Category : Banking


SC Orders CBI, ED to Probe Banking Fraud by Anil Ambani Group

The Supreme Court of India has instructed the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) to carry out a fair, impartial, and timely investigation into banking fraud allegations involving the Anil Dhirubhai Ambani Group.

Court: Bank Not Liable When Customer Shares OTP

A consumer court has ruled that HDFC Bank cannot be held responsible for financial losses after a customer voluntarily shared his OTP with fraudsters, highlighting personal responsibility in digital security.

Rupee Falls 11 Paise to 90.43 vs US Dollar

Indian rupee declined by 11 paise to close at 90.43 against the US dollar on February 4, 2026. Forex traders cite lingering caution despite positive sentiment from India-US trade deal developments.

Bajaj Finserv Q3 PAT Flat at Rs 2,229 Cr

Bajaj Finserv reported consolidated Q3 PAT of Rs 2,229 crore, flat YoY, due to higher provisions and one-time charges. Excluding these, PAT grew 32% to Rs 2,936 crore, with Bajaj Finance showing 23% underlying growth.

SEBI Plans Overhaul of 'Fit and Proper Person' Rules

India's market regulator SEBI is considering significant reforms to the 'fit and proper person' framework governing market intermediaries, aiming to enhance transparency and reduce regulatory uncertainty.

IDFC First Bank Q3 PAT Up 48% to Rs 503 Crores

IDFC First Bank reports a robust 48% year-on-year increase in Profit After Tax (PAT) for Q3 FY26, reaching Rs 503 crores, driven by strong operational performance and improved asset quality.

IT Stocks Crash 7% on AI Fears, Rupee Strength

Indian IT stocks witnessed a sharp selloff on Wednesday, with the Nifty IT index plunging over 7% amid fears of AI disruption from Anthropic's new tools and a stronger rupee hurting export margins.

BHEL Jumps on ₹1,500 Crore Hindalco Order Win

Bharat Heavy Electricals Ltd (BHEL) shares witnessed significant intraday gains on Wednesday after the Maharatna PSU announced receiving a letter of intent for a major order from Hindalco Industries worth up to ₹1,500 crore for an Odisha project.

Crypto Market Loses $467B in Bitcoin Selloff

The cryptocurrency market has shed nearly half a trillion dollars in under a week as Bitcoin plunged to a 15-month low. Experts cite global macro tensions, interest rate differentials, and a shift toward safe-haven assets.

Logistics Stock Gains 6% Despite Market Volatility

A logistics stock witnessed a significant surge of over 6 percent in trading today, even as the broader markets remained volatile. This performance highlights sector-specific resilience amid economic fluctuations.

RBI Expected to Pause Rate Cuts After India-US Trade Deal

The RBI's Monetary Policy Committee is expected to keep the repo rate unchanged at its February meeting, with the India-US trade deal reducing uncertainty and supporting growth outlook, according to Bank of America analysis.

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