India's public sector banks (PSBs) have seen their net profit nearly treble over the past five years, reaching a record Rs 1.98 trillion in FY26, driven by significant improvements in asset quality and sustained lending growth across key economic sectors.
The Delhi government has notified detailed guidelines for the Delhi Lakshmi Yojana, outlining strict provisions for beneficiaries found ineligible, including discontinuation of financial assistance, recovery of disbursed funds, and potential fraud charges. The scheme provides Rs 2,500 monthly to eligible women, with specific rules for fund disbursement via RD/FD accounts and CBDC wallets, along with clear eligibility and exclusion criteria.
The Calcutta High Court has extended interim protection for TMC MP Abhishek Banerjee until November 30, directing police not to take coercive steps in three criminal cases, stating that custodial interrogation is not necessary.
A savings or current account with no customer-induced transaction for more than 24 months is classified as inoperative.
A new report by FICCI, BCG, and IBA outlines that India's banking sector must grow significantly faster than nominal GDP to support a USD 30 trillion economy by 2047, requiring banking assets of USD 45 trillion. The report highlights the sector's current strength, challenges in digitisation, and the need to enhance resilience against fraud and cyber threats, proposing a 13-point agenda for stakeholders.
The Reserve Bank of India (RBI) has introduced stricter timelines for banks to process inward cross-border remittances, aiming to reduce delays in crediting funds to beneficiaries by mandating immediate customer intimation and more frequent nostro account reconciliation.
Indian golf veteran Jeev Milkha Singh secured a creditable tied 7th position at the 2026 Staysure PGA Seniors Championship in Aberdeen, finishing two-under for the week. South African Darren Fichardt won the tournament, while another Indian golfer, Jyoti Randhawa, missed the cut.
Vin Diesel has affirmed his unwavering devotion to Meadow Walker, the daughter of his late Fast and Furious co-star Paul Walker.
Akshay Kumar and Saif Ali Khan reunite in Priyadarshan's dark thriller Haiwaan where Kumar portrays a psychopathic villain and Khan a visually impaired hero.
Bajaj Finance reported a strong Q1 FY27 performance with 24 per cent year-on-year AUM growth and a 28 per cent rise in consolidated profit after tax, driven by significant increases in consumer financing, gold loans, and commercial vehicle loans, alongside a strategic focus on digital transformation and AI.
'If investors are trusting a new establishment in Tamil Nadu, it speaks a lot of the state's investment climate.'
Treesa Jolly called her World Championships bronze with Gayatri Gopichand a dream come true, made more special by ending India's 15-year medal wait on home soil.
The Motorola Edge 70 Max is a feature-packed smartphone that combines a Snapdragon 8 Gen 5 processor, a 144 Hz AMOLED display and a 7,100 mAh battery claiming to deliver up to 58 hours of battery life.
'Wages have not risen. Rural wages have stagnated. The growth was 0.7 per cent last year. For casual and irregular labour, the wage growth is negative.'
Legendary Indian hockey goalkeeper PR Sreejesh expressed strong frustration over India's poor performance at the FIH World Cup, criticising the team's 'underwhelming showing' and demanding accountability. He questioned the 'learning experience' narrative and highlighted issues in both men's and women's team management, urging a focus on winning rather than just playing good hockey.
IIT Madras has launched "Phiball," a new three-team basketball game designed to be faster, more accessible, and tactically demanding. Inspired by Omegaball, Phiball is played on a circular court, forcing players to adapt to new strategies and constant defense, making it an intense experience with low setup costs.
IIT Madras has launched "Phiball," a new three-team basketball game designed to be faster, more accessible, and tactically demanding. Inspired by Omegaball, Phiball is played on a circular court, forcing players to adapt to new strategies and constant defense, making it an intense experience with low setup costs.
'It's not about individuals operating the mule accounts being more or less skilled. Instead, 'lower-level' refers to the role the individual account plays in the broader mule network.'
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
India's UPI system continues its rapid growth, dominating retail payments. Recent amendments to the Payment and Settlement Systems Act allow for targeted Merchant Discount Rates (MDR) on high-value merchant transactions, aiming to create a self-sustaining revenue model for the ecosystem while keeping P2P and low-value payments free. This move could generate significant revenue and encourage ecosystem participation.
Dhruv Jurel on Sunday said he was not under any "pressure" despite failing to notch up a fifty in his last seven innings, and thanked head coach Gautam Gambhir and captain Shubman Gill for giving him confidence during the lean phase.
