Avendus has raised over Rs 2,200 crore for its third credit strategy fund, targeting a total corpus of Rs 4,000 crore. The fund has already deployed 60% of capital across diverse sectors, with increased investor commitment.
SEBI Chairman Madhabi Puri Buch highlights India's rapid economic growth as a key driver for increased demand in professional wealth management services, emphasizing the need for investor education and regulatory support.
The UAE has issued its inaugural seven-year Islamic Treasury Sukuk, valued at AED550 million, with bids reaching nearly six times the amount. This move aims to extend the dirham yield curve and boost the domestic debt market.
A Rs 590 crore fraud at IDFC First Bank's Chandigarh branch has caused investor wealth erosion of over Rs 14,000 crore. The bank's shares crashed 20% as the fraud exceeds quarterly earnings.
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Gold prices show underlying bullish bias according to Motilal Oswal analyst. Factors like US inflation, Fed policy, and geopolitical tensions guide outlook. Technical analysis reveals key support and resistance levels for gold futures.
AU Small Finance Bank has launched a new-age credit card designed to simplify and enhance everyday payments across India, offering innovative features for modern consumers.
IDFC First Bank shares hit the 20% lower circuit after revealing a Rs 590 crore fraud at its Chandigarh branch involving Haryana government accounts. The bank has suspended four officials and launched an investigation.
IDFC First Bank has disclosed a significant fraud of Rs 590 crore involving staff in Haryana government accounts, suspending four employees and launching a probe. The bank has informed regulators and filed a police complaint.
IDFC First Bank's stock fell sharply by 10% in premarket trading following the disclosure of a $65 million fraud. The amount represents 0.9% of the bank's net worth and 20% of its estimated fiscal 2026 pre-tax profit.
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Axis Bank has officially denied submitting any bid for a controlling stake in CreditAccess Grameen, refuting market reports about its interest in acquiring the microfinance lender.
Morgan Stanley maintains an overweight rating on Reliance Industries with a target of Rs 1,803, highlighting its $110 billion AI and energy investment plan. Other brokerages issue ratings on JSW Cement, Lenskart, United Spirits, and ITC, covering growth p
A Vadodara consumer forum has directed Oriental Insurance to reimburse Rs 37,910 to a policyholder for a mole removal surgery, ruling it was medically necessary, not cosmetic, after the insurer rejected the claim.
IDFC First Bank has identified a Rs 590 crore discrepancy in Haryana government deposits at its Chandigarh branch, suspending four employees and initiating a forensic audit. Haryana has de-empanelled the bank from state business.
JPMorgan Chase has formally acknowledged closing Donald Trump's bank accounts after the January 6 Capitol attack, revealed in a $5 billion lawsuit over alleged political debanking.
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State Bank of India sets a goal to boost green advances to 7.5-10% of its portfolio by 2030, launches CHAKRA for renewable sectors, and hosts Green Marathon to promote climate action.
The Reserve Bank of India has launched a Tier IV-certified data centre in Bhubaneswar, strategically located to mitigate cross-border and seismic risks, ensuring uninterrupted operations for critical financial systems like payments and currency management
The Reserve Bank of India has established a new greenfield data center in Bhubaneswar to safeguard critical financial operations. The strategic location minimizes cross-border threats and seismic risks while supporting currency management and payment syst
Bank of India has released the admit card for the Credit Officer recruitment exam scheduled for March 1, 2026. Candidates must download it from the official website to appear for the 514 vacancies.
IDFC First Bank has identified a Rs 590 crore discrepancy in Haryana Government deposits at its Chandigarh branch, suspending four employees and initiating a forensic audit amid regulatory scrutiny.
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The RBI Office Attendant Admit Card 2026 will be released soon on rbi.org.in for the exam on February 28 and March 1, 2026. Learn how to download it and key instructions for candidates.
JPMorgan Chase closed Donald Trump's personal and business bank accounts in February 2021, one month after the January 6 Capitol attack, according to bank letters obtained by Reuters.
A 69-year-old man from Survey Park, Kolkata, lost Rs 89,960 in an ATM card swap fraud. The incident also led to Rs 35 lakh of his funds being frozen. Police are investigating the multi-location transactions.
State Bank of India's Chandigarh circle organized a special event to celebrate International Mother Language Day, featuring cultural performances and discussions on linguistic diversity.
JPMorgan Chase has accused former US President Donald Trump of fraudulently naming CEO Jamie Dimon in a $5 billion lawsuit to keep the case in Florida state court, seeking to move it to federal jurisdiction.
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Bank of Baroda has released the admit card for the Office Assistant (Peon) recruitment exam scheduled for February 22-23, 2026. Candidates must download it from the official website and carry it to the exam center.
Bank customers in India must check the RBI holiday calendar before visiting branches, as closures vary by national holidays, state festivals, and weekly schedules. Digital services remain unaffected.
ICICI Bank Global Markets report indicates low probability of RBI rate hike due to subdued core inflation. Monetary Policy Committee expected to maintain extended pause, focusing on liquidity injection for better transmission.
Madhya Pradesh Rajya Sahakari Bank extends application deadline for 2,076 vacancies. Apply online for Computer Operator, Branch Manager, Accountant roles by March 7, 2026.
AtomWallets introduces a fully licensed and compliant liquidity solution for global fiat payout infrastructure, enhancing cross-border financial transactions with regulatory adherence.
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Perfios introduces KScan AI, an AI-powered platform providing business intelligence and risk assessment for 30 million Indian MSMEs, enhancing BFSI sector decision-making.
