8:10 AM
Blogger
Punjab National Bank has reported a loan fraud of Rs 2,434 crore by the former promoters of Srei Infrastructure Finance and Srei Equipment Finance. This action follows the RBI's insolvency order four years ago and could prompt investigations by agencies like the CBI and ED into the alleged misuse of funds.
8:10 AM
Blogger
Stock market recommendations: Bajaj Broking Research recommends buying Lloyds Metals and Energy, and Kotak Mahindra Bank on December 26, 2025 with a 12-month horizon. Here’s its view on Nifty and Bank Nifty:
4:10 PM
Blogger
Indian banks are intensifying scrutiny on overseas money transfers, demanding detailed proof of fund origins from individuals and businesses. This heightened caution, particularly for remittances from NRO accounts, arises amid the rupee's slide and increased customer urgency to move funds abroad, leading to compliance hurdles.
11:10 AM
Blogger
Private banks continue to dominate enterprise lending to small businesses in India, closely followed by public sector banks (PSBs), though the latter have seen a decline in their market share over the past two years, according to a report by Small Industries Development Bank of India (SIDBI) and CRIF High Mark, India's first full-service credit information bureau.
9:10 AM
Blogger
The Reserve Bank of India has delayed the second phase of its faster cheque clearance system, originally set for January 3rd. This decision comes after some banks experienced operational difficulties during the initial phase. The postponed phase aims to clear cheques within three hours of realization, significantly reducing settlement times for customers.
8:10 AM
Blogger
IndusInd Bank is under formal investigation by the Serious Fraud Investigation Office (SFIO) following accounting lapses related to internal derivative trades. The probe, triggered by a December 2025 letter, concerns issues with derivatives, "other assets/liabilities," and microfinance income, impacting the bank's P&L and net worth.
11:10 PM
Blogger
Indian Railway Finance Corporation (IRFC) has provided a Rs 9,821 crore loan to DFCCIL to refinance its World Bank foreign currency debt for the Eastern Dedicated Freight Corridor. This rupee-denominated loan aims to reduce exchange rate volatility for DFCCIL and highlights domestic institutions' capacity for large infrastructure projects.
10:10 AM
Blogger
Confused about bank operations this Christmas? While Christmas Day sees nationwide closures, Christmas Eve is a holiday only in Mizoram, Nagaland, and Meghalaya. Other state-specific holidays also affect banking. Plan ahead for branch visits, as digital services remain accessible. Check local lists to avoid festive season disruptions.
12:10 AM
Blogger
The Competition Commission of India has greenlit Blackstone's acquisition of up to 9.99% stake in Federal Bank via warrants, marking the US private equity giant's entry into the private lender. Additionally, CCI approved Tata Steel's complete takeover of Tata BlueScope Steel, consolidating its control over the joint venture.
11:10 PM
Blogger
The Reserve Bank of India is injecting Rs 2 lakh crore into the banking system through government security purchases and a $10 billion dollar-rupee swap. These measures, scheduled between late December 2025 and January 2026, aim to stabilize market conditions and ensure adequate liquidity. The central bank will continue monitoring the situation closely.
3:10 AM
Blogger
Indian-origin finance chiefs are increasingly leading global giants like Unilever, Tesla, and Mastercard. A study reveals over a dozen multinational corporations have appointed Indian descent CFOs, many educated in India. This trend highlights the evolving role of CFOs as strategists, adept at navigating complex markets and demonstrating resilience, a skill honed by the Indian education system and professional experiences.
2:10 PM
Blogger
Stock market recommendations: SBI Securities' Sudeep Shah identifies KEI Industries and JK Tyre & Industries as top stock picks for the week starting December 22, 2025. Nifty and Bank Nifty show indecision with narrow ranges but potential for upside on breakouts, while broader indices recover, indicating renewed buying interest.
11:10 AM
Blogger
The Indian rupee is showing a strong recovery, gaining 22 paise to 89.45 against the US dollar today, following recent record lows. This rebound is attributed to likely Reserve Bank intervention, corporate inflows, and falling crude oil prices. Experts predict a significant strengthening in the latter half of the next financial year, suggesting the current weakness is temporary.
10:10 AM
Blogger
Asian stocks advanced, mirroring Wall Street's gains, with tech sentiment boosting markets. Japan's yen hit record lows against the euro and Swiss franc, despite the Bank of Japan raising interest rates. South Korea's market surged on AI optimism, while commodities like silver and gold reached new highs. Oil prices also climbed following US intervention with Venezuelan tankers.
9:10 AM
Blogger
Gold prices reached a record high, driven by expectations of further US Federal Reserve interest rate cuts and a weaker dollar. The yellow metal's appeal as a safe haven has been bolstered by geopolitical tensions and central bank buying, with silver also experiencing significant gains.
4:10 PM
Blogger
Indian blue-chip stocks saw a mixed week, with six of the top ten companies gaining Rs 75,256.97 crore in market value despite a slight dip in the broader market. TCS and Infosys led the surge, while Reliance Industries also posted significant gains. Conversely, HDFC Bank experienced the steepest fall in valuation.
12:10 PM
Blogger
India has taken another significant step towards deepening its integration with global supply chains by signing a Comprehensive Economic Partnership Agreement (CEPA) with Oman, a move expected to expand bilateral trade, strengthen MSME-led exports and enhance India's energy security, according to Dipanwita Mazumdar, Economist at Bank of Baroda.
9:10 AM
Blogger
A US court has granted final approval for Infosys McCamish's $17.5 million settlement in class action lawsuits stemming from a 2023 cybersecurity incident. The settlement resolves all allegations related to the breach, which Bank of America identified as originating from the Infosys subsidiary and affecting over 57,000 customers. The agreement becomes effective if no appeals are filed within 30 days.
4:10 AM
Blogger
Sebi is collaborating with RBI and the insurance regulator to allow banks and insurance companies to participate in commodity derivatives markets. Working groups are also reviewing measures to deepen the Agri Commodity Derivatives ecosystem and optimize the regulatory framework for margins, position limits, and delivery mechanisms.
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