India's leading private-sector banks, including HDFC Bank, Axis Bank, and Kotak Mahindra Bank, reported robust deposit growth in the July-September quarter (Q2FY27), significantly aided by the Reserve Bank of India's concessional FCNR(B) swap window.
A two-day weekend would help employees recover physically and mentally. They would return better prepared for branch work that demands patience, judgment, and accuracy, asserts Tamal Bandyopadhyay.
Anup Saha, currently a Wholetime Director at Kotak Mahindra Bank, has been appointed as the new Managing Director and Chief Executive Officer for a three-year term, effective January 1, 2027, with the Reserve Bank of India's approval.
Public and private sector banks in India experienced significant deposit growth in the July-September quarter of FY27, largely propelled by foreign currency non-resident (bank), or FCNR(B), deposits mobilised under the Reserve Bank of India's concessional swap window, which closed on August 31.
'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.'
Eighteen-year-old Moroccan midfielder Ayyoub Bouaddi delivered a commanding performance on his first start for Manchester City, helping them secure a 2-0 Champions League victory against Porto.
Rajasthan police have made a second arrest in Kochi in connection with a "digital arrest" fraud where a 90-year-old retired judge was defrauded of Rs 2.5 crore. The victim was allegedly kept under digital arrest for 15 days and coerced into transferring money by fraudsters posing as CBI officials and an RBI manager.
A 57-year-old woman in Kozhikode allegedly lost Rs 1.35 crore to cyber fraudsters who posed as Mumbai Crime Branch officers. They threatened her with criminal cases and coerced her into transferring money for "verification" to the Reserve Bank of India, promising a return with interest. Police have registered a case and are investigating the incident.
BRICS finance ministers and central bank governors have called for increased representation of emerging-market and developing economies in the IMF and World Bank, while also criticising unilateral tariffs and trade measures, as the expanded bloc aims to bolster financial cooperation amidst global fragmentation.
Faridabad police have arrested six individuals in connection with a cyber-fraud case where Rs 50 lakh was swindled using a company CMD's photograph on WhatsApp. The police managed to freeze Rs 29 lakh of the defrauded amount. The accused, from Mumbai and Gujarat, were produced in court and sent to judicial custody.
Twenty individuals were arrested in Lonavala, Maharashtra, for operating an illegal call centre that defrauded foreign nationals. The accused impersonated representatives of companies like Amazon and Google, threatening victims with fake drug cases to extract banking details and money.
PFRDA Chairperson S Ramann announced an ambitious target to add 2-3 crore new subscribers to the National Pension System (NPS) within the next two years. This growth will be significantly driven by the new 'NPS Tatkal' scheme, which enables direct enrolment and contributions via UPI applications, making the pension system more accessible, especially in tier 2 and tier 3 cities and for the informal sector.
'You want the main man, and you cannot even bring him to Mumbai, where he has allegedly carried out a high-profile shootout.'
Festival shoppers are increasingly turning to EMIs and other affordability options for high-value purchases, especially beyond metro cities.
A businessman in Ratlam was allegedly defrauded of Rs 55 lakh by cyber criminals posing as police officers. The fraudsters claimed his mobile number was linked to Pakistan's ISI and threatened legal action, coercing him to transfer funds. Three accused have been apprehended, and Rs 20 lakh of the defrauded amount has been blocked.
A sophisticated cross-bank syndicate is systematically defrauding non-resident Indians (NRIs) and elderly citizens by exploiting their fixed deposits through forged documents and fictitious loans, often involving colluding bank employees and real estate deals.
Sunday's shooting incident targeting Tiger Shroff have rekindled memories of the film industry's dark past, when crime syndicates like Dawood Ibrahim's D-Company and Abu Salem's gang exerted significant influence through extortion, violence, and money laundering.
The Reserve Bank of India has raised the repo rate by 0.25%. Three financial planners explain how soon banks will pass the increased loan interest on, what borrowers should check and what they need to avoid.
The Delhi High Court has upheld a police notice requiring All India Students' Association president Neha Bora to execute a peace bond, stating there was sufficient material for the Special Executive Magistrate to take such action against her.
Police in Thane are investigating the source of a costly firearm used in the murder of Shiv Sena (UBT) functionary Pradeep Purnekar. Two key accused, Nikhil Yadav and Nitesh Pawar, have had their police custody extended until October 13 as authorities seek to identify the mastermind and procurement chain behind the September 29 killing.
The Reserve Bank of India's 25-basis point increase in the repo rate to 5.5 per cent is expected to exert pressure on housing affordability and buyer sentiment, particularly affecting interest rate-sensitive segments and potentially moderating sales during the crucial festival season.
