The Indian rupee appreciated by 15 paise to 94.70 against the US dollar in early trade on April 1, 2026. This movement follows the Reserve Bank of India's recent directive capping banks' Net Open Position in INR at USD 100 million, with compliance require
Gold loans are powering India's credit supply surge, with loan originations rising 45% in volume and 108% in value in December 2025, driven by high gold prices and digital adoption.
Fitch Ratings warns that a prolonged decline in gold prices could erode collateral buffers for loans, impacting financial stability and consumer credit in markets like India.
A recent hike in LPG gas prices has drawn investor attention to restaurant, quick-service restaurant (QSR), and hotel stocks, with potential impacts on operational costs and profitability in the hospitality sector.
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Haryana police have made a third arrest in the Kotak Mahindra Bank fraud case, expanding their investigation into the alleged scam involving forged documents and financial irregularities.
Sammaan Capital, formerly Indiabulls Housing Finance, will transform into a multi-asset lender offering personal, gold, and MSME loans following its acquisition by Abu Dhabi's International Holding Company for approximately Rs 8,850 crore.
Gold loans have become the top product in new originations and India's second-largest retail credit book at Rs 16 lakh crore, per TransUnion Cibil. Consumer durable loans now lead for first-time borrowers, replacing two-wheelers and priority sector loans.
The Reserve Bank of India has extended pandemic-style leniency on trade finance, allowing pre- and post-shipment export credit up to 450 days for disbursements until June 30, 2026, to support exporters facing logistics and payment delays due to West Asia
The South Gujarat Co-Operative Banks Association urgently appeals to RBI, citing a month-long cash shortage affecting 46 urban cooperative banks, disrupting operations and customer trust.
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Nilambaug police in Rajkot have filed an FIR against six individuals, including four loan beneficiaries and two bank agents, for a Rs 1.35 crore fraud involving diverted PMEGP scheme funds at a nationalised bank in Bhavnagar.
A prolonged drop in gold prices could significantly erode collateral buffers in financial systems, posing risks to stability as gold is widely used as loan security.
A major financial fraud involving ₹5.28 crore has been uncovered in Vijayawada, where fraudsters allegedly cheated Axis Bank by creating fake accounts with forged documents over several years.
The Enforcement Directorate has filed a supplementary chargesheet against 18 more accused in the Rs 564 crore Ritz Consultancy Ponzi scheme, alleging money laundering and diversion of investor funds.
Starting April 1, India implements new financial regulations affecting UPI, ATM withdrawals, PAN usage, FASTag fees, and railway refunds. These changes aim to enhance compliance and transparency.
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Millions of EPF claims face rejections, leaving funds stuck. Kustodian steps in to assist recovery, addressing systemic issues in India's provident fund system.
Jefferies reports RBI's forex tightening measures could impact bank profitability, but expects potential relief from the central bank to ease the burden on financial institutions.
Starting April 1, 2026, India will implement new online payment rules, including stricter KYC, transaction limits, and enhanced security measures, impacting digital wallets, UPI, and card payments.
Complete guide to April 2026 bank holidays across India with state-wise closures, digital banking alternatives, and transaction planning advice for customers.
Gold prices are fluctuating as the metal trades inversely to yields and the Dollar Index. Geopolitical tensions and central bank actions add volatility, with key US data ahead.
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Indian stock markets remained closed on Mahavir Jayanti, while other Asian indices showed mixed trends. Crude oil prices stayed above $107 per barrel, influencing global market sentiments.
Punjab & Sind Bank has launched its LBO recruitment drive for 2026, offering 1000 vacancies across 17 Indian states. Check direct link and notification PDF details here.
Banks in multiple Indian states are closed today for Mahavir Jayanti, but agency banks remain open for government transactions. Check the state list and digital banking options.
Learn how the Sachet portal helps consumers verify financial schemes and entities to prevent fraud, with RBI's guidelines and user tips for secure transactions.
The Reserve Bank of India may discontinue the expensive practice of airlifting currency notes to remote Chhattisgarh areas if the government declares the country Maoist-free by March 31, 2026, following a decade of security-driven operations.
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Chandrapur's Economic Offences Wing exposes a cryptocurrency investment scam running into crores, arresting two accused who allegedly duped hundreds with false promises of high returns and luxury incentives.
The Reserve Bank of India has postponed its new guidelines on bank capital market exposures, including acquisition finance, by three months to July 1, 2024.
Atanu Chakraborty refutes Sashidhar Jagdishan's statement linking his exit to internal disputes, highlighting governance failures and ethical misalignments at HDFC Bank.
GIFT IFSC in Ahmedabad reports a sevenfold surge in banking assets to $106.7 billion by Feb 2026, driven by 37 banks and new infrastructure like FCSS.
The Indian rupee touched a record low of 94.70 against the US dollar in intraday trade before closing at that level, driven by strong dollar demand and global economic pressures.
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The Indian government has announced that 99.92% of villages in the country now have access to banking services within a 5 km radius, marking a significant milestone in financial inclusion efforts.
