Kanpur Bank Employee Video: Caste Remarks Spark Row
A video from a Kanpur private bank shows employee Astha Singh allegedly abusing a customer and making caste-based remarks. She claims the clip is out of context, citing provocation over her caste.
Category : Banking
IFSCA Chief: Volatility, Anonymity Pose Blockchain Risks
K Rajaraman, IFSCA chairperson, outlines India's restrained regulatory approach to blockchain, citing financial integrity and security concerns, at the Indo-Swiss Blockchain Forum 2026.
HDFC Bank Employee Clarifies Viral Video, Denies Customer Link
Astha Singh, an HDFC Bank employee, states the viral video of her argument was misrepresented and involved a colleague's husband, not a customer. She plans legal action over the incident's portrayal.
India's Tax Reforms: Simplification vs. Evasion Risks
India's draft income tax rules aim to simplify filing but raise concerns about easing PAN requirements, potentially widening the tax evasion gap in a country with low direct tax collections.
RBI's Financial Literacy Week 2026 Focuses on KYC Compliance
The Reserve Bank of India is conducting Financial Literacy Week 2026 from February 9 to 13, with a theme centered on KYC as a key safeguard against digital fraud and misuse of bank accounts.
Crypto Winter Deepens: Bitcoin Plunges 45% in Market Chill
The cryptocurrency market is experiencing its coldest winter yet, with Bitcoin dropping from $124,000 to $70,000 and total market value falling by over $2 trillion. Unlike previous downturns, crypto investors now face isolation as other asset classes thri
Retail Investors Cut Stakes in 52% of Indian Firms, MFs Cushion
In Q3 FY26, retail investors reduced direct stakes in 52% of BSE-listed companies, the sharpest pullback in over a year. However, mutual fund inflows via SIPs continue to support markets, indicating a strategic shift rather than an equity exit.
Central Bank Maintains Policy Rate Amid Growth Signals
The central bank has decided to keep the policy rate unchanged, citing robust economic growth and controlled inflation as key factors in its decision.
Gujarat Bank Strike Feb 12: 25,000 Staff Protest Labour Codes
Public sector bank employees in Gujarat will strike on February 12, impacting 3,678 branches and Rs 15,000 crore in transactions, as unions demand withdrawal of four labour codes and oppose privatisation.
Nabard Sets ₹4.43 Lakh Crore Credit Roadmap for Telangana
Nabard's state focus paper forecasts a 15% rise in Telangana's credit potential to ₹4.43 lakh crore for 2026-27, aligning with the state's $1 trillion economy goal by 2034.
Carlyle Invests Rs 2,100 Cr in Edelweiss' Nido Home Finance
The Carlyle Group becomes majority investor in Nido Home Finance with Rs 2,100 crore commitment. Aditya Puri joins as investor, aiming to boost affordable housing in rural areas.
Rajasthan Sahara Depositors Await Rs 9,700 Crore Refunds
Over 12 lakh depositors in Rajasthan are still waiting for refunds worth nearly Rs 9,700 crore from Sahara Group's cooperative societies, with the Centre acknowledging slow repayments in Parliament.
Health Insurance Claims Ratio Drops to 86.9% in FY25
The health insurance industry's incurred claims ratio fell to 86.9% in FY25, its lowest since the pandemic. However, group health business, especially for PSUs, remains a strain with claims exceeding premiums.
Crypto News: Lit, Mon Protocols & DeepSnitch AI Updates
Key developments in the crypto market today include Lit Protocol's new privacy features, Mon Protocol's gaming integration, and DeepSnitch AI's security advancements.
Rs 72,000 Crore Unclaimed Bank Deposits Moved to RBI Fund
The Indian government has transferred more than Rs 72,000 crore in unclaimed bank deposits to the RBI's Depositor Education and Awareness Fund. Public sector banks hold the largest share, with measures like UDGAM launched to help depositors reclaim funds.
Kerala Co-op Bank Fights State Software RFP in Court
Kallettumkara Service Co-operative Bank petitions Kerala High Court against RFP for uniform software, alleging it threatens autonomy of primary agricultural credit societies through excessive government control.
Gold ETFs Surge Past Equity Funds in January Inflows
Gold ETFs saw a 106% surge in inflows to Rs 24,040 crore in January, slightly exceeding equity mutual funds. This shift highlights growing investor preference for gold as a safe-haven asset amid market volatility.
RBI Exempts Small NBFCs from Registration to Reduce Compliance Burden
The Reserve Bank of India has proposed exempting non-bank lenders with assets under ₹1,000 crore that don't take public funds or deal with customers from registration requirements, aiming to streamline operations and boost credit delivery.
Silver Dips Rs 7,500, Gold Rises Rs 2,200 in Market
In a significant market movement, silver prices dropped sharply by Rs 7,500 to Rs 2.64 lakh per kg, while gold saw a rise of Rs 2,200, reflecting volatile precious metals trends.
Bithumb's $40B Bitcoin Blunder: Input Error Causes Market Chaos
A South Korean cryptocurrency exchange mistakenly gave away $40 billion in Bitcoin due to an input error, causing market turmoil and regulatory scrutiny. The incident highlights systemic weaknesses in digital asset controls.
Govt, RBI Roll Out Measures to Improve Cooperative Banks
The Indian government and Reserve Bank of India have launched initiatives to enhance governance and financial health in cooperative banks, aiming to boost public trust and stability.
Kotak AMC Uses Pascal AI to Enhance Investment Research
Kotak Mahindra Asset Management Company has implemented Pascal AI's agentic research platform to improve institutional investment analysis, aiming for faster, data-driven insights.
Delhi Financial Corporation Wound Up by State Government
The Delhi Financial Corporation is being wound up due to financial non-viability, with a committee formed to manage the closure and handle assets and liabilities.
Chadha Calls for Legalizing Crypto to Stop Offshore Exodus
Rajya Sabha MP Raghav Chadha demands legal status for virtual digital assets, citing that India's tax-heavy but regulation-light approach is pushing billions offshore.
Carlyle Acquires Majority Stake in Nido Home Finance
The Carlyle Group, in partnership with Aditya Puri's family office, will acquire a 73% stake in Nido Home Finance from Edelweiss Financial Services in a deal valued at ₹2,100 crore, marking a major entry into India's housing finance sector.
Larry Fink: Focus on Market Participation, Not Timing
BlackRock CEO Larry Fink advises investors to ignore short-term volatility and asset bubble fears, emphasizing long-term market participation for wealth creation through compounding.
Rupee Gains 9 Paise, Closes at 90.57 vs USD
The Indian rupee appreciated by 9 paise to settle at 90.57 against the US dollar in forex trading. It opened at 90.63, fluctuating between 90.77 and 90.48 intraday.
PE/VC Funds Favor Block Deals Over IPOs for Exits
Private equity and venture capital investors are increasingly opting for post-listing block deals instead of IPOs to monetize holdings, with data showing a significant shift in exit strategies since 2021.
Biopol Chemicals IPO Oversubscribed 18.77 Times
The Biopol Chemicals SME IPO closed with strong subscription of 18.77 times on Tuesday. The issue received over 5.43 crore bids against 28.94 lakh shares offered, with NIIs leading demand.
Eternal Stock Jumps 6.7% on AI Launch, Leadership Change
Eternal's share price surged 6.70% to ₹308.05 amid heavy trading volumes and a major block deal. The rally follows strong Q3 results, a new AI-powered onboarding hotline, and CEO Deepinder Goyal's resignation.
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