Engineering major Larsen & Toubro will pick up nearly a 10 per cent stake in the Kumbakonam-based City Union Bank for Rs 45 crore.
The asymmetry in deposit and credit growth is the biggest challenge before the Indian banking industry. For every 100 deposit that a bank mobilises, it needs to keep 3 with the banking regulator in the form of cash reserve ratio on which it doesn't earn any interest. Another 18 is used for buying government bonds (statutory liquidity ratio). This means, a bank is left with 79 for giving credit. Add to this, its capital which can be used for giving loans. Most banks are facing a fund crunch. They need to find ways to attract deposits if they want to sustain credit growth, explains Tamal Bandyopadhyay.
India and China are in what experts call 'a cooperation-versus-competition situation'.
A 23-year-old youth was arrested on Monday for allegedly posting and circulating an edited social media reel featuring a 40-foot cutout of 18th-century Mysuru ruler Tipu Sultan with a pro-Pakistan song, the police said.
Police in Gonda, Uttar Pradesh, have registered a case against 69 former and serving officers and employees of an Indian Bank branch for allegedly embezzling nearly Rs 5 crore from a union account. The case was filed following a court order after the accused failed to return the embezzled funds despite an earlier undertaking.
Union Home Minister Amit Shah has accused the TMC government of turning Kolkata into a 'city of slums' and using infiltrators as a vote bank, sparking a strong reaction from the TMC, which accused him of insulting the people of Bengal.
What is the reason behind this drying up of talent for the top post in private banks?
A nationwide strike called by central trade unions saw a mixed response across India, impacting various sectors and states differently, with some areas experiencing disruptions while others remained largely unaffected.
Maharashtra BJP MLC Pravin Darekar announced the launch of 'Devabhau' and 'Chhava' cooperative taxi services in Mumbai, aiming to counter private aggregators and benefit drivers directly, but the scheme has drawn sharp criticism from social activist Anjali Damania and the Opposition Congress over the proposed use of Mumbai Bank funds and its political branding.
The Supreme Court has sought responses from the Centre, the CBI and others on a plea filed by a 78-year-old retired banker who was duped of Rs 23 crore after allegedly being put under "digital arrest" for nearly a month.
The NEET-UG re-exam was held at centres across the country and overseas on Sunday amid tight security arrangements for the smooth conduct of the examination.
'Can you believe there are over 26,500 deaths linked to heatwave-driven ozone in 2024?'
After reviewing the preparations at the headquarters of the National Testing Agency (NTA), Pradhan said meetings have been held under the Cabinet secretary, and all the states have been asked to cooperate.
Dark patterns are no longer just a consumer protection concern, but a broader macroeconomic challenge affecting the long-term sustainability of India's digital commerce ecosystem.
The banking sector could see better loan growth in the third quarter of financial year 2026 (Q3FY26) with improved net interest margins (NIMs), though the full impact of latest rate cuts will be largely felt in the fourth quarter. There may be lower slippage in unsecured loans and microfinance institutions (MFIs) along with steady recovery trends, which should lower credit cost.
A special court in Nagpur sentenced two men to five years of rigorous imprisonment for allegedly making threat calls to Union minister Nitin Gadkari in 2023 from a jail in Karnataka.
The CBI claims to have cracked the NEET paper leak case with the arrest of a Pune-based professor, identified as the source of the leak. The professor allegedly exploited his position to leak the paper to students in exchange for money.
Jammu and Kashmir Chief Minister Omar Abdullah has urged the central government to approve West Bengal's request to rename the state, following the approval of a similar proposal for Kerala.
'I cannot imagine that any NSA before Ajit Doval would have given us this kind of time and this kind of engagement. They would have offered slogans, or nothing at all. That, too, tells you something.'
Union Minister Giriraj Singh has accused West Bengal Chief Minister Mamata Banerjee of appeasing Muslims and protecting infiltrators, while the BJP promises to bring 'Ram Rajya' to the state if elected.
Budget 2026 sticks to fiscal discipline, shuns populist measures despite five key state elections coming up, but ends up rattling stock markets with a higher transaction tax on derivatives trading.
Union Minister Giriraj Singh has accused West Bengal Chief Minister Mamata Banerjee of protecting infiltrators from the Muslim community for political gain. He also alleged corruption and economic decline under the TMC government.
Nearly two-thirds of external commercial borrowings (ECBs) raised so far in the ongoing financial year (2025-26/FY26) have been routed through Gujarat International Finance Tec-City (GIFT City), a sharp jump from the 36 per cent recorded in 2024-25.
The next generation GST reforms would 'absolutely' set an economy open and transparent with further reduction in compliance burden and benefiting small businesses, Union Finance Minister Nirmala Sitharaman said on Tuesday.
'The West Asia or the Gulf crisis has shown that what we develop as national infrastructure when things are not as bad as they could be, we forget to plan for adversities.'
'If the Opposition associates itself too much with the minorities, then it becomes easy for the BJP to get Hindu consolidation votes.'
Railway Minister Ashwini Vaishnaw asserted that the BJP will form the government in West Bengal after the upcoming assembly elections, ending the Trinamool Congress's 15-year rule. He criticised the TMC for vote-bank politics, hindering development, and failing to protect women, while promising unprecedented development under a BJP government.
Two of the three strikes are related to the gig economy, a centrepiece of the new labour Codes.
A boat capsized in the Yamuna River in Vrindavan, India, carrying tourists primarily from Punjab, resulting in multiple fatalities, injuries, and missing persons. The incident occurred during a devotional trip to Mathura, turning a pilgrimage into a tragedy for families from Ludhiana and Jagraon.
More than half a dozen private-sector banks are awaiting regulatory approval for the appointment of a second whole-time director on their boards.
The Supreme Court of India has upheld an order directing NBCC to complete 16 delayed housing projects of Supertech Limited, providing relief to thousands of homebuyers who have been waiting for nearly two decades.
The Supreme Court of India has upheld an order directing NBCC to complete 16 delayed housing projects of Supertech Limited, providing relief to thousands of homebuyers who have been waiting for nearly two decades.
Mirroring the traditional hawala system, where money is sent through non-banking channels, this digital version uses the anonymity of unregulated cryptocurrency to erase the financial trail and inject cash into the domestic economy.
Eid al-Fitr was celebrated across India with prayers for peace and brotherhood, alongside protests condemning US-Israel actions in West Asia.
'Despite the large number of missiles and drones we have already launched, we still possess reserves and missile cities whose doors have not yet been opened,' says Iran's Consul-General Saeid Reza Mosayeb Motlagh.
Shaheed Diwas 2026: India observes Martyrs' Day on March 23, marking 95 years since Bhagat Singh, Rajguru and Sukhdev were hanged by the British in 1931. PM Modi leads tributes. History, significance, quotes and how the nation is remembering the martyrs today.
On the 95th anniversary of Bhagat Singh's martyrdom, Utkarsh Mishra revisits the ideas and philosophy of the revolutionary giant.
Net NPAs increased to Rs 36,260 crore in the December quarter from Rs 34,843 crore in September and Rs 33,116 crore in December 2023, observes Tamal Bandyopadhyay.
Public sector banks (PSBs) have seen a sharp drop in household deposits from 70.6 per cent to 63 per cent in contrast with private banks, which witnessed a surge from 27.1 per cent to 34.1 per cent.
'This Budget has a one-year agenda, which you can call the sprint, and the marathon is towards Viksit Bharat.'
