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New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the insolvency law to provide faster resolution of stressed firms and reduce case backlog, with Finance Minister Nirmala Sitharaman emphasising that the intent is not to liquidate companies but to help them run with guardrails. The Rajya Sabha on Wednesday passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. As of December 2025, IBC has facilit ...Read More >
New Delhi, Apr 1 (PTI) The Insolvency and Bankruptcy Code has helped in improving the health of the Indian banking sector, Finance and Corporate Affairs Minister Nirmala Sitharaman said on Wednesday. Parliament passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, after the Rajya Sabha approved the bill with a voice vote. It was approved by the Lok Sabha on March 30. Replying to a short discussion on the bill in the Rajya Sabha, the minister said the World Bank, in its 2019 report, ...Read More >
Thrissur: The lender closed FY26 with healthy momentum across key banking metrics, signaling continued expansion in lending and deposit mobilization despite a competitive environment. Advances Growth Accelerates South Indian Bank's gross advances climbed to Rs 1,01,295 crore as of March 31, 2026, marking a 15.66 percent year-on-year increase. This reflects sustained credit demand and the bank's ability to scale its loan book. Compared with Rs 96,764 crore in December 2025, the steady quarterly ...Read More >
New Delhi, Apr 1 (PTI) Parliament on Wednesday passed amendments to the Insolvency and Bankruptcy Code (IBC) to provide faster resolutions, reduce case backlog and strengthen the financial ecosystem. The Rajya Sabha passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2026, with a voice vote. It had received the Lok Sabha approval on March 30. Replying to a short discussion on the bill in the Rajya Sabha, Finance Minister Nirmala Sitharaman said the IBC has contributed to the health of ...Read More >
New Delhi, Apr 1 (PTI) Two-factor authentication for all digital transactions, including popular UPI platform, becomes effective from Wednesday in line with the RBI's direction as a measure to curb fraud. Transactions will only be processed if the user completes both verification steps, meaning even if someone sees your PIN, unauthorised payments will not be able to go through. According to the Reserve Bank of India (RBI), all digital payment transactions in India are required to meet the norm ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The stock markets closed on a strong footing on the first day of the new financial year FY27, with benchmark indices witnessing a broad-based rally across sectors, even as underlying geopolitical tensions continue to keep investors cautious. The Nifty 50 index closed at 22,679.40, gaining 348 points or 1.56 per cent, while the BSE Sensex ended at 73,134.63, up by 1,186 points or 1.84 per cent. Also Read | Hapur Shocker: 7-Year-Old Boy Locked in Deep ...Read More >
PRNewswire Bangalore (Karnataka) [India], April 1: CARD91 announced the launch of VerifyIQ, an AI-powered verification intelligence platform designed to help banks, NBFCs, and insurance/reinsurance companies make faster, more accurate, and policy-aligned onboarding decisions. Built with an AI-first approach, VerifyIQ brings together multi-source data aggregation, AI and machine learning-led data processing with confidence scoring, and configurable decision workflows in a single operating layer ...Read More >
Stock Market on 30 March 2026 | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets. Indian equity markets ended the final session of FY26 on a weak note, as escalating tensions in West Asia and a sharp rise in crude oil prices weighed heavily on investor sentiment. The Sensex fell 1,635.67 points, or 2.22%, to close at 71,947.55, while the Nifty declined 488.20 points, or 2.14%, to settle at 22,331.40. Selling pressure was ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The stock markets closed on a strong footing on the first day of the new financial year FY27, with benchmark indices witnessing a broad-based rally across sectors, even as underlying geopolitical tensions continue to keep investors cautious. The Nifty 50 index closed at 22,679.40, gaining 348 points or 1.56 per cent, while the BSE Sensex ended at 73,134.63, up by 1,186 points or 1.84 per cent. Market participants remained optimistic during the sessi ...Read More >
UPI Down: UPI services are facing disruptions across India, with SBI and UCO Bank users reporting failed transactions. Here is everything that you need to know. UPI Down: If you couldn't make the UPI payments today, then know you're not the only one experiencing it. Several UPI users have faced the issue in India while making payments; however, it seems to be primarily with State Bank of India and UCO Bank accounts. For some, the payment just keeps loading. For others, it fails midway or doesn' ...Read More >
