Silver Drops 5% to Rs 2.55 Lakh/kg, Gold Falls
Silver prices fell sharply by 5.03% to Rs 2.55 lakh per kg, while gold declined to Rs 1.58 lakh per 10g, according to the All India Sarafa Association.
Category : Banking
SEBI Chief: Risks in Moving from Entity to Activity Regulation
SEBI Chairperson Madhabi Puri Buch highlights potential risks in transitioning regulatory focus from entities to their activities, emphasizing the need for careful implementation to avoid unintended consequences in India's financial markets.
India in Talks to Integrate Alipay+ with UPI Payments
India is discussing with China-linked Ant International to integrate Alipay+ with UPI, potentially easing cross-border transactions for Indian travelers and marking a thaw in India-China economic ties.
India's Forex Reserves Drop by $6.71 Billion to $717.06 Billion
India's foreign exchange reserves have decreased by $6.71 billion to $717.06 billion for the week ending February 7, 2025, according to the latest RBI data, following a recent record high.
Gold, Silver ETFs Surge on ONDC as Investors Turn to Safe Products
Stable Money is leading a significant surge in gold and silver ETF investments on the Open Network for Digital Commerce (ONDC), as investors increasingly favor safe, regulated financial products amid market volatility.
Draft Income Tax Rules 2026: Relief for Salaried with HRA, Allowance Hikes
The Income Tax Department's Draft Rules 2026 propose key changes: HRA exemption extended to more cities, education and hostel allowances hiked, and PAN card limits revised. These updates aim to ease tax burdens for salaried and middle-class taxpayers.
RBI Revises Lead Bank Scheme Guidelines for Better Credit Flow
The Reserve Bank of India has proposed updated guidelines for the Lead Bank Scheme to streamline operations, enhance credit flow to priority sectors, and strengthen financial inclusion efforts across districts.
Silver Futures Jump Rs 5,465 to Rs 2,41,900/kg
Silver futures on the Multi Commodity Exchange (MCX) witnessed a significant rise of Rs 5,465, reaching Rs 2,41,900 per kilogram. This surge reflects strong market demand and global economic factors influencing precious metals trading in India.
45 Paise Insurance Yields ₹10 Lakh After 6-Year Fight
A man's decision to pay 45 paise for travel insurance while booking a train ticket in 2020 resulted in his family receiving ₹10 lakh compensation after his accidental death, following a lengthy legal battle with the insurance company.
Textile Stock Gains as 9-Month Profit Rises 3.4%
A leading textile company reports a 3.4% increase in profit for the first nine months of the fiscal year, with its quarterly results drawing significant market attention and investor interest.
AI Fears Hit IT Stocks, But JPMorgan Spots Value in Infosys, TCS
India's IT sector has lost Rs 5.7 lakh crore in market value amid AI disruption fears, but JPMorgan argues firms like Infosys and TCS remain essential 'plumbers of the tech world' with limited downside risk.
Parliament Panel: Scrap Bank Minimum Balance Penalties
A Lok Sabha committee recommends banks remove penalties for not maintaining minimum balances, suggesting incentives like reward points and fee waivers instead to encourage higher deposits.
Gold Price Prediction: Sell on Rise Strategy Recommended
Gold prices are struggling to hold higher levels, with technical indicators pointing to a bearish intraday structure. Analysts recommend a sell-on-rise strategy as resistance zones attract selling pressure.
Budget 2026 Enhances India's Appeal for Global Financial Institutions
Union Budget 2026 introduces key tax and policy reforms to attract global financial firms, simplifying transfer pricing and expanding safe harbour rules for GCCs in India.
Insurance Agent Arrested in Rs 1.5 Crore Bank Fraud Case
Police in Tanda arrested an insurance agent and his associate for allegedly siphoning compensation money from nearly 50 villagers through fake insurance policies and fixed deposits at a nationalized bank branch.
