The Hindu Businessline

Yes Securities expects headline CPI for Q1FY27 to undershoot RBI's 4.2% forecast as the May print at 3.93% y-o-y and benign base effects keep the average low

The ruling also triggers legal provisions that could disqualify him from holding elected office

The IMFwas granted a Certificate of Registration (CoR) by the Insurance regulator to operate as an Insurance Marketing Firm (IMF) for the period from May 18, 2020 to May 17, 2023

The insurance broker and risk advisor has largely been focussing on strengthening relationships with mid-market and SME clients rather than pursuing growth purely through scale

BoBs Golden Goal Deposit Scheme offers higher returns for seniors with easy online and branch deposit options

Bank permitted to allow depositors to withdraw up to 1 lakh; eligible depositors would be entitled to receive deposit insurance claim amount of their deposits up to a monetary ceiling of 5 lakh

The Latest Fixed Deposit Interest Rates: Jun 12, 2026

The Latest Home Loan Interest Rates: Jun 12, 2026

The RBI said this week that external commercial borrowings with an average maturity of at least three years by state-run companies would qualify for a swap facility at a fixed rate of 1.5% per annum, compounded semi-annually

The bank reported total deposits of Rs 26,197 crore and gross advances of Rs 23,832 crore as of June 11, 2026.

According tothe insurer, a Special Investigation Team (SIT), which looked into a 2015 road accident case to claim insurance benefits illegally from ICICI Lombard, has revealed an implantation of the motorcycle

The revised rate came into effect on June 10, 2026, and applies to NRI customers

IIFL estimates the scheme could unlock 2.55 trillion in additional credit amid global headwinds.

Zelle enables financial institutions of all sizes to offer near-instant cross-border remittances through trusted banks and credit unions

This follows RBIs recent proposal aimed at boosting US dollar inflows

Lohiya nomination follows the superannuation of Nagaraju Maddirala

Experts observed that the current softness in money market rates makes short-term funding attractive

HDFC Lifesays it is leveraging digital workflows, automation, AI-led validation, and analytics to simplify claims assessment and processing

The move follows the Reserve Bank of Indias foreign currency swap window announcement, which reduced the currency hedging cost for banks and enabled them to offer higher returns

The interest rate for the general public for a 1-year non-callable deposit is now up to 6.7% from 6.6% earlier; for more than 1 year and less than 2 years it is 6.6% compared to 6.5% earlier

Lenders have sought clarity on using NRI deposits as collateral to help attract additional foreign capital under the RBIs latest scheme.

The platform will provide research coverage on more than 700 global securities, including constituents of the S&P 500, NASDAQ 100 and over 100 ETFs, SAMCO Group Founder and CEO Jimeet Modi said

Jefferies says the lender was the largest mobiliser under the 2013 scheme, while fresh RBI measures could support foreign inflows and future growth

The upgrade is expected to improve its access to diversified funding sources at competitive rates

The primary objective of RBIA is to provide the Board or its committees with reasonable assurance on the adequacy and effectiveness of the institutions risk management and internal control framework.

Canara Bank raised MCLR for overnight to six-month tenures by 5 bps, while leaving longer-tenure rates unchanged

REITS and InvITs are investment vehicles that allow investors to invest in real estate and infrastructure assets respectively

Peak interest rates touch 7%, or thereabouts

The government has also raised the maximum loan amount limit for large NBFC-MFIs and MFIs to 1,000 crore from 300 crore, subject to a 20% Assets Under Management ceiling

The report said major lenders are likely to see further declines in bad-loan ratios, supported by stronger balance sheets and improved recovery mechanisms

Selected participants to undergo three months of in-person residency at GIFT City, followed by three months of virtual support dedicated to product development, market validation, and ecosystem engagement

A number of big-bang funding plans have been announced recently for the AI buildout

Benchmark 10-year yield drops 10 basis points in four days as foreign investors pump over 11,000 crore into government securities.

The FCNR(B) US Dollar deposit rates for these maturities will be 7% per annum from the earlier 2.63%

Asset management companies may report executive remuneration on a consolidated basis instead of naming individuals.

The private-sector lender will offer 7% on three-year FCNR(B) deposits, 7.05% on four-year deposits and 7.10% on five-year deposits, a spokesperson for the bank said

Equity inflows dipped 40% in May to 22,908 crore, against 38,440 crore in April, as investors confidence was shaken by extreme volatility in the market

PIB Fact Check in a post on X said the claims being circulated on social media were fake, and that the RBI maintains its current currency structure

Competition to intensify for NRI deposits

This includes Pool Buyout, Co-Lending, TReDS and Supply Chain Finance at Nariman Point, Mumbai

LCR requires banks to maintain high quality liquid assets to meet 30 days net outgo under stressed conditions

The court said the banks statements were factually accurate and imposed a Rs 5 lakh cost on the trust.

According to data from the Clearing Corporation of India Ltd (CCIL), FPI holdings in FAR securities stood at 3.32 lakh crore on Tuesday, up from 3.23 lakh crore on June 3.

Bank posts record 1,322 crore profit in FY26; targets 4 lakh crore business by FY29

Banks can avail concessional swap from the RBI for overseas borrowings of a minimum maturity of 3 years

The hiring push, including for senior leadership roles, will continue through March 2027.

Measures extended hedging support and liquidity management till January 2027

This platform will allow businesses to access traditional banks, digital banks and payment processors across key global jurisdictions

The company has disbursed over 2,600 loans to more than 400 MSMEs across 173 cities in 27 States, helping small suppliers access working capital against confirmed government purchase orders

Four of the five top tier Indian IT services players saw an increase in share of revenue from the BFSI vertical in FY26, according to data from the companys annual reports