The rupee, which had fallen below 95, closed at 94.81 against the dollar Wednesday. However, Wednesday’s directive provides some operational flexibility.
This initiative aims to merge the trusted, well-established features of traditional paper cheques with the efficiency, speed and security of digital payment systems, while also catering to evolving business and consumer needs.
“The bank identified certain gaps in client‑onboarding requirements at its DIFC branch in the UAE and has completed a detailed and objective review of the matter,” the bank said in a statement to The Indian Express.
“Happy to inform that I have successfully updated my KYC for the 18th time in my rather short adult life. Gratitude to my Investment Adviser, my father (he is overjoyed his name is spelt correctly) and my smart phone,” a customer wrote on X recently.
SBI accounted for 59% of commissions from selling these third-party financial products, data provided by the Finance Ministry to the Rajya Sabha on Tuesday showed.
Under draft guidelines issued as part of the ‘Review of Framework of Limiting Customer Liability in Digital Transactions’, lenders would be required to reverse unauthorised transactions if the fraud is linked to lapses on their part.
HDFC’s retail loans grew by 6.9 per cent, small and mid-market enterprise loans rose 17.2 per cent and corporate and other wholesale loans grew by 10.3 per cent.
“In case the specific provision was not there, instead of a (-) 4 per cent (dip in net profit), we would have a (+) 4.1 per cent (growth) in PAT,” Sandeep Batra, Executive Director, ICICI Bank, told reporters.
Based on the date of reporting by banks, the total number of frauds decreased to 5,092 in H1 FY26, as against 18,386 in the corresponding period of last year, the RBI said in its report on Trend and Progress of Banking in India 2024-25.
]Highlighting concerns over an acute shortage of small denomination currency notes in the country, the All India Reserve Bank Employees Association (AIRBEA) has urged the Reserve Bank of India (RBI) to ensure adequate supply of these notes. The RBI employees’ union noted that while there was no visible shortage of higher denomination currency notes of […]
The rural, semi-urban and urban branches registered 11.7 per cent, 10.7 per cent and 9.5 per cent deposit growth, respectively, during the same period, the RBI’s quarterly data on bank deposits said.
Loans above Rs 75 lakh now contribute 39.4 per cent of total originations. PSU banks strengthened their lead in the segment, lifting their market share to 50 per cent, according to data from CRIF High Mark, a credit information bureau registered with the RBI.
“Such unregistered platforms lack regulatory or supervisory oversight and do not provide for any mechanisms for investor protection or grievance redressal,” Sebi warned.
Sebi, in a consultation paper issued on Thursday, proposed to introduce an enabling framework to address the issue of lock-in of pledged shares held by persons other than the promoters.
The sudden withdrawal of notes roiled the economy with demand falling, businesses facing a crisis and gross domestic product (GDP) growth declining nearly 1.5 per cent.
The bank’s gross non-performing assets (NPAs) improved by 40 bps to 1.73 per cent from 2.13 per cent. Net NPA stood at 0.42 per cent from 0.53 per cent.
The government had rationalised GST with effect from September 22. It abolished multiple GST rates of 5 per cent, 12 per cent, 18 per cent and 28 per cent, and introduced a two-slab structure of 5 per cent and 18 per cent
The relaxation in IPO financing comes at a crucial juncture, with a slew of companies preparing to tap the market for fresh capital. Investor appetite for new issues has remained buoyant, driven by robust listing gains in recent months.
NIA team reaches Malda to investigate gherao of judicial officers engaged in SIR
Cities22 min ago
NIA officials, led by DIG, arrived in Malda to investigate the harassment of seven judicial officers. They were accompanied by 60 Army jawans and NIA IG Sonia Singh also landed in Kolkata. The incident occurred when judicial officers were held hostage by protesting residents. The SC transferred the probe to NIA and the team visited the BDO office and Mothabari police station for evidence.
