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.
Category : Banking
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.
Textile Stock Jumps 14% on Board Approval for SPV Stake Deal
A prominent textile company's stock soared 14% after its board approved a share transfer to acquire a stake in a Special Purpose Vehicle (SPV), signaling strategic expansion and investor confidence in the market.
J&K Bank Apprentice Recruitment 2026: 614 Posts, Apply by April 26
Jammu & Kashmir Bank has launched recruitment for 614 apprentice positions under the 2026 program. Online applications are open from April 20 to 26, 2026. Graduates from 2022 onwards aged 20-28 can apply for a one-year training with a ₹13,500 monthly stip
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Bankers Expect Slower Credit Growth in FY27 Due to Deposit Issues
Bankers forecast slower credit offtake in FY27 after a high base in FY26, with deposit mobilization squeezing margins. Credit growth is projected at 13-14%, while deposits may grow 11-12%, creating a funding gap.
Punjab and Sind Bank LBO Recruitment 2026 Deadline
Punjab and Sind Bank closes LBO recruitment registration today for 1,000 JMGS I posts across 17 states. Eligibility includes graduation, banking experience, and CIBIL score. Apply now.
Govt to Hike FDI in Pension to 100%, Bill in Next Session
The government may increase FDI in the pension sector to 100%, aligning it with insurance. A Bill is expected in the next Parliament session, with current FDI capped at 49%.
Gold Futures Drop Rs 1,310, Silver Slumps to Rs 25,196.7/kg
Gold futures on MCX dropped sharply by Rs 1,310 to Rs 15,329.91 per 10 grams, while silver slumped to Rs 25,196.7 per kg, reflecting market volatility and global cues.
Rupee Gains 13 Paise Against Dollar in Early Trade
The Indian rupee appreciated by 13 paise to 92.78 against the US dollar in early trade on Monday. Forex traders noted the currency is likely to remain range-bound due to volatile West Asia tensions after Iran closed the Strait of Hormuz for shipping.
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Yes Bank Q4 Profit Jumps 45%, NIMs Improve
Yes Bank reports a 45% year-on-year increase in net profit for Q4 FY26, driven by robust growth in net interest income and improved asset quality. Net interest margins also expanded significantly.
Reforms Needed to Safeguard Public Funds and Stop Bank Frauds
Experts discuss critical measures like stricter oversight, advanced technology, and accountability to prevent recurring bank frauds and protect public money in India's financial system.
Jaisalmer: Ex-Bank MD, Cashier Held in Rs 70 Lakh Farmers' Scam
Police in Jaisalmer have arrested former managing director Jagdish Suthar and ex-cashier Vivek Sen for allegedly misappropriating Rs 70 lakh meant for 70 farmers' agricultural claims through forged signatures and branch transfers.
NRIs Bet More on Indian Banks: Key Drivers Explained
Non-Resident Indians are boosting investments in Indian banks due to high interest rates, rupee depreciation benefits, and economic growth prospects. This trend reflects confidence in India's financial stability.
FICCI-IBA Survey: Banks See Strong Credit Growth, AI and Green Finance Top Priorities
A recent FICCI-IBA survey reveals that Indian banks anticipate constructive credit growth in the coming months, with AI, cybersecurity, and green finance identified as key strategic shifts driving the sector forward.
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SBI Issues Alert on Phishing Scam for YONO App
State Bank of India has issued a fraud alert about a phishing scam where fake messages claim the YONO app will be blocked unless Aadhaar details are updated. Customers are advised to avoid unknown links.
Akshaya Tritiya 2026 Gold Silver Trade to Top Rs 20,000 Cr
Despite record high prices and a decline in volumes, the gold and silver trade during Akshaya Tritiya 2026 is projected to exceed Rs 20,000 crore, driven by strong demand and festive sentiment.
HDFC Bank Q4 Profit Up 9.1%, ICICI and YES Bank Also Report Gains
HDFC Bank reports a 9.1% rise in Q4 net profit to Rs 19,221 crore, with full-year profit up 10.9%. The bank recommends a final dividend, while ICICI Bank and YES Bank also post strong quarterly results.
Bank Official Remanded in Rs 147 Crore Panchkula Fraud
Pushpender Singh, former Kotak Mahindra Bank deputy VP, sent to judicial custody in Rs 147 crore fixed deposit fraud involving Panchkula municipal corporation. ACB alleges he received Rs 30-35 crore share.
NaBFID-PDCOR Pact to Strengthen Infrastructure Advisory Services
The National Bank for Financing Infrastructure and Development (NaBFID) has signed an agreement with Rajasthan's PDCOR to enhance advisory services for state and city-level infrastructure projects across India.
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Singla Siblings Got Rs 292 Crore in Bank Scam: CBI
The CBI investigation reveals that Singla siblings received Rs 292 crore in the IDFC First Bank and AU Small Finance Bank scam, highlighting financial fraud and regulatory lapses.
IDFC First Bank Adds Customs Duty to Digital Tax Payment Platform
IDFC First Bank has launched digital payment services for customs duty, central excise, and service tax through ICEGATE 2.0, completing its unified platform for all major tax payments including direct tax and GST.
IDFC First Bank Goes Live on ICEGATE 2.0 for Customs
IDFC First Bank has successfully integrated with the ICEGATE 2.0 portal, enabling digital customs duty payments for importers and exporters, enhancing efficiency and compliance.
ICICI Bank Q4 Net Profit Up 8.5% to Rs 13,701.7 Crore
ICICI Bank reported an 8.5% rise in net profit to Rs 13,701.7 crore for Q4 FY26, driven by improved asset quality and lower provisions. Full-year profit grew 6.2% to Rs 50,146.6 crore.
YES Bank Q4 Profit Jumps 44.8%, CEO Outlines Strategy
YES Bank posted a net profit of Rs 1,068 crore for March 2026 quarter, up 44.8% year-on-year, driven by lower credit costs and improved margins. CEO Vinay Tonse emphasized a focus on profitability and disciplined expansion.
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Canada Central Bank Warns of AI Cybersecurity Threats from Mythos
Bank of Canada Governor Tiff Macklem calls for rapid government and regulatory response to cybersecurity vulnerabilities posed by powerful AI systems like Anthropic's Mythos, highlighting financial sector risks.
Banks Open in India This Saturday, April 18, 2026
Bank branches are open across India this Saturday, April 18, 2026, as it is the third Saturday of the month under RBI holiday rules. Customers can visit for routine services, while digital banking remains available.
Gold Demand Resilient for Akshaya Tritiya, Bullion Safe Haven
Gold demand is expected to remain robust ahead of Akshaya Tritiya, with bullion continuing as a preferred safe-haven asset for wealth creation amid economic uncertainties.
NRI Accuses IDFC Bank Manager of Rs 1 Crore Embezzlement
A 77-year-old NRI from London has filed a complaint against an IDFC First Bank manager, alleging embezzlement of Rs 1 crore from her account, linked to a larger Rs 116-crore scam involving the Chandigarh municipal corporation.
Star Health Targets 25% Growth in Bengal, Rs 1,250 Cr by 2027
Star Health Insurance projects a 25% growth in Bengal this fiscal, targeting Rs 1,250 crore premium by 2026-27. The company achieved Rs 1,000 crore in Bengal last year, with a 36% market share and strong claim ratios.
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15 Banks Authorized for Gold, Silver Imports in India
The Indian government has released an official list of 15 banks permitted to import gold and silver, including major public and private sector institutions, to regulate the precious metals trade.
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