Rupee Falls 31 Paise to 93.75 vs US Dollar in Early Trade
The Indian rupee depreciated by 31 paise to 93.75 against the US dollar in early trade, driven by strong American currency demand and elevated crude oil prices.
Category : Banking
HCLTech Q4 Results: Rs 24 Interim Dividend Announced
HCL Technologies has declared an interim dividend of Rs 24 per share following its Q4 results. The company has set a record date for eligibility and payment details. Check full details here.
Gold, Silver Prices Fall on US-Iran, Fed News
Gold prices dropped 2% as US-Iran tensions and Fed chair nominee Kevin Warsh's hearing created market volatility. Gold ETF inflows surged 364% in FY26, hitting record highs.
RBI's 2026 Digital Payments Framework Simplifies Autopay
The RBI introduces the Digital Payments - Emandate Framework, 2026, enhancing user control with 24-hour notifications, flexible mandate management, and higher transaction limits for secure, frictionless recurring payments.
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Life Insurance Premiums Up 15.7% in FY26, Private Insurers Lead
India's life insurance sector recorded a 15.7% rise in new business premiums to Rs 4.6 lakh crore in FY26, with private insurers like SBI Life gaining market share while LIC and HDFC Life saw declines.
Hyderabad Police Chief Urges RBI for Banking Reforms
Hyderabad Police Commissioner VC Sajjanar has written to RBI Governor Sanjay Malhotra, calling for urgent banking reforms to tackle cybercrime. The letter highlights widespread misuse of 'mule accounts' and weaknesses in KYC systems uncovered during 'Oper
BSNL SIM Cards at Ludhiana Post Office via Postal-BSNL MoU
BSNL SIM cards are now available at the Head Post Office in Ludhiana as part of an MoU between the postal department and BSNL, aiming to improve telecom access through India's extensive postal network.
Consumer Files Petition Over LPG Cylinder Delivery Delay
A consumer in Ambedkarnagar has filed a petition at the District Consumer Disputes Redressal Commission over prolonged delay in LPG cylinder delivery. The commission has summoned officials for a hearing on April 28.
Shivraj Singh Chouhan Calls for Rural Credit System Overhaul
Union Minister Shivraj Singh Chouhan highlights severe issues in rural banking, where farmers travel long distances only to face understaffed counters and long queues, urging a complete system revamp.
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Maharashtra MUDRA Dues Hit Rs 6,736 Cr, Shishu Loans Under Pressure
Outstanding dues under PM MUDRA Yojana in Maharashtra rose sharply to Rs 6,736.6 crore by March, up Rs 1,120 crore year-on-year. The Shishu category faces highest stress with Rs 1,313 crore overdue.
Low Bank Attendance at Kanpur Lok Adalat Meeting Raises Concerns
A District Legal Services Authority meeting in Kanpur saw poor bank representation, jeopardizing the upcoming National Lok Adalat on May 9. Only four banks attended, hindering case resolution efforts.
SBI Manager Arrested in Rs 2.65 Crore Dormant Account Scam
A State Bank of India manager and three accomplices have been arrested for allegedly siphoning over Rs 2.65 crore from dormant accounts using fake KYC documents in Nalgonda district.
CBI Gets 3-Day Custody in Rs 590 Crore Bank Scam Case
The Central Bureau of Investigation has obtained three-day custody of six individuals, including a key accused, in a Rs 590 crore fraud case involving IDFC First Bank and AU Small Finance Bank.
Karnataka Tops Blue-Chip Crypto Conviction, Older Users Grow
Karnataka shows the highest conviction in blue-chip crypto assets in India, with 26-35 age group dominating at 48%, but the fastest growth comes from the 35+ segment as Gen X and older millennials enter the market.
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States Raise Rs 16,900 Crore in RBI's SGS Auction
Indian states successfully raised Rs 16,900 crore through the Reserve Bank of India's State Government Securities auction across various tenors, reflecting strong market demand for state debt.
