Jharkhand Tops India in Bank Account Re-KYC at 51%
Jharkhand achieves 51% Re-KYC completion for bank accounts, leading India. RBI launches financial literacy week focusing on secure banking and preventing cyber fraud through KYC awareness.
Category : Banking
RBI Patna KYC Financial Literacy Week 2026 Launched
RBI Patna office inaugurated Financial Literacy Week 2026 with theme 'KYC—Your first step to safe banking' to educate public on digital banking risks and safeguards.
BDCC Bank Warns of Legal Action Against False Claims
Belagavi District Central Cooperative Bank threatens legal notices against individuals spreading misinformation, defends loans to contractors and sugar factories, and announces employee insurance scheme.
RBI Raises MSME Collateral-Free Loan Limit to Rs 20 Lakh
The Reserve Bank of India has increased the collateral-free loan limit for Micro, Small, and Medium Enterprises from Rs 10 lakh to Rs 20 lakh to enhance credit accessibility and support business growth.
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MFs Halve Ownership Gap with FIIs in NSE Firms to 5.5%
Domestic mutual funds have dramatically narrowed their shareholding gap with foreign institutional investors in NSE-listed companies, reducing it from 10.51% to 5.5% between December 2022 and December 2025. This shift is driven by robust retail inflows th
Silver Jumps 6%, Gold Rises on Firm Global Trends
Silver prices surged 6% to Rs 2.72 lakh per kg, while gold increased by Rs 1,300 to Rs 1,58,500 per 10 grams, driven by strong global market trends and investor demand.
PSBs Post Record Rs 52,603 Crore Profit in Q3 FY26
India's public sector banks achieved a record cumulative profit of Rs 52,603 crore in Q3 FY26, marking an 18% year-on-year increase. State Bank of India led the surge with a 24% profit rise, contributing 40% of total earnings.
Fractal Analytics IPO Subscribed Just 0.09 Times on Opening Day
The Fractal Analytics IPO opened to a muted response, with overall subscription at 0.09 times. Retail portion saw 0.35 times subscription while NIIs booked just 0.07 times. The ₹2,834 crore issue has a price band of ₹857-900 per share.
Crypto Sentiment at 42-Month Low, Bitcoin Hits $60K, Traders Turn to AI
Cryptocurrency market sentiment plunges to its lowest in 42 months as Bitcoin falls to $60,000 and Solana dips. Traders are migrating to DeepSnitch AI amid rumors of potential 200x returns.
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Brandman Retail IPO Allotment: How to Check Status Today
Brandman Retail's SME IPO allotment is scheduled for February 9. The issue was oversubscribed 114.48 times. Learn how to check allotment status on NSE and Bigshare Services.
UAE Issues Commemorative Coins for AI University's 5-Year Anniversary
The UAE Central Bank has released a limited edition of gold and silver commemorative coins to mark five years since Mohamed bin Zayed University of Artificial Intelligence opened, celebrating its growth and achievements in the nation's AI ecosystem.
PAN HR Solutions IPO: Final Day, GMP, Subscription Status
The PAN HR Solutions SME IPO subscription closes tomorrow. The issue aims to raise ₹17.04 crore, with a price band of ₹74-78 per share. Grey market premium stands at ₹0, indicating muted investor sentiment.
Rupee Falls 9 Paise to 90.74 vs Dollar in Volatile Trade
The Indian rupee depreciated by 9 paise to close at 90.74 against the US dollar on February 9, 2026. Forex traders reported high volatility as positive domestic equities and foreign fund inflows were offset by investor risk-off sentiment.
SC Orders RBI, Banks to Speed Up Digital Fraud Actions
The Supreme Court has mandated the RBI and banks to implement timely measures against digital fraud, emphasizing consumer protection and faster complaint resolution in India's financial sector.
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SBI Life Holds Paisalo Digital Stake; FPIs Increase Holdings
SBI Life maintained its 6.83% stake in Paisalo Digital in Q3 FY26, while FPIs raised holdings to 20.89%. The NBFC posted a 6.6% YoY profit rise to ₹66.3 crore and reported strong net interest income growth.
