Barclays CEO: India Central to AI Revolution in Banking
Barclays CEO C S Venkatakrishnan reveals India's pivotal role in the bank's AI transformation, with 30,000 employees driving innovation from cost centers to knowledge hubs.
Category : Banking
EPFO Keeps 8.25% Interest Rate Unchanged for Third Year (04.03.2026)
The Employees Provident Fund Organisation has recommended maintaining the interest rate at 8.25% for the current financial year, benefiting nearly 31 crore subscribers. This decision comes amid weak market conditions and aims to ensure stable retirement s
Dengue Death Not Accident, LIC Ordered to Pay Rs 10 Lakh
The Ghaziabad consumer commission ruled that dengue death does not qualify as an accident under insurance, but directed LIC to pay the sum assured due to lack of proof of fraud.
Rapido Driver's Accounts in Rs 550 Crore Money Laundering Case
A 28-year-old Rapido bike driver in Ahmedabad, earning Rs 10,000-12,000 monthly, is central to a Rs 550 crore money laundering case. The ED alleges his accounts routed illegal betting funds and manipulated stock prices, exposing a network of bogus firms.
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IOB Gets Rs 766 Crore Tax Notice, Will Appeal
Indian Overseas Bank receives a Rs 766 crore income tax demand for assessment year 2015-16, citing recomputation and disallowances. The bank plans to appeal, expecting no financial impact.
Central Bank of India SO Registration 2026: 275 Posts Open
Central Bank of India has initiated online registration for 275 Specialist Officer positions across technology and finance divisions. The application window closes on March 23, 2026, with a two-stage selection process.
RBI Deputy Governor's Career Advice to IIM Jammu Students
RBI Deputy Governor M. Rajeshwar Rao urged IIM Jammu students to prioritize customer financials and governance in their careers, emphasizing ethical practices and respect in the financial sector.
RBI Updates Status on Rs 2,000 Banknotes for 2026
The Reserve Bank of India has provided a comprehensive update on the status of Rs 2,000 banknotes, detailing circulation figures and future plans up to 2026.
JPMorgan CEO Jamie Dimon Details AI's 600+ Banking Use Cases
JPMorgan Chase CEO Jamie Dimon reveals artificial intelligence now supports hundreds of functions across banking operations, from fraud detection to underwriting, while predicting AI could enable a four-day workweek within decades.
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EPFO Keeps 8.25% Interest Rate Unchanged for Third Year
The Employees Provident Fund Organisation recommends maintaining the 8.25% interest rate for FY 2024-25, benefiting 31 crore subscribers. The decision aims to ensure stable retirement savings despite market challenges.
SBI Fined Rs 2 Lakh for Not Returning Loan Documents After Repayment
The North Goa District Consumer Dispute Redressal Commission has directed SBI to compensate a Porvorim resident with Rs 2 lakh for failing to return property documents post-loan repayment, citing negligence and unfair trade practices.
58 Special Trains for Post-Holi Rush in Patna by ECR
East Central Railway announces operation of 58 special trains from March 5 to clear post-Holi passenger rush. Key routes include Patna-New Delhi, Danapur-Bengaluru, and Patna-Puri services.
BDCC Bank Penalty Due to Past Irregularities: Jarkiholi
Balachandra Jarkiholi clarifies RBI's Rs 2 lakh penalty on Belagavi District Central Cooperative Bank stems from 2019 irregularities under former chairman, not current leadership.
EPFO Keeps 8.25% Interest Rate for FY 2025-26
The Indian government maintains the EPF interest rate at 8.25% for 2025-26, benefiting millions of workers. The EPFO board also approved an amnesty scheme and digital reforms to simplify compliance.
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SEBI Cuts FPI Registration to 5 Days via Digital Shift
SEBI has mandated digital processes to reduce FPI registration time from 30 days to 5 days, enhancing ease of doing business for foreign investors in India.
IIFL Finance Launches Suvarna Dhara Gold Loan for Quick Financing
IIFL Finance introduces Suvarna Dhara, a new gold loan product offering rapid disbursal and flexible terms to meet diverse financial needs against gold collateral.
Metal Stock Rises on Chhattisgarh Govt's Expansion Approval
A prominent metal stock is in focus after receiving approval from the Chhattisgarh government for a significant capacity expansion, with plans to increase production by 2026.
RBI Assistant 2025 Registration Ends March 8, 2026
The Reserve Bank of India will close online applications for RBI Assistant Recruitment 2025 on March 8, 2026. Candidates must apply via the official portal before the deadline.
PFC's 17-Year Journey as a DFI and National Development Catalyst
Power Finance Corporation celebrates 17 years of its strategic business unit, PT SMI, highlighting its evolution into a key development finance institution driving India's infrastructure growth and sustainable projects.
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IBPS Clerk Mains Result 2026 Out: Download Score Card
IBPS has released the Clerk Mains Result 2026 for 15,684 posts. Candidates can check qualifying status, merit position, and score card on the official website ibps.in as of March 2, 2026.
SEBI Aligns Disclosure Norms with Global Standards, Boosts Surveillance
SEBI Chairman Madhabi Puri Buch announces enhanced disclosure norms matching global benchmarks and strengthened real-time surveillance to boost market integrity and investor confidence in India.
SEBI Uses Data & Warnings to Curb Retail Losses in F&O
SEBI Chairman Madhabi Puri Buch announces targeted measures, including data analytics and warnings, to reduce retail investor losses in the high-risk futures and options segment.
SEBI Removes 1.2 Lakh Misleading Finfluencer Posts
SEBI has removed 1.2 lakh misleading posts by financial influencers and deployed AI tools to monitor social media, enhancing market integrity and investor protection.
Fino Payments Bank CEO Arrested in GST Evasion Investigation
The Directorate General of GST Intelligence arrests Fino Payments Bank CEO Rishi Gupta over alleged Rs 3,000 crore GST evasion, sparking industry concerns about enforcement proportionality and governance continuity in financial services.
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EPFO Committee Approves NCD Buyback Proposal
The EPFO's investment committee has approved participation in a voluntary buyback of Delhi Mumbai Expressway NCDs, with the final decision pending from the central board of trustees on Monday.
New Income Tax Rules & Forms 2026: Complete Guide
Explore the upcoming changes in India's income tax system for 2026, including new rules, revised forms, and key compliance deadlines for taxpayers and businesses.
Bank of Baroda Fraud: Accused's Family Arrested in Embezzlement
Para police arrested three more individuals, including the mother and wife of main accused Shiva Rao, in a multi-crore embezzlement case at a Bank of Baroda branch. Cash, jewellery, and devices were recovered.
IDFC Bank Fraud: Another Accused Held in Haryana
Haryana Police have arrested another individual in connection with the IDFC First Bank fraud case, with authorities intensifying scrutiny of the money trail and financial transactions involved.
Hero Electric Ordered to Refund Rs 94,153 for Service Failure in Goa
The North Goa District Consumer Disputes Redressal Commission has directed Hero Electric Vehicle to refund Rs 94,153 to a Panaji resident for service deficiency and pay Rs 10,000 compensation for physical and mental agony.
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SBI Leases Navi Mumbai Office for Global IT Centre
State Bank of India has leased 1.34 lakh sq ft in Airoli, Navi Mumbai, for its global IT centre at Rs 125.05 per sq ft monthly rent, reflecting tech investment and demand for Grade A office spaces.
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