💰 Finance

Rupee rises 14 paise to close at 90.33 against U.S. dollar

At the interbank foreign exchange, the rupee opened at 90.52 and touched an early high of 90.06 and a low of 90.53 against the greenback

SBI raises $1 billion from MUFG via social loan

State Bank of India has secured a significant $1 billion loan from Japan's MUFG. This marks the first social loan of its kind for an Indian bank. The funds a...

Blackstone appoints bankers for Piramal Glass IPO

Blackstone is preparing PGP Glass for a public listing. Axis Capital, Bank of America, and HSBC are appointed as lead bankers. The company aims to raise betw...

Kotak Mahindra Bank's hiring spree means jobs for 500 engineers as it eyes ginger and cardamom in chai

Kotak Mahindra Bank is significantly expanding its technology team, aiming to hire 500 engineers. This move aims to enhance its long-term competitiveness by ...

Stock markets decline in early trade after three-day rally

From the Sensex firms, InterGlobe Aviation, Bharat Electronics, Axis Bank, Larsen & Toubro, Tata Steel and Bharti Airtel were among the major laggards

PSB meet for road map to create global lenders likely this month

The government plans a conclave for state-run banks this month. The aim is to create globally competitive lenders for Viksit Bharat 2047. This initiative fol...

Vinay Tonse's appointment hints at a cautious approach at Yes Bank

YES Bank has appointed Vinay Tonse as its new Managing Director. This move signals a measured leadership approach by its new promoter, Sumitomo Mitsui Bankin...

Govt defers restrictions on common directorships across insurers, banks

Most large life and general insurers in India are promoted by banks and have nominee directors drawn from their promoter banks' boards or senior management. ...

RBI's box-checking is old for new-age frauds, big shift on way for bank supervision

The Reserve Bank of India is considering a significant overhaul of its lender supervision, moving beyond traditional ratio analysis to a deeper examination o...

RBI approves Vinay Muralidhar Tonse’s appointment as MD and CEO of Yes Bank

The Reserve Bank of India has approved Vinay Muralidhar Tonse as the new Managing Director and CEO of Yes Bank for a three-year term. Tonse, formerly MD of R...

Banks look to get export credit lines ready as US lowers tariff

Banks are poised to reopen credit lines for Indian export sectors following the US's reduction of import tariffs to 18%. This move is expected to quickly rev...

A big-bank move is in the works. What it means for India

India is set to boost foreign investment in its state-owned banks. The government plans to raise the foreign direct investment limit to 49 percent. This move...

Bharti AXA Life Insurance, Equitas Small Finance Bank ink pact

Bharti AXA Life Insurance has partnered with Equitas Small Finance Bank. This collaboration aims to expand life insurance access. Equitas Small Finance Bank'...

Assets growth of affordable housing finance firms to moderate in FY26: Report

Affordable housing financiers will see slower growth in their managed assets. This growth is expected to be around 21 percent in fiscal year 2026. Loan again...

PhonePe’s IPO gamble: Can UPI dominance finally pay off?

Fintech giant PhonePe is preparing for its public listing. Its massive scale in UPI payments is a key strength. The company is now focused on expanding into ...

Former SBI Chief Dinesh Kumar Khara joins Truhome Finance

Truhome Finance has appointed former SBI Chairman Dinesh Kumar Khara as its new chairperson for a five-year term. Khara, instrumental in SBI's major mergers,...

Piramal Finance Retail CEO to lead IndusInd Bank's consumer business

Jagdeep Mallareddy, currently CEO of retail lending at Piramal Finance, is set to join IndusInd Bank to lead its consumer finance business. This strategic hi...

Bank Holidays : ফেব্রুয়ারিতে ৯ দিন বন্ধ থাকবে ব্যাঙ্ক, এই ৪ পরিষেবা পাবেন না, দেখে নিন সম্পূর্ণ ছুটির তালিকা

Bank Holidays February 2026 : ফেব্রুয়ারিতে ব্যাঙ্ক সংক্রান্ত কোনও জরুরি কাজ থাকলে এখনই পরিকল্পনা সেরে ফেলুন। রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়ার (RBI) ক্যালেন্ডার ...

Need for inclusive credit strategies for unbanked population: DFS secretary to banks

New initiatives aim to boost credit access for the unbanked. The BAANKNET app and Digital Balance Confirmation Platform were launched to streamline property ...

Budget focusses on investment as tool for growth; deficit target outlines government’s priority, says Sitharaman

Union Finance Minister also said the volatility in gold prices is due to global uncertainty, and many central banks are investing in gold.

Govt in talks to allow Alipay+ link to its instant payment systems: Report

The talks between Indian government and central bank officials and Singapore-based Ant International, which was founded by China's fintech giant Ant Group

Rupee rises 42 paise to close at 91.51 against U.S. dollar

Forex traders said the Reserve Bank of India (RBI) seemed to be defending the 92 per dollar level with a lot of resolve

Stock Market Close: Sensex swings 1,345 pts intraday, ends 944 pts higher; Nifty tops 25,050

Sensex Today | Stock Market LIVE Updates, February 2, 2026: Fag-end buying was led by Reliance Industries, Adani Ports, BEL, L&T, M&M, ICICI Bank, and HDFC B...

India govt, central bank in talks with Alipay+ to integrate its instant payment systems, sources say

India is in discussions with Ant International to integrate its instant payment system, UPI, with Alipay+ for seamless cross-border transactions. This initia...

India may raise foreign investment cap in state-run banks to 49%

The Indian government is actively conducting inter-ministerial discussions to increase the foreign direct investment (FDI) ceiling in state-owned banks from ...

