The Hindu Businessline

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%

The offer will open on June 1 and close on June 12.

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

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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

At 11.59 AM, the stock was at 122.75, up 0.71% from its previous close of 121.89, with buy orders dominating at 70.41% of total quantity traded

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

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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

He also cautioned against costly foreign borrowing and NRI deposit schemes to boost reserves.

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 stocks total market capitalisation stands at 5,11,692 crore

The fund tracks the BSE 500 Dividend Leaders 50 Index and invests in 50 companies with a track record of regular dividend payouts

Nearly 2.03 lakh customers earned between 6-100% of their premiums back in FY26, accounting for nearly 11% of eligible customers, says Mayank Bathwal, CEO, Aditya Birla Health Insurance

Despite West Asia crisis potential hit on Even as West Asia crisis could shave 11.5 percentage points off Indias GDP growth over the next 6-9 months, global consulting firm Kearney dismissed fears of rupee breaching the 100-per-dollar mark and slide to 130140. Speaking to businessline during Kearneys 100 Years of Impact celebrations, the firms top global leadership said Indias next growth cycle driven by investments in green energy, electronics manufacturing, data centres and infrastructurewill

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

The benchmark 6.48% 2035 bond yield was at 7.1225%, as of 10:15 a.m. IST, rocketing back up from a low of 7.0194% hit earlier, and against its previous close of 7.0761%

Q4 Results Today, May 21, 2026, Live Updates: Catch more updates here

The draft norms also bar lenders from disabling essential features such as internet access, incoming calls, emergency SOS services and public safety notifications

BHIM Payments Apps total transaction volumes increased by 301 per cent in FY26 compared to FY25

Data on recent recruitment trends show that banks are increasingly using apprentices to meet manpower requirements arising from the expansion of marketing, customer outreach, etc.

KGB enrolled 2,49,185 APY accounts against the DFS/PFRDA target of 1,75,500 accounts, registering an achievement level of 142%, the highest among all banks in Karnataka

Yield on the 364-day treasury bill rose 21 basis points to 5.9750% Wednesday, the most in nearly four years, according to data compiled by Bloomberg

The report highlighted that trust has emerged as one of the biggest differentiators for banks as customer expectations continue to evolve beyond products and pricing

The company promptly activated the necessary protocols for containment and incident response, and has engaged a specialist firm to assess the potential impact

Nuclear projects present a distinctive financing challenge with high capital outlay

The comments come a day after another financial industry giant, Standard Chartered, said that 7,000 jobs could go as it steps up its efforts to deploy AI

Global investors have pulled out a record $23 billion from the nations stocks this year

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