Category : Banking


PFRDA's New Pension Products Aim to Beat Annuities

PFRDA is developing innovative post-retirement income products to surpass conventional annuities while maintaining double-digit returns under NPS. The regulator targets digital-first onboarding and wider informal sector coverage.

Uday Kotak Named Chairman of GIFT City, Replaces Hasmukh Adhia

Prominent banker Uday Kotak has been appointed as the chairman of Gujarat International Finance Tec-City Company Limited (GIFTCL) with immediate effect, taking over from Hasmukh Adhia. Kotak, founder of Kotak Mahindra Bank, brings extensive financial expe

RBI Sets Rs 500 Crore Net Worth for Acquisition Finance

RBI mandates Rs 500 crore minimum net worth for companies seeking acquisition financing, allowing unlisted firms with investment-grade ratings. New rules effective April 1, 2026, raise financing ceiling to 75% and ease eligibility criteria.

Silver Futures Jump Rs 5,465 to Rs 2,41,900/kg

Silver futures on the Multi Commodity Exchange (MCX) witnessed a significant rise of Rs 5,465, reaching Rs 2,41,900 per kilogram. This surge reflects strong market demand and global economic factors influencing precious metals trading in India.

45 Paise Insurance Yields ₹10 Lakh After 6-Year Fight

A man's decision to pay 45 paise for travel insurance while booking a train ticket in 2020 resulted in his family receiving ₹10 lakh compensation after his accidental death, following a lengthy legal battle with the insurance company.

Textile Stock Gains as 9-Month Profit Rises 3.4%

A leading textile company reports a 3.4% increase in profit for the first nine months of the fiscal year, with its quarterly results drawing significant market attention and investor interest.

Bharat Bandh Partially Hits Banks, Insurance Firms

The Bharat Bandh protest against four labour codes partially disrupted banks and government insurance companies, while most central government departments operated normally. SBI employees did not join the strike led by AIBEA.

Lucknow Bank Held Hostage Over Alleged Financial Scam

A mob of account holders besieged a bank branch at Dr Shakuntala Mishra National Rehabilitation University, alleging unauthorized withdrawals of crores of rupees. The protest lasted over six hours, with staff held captive until police intervention.

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