The Hindu Businessline

After years under the RBIs Prompt Corrective Action framework, the bank posted a record net profit of 9,513 crore in FY26; total business crossed 6,27,149 crore as of September 30, 2026, up 18%

During the period under review, the gross premium written grew 9.11% y-o-y at 7,702.09 crore compared with 7,058.86 crore for the corresponding period last fiscal

Government Securities yields rose, tracking pricey crude oil prices amid step up in attacks by Yemen-based Houthi rebels on Saudi Arabias energy infrastructure.

Despite a substantial cash inflow and a residual 19 per cent stake in IDBI Bank, the transaction is unlikely to materially alter LICs valuation, analysts say

The banks global business grew 15.88 per cent year-on-year to 30.72 lakh crore as of September 30, 2026, driven by a 19.46% increase in global advances to 13.75 lakh crore

The successful bidder will be required to present its credentials to the Reserve Bank of India in accordance with the Fit and Proper Assessment conducted at the EoI stage

Funds raised via theaforementioned issuance are aimed atcreatingsustainable overseas employment opportunities for 600 rural youth belonging to OBC in Madhya Pradesh

Her five-day itinerary includes discussions with global finance leaders, bilateral meetings with counterparts and sessions on infrastructure investment and economic reforms

Treasury officials expect further monetary tightening as the RBIs hawkish signals push up short-term borrowing costs and government bond yields

Gross NPAs moderated to 1.33% of gross advances at the end of September 2026 as against 2.35% by the year-ago period.

Shetty has filed a $15-billion suit against BoBand 25 other defendants, accusing the bank of facilitating corporate fraud linked to the collapse of NMC and UAE Exchange groups

On Tuesday, the rupee ended at a five-week high, gaining 49 paise to close at 95.28 per US dollar

The company said H1-FY27 was marked by a challenging macro environment

The banking system had a surplus liquidity of 3,35,901 crore as of October 12

The average PV loan amount growingby 49%to 8.2 lakhand the average loan tenure increasingby five months to 62 monthsbetween the first half (HI) of 2019 and H1 of 2026

The decision follows industry opposition and a legal challenge, with the Supreme Court seeking explanations from NPCI, RBI and the Centre

NBFCs continue to lead vehicle financing, accounting for 73% of two-wheeler loans and 37% of passenger vehicle loans

Transaction marks first Credendo-insured aviation financing globally and first ECA-backed deal through GIFT IFSC structure

The 0.4% charge for merchants on transactions exceeding 2,000 was scheduled to take effect on October 15

Funding in the first nine months of 2025 stood at $1.9 billion

The first set of new rules mandated that banks make a 20% cash deposit with the RBI for FX derivatives used by their clients to hedge current-account exposures

The public sector lender disclosed the classification in a regulatory filing, citing its policy on determining and disclosing material events and information

The partnership brings together QazPosts nationwide distribution network and OnMetas rapidly growing digital payments infrastructure at significant scale

The FERR has been introduced as part of RBIs measures to curb speculation and contain volatility in the forex market

The last time the INR had a better opening than todays was on February 3, 2026, when it opened 111 paise stronger at 90.40 per USD against previous close of 91.51

With the Oct 25 feedback deadline likely to stretch, regulators may widen chats and roll out changes in steps after the next financial year

Net interest income increased 37.4 per cent to 2131 crore

The court said the accused remained untraceable despite earlier warrants, while allowing the agency to pursue proclamation proceedings to secure their presence

The platform is designed to support the evolving requirements of businesses engaged in international trade and individuals undertaking foreign remittances by providing a seamless, secure and efficient digital channel

The move aligns with the upcoming rollout ofViyona Tap & Pay, an NFC-based SoftPOS solution designed to turn commercial Android smartphones into contactless payment terminals

Under this partnership, TMB will be able to provide end-to-end financial solutions to the customers of Ashok Leyland

In line with the change in MPC stance to calibrated tightening, RBI raised daily CRR from 90% to 99%

PAT growth for the top five lenders is estimated at 7-17 per cent year-on-year, while NIMs are expected to contract across most banks

An IIT Bombay study mentions two aftereffects: First, consumers who purchase goods/services for more than 2,000 pay a higher price; second, the higher selling prices percolate even to those making purchases of less than 2,000

The Insurance Regulatory and Development Authority of India (IRDAI) is confident of curbing misseling with the help of proposed reforms

Banks required to maintain a Foreign Exchange Risk Reserve in cash with RBI; Central Bank to open a special window to meet the entire daily dollar needs of three public sector oil marketing companies

The Bengaluru-based companys revenue has more than tripled from 213 crore in FY23, translating into a compound annual growth rate of around 46% per cent

Yield rises to 7.31 per cent as traders brace for more RBI liquidity absorption, sticky inflation and a higher rate trajectory

The LIC continued to dominate the market, with its first-year premium increasing 19.3 per cent to 1.44 lakh crore during the six-month period

The banking system liquidity is reeling under liquidity surplus emanating from banks mobilising FCNR(B) deposits aggregating $133 billion between June 8 and August 31

The Latest Fixed Deposit Interest Rates: Oct 09, 2026

The Latest Home Loan Interest Rates: Oct 09, 2026

Robust growth in net interest income and loans portfolio boost profit numbers

Any escalation in geopolitical tensions likely to put pressure on the rupee, says report

On October 7th, when RBIs rate setting panel raised the repo rate, Bajaj Finance increased interest rates on its FDs by 15 to 40 bps across all tenures with immediate effect

RBI received bids worth 18,170 crore against the notified amount of 1.50 lakh crore in its 10-day VRRR auction on Friday

The renewable-energy arm of Aditya Birla Group agreed in July to acquire Solenergi Power, a Shell Plc unit that includes the Sprng Energy group companies, for $1.8 billion

The litigation finance business will operate separately from Krashas digital neo-financing platform, which focuses on asset-backed structured finance transactions