Former Australian all-rounder Shane Watson has described India as his 'second home,' stating he felt more welcomed and supported by Indian cricket fans than in Australia, attributing this strong connection to his IPL career and the country's appreciation for the sport.
'Every period of excessive optimism eventually gives way to a correction, while periods of extreme pessimism often create the best investment opportunities.'
India's top paddler Manush Shah believes the Butterfly Ultimate Table Tennis (UTT) campaign has significantly boosted team chemistry and momentum, providing a 'perfect platform' for the upcoming Asian Games.
Indian men's hockey team vice-captain Hardik Singh has taken responsibility for the team's 1-3 defeat against the Netherlands at the FIH World Cup. He attributed the loss to a "one per cent lapse" in an otherwise strong performance, highlighting how small errors proved costly in a high-stakes match. Defender Amit Rohidas also acknowledged unforced errors in the final quarter.
A man identified as Manish Gupta was arrested in Bihar's Khagaria district for allegedly impersonating an IAS officer and falsely claiming ties to National Security Advisor Ajit Doval. Police recovered a Tesla car, an SUV, imported liquor, and other luxury items from his residence, indicating extensive fraudulent operations. An investigation into his assets and alleged fraud is underway.
The National Company Law Tribunal (NCLT) has approved media baron Subhash Chandra's personal insolvency resolution plan, which proposes to pay Rs 6.5 crore against admitted creditor claims of approximately Rs 22,006.57 crore, despite allegations from dissenting lenders that five family-linked entities controlled 61.78 per cent of the voting share.
If the strike materialises, banking services, especially in public sector banks, would be impacted for four days in many parts of the country. September 11 is a Friday, and the subsequent two days are bank holidays.
'You have to get private investment to somewhere between 35% to 36% of GDP. It is hovering about 30%-31%.'
India's batting coach Sitanshu Kotak lauded Devdutt Padikkal for his maiden international century against Sri Lanka, highlighting his dedicated work on back foot play and shot selection. Kotak also provided an update on vice-captain KL Rahul, who retired hurt due to cramps but is expected to be fit for the next day's play. The coach further discussed the Galle pitch conditions, anticipating more turn as the Test progresses, and praised Rahul's versatility across formats.
Fitch Ratings has warned that India's oil marketing companies (OMCs) could face significant credit pressure if crude oil prices remain elevated, leading to eroded earnings and increased working capital needs due to delayed fuel price pass-through.
GSTAT has crossed 75,000 filings but disposed of only 83 cases, highlighting the huge backlog facing India's new GST appeals tribunal.
Prime Minister Narendra Modi has called upon India's youth to dream big, assuring them of government support and resources, including a Rs 1 lakh crore Innovation Fund, to bolster the country's burgeoning startup ecosystem and drive its journey towards becoming a developed nation.
The Indian women's hockey team secured a commendable fifth-place finish at the FIH World Cup by defeating Germany 3-1 in a classification match, with Navneet Kaur scoring two goals.
Veteran goalkeeper Savita Punia highlights a significant shift in the Indian women's hockey team's mindset and dressing room atmosphere, attributing their best World Cup finish in over five decades to a newfound belief and openness among players.
Union Finance Minister Nirmala Sitharaman announced the government's plan to establish a high-powered committee to examine reforms for the banking sector, aligning it with the vision of a 'Viksit Bharat' (Developed India) and India's next phase of growth.
State Bank of India (SBI) is extensively using artificial intelligence to underwrite nearly Rs 1 lakh crore in MSME loans and automate the processing of cheques up to Rs 10,000. This AI adoption aims to enhance efficiency, free up employee bandwidth, and improve customer service across various banking functions.
'Since the category has a limited track record, assess the fund manager's experience across equity and debt market cycles rather than relying only on past returns.'
Prime Minister Narendra Modi has appealed to opposition parties to support the delimitation-linked Women's Reservation Bill, highlighting its 40-year struggle. The bill aims to provide 33 per cent reservation for women in legislatures and increase Lok Sabha seats, requiring a two-thirds majority for passage. Despite previous setbacks and ongoing efforts to secure numbers, the government continues to push for this crucial legislation.
Indian cricketer Zeeshan Ansari attributes his red-ball cricket resurgence to the invaluable lessons learned from spin legends Muttiah Muralitharan and Daniel Vettori during his stint with Sunrisers Hyderabad.
