The Hindu Businessline

A FxC can purchase foreign currency notes/coins and travellers cheques; sell foreign currency notes/coins and travellers cheques for foreign travel purposes; and function as Money Transfer Service Scheme sub-agent in accordance with the guidelines on Money Transfer Service Scheme (MTSS).

Indian Banks Managing Director Binod Kumar sees an additional credit flow potential of between 12,000 crore and 15,000 crore under the ECLGS scheme

The net profit for the whole FY26 was 1,455.14 crore, registering a growth of 12% compared to 1,302.88 crore in FY25

Net profit rises 13%, marking fourth consecutive year of record earnings

The resignation was followed by a 13.81% drop in the bank's share price

In its circular on Tuesday, the regulator said the threshold will be assessed for half-yearly periods ending on June 30 and December 31

The bank is also fast-tracking procurement of security tools and has moved to 24/7 audits to detect vulnerabilities quickly

Q4 ResultsToday, May 6, 2026, Live Updates:

To mitigate moral hazard, REs shall be prohibited from selling the SNFA back to the borrower or to any related party of the borrower. They will also be required to disclose the stock of SNFAs held by them in their balance sheet

The assets under management grew 22.4 per cent to 63,798 crore

Disbursements grow by 25 per cent YoY in the March quarter

Plan aims to attract capital inflows amid persistent currency pressure

The total number of accounts opened on the central banks retail direct portal jumped about 54% y-o-y to 3,61,402 as on April 27, 2026

As they take MF route to tap the equity market

Despite a 3.5% drop in net interest income to 10,380 crore, the bank managed to post stronger bottom-line growth, aided by lower provisioning requirements.

The change is linked to the introduction and expansion of the new tax regime, which became the default option from April 1, 2023

Gold loans spike 123% year-on-year, boosting overall momentum

Sustained trend may impact liquidity, say economists

Q4 ResultsToday, May 5, 2026, Live Updates: Catch live updates

Jain has led the division for decades and is widely credited with shaping its global reinsurance strategy

The consolidated results include the results of 16 entities such as Aditya Birla Housing Finance, Aditya Birla Sun Life Insurance, Aditya Birla Sun Life AMC and Aditya Birla Health Insurance within the ABCL fold

Pralay Mondal, MD & CEO, attributed the de-growth in retail loans to re-classification of loans against security, where the collateral was gold, and decline in unsecured loans, among others

Such campaigns not only mislead the general public but also interfere with the orderly functioning of the credit system of the country, according to a central bank statement.

The new DG has been appointed by the government for a period of three years or until further orders, whichever is earlier

Total market capitalisation rises to nearly $2.64 trillion

Speaking on the sidelines of the IMC Capital Markets Conference at the NSE, Pandey said both regulators have a valid rationale for not being favourably inclined towards the segment

The rupee has slumped 5.5% this year, sliding to an all-time low of 95.33 per dollar last Thursday

The original cryptocurrency climbed as much as 1.9% Monday morning in Singapore to $80,393, its highest level since Jan. 31

The bank is expecting a credit growth of 16-18% and deposit expansion of 13-14% in the ongoing financial year, says Punjab & Sind Bank MD and CEO Swarup Kumar Saha

Mythos' advanced coding capabilities give it an unprecedented potential to detect cybersecurity weaknesses and develop methods to exploit them, sparking concerns that it could be used to disrupt banking systems

The earlier stake sale was called off after bids fell short of government expectations, even as foreign investor interest in Indian financial institutions continues to rise

Indias fourth largest private sector bank had clocked a net profit of Rs 3,552 crore in the year ago quarter

The move follows recent amendments to insurance laws aimed at boosting investment and expanding the sector

Kotak Mahindra Banks net advances expand 16% in the quarter from a year earlier, mainly driven by retail and corporate loans

The rupee has declined more than 5% so far this year, ranking as Asias worst performer, while the benchmark Nifty 50 stock index has lost 8%

Find the live updates of Kotak Mahindra Bank, Avenue Supermarts, APL Apollo Tubes, Epigral, Netweb Tech and more on businessline

This observation comes in the backdrop of the Rrupee breaching the 95 to the Ddollar mark in intraday on Thursday for the first time since March 30, 2026, and closing at an all time low of 94.91 per US Ddollar

CSFB reported 18 per cent year-on-year increase inQ4FY26 net profit at Rs 40 crore against Rs 34 crore in the year ago quarter

The Latest Fixed Deposit Interest Rates: May 01, 2026

The Latest Home Loan Interest Rates: May 01, 2026

MAS Financial Services to pay dividend of 0.75 per share

Q4 Results Today, May 1, 2026, Live Updates: Catch live updates