The Hindu Businessline

Banks asked to put in place a mechanism for compensation of up to 25,000 for small value fraudulent e-banking transactions, mandatorily send instant SMS alerts to its customers and provide 24x7 access through various channels for reporting of fraudulent transactions

Rupee closes 7 paise higher at 94.6650 per dollar

The NBFC will strengthen its presence in states including Gujarat, Delhi, Rajasthan, Odisha and Telangana, while expanding deeper into southern and western markets.

The firm plans to use the funds to strengthen its technology and platform capabilities, and expanding the range of investment products

RBI says banks must put in place a board-approved risk management framework covering all AI and machine-learning models

London Circuit Commercial Court ordered him to pay more than $ 10.7 million to BOI for defaulting a loan given to a Dubai-based company promoted by him

More NRIs are approaching India as an investment destination, says Ankur Choudhary, Co-Founder and CEO of Belong

PNB MetLife pays out 526.62 crore across 6,188 individual claims and 502.69 crore across 6,868 group claims during year

Banks are constrained for credit only when they do not have sufficient capital and we (banks) have sufficient capital, the RBI Governor said

The monthly transaction volumes on the app increased from 79.64 million in June 2025 to 244 million transactions in May 2026, Lalitha Nataraj, MD & CEO, NBSL, said.

The Governor observed that if the MPC was sure about the second round effects of inflation, it would have acted.

The fund selects 50 stocks from the Nifty 500 universe using four factors low volatility, quality, value and momentum and tracks a customised benchmark, the Nifty 500 Multifactor MQVLv 50 Index

Moodys Ratings has assigned a Baa3 rating, with a Stable Outlook to the above referenced obligation, Axis Bank says in a regulatory filing

The company also plans to support Canadian businesses with global collections, local accounts and supplier payments

ECLGS 5.0 aims to provide credit guarantee coverage of 100 per cent for MSMEs and 90 per cent for non-MSMEs

Indian banks can extend loans to the FCNR (B) account holders and mark lien on such deposits

The move comes as GIFT Citys broker-dealer ecosystem continues to expand, with more than 100 registered entities

The move is part of measures aimed at strengthening dollar inflows into the country

The capital will be deployed in clean energy and financial inclusion initiatives

Allows insurance companies and credit guarantee fund trusts to play a more active role in supporting transactions on the platform

The new framework simplifies onboarding and enables financiers to access credit guarantees

The collaboration will provide customers up to 100% on-road funding, flexible repayment options, and competitive interest rates, while leveraging Shriram Finances wide pan-India network to boost EV adoption

Survey of 10,000 retailers shows rising confidence in digital tools and early-stage AI adoption at last mile

PFC accepts bid worth $300 million for a five-year dollar bond issue

The case is part of a CBI investigation into embezzlement of 657 crore from the accounts of the Haryana government and Chandigarh administration maintained at IDFC First Bank

This is driven by a pickup in non-food bank credit and rise in foreign direct investment (FDI) to India, per the central banks latest monthly bulletin

The move follows a review of current and evolving market liquidity trends

The draft regulations also seek to enhance transparency and accountability

The uncertainties could have an impact on the outlook through international trade, cost pressures, capital flows and commodity prices

Offering leverage on a FCNR (B) deposit has emerged as a grey area

The agency said the accused sanctioned loans to intermediary and conduit firms in violation of RBI and lending norms, resulting in massive losses to public sector banks

The initiative is projected to generate employment opportunities for about 11 million young Indians over the next two decades under the private sector development financing programme

Widely regarded as the architect of a prolonged US economic expansion, Greenspan oversaw an era of low inflation, strong growth and booming markets, steering monetary policy through multiple crises including the 1987 crash and the Asian financial crisis

Malhotra described MSMEs as the nursery of entrepreneurship and stressed the need for a financial system that effectively serves enterprises across districts and towns

The MPC projected Indias real GDP growth for 2026-27 at 6.6% while revising Consumer Price Inflation (CPI) upward to 5.1%, with inflation expected to peak at 5.9% in the third quarter

Foreign banks share in total issuance grew to about 35% in the year ended March, from 28% to 30% in each of the preceding two fiscal years

Customers seek greater clarity and proactive communication, among other things, the second edition of PBs claims study revealed

SBI on Friday secured a stay from the Telangana High Court on the auction of the land by the Telangana Industrial Infrastructure Corporation (TGIIC), which had earlier allotted the property to the bank.

Kotak Bank prioritises profitability over market share, open to acquisitions that align culturally and technologically, says Director Kashyap.

ADB to focus on clean energy, green hydrogen, e-mobility and green data centres as key segments

Following the elections, the board was reconstituted with K Paul Thomas, Managing Director and Chief Executive Officer of ESAF Small Finance Bank, as chairperson

PhonePe has clarified rules around dormant prepaid wallets after users raised concerns over inactivity charges. The company said wallet balances, UPI transactions and linked bank accounts follow separate systems with different operating rules

The SDQI of public sector banks declined marginally by 0.3 in March 2026 as compared to December 2025; overall, the SDQI score of scheduled commercial banks declined marginally by 0.2 in March 2026

Banks to offer higher interest rates on deposits as they will be able to deploy the full deposit proceeds as loans

Foreign capital measures, including FCNR deposits, ECBs, and OFCBs, to attract investment

Zerodha Capital's total income increased to 53.5 crore in FY26 from 37.1 crore a year earlier, while total assets rose to 641 crore from 433 crore

The Latest Fixed Deposit Interest Rates: Jun 19, 2026

The Latest Home Loan Interest Rates: Jun 19, 2026

The stock traded at 779.35 on the NSE at 11.36 am, after opening at 788.70 against its previous close of 799

DBS Bank Ltd. expects the central bank to deploy a stronger tool in August by requiring banks to keep a larger proportion of deposits with the RBI