Bank Strike Jan 27: 3-Day Closure Possible, Unions Want 5-Day Week
Bank employee unions plan nationwide strike on January 27 for five-day work week demand, potentially causing three consecutive days of bank closures including Republic Day holiday.
Category : Banking
Consumer Panel Fines Insurer for Baseless Claim Denial
Dharwad District Consumer Commission imposes penalty on United India Insurance for rejecting medical claim using unsubstantiated allegations of alcoholism, ordering compensation and interest payment.
Tobacco Auctions Halted in Guntur Due to Tax Issues
Indian Tobacco Association halts auction participation in Guntur, citing 18% excise duty and 28-40% GST on unmanufactured tobacco. Move impacts growers, traders amid crucial auction season.
NSE Sets Up Investor Awareness Pavilion at Kolkata Book Fair
The National Stock Exchange has established an investor education pavilion at the 49th International Kolkata Book Fair, featuring interactive tools and workshops to promote financial literacy.
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Paisalo Digital Redeems ₹1 Crore NCDs Early, Stock in Focus
Paisalo Digital, a multibagger small-cap NBFC partly owned by SBI Life, has redeemed ₹1 crore of unlisted NCDs seven years ahead of maturity, reducing long-term debt. The stock has delivered 1,574% returns since listing despite recent corrections.
Kotak Mahindra Bank Q3 Net Profit Rises 4.3%
Kotak Mahindra Bank reports Q3 FY26 consolidated net profit of ₹3,446 crore, up 4.3% YoY. Operating profit increases 4% to ₹5,380 crore, supported by 5% growth in net interest income.
ICICI Lombard Road Safety Initiatives Nationwide
ICICI Lombard General Insurance has rolled out multiple road safety initiatives focusing on driver education, infrastructure improvements, and community awareness to reduce accidents and enhance public safety.
Kotak Bank Q3 Net Profit Up 4.3% to Rs 3,446 Crore
Kotak Mahindra Bank reported a 4.3% increase in standalone net profit to Rs 3,446 crore for Q3 FY26, driven by growth in net interest income and other income. Consolidated profit rose 5% to Rs 4,924 crore.
RBI Announces Measures to Manage Banking Liquidity
The Reserve Bank of India has introduced a series of strategic measures to effectively manage liquidity conditions in the banking system, ensuring stability and supporting economic growth.
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Binance Founder CZ: No Direct Trump Contact After Pardon
Changpeng 'CZ' Zhao, Binance founder who served jail time, reveals he hasn't spoken directly with Donald Trump despite receiving pardon, addresses business relationship misconceptions.
Ashish Kacholia's ₹2,400 Crore Portfolio Reshuffle in Q3
Ace investor Ashish Kacholia reshuffled his ₹2,400 crore equity portfolio in December quarter, adding new stocks, increasing stakes selectively, and trimming holdings amid smallcap market correction.
RJIL Tops Delhi Voice & Data Performance: TRAI
Reliance Jio Infocomm Limited (RJIL) has strengthened its leadership in voice and data service quality across Delhi, according to the latest TRAI report, outperforming competitors in key metrics.
Banking Sector's Budget 2026 Expectations: Key Demands
Ahead of Union Budget 2026, India's banking sector seeks policy support for MSME credit, digital inclusion, and regulatory easing amid asset quality concerns and employment pressures.
Sebi Approves 12 IPOs Including Infra.Market, Sify Unit
Capital markets regulator Sebi has given the green light to initial public offering plans of 12 companies, including Hella Infra Market (Infra.Market), Sify Infinit Spaces, and Purple Style Labs, with proposed issues totaling thousands of crores.
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Lucknow Banking Fraud: Fixed Deposits Vanish, Families Ruined
A shocking banking fraud in Lucknow's Para, Buddheshwar, and Kakori areas has left over 100 families devastated. Victims like Ram Naresh and Janki lost lakhs in fixed deposits meant for weddings and savings, exposing alleged collusion by a Bank Mitra.
India as Financial, Tech Hub: GIFT City CEO at Davos
GIFT City delegation at WEF Davos positions India's IFSC as scalable destination for banking, capital markets, insurance, fintech, and digital operations, with global confidence growing.
SEC Drops Gemini Crypto Lending Case After Repayment
The U.S. SEC agrees to dismiss its enforcement case against Gemini crypto exchange after investors in its Earn program recovered all assets through Genesis bankruptcy.
Banks Closed on Jan 24: Fourth Saturday Holiday Details
Public and private banks across India are closed on January 24, 2026, for the fourth Saturday holiday. Check the complete RBI holiday calendar for January 2026, including regional variations and digital banking availability.
Budget 2026: Defence Stocks in Focus as Experts Predict Allocation Hike
Market experts anticipate a significant increase in India's defence budget for FY25-26 in the upcoming Union Budget 2026. Analysts recommend selective investment in defence stocks with strong order visibility and execution capabilities.
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Adani Stocks Fall as US SEC Plans Email Summons to Gautam Adani
Adani Group shares dropped sharply after the US SEC sought court permission to serve email summons to Gautam Adani and Sagar Adani over bribery allegations, with no charges filed yet.
Air India Gets $125M Insurance for Ahmedabad Crash
Global reinsurers have paid Air India $125 million for hull and engine losses from the June 2025 Dreamliner crash near Ahmedabad that killed 260 people, with passenger compensation claims still pending.
Nagpur Union Opposes FDI, Labour Codes in Insurance Sector
General Insurance Employees Union demands withdrawal of increased FDI and new labour codes, warning they threaten public sector stability. A 2-day convention in Nagpur will address these issues.
Naidu Urges Banks to Boost Lending for Inclusive Growth in AP
Chief Minister N Chandrababu Naidu chairs SLBC meeting, calls for enhanced credit access to agriculture, MSMEs, and startups while focusing on job creation and financial inclusion.
IndusInd Bank Swings to Profit in Q3, Names New Chairman
IndusInd Bank reported a net profit of Rs 128 crore in Q3 FY26, recovering from a Rs 437 crore loss in Q2, though earnings fell sharply year-on-year. The bank appointed former SBI executive Arijit Basu as non-executive chairman.
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Rs 11,640 Crore Payout for PSU Insurers, RBI, Nabard Staff
The Central government has approved a retrospective wage and pension reset, resulting in a massive Rs 11,640 crore payout for employees of public sector general insurers, RBI, and Nabard.
Sebi Investigates Insider Trading in Yes Bank Deal
Markets regulator Sebi is investigating alleged illegal gains using insider information in Yes Bank's July 2022 share sale. Notices sent to PwC, EY, Carlyle, Advent executives.
Rupee Falls, RBI Eases Liquidity as Forex Reserves Top $700 Billion
The Indian rupee fell to a new low against the dollar while RBI injected liquidity and forex reserves crossed $700 billion, highlighting policy balancing acts amid foreign outflows and global pressures.
Courtyard Banking: India's Pre-Nationalization Financial Trust
Before India's 1969 bank nationalization, public trust in formal banking was alarmingly low, with community-based courtyard systems serving as the primary financial backbone for millions.
Silver Hits $100/Oz, Gold Nears $5,000 in Historic Rally
Silver prices surged past $100 per ounce for the first time ever on Comex, while gold approached $5,000/Oz. Domestic MCX futures hit record highs amid geopolitical tensions and strong industrial demand.
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First Citizens BancShares Slides on Downbeat Interest Income Outlook
First Citizens BancShares shares fell over 9% after projecting 2026 net interest income below Wall Street expectations, citing Federal Reserve rate cuts as key pressure on regional bank margins.
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