Category : Banking


UCO Bank 2026 Recruitment: 173 Officer Posts

UCO Bank announces 2026 recruitment drive with 173 officer vacancies across specialist and generalist roles. Apply online by February 2, 2026, with salaries under 7th CPC pay scales.

Gold Prices Crash 6% on MCX, Hit Lower Circuit Limit

Gold prices tumbled sharply on Monday, extending losses for the third straight day on MCX. The yellow metal fell by 6%, losing nearly Rs 9,700 per 10 grams, while silver futures also declined significantly.

STT Hike to Shift Futures Traders to Options

Budget 2026's STT increase makes futures trading significantly costlier than options, prompting traders to shift strategies to maintain profitability in derivatives markets.

RBI Ends Rate Cuts, Faces Liquidity Challenge

With repo rate cuts totaling 125 bps likely concluded, RBI's MPC shifts focus to banking system liquidity. Growth at 7% and rebounding inflation create a complex monetary policy landscape requiring careful management.

Copper Prices Crash 18% from Peak on MCX, LME

Copper prices have tumbled nearly 5% on MCX to ₹1,169 and 4.2% on LME to $12,600/ton, marking an 18% drop from recent record highs. Analysts cite US Fed nomination, margin hikes, and weak physical demand as key factors behind the sharp correction.

SGBs Slump 10% on Capital Gains Tax Change

Sovereign Gold Bonds plunged up to 10% after Budget 2026 proposed removing capital gains tax exemption for secondary market purchases, raising fairness concerns among investors.

Silver ETFs Crash 40% in 3 Days Amid Metals Meltdown

Silver ETFs extended losses for third straight session, tumbling over 40% as historic precious metals slide intensified. Major funds like Kotak, ICICI, SBI, Axis, HDFC, Nippon India fell 19-20%. MCX silver crashed 15% to ₹2.25 lakh/kg, down 46% from peak.

Budget 2026: Tax Reforms for Individuals & Foreign Assets

Finance Minister Nirmala Sitharaman presented Union Budget 2026 with no changes to income tax rates but introduced significant reforms for taxpayers, including simplified filing, lower TCS, and a foreign asset disclosure scheme.

Budget 2026 Taxes Secondary Market Sovereign Gold Bonds

Finance Minister Nirmala Sitharaman's Budget 2026 imposes capital gains tax on Sovereign Gold Bonds not directly purchased from RBI, ending their tax-free status for secondary market investors while maintaining exemptions for original subscribers.

Gold, Silver Prices Fall for Third Straight Day

Gold prices in India have dropped by Rs 4,000 per 10 grams, while silver has crashed by Rs 16,000 per kg, marking the third consecutive day of significant declines in precious metal rates.

Bond Yields Hit 1-Year High: Impact on Stock Market

Indian government bond yields jumped to 6.78%, highest since January 2025, after budget revealed higher borrowing. Rising yields could pressure stocks through increased borrowing costs and limited RBI intervention.

RBI Office Attendant 2026: 572 Posts, Apply Online

RBI invites applications for 572 Office Attendant vacancies across regional offices. Class 10 pass candidates can apply online by February 4, 2026. Selection includes online test and language proficiency test.

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