India May Raise EPF Wage Ceiling to ₹25,000
India considers raising EPF wage ceiling from ₹15,000 to ₹25,000, expanding social security coverage. Higher deductions may reduce take-home pay but boost retirement savings and pension benefits.
Category : Banking
Gold Rebounds Rs 2,000 to Rs 1.54 Lakh/10g on Weak Dollar
Gold prices rebounded Rs 2,000 to Rs 1.54 lakh per 10 grams in the national capital on Tuesday, driven by a weak US dollar and positive global cues.
RBI New Rule: 3-Day Grace Period for Credit Card Bills
RBI's new rule provides a 3-day grace period for credit card bill payments, offering relief to cardholders. Learn about the benefits and effective date.
J P Morgan Executive Accused of Sexual, Racial Abuse
A junior employee has filed a lawsuit against J P Morgan, accusing executive Lorna Hajdini of sexual harassment, racial abuse, and drugging him.
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First-Time Borrowers Climb to 4.4 Crore Despite Tighter Norms
Despite tighter lending norms, first-time borrowers in India surged to 4.4 crore in FY24, driven by demand for home and personal loans, says a report.
SpiceJet Passengers Face Nightmare Delays at Mumbai Airport
Hundreds of SpiceJet passengers endured sleepless nights due to severe delays and cancellations on Mumbai flights to Bangalore, Delhi, and Ahmedabad, with one flight delayed nine hours.
Star Health PAT Up 16% to INR 911 Crore in FY26
Star Health Insurance reported a 16% rise in PAT to INR 911 crore for FY26, driven by improved operating metrics and strong growth in premiums.
Rupee hits all-time low of 95.20 against US dollar
The Indian rupee fell to a record low of 95.20 against the US dollar on Thursday, pressured by rising global crude oil prices and a strengthening American currency.
Rupee Hits Record Low of 95.20 Against US Dollar
The Indian rupee fell 32 paise to an all-time low of 95.20 against the US dollar on Monday, driven by strong dollar demand and weak equity markets.
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Waaree Energies Shares Plunge 10% Post Q4 Results
Waaree Energies shares tumbled 10% after the company reported disappointing Q4 results, with revenue and profit missing estimates. Check key details here.
Sensex Tumbles 500 Points, Nifty Below 24,000; Bajaj Finance Gains
Indian stock markets opened lower on April 30, with Sensex falling nearly 500 points and Nifty dipping below 24,000. Bajaj Finance was the top gainer amid US Fed rate concerns and Vedanta demerger news.
Indian Overseas Bank Annual Net Profit Crosses Rs 5,000 Crore
Indian Overseas Bank reported a 56% jump in annual net profit to Rs 5,209 crore for FY26, driven by higher income and lower provisions. Operating profit surpassed Rs 10,000 crore for the first time.
Bajaj Finance Q4 Net Profit Up 22% to Rs 5,553 Crore
Bajaj Finance reports 22% rise in Q4FY26 net profit to Rs 5,553 crore, driven by 21% income growth despite one-time provisions and labour code charges.
Bank Deposits, Advances Plunge Rs 10.5 Lakh Crore After March-End
Bank deposits and advances fell sharply by Rs 10.5 lakh crore in the fortnight to April 15, 2026, after a year-end spike, revealing temporary balance sheet adjustments and window dressing.
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Pune Court Sentences Two in Rs50 Lakh Loan Fraud Case
A special CBI court in Pune sentenced a businessman and a bank credit manager to three years rigorous imprisonment for illegal sanction and disbursement of Rs50 lakh cash credit facility in 2010-11, causing Rs52.74 lakh loss to Central Bank of India.
RBI's New Calamity Chapter: Stricter Norms for Disaster Relief
RBI has introduced a dedicated 'calamity chapter' in its guidelines, separating disaster relief from general restructuring. Key changes include a 30-day default rule, suo moto relief, accrual income recognition, and 5% provisioning.
RBI Rejects Tata Sons' Bid to Avoid Public Listing
The RBI has rejected Tata Sons' argument to avoid a mandatory stock exchange listing, clarifying that equity from group companies accessing capital markets counts as indirect public funds.
Indian Bank Meets Most FY26 Targets, Cost-Income Miss
Indian Bank met or exceeded nearly all FY26 guidance metrics, with cost-to-income ratio the lone miss at ~46% vs 45% target. Net profit grew 11% to Rs 12,156 crore.
Indian Overseas Bank FY26 Net Profit Crosses Rs 5,000 Crore
Indian Overseas Bank's annual net profit crossed Rs 5,000 crore for the first time in FY26, rising 56% to Rs 5,209 crore, driven by higher income and lower provisions.
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Consumer Panel Orders Bank, Insurer to Pay Rs 5 Lakh
Gujarat State Consumer Disputes Redressal Commission orders Union Bank and Oriental Insurance to jointly pay Rs 5 lakh to Bharti Prajapati for rejecting her husband's insurance claim on technical grounds.
City Union Bank Aims for 15-18% Loan Growth, Conservative Model
City Union Bank plans to maintain its conservative lending model and outpace industry growth by 2-3 percentage points, targeting 15-18% loan growth while keeping LDR at 85-87%.
City Union Bank Targets 15-18% Loan Growth Under New CEO
City Union Bank aims to maintain its industry-beating growth of 2-3% above average, with a conservative lending model. New CEO R Vijay Anandh targets 15-18% loan growth and stable LDR of 85-87%.
Telangana Releases Rs 1,000 Crore for Employee Dues
Telangana government releases Rs 1,000 crore to clear pending GPF dues of retired employees, fulfilling assembly promise and increasing monthly allocation from Rs 700 crore.
Kolhapur Cop Booked for Bribery, Accomplice Arrested
A police head constable and his accomplice were booked for demanding a Rs50,000 bribe to release an impounded car in Kolhapur. The ACB arrested the accomplice.
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Mastermind of Assam Trading Scam Arrested in Silchar
Jaideep Dutta, the alleged mastermind of a major trading scam in Assam's Barak Valley, was arrested in Silchar. He had cheated investors of crores of rupees.
Delhi CM Launches Lottery System for GST Officer Postings
Delhi CM Rekha Gupta introduces a lottery-based posting system for GST officers to ensure transparency and curb corruption, with 87 officers allotted wards through a videographed process.
Hyderabad Woman Arrested for Rs 6.5 Crore Real Estate and Chit Fund Scam
A 48-year-old woman from Hyderabad was arrested for allegedly cheating 10 people of Rs 6.5 crore through fake real estate and chit fund schemes. She had been on the run since 2020.
Indian Bank Targets 95% Digital Transactions, Ram and Infrastructure Growth
Indian Bank MD Binod Kumar says Ram and infrastructure lending will drive growth, targeting 95% digital transactions. The bank focuses on technology and retail loans.
Kevin Warsh Fed Nomination Approved by Senate Panel
Kevin Warsh's nomination to lead the Federal Reserve clears Senate Banking Committee on party-line vote. Full Senate confirmation expected next month, before Powell's term ends.
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India Domestic Air Traffic Rises to 4.37 Crore in Q1
India's domestic air traffic reached 4.37 crore in the March quarter. In March alone, 1.44 crore passengers flew, but flight delays impacted 1.21 lakh travelers.
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