India Targets Jane Street Profits, Denies Treaty Benefits
Indian tax authorities recommend denying Jane Street Group LLC tax treaty benefits with Singapore and taxing its profits as capital gains amid SEBI's market manipulation allegations.
Category : Banking
SBI Q3 Profit Jumps 14% to ₹21,876 Crore
State Bank of India reported robust Q3 FY26 results with net profit increasing 14% year-on-year to ₹21,876 crore, showcasing strong financial performance.
PNB Apprentice Recruitment 2026: 5,138 Posts, Apply Online
Punjab National Bank announces 5,138 apprentice vacancies for 2026. Online registration opens February 8, 2026. Graduates aged 20-28 can apply by February 24, 2026.
South Korean Crypto Exchange Bithumb's $40 Billion Bitcoin Error
South Korean cryptocurrency exchange Bithumb accidentally transferred over $40 billion worth of Bitcoin to users during a promotion. The platform has recovered most tokens and will cover losses with its own assets.
Kotak Denies IDBI Bank Bid, Clarifies Divestment Position
Kotak Mahindra Bank has officially denied submitting a financial bid for IDBI Bank, refuting media reports. The government's 60.7% stake sale in the state-owned bank continues with other bidders in focus.
Crypto Winter Returns: Bitcoin's Decline Puzzles Bulls
Bitcoin and Ether suffer historic weekly declines, with Bitcoin dropping 16% to $70,008. Crypto's biggest advocates are mystified by the selloff, as no clear catalyst emerges for the market downturn.
Remittix (RTX) Gains Momentum: Which Exchange Lists First?
Remittix (RTX) is generating buzz with its 300% crypto bonus, leading to speculation on which crypto exchange will list it first post-presale. With BitMart and LBank confirmed, market watchers eye second-wave listings.
Remittix Gains PayFi Momentum with 300% Bonus
Remittix (RTX) is positioning itself in the PayFi sector with a 300% one-time bonus offer, live wallet availability, and a scheduled platform launch. The project has raised over $28.9 million and secured 93% of its token supply.
Crypto Crash Drives Investors to Structured Income Models
As crypto markets face sharp corrections, investors are exploring structured income strategies to reduce reliance on price volatility. This shift mirrors traditional finance, focusing on defined returns and diversification.
Gold Jumps 2% as Dollar Weakens and Fed Rate Cut Hopes Rise
Gold rates rebounded sharply on Friday, with MCX futures up over 2%, driven by a weaker US dollar, strong spot demand, and ongoing geopolitical uncertainties. Experts suggest buying on dips for a bright long-term outlook.
Bank Holiday Status for Saturday, 7 February
Banks across India are open on Saturday, 7 February, as it is the first Saturday of the month. The RBI calendar outlines the schedule for weekend banking operations nationwide.
RBI Maintains Status Quo, Conserves Policy Ammunition
The RBI kept interest rates unchanged in February 2026, citing improved growth from a US trade deal and benign inflation. GDP is projected at 7.2% for FY27, with liquidity and bond yields under watch.
Exide Industries Stock: Investment Pros and Cons Explored
Exide Industries, India's top lead-acid battery maker, faces a slowdown amid EV transition. This analysis covers its market dominance, Li-ion expansion, and growth challenges for investors.
IDBI Bank Privatization: Financial Bids Received, Fairfax in Race
The Indian government has received financial bids for the strategic disinvestment of IDBI Bank, marking a key step in its privatization. The sale of a 60.7% stake could fetch around Rs 33,000 crore, with a winner expected by March 2026.
RBI Plans Rs 25,000 Compensation for Digital Fraud Victims
The Reserve Bank of India proposes up to Rs 25,000 compensation for small-value digital frauds, covering 65% of cases under Rs 50,000, even if victims shared OTPs. New customer-centric guidelines aim to enhance financial security.
PFC and REC Boards Approve In-Principle Merger
The boards of Power Finance Corporation and Rural Electrification Corporation have approved in-principle their merger, creating a larger government-owned NBFC to fund India's power sector needs.
RBI Keeps Repo Rate Steady, Ups GDP and Inflation Outlook
The RBI's Monetary Policy Committee maintains the repo rate at 5.25% while revising FY26 GDP growth to 7.4% and CPI inflation to 2.1%, signaling a prolonged pause in rates amid strong economic momentum.
RBI Keeps Policy Rate Unchanged at 6.5%
The Reserve Bank of India's Monetary Policy Committee has maintained the repo rate at 6.5% for the eighth time in a row, focusing on inflation control amid economic growth.
RBI to Price Deposit Insurance by Bank Risk from 2026
The Reserve Bank of India will implement risk-based pricing for deposit insurance starting April 2026, rewarding financially strong banks with lower premiums while maintaining depositor protection at Rs 5 lakh per bank.
RBI Proposes Rs 25,000 Compensation for Digital Fraud Victims
The Reserve Bank of India plans to compensate customers for small-value digital frauds up to Rs 25,000, while tightening norms on mis-selling and loan recovery practices to enhance consumer protection.
CBI Arrests Fugitive Bank Manager in Bengaluru Over Fraud
The Central Bureau of Investigation has arrested an absconding bank manager from Bengaluru in connection with three bank fraud cases involving fictitious firms and misappropriated funds totaling approximately Rs 38.2 lakh.
RBI to Compensate Fraud Victims Up to Rs 25,000
The Reserve Bank of India (RBI) will introduce a framework to provide compensation of up to Rs 25,000 for victims of small-value fraudulent transactions, as announced by Deputy Governor Malhotra.
Congress Probes $500M UAE Crypto Deal, DeepSnitch AI Presale Rises
US Representative Ro Khanna launches investigation into $500M UAE crypto deal linked to Trump family. Amid regulatory uncertainty, DeepSnitch AI presale crosses $1.5M milestone while Ethereum and Dogecoin face market challenges.
Bitcoin Crashes to $60K, $2 Trillion Wiped Out in Crypto Market
Bitcoin plunged to its lowest level since October 2024, crashing to $60,000 as the cryptocurrency market lost $2 trillion overnight. Ethereum also tanked 13% in a single day amid massive leveraged position liquidations.
Sampre Nutritions Stock Rises 5% After Egypt Capex Update
Shares of small-cap confectionery maker Sampre Nutritions surged over 5% following news of its subsidiary's land purchase agreement in Egypt for industrial expansion, alongside strong Q2FY26 financial results.
RBI: PSL Issues Are Bank-Specific, Not System-Wide
The Reserve Bank of India clarifies that recent priority sector loan classification issues at top private banks are isolated cases, not systemic concerns, while announcing KCC scheme revisions.
NSE Q3 Profit Up 15% to Rs 2,408 Crore, Income Rises 6%
National Stock Exchange of India reports a 15% QoQ rise in Q3FY26 net profit to Rs 2,408 crore, with total income up 6% to Rs 4,395 crore, driven by higher trading volumes and cost efficiencies.
RBI Governor: Economy in Enhanced 'Goldilocks' Phase
RBI Governor Sanjay Malhotra states India's economy is in an even stronger 'Goldilocks period' with improved growth and controlled inflation, while indicating low policy rates will persist.
NSE Approves IPO, Forms Committee for Listing Process
The National Stock Exchange of India has formally approved its long-awaited IPO, with a 4-4.5% stake sale expected. It also announced a new coal exchange subsidiary and reported strong quarterly earnings.
Goldman Sachs Deploys Autonomous AI Agents Using Claude Model
Goldman Sachs has implemented fully autonomous AI agents to automate complex, process-intensive roles within the bank, powered by Anthropic's Claude model, as part of a multiyear AI reorganization.
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