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Category : Banking

Mahindra & Mahindra Makes Strategic Exit: Sells Entire ₹6.78 Billion Stake in RBL Bank

Mahindra Sells Entire RBL Bank Stake Worth ₹6.78B

Indian automotive giant Mahindra & Mahindra has completely exited its investment in RBL Bank, selling shares worth approximately ₹6.78 billion. This major financial move signals strategic portfolio repositioning.

Piramal Finance Attracts Major Foreign Investment from Abu Dhabi's IHC & Samman Capital

Piramal Finance Gets Abu Dhabi Investment Boost

Jairam Sridharan-led Piramal Finance secures strategic foreign investment from Abu Dhabi's International Holding Company and Samman Capital, signaling strong global confidence in India's NBFC sector.

GST Cut Turbocharges Car Loans While Commercial Vehicles Lag Behind | India Auto Sector Analysis

Car Loans Surge, Commercial Vehicles Lag in India

India's auto loan sector shows a surprising split: passenger vehicle financing accelerates post-GST cuts while commercial vehicle loans remain stuck in neutral. Discover the economic drivers behind this divergence.

Indian PSU Banks Soar: Record ₹49,456 Crore Profit in Q2 Signals Strong Recovery

PSU Banks Record ₹49,456 Cr Profit in Q2

India's public sector banks achieve historic quarterly profits with 9% growth, driven by reduced bad loans and improved interest income. Discover how state-owned lenders are transforming their financial landscape.

Cashless Revolution: Which Country Just Became the World's First Fully Digital Economy?

World's First Cashless Society Revealed

Discover how one nation has completely eliminated physical currency, creating a revolutionary digital payment ecosystem that's transforming daily life and economy.

RBI's Higher Dividend to Offset GST Revenue Loss in FY26: CAREEdge Report Analysis

RBI Dividend to Offset GST Revenue Loss: Report

New analysis reveals RBI's increased dividend payout could compensate for potential revenue shortfalls from GST rationalization in the upcoming fiscal year, providing fiscal cushion for government.

Festive Boom Pushes Credit-to-Deposit Ratio Past 80% in October: CAREEdge Report

Credit-Deposit Ratio Breaches 80% in Festive October

India's banking sector witnesses robust credit growth as festive demand drives loan disbursements, pushing the credit-deposit ratio beyond 80% for the first time in recent history, according to CAREEdge Ratings analysis.

Karnataka High Court Deals Major Blow to Banks: No Interest on Recovered Vijay Mallya Funds

Court: No Interest on Recovered Mallya Funds

In a landmark judgment, Karnataka High Court rules banks cannot charge interest on already recovered amounts from Vijay Mallya's defunct Kingfisher Airlines, setting a crucial precedent for banking recovery practices.

Karnataka Farmer's Land Sold by Bank Without Knowledge - A Shocking Legal Loophole Exposed

Karnataka farmer's land sold by bank without knowledge

In a startling case from Karnataka's Koppal district, a farmer discovers his mortgaged agricultural land was auctioned by a bank without his knowledge, raising serious questions about banking transparency and farmer rights.

ED Cracks Down on Mumbai IPO Fund Scam: Multi-Crore Fraud Uncovered in Raids

ED Raids Mumbai Over IPO Fund Fraud Scam

Enforcement Directorate conducts sweeping searches across Mumbai locations in major crackdown on alleged ₹30 crore IPO fund diversion scam. Key suspects under scanner for money laundering activities.

Indian Bank MD Binod Kumar Champions Jharkhand's Economic Boom & Customer Service Revolution

Indian Bank MD Backs Jharkhand's Economic Growth

Indian Bank's Managing Director Binod Kumar commits to accelerating Jharkhand's economic development through enhanced banking services, digital transformation, and robust credit support for key sectors.

Maharashtra Cabinet's ARC Dream Shattered: RBI Denies Crucial Licence

RBI rejects Maharashtra's asset reconstruction company licence

In a major setback for the Maharashtra government, the Reserve Bank of India has rejected the licence application for the state's proposed asset reconstruction company, dealing a blow to efforts aimed at tackling the massive ₹1 lakh crore stressed loans.

SBI Revolutionizes Banking: Single Window KYC & e-KYC via YONO App Set to Transform Customer Experience

SBI Launches Single Window KYC via YONO App

State Bank of India announces groundbreaking single window KYC system through YONO app, eliminating repetitive verification processes and enhancing digital banking convenience for millions of customers.

GST Rate Cut Sparks 27% Surge in Bajaj Finance Festive Loans - Here's Why

GST Cut Boosts Bajaj Finance Loans by 27%

Bajaj Finance reports massive 27% growth in festive loan disbursements following GST reduction on consumer goods. Discover how tax cuts are driving consumer spending this festive season.

SBI Clerk Prelims Results 2025 Declared! Check Your Selection Status & Next Steps

SBI Clerk Prelims 2025 Results Declared

State Bank of India has officially announced SBI Clerk Prelims 2025 results. Discover if you've qualified for mains, download scorecards, and learn crucial next steps for your banking career.

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