The Hindu Businessline

In December 2025, IOB received approval from the RBI to establish an International Financial Services Centre Banking Unit at GIFT City

Robust transmission of repo rate cuts to lending rates; household sector accounts for 58.6% of total bank credit

Total deposits increased by 12 per cent to 10.62 lakh crore, while total credit expanded by 13 per cent to 7.74 lakh crore

The insurance company, a joint venture between Generali of Italy and the Central Bank of India, ended 2025-26 with a first-year premium of 964 crore

The rupee has tumbled to record lows since the Iran war broke out at the end of February, as a resultant spike in crude prices delivered a severe blow to the country

LSEG benchmark yields on AAA-rated corporate bonds with two- to five-year maturities rose above 8% last week, the highest since early 2019

The Reserve Bank of India likely sold about $12 billion in gold reserves and bought $7.5 billion in foreign-currency assets over two weeks ending May 22, according to BEs senior economist Abhishek Gupta

The product has been designed to work within existing payment habits without requiring customers to adopt a separate payment ecosystem or behaviour

The court ruled that the competent authority acted within its powers in appointing LIC employees as enumerators and supervisors for census operations

The regulator also directed the firm to place the order before the Board of the Corporate Agent in the upcoming Board Meeting

The regulator has also proposed restricting minimum-KYC wallets to payments for goods and services, effectively barring their use for person-to-person transfers

The proportion of SCBs savings deposits declined from 34.6% in March 2022 to 28.7% in March 2026

The conference served as an important platform for discussions on best practices in internal control and governance

Average daily transaction volume stood at 748 million, while the average daily transaction value was 96,465 crore

The scheme, approved by the Union Cabinet on May 5, aimed at providing additional credit flow of 2.55 lakh crore, including 5,000 crore for airlines hit by the ongoing geopolitical crisis

Singh, who is serving as Executive Director of Indian Bank, will succeed K Satyanarayana Raju superannuated in December 2025

The order was passed on an application and suit filed by HDFC Asset Management Company Limited seeking an injunction against the hackers from using, publishing, distributing or disclosing to any person the stolen confidential data

The venture combines Mahindras strong presence in India with Manulifes global expertise to create a customer-focused, AI-driven digital life insurer

The UPI transaction in volume terms was 22.35 billion recorded in April,

The report also argued against a repo rate hike even as global uncertainties and elevated crude oil prices continue to create pressure on currencies and financial markets

Coinbase, which had discontinued its services in India in 2023, resumed crypto trading last year

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Risks to inflation and growth stem from spike in global fuel and commodity prices, supply chain disruptions, financial markets volatility, weather-related disruptions and a depreciating Rupee

Depreciation excessive and not aligned with Indias strong fundamentals, says report

Bank to target its own corporate customers who are availing these facilities from other banks.

As LIC navigates its digital transformation, CEO R Doraiswamy outlines plans to explore partnerships with fintech and insurtech firms while considering strategic investments to enhance innovation and improve returns for policyholders.

According to Sharma, AI can help businesses improve customer engagement, discover new ways of reaching consumers and enhance operational efficiency, making companies more scalable and competitive

The transaction, expected to be completed in the second quarter of FY27, follows the banks decision to conduct KMILs business activities directly within the bank from April 1, 2026

The banking sector's net interest margin is expected to hold steady at 2.9% this fiscal, after declining 20 bps last fiscal, said Subha Sri Narayanan, Director, Crisil Ratings

Citigroup and JPMorgan could join Goldman Sachs Group Inc. and Morgan Stanley on the preparations for the listing

The US-Israel war on Iran has disrupted trade, rattled financial markets and raised concerns over global energy supplies, particularly through the Strait of Hormuz, a key route for oil and gas shipments

Credit to agriculture and allied activities registered a year-on-year growth of 13.7% as on the fortnight ended April 30, 2026, against 9.2% in the corresponding fortnight last year, the RBI said

The company reports profit of 1,379 crore in FY26

Supervisory agenda to focus on enhancing consistency in supervisory practices across regulated entities

Developed in collaboration with PSB Alliance, the portal aims to improve financial awareness, transparency and ease of access while helping individuals reconnect with their unclaimed assets

Growth in non-food bank credit also accelerated to 15.8 per cent, driven by strong lending to infrastructure, metals, engineering, services and personal loan segments

The Latest Fixed Deposit Interest Rates: May 29, 2026

The Latest Home Loan Interest Rates: May 29, 2026

The bonus declaration will benefitover 95,000 policies

Bank branches will observe multiple closures in June, with the holiday schedule varying from state to state based on regional festivals and local observances.

RBI data showed strong growth in rupee-based import and export transactions during 2025-26, with import settlements rising sharply by over 41 per cent year-on-year.

The central bank says the services sector accounted for a major share of FDI equity inflows during 2025-26, followed by manufacturing

The RBI also reported a 6.7 per cent rise in overall surplus to Rs 2.86 lakh crore, while the value of its gold holdings surged due to rising gold prices and rupee depreciation against the US dollar

While the number of frauds was the highest under card/internet/digital payments category during 2023-24 and 2024-25, advances category accounted for the largest share in 2025-26

Separately, the RBI said its cloud platform for financial firms went live in beta mode with nine users, making such a move amongst the first among central banks

Report highlights G-sec hardening in FY26 but notes sufficient buffers in domestic financial system to handle risks

This structural segmentation minimises direct competition between the two instruments, fostering concurrent allocation rather than substitution, per the analysis

Bank says internal controls are robust amid reports of disguising extra interest payments as marketing expenditure on deposits placed by a Maharashtra Government-owned entity

West Asia conflict and the attendant risks could pose headwinds to growth and inflation in the short run