The RBI seems to be acknowledging that all deposits are not equal -- a deposit with a lower run-off assumption is inherently more valuable than one that could disappear overnight, points out Tamal Bandyopadhyay.
HDFC Bank reports a 12% credit growth for the March quarter, alongside the unexpected resignation of its chairman, Atanu Chakraborty, due to ethical concerns.
The BJP has won the repoll to Bengal's Falta Assembly seat with a significant margin, marking a dramatic shift in the political landscape of West Bengal. The TMC's candidate slipped to fourth place and forfeited his deposit in what was once considered a TMC stronghold.
Market participants are keenly awaiting regular, preferably weekly, updates from the Reserve Bank of India (RBI) on Foreign Currency Non-Resident (Bank), or FCNR (B), deposits, following the central bank's directive for banks to submit daily data on these inflows.
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.
India's banking system liquidity has fallen into a deficit for the first time in nearly three months, prompting the Reserve Bank of India (RBI) to inject 1.41 trillion through a seven-day variable rate repo (VRR) auction to ease the temporary tightness.
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.
The scheme, called 'Suhana Safar', targeted customers who aspire to own a car but were hesitant because of concerns around arranging the down payment or managing future EMI obligations.
A tripartite pact -- amid the promise of removing AFSPA from almost all of the North East -- revives hydrocarbon exploration along the Assam-Nagaland border after decades of dormancy.
The Panchkula Municipal Corporation has reported discrepancies in its Fixed Deposit Receipts (FDRs) with a private bank, amounting to approximately 150 crore. The matter has been reported to the State Vigilance for further investigation.
HDFC Bank's shares experienced a dip on Wednesday after a newspaper report alleged that the bank made illegal payments to the Maharashtra State Road Development Corporation to secure large deposits, raising concerns about corporate governance.
The Bombay High Court has approved the removal of mangroves for the Vadhvan Port Project in Palghar, Maharashtra, citing its public importance and economic significance. This clearance paves the way for accelerated execution of the Rs 76,220 crore project, which aims to position India among the top 10 container port nations globally.
India's remittance inflows have remained robust despite the West Asia conflict, driven by precautionary transfers and diversification of remittance sources, with bankers expecting continued stability for the year.
CPI(M) state secretary M V Govindan has accused a Kozhikode-based cooperative society of fraud following the alleged suicide of a depositor, claiming the society, run by local Congress leaders, failed to return the deceased's money.
While opening new accounts, banks can check if the name appears in any mule data. In case it does, the bank can conduct enhanced due diligence.
A 44-year-old man from Thane has been booked for allegedly defrauding seven investors of Rs 1.61 crore by promising high returns on cryptocurrency investments.
As the rupee weakens, wealthy families are accelerating investments in global assets.
Police in Gonda, Uttar Pradesh, have registered a case against 69 former and serving officers and employees of an Indian Bank branch for allegedly embezzling nearly Rs 5 crore from a union account. The case was filed following a court order after the accused failed to return the embezzled funds despite an earlier undertaking.
Self-proclaimed godman Ashok Kharat, accused of portraying himself as Lord Shiva and using black magic to extort money from victims, has been arrested by the Enforcement Directorate.
The Supreme Court has scheduled a July hearing for the Rs 500 crore money decree case involving Ras Al Khaimah Investment Authority (RAKIA) and industrialist Nimmagadda Prasad, following the failure of a mediation process led by former Chief Justice of India U U Lalit.
Of course, NOT! Here's why. And here's how you can increase your Rs 1 crore retirement corpus.
'You empower a man, you are not necessarily empowering a family, you are just empowering him.'
A special CBI court in Thane acquitted a former central government employee accused of accepting a bribe, citing insufficient proof of demand despite the recovery of currency notes.
The Reserve Bank of India (RBI) has debunked reports of gold sales, stating that its physical stock of gold remains unchanged at 880.52 tonnes, countering claims of selling approximately USD 12 billion to protect foreign-currency reserves.
Read all account documents, ask questions, and conduct basic due diligence before agreeing to become a joint holder.
Students and families must stress test repayment capacity based on Indian salary standards.
The Reserve Bank of India (RBI) reported a significant 52 per cent year-on-year increase in gains from foreign exchange transactions, reaching 1.69 trillion in FY26. This surge occurred despite the central bank selling a gross $195 billion in the spot market to manage rupee volatility, which saw a 9.85 per cent depreciation.
The Supreme Court has directed the preparation and implementation of a time-bound eviction plan to address encroachments within the protected areas of the Agasthyamalai ecological landscape in Tamil Nadu, also ordering action against government servants involved.
A Thane court has sentenced a financial advisor to two years rigorous imprisonment in a case of criminal breach of trust filed by a woman and imposed a fine of Rs 30 lakh on him.
The Enforcement Directorate conducted searches at the residences of former Kerala chief minister Pinarayi Vijayan and his family members as part of its money laundering probe linked to the CMRL case involving his daughter.
The highest number of frauds was reported under the card, Internet, and digital payments categories in FY24 and FY25. 'Advances' accounted for the largest share (85.5 per cent) in FY26.
Earlier, most investors counted on traditional options like fixed deposits, gold, or property. But in 2026, you will have access to a much wider range of opportunities across different markets and sectors.
The University of Gloucestershire is looking for international student-athletes for funded study and training opportunities in the UK.
Ladakh Lieutenant Governor Vinai Kumar Saxena on Sunday approved a new Excise Policy, permitting the sale of hard liquor through retail vends, reducing documents to obtain a licence from 16 to six and extending the liquor availability to four more districts.
A city court has remanded former West Bengal minister Sujit Bose to Enforcement Directorate (ED) custody until May 21 in connection with the alleged municipal recruitment scam. Bose, a Trinamool Congress leader, was arrested after questioning and is accused of concealing information and making contradictory statements.
A Thane court acquitted Raj Thackeray and others in a 2008 case of alleged assault on Railway Recruitment Board examinees, citing lack of evidence and failure to prove Thackeray's presence or incitement.
'At the first sign of real trouble, that money will move. There will be a run.'
'The government's decision to keep interest rates unchanged on small savings schemes will certainly constrain banks' ability to cut deposit rates further.'
Delhi Gymkhana Club members call takeover "illegal" and highlight heritage and social value.
