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New Delhi, Apr 8 (PTI) Interest rate-sensitive realty, auto and bank stocks were in high demand on Wednesday, a day when the Reserve Bank of India kept its key policy rate unchanged, adopting a wait-and-watch stance as policymakers assessed the fallout from the Iran conflict on energy supplies, inflation and growth. A sharp rally in the broader equity market also aided buying in these stocks. Among realty firms, the stock of Lodha Developers surged 8.48 per cent, Prestige Estates Projects jump ...Read More >
New Delhi : Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long term wealth creation and financial protection, Promise4Wealth enables participation in market linked returns while offering the assurance of life insurance -- bringing together investment and protection in a more transparent, value ...Read More >
NEW DELHI, April 7, 2026 /PRNewswire/ -- Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced the launch of Promise4Wealth, a next‑generation Unit Linked Individual Savings Life Insurance Plan (ULIP). Designed for individuals seeking a balanced approach to long‑term wealth creation and financial protection, Promise4Wealth enables participation in market‑linked returns while offering the assurance of life insurance -- bringing together investment and protection ...Read More >
Anil Ambani and Reliance Communications are under renewed scrutiny as the CBI launches a fresh investigation into allegations of a Rs 3,750 crore fraud against the Life Insurance Corporation (LIC) involving Non Convertible Debentures. Photograph: Prashant Waydande/ReutersKey PointsThe CBI has filed a new case against Anil Ambani and Reliance Communications for allegedly defrauding LIC of Rs 3,750 crore.The case involves alleged conspiracy, cheating, misappropriation, and violations of the Preve ...Read More >
New Delhi: The Central Bureau of Investigation Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered based on a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption Act, accor ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption ...Read More >
Mumbai: Banks, with the largest collective weighting on Nifty, slumped Monday after the RBI Friday ordered net-position curbs on lenders to underpin the rupee that in FY26 lost the most in 14 years. All 14 constituents of the Bank Nifty lost, dragging the benchmark Nifty more than 2% lower. The Bank Nifty, meanwhile, retreated 3.8% to 50,275.35 - the lowest closing since April 9, 2025 - after the central bank set a $100 million end-of-day net position threshold for lenders. The newly-introduced ...Read More >
Mumbai, March 30 (SocialNews.XYZ) Banking stocks came under heavy selling pressure on Monday, with the Bank Nifty index falling over 2 per cent in the early trade, as the Reserve Bank of India's (RBI) recent measures aimed at supporting the rupee came into effect. All constituents of the Bank Nifty traded in the red, indicating broad-based weakness across the banking pack. The index declined as much as 2.65 per cent, or 1,386.45 points, to 50,888.15, hitting an intraday low around 10:45 a.m. It ...Read More >
New Delhi: Canara Bank has joined the growing list of lenders adjusting interest rates after the Reserve Bank of India's recent policy move. Following the RBI's 25 basis point cut in the repo rate earlier this month, the public sector bank has revised both its lending rates and fixed deposit interest rates. The decision comes after major banks like State Bank of India (SBI) and HDFC Bank had already announced similar reductions. In its Monetary Policy Committee (MPC) meeting held in the first w ...Read More >
Bengaluru, December 16, 2025: In line with the Reserve Bank of India's (RBI) announcement cutting the repo rate by 25 basis points, from 5.50% to 5.25%, in the latest Monetary Policy Committee (MPC) meeting, Canara Bank has passed on the benefits and reduced its Repo Linked Lending Rate from 8.25 % to 8.00 % applicable on its loan products. The revised lending rate took effect from 12th December 2025. The RBLR has been reduced by 0.25% (25 basis points), directly reflecting the decrease in the ...Read More >
Maruti Suzuki Q2 Results: The company's revenue from operations grew 13% YoY to Rs 42,344.20 crore, up from Rs 37,449.20 crore in the corresponding period of the previous financial year. Automaker Maruti Suzuki India on Friday announced its results for the July-September quarter of FY26, reporting a 7.9% year-on-year (YoY) rise in consolidated net profit to Rs 3,349 crore, compared with Rs 3,102.5 crore in the same quarter last year. The company's revenue from operations grew 13% YoY to Rs 42, ...Read More >
