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Mumbai: The government may propose the introduction of the Banking Governance Bill on February 1, 2026, in the Union Budget presentation, a move aimed at enabling public sector banks (PSBs) finance large projects by themselves. The draft legislation is expected to make PSUs more professional, competitive, and technology‑driven, as well as strengthen board composition and…
Last Updated:January 06, 2026, 1:38 PM IST Maximise your FD returns without risk: ladder FDs, diversify across banks, choose payout wisely, and compare rates to make your savings work smarter. Another key tip is to choose interest payout options wisely. FDs can pay interest monthly, quarterly, or at maturity. You can use some FDs for…
Last Updated:December 27, 2025, 04:28 IST The bank clarified that it has already made 100 per cent provisions for the entire outstanding amount The current fraud classification by PNB follows forensic audits—conducted by firms such as KPMG—that flagged irregularities including the siphoning of funds through “related-party transactions’ and the ‘evergreening’ of loans to mask non-performing…
New Delhi31 minutes ago copy link Yesterday’s big news was related to the price of gold and silver and the market value of companies. There was a big rise in the prices of gold and silver this week. According to India Bullion and Jewelers Association (IBJA), on November 21, 10 grams of gold was worth…
Mumbai: IndusInd Bank on Friday clarified that the reported accounting irregularities amounting to Rs 255 crore are not part of any new investigation. The bank stated that the matter had already been investigated in an earlier probe conducted by an independent external agency, whose report was submitted in April 2025. In a filing to the…
Delhi NCR Builder Bank Unholy Nexus: The Supreme Court on Tuesday allowed the CBI to register six more regular cases regarding the ‘impure alliance’ between banks and developers to cheat home buyers in real estate projects in Mumbai, Bangalore, Kolkata, Mohali and Prayagraj. A bench of Justice Suryakant, Justice Ujjwal Bhuiyan and Justice N. Kotishwar…
New Delhi: The amount of loans disbursed by Scheduled Commercial Banks (SCBs) in India grew 9.5 per cent YoY in Q1FY26, slightly lagging deposit growth at 10.1 per cent, with growth expected to remain moderate ahead, a report said on Wednesday. The credit cost of SCBs increased by 19 bps YoY, and also a marginal…
Last Updated:January 18, 2025, 02:13 IST The deceased, Giri Venkatesh, and his colleague Shivakumar arrived near the ATM at the Shivaji Park area in Bidar, where the State Bank of India (SBI) main office was, to refill the machine. While Venkatesh succumbed to five gunshot wounds, Shivakumar is being treated at…Read More CCTV footage captured…
Banking Laws (Amendment) Bill, 2024: The Lok Sabha on Tuesday passed the Banking Laws (Amendment) Bill, 2024, which allows bank account holders to have up to four nominees in their accounts. Another proposed change relates to redefining ‘substantial interest’ for directorships, which could increase to Rs 2 crore instead of the current limit of Rs…