Kotak Mahindra Bank is securing a $600 million foreign currency loan from HSBC and CTBC Bank. The 42-month facility aims to support international clients with FCNR(B) deposits by using the RBI’s special currency swap window to manage hed...
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Zee Entertainment is seeking shareholder approval to issue warrants to its promoter group to raise ₹3,143 crore. Proxy firms are divided, with SES supporting the plan for increased promoter commitment while InGovern warns against equity...
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The Reserve Bank of India has issued draft guidelines requiring all securitisation notes from commercial banks to be held in dematerialised form. The minimum ticket size for these investments remains at Rs 1 crore. These rules aim to boo...
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The Delhi High Court has paused Unity Small Finance Bank’s plan to increase its authorized share capital amid a dispute between shareholders BharatPe and Centrum Financial Services. BharatPe blocked the move, fearing its stake could drop...
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Housing and Urban Development Corporation (HUDCO) reported a 35% jump in net profit to ₹851.11 crore for the June 2026 quarter. This growth was driven by record loan sanctions of ₹65,485 crore and an improved asset quality with gross NPA...
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The Central Board of Direct Taxes has finalized guidelines requiring crypto service providers to report user tax residency starting in 2026. This framework seeks to improve transparency in digital asset transactions without changing curr...
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HUDCO reported a 35% rise in net profit to ₹851 crore for the June 2026 quarter, supported by higher interest income. The state-owned financier also announced an interim dividend of ₹1.25 per share while continuing to raise funds through...
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Tamilnad Mercantile Bank reported a 35% increase in quarterly net profit to ₹412 crore, driven by strong growth in retail and agricultural lending. Shares rose over 13% as the lender improved its net interest margins and significantly re...
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Canara Bank plans to exceed its FY27 loan growth and foreign currency deposit targets amid strong credit demand. While higher funding costs may impact net interest margins, the bank is shifting toward retail deposits to protect profitabi...
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Manish Mehta, formerly of Kotak Mahindra AMC, has been appointed as the Chief Business Officer at SBI Mutual Fund. This leadership change occurs shortly after SBI Mutual Fund's recent IPO, where the company raised ₹9,812.91 crore. Invest...
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Leveraged FCNR deposits allow NRIs to seek higher returns via RBI's swap facility, which has mobilized over $20 billion. However, this strategy carries significant financial and tax risks, including interest rate volatility, potential ch...
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IDFC FIRST Bank reported a record profit of ₹10.8 billion for the first quarter of FY27, a 132% increase from last year. The bank has raised its full-year return on assets (ROA) guidance to 1%, reflecting improved margins. Investors are...
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AU Small Finance Bank reported a 37% year-on-year rise in profit for the first quarter of fiscal year 2027, reaching ₹796 crore. This performance beat analyst expectations, supported by a 24.7% growth in overall business. Investors are t...
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CreditAccess Grameen reported a 45% sequential profit growth to ₹490 crore for the June quarter. The microfinance lender improved its operational efficiency even after setting aside funds for geopolitical risks. Investors are watching wh...
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HDFC Bank’s board has fined its CEO and CFO ₹1 lakh each following an internal probe into deposit arrangements with MSRDC. The review identified instances of business overreach that may have deviated from Reserve Bank of India guidelines...
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AU Small Finance Bank has increased interest rates on FCNR(B) and NRE fixed deposits to attract non-resident Indian customers. The bank now offers a peak rate of 7.60% on NRE deposits and 7.40% on FCNR(B) deposits. This shift aims to str...
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Bajaj Finance shares traded 2.08% higher at Rs 1,033.90 after the company reported a 22% jump in quarterly net profit to Rs 5,543 crore. The strong performance for the quarter ending March 2026 was supported by a 17% rise in revenue, ref...
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India's financial sector is trading at its cheapest forward price-to-book valuation in five years despite strong loan growth. While credit demand remains robust, intense competition for deposits has previously weighed on profit margins....
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The Reserve Bank of India has successfully mobilized $32 billion through special forex initiatives. This move aims to strengthen foreign exchange reserves and support the rupee. Projections suggest that total inflows could climb to $85 b...
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SEBI has released a consultation paper to introduce an MF-PMS category, lowering the minimum investment ticket size to ₹25 lakh from the current ₹50 lakh. This move aims to expand access for mass affluent investors to custom portfolio se...
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