The Hindu Businessline

Bank branches will observe multiple closures in October, with the holiday schedule varying from city to city due to regional festivals and local observances

The aggregate investment by Jio Finance in the JV to date is 375 crore

Mahesh Pai brings nearly three decades of experience across various facets of universal banking

The debt issue attracted major investors including ICICI Prudential Mutual Fund, SBI Pension Fund and ICICI Prudential Life Insurance.

The bank said it has adequate grounds to contest the matter, citing favourable GST orders on an identical issue in earlier years

Customers can make payments across merchants using their iPhone, Apple Watch and iPad, with support for Mac coming soon

ADBs validation report says that while the loan-supported programme was successful, MSEDCLs deteriorating financial health could mean that the gains from the programme may not be sustained

It urged IRDAI to retain the 2023 expense-of-management framework, with tighter computation rules

The networks expansion deepens financial access across villages, supporting women-led enterprises, rural livelihoods and small businesses in multiple states

RBI support and easing crude oil prices stabilise the market

All plans include unlimited teleconsultations and a yearly gym membership for members above 18 years of age, covering gym, aerobics, Pilates, calisthenics, yoga and Zumba through network providers

The Mumbai-based credit information company, said the appointment is aimed at strengthening its focus on data-led decision-making and inclusive financial growth

The new feature allows account holders to schedule automatic transfers of digital rupees (e) to a beneficiarys CBDC wallet at a fixed amount and frequency, while restricting how the recipient can spend the funds

The report, titled Resilience at Machine Speed, found that AI systems success rate on apprentice-level cyber tasks jumped from 9% to 50% between 2023 and 2025

Concerned about a likely reduction in remuneration, Life Insurance Agents Federation of India reaches out to the regulator

The fintech expects lifetime disbursals to cross $5.5 billion in FY26 while expanding its reach among underserved borrowers across smaller towns.

The planned transaction follows a similar $650-million fundraising in July, when proceeds were invested in rupee debt issued by another group entity

The CBI alleges Mistry was involved in the criminal conspiracy that resulted in Punjab National Bank suffering substantial losses

Investigators allege the funds were routed through jewellers bank accounts and presented as legitimate business transactions.

Imposing UPI chargeson top of high capital investment, price volatility and market sluggishnessthreatens the very survival of small- and medium-sized jewellery businesses

The central banks sell/buy swaps have pushed dollar-rupee forward premiums higher, raising the cost of hedging dollar exposure, with the one-year premium up around 50 basis points this month

The Foreign Currency Non-Resident (Bank) deposit (FCNR(B))-driven liquidity has emerged as a key near-term catalyst for the banking sector, the report says

The CRA said BoIs Long-Term IDRand Government Support Rating are equalised with Indias sovereign rating (BBB-/Stable), reflecting itsview of a high probability of extraordinary state support for the bank, if required.

Yield of the benchmark 10-year G-Sec (6.94% GS 2026) closed at 7.19%, a level last seem in April 2024, against the previous close of 7.12%

Refuses plea by petitioner for interim stay, but issues notice

The cap, proposed in 2020, has already faced multiple extensions, with the latest deadline set for December 31, 2026

Five-day banking must become a reality for the banking industry at the earliest. We are moving towards that, said UFBU in a statement

The new vertical combines specialised banking capabilities as Indias GCC ecosystem expands in scale, strategic importance and sophistication

The company plans to trim marketing expenses and slow down hiring, Nomura said in its report

The petitioner had prayed for a stay, but the bench did not accept; The date for the next hearing has not been fixed

Sources said the Tata Sons board is expected to finalise its response to the RBI, including a broad timeline for undertaking the listing process

McKinsey says that insurers are reassessing the traditional direct-to-customer (D2C) model as customers increasingly discover and evaluate products through AI-powered search and conversational interfaces

The rupee has already seen a decline of 0.1 per cent, to 95.89 per dollar, with the central bank's presence helping it hold above the 96 mark

A high-level committee of IBA and UFBU will be formed immediately to deliberate on the issue of declaring the remaining Saturdays as holidays

HSBCs growth drive pits it against larger local rivals like ICICI Bank and Kotak Mahindra for Indias fast-expanding wealth pool

The decision follows an agreement to form a high-level committee to examine remaining Saturdays as holidays and address other pending demands

The SBI Chiefemphasised that SBIs GIFTCity IBU complements its domestic branches by offering good interest rates to customers for periods of less than one year

The ministry noted that the Reserve Bank of India has granted approval for all bank branches, offices, ATM-link branches and Currency Chests to remain fully operational on September

NRE inflows plunge sharply during the April-July period

PB Fintech was in the spotlight following an IRDAI proposal that could impact its insurance revenues

The performance of banks in areas including Agriculture and Allied Activities, Micro, Small and Medium Enterprises (MSMEs), education loans, housing and other priority sectors was reviewed

The PIL filed by advocate Anjan Datta has challenged the Centre's September 14 notification and the MDR framework announced on September 15, which is stated to come into effect from October 15.

NABARD to explore increasing support through the Rural Infrastructure Development Fund (RIDF) and other financing instruments

So, a bank does not necessarily need to mobilise liabilities (such as deposits) before credit creation

In Bihar, Jeevika Didi refers to women members of State government initiative Bihar Rural Livelihoods Project (BRLP), locally known as Jeevika, aimed at the social and economic empowerment of rural women through Self-Help Groups

The changes are expected to accelerate repatriation of export earnings and improve foreign exchange inflows, while reducing regulatory bottlenecks by shifting more approval powers to authorised dealer banks

The revised time period for realisingexport proceedsis counted from the date of shipment in case of goods (other than goods exported to a warehouse outside India) and from the date of invoice in case of services

Opens branch in Mannargudi, with plans for branches in Karaikkal and Thiruthuraipoondi in the pipeline

Infuses 1,450 crore primary capital; buys 45% from Edelweiss for about 600 crore; Nido net worth seen at 2,300 crore in 18 months