6:10 PM
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The Reserve Bank of India has appointed Sonali Sen Gupta as its new Executive Director, effective October 9, 2025. With over thirty years of experience at the central bank, Sen Gupta will now lead crucial departments including Consumer Education and Protection. Her extensive background includes international representation and policy shaping.
12:10 AM
Blogger
The rupee strengthened by 7 paise to close at 88.72 against the US dollar on Friday, driven by positive domestic market trends and declining crude oil prices. Central bank intervention provided support, while a firm US dollar limited sharper gains. Foreign inflows into equities and a retreat in crude oil prices also contributed to the rupee's appreciation.
8:10 PM
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Public sector banks are now opening senior leadership roles to private sector talent. This includes Managing Director positions at State Bank of India and Executive Director roles across nationalised banks. The move aims to bring in fresh expertise. Specific experience criteria are set for private candidates. This policy change will impact banking leadership recruitment going forward.
6:10 PM
Blogger
The organized gold loan market is projected to reach Rs 15 lakh crore by March 2026, a year ahead of schedule, driven by soaring gold prices and banks' expanding dominance. Banks now hold 82% of the market share, with their assets under management growing significantly faster than NBFCs.
5:10 PM
Blogger
India's new real-time cheque clearance system is experiencing initial problems. Bank staff are facing challenges with new processes, and technical glitches are slowing down cheque processing. Customers report delays in payments. The Reserve Bank of India is working to resolve these issues. The system aims for same-day clearance, replacing older methods. Bankers expect smooth operations soon.
9:10 AM
Blogger
Stock market recommendations: Bajaj Broking Research highlights Jayaswal Neco Industries and Bank of Baroda as top stock picks for October 10, 2025. The Nifty and Bank Nifty are showing signs of consolidation after strong rallies.
11:10 AM
Blogger
Gold and silver price prediction today: Gold and silver prices are exhibiting strong bullish momentum, reaching new highs driven by global economic uncertainty, geopolitical tensions, and central bank diversification. Gold is targeting ₹1,27,000 on MCX, while silver eyes ₹1,56,000, supported by robust industrial and investment demand. Both metals are poised for continued upward trajectory.
10:10 AM
Blogger
Top stock market recommendations: Market expert Aakash K Hindocha suggests buying Amber Enterprises India, BSE, and Hindustan Zinc. He anticipates Nifty trading between 24750-25250 and Bank Nifty aiming for 56650.
9:10 AM
Blogger
RBI Governor Sanjay Malhotra unveiled the Unified Market Interface, a new infrastructure for instant digital asset trading settled via central bank digital currency. He highlighted advancements in financial data integration, the Unified Lending Interface bridging credit gaps, and the digital rupee's expanding adoption with programmable features for targeted subsidies.
2:10 AM
Blogger
SBI is collaborating with regulators to simplify its Know Your Customer (KYC) processes, aiming to enhance customer convenience and reduce compliance burdens. This initiative addresses customer complaints about frequent re-KYC requirements, particularly with public sector banks. The bank is also leveraging digital and physical touchpoints to ensure accessible financial services across India.
10:10 AM
Blogger
Perfios and NeSL have joined forces. They will use AI and smart data to spot early signs of loan repayment trouble. This partnership aims to make lending safer and faster for banks. It will help reduce defaults and increase credit access. Lenders can now perform deeper checks and get early warnings.
9:10 AM
Blogger
The Reserve Bank of India has released new draft rules for banks. These changes aim to improve how banks manage credit risk and classify bad loans. This move is expected to reduce capital needs for sectors like MSMEs, real estate, and credit cards. Banks will now set aside provisions earlier under an expected credit loss system.
9:10 AM
Blogger
A World Bank report indicates generative AI has caused a 20% decline in job listings for highly substitutable white-collar roles in South Asia, while demanding AI skills command a 30% wage premium. The report highlights that urban, entry-level white-collar jobs, particularly in business services, commerce, and public administration, face the highest exposure to AI disruption.
5:10 PM
Blogger
Pakistan's economic recovery is not reaching its people. Millions face poverty and inequality despite government claims of growth. Household well-being has worsened. Rural areas suffer more. Employment remains a challenge. Reforms have stabilized the economy but not improved living standards. True progress means better lives for ordinary citizens.
12:10 PM
Blogger
Gold rate today: Gold futures hit a new record of Rs 1,20,900 per 10 grams on Tuesday, driven by global economic and political uncertainties in the US and anticipated Federal Reserve rate cuts. Silver futures also saw an increase, trading near their peak. Central bank gold acquisitions further supported the surge in precious metal prices.
11:10 AM
Blogger
Canara HSBC Life Insurance has announced its IPO price band of Rs 100-106 per share, aiming for a Rs 10,000 crore valuation. The Rs 2,516 crore offer opens October 10, closing October 14. This is a full offer for sale, with promoters Canara Bank and HSBC selling shares. The insurer is set to list on October 17.
5:10 PM
Blogger
India's digital payments will undergo a major security overhaul by April 2026, as the RBI mandates a risk-based authentication model. Moving beyond sole OTP reliance, banks will use device, location, and transaction history to detect fraud, balancing security with user convenience.
3:10 PM
Blogger
October 2025 will witness extensive bank closures across India due to major festivals like Diwali and Chhath Puja, as per the RBI holiday calendar. While physical branches will remain shut on various state-specific dates, digital banking services, ATMs, and mobile banking will continue to operate seamlessly. Customers should note that in-person transactions will be unavailable during these holiday periods.
3:10 PM
Blogger
Last week, seven of India's ten most valuable companies collectively saw their market value rise by Rs 74,573.63 crore, with HDFC Bank emerging as the top performer. Despite declines for Reliance Industries, Bharti Airtel, and Infosys, Reliance retained its position as India's most valuable company. The BSE and Nifty benchmarks also surged nearly 1% during the holiday-shortened trading week.
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