The Indian government has ratified an 8.25 per cent interest rate on Employees' Provident Fund (EPF) deposits for the financial year 2025-26, with over seven crore contributing members expected to see this credited to their accounts this month.
The first thing cardholders should do after spotting a suspicious charge is block the card.
'First-time applicants may witness longer approval times or higher rejection rates and requests for more documentation.'
A farmer in Maharashtra received a message indicating a one-paisa credit instead of the expected Rs 2,000 under the PM-Kisan scheme, causing confusion. The Agriculture Department later clarified it was a technical error and the full instalment had been successfully processed.
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.
The Indian banking sector is projected to experience a steady 9-13 per cent industrial credit growth in the first half of 2026, driven by capital expenditure, infrastructure development, and sectoral demand recovery, according to a Ficci-IBA survey.
'We are staying away from making forward-looking statements on when we will reach 1 trillion, etc. But growth will be rapid; it's only a matter of time.'
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.
Indian drag-flicker Deepika Sehrawat discusses her challenging journey back to hockey after a serious hamstring injury, her emotional struggles during rehabilitation, and her triumphant return as the joint top scorer in India's FIH Nations Cup victory.
State-owned enterprises in India are projected to significantly increase their overseas borrowings, potentially exceeding $15 billion in FY27, driven by the Reserve Bank of India's new concessional forex swap facility which offers a 3 per cent funding-cost advantage.
Indian bank credit expanded by 16.08 per cent year-on-year in FY26, marking its fastest pace since FY24, while deposits grew by 13.47 per cent, according to RBI data. Experts caution that year-end figures may be inflated due to reporting date changes, but acknowledge strong momentum in corporate, MSME, and retail segments.
Global investment firm KKR remains optimistic about India's long-term growth, citing rising incomes, premiumisation, financial deepening, and demand for quality services as key drivers for its consumption story, even as higher energy prices and AI disruption pose near-term challenges.
CA All India Rank 3 Sohan Anil Manjrekar tells Rediff how he spent five years preparing for one of the toughest examinations in the country; he did it to fulfil his father's dream.
Prism, the parent company of OYO, has filed updated draft papers with Sebi for a Rs 6,650 crore initial public offering (IPO) consisting entirely of a fresh issue of shares, with no offer-for-sale component from existing investors.
Despite its intriguing premise, Uyir never quite cracks the mystery, relying instead on emotional drama to deliver its final blow.
Goalless Turkey were ousted from the FIFA World Cup 2026 after losses to Australia and Paraguay in Group D, thwarted by poor finishing and a staunch opposition defence.
India's national football team goalkeeper Gurpreet Singh Sandhu discusses the immense mental pressure of his position, the importance of resilience, and his admiration for Argentina's Emiliano Martinez. He also shares his predictions for the FIFA World Cup 2026, backing traditional powerhouses and hoping for an Asian team's strong performance.
Indian wrestler Sujeet Kalkal, dominant in the 65kg category, attributes his success to consistency and self-belief, aiming for gold at the upcoming Asian Games and World Championships.
Indian wrestler Sujeet Kalkal, dominant in the 65kg category, attributes his success to consistency and self-belief, focusing on self-improvement and rigorous training for upcoming challenges like the Asian Games and World Championships.
New Zealand pace bowler Matt Henry ran through England's tail to give his side a 253-run victory in the second Test at The Oval to level the series at 1-1 on Sunday.
Moody's Ratings has highlighted that Indian banks are among the most exposed in the Asia-Pacific region to the West Asia crisis, primarily due to India's high dependence on energy imports, which could lead to increased inflation, higher interest rates, and strained borrower cash flows.
Indian benchmark indices Sensex and Nifty experienced declines due to a sharp rally in crude oil prices, continuous foreign fund outflows, and geopolitical uncertainties. Regulatory developments in the banking sector, particularly the implementation of the Expected Credit Loss (ECL) framework, also contributed to the selling pressure.
