Author: admin@thebankingtimes.in
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Chief Manager Dies by Suicide in Baramati, Cites Work Pressure in Note
Baramati, Pune |In a tragic incident that has sent shockwaves through the banking community, a senior official of a nationalised bank died by suicide late Thursday night inside the bank’s branch premises in Baramati, Pune district. The official was identified as Shivshankar Mitra, reportedly in his late 40s, who was serving as Chief Manager. According…
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Where Does India Invest the Most? RBI Reveals Top Destinations for Outward FDI in Q1 FY 2025
India’s outward foreign direct investment (OFDI) stood at a robust USD 6.65 billion in the first quarter of FY 2025 (April 1 to June 30, 2025), according to data released by the Reserve Bank of India (RBI). The report outlines country-wise investment figures comprising equity, loans, and guarantees, showcasing India’s expanding global business footprint. Total…
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RBI Extends Restrictions on Sarvodaya Co-operative Bank Ltd. Till October 15, 2025
The Reserve Bank of India (RBI) has extended the regulatory restrictions on Sarvodaya Co-operative Bank Ltd., Mumbai for another three months, until the close of business on October 15, 2025. The extension is issued under the powers granted to RBI by Section 35A read with Section 56 of the Banking Regulation Act, 1949. This latest…
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RBI Proposes Simplified Compliance for Small-Value Exporters in EDPMS
Draft Guidelines Released for Reconciliation of Shipping Bills in Export Data Processing and Monitoring System (EDPMS) The Reserve Bank of India (RBI) has announced a move to ease compliance burdens for exporters—particularly those dealing in small-value shipments—by proposing simplified reconciliation procedures within the Export Data Processing and Monitoring System (EDPMS). What is EDPMS? Introduced in…
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Big Opportunity for Fixed-Income Investors: Govt to Auction ₹27,000 Cr Worth of G-Secs on July 18
Here’s how you can benefit from the upcoming RBI auction of Government Securities If you’re looking for a safe and stable investment option backed by the Government of India, mark your calendar: July 18, 2025. That’s when the RBI will auction two high-value Government Securities (G-Secs) worth a combined ₹27,000 crore. This is a great…
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Income Tax Department Uncovers ₹1,045 Crore Fraud in False Deduction Claims
Crackdown on Bogus Tax Refund Rackets Targets Over 150 Locations Across India In a major nationwide operation, the Income Tax Department has launched a large-scale verification drive targeting individuals and professional intermediaries involved in filing fraudulent Income Tax Returns (ITRs). The move comes after detecting widespread misuse of deduction and exemption clauses under the Income-tax…
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WPI Inflation Turns Negative at -0.13% in June 2025 Amid Falling Food and Fuel Prices
Drop in Vegetable, Fuel, and Metal Prices Pushes India’s Wholesale Inflation into Negative Zone The Wholesale Price Index (WPI) inflation in India dropped to -0.13% in June 2025, marking a significant shift as prices of food articles, fuel, and basic metals saw a considerable decline. This contrasts with the 0.39% rate in May 2025 and…
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Driving India on Credit: 42.4 Lakh Cars Bought on Loans in FY25
India’s automotive aspirations are increasingly being financed by credit. In FY25 alone, 42.4 lakh auto loans were disbursed, painting a clear picture—owning a car in India today is largely a loan-driven journey. This article delves into the evolving dynamics of the auto loan market, the performance of various lenders, and emerging borrower behaviours based on…
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Public Sector Banks Regain Dominance in India’s Home Loan Market
The Indian home loan sector has witnessed a notable shift in recent years, with Public Sector Banks (PSBs) reclaiming their leadership position in both loan originations and portfolio growth. Backed by competitive pricing, improved asset quality, and widespread outreach, PSBs have emerged as the preferred choice for home loan borrowers in FY25. 📊 Market Share…
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Kochi Man Loses ₹4 Lakh to Fake Mobile Banking App Scam
In a concerning case of cyber fraud, a Kozhikode native residing in Nedumbassery lost ₹4 lakh after unknowingly installing a fake mobile banking app sent via a phishing text message. The victim, employed at a company in Angamaly, had recently withdrawn funds from his Provident Fund (PF) for his wife’s delivery and home construction. Believing…