Mumbai: Indian stock markets ended Wednesday's session on a strong note, although they gave up a large part of their early gains as optimism around easing tensions between the US and Iran faded later in the day. The benchmark indices Nifty and Sensex both closed higher, snapping their two-day losing streak. The Nifty settled at 22,679.40, up 348 points or 1.56 per cent, while the Sensex rose 1,186.77 points or 1.65 per cent to end at 73,134.34. Commenting on Nifty technical outlook, experts s ...Read More >
If you never intend to set foot in a bank branch and are well used to running your finances from your phone or tablet, you might consider one of the popular online-only banks next time you switch current accounts. As many as 88pc of UK adults now use online or remote banking services, according to research from Finder. In the face of a rapidly disappearing presence on the high street, it's hardly surprising that more of us are turning our backs on traditional banks and switching to new digital ...Read More >
Several banks, including HDFC Bank, Punjab National Bank, and Bandhan Bank, have revised their ATM usage rules ahead of the new financial year starting April 1, 2026. Several banks, including HDFC Bank, Punjab National Bank, and Bandhan Bank, have revised their ATM usage rules ahead of the new financial year starting April 1, 2026. The changes mainly impact how free ATM transactions are counted and the daily cash withdrawal limits for debit cards. HDFC Bank: UPI ATM withdrawals now counted as ...Read More >
Mumbai, April 1: In a concerning case of cyber fraud, a sitting judge of a city court in Mumbai was duped of Rs 93,000 by cybercriminals who used a malicious customer care application to gain access to his banking details. The 46-year-old judge, posted at the Small Causes Court, sought technical assistance after noticing a display issue on his mobile phone on March 30. While searching online for help, he came across a contact number claiming to be that of Samsung customer care. Upon calling the ...Read More >
Mumbai, April 1 (SocialNews.XYZ) In a concerning case of cyber fraud, a sitting judge of a city court in Mumbai was duped of Rs 93,000 by cybercriminals who used a malicious customer care application to gain access to his banking details. The 46-year-old judge, posted at the Small Causes Court, sought technical assistance after noticing a display issue on his mobile phone on March 30. While searching online for help, he came across a contact number claiming to be that of Samsung customer care. ...Read More >
New Delhi [India], April 1 (ANI): The administration has heightened security arrangements across the national capital in view of Hanuman Jayanti, with special focus on religious places and procession routes. The police department has put elaborated arrangments on sensitive routes and prominent temples, with additional force deployment. Meanwhile, the surveillance and crowd management measures have been intensified to ensure smooth conduct of festivities, said officials. Also Read | Stock Marke ...Read More >
Mumbai, April 1: Domestic stock markets on Wednesday opened sharply higher with a gap-up start, tracking positive global cues from the US and Asian markets amid hopes of de-escalation in the West Asia conflict -- now in the 33rd day of the conflict. The 50-scrip Nifty opened at 22,899, rising 567 points or 2.54 per cent, while Sensex began the session up 1,814 points, or 2.52 per cent, at 73,762.43. Sector-wise, all indices traded in green, led by gains in banking, auto and IT stocks. On the bro ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): India's benchmark indices staged a sharp rebound at the opening bell on Wednesday, tracking a relief rally in global equities amid easing geopolitical tensions. The BSE Sensex opened at 73,630.84, surging 1683.29 points or 2.34% at 9:17 am, compared to its previous close of 71,947.55 on Monday. Similarly, the NSE Nifty 50 began the session at 22,823.05, up 491.65 points or 2.20%, after ending Monday at 22,331.40. Also Read | Stock Market Today: Mass ...Read More >
Hyderabad (Telangana) [India], April 1 (ANI): The Telangana government passed the Telangana Employees Accountability and Monitoring of Parental Support Bill, 2026, in the Legislative Assembly. The legislation seeks to impose salary deductions on both public and private sector employees who are found neglecting or failing to provide support to their parents. The bill proposes that dependent parents can claim up to 15 per cent of their employed child's gross monthly salary, capped at Rs 10,000, t ...Read More >
Mumbai: India's benchmark indices staged a sharp rebound at the opening bell on Wednesday, tracking a relief rally in global equities amid easing geopolitical tensions. The BSE Sensex opened at 73,630.84, surging 1,683.29 points or 2.34% at 9:17 am, compared to its previous close of 71,947.55 on Monday. Similarly, the NSE Nifty 50 began the session at 22,823.05, up 491.65 points or 2.20%, after ending Monday at 22,331.40. In the currency market, the Indian Rupee opened weaker at 96.71 against ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): India's benchmark indices staged a sharp rebound at the opening bell on Wednesday, tracking a relief rally in global equities amid easing geopolitical tensions. The BSE Sensex opened at 73,630.84, surging 1683.29 points or 2.34% at 9:17 am, compared to its previous close of 71,947.55 on Monday. Similarly, the NSE Nifty 50 began the session at 22,823.05, up 491.65 points or 2.20%, after ending Monday at 22,331.40. In the currency market, the Indian R ...Read More >
