The Hindu Businessline

Net interest income rose 15% to 46,992 crore, up from 40,907 crore a year ago

A term loan refers to a fund based credit facility of a fixed principal amount, made available by an NBFC to a borrower

ICICI Bank and Axis Bank raise $300 million each in US dollar debt market for the second time in two months

The Committee noted that the 18% GST on insurance products has adversely affected affordability and insurance penetration

The rupee appeared on track to open weaker around 95.35-95.40 per dollar, but central bank intervention right around the time the local spot market opened at 9:00 am IST helped shore up the currency

Q1 Results Today, 07th August 2026 Live Updates: Follow Q1FY27 live updates from businessline

Zero MDR contributed significantly to this growth by allowing consumers, small shops and roadside vendors to make and receive payments without transaction charges: GTRI

The RBI approval enables the company to expand regulated cross-border payment services for businesses with faster and compliant trade remittances

Tata Sons continues to feature on it; REC, Power Finance Corporation, Indian Railway Finance Corporation and HUDCO are in the list

ED has chargesheeted Pushpinder Singh along with his two colleagues at Kotak Mahindra Bank and an employee of the Panchkula municipal corporation, accusing them of defrauding the Haryana government of more than 100 crore

New RBI norms strengthen borrower rights through fair recovery practices, stricter lender accountability and safeguards against misuse of recovery powers.

The inclusion is noted to be independent of Tata Sons ongoing application for de-registration, which is still under review

Standard Chartered was the first foreign bank to commence operations in GIFT City in 2020

The new fund offer will be open for subscription on August 7

The auction will follow a multiple price-based method and will be held through the RBIs e-Kuber system

Paramotor will undertake the marketing and distribution of ABCDLs prepaid products while ensuring compliance with applicable RBI regulations

With over 15 years of AI innovation, Flytxt currently serves more than 80 enterprise customers across 50 countries, helping them transform customer data into actionable intelligence and driving measurable business outcomes

The company undertook a private placement of 2.34 crore equity shares at an issue price of 159 apiece

Q1 Results Today, 06th August 2026 Live Updates: Follow Q1FY27 live updates frmo businessline

Net profit increased 5% to 131 crore in the quarter

The bank has stood apart from regional counterparts ranging from Indonesia to Australia by keeping policy on hold since the Iran conflict erupted.

RBI pares its FY27 retail inflation projection to 5%; marginally ups real GDP projection to 6.7%

Central bank expects healthy inflows into FCNR (B) deposits going forward

Malhotra says polymer currency notes have lasted for over 30 years in some jurisdictions and will come in handy, especially for the lower denomination notes which have high velocity

A Bill tabled in the Lok Sabha has led to speculation around MDR on UPI. Expert opinion suggests charges on UPI may not be on the cards

For better transparency, RBI directed banks to switch to external benchmarks like repo for loans from the earlier Marginal Cost of Funds framework in 2019

Aditya Birla Sun Life AMCs Balasubramanian and Krishnan on oil, currency, consumption, earnings and SIPs

Analysts are anticipating the central bank to retain its 'neutral' policy stance amid easing inflation, resilient economic growth and comfortable external sector indicators

Bank chief outlines universal bank plans

The insurers have been advised to communicate the nomination of a Senior Executive to the Chief Secretary immediately

The feature syncs an investors data from Mutual Fund Central with Ionics internal market, macroeconomic, and asset class knowledge

GROx AUM reached 3,003 crore on June 30, 2026, a 32% increase from 2,280 crore in March 2026 and nearly four times higher than five quarters ago

The company is planning to have tie-ups with more digital platforms to reach out to more young customers, Aditya Birla Health Insurance CEO Mayank Bathwal said

The committee is also likely to retain a neutral stance, with inflation remaining within the RBIs 2%-6% tolerance band and Malhotra signalling policymakers would act only if price pressures become more broad-based

Board also approved plans to raise 1,000 crore through a Qualified Institutions Placement, subject to shareholders and regulatory approval.

AKBRF alleged that private sector banks such as DLB, Kotak Mahindra Bank, Karnataka Bank, Karur Vysya Bank, RBL Bank and SIB have not implemented payment of ex-gratia to the pensioners

Based on the floor price, it is expected to generate over 31,000 crore for the government, marking the largest OFS proceeds to date

The scheme aims to attract stable foreign currency inflows, strengthen Indias balance of payments, bolster forex reserves and support rupee stability

A career central banker with over 30 years experience, Chakraborty previously served as Chief General Manager, Department of Supervision

Total disbursements grew by 22% to 8,947 crore

KV Kamath says era of traditional moats being challenged

The announcements come as Indias largest private general insurer crosses 25 years of operations, having served over 500 million customers and settled more than 60 million claims

DBS Bank India announced that Chengappa has joined the firm as Managing Director and Head of Treasures Business and Wealth Management

The company is expanding its digital finance ecosystem through AI, strategic partnerships and rapid growth across lending, payments and asset management

The bank offers features like FD-like higher returns on surplus savings with an Auto Sweep facility, personal accidental death cover on debit cards up to 3.19 crore, and complimentary benefits

Williams reiterated the current stance of interest rate policy is well positioned to bring inflation back to target

ICICI Bank leads private-sector peers with about $3.7 billion in deposits under the scheme. HDFC Bank and Axis Bank, the countrys largest and third-largest private lenders respectively, raise about $1.5 billion each

As global uncertainties and inflation risks persist, most experts expect the six-member Monetary Policy Committee (MPC) to adopt a cautious approach despite resilient domestic economic growth

The Bankers Books Evidence Bill, 2026, which seeks to repeal the 1891 Act, provides for a technology-neutral legal framework for bankers books

The project is powered by SprintMoney, a fintech company providing a comprehensive suite of white-labelled digital solutions to banks and financial institutions