The Reserve Bank of India on Friday proposed to allow banks to lend to Real Estate Investment Trusts (REITs) with certain prudential safeguards to deepen the financing pool for the real estate sector.
Led by the country's biggest lender State Bank of India (SBI), public sector banks logged a record cumulative profit of Rs 52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth.
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.
A special court in Mumbai has dropped corruption charges against Guruashish Construction and its directors in a multi-crore cheating case after the CBI found no public servants involved in the alleged graft.
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 Clearing Corporation of India (CCIL) will be able to reapply for recognition by the European Union's (EU) financial markets regulator following a pact signed on Tuesday between the Reserve Bank of India (RBI) and the European Securities and Markets Authority (Esma).
'Whether you will bring this down and cause hurt to senior citizens, who are probably living on that little interest rate that they earn out of it... But equally, if I just look at the kitty of the National Small Savings Fund, it is from that same kitty that I'm borrowing.'
Union Home Minister Amit Shah criticised the Congress party for its alleged inaction in addressing Maoist violence during its long rule, while highlighting the Modi government's success in nearly eradicating Maoists from Bastar, Chhattisgarh.
Opening up the corner office is fine, but will the government be able to attract talent without giving a market-rate salary?, asks Tamal Bandyopadhyay.
Public sector lender Union Bank of India on Tuesday announced interest rates for new home loans up to Rs 50 lakh at 8 per cent for one year.
The London High Court has rejected Nirav Modi's petition to reopen his extradition case, citing the Indian government's assurances regarding his treatment in India as a key factor in their decision.
State Bank of India-led public sector banks posted a record cumulative profit of Rs 49,456 crore in the second quarter of the current fiscal, reflecting a 9 per cent year-on-year growth despite two lenders reporting a decline. All 12 public sector banks (PSBs) together made a profit of Rs 45,547 crore in the September quarter of FY25.
Union Home Minister Amit Shah has criticised the TMC government in West Bengal, alleging that its policies have led to increased infiltration and threaten national security. He framed the upcoming elections as a battle against these issues, promising change if the BJP comes to power.
Head of central banks from various countries get into a 'Basel huddle' every second month at Basel at the headquarters of the Bank for International Settlement.
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.
Voices from the Treasury are clamouring for lowering rates as this would boost demand.
Gold prices are likely to trade firm next week as traders await key economic data, including US inflation numbers, for fresh cues on interest rate outlook, while silver may remain volatile amid shifting risk sentiment and speculative activity, analysts said.
Rajan said India's good economic fundamentals would allow it to overcome any 'sharp corrections' in global markets
Kerala is set to hold its Assembly election, with the ruling LDF aiming for a historic third term, the UDF seeking a comeback, and the NDA striving to gain a foothold in the state's political landscape.
Punjab Governor Gulab Chand Kataria emphasised the importance of Aadhaar in promoting good governance, transparency, and ease of living, highlighting its role in ensuring welfare benefits reach the intended recipients and strengthening the rural economy through Direct Benefit Transfer.
As the March 31 deadline arrives, a wave of Maoist surrenders suggests insurgency's end, but political and social concerns remain.
Sitharaman continues with the tradition she set in 2019, carrying the budget speech in a 'bahi-khata', which she used after dropping the briefcase tradition.
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.
India and Russia have agreed to encourage joint manufacturing of military hardware and spare parts in India, aiming to improve maintenance of Russian-origin defence equipment and boost overall bilateral defence cooperation.
Stock market is gearing up for an eventful week ahead where key triggers such as quarterly earnings from corporates, the US Fed interest rate decision and the upcoming Union Budget for 2026-27 would grab the limelight, analysts said.
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.
West Bengal Chief Minister Mamata Banerjee has criticised the Election Commission for allegedly failing to protect judicial officers involved in electoral roll revisions in Malda district. She accused the EC of lacking control over law and order and enabling the BJP's alleged attempts to disrupt the election process.
TMC leader Abhishek Banerjee challenges Amit Shah to a debate on governance, accusing the BJP of political manipulation and misrepresenting West Bengal's financial situation. He also criticised the BJP's record on women's safety and alleged the Centre was withholding funds from West Bengal.
Kerala Chief Minister Pinarayi Vijayan has strongly refuted Rahul Gandhi's claims of collusion between the LDF and BJP in the upcoming Kerala Assembly elections, accusing the Congress leader and his party of being the BJP's 'B-team'. The Congress has retaliated, alleging that Vijayan is trying to appease Prime Minister Modi and Home Minister Shah.
A senior Maoist commander, Papa Rao, surrendered with his team in Chhattisgarh, signalling a significant blow to Left-Wing Extremism in the region. This event underscores the impact of sustained security pressure and rehabilitation efforts on the Maoist movement.
The Reserve Bank on Wednesday said the amalgamation of Lakshmi Vilas Bank with DBS Bank India will come into force from November 27 and the moratorium imposed on the crisis-ridden lender will be removed on that day. The RBI issued the statement within hours of the Cabinet clearing the Scheme of Amalgamation of Lakshmi Vilas Bank Limited (LVB) with DBS Bank India Limited (DBIL).
The Supreme Court on Friday issued fresh notices to Anil Ambani and the Anil Dhirubhai Ambani Group (ADAG) on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving the firm and its group companies.
The Enforcement Directorate (ED) is seeking an expedited trial against Congress leader P Chidambaram in the Aircel-Maxis and INX Media money laundering cases, having submitted the required prosecution sanction to the court.
'A breakout above 158,000 to 160,000 could trigger the next leg higher toward 165,000 to 170,000.'
'We believe the truth is in the middle, and that India is at an important crossroads.'
The idea of back-loading the target of fiscal consolidation is perhaps guided by the government's desire to be prepared for any adverse developments in the coming year, points out A K Bhattacharya.
Finance Minister Nirmala Sitharaman's biggest challenge will be to find a new growth driver, particularly against the backdrop of a global economy ravaged by heightened uncertainty and fragmentation, financial markets on a precipice, and global commodity prices on a continued uptrend.
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.
2027's housing census trims questions but adds digital-age indicators like Internet and smartphones.
Union Home Minister Amit Shah emphasizes the need for a unified anti-terrorism structure and a strong anti-terrorism grid across India to effectively counter terror attacks. He also announced a new plan to combat organized crime.
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