Rupee Dips 1 Paisa to 90.92 Against US Dollar
The Indian rupee experienced a marginal decline of 1 paisa, closing at 90.92 against the US dollar, influenced by global market trends and domestic economic factors.
Category : Banking
DeepSnitch AI Crypto Posts 30K Gain as Solana, Bitcoin Struggle
DeepSnitch AI cryptocurrency posts a massive 30,000% surge in 24 hours, while major players like Solana and Bitcoin struggle to break key resistance levels in the volatile market.
Mangaluru Senior Loses Rs 1.77 Crore in Commodities Scam
A 74-year-old man from Mangaluru was defrauded of Rs 1.77 crore in a sophisticated 'American commodities' investment scheme. The scam initially paid returns to build trust before swindling him of his life savings.
Bajaj Finance Low-Interest Personal Loans with Flexible Terms
Bajaj Finance introduces personal loans featuring competitive low interest rates and highly flexible repayment terms, designed to meet diverse financial needs for customers across India.
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SEBI Revamps MF Rules: Life-Cycle Funds Introduced
India's market regulator SEBI has revamped mutual fund categorization rules, introducing life-cycle funds and scrapping solution-oriented schemes to enhance investor clarity and product innovation.
Gold Futures Drop Rs 539 to Rs 1.60 Lakh/10g; Silver Falls
Gold futures in India dropped by Rs 539 to Rs 1.60 lakh per 10 grams, while silver futures fell by Rs 3,264 to Rs 2.65 lakh per kilogram, driven by weak global cues and market sell-offs.
IDFC First Bank Pays INR 583 Crore to Government, Affirming Trust
IDFC First Bank has made a significant payment of INR 583 crore to the government, reinforcing its commitment to transparency and regulatory compliance in the banking sector.
Gold Bullish, Silver Faces Resistance: Price Outlook
Gold prices maintain a bullish bias with support at 157,000, targeting 170,000, while silver faces resistance at 280,000 with support at 255,000, according to Nuvama's Abhilash Koikkara.
March 2026 Bank Holidays: State-wise Closures & Digital Options
Customers must check the March 2026 bank holiday calendar for state-specific closures due to festivals like Holi, Eid, and Ram Navami. Digital services remain operational.
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IRDAI Calls for Lower Insurance Costs to Reach Missing Middle
IRDAI member Deepak Sood highlights the need to reduce customer acquisition and management expenses to make health insurance affordable for the 'missing middle' segment.
Banks Regain Commercial Funding Share with Faster Credit Growth
Scheduled commercial banks have reversed a contraction in FY25 by expanding non-food credit faster than the overall resource pool in FY26 up to Jan 31, lifting their share of total commercial sector funding to 63.2%.
No AGR Relief for Telecom Firms Beyond Vodafone Idea: Scindia
Telecom Minister Jyotiraditya Scindia stated that no telecom company except Vodafone Idea will receive relief on AGR dues, as the government operates strictly under Supreme Court mandates. He also discussed satellite services rollout and SIM-binding norms
Worldline Sells India Payments Arm to BillDesk for €60M
Worldline will sell its India payments business to BillDesk for 60 million euros in equity, including a long-term software agreement. The deal aims to sharpen Worldline's European focus while maintaining India as an AI innovation hub.
HDFC & SBI Near 50% Control of Credit Card Spending
India's credit card market shows strong consolidation, with HDFC Bank and SBI now controlling nearly half of total spending value. The top five banks dominate 85.6% of transaction value as of January 2026.
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NSE IX GIFT City Platform Opens Global Stock Access for Indians
NSE International Exchange launches a platform from GIFT City enabling Indian retail investors and NRIs to invest in shares across 30 global markets, starting with US stocks and expanding to UK, Japan, and Europe.
Sebi Chairman: India Emerges as Resilient Investor-Friendly Market
Sebi Chairman Tuhin Kanta Pandey emphasizes India's strong capital formation, rising domestic participation, and regulatory reforms that position the country as a credible, durable growth market for long-term investment.
MSIL Expands Chit Fund Business in Rural Karnataka
State-run Mysore Sales International Ltd (MSIL) is formalizing its NBFC operations and targeting rural expansion in Karnataka by partnering with self-help groups (SHGs) and hiring recently retired bankers to boost its chit fund business.
SBI Foundation's Water Conservation Transforms Gadag
SBI Foundation constructed 380 farm ponds and desilted 22 village ponds in Gadag district over three years, benefiting thousands of farmers through improved irrigation and soil conservation.
RBI's Rs 25,000 Crore Bond Switch Auction on March 2
The Reserve Bank of India will conduct a government bond switch auction worth Rs 25,000 crore on March 2, 2025, to manage debt maturity and liquidity in the financial system.
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Rajkot Banks Duped: Thief Steals Rs 50,000 in Currency Scam
A clever thief targeted three banks in Rajkot, stealing Rs 50,000 using a currency exchange trick. Police investigate identical modus operandi across crowded branches.
When Banks Lose Interest in You: Account Dormancy Explained
Learn what happens when banks classify your account as dormant or inoperative, the rules governing such accounts, and how to reactivate them to avoid penalties.
Airtel Payments Bank NFC Balance Check for RuPay Cards
Airtel Payments Bank introduces NFC feature allowing customers to instantly check or update RuPay On-The-Go card balances via Android smartphones, eliminating metro station visits.
Rupee Dips 1 Paisa to 90.96 vs US Dollar
The Indian rupee declined marginally by 1 paisa, closing at 90.96 against the US dollar in forex trading, with a stable session and narrow trading range observed.
Ex-Branch Manager, 3 Others Held in Rs 590 Crore Bank Fraud
Four individuals, including a former branch manager, have been arrested in Haryana for their alleged involvement in a Rs 590 crore fraud case at IDFC First Bank, with arrests made on Tuesday evening.
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Gold Futures Surge on MCX, Prices Rise by Rs 1,322
Gold futures extended gains on Wednesday, rising by Rs 1,322 to Rs 1,61,291 per 10 grams on MCX, driven by fresh buying and firm physical demand. Check city-wise gold rates.
IDFC First Bank Pays Rs 583 Crore Amid Haryana Fraud Probe
IDFC First Bank has paid Rs 583 crore to the Haryana government while an investigation into alleged fraud continues. Four individuals have been arrested in connection with the case.
SIM Binding Rules Unchanged: Security Priority, Says Scindia
Telecom Minister Jyotiraditya Scindia confirms no changes to SIM binding rules, emphasizing security over convenience to combat fraud and cybercrime in India.
Daily Gold Rate Checks Boost Bajaj Finance Gold Loan Benefits
Learn how monitoring the gold rate today can help you secure better loan-to-value ratios and lower interest rates during the Bajaj Finance Gold Loan Carnival, maximizing financial benefits.
JPMorgan Shares Fall on AI Worries, Dimon Calls Fears Exaggerated
JPMorgan Chase shares fell over 4% this week as AI concerns triggered a sell-off in financial stocks. CEO Jamie Dimon pushes back, calling AI an opportunity, not a threat, amid a fraud lawsuit involving Donald Trump.
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Vivriti Group Launches Vivriti Next for Mid-Corporate Lending
Vivriti Group launches Vivriti Next as a new holding company, consolidating its financial services under a unified structure to focus on India's mid-corporate segment with a Rs 200 crore equity infusion.
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