General Insurance Rebounds with 9.3% Growth in FY26
The general insurance industry accelerated to 9.3% premium growth in FY26, driven by private insurers and strong demand for health cover, with stand-alone health insurance surging 19.4%.
Category : Banking
Ahmedabad Fraud: Rs 1.07 Crore Embezzled in Fake Stock Scheme
A major financial fraud has been uncovered in Ahmedabad where over Rs 1 crore was allegedly embezzled through a fake stock market investment scheme. Investors were convinced to take loans against mutual funds, with promises of high returns.
RBI Proposes Safety 'Friction' for High-Value Digital Payments
The RBI discussion paper suggests introducing delays for transactions above Rs 10,000 to allow fraud cancellation, whitelisting trusted payees, and extra protections for seniors with a 'kill switch' option.
Bank Manager Accused of Rs 3.9 Crore Fraud in Ludhiana
Police in Ludhiana have registered a case against a bank branch manager for allegedly embezzling Rs 3.9 crore by sanctioning 22 fictitious loans under agriculture and Pradhan Mantri Mudra Yojana schemes.
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Punjab Minister Warns Banks Over Pension Delays
Punjab Finance Minister Harpal Singh Cheema has directed banks to clear pension processing delays and fix issues in the Pensioner Sewa Portal, linking future reimbursements to their performance.
Kolhapur Bank Raises Ladki Bahin Loan Limit to Rs 50,000
Kolhapur District Central Cooperative Bank increases loan limit for Ladki Bahin beneficiaries from Rs 30,000 to Rs 50,000 to support women entrepreneurs. Over 16,000 women have benefited, with lower interest rates and insurance options available.
CBI FIR in Rs 550 Crore IDFC Bank Embezzlement Case
The Central Bureau of Investigation has registered an FIR in a major embezzlement case involving Rs 550 crore at IDFC Bank, marking a significant financial fraud investigation.
RBI's Rs 34,000 Crore Underwriting Auction for Govt Securities
The Reserve Bank of India has launched a Rs 34,000 crore underwriting auction for government securities, aimed at managing liquidity and supporting the government's borrowing program effectively.
Jamie Dimon's Success Formula: Compare to Best, Work Hard
JP Morgan CEO Jamie Dimon shares a powerful quote on success: compare yourself to the best in your field and acknowledge hard work as essential. Learn how this advice applies across industries.
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Bajaj General Insurance's #InsuranceKaAssurance Motor Campaign
Bajaj General Insurance introduces #InsuranceKaAssurance, a new initiative promoting motor insurance plans with a focus on security and care for every journey.
TCS Q4 Results: Final Dividend Rs 31, PAT Up 1.35%
Tata Consultancy Services (TCS) announced its Q4 FY2026 results, reporting a modest 1.35% rise in profit after tax and declaring a final dividend of Rs 31 per share.
Gold, Silver Prices Fall Sharply in Chennai, Delhi, Mumbai
Gold and silver prices experienced a significant drop on April 9, with 24-carat and 22-carat gold rates falling in Chennai, Delhi, and Mumbai. COMEX gold and silver also declined amid USD price movements.
Visa Launches AI Shopping Solutions for Global Businesses
Visa introduces AI-driven shopping tools to help businesses personalize offers, reduce fraud, and boost sales worldwide, enhancing customer experience.
Rupee Falls 16 Paise to 92.70 vs USD in Early Trade
The Indian rupee depreciated by 16 paise to 92.70 against the US dollar in early trade on Thursday, following a previous day's gain of 47 paise. This movement reflects ongoing volatility in forex markets amid global economic developments.
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NBFCs Drive India's Securitisation Market to Record High in FY26
India's securitisation market has soared to an unprecedented Rs 2.55 lakh crore in fiscal year 2026, driven primarily by Non-Banking Financial Companies (NBFCs). This growth reflects robust credit demand and innovative financial structuring.
