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The Reserve Bank of India has established a high-security data center in Bhubaneswar, Odisha, to protect critical financial systems. This strategic location minimizes exposure to cross-border threats and seismic risks, ensuring operational continuity. The facility supports core banking functions and enhances the safety and resilience of India's financial infrastructure.
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IDFC First Bank reported a Rs 590 crore discrepancy in Haryana government deposits at its Chandigarh branch, suspending four employees. The bank has initiated a forensic audit and is working with other banks to recover funds. This disclosure follows Haryana's directive for departments to close accounts with specific private lenders due to suspected financial irregularities.
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Crypto giant Tether is now a leading gold buyer, acquiring nearly two tonnes weekly, surpassing many nations. This move, driven by its tokenized gold product and diversification strategy, sees the company amassing significant bullion reserves. Tether's substantial gold purchases are reshaping global demand, with its holdings now rivaling central bank levels.
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Wall Street’s junior-banker grind has been a simmering flashpoint since pandemic-era deal surges, when complaints about punishing schedules and chronic sleep deprivation spilled into public view and forced some banks to tinker with “protected” time off
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Stock market recommendations: IndusInd Bank, and UPL are the top stock recommendations by Bajaj Broking Research for February 20, 2026 with a 3-month horizon in mind. The brokerage also shares its view on Nifty and Bank Nifty:
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Indian education loans are growing strongly. Asset quality is improving significantly. This resilience continues despite global uncertainties. Banks' outstanding education loans have reached Rs 1.5 lakh crore. Non-performing assets have fallen sharply. Private lenders also report robust growth and strong asset quality. Financing penetration of education spend is increasing. Students are exploring new study destinations.
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Top stock market recommendations: Sona BLW Precision Forgings, PFC, and NLC India are the top stocks that Aakash K Hindocha, Deputy Vice President - WM Research of Nuvama Professional Clients Group recommends buying today. Here is the expert’s view on Nifty, Bank Nifty for February 19, 2026:
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The Institute of Chartered Accountants of India has formed a special group to expedite high-profile cases, including those involving Gensol Engineering and IndusInd Bank. President Prasanna Kumar D anticipates findings within two months. He also highlighted the expanding role of chartered accountants in Global Capability Centres and the introduction of new digital audit standards.
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Planning a bank visit? Be aware that Indian banks observe both national and state holidays, leading to varied closures. Today, February 18, Sikkim banks are closed for Losar. Maharashtra observes Chhatrapati Shivaji Maharaj Jayanti on February 19, while Mizoram and Arunachal Pradesh celebrate State Day on February 20. Remember, second and fourth Saturdays also mean no branch operations.
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The Reserve Bank of India has bought 47% of the Centre's bond issuances in FY26 to inject Rs 6.39 lakh crore into the banking system. This move cushions liquidity amid heavy government borrowing, preventing excessive yield hikes and supporting credit growth. The RBI's actions have helped maintain stable money market rates despite market volatility.
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Stock market recommendations: NTPC, Power Finance Corporation, and Union Bank of India are the top stock picks by Somil Mehta, Head - Alternate Research, Capital Market Strategy, Mirae Asset Sharekhan for February 17, 2026. Let’s take a look:
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Stock market recommendations: Arvind, and Bajaj Finance are the top stock picks by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities for the week starting February 16, 2026. He also shares his views and outlook on Nifty, Bank Nifty:
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As the United States observes Presidents Day on Monday, February 16, federal holidays mean many services will be closed. Banks, government offices, and post offices will shut down, with no mail delivery. However, digital banking and ATMs remain accessible, and most retail stores and restaurants will operate normally.
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Finance Minister Nirmala Sitharaman met Christine Lagarde, President of the European Central Bank (ECB), in Munich, Germany, among several other key dignitaries, during her ongoing visit.
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Stock market recommendations: Bajaj Broking Research recommends buying Tata Power, and Manappuram Finance as the top stocks picks for February 13, 2026 with a 3-month timeframe for target. It also shares its view on Nifty and Bank Nifty:
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New RBI rules aim to protect borrowers from harassment during loan recovery. Banks must now resolve complaints before initiating recovery and disclose agent identities. Harsh tactics like threats, abusive language, and invasion of privacy are banned. Contact is restricted to specific hours and only with the borrower or guarantor, respecting personal events and borrower requests.
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Bank unions across India have announced a nationwide strike on February 12, protesting the government's new Labour Codes. Customers face uncertainty as major banks warn of potential operational disruptions, though they are making arrangements for smooth functioning. Unions also advocate for improved work-life balance and a five-day work week.
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Over Rs 72,000 crore in unclaimed bank deposits, untouched for a decade, have been transferred to the RBI's Depositor Education and Awareness Fund. Public sector banks hold the largest portion. The government has launched UDGAM to help people trace their money and introduced measures to prevent further accumulation, aiming to boost financial literacy.