Finance minister Nirmala Sitharaman has asked rural banks to leverage the consumption boost from lower goods and services tax rates to boost credit in semi-urban and rural areas. The rationalisation of GST rates has opened new opportunities in rural areas due to an increase in consumption, an indication of more bank funding, Sitharaman said, while chairing a meeting to review the business performance of the Karnataka Grameena Bank (KaGB) at Ballari on October 16. "...the rural banks should lev ...Read More >
New Delhi, Oct 17 (PTI) A court in Antwerp on Friday cleared the extradition of fugitive diamantaire Mehul Choksi, noting that his arrest by the Belgian authorities on India's request was valid, officials in the know of the development said. The order has come as a strong validation for India's case seeking his extradition, with Choksi having the option of appealing against the decision in a superior court in Belgium, they said. "The order has come in our favour. The court has termed his arres ...Read More >
Hero Future Energies secured Rs 1,908 crore from State Bank of India and Canara Bank. These funds will develop and construct a 120 MW renewable hybrid project in Kurnool, Andhra Pradesh, integrating wind, solar, and storage technologies. This funding ensures timely project execution and commercial operation with a 21-year repayment period. Hero Future Energies on Monday said it has secured Rs 1,908 crore in funding from public lenders State Bank of India and Canara Bank. These funds will be ut ...Read More >
WeWork India IPO: The stock's grey market premium has dropped sharply, now at only 0.77% above the issue price compared with 2.76% earlier. Though GMP provides a rough hint of potential listing performance, it remains unofficial and highly volatile. WeWork India's Rs 3,000-crore Initial Public Offering (IPO) has entered its second day of subscription on Monday. By the end of Day 1, the IPO saw a subdued response, with just 4% of the total issue subscribed. Bids were received for 11.12 lakh shar ...Read More >
Mumbai: In a major setback to industrialist Anil Ambani, the Bombay High Court on Friday dismissed his plea challenging the State Bank of India's (SBI) decision to classify his loan account as "fraudulent." The account pertained to his firm, Reliance Communications (RCom), which is already under insolvency proceedings. Bench Statement A bench of Justices Revati Mohite Dere and Neela K Gokhale rejected Ambani's petition, stating: "There is no merit in the petition. Petition is dismissed." SBI ...Read More >
New Delhi, September 28: In a major breakthrough against cyber-enabled financial fraud, the Delhi Police Crime Branch's Cyber Cell has arrested a key accused linked to a pan-India crypto investment racket that defrauded a victim of nearly Rs 34 lakh, police officials said on Sunday. Officials said the accused, Naresh Kumar of Haryana's Karnal, was apprehended for acting as a professional "account provider" to organised cyber fraud syndicates operating under the name Coin-Ex Crypto Trading. Digi ...Read More >
The Patiala House Court reserved its order on the anticipatory bail plea of Chaitanyananda Saraswati on Friday, who has sought protection from arrest in a case related to alleged financial irregularities. Additional Sessions Judge (ASJ) Dr Hardeep Kaur reserved the order, after hearing the submissions, saying that the order will be pronounced in the evening or tomorrow, Saturday. Senior advocate Ajay Burman, counsel for Chaitanyananda Saraswati, submitted that an educational institution requir ...Read More >
Chennai, 26th September 2025: As part of the Swachhata Hi Seva (SHS) Campaign 2025 being observed nationwide from 17th September to 2nd October 2025, Canara Bank Chennai Circle Office actively participated in the call of the Department of Financial Services (DFS), Government of India, for the "Ek Din - Ek Ghanta - Ek Saath" Shramdaan activity held on 25th September 2025 at 8:00 a.m. The venue identified by the Circle Office for this special initiative was Thakkar Bapa Vidyalaya, T. Nagar, Chenn ...Read More >
Ballari: Just when it seemed that the Karnataka Maharshi Valmiki Scheduled Tribe Developmental Corporation (KMVSTDC) scandal case was over, it has taken a new turn. In connection with the case, CBI officials raided the residence of corporator Govindaraju in Ballari on Monday. The CBI raid took place while supporters of MLA Nagendra were performing rituals at his home on his birthday. The court handed over the scam to the CBI.As part of the investigation, CBI officials conducted a raid in Ballari ...Read More >
