Banks

With Rajesh Exports facing regulatory pressure and concerns about LIC's exposure to the beleaguered gold jewellery firm, Chairman Rajesh Mehta has distanced himself from the insurer's investment decisions, arguing that ordinary retail shareholders stand to gain regardless of how the situation plays out. "LIC has not purchased the shares yesterday or last year. LIC's purchases are over a period of time, approximately 20 years. These shares have been taken by LIC from the open market, from the stock market," Mehta told PTI in an interview. Currently, LIC holds a 10.80 per cent stake in Rajesh Exports. Mehta was categorical that neither he nor other promoters had any role in LIC's accumulation of the stock. "No promoter has ever sold his shares to LIC. The company has never made any placement to LIC. By the buying of shares by LIC, the company or the promoters have never benefited in any manner," he said. Mehta said the company had no relationship with or knowledge of LIC's investmen

Bank lending expanded at 16.2 per cent in the year through May 15, the fastest clip in two years, with credit demand exceeding deposit growth for the eighth straight month

For banks, a higher leverage ratio is generally a sign of stronger capitalisation, not higher risk

Digital NBFCs accounted for 77 per cent of personal loan sanction volumes and 19 per cent of sanction value in FY26, even as growth in loan volumes slowed sharply

The Bengaluru-based lender turned profitable following its merger with North East Small Finance Bank, with total income more than doubling in FY26

CBDT has asked banks, mutual funds and other reporting entities to ensure timely and error-free filing of Statements of Financial Transactions

In this session, Nidhi Srivastava, CEO, DigiArmorX, ex-Deutsche Bank, talks on cybersecurity, scope for MBAs and others.

RBI eases IFR norms for banks under revised investment portfolio framework

The Reserve Bank of India said prevailing systemic risk conditions do not warrant activating the countercyclical capital buffer for banks at this stage

For years, many bank boards drifted into operational minutiae-approving individual loans, vetting vendors, weighing in on promotions of executives - instead of setting up policies

The Reserve Bank of India (RBI) is expected to pay the highest-ever dividend to the government, providing the Centre with a fiscal cushion to address challenges arising from the ongoing Middle East crisis, sources said. Last year the RBI made a record dividend payout of Rs 2.69 lakh crore to the central government for 2024-25, 27 per cent higher than Rs 2.11 lakh crore transferred in the previous year. RBI is likely to decide about dividend quantum in its board meeting expected to be held during this month, sources said. The transferable surplus for any financial year is arrived at on the basis of the revised Economic Capital Framework (ECF) as approved by the Central Board of the RBI. The revised framework stipulates that the risk provisioning under the Contingent Risk Buffer (CRB) be maintained within a range of 7.50 to 4.50 per cent of the RBI's balance sheet. As per the Budget documents, the Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of

The central bank cited inadequate capital, weak earnings prospects, and regulatory non-compliance while directing the Maharashtra registrar to initiate winding-up proceedings

MD & CEO Amitava Chatterjee says the bank aims to become a national player with a stronger retail footprint outside Jammu & Kashmir

The challenges before the performance-linked incentive structure of senior PSB executives

South Indian Bank reported a 19.3 per cent rise in fourth-quarter net profit, helped by a sharp fall in provisions and steady growth in loans and deposits

India has asked banks to stay on high alert over Anthropic’s powerful new AI model, Claude Mythos. Why is an unreleased AI tool triggering alarms in Delhi, London and Washington?

The Lucknow bench of the Allahabad High Court on Friday expressed displeasure over what it termed a growing tendency of banks to arbitrarily freeze accounts, observing that a bank acts as a trustee and not an investigative agency. A division bench of Justice Shekhar B Saraf and Justice Avadhesh Kumar Chaudhary imposed a cost of Rs 50,000 on Indian Overseas Bank for freezing a customer's account without valid justification, directing that the amount be paid to the account holder within four weeks. The order came while allowing a petition filed by M/s SA Enterprises, a company which deals in fishery machinery. In its plea, the company stated it had received Rs 23 lakh in its bank account through RTGS on January 16, 2026. The bank froze the account citing suspicion as the firm had declared an annual income of Rs 5.76 lakh at the time of opening the account. In its defence, the bank argued that the transaction appeared suspicious and the action was taken under provisions of the Prevent

Financial Services Secretary M Nagaraju on Friday said the High-Level Committee on Banking for Viksit Bharat announced in this year's Budget will look into public sector banks'balance sheet constraints, so that they can leverage their capital. The government is expected to announce the terms of reference for the panel. "This committee is expected to review the banking sector with a focus on making it more effective, more inclusive, and better aligned with India's growth needs, while maintaining financial stability," he said at the ICPP Growth Conference here. Finance Minister Nirmala Sitharaman had proposed setting up a high-level committee on banking to comprehensively review the banking sector. "I propose setting up a 'High Level Committee on Banking for Viksit Bharat' to comprehensively review the sector and align it with India's next phase of growth, while safeguarding financial stability, inclusion and consumer protection," she had said in the Budget speech on February 1, ...

RBI has allowed banks to implement suo motu loan resolution for borrowers affected by natural calamities, setting timelines for invocation and completion

Excluding one-off gains, profit rises 11% YoY as margin strength, improved asset mix and steady loan growth support performance