New Delhi [India], April 1 (ANI): Congress MP K Suresh on Wednesday strongly opposed the Foreign Contribution (Regulation) Act (FCRA) Amendment Bill, terming it anti-democratic and anti-constitutional, while asserting that it adversely affects minority organisations engaged in social welfare activities. Speaking to ANI, he said, "We are going to oppose the FCRA Amendment Bill. It is totally against the minority community. So, the minority organisations take financial assistance from various age ...Read More >
Mumbai, April 1 (SocialNews.XYZ) Domestic stock markets on Wednesday opened sharply higher with a gap-up start, tracking positive global cues from the US and Asian markets amid hopes of de-escalation in the West Asia conflict -- now in the 33rd day of the conflict. The 50-scrip Nifty opened at 22,899, rising 567 points or 2.54 per cent, while Sensex began the session up 1,814 points, or 2.52 per cent, at 73,762.43. Sector-wise, all indices traded in green, led by gains in banking, auto and IT ...Read More >
Mumbai, April 1: Most bank branches across India are closed to the public today, Wednesday, April 1, as the banking sector begins its annual account-closing process. While the day marks the start of the new 2026-27 financial year, it is not a traditional "public holiday" for festivals. Instead, it is an administrative closure mandated by the Reserve Bank of India (RBI) to allow financial institutions to finalise their books for the previous fiscal year. While physical counters remain shuttered i ...Read More >
Perfios.ai, a B2B SaaS TechFin company serving financial institutions globally, today announced the launch of the Perfios DPDP Suite, a unified platform designed to help enterprises operationalize consent and comply with India's Digital Personal Data Protection (DPDP) Act, 2023. The DPDP Suite brings together data discovery, consent governance, data principal rights management, and compliance reporting into a single, integrated platform. Purpose-built for India's regulatory environment, it enab ...Read More >
Ahmedabad: When a 50-year-old accountant from Nikol received a WhatsApp message from his employer containing 'RTO E-challan.apk' file, he thought it was an official message regarding a traffic memo and installed the file. The moment he entered his name and mobile number, he received a message about money being debited from his account. He immediately deleted the app, but it was already too late. Within 24 hours, he lost Rs 10.7 lakh to cybercriminals. The victim told Cybercrime police that he fr ...Read More >
Mumbai: The Reserve Bank of India (RBI) has clarified that loans to individuals for purchase of shares and other eligible securities will be capped at ₹1 crore per borrower across the entire banking system, while borrowing for subscribing to shares through initial public offerings, follow-on offers or employee stock option plans will be limited to ₹25 lakh per individual. RBI had earlier announced the limits would be raised to ₹1 crore from ₹20 lakh. Loans against shares, IPO funding and ESOP ...Read More >
New Delhi: If you are planning a bank visit on April 1, do not be surprised if branches are shut. Across India, banks remain closed to customers on the first day of the financial year, not because of a festival or public holiday, but due to annual account closing. April 1 marks the beginning of the new financial year in India. However, for banks, it is reserved for closing accounts for the previous financial year (ending March 31) and preparing for a fresh accounting cycle. Why Banks Remain Cl ...Read More >
Mumbai: Banks are increasingly giving loans to borrowers rated prime and above, latest data from an assessor focused on individual credit showed, indicating risk aversion among lenders at a time when job expansions at corporate India have become rather tentative amid an AI-led onslaught on repetitive tasks. Data from credit bureau TransUnion CIBIL showed that the bulk of new loan originations are concentrated among borrowers with a CIBIL score of 730 and above. The shift away from riskier segme ...Read More >
Kolkata, Mar 31 (PTI) The Cyber Crime Wing of the West Bengal Police on Tuesday arrested industrialist Pawan Ruia in connection with his alleged involvement in a multi-crore fraud case involving shell companies and cryptocurrency-based money laundering, a senior officer said. Ruia was apprehended near a hotel in New Town in the outskirts of Kolkata following a case registered at Bidhannagar Cyber Crime Police Station, he said. The police have registered a suo motu case based on findings from t ...Read More >
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