Grover Jewells IPO Allotment Date Expected Today
The SME IPO of Grover Jewells Ltd concluded with strong demand. Investors await the allotment status, expected on February 9, with shares listing on NSE SME on February 11. Here's how to check your status.
PB Fintech's PB Pay Gets RBI Payment Aggregator License
PB Fintech's subsidiary PB Pay has received RBI authorization to operate as a payment aggregator, enabling digital payment processing and reducing third-party dependency.
Mutual Fund Boom in India Faces Critical Advisory Shortage
India's mutual fund industry is experiencing explosive growth with millions of new investors, but a severe shortage of qualified financial advisers threatens long-term wealth creation and financial inclusion goals.
Bank of Baroda Hiring 166 Managers: Apply by Feb 26, 2026
Bank of Baroda has launched recruitment for 166 managerial positions including Senior Manager and Manager roles. Applications open online until February 26, 2026 with multi-stage selection process.
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AI Fears Trigger IT Stock Crash, Billions Wiped Out
Nifty IT index plunges 8% in three sessions, losing Rs 2.5 lakh crore as AI tools from Anthropic and Palantir threaten traditional outsourcing models. Analysts warn of up to 12% revenue hit over three to four years.
Silverline Tech Hits 10th Upper Circuit on AI Buzz
Silverline Technologies share price locked at 5% upper circuit for the tenth straight session, surging over 62% in ten days amid strong buying. The AI platform 'SilverAI' gains traction with 24,000 users in a week, targeting 5 lakh users and annual revenu
Sebi's SWP, STP Proposal for Demat Mutual Fund Investors
Sebi's new proposal extends systematic withdrawal and transfer plans to demat mutual fund holdings, aiming to simplify cash flow and ensure parity with statement accounts.
HDFC Bank Employee Threatens Customer in Viral Video
A video of an HDFC Bank employee threatening a customer with caste-based remarks has gone viral, raising serious concerns about service ethics and corporate accountability in India's banking sector.
RBI Policy Disappoints Bond Markets, Yields Rise
The RBI's latest monetary policy kept rates unchanged as expected but disappointed bond investors by lacking fresh liquidity measures, causing yields to rise slightly. Experts advise caution in the near term but remain constructive on medium-to-long-term
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Novo Nordisk Stock Jumps 8.6% After Rival Drug Withdrawal
Novo Nordisk shares surged over 8% after Hims & Hers pulled its compounded semaglutide weight-loss drug from the market following US regulatory scrutiny.
SBI Q3 Profit Up 24.5%, But Non-Core Income Plays Key Role
State Bank of India reported a 24.5% rise in Q3 profit to ₹21,030 crore, driven partly by non-core items like a mutual fund dividend. Loan growth exceeded expectations, but margin expansion faces challenges ahead.
Ghosh Calls for Longer Bank CEO Terms to Enhance Long-Term Planning
Former Bandhan Bank CEO Chandra Shekhar Ghosh emphasizes the need for longer tenures for bank chiefs to enable effective long-term strategic planning and reflects on his leadership journey.
India's Path to Homegrown Audit Giants Rivaling Big Four
India possesses abundant CA talent but lacks large domestic audit firms. Legislative changes, ICAI leadership, and access to capital and technology are crucial to realizing PM Modi's vision of Indian-origin global audit powerhouses.
RBI Rate Pause Shocks Bond Market, Debt Funds Hit Hard
The RBI's decision to maintain the repo rate has jolted the bond market, causing yields to spike and delivering sharp losses to long-duration debt funds, with experts predicting a prolonged pause in rate cuts.
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Gold Prices Jump to Rs 1.57 Lakh on Safe-Haven Demand
Gold prices in India soared on Monday, reaching Rs 1.57 lakh per 10 grams, driven by a rebound in global markets, a weaker US dollar, and increased demand for safe-haven assets. Silver also surged nearly 5% to Rs 2.61 lakh per kilogram.
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