The Hindu Businessline

Based on the floor price, it is expected to generate over 31,000 crore for the government, marking the largest OFS proceeds to date

The scheme aims to attract stable foreign currency inflows, strengthen Indias balance of payments, bolster forex reserves and support rupee stability

A career central banker with over 30 years experience, Chakraborty previously served as Chief General Manager, Department of Supervision

Total disbursements grew by 22% to 8,947 crore

Managing Director and CEO Pranay Ranjan Dwivedi attributed the growth to subscriber trust and a long-term investment discipline

KV Kamath says era of traditional moats being challenged

The announcements come as Indias largest private general insurer crosses 25 years of operations, having served over 500 million customers and settled more than 60 million claims

DBS Bank India announced that Chengappa has joined the firm as Managing Director and Head of Treasures Business and Wealth Management

The company is expanding its digital finance ecosystem through AI, strategic partnerships and rapid growth across lending, payments and asset management

The bank offers features like FD-like higher returns on surplus savings with an Auto Sweep facility, personal accidental death cover on debit cards up to 3.19 crore, and complimentary benefits

Williams reiterated the current stance of interest rate policy is well positioned to bring inflation back to target

ICICI Bank leads private-sector peers with about $3.7 billion in deposits under the scheme. HDFC Bank and Axis Bank, the countrys largest and third-largest private lenders respectively, raise about $1.5 billion each

As global uncertainties and inflation risks persist, most experts expect the six-member Monetary Policy Committee (MPC) to adopt a cautious approach despite resilient domestic economic growth

The Bankers Books Evidence Bill, 2026, which seeks to repeal the 1891 Act, provides for a technology-neutral legal framework for bankers books

The project is powered by SprintMoney, a fintech company providing a comprehensive suite of white-labelled digital solutions to banks and financial institutions

Roughly 1,367 of the tokens worth some $86 million had been drained from more than 4,500 wallet

The report said overall bank credit, estimated at around Rs 219 trillion, grew 18.6% year-on-year (YoY) in June 2026, while non-food credit expanded 18.3% YoY

Economists and market experts believe the RBI is unlikely to rush into any change in interest rates despite persistent global headwinds, including elevated crude oil prices and a relatively hawkish U.S. Federal Reserve

For our customers, gold loans remain primarily a short-term financing product.

These approvals are crucial, as investments from countries sharing a land border with India have required prior government approval since April 2020 under DPIITs Press Note 3

The most significant change relates to prior approval for share transfers

The MPC will meet between August 3 and August 5 to decide on the policy rates.

PNBs capital adequacy improved to 18.13% as on June 30, 2026, compared to 17.5% at the end of the first quarter of the previous fiscal year

The proceeds will fund expansion, acquisitions, capital expenditure and working capital

The action stems from a July 21 complaint by the Union Ministry of Labour and Employment alleging cheating, criminal conspiracy, and causing wrongful loss to the EPFO

UPI transaction volumes rose 4.1% month-on-month from 22.72 billion in June, while the value of transactions increased 3.3% from 28.92 lakh crore

UPI transactions touched a record high of 29.9 lakh crore in May 2026

Muthoot Finance has unveiled a leadership transition as it prepares for its next growth phase after achieving record business milestones

Strong demand for gold-backed credit helped Muthoot Finance deliver record loan growth and double-digit profit expansion in the first quarter

The gross aggregate business of the bank stood at 1,97,006.62 crore for the quarter ended June 30, 2026

Interest rate hiked 0.25% to 7.25% for 3 year deposits and to 7.40% for 4 and 5 year deposits for regular category

Banks have attracted massive NRI deposits under the RBIs temporary hedging facility, boosting forex inflows and strengthening external sector confidence.

The proposal could mark the biggest operational change at the Federal Reserve in decades, altering how often policymakers communicate.

A Reuters photograph has sparked fresh speculation over possible U.S. Treasury action after Japanese authorities intervened to support the yen

Assets Under Management increased 18% YoY to stand at 31,364 crore as at June-end 2026

The new directions consolidate 628 existing circulars, including Master Circulars and earlier Master Directions, into a streamlined framework covering 11 categories of regulated entities.

Revenue grew 29 per cent yoy to 14,731 crore

Banks also raise the one-year median MCLR to 8.6 per cent in July

Banks gross advances stood at 23,216 crore and secured advances increased to 14,465 crore

Periaswamy is a technology and cybersecurity leader with over three decades of experience at the highest levels of Indias financial sector

The Latest Fixed Deposit Interest Rates: Jul 31, 2026

The Latest Home Loan Interest Rates: Jul 31, 2026

Total income rose 15 per cent to 611 crore from 530 crore in the year ago quarter

Rajaramans extension is aimed at ensuring continuity at the helm as the regulator works towards strengthening the International Financial Services Centre ecosystem at GIFT City

BFS to enter re-insurance business

The outlook for the bank is stable and incorporates strong affiliate support from Emirates NBD Bank, its largest shareholder

The transactions were executed on Thursday at an average price of 590 apiece, taking the deal size to Rs 374.02 crore

Fed reinforces its data-dependent approach, with future policy decisions likely to be driven by incoming inflation, labour market data rather than forward guidance, says ICICI Bank