Category : Banking


I-T Raids Ahmedabad Chemical Group Over Financial Scrutiny

The Income Tax Department conducted extensive search operations on an Ahmedabad-based chemical group involved in dyes and intermediaries. Raids covered 20 locations including plants, offices, and residences, with cash, valuables, and records seized.

CBDT Notifies Income Tax Rules 2026, Effective April 1

The CBDT has notified the Income-tax Rules, 2026, effective from April 1, 2026. Key changes include higher PAN thresholds for transactions, enhanced HRA benefits, and stricter regulations for crypto and capital gains.

March 2026 Bank Holidays: Eid, Ram Navami Dates

The Reserve Bank of India has released the March 2026 bank holiday schedule. Banks will be closed on March 20-21 for Eid-Ul-Fitr in various states, with digital services remaining operational.

CBI Case in Rs 2.78 Crore Mudra Loan Fraud at Bank of India

The CBI has registered a case regarding an alleged Rs 2.78 crore fraud in Mudra loan disbursal at a Bank of India branch in Barabanki, following Allahabad High Court directions. The FIR names bank officials and middlemen, with searches conducted in Luckno

JP Morgan Neutral on HDFC Bank; Chairman Exit Adds to Headwinds

JP Morgan maintains neutral rating on HDFC Bank with Rs 1,090 target. Analysts warn chairman's resignation citing ethical concerns and merger delays could weaken stock amid geopolitical risks. Other brokerages update ratings on Tata Motors, GMR Airports,

UP Chief Secretary Urges Banks to Expand Rural Reach

Chief Secretary SP Goyal chaired the state-level bankers' committee meeting, emphasizing the need for banks to increase presence in rural areas, accelerate financial inclusion, and support key government schemes.

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