NSE IPO: Temasek, LIC said to plan share sales in Rs 23,000 crore issue

Temasek Holdings and Life Insurance Corporation of India are poised to be major sellers in the National Stock Exchange of India's potential $2.5 billion IPO....

High-level panel to review bank ownership and consolidation for Viksit Bharat

A new committee will review India's banking sector. It aims to create fewer, larger banks. This will help fund big projects for India's growth. The panel wil...

View: Beyond basics, clear and present prudence anchors the Budget

The Union Budget emphasizes fiscal discipline and growth. It supports ease of doing business and living, boosting employment. Key initiatives target sunrise ...

Woman claims ₹42,000 credit card fraud, says bank declined liability despite quick report

A woman’s account of an alleged credit card fraud has gone viral on social media after she claimed ₹42,000 was debited from her father’s card despite the iss...

Banking for 2047: Sitharaman proposes high-level committee to review sector under Viksit Bharat

Union Budget 2026: India's banking sector is strong with improved balance sheets and high profits. Finance Minister Nirmala Sitharaman announced a high-level...

16 equity mutual funds deliver over 20% return since last budget. Do you own any in your portfolio?

Equity mutual funds have shown strong performance since the last budget on February 1, 2025. Approximately 16 funds delivered over 20% returns. Sectoral and ...

IDFC First Bank Q3FY26 results: Net profit rises 48% to ₹503 crore

The private sector lender had earned a net profit of Rs 339 crore in the same quarter a year ago

SBI launches CoE for growth sectors, DFS asks govt banks to focus on 2-3 sunrise sectors each

SBI launched 'Chakra', a center of excellence to finance sunrise sectors like data centers and renewable energy, estimating a Rs 22 lakh crore debt requireme...

'Our heads bow down in shame': Shehbaz Sharif says he feels ashamed for ‘begging’ money for Pakistan

Sharif’s candid admission regarding the 'humiliation' of borrowing underscores the country's persistent financial volatility and its reliance on global credi...

PSU banks must prioritise different sectors to avoid concentration risk

Public sector banks are urged to focus on champion sectors like electric mobility and advanced batteries to support national priorities. This strategic expan...

SBI chairman calls for level playing tax field for bank deposits, says equities don’t need tax favours anymore

SBI Chairman CS Setty has advocated for equal tax treatment for bank deposits and equity investments. He believes the equity market has matured, warranting a...

SBI chairman calls for level playing tax field for bank deposits, says equities don’t need tax favours anymore

SBI Chairman CS Setty advocates for equal tax treatment for bank deposits and equity investments. He believes the equity market has matured, warranting an en...

SBI launches new initiative to assess, finance new age sectors

State Bank of India is launching a new initiative to fund eight key sunrise sectors. These sectors include renewable energy, electric mobility, and semicondu...

Ahead of Budget, SBI chief calls for taxation parity between bank deposits, equity bets

SBI chairman C S Setty calls for equal tax treatment on returns from equity investments and bank deposits. He believes this will create a level playing field...

How central banks’ turning away from U.S. dollar is affecting gold prices

Central banks, particularly in emerging markets, are boosting their gold reserves, pushing bullion prices to new highs

UN faces ‘imminent financial collapse’ as unpaid dues touch ‘record’ billion dollars; is Trump responsible?

United Nations Secretary-General Antonio Guterres cautioned that the world body is heading towards an “imminent financial collapse.”

Bank Holiday February : বাজেটের আগে আজ ব্যাঙ্ক বন্ধ ? ফেব্রুয়ারিতে এই দিনগুলিতে থাকবে ছুটি

Bank Holiday : আজ ৩১ জানুয়ারি, ২০২৬, শনিবার। মাসের শেষ দিনে ব্যাঙ্কের কাজ মেটানোর পরিকল্পনা থাকলে আপনার জন্য রয়েছে জরুরি খবর। আজকের দিনটি সপ্তাহের পঞ্চম শনি...

Budget 2026 : মধ্যবিত্ত পাবে আরও কর ছাড়ের সুবিধা ? স্ট্যান্ডার্ড ডিডাকশনের সীমা বাড়বে ? বাজেট থেকে কী কী প্রত্যাশা আমাদের ?

Union Budget 2026 : কোন পথে আরও একটু সঞ্চয়ের (Savings) মুখ দেখবে মধ্যবিত্ত (Middle Class) ? বাজেট ২০২৬ নিয়ে সাধারণ মানুষের প্রত্যাশা আকাশছোঁয়া। মধ্যবিত্তের ...

IDBI Bank bidders have a post-Budget deadline

Companies bidding on a recent opportunity must submit an unconditional offer, according to bid documents. Any conditions attached to an offer will make it in...

RRBs told to expand agri & MSME loans

In a bold stride towards economic empowerment, Regional Rural Banks are ramping up their financial support for agriculture and small enterprises. This initia...

World Bank to offer $8-10b annually for 5 years to fuel India's growth, jobs

In an ambitious move, the World Bank Group has committed to funneling $8-10 billion each year into India over the next five years. This groundbreaking partne...

Gold loans grow fastest among all major bank credit segments: RBI

Gold loans experienced the fastest growth, surging 128% year-on-year to Rs 3.83 lakh crore. Priority housing loans also saw significant expansion, rising 37%...

Government sets February 5 deadline for financial bids for IDBI, sources say

India's government has set a February 5 deadline for financial bids to divest a majority stake in IDBI Bank, marking a significant step in the privatization ...

December data signals early transmission of RBI easing

RBI rate cut: This is the first data point reflecting the 25-basis point repo rate cut announced by the Reserve Bank of India in December 2025, following cum...

Bank of Baroda Q3 net profit grows 4.5% to ₹5,055 crore