The Hindu Businessline

They cited four reasons for the inflows, including entire hedging cost on fresh FCNR(B) deposits (principal) being borne by RBI, providing Banks much respite on cost / spread front

As of May-end 2026, their gold loan portfolio surged 69.9 per cent year-on-year (y-o-y) against 38.9 per cent y-o-y as of May-end 2025

The Indian currency closed at 95.62 per US dollar against the previous close of 95.33.

Swamiinathan requests IOs to identify recurring issues, undertake root cause analysis and help implement remedial measures

eMACH.ai Custody helps non-bank financial institutions to expand beyond their traditional brokerage, wealth management and capital markets businesses into custody and asset servicing

TCL will subscribe to equity shares of the unlisted, base-layer NBFC for an aggregate consideration of approximately 93 crore. As at March-end 2026, the target company had assets under management of approximately 708 crore

Mastercard bought Vocalink in 2016 for 701 million ($937.38 million) from a consortium of British banks

Q1 Results Today, July 13, 2026, Live Updates: Follow businessline's Q1 updates here

Renewed hostilities between the US and Iran have heightened concern that rising oil prices could rekindle inflation and push up interest rates

The Indian currency opened at 95.72 per US Dollar against the previous close of 95.33. Currently, it is trading at 95.75

Deputy Managing Director, DP Singh and CIO, Srinivasan Rama Iyer top the list, with holdings worth more than 100 crore each

As of March 31, the banks staff decreased to 211,178, with new hires down by 3,811, according to its annual report released Saturday

the Chennai-based bank hopes to realise 500 crore during the ongoing financial year from cases listed before NCLT

We remain committed to maintaining the highest standards of transparency, accountability and oversight, Mistry said in a message to shareholders

The country is no longer seen as a large user market for digital payments. It is becoming a place where financial platforms are built for multiple geographies, currencies, customers and regulatory environments

IREDA said Gensol Engineerings account has been classified as fraud on grounds of alleged misappropriation and criminal breach of trust and forgery with the intention to commit fraud

The Kotak Bank chief observed that the Banks structural strength lies in its diversified financial conglomerate model, which offers virtually every financial product

BoMs net interest income was up 14.53 per cent y-o-y at Rs 3,770 crore (Rs 3,292 crore in the year ago period)

The AI-focused panel will assess the impact of emerging technologies on productivity and employment

Former RBI Governor Raghuram Rajan joins Marc Andreessen, Mervyn King, Greg Mankiw, Thomas Sargent, Raj Chetty and Microsofts Asha Sharma on Fed Chair Kevin Warshs Federal Reserve policy review panels

Indian Bank currently offers a rate of interest of 6 per cent on such FCNR (B) deposits

Improved financing, battery-health checks and organised retail channels boost buyer confidence

Total income for Q1 FY27 rises to 9,063 crore from 7,879 crore in the same period a year ago

Total income grew to 20,724 crore during the quarter, up from 18,721 crore in the same quarter of FY26

Credit rating agencies such as S&P, Moodys, ICRA and CareEdge have affirmed or upgraded the lenders ratings, citing stronger fundamentals and a stable outlook.

The report predicts credit growth in the mid-to-high teens for FY27, with private sector banks expected to outperform public sector banks

The minister urged banks to facilitate greater access to institutional credit for MSMEs and called upon all stakeholders to ensure effective implementation of government initiatives for the sector growth

The card features a Zagg Coins-to-cashback rewards program, flexible payment options, and customizable Value Passes, allowing customers to personalize benefits and earn higher cashback on UPI and contactless spends

The Banks Ccapital Aadequacy Rratio stood at 19.7 per cent

The development comes amid a broader trend among Indian lenders looking to shore up foreign-currency liabilities as credit demand rises

The deal includes Credit Fairs management team, technology, brand, and infrastructure. Credit Fairs solar business has an AUM of 152.6 crore, operates in 20+ states, and partners with major solar companies

According to the report, among private listed players, SBI Life Insurance remained the top performer in June, clocking strong 18 per cent y-o-y retail APE growth, followed by Axis Max Life Insurance at around 15 per cent

The fresh investment takes the Australian pension funds total exposure to India to AU$3.3 billion

The benchmark 6.94% 2036 bond yield was little changed at 6.7670% by 10:15 am

Rupee pushed lower by surge in crude oil prices amid renewed tension in West Asia

The capital infusion will strengthen Shriram Lifes balance sheet, fund technology upgrades, and accelerate expansion into rural and under-served markets

PhonePe co-founder Rahul Chari to take on role of CPTO

The hackathon focused on developing innovative solutions to detect and prevent banking fraud, including mule accounts and supply chain fraud

NPCI seeks approval to establish a techfin centre in GIFT City, enhancing Indias digital payment and financial technology landscape.

Quantum computers can solve complex mathematical problems much faster than today's sophisticated computers, and could be used to unscramble conventional methods for encrypting digital information

Suggests higher limits for renewable energy, education and new categories for infrastructure, climate finance

Anil Agarwal, president and group head of institutional clients coverage, Vikas Shinde, who once headed the debt capital market team, and Jimmy Tavadia, group head of trading, have resigned from Axis Bank

Pai is currently Chief General Manager at Canara Bank

The Latest Fixed Deposit Interest Rates: Jul 03, 2026

The Latest Home Loan Interest Rates: Jul 03, 2026

Average daily derivatives turnover on the NSE and BSE down 25% and 30%, respectively, over the last four trading sessions

The Indian unit closed 44 paise stronger at 94.96 per US dollar

The unresolved grievances could undermine policyholder confidence and pose broader financial stability risks, RBI said

Retail lending remains the sectors growth engine, with gold loans surging nearly 70 per cent and consumer durable finance rising 42 per cent year-on-year in May 2026

The RBI had devised PSL mechanism in 1972 to ensure credit flow to underserving sectors