Bengaluru, Sep 15 (SocialNews.XYZ) In a major development, the Central Bureau of Investigation (CBI) has conducted raids on Monday at 16 locations in Karnataka and Andhra Pradesh in connection with sensational tribal welfare board scam in which former minister B. Nagendra was jailed. An official statement CBI stated: "The raids were conducted at premises of sister, brother-in-law, personal assistant and other close associates of former Karnataka minister in connection with siphoning of governme ...Read More >
New Delhi, Sep 15 (PTI) The CBI on Monday conducted searches at the premises of associates of former Karnataka minister B Nagendra at 16 locations in the state and Andhra Pradesh in connection with the Valmiki Scheduled Tribes Development Corporation 'scam', officials said. The case involves serious allegations of transferring government funds to personal accounts of Nagendra's relatives from the accounts of Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation. The search operat ...Read More >
New Delhi, Sep 15 (PTI) State-owned Canara Bank on Monday said its subsidiary, Canara HSBC Life Insurance Company Ltd, has received capital market regulator Sebi's nod for its proposed initial public offering (IPO). Canara HSBC Life Insurance has received communication from the Securities and Exchange Board of India (Sebi) vide letter dated September 15 on final observations and for filing Updated Red Hearing Prospectus (UDRHP), Canara Bank said in a regulatory filing. The offer comprises an o ...Read More >
TIRUCHY: Fourteen AIADMK functionaries, including the Thuraiyur town secretary of the party, were booked for attacking an ambulance driver and an eight-month pregnant assistant during party general secretary Edappadi K Palaniswami's rally on Sunday night. During the second day of his campaign in Tiruchy, Palaniswami was addressing the crowd near the Thuraiyur bus stand. Meanwhile, Viswa from Vengakadathanur contacted the 108 ambulance service, stating that a person named Neelakaraiyar, an AIADM ...Read More >
Mumbai, Aug 25 (PTI) The ED has arrested the director of a Pune-based real estate company from a five-star hotel in Mumbai along with Rs 9.5 lakh in cash and gold and diamond jewellery worth Rs 2.3 crore in a bank loan fraud case. Amit Ashok Thepade was taken into custody on Sunday from the hotel in south Mumbai, where he had been staying for the past two months. A special Prevention of Money Laundering Act (PMLA) court has sent him to ED custody for five days, the federal probe agency said in ...Read More >
Mumbai: ICICI Bank has taken a step back on its earlier decision to increase the minimum average balance (MAB) required in new savings accounts. The bank had recently raised the MAB from Rs 10,000 to Rs 50,000 for new accounts opened on or after August 1. However, after receiving many complaints and feedback from customers, ICICI has now reduced the amount to Rs 15,000. New Balance Rules Explained The revised minimum balance for new savings accounts is now Rs 15,000 in regular branches, Rs 7,5 ...Read More >
New Delhi, August 13: Facing widespread outrage, private lender ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in Metro and urban areas. The revision came after a pushback from customers and days after the second-largest bank in the country raised the MAB requirement from Rs 10,000 to Rs 50,000 for new customers in urban cities. The minimum balance that new ICICI Bank customers in semi-urban areas must main ...Read More >
Anil Ambani has been summoned by the Enforcement Directorate for questioning in connection with an alleged '17,000-crore loan fraud case. Searches were conducted at multiple locations linked to Reliance Group. SEBI shared findings of a probe into alleged diversion of '10,000 crore by Reliance Infrastructure to Reliance Group units through an undisclosed related party. The Directorate of Enforcement (ED) has summoned Anil Ambani, chairman and managing director of Reliance Group, for questioning ...Read More >
Punjab National Bank (PNB) is well poised to touch the milestone of ₹30 lakh crore total business by the end of the current financial year and the country's second biggest lender has the right strategy in place to achieve it, the bank's MD and CEO Ashok Chandra said. Total business of PNB rose by 11.6 per cent to ₹27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of ₹26.43 lakh crore while Canara Bank at ...Read More >
New Delhi | Punjab National Bank (PNB) is well poised to touch the milestone of Rs 30 lakh crore total business by the end of the current financial year and the country's second biggest lender has the right strategy in place to achieve it, the bank's MD and CEO Ashok Chandra said. Total business of PNB rose by 11.6 per cent to Rs 27.19 crore at the end of the first quarter of the current financial year. PNB is closely followed by Bank of Baroda with total business of Rs 26.43 lakh crore while C ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.