Fintech platform CRED announced a significant funding round of Rs 8,550 crore led by Meta, coinciding with founder Kunal Shah's departure as CEO to take on the global leadership role for WhatsApp.
Shafali Verma believes that keeping the game plan simple is the best way for India to get the better of Australia in their must-win Women's T20 World Cup clash at Lord's on Sunday.
India's toll collection growth is projected to moderate to 5-7 per cent year-on-year in FY27, a 150-200 basis points reduction, primarily due to the economic impact of the West Asia conflict and a slowdown in commercial traffic, according to Crisil Ratings.
Following India's dominant win over Afghanistan in the second ODI in Lucknow, former India captain Sunil Gavaskar praised young fast bowler Gurnoor Brar for his standout performance, highlighting his rhythm, run-up and ability to extract steep bounce.
India's bowling coach hails team's "hungry mindset" after strong T20 World Cup start
Harry Kane struck twice while Jude Bellingham and Marcus Rashford delivered the knockout blows as England survived a back-and-forth battle to beat Croatia 4-2 on Wednesday and launch their World Cup campaign in a heavyweight clash that lived up to its billing.
Gaya native Shubham Kumar topped the JEE exam by avoiding negative news and social media. He credited his parents, Kota faculties and hard work for his success. Gurugram's Kabeer Chillar secured the second rank. Both students attended the Allen Career Institute in Kota.
Mumbai Indians' stand-in captain Suryakumar Yadav praises Sameer Rizvi's explosive batting performance, while acknowledging his team fell short of a competitive total. Rizvi's innings proved pivotal in securing victory.
Debutant left-arm spinner Manav Suthar is blessed with amazing skills-sets and will be a treat to watch in the coming days, reckoned all-rounder Washington Sundar.
Listed capital market companies in India delivered strong fourth-quarter earnings growth, with a universe of 12 firms posting 30 per cent year-on-year revenue growth and 19 per cent earnings growth in Q4FY26, despite mark-to-market (MTM) losses impacting headline profitability for some.
Kapil Dev has urged patience with 15-year-old Vaibhav Sooryavanshi after his historic India call-up, while Madan Lal backed the teenage batting sensation to carry his IPL form onto the international stage.
Pakistan Prime Minister Shehbaz Sharif announced that Pakistan would host the signing ceremony of a peace agreement between the US and Iran in Switzerland on June 19, calling it a "historic milestone" that ends a 107-day conflict and promises global economic stability.
Tamil Nadu Governor RV Arlekar announced that the TVK regime, led by Chief Minister C Joseph Vijay, will take steps to ensure fair financial devolution from the Centre, including pursuing the matter in the Supreme Court. The government also plans to conduct a 'Social Justice Survey' and address the state's severe financial deterioration.
Fuel prices have risen by about Rs 7.5 per litre since May 15, as global crude oil prices surged due to the ongoing conflict in West Asia and supply concerns around the Strait of Hormuz.
Zelle, a major US peer-to-peer payment service, is set to launch in India by the end of this year, marking its first international expansion. The move aims to tap into India's large remittance market, offering a service similar to UPI but integrated with bank apps. Zelle also introduced ZelleUSD, a stablecoin for future global payment capabilities.
UPI transactions in India reached record highs in May, driven by summer travel and the IPL, with transaction value hitting Rs 29.90 lakh crore and volume reaching 23.2 billion.
Harmanpreet Kaur admitted India put pressure on themselves by consuming too many dot balls in the middle overs as England notched a 26-run victory in the second women's T20I to level the three-match series 1-1.
US President Donald Trump announced a finalised peace deal between the US and Iran, set for signing on June 19 in Switzerland, with key figures like J D Vance, Steve Witkoff, and Jared Kushner from the US side, and Abbas Araghchi and Mohammad Bagher Ghalibaf representing Iran, alongside Pakistani mediators Field Marshal Asim Munir, Shehbaz Sharif, Ishaq Dar, and Mohsin Naqvi, playing crucial roles in the diplomatic breakthrough.
