The high-value Rs 2000 notes worth Rs 5,884 crore are still in circulation, according to official data released on Wednesday.
A grooming branch network for servicing HNIs is a stepping stone for a full-fledged wealth management business.
But selectively, with regulatory scrutiny and special approval, points out Tamal Bandyopadhyay.
Beginning next month, a bank customer can opt for up to four nominees in her or his account with a view to ensure uniformity, and efficiency in claim settlement across the banking system. The key provisions relating to Nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, a finance ministry statement said on Thursday.
Most lenders that have reported their April-June business update posted slower growth in deposits sequentially as compared to the loan growth in the April-June quarter of 2024-25 (FY25). Current and savings account (CASA) deposits continue to face pressure. Private-sector lenders YES Bank, Bandhan Bank, and RBL Bank saw their deposit growth contract by 0.5 per cent, 1.5 per cent, and 2 per cent, respectively.
The Madras high court has issued a strong warning to Tamilaga Vettri Kazhagam (TVK), led by actor-turned-politician Vijay, over alleged damage to public property during recent political rallies and asked the Tamil Nadu government to establish uniform, legally sound rules for holding large public meetings.
Here's what Indian investors diversifying into equities, ETFs, and real estate abroad to manage risk, returns, and currency exposure must watch out for.
Ashoka University professor Ali Khan Mahmudabad, previously booked for social media posts, has petitioned the Supreme Court for the release of his passport, a condition of his bail. The court will consider the plea on November 18.
'It is not looking at valuation, but investment, growth and ultimately better profit for stakeholders.'
The Lokpal, India's anti-corruption ombudsman, has issued a tender for the procurement of seven BMW 3 Series 330Li cars, estimated to cost around Rs 5 crore.
President Droupadi Murmu addressed Indian Police Service probationers, highlighting the growing threat of 'digital arrest' scams and emphasizing the importance of ethical policing and public service.
After a subdued first quarter of 2025-26 (Q1FY26), banks are now betting big on the festive season, rolling out attractive loan offers to boost credit growth in the second half of the current financial year (H2FY26) - a trend likely to be further accentuated by the second-order effects of the good services tax (GST) cuts.
Cyber fraudsters have duped Delhi residents of nearly Rs 1,000 crore so far this year, with investment scams, digital arrests and boss scams emerging as the most common cybercrimes.
The cancellation means the Leh-based institute will no longer be able to receive or utilise foreign funding.
The Enforcement Directorate has filed a chargesheet against YouTuber Elvish Yadav, singer Rahul Yadav (Fazilpuria), and others, accusing them of money laundering related to wildlife crimes involving protected snakes and lizards.
A woman labourer in Madhya Pradesh's Panna district has discovered eight diamonds in a mine, potentially worth lakhs of rupees at auction.
A man died and his wife was severely injured after a mudslide levelled several houses in the Idukki district of Kerala. Residents allege unscientific road widening work was responsible for the tragedy.
'Other sectors that manage the savings pools of Indians are giving tough competition to life insurance companies.'
The move is aimed at making settlement of claims or return of articles from a locker smooth for relatives after the death of a customer.
Domestic institutional investors (DIIs) poured in Rs 94,829 crore of fresh money into Indian equities in August, the second-highest monthly inflow after record Rs 1.07 trillion influx in October 2024.
Trading sentiment in the equity market will be guided by macroeconomic data announcements, global trends and quarterly earnings from IT major TCS this week, analysts said. Stock markets would also be tracking trading activity of foreign investors who remained net sellers of Indian equities in September.
The arrest of Swami Chaitanyananda Saraswati in Agra has brought relief to his alleged victims, but concerns remain about the long road to justice and the possibility of his influence affecting the case.
'In the case of corporate credit, especially to AAA borrowers, lenders will have to take a fresh look at pricing.'
The NSO previously tried to collect household income data in its ninth (1955), 15th (1959), 19th (1964), and 24th (1969) rounds (July 1969-June 1970), but these efforts were not completed, partly due to non-responsiveness by respondents.
The Delhi High Court imposed a cost of Rs 20,000 on the central government for concealing facts in its plea seeking review of an order relating to the promotion of IRS officer and former NCB Zonal Director Sameer Wankhede.
'The statistical confidence bands of the fan charts of the forecasts will provide a better sense of the potential variability of outcomes.'
The Supreme Court intervened to ensure a tragedy-struck widow received compensation from the Railways after a 20-year legal battle following her husband's death in a train accident.
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Self-styled godman Chaitanyananda Saraswati, accused of molesting 17 women students, has been remanded to judicial custody. Police have added a charge related to threatening a witness.
Australia held their nerve in a tense chase, edging past India by two wickets to seal the series 2-0 despite a late fightback from the visitors on Thursday in Adelaide.
A Special Investigation Team (SIT) probing the Dharmasthala case has recovered skeletal remains during a search operation in Banglegudda forest, near the Netravati bathing ghats in Dakshina Kannada district. The remains have been sent for forensic examination.
'The BJP will win comfortably if the Congress and AAP fight separately -- though not with 162 seats.' 'But if they form an alliance, it will become a major problem for the BJP. That's precisely why this expansion is happening now.'
A retired banker in Delhi lost his entire life savings, amounting to Rs 23 crore, to cyber fraudsters who posed as ED and CBI officers. The victim was kept under 'digital arrest' for over a month and forced to transfer funds under duress.
'Given the lag in transmission, further softening of lending rates may happen in the coming months.'
Uncertainties over the impact of the United States' (US') tariffs on India, along with the ongoing transmission of past rate cuts, prompted the members of the Reserve Bank of India's Monetary Policy Committee (MPC) to maintain the status quo during the August meeting, the minutes showed. While some of the external members highlighted their concern over growth, the internal members cited the one-year headline inflation rate overshooting the 4 per cent target.
While the economy will wait for a rate cut in December, the banking industry should be happy with the wave of liberalisation -- a big push for growth in bank credit, points out Tamal Bandyopadhyay.
The Supreme Court on Monday deferred to October 13 the hearing on a plea of telecom major Vodafone Idea Ltd seeking quashing of the additional adjusted gross revenue (AGR) demands for the period until 2016-17.
'Always keep accurate and transparent records of the source of the investment or property's funding: Loan agreements, transfer records of the property, and bank statements of co-owners if available.'
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The Enforcement Directorate (ED) has arrested an agent based in Uttar Pradesh for allegedly defrauding investors through the 'QFX' Ponzi scheme. The agent, Navab Hassan, has been remanded to ED custody for nine days. This is the second arrest in the case, which involves multiple FIRs across several states.
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