Category : Banking


PSBs Post Record Rs 52,603 Crore Profit in Q3 FY26

India's public sector banks achieved a record cumulative profit of Rs 52,603 crore in Q3 FY26, marking an 18% year-on-year increase. State Bank of India led the surge with a 24% profit rise, contributing 40% of total earnings.

Rupee Falls 9 Paise to 90.74 vs Dollar in Volatile Trade

The Indian rupee depreciated by 9 paise to close at 90.74 against the US dollar on February 9, 2026. Forex traders reported high volatility as positive domestic equities and foreign fund inflows were offset by investor risk-off sentiment.

Grover Jewells IPO Allotment Date Expected Today

The SME IPO of Grover Jewells Ltd concluded with strong demand. Investors await the allotment status, expected on February 9, with shares listing on NSE SME on February 11. Here's how to check your status.

AI Fears Trigger IT Stock Crash, Billions Wiped Out

Nifty IT index plunges 8% in three sessions, losing Rs 2.5 lakh crore as AI tools from Anthropic and Palantir threaten traditional outsourcing models. Analysts warn of up to 12% revenue hit over three to four years.

Silverline Tech Hits 10th Upper Circuit on AI Buzz

Silverline Technologies share price locked at 5% upper circuit for the tenth straight session, surging over 62% in ten days amid strong buying. The AI platform 'SilverAI' gains traction with 24,000 users in a week, targeting 5 lakh users and annual revenu

RBI Policy Disappoints Bond Markets, Yields Rise

The RBI's latest monetary policy kept rates unchanged as expected but disappointed bond investors by lacking fresh liquidity measures, causing yields to rise slightly. Experts advise caution in the near term but remain constructive on medium-to-long-term

India's Path to Homegrown Audit Giants Rivaling Big Four

India possesses abundant CA talent but lacks large domestic audit firms. Legislative changes, ICAI leadership, and access to capital and technology are crucial to realizing PM Modi's vision of Indian-origin global audit powerhouses.

Gold Prices Jump to Rs 1.57 Lakh on Safe-Haven Demand

Gold prices in India soared on Monday, reaching Rs 1.57 lakh per 10 grams, driven by a rebound in global markets, a weaker US dollar, and increased demand for safe-haven assets. Silver also surged nearly 5% to Rs 2.61 lakh per kilogram.

Silver & Gold ETFs Surge After Sharp Correction

Silver and gold ETFs staged a strong recovery on February 9, with silver funds surging up to 12% and gold ETFs rising up to 5%, driven by a softer US dollar and renewed investor appetite.

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