Rupee Hits All-Time Low, Closes at 94.70 vs Dollar
The Indian rupee touched a record low of 94.70 against the US dollar in intraday trade before closing at that level, driven by strong dollar demand and global economic pressures.
Category : Banking
99.92% Indian Villages Have Banking Outlets Within 5 km: Govt
The Indian government has announced that 99.92% of villages in the country now have access to banking services within a 5 km radius, marking a significant milestone in financial inclusion efforts.
Kotak Mahindra Bank Manager in Custody for Rs 150 Crore Fraud
A relationship manager at Kotak Mahindra Bank has been remanded to judicial custody in a major fraud case involving approximately Rs 150 crore, with investigations ongoing into the alleged financial irregularities.
Rupee Briefly Crosses 95 vs USD, Closes at 94.70
The Indian rupee breached the 95 per US dollar level during Monday's trading before settling at 94.70, gaining 15 paise from its previous close of 94.85 against the greenback.
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GIFT City IFSC Banking Assets Surge 7x, Cross $106 Billion
The International Financial Services Centre in GIFT City has seen its banking assets surge over sevenfold in five years, crossing USD 106 billion, driven by global investments and regulatory reforms.
JPMorgan Ties Engineer Performance to AI Adoption Metrics
JPMorgan Chase implements new performance objectives requiring software engineers to demonstrate AI-driven productivity gains. The bank tracks tool usage and links adoption to career advancement.
Silver Jumps Rs 7,000, Gold Rises Rs 3,700 on Wedding Demand
Silver prices surged by Rs 7,000 per kg and gold increased by Rs 3,700 per 10 grams, driven by robust wedding season demand, as reported by the All India Sarafa Association.
Small Savings Rates Unchanged for April-June 2026 Quarter
The Finance Ministry has announced that interest rates for all small savings schemes, including PPF, SSY, SCSS, and NSC, will remain unchanged for the first quarter of FY 2026-27. This marks an extended period of stability in these rates.
Industrial Credit Growth Hits 135% in February: RBI
The Reserve Bank of India's latest data shows a remarkable 135% year-on-year growth in industrial credit for February 2024, signaling strong economic momentum and increased business investment.
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Banks to Deduct TDS on Interest Over Rs 50,000 Annually
The Indian government mandates all banking companies to deduct TDS on interest income exceeding Rs 50,000 per year, impacting savings and fixed deposit accounts.
Ex-IDFC First Bank Staff in Police Remand for Rs 590 Cr Scam
Former employees of IDFC First Bank have been sent to police remand in connection with a massive financial scam involving Rs 590 crore, as authorities intensify investigations into alleged fraud and misconduct.
India Bank Holidays: Key Closures This Week Detailed
Banks across India will observe closures this week due to festivals and account maintenance. Check state-wise holiday dates and plan your transactions accordingly.
Gold Futures Rise, Spot Prices Fall in Key Indian Cities
Gold futures posted gains on Monday, led by the April contract, while spot prices in major Indian cities like Delhi and Mumbai saw declines. The market showed mixed trends with bullish sentiment in futures trading.
Banks Cannot See or Record Locker Valuables: Sitharaman
Finance Minister Nirmala Sitharaman clarifies that banks have no access to record valuables stored in lockers, with standard coverage set at 100 times annual rent for losses.
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Insolvency Law Boosts Banking Health: FM in Lok Sabha
Finance Minister highlights the Insolvency and Bankruptcy Code as a primary driver in improving India's banking sector health during a Lok Sabha session.
Bank Holidays in April 2026: State-Wise List Announced
The Reserve Bank of India has released the list of bank holidays for April 2026, affecting operations in multiple states. Check the full schedule here.
NBFCs Face Rising Stress in MSME, Vehicle Loans: Nomura
A Nomura report highlights increasing stress for NBFCs in MSME and vehicle loans due to fuel supply disruptions, impacting small businesses and transport sectors.
Jewellery Stock Rises on NSDC Skill Development Partnership
A prominent jewellery company's stock is attracting investor attention following the signing of a Memorandum of Understanding with the National Skill Development Corporation to enhance workforce skills in the sector.
Gold, Silver Futures Rise on Spot Demand
Gold futures climbed by 0.36% to Rs 1,44,800 per 10 grams, while silver futures soared to Rs 2.29 lakh per kg on the Multi Commodity Exchange, driven by robust spot market activity.
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New Income Tax Act 2025: Key Changes for Salaried Employees
India's new Income-tax Act 2025 and Rules 2026 bring major reforms for salaried individuals, including unified tax year, higher allowances, and streamlined compliance.
Gold Price Prediction: Bearish Correction Amid Volatility
Gold prices are in a corrective phase with bearish bias, influenced by US-Iran tensions, ETF outflows, and a strong dollar. Analyst Manav Modi shares key resistance and support levels for MCX gold.
Rupee Rebounds After RBI Caps Bank Currency Exposure
The Indian rupee recovered sharply in early trade, climbing to 93.57 against the US dollar after the RBI imposed a $100 million cap on banks' overnight currency positions. The move prompted dollar sales, providing short-term relief, though broader pressur
Gold, Silver Rates Drop as Oil Prices Rise on US-Iran War
Gold and silver prices declined today due to rising oil costs and ongoing US-Iran conflict, with analysts predicting volatility from geopolitical cues and central bank actions.
CPCL Dividend 2026: Record Date, Ex-Date, Payment Details
Chennai Petroleum Corporation Limited (CPCL) has announced a dividend for the financial year 2026. Check the record date, ex-date, payment date, and share price impact on NSE and BSE.
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RBI Payments Vision 2028: Portable Accounts & Cross-Border Focus
The Reserve Bank of India's Payments Vision 2028 prioritizes consumer empowerment through portable bank accounts and enhanced cross-border payment efficiency, aiming to improve user experience and reduce friction in money movement.
RBI Forex Cap Shields Rupee from 95 Fall Amid Iran Conflict
The RBI has imposed a $100 million cap on banks' forex positions to prevent rupee depreciation towards 95, as Middle East tensions and FPI outflows pressure the currency. Banks face losses and must unwind by April 10.
Rajkot Scam: Rs 1.48 Crore Lost in Investment Fraud
Four friends from Rajkot lost over Rs 1.48 crore in a high-return scheme allegedly run by a family with overseas links. Police investigate under BNS and Gujarat depositor laws.
Ola Electric Ordered to Replace or Refund Faulty Scooter
A consumer commission in Thane has directed Ola Electric Technologies to replace a defective electric scooter or issue a full refund, citing severe technical failures and customer service deficiencies. The vehicle experienced multiple breakdowns and batte
Banks Seek 3-Month Extension from RBI on FX Position Caps
Indian banks have formally requested the Reserve Bank of India for a three-month extension to comply with new foreign exchange position limits, citing risks of sudden arbitrage trade unwinding and potential losses.
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BSNL Trichy Centers Open March 29 & 31 for Year-End Services
BSNL announces extended operations at customer service centers across Trichy and neighboring districts on March 29 and 31 to facilitate bill payments, new connections, and other services during the financial year-end period.
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