persist.
'After that the burdens of an ageing population will be upon us, and the share of working age population will shrink.'
The Haryana government has dismissed an official from the Development and Panchayat Department in connection with a Rs 590 crore fraud case involving IDFC First Bank. The decision follows a detailed investigation that revealed a criminal conspiracy and substantial evidence against the official.
Finance Minister Nirmala Sitharaman met with bank heads to discuss risks related to Artificial Intelligence (AI) following global concerns over Anthropic's Mythos model threatening data security of financial systems.
Non-banking financial companies (NBFCs) reported encouraging results for Q4FY26 with improved asset quality and earnings, but analysts maintain a cautious near-term outlook due to geopolitical tensions, monsoon risks, and specific portfolio concerns.
Haryana Chief Minister Nayab Singh Saini will present cash awards totalling Rs 20.59 crore to 198 medal-winning athletes and international participants at a state-level function in Panchkula. The awards aim to recognise athletes who have excelled in international and national competitions, with funds directly transferred to beneficiaries' bank accounts.
Focused on success at the Commonwealth and Asian Games, Animesh Kujur is unconcerned by the fastest-man debate, believing his performances on the biggest stages will speak for themselves.
A private security agency has denied involvement in the alleged embezzlement of donations at the Ram temple in Ayodhya. The agency stated it only recruited personnel for housekeeping at an SBI branch at the bank's request, disclaiming responsibility for their duties or the alleged theft, which is currently under SIT investigation.
SBI Funds Management Ltd. is set to list on stock exchanges next week following its Rs 11,692 crore Initial Public Offering (IPO), which involves an Offer for Sale (OFS) of a 10 per cent stake by SBI and Amundi.
The Madhya Pradesh cabinet has approved the draft Uniform Civil Code (UCC) bill, which will be introduced in the state assembly's monsoon session. The proposed legislation, excluding the tribal community, addresses marriage, live-in relationships, adoption, and inheritance, aiming for women's empowerment and social harmony. Chief Minister Mohan Yadav highlighted broad support and criticised the Congress for its stance.
Indian benchmark indices, Sensex and Nifty, saw early gains, primarily driven by IT stocks, amidst expectations of a less aggressive monetary policy from the US Federal Reserve following softer inflation data. Global market trends and upcoming Q1 results are also influencing investor sentiment. Track Sensex, Nifty on july 16.
Luka Modric is expected to lead Croatia at what could be his final World Cup as Zlatko Dalic's side aim to continue their remarkable record of success on football's biggest stage despite fitness concerns over their captain.
The most financially successful borrowers will not necessarily be those who have the easiest access to credit. They will be the ones who understand how to manage it wisely
The Reserve Bank of India's Financial Stability Report indicates that the interim peace deal between the US and Iran has favourably shifted the balance of risks, reducing headwinds from the West Asia conflict. However, it cautions that exchange rate volatility could increase if crude oil prices spike due to delayed normalisation of supply chain disruptions.
India's markets regulator, Sebi, has issued a warning to listed companies and regulated entities about an emerging cyber fraud known as the "Boss Scam." This scam involves fraudsters impersonating senior officials like CEOs or MDs to trick finance teams into transferring funds, often using advanced AI tools or malicious software. Sebi advises organisations to verify requests independently and report incidents to prevent financial losses.
An IndiGo flight was evacuated at Chandigarh airport after a passenger's power bank caught fire. All passengers and crew were safely evacuated, and no major injuries were reported.
Gold and silver are expected to remain volatile with a corrective bias as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices, and inflation data, which could reshape expectations for global interest rates, according to analysts.
Odisha Police have arrested a former banking correspondent for allegedly misappropriating around Rs 27 lakh of depositors' money in Jajpur district.
A preliminary report by a Special Investigation Team (SIT) has identified Avinash Shukla as the prime accused in the alleged theft of devotees' offerings at the Ram Temple in Ayodhya, linking him to a suspected 40-day racket involving nearly 70 instances of pilferage from the donation-counting system.
Finance Minister Nirmala Sitharaman met with bank heads to discuss the risks associated with Artificial Intelligence (AI) following global concerns about Anthropic's Mythos model and its potential threat to financial systems' data security.
A significant fraud involving the theft of gold ornaments and their replacement with fake jewellery has been discovered at a Canara Bank branch in Jalna district, Maharashtra. The alleged fraud amounts to Rs 7.31 crore.
A tribal man in Odisha's Keonjhar district brought the skeleton of his dead sister to a bank to withdraw money deposited in her name after bank officials insisted on the account holder's presence.
The focus is now on accelerating PSP development through faster approvals, better-quality detailed project reports (DPRs), simplified clearances, and early excavation permissions. Speaking at a recent event, Prasad said hydropower and PSPs would be central to supporting India's renewable energy expansion by providing the reliable and flexible capacity needed to balance rising solar and wind generation. "A huge amount of variability is getting introduced into the grid.
The National Stock Exchange (NSE) is reportedly planning to launch its much-anticipated initial public offering (IPO), estimated at around Rs 30,000 crore, in September, potentially valuing the exchange at over Rs 5 lakh crore.
Understanding a product and assessing its suitability improve the chances of staying invested. Use life insurance mainly to cover risk, not to seek returns.
Five masked gunmen stormed a nationalised bank in Madhya Pradesh's Singrauli district, making off with Rs 14 lakh after threatening staff and customers at gunpoint.
'Fencing work for 4.35 km of the border could not be carried out due to objections by the Border Guard Bangladesh.'