BNP Paribas: Amazon's AI Spending Overdone Concerns, 50% Upside
BNP Paribas maintains an 'Outperform' rating on Amazon, arguing AI investment fears are overblown. Analyst highlights backlog-to-capex ratio and productivity gains, predicting 50% stock upside.
Panchkula MC's Rs 145-Crore Fraud: Bank Official Surrenders
Pushpender Chaudhary, deputy VP of Kotak Mahindra Bank, surrenders in Panchkula's Rs 145-crore fixed deposit fraud case. Six suspects now in custody as ACB plans confrontational interrogation.
RBI Keeps Policy Rate Unchanged at 5.25%, Eyes Global Risks
The Reserve Bank of India's Monetary Policy Committee unanimously maintained the policy rate at 5.25% for the second meeting, citing global volatility from West Asia conflicts and oil price concerns while forecasting 6.9% GDP growth.
Washerman Gets IT Notice for Rs 598 Crore Diamond Deals
The Income Tax Department has issued notices to a roadside washerman in Ajmer and his bank manager over unexplained transactions worth Rs 598 crore linked to diamond trading. The washerman claims ignorance and has filed a police complaint.
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RBI Keeps Repo Rate Unchanged at 5.25% (09.04.2026)
The Reserve Bank of India's Monetary Policy Committee maintains the repo rate at 5.25% for the seventh consecutive time, focusing on inflation control while supporting economic growth.
GIFT City Fund Management Booms: Capital Hits $32.13B
GIFT City's fund management ecosystem has grown rapidly, with capital commitments surging from under $0.5B in 2020 to $32.13B by 2025, driven by increased domestic and global investor participation.
PNB Officials Charged in 15-Year-Old Rs 5 Crore Loan Fraud
A special CBI court has framed charges against three Punjab National Bank officials for cheating and fraud in a 2011 loan case involving over Rs 5 crore, highlighting lapses in due diligence and criminal conspiracy.
Reliance Insurance Ordered to Pay Rs 46,210 Claim in Noida
The Noida consumer commission has directed Reliance General Insurance Health Care to pay a policyholder Rs 46,210 for a rejected mediclaim, plus interest and compensation, citing false grounds for denial.
RBI Keeps Repo Rate Unchanged at 5.25% (09.04.2026)
The Reserve Bank of India's Monetary Policy Committee has decided to maintain the repo rate at 5.25% for the fourth consecutive time, focusing on inflation control and economic stability.
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Mumbai Broker Arrested for Rs 13 Crore Unlisted Shares Fraud
Mumbai's Economic Offences Wing arrested a 21-year-old share broker for allegedly cheating another broker of over Rs 13 crore in an unlisted shares transaction. The accused took Rs 25 crore but failed to deliver shares.
Rupee Jumps 52 Paise to Close at 92.54 vs Dollar
The Indian rupee strengthened significantly by 52 paise against the US dollar, closing at 92.54. This surge is attributed to positive domestic economic indicators and a weaker dollar globally.
PFRDA Launches NPS Swasthya Phase 2 for Healthcare Funding
Pension regulator PFRDA has initiated the second proof of concept for NPS Swasthya, a framework integrating retirement savings with healthcare expenses. The multi-partner initiative allows subscribers to access up to 25% of contributions for medical costs
Rupee Gains 52 Paise to 92.54 vs Dollar on Iran Ceasefire
The Indian rupee appreciated 52 paise to close at 92.54 against the US dollar on Wednesday, boosted by easing geopolitical tensions after the US-Iran ceasefire and the RBI's decision to maintain policy rates unchanged.
Rupee Depreciation Worst May Be Over, HDFC Securities Says
HDFC Securities suggests the Indian rupee's sharp depreciation may have peaked, commending the RBI's balanced strategy in managing currency volatility and economic stability.
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PFRDA Launches NPS Swasthya Pension Scheme for Healthcare
The Pension Fund Regulatory and Development Authority (PFRDA) has launched the NPS Swasthya scheme in Bengaluru, integrating healthcare funding with retirement planning to benefit customers through regulatory collaboration.
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