Lok Sabha Panel Urges Banks to Scrap Minimum Balance Penalties
A Lok Sabha committee recommends eliminating minimum balance penalties after a Bengaluru entrepreneur's petition highlighted financial strain on low-income earners.
Category : Banking
Silver Jumps Rs 18,000, Gold Scales Rs 1.58 Lakh/10g
Silver prices surged by Rs 18,000 to Rs 2.6 lakh per kilogram, while gold climbed to Rs 1.58 lakh per 10 grams, driven by global cues and market volatility.
Shriram Finance's Azure Super App Hits 20M Downloads
Shriram Finance's cloud-native super app, Shriram One, built on Microsoft Azure, has crossed 20 million downloads with 63% of users from small towns and rural India. The app integrates lending, deposits, insurance, and payments, driving significant growth
Bank of Baroda IT Recruitment 2026: Last Day to Apply
Bank of Baroda closes online registration for IT Recruitment 2026 today, February 19, 2026. Apply for 418 technology positions including Officer, Manager, and Senior Manager roles.
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FIIs Dump Indian IT Stocks Amid AI Disruption Fears
Foreign institutional investors have withdrawn over Rs 10,956 crore from Indian IT stocks in February alone, as concerns grow that AI advancements could disrupt traditional software services business models. The Nifty IT index has declined 13% this year.
Silver Jubilee Actuaries Conference Focuses on Data-Driven Risk in Mumbai
The Silver Jubilee Actuaries Conference in Mumbai will explore how data-driven risk thinking can enhance insurance, pension coverage, climate risk management, and financial resilience for India's development.
Tesla Bull Calls Software Selloff a Generational Buying Chance
Dan Ives of Wedbush Securities views the $2 trillion software market cap loss as a historic buying opportunity, citing AI disruption fears as overblown and legacy strengths.
Gold May Hit Rs 1,63,000, Silver Holds Support: Nuvama
Abhilash Koikkara of Nuvama forecasts MCX gold extending rally to Rs 1,63,000 per 10 grams, with silver sustaining support. Technical analysis reveals bullish trends and key trading levels.
Gold Futures Increase on Spot Demand and Market Trends
Gold futures in India saw an increase, driven by strong spot demand and positive global market cues. Analysts attribute the rise to festive buying and economic factors.
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Kiaasa Retail IPO Opens Monday, Price Band Rs 121-127
Kiaasa Retail Limited's initial public offering is scheduled to open on Monday, February 23, 2026, with a price band of Rs 121 to Rs 127 per equity share, marking a significant move in the retail sector.
TCS Gains on Tata-OpenAI AI Infrastructure Partnership
Tata Group's collaboration with OpenAI to build a 100MW AI infrastructure by 2026 boosts TCS shares, signaling strong market confidence in Tata's AI ambitions.
Currency Markets Closed for Shivaji Jayanti Holiday
Indian currency markets are closed today in observance of Chhatrapati Shivaji Maharaj Jayanti. This annual holiday affects forex and money market operations nationwide.
Gold & Silver Prices Volatile After Record Highs: Outlook
Gold and silver prices have turned volatile after hitting record highs in early 2026, with significant corrections and ongoing market uncertainty. Experts analyze the outlook, target levels, and recent developments including margin withdrawals.
ICAI Special Group to Fast-Track High-Profile Financial Cases
The Institute of Chartered Accountants of India establishes a special group to prioritize public interest cases like Gensol Engineering and IndusInd Bank, with findings expected in two months.
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SBI Mutual Fund's $1.5 Billion IPO Filing by Mid-March
SBI Mutual Fund, India's largest fund house, plans to file its $1.5 billion IPO offer document by mid-March through a confidential route, with SBI and Amundi selling stakes.
EPFO May Form Committee to Revise Investment Strategy for Higher Returns
The Employees Provident Fund Organisation is considering a high-powered committee to study its investment policy, aiming for better returns on its Rs 31 lakh crore corpus. The move could expand equity investments beyond ETFs.
Two Arrested in Sundargarh for Rs 4.19 Crore Bank Fraud
Police in Sundargarh district arrested two men for operating mule accounts in a private bank, facilitating suspicious transactions exceeding Rs 4.19 crore on behalf of cyber fraudsters.
Dehradun Bank Crisis: RBI Restrictions Spark Depositor Outcry
Account holders of Urban Co-operative Bank Ltd in Dehradun protest after RBI imposes six-month withdrawal ban, leaving Rs 124 crore deposits stuck. Depositors demand swift action and accountability.
Collective Responsibility Key for Viksit Bharat 2047: Retired IAS Officer
Retired IAS officer Debasish Panda emphasized that India's goal of becoming a developed nation by 2047 requires collective effort from all sectors, not just government action, during Karnataka Bank's Founders' Day lecture.
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ICAI to Implement ISAS from February End to Boost Audits
The Institute of Chartered Accountants of India (ICAI) will introduce comprehensive Indian Standards on Auditing (ISAS) from late February 2026. These new standards will be voluntary for the initial six months before becoming mandatory for all member CAs,
EY India Launches AI-Powered Tax Solutions for Businesses
EY India has introduced AI-enabled enterprise tax solutions, leveraging artificial intelligence to streamline tax processes, enhance compliance, and improve accuracy for businesses across sectors.
ICAI to Implement New Information Systems Audit Standards
The Institute of Chartered Accountants of India (ICAI) is set to implement new information systems audit standards and collaborate with SEBI, RBI, and other regulators to expand their application across sectors.
SEBI Forms Working Group to Review ESG Rating Providers Framework
The Securities and Exchange Board of India (SEBI) has formed a working group to comprehensively review the regulatory framework for ESG rating providers, aiming to enhance transparency and reliability in sustainable investing.
Sebi Forms Group to Review ESG Rating Regulations
Sebi establishes a working group to review ESG Rating Provider regulations, aiming to enhance transparency and align with global practices based on stakeholder feedback.
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Rupee Rises 5 Paise to Close at 90.67 vs US Dollar
The Indian rupee appreciated by 5 paise to settle at 90.67 against the US dollar, driven by positive domestic equity trends and foreign fund inflows.
Mortgage Loans: Apply with Minimal Documentation Now
Banks and financial institutions are offering mortgage loans with simplified documentation processes, making it easier for borrowers to secure financing for property purchases.
Emerald Finance Expands Earned Wage Access with Employer Deals
Emerald Finance Limited has enhanced its earned wage access platform by securing multiple employer partnerships, aiming to improve financial flexibility for employees across India.
Rupee Gains 5 Paise to 90.67 Against US Dollar in Early Trade
The Indian rupee appreciated by 5 paise to trade at 90.67 against the US dollar in early trade on February 18, 2026, after opening at 90.60 at the interbank foreign exchange market.
Upcoming Bank Holidays in India: February 2024 Schedule
Planning a bank visit? Check the latest holiday list for February 2024, including state-specific closures like Losar in Sikkim and Chhatrapati Shivaji Maharaj Jayanti in Maharashtra. Learn how digital services remain available.
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BOB IT Recruitment 2026: Apply by Feb 19 for 418 Tech Jobs
Bank of Baroda closes online registration for IT Recruitment 2026 tomorrow, February 19, 2026. Apply for 418 posts in software, cybersecurity, and more. Check eligibility, fees, and how to apply.
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