Zerodha Founder Slams Market Holiday for Mumbai Elections
Nikhil Kamath questions the closure of Indian stock exchanges for municipal elections, calling it poor planning that undermines global investor confidence.
Category : Banking
Kotak Marks 30 Years on NSE, Highlights India's Financial Rise
Kotak Mahindra Bank commemorates three decades on the National Stock Exchange, reflecting India's journey to a strong and dynamic financial market.
Analysts Bet on Somany Ceramics Turnaround After Tough Year
Somany Ceramics shares fell 27% amid weak tile demand, but 19 of 21 brokerages recommend buying. Analysts see value in the Max plant turnaround and margin improvements ahead.
Property Loans: A Smart Way to Access Funds Without Selling
Learn how a loan against property works, its benefits, eligibility factors, interest rates, and how to plan repayments effectively for long-term financial needs.
Shadowfax Technologies IPO Opens Tomorrow: Key Details
Shadowfax Technologies IPO opens for subscription on Tuesday, January 20. The logistics firm shows strong financial growth with 114% profit jump. Check price band, GMP, and listing details.
Bank of Maharashtra Apprentice Recruitment 2026
Bank of Maharashtra has released its Apprentice Recruitment 2026 notification, offering 600 positions for fresh graduates. Applications open January 15, 2026.
Bank Holiday on January 15: State-Wise Closures
Banks in Maharashtra, Karnataka, Tamil Nadu, and other states will remain closed on January 15, 2026, due to various regional festivals and elections. Plan your financial transactions accordingly.
RBI Sets New Rules for Bank Internal Ombudsman
The Reserve Bank of India has introduced fresh guidelines for the internal ombudsman mechanism in banks. These rules aim to enhance customer grievance redressal and ensure fair practices.
ICICI Pru AMC Q3 Profit Jumps 45% to Rs 248 Crore
ICICI Prudential Asset Management Company reports a strong 45% year-on-year increase in net profit for Q3 FY25, reaching Rs 248 crore, driven by robust growth in assets under management.
Gold, Silver Rates: MCX Hits Record Highs, Global Prices Fall
MCX gold and silver prices soared to record levels on Wednesday, while international markets saw a pullback as investors took profits and US policy news influenced sentiment.
FIR Against Bank Staff for Rs 58 Crore Forest Corp Fraud
An FIR has been registered against unknown employees of a nationalised bank's Sadar branch in Lucknow for allegedly diverting Rs 58 crore of Uttar Pradesh Forest Corporation funds using a fake fixed deposit receipt.
Rs 21.47 Crore Bank Fraud in UP Cooperative Bank Branch
A major financial fraud involving Rs 21.47 crore has been exposed at the Gonda branch of UP State Cooperative Bank. An FIR names 16 individuals, including former managers, for illegal loan disbursements and fund diversion.
Bank Holiday: 10 Cities Closed for Makar Sankranti, Pongal, Elections
Banks in 10 Indian cities including Bengaluru, Chennai, and Mumbai remain closed today for Makar Sankranti, Pongal, and BMC elections. Check the full city-wise list and available digital banking services.
Bank Holiday Today: Pongal Closes Banks in Many States
Banks remain closed today, January 15, in several states for Pongal and other festivals. Check which states observe holidays and upcoming bank closures.
UPERC Approves Adani's 1,500 MW Mirzapur Thermal Project
The UP Electricity Regulatory Commission approved the power supply agreement for Adani's Mirzapur thermal project. The tariff is Rs 5.38 per unit. The Commission imposed strict conditions to ensure savings from FGD removal benefit consumers.
Sebi Steps Up Checks on Mutual Fund Portfolio Overlaps
India's market regulator Sebi is actively examining new fund offers for portfolio overlap with existing schemes, even before formal notification of draft proposals on stock duplication limits.
India May Offer Tax Rebates for Green Bonds in FY27 Budget
The Indian government is considering tax incentives for sovereign green bond buyers in the upcoming Union budget to boost demand. Investor interest has declined over two years, with subscriptions falling short of targets.
Junk Bond Market Thrives Despite Political Shocks, Investors Chase Yield
The risky debt market is booming as investors pour capital into triple C bonds and leveraged loans, ignoring political tremors. Strong consumer spending and expectations of stable rates fuel the hunt for high returns.
US Banks Report Strong Consumer Health Amid Affordability Fears
Major US banks report resilient consumer spending and savings, contradicting widespread affordability concerns. Executives highlight positive economic indicators despite rising delinquencies in some segments.
US Ends Swedbank Money-Laundering Probe, No Action
The US Department of Justice closed its investigation into Swedbank AB without enforcement action, marking a major step in concluding a nearly seven-year money-laundering probe. The bank still faces an ongoing investigation by New York regulators.
RBI Proposes Changes to Forex Position Rules
The Reserve Bank of India has proposed amendments to net open position rules for banks, aligning them with Basel standards and simplifying calculations.
Bank Deposits Cross Rs 253 Lakh Crore, RBI Data Shows
Reserve Bank of India data reveals that deposits in Indian banks exceeded Rs 253 lakh crore as of December 25, 2024, marking significant growth in the financial sector.
Young Borrowers Drive Credit Growth, Mid-Age Anchors Loans
CRIF High Mark report reveals borrowers under 30 lead new credit entry and unsecured lending, while 31-40 age group dominates loan portfolios. Uttar Pradesh and Maharashtra have highest young borrower bases.
India's Bank Credit Crosses ₹200 Lakh Crore, Unsecured Loans Boom
India's overall bank credit has soared past ₹200 lakh crore for the first time, hitting ₹203.2 lakh crore by December 2025. Unsecured loans and credit card debt are driving this unprecedented growth, with year-on-year credit expansion nearly doubling.
Pakistan Inks Stablecoin Pact with Trump-Linked Firm
Pakistan partners with World Liberty Financial, a crypto firm tied to US President Donald Trump, to explore stablecoin use for cross-border payments amid regulatory shifts.
State Street Invests ₹580 Cr in Groww Mutual Fund
State Street Global Advisors invests ₹580 crore in Groww Asset Management Co. The deal includes secondary and primary capital, diluting Billionbrains' stake by up to 23%.
Venturgate 2026: Trading Platform Review
An in-depth analysis of Venturgate 2026's trading platform features and credibility, highlighting its tools and user trust factors for Indian investors.
SMBC Gets RBI Approval for India Subsidiary
Sumitomo Mitsui Banking Corporation receives in-principle approval from RBI to establish a wholly owned subsidiary in India, marking a key step in foreign banking expansion.
Silver Hits Rs 2.86 Lakh/kg, Gold at Rs 1.46 Lakh/10g in Delhi
Silver prices in Delhi surged by Rs 15,000 to a record Rs 2.86 lakh per kg, while gold reached a fresh peak of Rs 1.46 lakh per 10 grams, continuing a four-day rally.
Jamie Dimon Defends JPMorgan's Massive Tech Spending on AI
JPMorgan CEO Jamie Dimon refuses to cut tech spending to meet expense targets, emphasizing competition with fintech giants. The bank's $2 billion AI investment is already breaking even.
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