The Enforcement Directorate has arrested Pravin Shinde and Brijesh Moradiya in a money laundering investigation connected to international drug trafficker Salim Ismail Dola's syndicate. The probe revealed a highly organised network involved in manufacturing and trafficking mephedrone, using hawala channels to layer proceeds of crime and acquire assets.
IBM India and South Asia MD Sandip Patel stated that India is at a defining moment with a unique opportunity to shape exponential technologies like artificial intelligence, emphasizing that "when India builds, it builds for billions," leading to scalable impact. Speaking at the IBM Think 2026 event, Patel highlighted that the AI revolution is still in its early stages, requiring enterprises to redesign their operations around agents, real-time data, automation, hybrid architecture, and trust. He also introduced the concept of "digital swaraj" or sovereignty in the Indian context, stressing the importance of control over operating environments, data, technology, and AI execution. IBM also announced an MoU with MeitY Startup Hub to accelerate India's deep tech innovation and startup ecosystem, providing startups access to IBM's technology expertise and platforms like watsonx and Sovereign Core.
For the first time, co-working spaces have surpassed the IT/ITeS sector as the largest occupier of office space in India during the January-September period, indicating a significant shift towards flexible workspaces, according to Anarock Research & Advisory.
A gym operator in Surendranagar, Gujarat, has been arrested for allegedly blackmailing and extorting young women by falsely claiming to have their private photos from hidden cameras. Police conducted a decoy operation with female officers joining the gym to gather evidence before his arrest.
Delhi Police have taken stringent measures to prevent the Cockroach Janta Party's 'Lehra Do Tiranga' march in Connaught Place, deploying thousands of personnel and citing prohibitory orders under Section 163 of the BNSS due to risks of traffic disruption, stampede, and threats to public safety.
Bandhan Bank has launched a new digital Provident Fund (PF) payment service, integrated with EPFO, allowing business customers to make statutory PF payments via the bank's internet banking platform. This service aims to streamline payments, optimise cash flows, and ensure timely compliance for businesses.
Large office leases in Mumbai and Delhi-NCR are commanding premium rentals in key micro-locations, driven by a scarcity of quality Grade-A space and sustained occupier demand, according to real estate consultants.
The CBI has filed its 21st chargesheet in an alleged homebuyer fraud case related to the 'Acme Boulevard' housing project in Mumbai. Five former promoters/directors of Acme Realties Private Limited and Acme Housing India Private Limited are accused of inducing homebuyers through false assurances and fraudulent representations. The agency is also investigating 32 other similar cases involving various builder companies and financial institutions.
India is actively integrating payment system harmonisation into its Free Trade Agreement (FTA) negotiations, especially with countries hosting a large Indian diaspora. This strategy aims to leverage India's growing fintech ecosystem, facilitate cross-border financial services, and position India as a global hub for financial services exports, particularly through platforms like GIFT City.
Adani Airport Holdings (AAHL) has announced it will raise 9,825 crore through a primary equity infusion from a consortium of global investors, including Alpha Wave Global, Premji Invest, Temasek, and funds managed by BlackRock, who will collectively acquire a 5.54 per cent stake.
Shimla Police have seized assets worth Rs 4.13 crore from 19 drug traffickers and their associates, believed to be acquired through illegal drug trade. The action followed an arrest in August 2026, leading to a detailed financial investigation under the NDPS Act. This seizure is part of a larger effort in 2026, where assets worth Rs 12.52 crore have been confiscated in 15 NDPS cases.
'Treating stock brokers as merchants for MDR is fundamentally misplaced.'
RBI Governor Sanjay Malhotra stated that the central bank consistently views fintechs as 'valuable partners' in shaping India's future financial system, crediting the sector with expanding financial inclusion, enhancing customer experience, and streamlining credit delivery, particularly for MSMEs.
India's white-collar job market experienced a 14 per cent year-on-year growth in August, with the auto, healthcare, and retail sectors leading the surge, according to a report by Naukri.com.
Experts laud the decision to impose a 0.4 per cent Merchant Discount Rate (MDR) on UPI transactions exceeding Rs 2,000, effective October 15. This move, along with a dedicated fund for small merchants, is seen as crucial for creating a sustainable digital payments ecosystem, incentivising expansion in rural areas, and funding innovation while keeping most transactions free for users.
Institutional portion subscribed 12.68 times; retail crosses quota.
The Asian Games' mixed martial arts competition features modified rules, including traditional uniforms and shin guards, to make the sport more palatable for potential Olympic inclusion. While intense, this version differs significantly from UFC fights. The sport faces challenges, including rival governing bodies vying for Olympic recognition, but FIMMA hopes the current format will appeal to IOC officials.
'If he settles on something, there are fifty considerations behind it -- the pros and cons, all of it.'
