Rohit Jain Appointed RBI Deputy Governor for Three Years
The Appointments Committee of the Cabinet has approved Rohit Jain, an RBI executive director, as deputy governor for three years from May 3, 2026. He replaces T Rabi Sankar.
Category : Banking
Kotak Mahindra Eyes Deutsche Retail, Exits IDBI Race
Kotak Mahindra Bank confirms evaluating Deutsche Bank's retail business while ruling out IDBI Bank acquisition due to high valuation, calling it 'difficult to swallow'. The bank reported 13.4% profit growth.
Businessman Honeytrapped, Assaulted, Extorted Rs 1 Lakh
A 29-year-old businessman from Dhoraji was honeytrapped, assaulted, filmed nude, and extorted Rs 1 lakh by a gang threatening to file a false rape case and circulate the video.
SGCCI Elections: Low Turnout, Sahkar Panel Wins All Seats
Southern Gujarat Chamber of Commerce and Industry elections recorded only 15.88% voter turnout. Sahkar panel won all 44 seats with Chirag Desai securing highest votes.
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Gold Loan Fraud at Jalna Bank: Rs 96.4 Lakh Scam
A major gold loan fraud at Jalna Merchant Co-operative Bank's Ambad branch saw pledged ornaments replaced with fake jewellery, siphoning off gold worth Rs 96.4 lakh. Police have registered a case against the branch manager and staff.
Three drown in dam on Labour Day outing in Chhatrapati Sambhajinagar
Three men drowned in a dam in Chhatrapati Sambhajinagar on Labour Day after misjudging water depth. The victims, aged 25-30, were employees from Waluj MIDC. Locals allege illegal excavation created hazardous silt-filled pits.
Goa Natural Gas asks housing colonies to shift to PNG in 90 days
Goa Natural Gas Pvt Ltd has sent letters to housing colonies in Tiswadi, urging residents to switch to piped natural gas within 90 days or face withdrawal of LPG cylinder supply.
Punjab Records Highest GST Collections in April
Punjab achieved its highest-ever monthly GST revenue of Rs 3,200 crore in April 2025, marking a 13% year-on-year growth. Finance Minister Harpal Singh Cheema credited the state's robust economic policies and improved tax compliance.
Delhi Court Dismisses Bail Plea of Al-Falah University Chairman
A Delhi court dismissed the bail plea of Al-Falah University chairman Jawad Ahmad Siddiqui in a money laundering case, citing grave allegations and prima facie evidence of generating and laundering proceeds of crime amounting to Rs 493.24 crore.
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100% FDI in Insurance Notified: Impact on LIC and Consumers
India notifies 100% FDI in insurance, allowing foreign ownership. This move aims to boost capital, competition, and coverage, benefiting LIC and consumers with better products and services.
GVMC collects Rs 230 crore in property taxes in April
GVMC collected Rs 230 crore in property and vacant land taxes in April, a 50% increase from Rs 164 crore last year, driven by a 5% rebate and interest waiver.
India Notifies 100% FDI in Insurance Companies
The Indian government has notified 100% foreign direct investment in insurance companies, allowing overseas investors full ownership under new regulations aimed at boosting the sector.
Axis Bank Opens First Digital Locker Branch in Delhi
Axis Bank launches India's first digital locker-focused branch in Delhi, catering to rising urban demand for secure safe deposit lockers with advanced technology.
Rohit Jain Appointed as RBI Deputy Governor
Rohit Jain has been appointed as the Deputy Governor of the Reserve Bank of India, bringing extensive experience in banking and finance to the central bank's leadership.
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Rohit Jain Appointed as RBI Deputy Governor: Key Facts
The government appoints Rohit Jain as RBI Deputy Governor. Learn about his background, experience, and role in shaping monetary policy.
Fraud Case Filed Against Private School in Mysuru
A private institution in Mysuru faces a FIR for alleged fraud, misappropriation of funds, and criminal conspiracy involving three individuals.
Odisha Skeleton Episode: Patnaik Seeks Humane Banking
Odisha CM Naveen Patnaik urges Finance Minister Nirmala Sitharaman for humane banking practices after skeletal remains found near bank branch, highlighting loan recovery pressure.
Two Arrested for Siphoning Diesel from Tanker in Mangaluru
Two individuals were arrested in Mangaluru for illegally siphoning diesel from a parked tanker. The accused used sophisticated equipment to extract fuel, causing significant loss to the company.
Unsynthetic Sleep: Customise Your Mattress for Better Rest
Discover how customising your mattress with natural materials can improve sleep quality. Learn about eco-friendly options and personalised comfort.
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JPMorgan CEO Warns Private Credit Market Faces Severe Risks
JPMorgan CEO Jamie Dimon cautions that the booming private credit market could face sharper challenges than expected when the next credit cycle hits, citing uneven standards and over 1,000 firms.
InGovern: RBI Must Reject Tata Sons' Licence Surrender
InGovern Research calls on RBI to reject Tata Sons' application to surrender its financial licence, arguing it's a move to avoid mandatory listing. It warns of oversight gaps for systemic entities like TCS.
Bank Credit Growth in FY26 Led by Services and Retail
Non-food bank credit expanded by Rs 29.2 lakh crore in FY26, driven by services and retail lending. NBFCs, housing, and gold loans led growth, with services and personal loans accounting for over two-thirds of the total increase.
RBI Governor Urges Indian Banks to Go Global as Market-Makers
RBI Governor Sanjay Malhotra urged Indian banks to become global market-makers to shift rupee price discovery onshore, addressing offshore NDF market influence.
FPI net selling in India surpasses record $20.6B in 2026
Foreign portfolio investors net sold over $20.6 billion in Indian stocks in just four months of 2026, surpassing the previous annual record of $18.9 billion in 2025, driven by war, oil prices, and rupee weakness.
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GST collections hit all-time high of Rs 2.42 lakh crore in April
India's GST collections rose 8.7% to a record Rs 2.42 lakh crore in April, driven by a 26% surge in import-linked mop-up, while domestic growth slowed to 4.3%.
IT Dept Probes Rs 3,500 Crore Andhra Liquor Scam
The Income Tax Department has launched a probe into the Andhra Pradesh liquor scam, suspecting Rs 2,000 crore in unaccounted cash. Overall scam value is estimated at Rs 3,500 crore.
Scooter Stolen During Relocation Resurfaces After Traffic Challan
A Bengaluru man's scooter, stolen during relocation to Patna in 2023, was traced via a traffic challan. Police probe fraud by fake logistics firm.
Indian-American Financier Quits Amid Sex Slave Lawsuit
Chirayu Rana, the Indian-American financier who accused a JPMorgan executive of keeping him as a sex slave, has quietly left his job at Bregal Sagemount just weeks before filing the lawsuit.
Gujarat GST Collections Surge 44% to Record Rs 9,916 Crore
Gujarat's GST revenue rose 44% year-on-year to Rs 9,916 crore in April 2026, the highest monthly collection since GST implementation. Total tax revenue including VAT and electricity tax reached Rs 13,703 crore.
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Punjab Sets Record with Highest GST Collection in April 2026
Punjab recorded its highest-ever monthly GST collection of Rs 2,987.3 crore in April 2026, leading the country with 70.70% year-on-year net growth.
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