PSU Bank Stocks Surge 4% Amid Merger Strategy Reports
Shares of Central Bank, UCO Bank, Punjab & Sind Bank jumped up to 4% as Finance Ministry drafts consolidation roadmap for public sector banks. Expected announcement in April-May.
Category : Banking
Nomura Investigates India Fixed-Income Business
Nomura Holdings investigates potential profit inflation in its India fixed-income business. The probe focuses on Strips valuation practices in India's $1.3 trillion sovereign debt market. Read details.
Rupee under pressure, RBI defends 88.80 level
Indian rupee opens week under pressure from weak Asian peers, but RBI intervention limits losses. USD/INR trades in narrow 20 paise range. Key US economic data awaited for Fed rate clues.
SBI Chairman Backs New Wave of Bank Mergers in India
SBI Chairman Dinesh Khara supports further bank consolidation in India, citing improved efficiency and stronger balance sheets. Learn how this could reshape banking.
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India Revives Insurance Merger Plan for 3 Weak PSUs
Indian government reconsidering merger of National, Oriental & United India Insurance. Plan aims to strengthen sector, limit fiscal exposure amid profitability improvements. Key details inside.
ED Freezes 110 Mule Bank Accounts, Seizes ₹70 Lakh
Enforcement Directorate cracks down on financial fraud, freezing 110 mule accounts and seizing ₹70 lakh. Major blow to money laundering networks operating across India.
Jharkhand Bank NPAs Cross ₹8,000 Crore Mark
Jharkhand's bank NPAs surge to ₹8,308 crore despite percentage decline. UCO Bank worst performer at 17.10% NPA. Banks seek government help for recovery amid 48,824 pending cases.
IBPS RRB Prelims Hall Ticket 2025 Out for Scale 1
IBPS has released the RRB Prelims admit card 2025 for Scale 1. Download your hall ticket from ibps.in. Exam expected Nov-Dec 2025. Check eligibility and steps here.
EPFO: Submit Life Certificate by Nov 30 or Pension Stops
Over 6.8 million Indian pensioners must submit their Jeevan Pramaan Patra by November 30, 2025. Learn how to submit Digital Life Certificate online and avoid pension disruption.
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World Bank, IMF Find Regulatory Gaps in India Finance
World Bank-IMF report reveals critical regulatory gaps in India's financial sector, highlighting limited RBI powers and differential treatment of public vs private institutions.
Gen Z Finds Cash 'Cringe' But It's Not Dead Yet
A new survey reveals 53% of Gen Z uses cash only as a last resort. Explore why paper money survives despite the digital payment boom and its crucial role in the economy.
SC to Rule on Telecom Spectrum Ownership in Bankruptcy
Supreme Court's upcoming decision will determine if telecom spectrum can be liquidated under IBC for lenders to recover dues from bankrupt telcos like Aircel and RCom. Read full analysis.
Rs 85 Crore Unclaimed Deposits Moved to RBI in Chandigarh
Chandigarh transfers Rs 85 crore from inoperative accounts to RBI's DEAF account. Learn about unclaimed deposits and how to reclaim your money.
SBI Clerk Mains Hall Tickets 2025 Out: Download Now
SBI Clerk Mains admit cards 2025 are available at sbi.co.in. Exam scheduled for November 21 for 5180 Junior Associate vacancies. Download your hall ticket using application details.
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Bank Holiday: Banks Closed Nov 22-23, No More Holidays
Banks across India will remain closed on November 22-23 for weekly holidays. Check which banking services remain available during closures and upcoming holiday schedule.
Small Urban Cooperative Banks Seek Digital Services Access
NUCFDC plans to request RBI permission for smaller urban cooperative banks with net worth below ₹50 crore to offer digital banking services, aiming to boost financial inclusion.
India's Banking Debate: Bigger vs Better Banks
As global turbulence intensifies, India faces critical banking choices between consolidation and strengthening. Expert TCA Ranganathan analyzes cyber threats, digital fraud, and climate risks shaping India's financial future.
BNP Paribas Challenges $20.75M Sudan Verdict
BNP Paribas seeks to overturn $20.75 million verdict favoring Sudanese refugees, arguing Swiss law doesn't support claims. Bank calls damages excessive amid appeal plans.
6 convicted in Rs 8 crore Surat textile loan fraud case
A CBI court in Ahmedabad convicts six individuals from a Surat textile firm for a Rs 8.48 crore loan fraud with Bank of Baroda, sentencing them to 3 years in jail. Read the full details.
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MFIs Need to Rebuild Trust for Growth: Study
PwC and Sa-Dhan study reveals microfinance institutions must rebuild credibility through financial literacy and ethical practices to achieve sustainable growth in India.
SBI Chandigarh DLC Camp Helps 200+ Pensioners
State Bank of India's Chandigarh circle organized a special camp where more than 200 pensioners successfully submitted digital life certificates. Learn how this initiative is transforming pension services.
India's Forex reserves fall $2.7 bn to $687 bn
India's foreign exchange reserves declined by $2.7 billion to $687 billion, driven by falling foreign currency assets and gold prices. Get the complete breakdown of the weekly reserve data.
ITC Infotech Partners with NAM India for Tech Transformation
ITC Infotech wins multi-year contract to drive NAM India's digital transformation, managing core tech operations and establishing dedicated Offshore Development Center in Mumbai.
India's Forex Reserves Fall for Third Consecutive Week
India's foreign exchange reserves declined by $2.699 billion to $687.034 billion for the week ended November 7, marking the third straight weekly drop. Discover the key factors behind this trend.
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Crypto and retail firms rush to become banks under Trump
Ripple, Coinbase, and Walmart are seeking bank charters as Trump-era regulators welcome new players. Explore the risks and opportunities for India's fintech sector.
IBPS Clerk Prelims Result 2025 Expected in November
IBPS Clerk Prelims Result 2025 for 13,533 vacancies is expected soon on ibps.in. Check steps to download your scorecard and details about the Mains exam.
Kotak Bank Plans First Stock Split in 15 Years
Kotak Mahindra Bank announces board meeting to consider stock split proposal, marking first such move since 2009. Decision could make shares more affordable for retail investors.
Bihar Banks Open for Election Results Today
All banks in Bihar remain operational today, November 14, for assembly election results declaration. Online banking services available nationwide. Check banking schedule details.
US House Probes Morgan Stanley Over Chinese Gold IPO
Morgan Stanley faces Republican scrutiny over due diligence in $3.7B Zijin Gold IPO. US committee questions ties to blacklisted Chinese parent company. Read the full investigation details.
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Insurance firm to pay ₹54 lakh compensation in Chandigarh
United India Insurance ordered to pay ₹54 lakh compensation to Chandigarh family for claim denial. Consumer Commission rules in favor of policyholder's heirs. #InsuranceClaim #ConsumerRights
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