Category: Banking

SBI gained mildly in today’s session, closing around Rs. 979 with a 1-day rise of about 0.63%. The stock moved between Rs. 973 and Rs. 983 during the day, showing stable intraday momentum.

Public Sector Banks have sanctioned more than 5.7 lakh loan applications worth ₹10,907 crore under the PM Surya Ghar Muft Bijli Yojana. With new features like co-applicants, no capacity caps, and collateral-free loans, the scheme is making rooftop solar more accessible to households across India.

Over ₹1.84 trillion lies unclaimed in dormant bank accounts, insurance policies, PF balances, and old shares. With RBI’s UDGAM portal, citizens can now trace and claim their forgotten deposits in one place. Here’s how the platform works, why it matters, and how you can access your rightful funds.

Starting October 8, UPI users in India can approve payments using facial recognition and fingerprints linked to Aadhaar, replacing the traditional PIN system. The RBI-backed feature, developed by NPCI, will be showcased at the Global Fintech Festival in Mumbai. It promises faster, safer, and PIN-free transactions for millions of users.

A special court in Mumbai has remanded Sanjiv Rasiklal Sheth, director of EMI Transmission Ltd, to CBI custody till October 8 in connection with an alleged ₹739.20 crore bank fraud. The CBI alleges Sheth manipulated financial statements to obtain excess loans and diverted funds abroad, including to Dubai-based entities. The court held A Mumbai Special…

Union Minister Piyush Goyal announced in Doha that India will soon launch its own digital currency backed by the RBI. The blockchain-powered Digital Rupee aims to make transactions faster, safer, and transparent, while reducing paper use. Unlike cryptocurrencies like Bitcoin, it will carry full sovereign backing, ensuring security and reliability.

Mumbai: In yet another alarming case of cyber fraud, a 32-year-old pilot from Ghatkopar East, Dharav Nilesh Gosalia, lost nearly Rs4.91 lakh after unidentified cyber criminals allegedly stole confidential details of his HDFC Bank debit card and siphoned off the amount through an online transaction.According to the police, the fraudulent transaction occurred in the early…

Varanasi-based Utkarsh Small Finance Bank has announced a rights issue, with pricing, entitlement ratio, and record date yet to be finalized. The bank reported a loan portfolio of Rs. 19,224 crore as of June 2025, with over 69% branches in micro-banking and rising share of non-micro banking loans.

Bank of Baroda announced a 10.47% year-on-year growth in global business to Rs. 27.79 trillion as of September 30, 2025. Global advances rose 11.90% to Rs. 12.79 trillion, while deposits grew 9.28% to Rs. 15 trillion, with retail advances showing the strongest growth at 17.56% YoY.

Major banks posted healthy business updates for Q2 FY26. HDFC Bank reported 9% loan growth and 15% deposit growth, Kotak Mahindra Bank’s credit rose nearly 16%, IDBI Bank logged 15% growth in advances, while UCO Bank’s total business expanded 13.3% YoY with improved CASA and credit-deposit ratios.