A parliamentary committee report discloses that public sector banks in India collected Rs 8,621.12 crore in penalties over five years for customers not maintaining minimum balances, with Uttar Pradesh leading at Rs 1,233.97 crore.
Bank credit growth accelerated to a 19-month high of 14.6% by January 2026, sharply outpacing deposit growth and tightening system liquidity. The incremental credit-deposit ratio reached 96.9%, indicating banks lent nearly Rs 97 for every Rs 100 of fresh
Learn practical steps to track and recover money when NEFT, RTGS, or IMPS transfers fail or get delayed. Includes checking status, contacting banks, and using RBI's complaint system for faster resolution.
RBI approval for Bain Capital's acquisition of joint control in Manappuram Finance is conditional on addressing its holdings in Tyger Capital and Tyger Housing Finance.
India's stringent Black Money law offers a potential reprieve for small undisclosed foreign assets, with severe penalties including 30% tax and triple penalties for non-compliance.
The combined market valuation of six top-10 Indian firms eroded by over Rs 3 lakh crore last week, with IT majors TCS and Infosys suffering the biggest losses amid a broad equity selloff.
The Central Bank of India's 2026 recruitment drive for various positions closes today. Applicants must submit their forms online before the deadline to be considered for these banking roles.
Check the state-wise bank holiday list for February 2026, including closures for Losar and Chhatrapati Shivaji Maharaj Jayanti. Plan your banking activities accordingly.
Foreign Portfolio Investors (FPIs) made a sharp U-turn in early February, pouring Rs 19,675 crore into Indian equities, driven by the US-India trade deal and easing global macroeconomic concerns, despite overall 2025 outflows.
An assistant manager at Indian Bank's Girinagar branch in Bengaluru has been arrested for allegedly stealing gold ornaments worth over Rs 4 crore from customer lockers to finance his online gambling addiction.
The NextGen Finance AI Summit 2026 in Thiruvananthapuram explores AI's role in transforming finance from automation to strategic intelligence, with experts discussing job impacts and ethical adaptation.
Navneet Sharma, an ICAI '40 Under 40' awardee and KNAV partner, has been appointed to the AICPA's Accounting and Review Services Committee, highlighting global recognition of his financial expertise.
The Bank of India is expected to release the Specialist Officer recruitment result 2026 soon. Candidates can check results and download scorecards on the official website once available.
Chintamani Finlease Limited celebrates nearly 30 years of transforming financial needs into opportunities, offering tailored solutions for individuals and businesses across India.
SEBI and NSDL have launched a unique auto rickshaw campaign across Indian cities to promote investor verification and raise awareness about financial security.
The Institute of Chartered Accountants of India has elected CA Prasanna Kumar D as president and CA Mangesh Kinare as vice-president for the 2026-27 term, bringing decades of experience to leadership roles.
DeepSnitch AI is positioned as a leading crypto opportunity, with analysts predicting explosive growth as Aster and Layer Zero consolidate in the evolving market.
Central Bank of India closes Specialist Officer recruitment registration on February 15, 2026, for 350 posts. Apply now for Marketing and Foreign Exchange Officer roles with competitive salaries.
The Reserve Bank of India has announced a new policy allowing banks to lend to listed Real Estate Investment Trusts, with a cap of 49% of asset value, effective July 2024.
Enrich Money introduces Orca Chart, an advanced charting platform with real-time data and AI-driven insights, enhancing investment decision-making for users.
Tata Capital has launched a nationwide public initiative, 'Sawaal Karo, Phir Loan Lo,' aimed at promoting informed borrowing and financial literacy among consumers across India.
PFRDA is developing innovative post-retirement income products to surpass conventional annuities while maintaining double-digit returns under NPS. The regulator targets digital-first onboarding and wider informal sector coverage.
The Gujarat CID has arrested a 52-year-old broker for allegedly cheating Mehsana Urban Co-operative Bank of Rs 64.04 crore through forged loan documents and misappropriation of funds between 2016 and 2023.
NABARD has projected a priority sector credit potential of Rs 4.88 lakh crore for Rajasthan for FY 2026-27, focusing on agriculture, MSMEs, and rural infrastructure to accelerate growth.
Markets regulator Sebi has proposed +/-20% price bands for gold and silver ETFs, with initial limits of +/-6% and cooling-off periods to manage volatility in precious metals markets.
Prominent banker Uday Kotak has been appointed as the chairman of Gujarat International Finance Tec-City Company Limited (GIFTCL) with immediate effect, taking over from Hasmukh Adhia. Kotak, founder of Kotak Mahindra Bank, brings extensive financial expe
RBI mandates Rs 500 crore minimum net worth for companies seeking acquisition financing, allowing unlisted firms with investment-grade ratings. New rules effective April 1, 2026, raise financing ceiling to 75% and ease eligibility criteria.
While UPI dominates retail payments, cash remains essential in Rajkot's old markets and unorganized sectors. A severe shortage of Rs 10 and Rs 20 notes and coins is causing daily headaches for traders and customers, especially during the wedding season.
India's telecom regulator TRAI has issued over 7 lakh notices and imposed 5.6 lakh restrictions on telemarketers to combat spam calls and messages, enhancing consumer protection.
State-owned power financiers PFC and REC are proceeding with a merger to create a single large government-controlled institution for funding India's electricity sector, including emerging green technologies.