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State Bank of India's stock hit a record high following its strongest-ever quarterly profit, driven by robust loan growth and steady margins. The bank reported a significant jump in net profit, exceeding expectations. Analysts remain bullish, citing consistent performance, asset quality, and positive future outlook, with several brokerages reiterating 'Buy' ratings and raising price targets.
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Stock market recommendations: According to Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities, the top stock picks for the week are Bajaj Finance, and Larsen & Toubro. Here’s his view on Nifty, Bank Nifty for the week starting February 9, 2026:
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State Bank of India has boosted its credit growth forecast to 13-15% for the fiscal year, citing strong momentum and broad-based growth across retail, agriculture, SME, and corporate segments. The bank reported a record quarterly profit of Rs 21,028 crore, driven by diverse income streams and efficient cost management.
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The government has received financial bids for the strategic disinvestment of IDBI Bank, marking significant progress in the stake sale. This move, involving a combined 60.7% stake sale by the government and LIC, is expected to fetch around Rs 33,000 crore.
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The RBI is set to introduce new rules to protect bank customers. Small digital fraud victims could receive up to Rs 25,000 compensation. Stricter guidelines will also target mis-selling of financial products and aggressive loan recovery practices. These measures aim to enhance consumer safety amidst growing cyber risks and unfair sales tactics.
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The Reserve Bank of India has maintained the policy repo rate at 5.25%, opting for status quo. While external challenges are mounting, domestic economic conditions remain strong. The central bank has slightly revised upwards its near-term growth and inflation forecasts for the upcoming financial year, signaling a cautious yet optimistic outlook.
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The Indian Rupee saw a slight gain against the US dollar, buoyed by trade deal optimism but tempered by caution ahead of the RBI's monetary policy. Stock markets mirrored this hesitant mood, opening lower as investors await the central bank's decision. Corporate dollar demand and domestic equity weakness also influenced currency movements.
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What’s fueling the rise of private credit in the first place is the fact that banks are not being able to fulfil all kinds of requirements, leaving a funding gap for mid-market structured credit, said Dhedhi. “Private credit can provide non-dilutive capital that can be tailored to specific needs of each borrower.
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Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Petronet, MRPL, and CCL. Here’s his view on Nifty, Bank Nifty, and the top stock picks for February 5, 2026:
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The sharp slide in sector leaders like TCS, Infosys and Wipro, also left BSE’s IT index down 5.5% at close of session. Despite the tech meltdown, sensex closed marginally higher, up 79 points or 0.1%, as strong buying in other index-heavyweights like Reliance Industries and ICICI Bank more than made up for the loss inflicted by the software exporters.
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According to Siddhartha Sanyal, Chief Economist, Bandhan Bank, the news of reduction of US tariff on India is a major positive, especially soon after the trade deal with the EU. “The end of the stalemate and the direction of the development is more important in this case than the quantum of the change in tariff as it opens room for further positive developments in near future.”
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Asian markets opened February with a downturn, mirroring Wall Street's volatility. Precious metals saw significant losses, with gold and silver experiencing sharp declines. The yen weakened as the dollar strengthened, influenced by shifting expectations of Federal Reserve policy under potential new leadership. Investors await key economic data and central bank decisions globally.
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Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the trading week (starting February 2, 2026) are ICICI Bank, and APL Apollo Tubes. Let’s take a look:
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Finance Minister Nirmala Sitharaman announced a high-level committee, 'Banking for Viksit Bharat,' to align the banking sector with India's long-term development. This move signals a strategic push for public sector banks to become globally competitive, emphasizing governance, efficiency, and technology. The announcement follows a period of significant improvement in bank balance sheets and profitability.
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Planning a bank visit in February 2026? Be aware of closures in Sikkim on Feb 18 for Losar, Maharashtra on Feb 19 for Shivaji Jayanti, and Mizoram/Arunachal Pradesh on Feb 20 for State Day. Remember, banks also close on the second and fourth Saturdays. Digital services remain active for your convenience.
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Bank of Baroda posted a net profit of Rs 5,055 crore for the December 2025 quarter, a 4.5% rise year-on-year. This growth was primarily driven by a significant reduction in provisions, despite margins facing pressure. The bank saw healthy deposit and advance growth, with asset quality continuing its upward trend.
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Stock market recommendations: According to Bajaj Broking Research, the top stock picks for January 30, 2026 are State Bank of India (SBI), and Jayaswal Neco Industries. Here’s its view on Nifty and Bank Nifty:
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World Bank President Ajay Banga advised India to prioritize trade expansion over tariffs. He highlighted India's extensive trade agreements, including the recent India-European Union free trade deal. Global trade has grown significantly, with emerging markets like India playing a crucial role. This new pact will create a vast market connecting India and the EU.
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