The US has granted a temporary exemption for Lukoil-branded fuel stations outside Russia until April 2026. This move comes as Indian refiners cut purchases of sanctioned Russian crude, with imports expected to plummet.
The government has ruled out any plans to restructure or merge public sector banks. Get details on FDI limits, IDBI Bank disinvestment, and RRB performance.
Banks in Nagaland and Arunachal Pradesh remain closed today for State Inauguration Day and Indigenous Faith Day. Check December 2023 holiday calendar and plan your banking activities accordingly.
US banks reported 13% profit growth in Q3 2025 with FDIC insurance fund reaching $150.1 billion. Problem banks decreased to 57. Read the full analysis.
US imposes sanctions on TR6 Petro India and other entities for trading Iranian oil, citing terror funding concerns. Full details on the crackdown.
Indian banking sector reaches inflection point with strong earnings growth ahead. Private banks lead recovery while public sector banks show improved fundamentals. Read analysis.
New US sanctions on Russian oil firms leave 48 million barrels stranded at sea, forcing Asian buyers like India to seek urgent alternatives. Discover the market impact.
Reliance Industries stops importing Russian crude for its export-focused refinery to comply with EU ban on Russian-origin petroleum products. RIL accounts for half of India's Russian oil imports.
US, UK and Australia impose sanctions on Russia-based Media Land for allegedly enabling ransomware operations. Learn how this impacts global cybersecurity threats.
Nifty Bank index surged to a record high of 59,264, crossing 59,200 for the first time. PSU banks outperformed, but analysts see private banks leading next growth phase. Read analysis.
Russian oil discounts surge to $5-6 per barrel as buyers avoid sanctioned firms Rosneft & Lukoil. Indian refiners shift to unsanctioned suppliers amid expected supply disruptions.
Donald Trump announces Republicans are preparing legislation to sanction nations conducting business with Russia. Learn how this could impact global trade dynamics and India's strategic position.
US tells Serbia it won't lift sanctions on NIS oil company unless Belgrade ensures complete Russian withdrawal. Serbia faces energy crisis with February 13 deadline looming.
The US imposes sanctions on 32 entities from India and other countries for alleged ties to Iran's weapons program. Learn about the implications for international trade.
The United States imposes sanctions on 32 entities across 8 countries including India for supporting Iran's missile and UAV programs. Learn about the global implications.
Union Home Minister Amit Shah announces cooperative banks for all cities with 2+ lakh population. Plan aims to strengthen financial inclusion & cooperative sector. Read details.
National Urban Cooperative Finance Corporation plans to apply for Self-Regulatory Organisation status from RBI by early January after crossing ₹300 crore capital threshold, enabling new financial services for cooperative banks.
RBI's new current account restrictions for large borrowers create division between private and public sector banks. Private banks fear losing cheap funds while PSBs stand to gain. Read full analysis.
Indian banking unions strongly oppose FM Nirmala Sitharaman's privatisation remarks, demand strengthening of public sector banks instead. Latest updates on the banking sector debate.
India's public sector banks achieve historic quarterly profits with 9% growth, driven by reduced bad loans and improved interest income. Discover how state-owned lenders are transforming their financial landscape.
India dramatically reduces direct Russian crude purchases as US sanctions tighten payment mechanisms. Major refiners shift strategy while maintaining supplies through traders.
US sanctions on Russian oil tankers cause massive drop in shipments to India and China. Discover the global energy dilemma and whether markets can permanently ditch Russian crude.
The United States imposes sweeping sanctions targeting North Korea's illicit financial operations. Discover the individuals and entities involved in money laundering schemes supporting Pyongyang's prohibited programs.
George Banks, the perpetrator of one of Pennsylvania's deadliest mass shootings in 1982 that claimed 13 lives including his own children, has died in prison at age 83. Explore the haunting details of the Wilkes-Barre massacre that continues to echo throug
The United States has formally requested United Nations sanctions against seven vessels allegedly involved in illicit North Korean exports, escalating pressure on Pyongyang's sanction-evasion tactics.
Bank of Baroda, Bank of India lead PSU bank rally amid government's consolidation push. Investors cheer potential merger of smaller state-owned lenders as stocks hit new highs.
India asserts its right to buy Russian oil based on economic needs and market dynamics, responding to recent US sanctions on Russian energy companies. The MEA emphasizes India's national interest comes first.
India initiates comprehensive assessment of US sanctions targeting Russian oil companies, evaluating potential impacts on energy supplies and economic partnerships.
India responds to US sanctions on Russian oil firms, defends energy imports as crucial for national interest. Trump praises India's strategic positioning.
Former US President Donald Trump raises concerns about India purchasing Russian oil while avoiding criticism of China's energy imports from Russia during recent comments.