The Indian economy is growing at a robust pace, driven by strong domestic demand, low inflation, and the healthy balance sheets of banks, said a Reserve Bank report released on Wednesday.
The controversy involves mis-selling Credit Suisse AT-I bonds to NRIs as fixed-maturity instruments, later written off after collapse.
Move can also bring a huge change in the way business is done in India, where firms use multiple current accounts, often for even individual projects, making them difficult to monitor.
Fresh hiring might slow as banks likely to focus on improving efficiencies.
A chartered accountant in Haryana has been arrested for allegedly murdering his pregnant wife and attempting to stage a robbery. Police investigations revealed inconsistencies in his story, leading to his confession.
The Enforcement Directorate has launched a money laundering investigation into the alleged embezzlement of 590 crore from Haryana government accounts held with IDFC First Bank, conducting searches across multiple locations.
The foreign bank is present in the wealth management space with client assets under management of Rs 10,000 crore.
Commercial banks in India reported 26 per cent year-on-year (Y-o-Y) growth in slippages at Rs 63,000 crore during the first quarter ended June 2025 (Q1FY26). This was predominantly due to stress in microfinance and unsecured retail portfolios of select lenders.
Following up on Jack Patel's Dubai Dreams, his first book author PG Bhaskar returns to his protagonist, now married and wanting to return to the world of private banking. Here's an exclusive excerpt from the new book -- Jack is Back in Corporate Carnival. Read on.
China's e-commerce giant Alibaba, which completed the world's largest initial public offering ever this month, has won approval from authorities in Beijing to establish a private bank as it diversify into financial services.
Nayagam PP, career counsellor and founder of EduJobs360, explains how traditional engineering choices are being replaced with flexible, future-ready career paths that align with industry requirements.
RBI Governor Shaktikanta Das on Tuesday asked private sector banks to ensure continuity in the provision of various financial services, including credit facilities to individuals and businesses, in the face of challenges brought on by the pandemic. Earlier this month, the governor had held a similar meeting with MD and CEOs of public sector banks. During the meeting with the MD and CEOs of select private sector banks, Das also impressed upon the banks to quickly and swiftly implement the measures announced by the RBI on May 5, 2021, in right earnest.
Delhi Police have arrested three individuals for their alleged involvement in facilitating a 'digital arrest' fraud racket, which resulted in a Paschim Vihar resident being defrauded of Rs 14.2 lakh.
Banking sector has witnessed healthy growth in advances in the third quarter of financial year 2026 (Q3FY26) against the same period last year, as the full impact of goods and service tax (GST) rate cuts drove growth. Most of the lenders saw their credit growth outpace the deposit growth in the quarter.
A 69-year-old man in Mumbai was defrauded of 1.57 crore (157,000) in a 'digital arrest' cyber scam. The victim was tricked into transferring funds to accounts controlled by cyber criminals posing as police officers.
State Bank of India (SBI) is considering setting up a separate company for its private banking initiative, as part of a plan to garner a larger share of business from the country's burgeoning affluent class.
'Except for extremely conservative investors, others can consider allocating 10 to 20 per cent of their portfolio to small caps.'
Private-sector lender Federal Bank on Friday announced that New York-based Blackstone will invest Rs 6,196.51 crore in the bank through its affiliate Asia II Topco XIII Pte Ltd via a preferential issue on a private placement basis.
Delhi Police have arrested four men from Maharashtra, Odisha, and Bihar for allegedly planning terror activities and attempting to recruit others online. An IED and related materials were seized during the operation.
Aranmula, Kerala, prepares for Assembly elections with a focus on development, health sector performance, and religious sentiments, as incumbent Health Minister Veena George faces challenges from Congress and BJP candidates.
Prime Minister Narendra Modi criticised the Mamata Banerjee government in West Bengal, promising development, accountability, and an end to corruption if the BJP wins the upcoming assembly elections.
A penalty of Rs 91 lakh has been imposed on HDFC Bank for violating certain provisions of the Banking Regulation Act, the Reserve Bank said on Friday. The penalty has been imposed on the private sector lender for deficiencies in statutory and regulatory compliance, including those related to Know Your Customer (KYC).
'Credit growth in India remains in double digits, even though corporate borrowing is subdued.' 'Corporate credit is weak because companies are cash-rich and cautious amid global uncertainty.'
The overarching talking point will be the reluctance on the part of private banks to loosen their purse strings and increase lending substantially, even as the central bank believes there is adequate liquidity within the system.
India's top private banks might soon exit from the gold coin business.
The Indian IPO market is experiencing a significant surge in preliminary filings, with 38 companies submitting papers to SEBI in March 2026, driven by a combination of improved issuer confidence, strategic regulatory compliance, and private equity investors seeking exits amidst volatile market conditions.
A 25-year-old man died after falling into an unprotected pit dug by the Delhi Jal Board in Janakpuri, Delhi. Police have registered a case of culpable homicide against the contractor and officials of the Delhi Jal Board.
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.
Private banks are assumed to be more efficient at intermediating between depositors and investors.
Private banking in India is still at a nascent stage and can absorb all the lessons learnt the hard way in developed markets, according to Jane Fraser, the global head of Citi Private Bank.
Prime Minister Narendra Modi announced six guarantees for West Bengal if the BJP wins the Assembly polls, criticising the TMC government and promising development and accountability.
The investigation into Sheena Bora's murder, and, later, the case, leans heavily on the half-burnt body found in rural Maharashtra in 2012. Therefore, the very strange and notable differences -- like the Case Of The Rising Skeleton -- between both postmortems/their reports done on it have a critical bearing.
Fino Payments Bank (Fino) has become the first such entity to get an in-principle approval from the Reserve Bank of India (RBI) to transition into a small finance bank (SFB).
Prime Minister Narendra Modi announced six guarantees for West Bengal if the BJP wins the Assembly polls, promising to end the 'reign of fear' and address corruption, while criticising the TMC government's performance.
Kerala's 2026 assembly election will see a three-cornered contest where religion and communalism have emerged as central themes for the first time, challenging the state's long-celebrated secular fabric.
An advisory body of EPFO has rejected a proposal to engage private banks -- ICICI, Axis and HDFC Bank -- for collection of PF contribution from employers.
The construction of a Babri Masjid-style mosque in West Bengal's Murshidabad district has become a focal point in the upcoming elections, reshaping voter loyalties and raising communal tensions.
