The Hindu Businessline

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

The CBI has so far arrested Amitabh Jhunjhunwala, former Vice Charman of Reliance Capital Ltd, Devang Pravin Mody, former CEO of RCFL, and Amit Bapna, former Chief Financial Officer of Reliance Capital Ltd.

President Prabowo Subianto also confirmed that both countries will work on establishing cross-border QR payment linkages

The IPO, likely to open next week, will kick off a busy pipeline of public offerings for India in the second half of the year

The bank said the service will help businesses improve cash flow management and ensure timely statutory compliance

K Ram KumarThere are 33 banks currently operating in the IFSC, comprising 15 foreign banks, 10 private sector banks and 8 public sector banks

In the companys annual report for FY25-26, Intellect Design Arena said that financial institutions are increasingly embedding AI across enterprise operations

From a technical perspective, analysts see the $65,000-$70,000 range as the next major resistance zone for Bitcoin

Gold loans accounted for 31% of securitisation volumes, driven by strong NBFC portfolio growth and healthy investor demand

IRDAI is expected to announce new norms on commissions soon

Bank of Barodas $600 million settlement could significantly affect current quarter earnings and weigh on investor sentiment

He also unveiled reforms to modernise cooperatives through PACS expansion, e-PACS, storage infrastructure and merit-based hiring.

NaBFID said it plans to extend the model to more A-rated infrastructure companies to deepen Indias corporate bond market and support long-term infrastructure financing

Developers shift to private credit for balance-sheet management rather than distress financing, with deal pipelines already up 10 to 20 percent