Bs Reporter

State-owned banks PNB and Central Bank of India report strong double-digit credit growth in FY26, with advances rising faster than deposits across lenders

₹1/GB data tax could fetch ₹30,000 crore but raise mobile bills by up to 20%, says IIFL; proposal may face pushback over regressive impact

Irdai retains LIC, New India Assurance and GIC Re as systemically important insurers for FY26, mandating enhanced supervision, governance norms and risk management oversight

Irdai asks insurers to assess compliance with dark pattern norms within 15 days and submit corrective action plans within a month for any non-compliance

Franklin Templeton MF launches its first specialised investment fund, Sapphire Equity Long-Short SIF, using a quantitative strategy with selective shorting to manage downside risks

'India's venture and governance evolution an instructive model to unlocking opportunities'

Term insurance becomes crucial after 30 as premiums rise with age; locking in early ensures stable costs and financial protection for dependents, helping secure long-term goals and liabilities

Advances at select mid- and small-sized private banks grew faster than deposits in FY26, reflecting tighter funding conditions across the sector

YES Bank appoints S Anantharaman as Chief Risk Officer to oversee enterprise-wide risk, including credit, market, and operational frameworks

Inox Clean Energy acquires Macquarie-owned Vibrant Energy for about ₹5,000 crore, boosting its portfolio and strengthening its presence in the C&I renewable segment

Niyo Forex launches Chennai branch as part of its expansion plan, targeting Tamil Nadu's outbound travel and remittance demand with a phygital model and wider service network

PB Fintech subsidiary receives adverse order under Benami law; company says it will appeal and sees no immediate financial impact

TMICC completes acquisition of majority stake in Kwality Wall's India from Unilever, with mandatory tender offer underway and listing to continue on Indian bourses

Central bank extends deadline by three months after industry flags operational and interpretational issues; also clarifies rules on acquisition finance and capital market exposure

Consortium investment to value Nxtra at $3.1 billion as Airtel scales AI-ready data centres and targets 1 GW capacity amid rising demand for digital infrastructure

BlackSoil Capital invests Rs 40 crore in Indifi to strengthen SME lending capabilities and support expansion of digital credit solutions for underserved businesses

Family crosses 30% stake in Religare Enterprises through open market purchases, with potential to exceed 34% after warrant conversion next year

Domino's operator says LPG supply constraints due to West Asia tensions have had limited impact so far, as it shifts towards alternative energy sources like PNG and electricity

The merger will create a $2-billion packaging platform combining flexible and rigid capabilities, with a strong focus on emerging markets and global expansion

The state government reversed its five-year ban on Bank of Baroda within a day, following the lender's representation over alleged lapses in fund transfers under a state scheme