The CBI has searched 15 locations in Delhi and Mumbai linked to Reliance Commercial Finance and Reliance Home Finance. The agency alleges that these entities diverted over Rs 27,337 crore of bank funds to other group companies, causing l...
Muthoot Finance reported a 25% increase in quarterly profit to ₹2,550 crore as gold loan assets under management grew by 44%. The strong performance highlights high demand for gold-backed credit among individuals and small businesses. In...
Karnataka Bank has achieved a major milestone, reaching ₹2 lakh crore in total business as of July 31, 2026. This growth was driven by a 16.62% rise in advances and a 6.93% increase in deposits for the first quarter of fiscal year 2027....
Muthoot Finance has announced a major leadership change, appointing Alexander George as Managing Director starting October 1. Current MD George Alexander Muthoot will move to the role of Executive Vice Chairman. This succession plan foll...
BSE-listed IIRM Holdings will raise ₹150 crore through equity and warrants at ₹143.28 each. The funds from Carpediem Capital and Sanshi Fund-I are planned for business expansion and acquisitions in the insurance broking sector.
Sundaram Home Finance has increased interest rates on 3 to 5-year fixed deposits by 0.25%. This rate hike aims to attract more retail deposits, which currently account for about 25% of the company's total funding. The move follows the co...
HDFC Bank has raised interest rates on 3-5 year dollar deposits to 6.25% ahead of the RBI’s special swap window closure. The move helps the bank attract foreign currency liquidity, joining other lenders who are competing to build reserve...
If you experience a double debit on a UPI transaction, verify the payment status and transaction IDs before taking action. RBI rules mandate automatic reversals for failed transactions, but successful duplicate payments require a formal...
Bank credit grew 18.6% by June 2026, largely powered by a 93.8% surge in gold-backed loans. This rapid expansion in secured lending added over Rs 74,000 crore to bank books, significantly contributing to the overall increase in non-food...
Punjab National Bank is raising a $1 billion five-year loan to support its foreign currency deposit program. This move allows the bank to leverage RBI's special swap facility to attract overseas investors, matching similar actions taken...
Global private equity firms TPG Capital and Permira are competing for a minority stake in maternity hospital chain Cloudnine. The potential deal values the company at ₹11,000 crore and includes a full exit for existing investor True Nort...
The UAE has emerged as the top contributor to India's FCNR (B) deposit scheme, accounting for more than $10 billion of the $20 billion raised. While high dollar interest rates and tax benefits attract diaspora savings, operational hurdle...
Trading volume on GIFT City’s Global Access Platforms nearly doubled to $1.93 billion in the first quarter of fiscal 2027. This growth is driven by rising retail and institutional interest in U.S. stocks, though tax and transaction costs...