Foreign banks exhibit strongest rate transmission: RBI Bulletin
Foreign banks have shown the strongest response to the Reserve Bank of India’s rate cuts in the current easing cycle, reducing both lending and deposit rates more aggressively than public and private sector banks, as per the RBI bulletin. In its monthly report released on Wednesday, the RBI stated that between February 2025 and May […]
Bandhan Bank’s Q1 profit up 35% on lower provisions, asset quality improves
Bandhan Bank on Tuesday posted a 35% year-on-year increase in net profit to ₹502 crore for the April–June quarter of FY27 (Q1FY27), supported by lower provisioning. However, on a quarter-on-quarter basis, profit declined by 6.1%. The bank’s net interest income (NII) grew 6% YoY to ₹2,921 crore during the quarter, even as loan growth remained […]
RBI proposes easier FDI compliance regime, seeks public comments
Here’s a simple, paraphrased version with changed wording: The Reserve Bank of India (RBI) on Tuesday proposed a new principle-based regulatory framework aimed at simplifying rules, aligning definitions, and making regulations clearer to reduce compliance requirements for foreign investors. The central bank released the draft Foreign Exchange Management (Foreign Investment) Rules, 2026 for public feedback, […]
No further dilution by SBI in SBI Funds Management
Here’s a clean paraphrased version with slightly changed wording: State Bank of India (SBI) has no immediate plans to reduce its stake further in its asset management arm, SBI Funds Management, following its stock market listing, Chairman C S Setty said on Tuesday. “At present, we are not looking at any additional stake sale. Any […]
Paytm Wallet comeback? One97 seeks RBI nod for fresh PPI licence
After losing its payments bank licence, One97 Communications is now moving ahead to rebuild Paytm’s digital payments business. The company has applied for a Prepaid Payment Instrument (PPI) licence from the Reserve Bank of India (RBI), which, if approved, will allow it to restart wallet services under its own entity. Why has Paytm applied for […]
118 Cops Injured, 70 Detained After CJP Protest Turns Violent In Delhi
Over 118 police personnel, including several senior officers, were injured and nearly 70 protesters were taken into custody on Monday after the Cockroach Janta Party’s (CJP) “Sansad Chalo” march turned violent in the New Delhi area, police officials said. In an official statement, Delhi Police shared these details and alleged that protesters showed “disruptive, hostile […]
Protests To Continue,” Says CJP After Meeting With JP Nadda
Huge chaos erupted at Delhi’s Jantar Mantar on Monday where the Cockroach Janta Party and its supporters gathered to begin its ‘Chalo Sansad’ protest march. As the crowd swelled, the protesters and Delhi police clashed with each other, with the cops resorting to ‘lathicharge’. Later, Union minister JP Nadda and CJP members Saurav Das and […]
IDBI employees’ forum opposes stake sale to Fairfax, seeks review
The United Forum of IDBI Officers & Employees has expressed “serious concern” over the Centre’s reported move to go ahead with the strategic disinvestment of its controlling stake in IDBI Bank in favour of Fairfax Financial Holdings, subject to necessary regulatory and statutory approvals. The forum has also called for a parliamentary review of the […]
RBI, FinMin likely to take up UAE curbs on Indian banks’ FCNR(B) mobilisation; l ..
Indian banks have approached the government for intervention after the Central Bank of the United Arab Emirates imposed restrictions impacting their ability to mobilise foreign currency deposits. The move has created hurdles for raising FCNR(B) deposits from NRIs in the UAE, which is a key market for such inflows. Reserve Bank of India and the […]
Pune’s elevated roads to use Malaysian tech, will need fewer pillars
Union Minister for Road Transport and Highways Nitin Gadkari announced that a Malaysian technology will be used to construct three key elevated road corridors in Pune district. Gadkari, along with Chief Minister Devendra Fadnavis and Deputy Chief Minister Sunetra Pawar, laid the foundation stone for the three corridors on Saturday — Pune-Shirur, Hadapsar-Yavat, and Talegaon-Chakan-Shikrapur. […]