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The rules also mandate public disclosure of key business indicators, raising concerns over competitiveness and operational complexity.
The swap auction was conducted to bolster the RBIs ability to intervene in the forex market
The IRDAI (Corporate Governance for Insurers) Regulations, 2024 have also been amended
This ambitious growth strategy highlights the increasing competition among standalone health insurance companies
The central bank accepted 141 bids at the FX swap auction, with the premium cut-off set at 9.10
The bank reported a net profit of 48.4 crore, compared with a net loss of 216 crore in FY24-25
CCA cautioned that its underlying cost base is rising materially due to rising fuel costs and minimum wage revision in several states
The decline comes as Bitcoin struggles to break above $80,000, trading around $77,000 today and still down nearly 40 per cent from its record high above $126,000 set in October
Q4 Results Today Live Updates: Stay tuned to businessline for the latest live updates on Q4 earnings.
The Indian currency closed 46 paise stronger at 95.23/24 per US dollar
The board declared a final dividend of 24 per share
The panel will evaluate vulnerabilities in current cryptographic systems and recommend a roadmap for adopting quantum-safe security frameworks
FinBox has already deployed its Atlas platform across five financial institutions, with advanced modules for credit appraisal, fraud detection and institutional configuration
Elias George was serving as an independent director on the board of the bank since September 5, 2023
The amendment aims to prevent directors from bypassing statutory tenure limits through temporary resignations and quick reappointments
The central bank met with treasury heads of large banks through last week, ahead of a monetary policy review on June 5, where the suggestions were discussed
Sitharaman said the Centre reduced central excise duty on petrol and diesel, resulting in a revenue impact of over 1 lakh crore, to reduce logistics costs and shield businesses from rising global crude prices
Mittal said the initiative combines SIDBI's MSME financing expertise and digital capabilities with the grassroots reach of RRBs to strengthen last-mile credit delivery in rural and semi-urban areas
PSU banks could face additional pressure from wage revision provisions in FY28 along with front-loaded Expected Credit Loss (ECL) provisioning in FY27
Says it remains the only CIC that has been non-compliant with the RBI regulations
DK Srivastava, Chief Policy Advisor at EY India, said the higher surplus transfer could help the government partly manage rising subsidy expenses
Indias top insurers run combined ratios of 110113%, spending more than they earn on every policy while their global D2C counterparts operate profitably at 8489%
Bakhshi, who has led the bank since 2018, was earlier approved by the banks board subject to RBI clearance
SBI assured its customers that all regular banking services would function without disruption.
Outward direct investments by Indian companies rose to $33.3 billion from $28.2 billion in FY25.
According to RBI data, total outward remittances under LRS fell by 2% year-on-year to $28.9 billion in FY26, down from $29.6 billion in FY25
City Union Bank was fined as it levied loan-related charges on certain agriculture advances qualifying as priority sector loans and for withholding data from credit information companies
The Latest Fixed Deposit Interest Rates: May 22, 2026
The Latest Home Loan Interest Rates: May 22, 2026
Net interest income grew 16 per cent y-o-y to 207 crore
SBI has requested its over 52 crore customers to use automated teller machines, customer service points, and prefer online banking services like YONO and UPI by the lender
Till the close of trading hours on Friday, institutional investors put in bids for over 76.86 crore shares, which is about 2.36 times of the 32.58 crore shares on offer.
The RBIs Central Board, chaired by Governor Sanjay Malhotra, made the decision during its 623rd meeting in Mumbai
Net profit for the quarter stood at 62.97 crore as against 19.52 crore in the corresponding quarter of the previous financial year
RBI said the funds were infused at a 5.26 per cent cut-off rate
Primary dealers underwrite 21,000 crore through additional competitive underwriting on May 22, 2026
The company will seek shareholders' approval for the fundraise at its extraordinary general meeting scheduled on June 12, 2026
The rupee jumped following the intervention, rising to a peak of 95.99 per US dollar, up from its intra-day low of 96.30 hit in early trading
Stock falls over 5% after OFS announcement at discount to market price; Government may raise over 2,244 crore at floor price of 31 per share
To ensure leadership continuity, the company extended Ketan Merchants term as interim MD and CEO for up to three months from May 27, subject to RBI approval
Insurance behemoth to pay pre-bonus dividend of 10 per share
Rising global yields and rate hikes from other Asian central banks could also lead to higher policy rates, StanCharts India economists Anubhuti Sahay and Saurav Anand said in a note
The fund crossed total commitments of 223 crore as of April 30, 2026
The total number of subscribers under NPS at the end of FY26 stood at 2.17 crore, with a total corpus of 15.95 lakh crore
Probe tied to 2025 front-running case involving Ketan Parekh and Rohit Salgaocar
A bank will, however, be allowed to restrict or disable functionalities of a defaulting borrowers mobile device, provided the device is financed by the lender
The fresh capital will be directed towards AI-driven credit underwriting, portfolio monitoring, geographic expansion into underpenetrated states and new green-financing products
The fund tracks the BSE 500 Dividend Leaders 50 Index and invests in 50 companies with a track record of regular dividend payouts
RBIs pre-open intervention mirrored past episodes where it has acted aggressively to break a negative feedback loop of persistent depreciation and mounting pressure on the rupee