Bharat Bandh Partially Hits Banks, Insurance Firms
The Bharat Bandh protest against four labour codes partially disrupted banks and government insurance companies, while most central government departments operated normally. SBI employees did not join the strike led by AIBEA.
Lucknow Bank Held Hostage Over Alleged Financial Scam
A mob of account holders besieged a bank branch at Dr Shakuntala Mishra National Rehabilitation University, alleging unauthorized withdrawals of crores of rupees. The protest lasted over six hours, with staff held captive until police intervention.
Sebi Orders Analysis of NSDL Tech Glitch Delaying Settlements
Sebi Chairman Tuhin Kanta Pandey announced a root cause analysis of NSDL's recent technical glitch that delayed inter-depository settlements for days. Corrective steps will follow review by Sebi's technical advisory committee.
RBI Proposes e-Rupee & UPI for Kisan Credit Cards
The RBI has unveiled draft KCC rules for 2026, introducing CBDC and UPI for farm credit, interest caps for small farmers, and expanded collateral options to boost digital access and safety.
RBI Tightens Loan Recovery Rules to Protect Borrowers
The Reserve Bank of India has introduced stricter norms for loan recovery, banning harsh practices and requiring banks to resolve complaints before starting repossession. These rules take effect in July 2026.
J&K Adds 1.6 Lakh New EPFO Members in 7 Years: Minister
Union Minister Shobha Karandlaje reveals that Jammu & Kashmir has added over 1.6 lakh new members to the EPFO in the last seven years, indicating significant formal employment growth in the region.
ED Attaches Rs 1.2 Cr in Goa Bank Fraud Case
The Enforcement Directorate has provisionally attached properties worth Rs 1.2 crore linked to a Rs 2.8 crore UCO Bank fraud involving fake gold loans in Goa. Accused used counterfeit gold to secure loans across three branches.
Udupi Bank Seal Fraud in Property Tax Payments
A major fraud case involving misuse of a bank seal and duplicate challans in property tax payments has been registered at Udupi Town police station. Officials discovered discrepancies during routine checks, leading to suspicions of cheating and forgery.
Indian IT Stocks Crash as Global Tech Sell-Off Spreads
Infosys and Wipro ADRs fell sharply amid a global tech sell-off, driven by AI disruption fears and strong US jobs data reducing rate cut hopes. The Nifty IT index dropped 5.5%, erasing Rs 1.3 lakh crore in market cap.
Gold Falls Rs 400 to Rs 1.6 Lakh/10g, Silver Flat at Rs 2.6 Lakh/kg
Gold prices in India dropped by Rs 400 to Rs 1.6 lakh per 10 grams, while silver remained unchanged at Rs 2.6 lakh per kilogram. The US labor market showed resilience with 1.3 lakh jobs added in January.
RBI Proposes Major Reforms to Kisan Credit Card Scheme
The Reserve Bank of India has issued draft guidelines to revise the Kisan Credit Card scheme, aiming to expand coverage, standardize crop seasons, extend loan tenure, and include tech expenses for farmers.
Rupee Gains 17 Paise, Closes at 90.61 vs US Dollar
The Indian rupee appreciated by 17 paise to settle at 90.61 against the US dollar, supported by foreign fund inflows and ample banking system liquidity maintained by the RBI.
SEBI Grade A Phase 2 Call Letter Out for Assistant Manager
SEBI has issued the Phase 2 call letter for the Grade A Assistant Manager exam. Qualified candidates can download admit cards from sebi.gov.in, with details on exam pattern, streams, and instructions.
HDFC MF Nifty India Consumption Index Fund NFO Details
HDFC Mutual Fund has launched the Nifty India Consumption Index Fund, a new fund offering (NFO) tracking India's consumption sector. Subscription closes on February 28, 2026.
Gold Futures Drop Rs 780 to Rs 15,797 per 10g
Gold futures on the Multi Commodity Exchange (MCX) fell by Rs 780 to close at Rs 15,797 per 10 grams, influenced by global market trends and a stronger US dollar.
Page 10 of 102