Category : Banking


Bank Strike on Jan 27 for 5-Day Week Demand

Banking unions in India have called for a nationwide strike on January 27, 2024, to demand a five-day work week, potentially disrupting financial services across the country.

Rupee Hits Record Low of 92 Per USD, Settles at 91.90

The Indian rupee has plummeted to an unprecedented all-time low of 92 per US dollar, marking a significant depreciation. It settled at 91.90 against the American currency, surpassing the previous record set earlier this month.

Gold Rebounds Rs 1,500; Silver Climbs Rs 9,500

Gold prices in India rebounded by Rs 1,500 to Rs 1.58 lakh per 10 grams, while silver surged Rs 9,500 to Rs 3,29,500 per kg, marking a significant recovery in precious metals markets.

Sundaram Home Finance Q3 Profit Up 20% to Rs 75.14 Cr

Sundaram Home Finance reports robust Q3 FY26 results with 20% net profit growth to Rs 75.14 crore. Assets under management surge 18% to Rs 18,880 crore, driven by strong performance in Emerging Business segment.

Adani Stocks Fall 13% as SEC Seeks Email Summons in Bribery Case

Adani Group companies witnessed sharp declines in share prices, with some stocks falling as much as 13%, following reports that the US SEC is seeking court approval to serve summons via email to Gautam Adani and Sagar Adani in connection with an alleged f

SEBI Code & Family Trusts: In-Law Impact on Succession

Indian promoter families increasingly use private trusts for succession planning, but SEBI's Takeover Code excludes daughters-in-law from 'immediate relatives,' creating compliance hurdles for modern family structures.

RBI Announces ₹1 Trillion OMOs, $10B Swap as Rupee Hits Low

The Reserve Bank of India announces its third liquidity infusion package with ₹1 trillion in government bond purchases and $10 billion dollar-rupee swaps to ease tight conditions and support the rupee after it hit a record low of 91.97 against the US doll

KVB Q3 Net Profit Jumps 39% to Rs 690 Crore

Karur Vysya Bank reports strong Q3 FY26 results with 39% net profit growth to Rs 690 crore. Net interest income rises 14.6% to Rs 1,239 crore while NIM remains stable at 3.9%.

UBS Explores Crypto Investments for Private Clients

Swiss banking giant UBS Group AG is reportedly preparing to introduce cryptocurrency investment opportunities for select private banking clients in Switzerland, with potential expansion to global markets.

IndusInd Bank Swings to Q3 Profit After Q2 Loss

IndusInd Bank reported a net profit of Rs 128 crore for Q3 FY26, reversing a Rs 437 crore loss in Q2. The bank announced leadership changes and continues its balance-sheet restructuring amid year-on-year earnings pressure.

DBS: Don't Cut Equity, Diversify Amid Geopolitical Risks

Joanne Goh of DBS Bank advises against broad equity reduction despite geopolitical risks. Instead, diversify with private equity, gold, and hedge funds. She highlights opportunities in India's infrastructure, banking, and selective IT sectors.

Bank Locker Gold Security: RBI Liability Cap Exposed

With gold prices soaring, bank locker rent may not secure your valuables. RBI limits bank liability to 100 times annual rent, leaving gold unprotected against theft, fire, or natural disasters. Experts recommend separate jewellery insurance.

Rupee Hits Record Low of 92 vs Dollar, Settles at 91.88

The Indian rupee plummeted to an unprecedented low of 92 against the US dollar in intraday trading, driven by weak domestic markets and sustained foreign fund outflows, before recovering marginally to close at 91.88.

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