banking sector

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...

Jaipur, February 13 Rajasthan is estimated to have a lending potential of ₹4.88 lakh crore in priority sectors, including agriculture and MSMEs, during the next financial year beginning April, a state-focused paper by NABARD said on Friday.The National Bank for Agriculture and Rural...

Mumbai, February 13 Bank credit growth continued to be in double digits, rising to 14.41 per cent year-on-year for the fortnight ended January 31, the Reserve Bank said on Friday.The key number on banks' non-food credit expansion has remained in double digits for the past five months following...

Mumbai, February 13 India's foreign exchange reserves declined by USD 6.711 billion to USD 717.064 billion during the week ending February 6, the RBI said on Friday.In the previous reporting week, the kitty had jumped by USD 14.361 billion to a record high of USD 723.774 billion.During the...

Finance Minister Nirmala Sitharaman stated today that the government is working towards a resilient and self-reliant India by promoting economic growth and ensuring inclusive development. Responding to a discussion on the Union Budget in the Rajya Sabha, the Minister said that high growth has...

Ranchi, February 12 Members of various trade unions staged protests in parts of Jharkhand during the "Bharat Bandh" on Thursday, protesting against the four new labor codes, although normal life largely remained unaffected.The agitators staged demonstrations at the gates of various coal...

New Delhi, February 12 Normal life remained largely unaffected by the nationwide strike called by a joint forum of central trade unions on Thursday, protesting against the alleged "anti-worker, anti-farmer, and anti-national policies of the central government."Reports indicated a mixed...

Ranchi, February 12 Members of various trade unions took to the streets in parts of Jharkhand on Thursday, protesting the four labour codes.The protesters are staging demonstrations at the gates of various coal companies and PSUs as part of the nationwide general strike, called by a joint...

New Delhi, February 9 Services such as electricity, banking, insurance, transport, healthcare, and gas and water supply are likely to be affected across the country on Thursday due to a nationwide strike called by a joint forum of central trade unions.The general strike on February 12 is...

New Delhi, February 10 Foreign direct investment (FDI) equity inflows in the banking sector have declined from USD 898 million in FY23 to USD 115 million in FY25, Parliament was informed on Tuesday.Total FDI inflows include equity inflows, equity capital of unincorporated bodies, reinvested...

New Delhi, February 9 Led by the country's largest lender, State Bank of India (SBI), public sector banks logged a record cumulative profit of ₹52,603 crore in the third quarter of the current fiscal, reflecting an 18 per cent year-on-year growth.All 12 public sector banks (PSBs) together made...

New Delhi, February 9 Moody's Ratings projected on Monday that India's GDP will grow at 6.4 per cent in the next fiscal year, the fastest pace among G-20 economies, driven by strong domestic consumption, policy measures, and a stable banking system.In its report on the banking system, Moody's...