RBI Projects India’s CPI Inflation at 3.1% for FY26 Amid Favorable Monsoon
In a promising update for India’s economy, the Reserve Bank of India (RBI) has projected the Consumer Price Index (CPI) inflation at 3.1% for the financial year 2025-26. This optimistic…
RBI Simplifies Process for Opening Special Rupee Vostro Accounts
The Reserve Bank of India (RBI) has made a significant change to streamline the process for opening Special Rupee Vostro Accounts (SRVAs). On Tuesday, the central bank announced that banks…
Tata Capital aims for $2 billion IPO with Sebi approval
Tata Capital, the financial services arm of the Tata Group, has taken a significant step toward launching one of India’s largest IPOs. The non-banking financial company recently filed updated draft…
RBI MPC Meeting: Economists Predict 25 Bps Rate Cut Amid US Tariff Concerns
The Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, spanning from August 4 to 6, has captured the attention of economists and market watchers alike. This crucial gathering comes…
Mumbai Tourists Scammed by Fake Della Resort Websites
Mumbai is once again in the spotlight for cyber fraud, but this time it involves tourists and a popular resort. Scammers created fake websites impersonating Della Adventure & Resorts, duping…
India’s Options Trading not Overleveraged, says Zerodha CEO
Nithin Kamath, the Founder and CEO of Zerodha, recently dismissed claims that India’s options trading volumes indicate overleverage compared to the US. His comments come amid growing concerns about market…
MTNL Debt Resolution Expected in Four Months, Says PNB CEO
State-owned telecom operator Mahanagar Telephone Nigam Ltd (MTNL) is likely to see its debt resolution materialize within the next three to four months. Ashok Chandra, Managing Director and CEO of…
RBI Warns Against Unethical Lending Practices Amid Rising Competition
The Reserve Bank of India (RBI) has issued a stern warning about the growing trend of unethical practices in the banking sector. Deputy Governor J Swaminathan highlighted how intense competition…
Delhi LG Adds Banking, NBFCs, and Gas Supply as Public Utility Services
In a move that promises faster resolution for financial and service disputes, Delhi Lieutenant Governor V K Saxena has approved the inclusion of banking, non-banking financial companies (NBFCs), and gas…
IndusInd Bank Q1 Profit Plummets 72% Amid Rising Bad Loans
IndusInd Bank just reported a shocking 72% drop in net profit for the June quarter, falling to ₹604 crore from ₹2,171 crore a year earlier. The slump comes as the…