IFFCO Kisan Finance Doubles Healthcare Network for Farmers
IFFCO Kisan Finance expands its Arogya Vistaar programme, doubling its healthcare network to over 1,000 centers, enhancing last-mile healthcare access for farmers and rural communities across India.
US Insurer The Standard Opens Bengaluru GCC for AI and Tech
US insurer The Standard has launched a Global Capability Centre in Bengaluru to enhance software engineering, AI, and enterprise platforms. The centre focuses on innovation and strategic design, not traditional outsourcing.
Bharat Connect Digital Premiums Cross 1.25 Crore Policyholders
The PLI scheme has been integrated into Bharat Connect, enabling digital premium payments to expand beyond 1.25 crore policyholders, marking a significant milestone in financial inclusion.
Affluent Households Prefer Human Advisors Over AI: McKinsey
A McKinsey report reveals nearly 80% of affluent households still prefer human financial advisors despite AI reshaping the industry, highlighting trust and personalization as key factors.
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Vedanta Demerger Record Date May 1, 2026: Details
Vedanta Ltd announces May 1, 2026 as the record date for its demerger into six independent listed entities, impacting aluminium, merchant power, oil and gas, and iron ore verticals.
Bharat Maritime Insurance Pool Launched with $100M+ Commitments
Public sector insurers GIC Re and New India Assurance lead the new Bharat Maritime Insurance Pool, securing over $100 million in commitments. The pool, backed by a $1.5 billion sovereign guarantee, aims to provide marine insurance for trade with Persian G
RBI Governor: Capital Account Liberalisation Must Protect Sovereignty
RBI Governor Sanjay Malhotra emphasizes that capital account liberalisation must not compromise India's macroeconomic sovereignty, citing past prudent measures and current strategies amid global crises.
RBI Partially Unwinds Rupee Derivatives Curbs, Signals Market Normalization
The Reserve Bank of India has partially reversed its April 1 emergency restrictions on rupee derivatives, allowing banks to resume NDF trades and rebooking of forward contracts. This move aims to restore normal market function after recent currency volati
EPFO Recovers Rs 1,200 Crore PF Dues from Sahara India
The Employees' Provident Fund Organisation initiates coercive action against Sahara India entities to recover approximately Rs 1,204 crore in unpaid provident fund contributions, protecting employee retirement benefits.
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Ex-IDFC Bank Manager Booked in Rs 2.5 Crore NRI Fraud in Chandigarh
Chandigarh police have registered an FIR against a former IDFC First Bank manager for allegedly cheating a UK-based NRI woman of Rs 2.5 crore. The accused, Ribhav Rishi, is also linked to larger banking scams.
Jio Leads Bengal Telecom with 44.8% Market Share
Reliance Jio has become the top telecom operator in West Bengal, holding a 44.8% subscriber market share and leading by over 70 lakh customers, driven by its expansive 5G network coverage across urban and rural areas.
Silver Jumps Rs 4,300, Gold Gains Rs 800 in Delhi
Silver prices surged by Rs 4,300 to Rs 2,57,300 per kg, while gold increased by Rs 800 in Delhi, according to the All India Sarafa Association.
Global Regulators Warn of AI Model Threat to Banking Systems
Australian, South Korean, and Canadian financial regulators express concerns over Anthropic's Mythos AI model, citing risks to cybersecurity and banking stability. ASIC and APRA are monitoring closely.
MCX Gets SEBI Nod for Coal Exchange Subsidiary by 2026
The Multi Commodity Exchange (MCX) has received SEBI approval to establish a dedicated coal exchange subsidiary, expected to be operational by 2026, boosting commodity market infrastructure.
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Rupee Falls 19 Paise to 93.10 vs Dollar on Iran-US Standoff
The Indian rupee depreciated by 19 paise, closing at 93.10 against the US dollar, driven by a fresh US-Iran standoff that closed the Strait of Hormuz, disrupting global supply chains and pressuring the currency.
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