banking sector

New Delhi, March 14 The CBI questioned Jai Anmol Ambani, the son of Anil Ambani, for nearly five hours on Saturday for the second consecutive day in connection with an alleged fraud involving Union Bank of India, officials said.Jai Anmol Ambani, the former director of Reliance Home Finance...

New Delhi, March 13 The strategic sale of IDBI Bank is likely to have been scrapped as the financial bids submitted by potential buyers were below the reserve price, sources said on Friday.The government and LIC were jointly looking to sell 60.72 per cent in IDBI Bank and had floated an...

New Delhi, March 10 IDFC First Bank announced on Tuesday that it has settled fraud claims at a Chandigarh branch for ₹645 crore and has found no further discrepancies.Private sector IDFC First Bank had last month disclosed a ₹590 crore fraud committed by certain employees and others at a...

Mumbai, March 9 – The Sensex and Nifty indices plunged by nearly 2% on Monday, as soaring crude oil prices and weak global trends due to the worsening situation in West Asia triggered a sharp sell-off in the stock market.In addition, the continued exodus of foreign funds and the weakening of...

Hamirpur (HP), March 6 BJP MP Anurag Thakur on Friday expressed concern over the low credit-deposit (CD) ratio in Hamirpur district and urged bankers to improve this ratio to help residents become more financially independent.Participating in the District Level Review Committee (DLRC) and...

Mumbai, March 6 India's foreign exchange reserves jumped by USD 4.885 billion to a record high of USD 728.494 billion during the week ended February 27, the Reserve Bank said on Friday.In the previous reporting week, the overall reserves had fallen by USD 2.119 billion to USD 723.608 billion...

Chandigarh, March 2 Punjab Finance Minister Harpal Singh Cheema on Monday targeted the BJP government in Haryana over the Rs 590-crore IDFC First Bank fraud case, claiming that it has "completely failed" in adopting new technology, which is why people's money is being "looted" in the neighboring...

Mumbai, March 2 The Reserve Bank of India (RBI) said on Monday that it processed 99.8 per cent of applications within the prescribed timeline in February 2026, according to official data.The central bank said that it handled a total of 22,765 applications in February, including pending cases...

New Delhi, March 2 Non-banking financial companies (NBFCs) specializing in gold loans are expected to see healthy profitability in the medium term, with an estimated average return on managed assets (RoMA) in the range of 4.25-4.5 per cent next fiscal, according to a report.This increase in...

Dhaka, February 27 – The conduct of Bangladesh Bank officials in forcibly removing a senior advisor from the Central Bank headquarters in Dhaka this week sends a troubling signal about the integrity and discipline of the very institution entrusted with safeguarding the country’s financial...

New Delhi, February 26 – The Central Bureau of Investigation (CBI) conducted searches at the residences of industrialist Anil Ambani and the offices of Reliance Communications (RCom) after registering a second case against the company based on a complaint filed by the Bank of Baroda on February...

Mumbai, February 24 High, stable, and accelerating growth, along with more predictable economic outcomes, have become the hallmarks of the Indian economy, according to Reserve Bank of India Deputy Governor Poonam Gupta.Delivering the 14th Foundation Day Lecture of the Centre for Development...

Mumbai, February 23 Cities in Tier II and III now account for nearly 70 per cent of the country's blue-collar workforce, driven by expanding job opportunities in sectors such as retail, BFSI, and engineering, manufacturing and industrial (EMPI), a report revealed on Monday.The Quess Pulse...

New Delhi, February 23 Finance Minister Nirmala Sitharaman said on Monday that the government does not have any plan for mergers of public sector banks.However, a High-Level Committee on Banking for Viksit Bharat, proposed in the Budget 2026-27, will look into the topic and other aspects, she...

New Delhi, February 23 Reserve Bank Governor Sanjay Malhotra said on Monday that the central bank is monitoring the developments surrounding the alleged fraud of Rs 590 crore at IDFC First Bank, and assured that it was not a "systemic issue".The private sector IDFC First Bank had on Sunday...

New Delhi, February 23 Shares of IDFC First Bank plunged by 20% on Monday after the private sector lender disclosed a fraud of Rs 590 crore committed by its employees and others in accounts held by the Haryana government.The stock plummeted 19.99% to Rs 66.85 – also its lower circuit limit –...

Chandigarh, February 22 The Haryana government has de-empaneled IDFC First Bank and AU Small Finance Bank for government business with immediate effect, according to an official circular.No government funds will be parked, deposited, invested, or transacted through these institutions, it said...

Mumbai - The Indian Banks Association (IBA) released the ninth edition (EASE 9.0) and the EASE coffee table book for the 2026-27 financial year on Friday, February 20, 2026. The event was attended by Mr. M. Nagaraju, Secretary, Financial Services Department, Ministry of Finance, as the chief...

Bengaluru, February 14 A two-day Chintan Shivir (brainstorming session) of the Department of Financial Services (DFS), Ministry of Finance, was held in Coorg, Karnataka, on February 13 and 14, 2026.The primary objective of the Chintan Shivir was to encourage fresh perspectives and generate...

Mumbai, February 13 The Reserve Bank of India (RBI) imposed monetary penalties on Bank of Maharashtra, DCB Bank, and CSB Bank on Friday for non-compliance with directions.The central bank imposed a fine of Rs 32.50 lakh on Bank of Maharashtra, Rs 29.60 lakh on DCB Bank, and Rs 63.60 lakh on...