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Kolkata: State-owned Indian Bank said its gross advances grew 13.6% year-on-year to Rs 6.68 lakh crore at the end of March while deposit mobilisation rose 12.6% to Rs 14.98 lakh crore. Four south-based private banks, which updated quarterly business numbers Monday, also saw their gross advances growth outpacing deposit expansion, in line with the industry trend. The Chennai-headquartered Indian Bank said that its advances grew largely on account of lending to retail, agriculture and micro smal ...Read More >
Tamilnadu / Hyderabad, March 30: Tamilaga Vettri Kazhagam chief and actor Vijay has declared assets worth about Rs 520 crore in his election affidavit. Here To Join Us On WhatsApp This marks his first public asset declaration after entering politics. The affidavit has drawn national attention. Vijay recently launched his party Tamilaga Vettri Kazhagam and began his political journey. Therefore, his financial disclosures have become a major talking point. According to the affidavit, Vijay ho ...Read More >
New Delhi [India], October 18 (ANI): The Patiala house court on Saturday rejected the plea of Ashok Kumar Pal, CFO of Reliance Power, challenging his arrest in the money laundering case. The Enforcement Directorate has apprehended him in connection with this case. He is being held in judicial custody after undergoing ED interrogation. Special judge Kiran Gupta rejected the plea moved by Ashok Kumar Pal. Also Read | Diwali 2025 Bank Holidays: Banks To Remain Closed on These Dates in Fourth Week ...Read More >
New Delhi [India], October 16 (ANI): Delhi Patiala House Court on Thursday remanded Ashok Kumar Pal, Chief Financial Officer (CFO) and Executive Director of Reliance Power Limited (RPL), to judicial custody in connection with the alleged fake bank guarantee and money laundering case being probed by the Enforcement Directorate (ED). Pal was produced before Special Judge Kiran Gupta after the conclusion of his three-day ED custody. The court remanded him to judicial custody till October 29. His a ...Read More >
New Delhi, Oct 16 (PTI) Public sector Indian Bank on Thursday reported an 11.53 per cent rise in net profit to Rs 3,018 crore for the second quarter ended September 30 of the current fiscal. The bank posted a standalone net profit of Rs 2,706 crore during the September quarter of 2024-25 fiscal. Interest income rose to Rs 11,964 crore during the September quarter of FY26, from Rs 11,125 crore in the year-ago period. Provisioning against bad loans was down to Rs 739 crore during the quarter ag ...Read More >
Mumbai (Maharashtra) [India], October 16 (ANI): The Indian share market opened on a positive note on Thursday, supported by optimism over a possible India-US trade deal expected in November. However, experts cautioned that the markets are currently in an overbought zone and may witness some correction in the near term. The Nifty 50 index opened at 25,394.90, gaining 71.35 points or 0.28 per cent, while the BSE Sensex started the day at 82,794.79, up by 189.36 points or 0.23 per cent. Market s ...Read More >
New Delhi, Oct 1 (SocialNews.XYZ) Bankers on Wednesday welcomed the Reserve Bank of India's (RBI) decision to maintain the repo rate at 5.5 per cent with a neutral stance, saying the move reflects a balanced approach in supporting growth and ensuring price stability. A neutral stance requires neither stimulation nor curbs on liquidity as it strikes a fine balance between controlling inflation without hurting growth. According to Binod Kumar, MD and CEO of Indian Bank, the RBI MPC's stable poli ...Read More >
NewsVoir New Delhi [India], September 29: The ESG Research Foundation (ESGRF), a leading Section 8 not-for-profit organization, successfully concluded its prestigious 3rd Prithvi Award ceremony at the Hotel Shangri-La, New Delhi, September 27, 2025. The event recognized and honoured more than 25 organizations for their outstanding contributions to environmental protection and sustainability. The ceremony was graced by Shri Arjun Ram Meghwal, Hon'ble Union Minister of Law and Justice and Minist ...Read More >
VISAKHAPATNAM: The depression over northwest and adjoining west-central Bay of Bengal and north Andhra Pradesh - south Odisha coasts moved north-north-westwards and crossed South Odisha coast close to Gopalpur during early morning of Tuesday and lay cantered over south coastal Odisha. Weatherman said it was likely to move north-westwards across south Odisha and south Chhattisgarh and weaken into a well-marked low-pressure area during next few hours. Under its influence, thunderstorms accompani ...Read More >
- India's economic growth momentum remains strong and resilient, even in the face of rising US tariffs, according to S&P Global Ratings. In a major vote of confidence, the global rating agency upgraded India's long-term sovereign credit rating from 'BBB-' to 'BBB' with a stable outlook -- marking the country's first upgrade in 18 years. S&P attributed the upgrade to strong domestic demand, fiscal consolidation, and accommodative monetary policy. It forecast India's economy to grow at an average ...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 >
Patna: Non-vegetarian dishes have made Bihar's politics spicier on several occasions, and so union minister and senior JD (U) leader Rajiv Ranjan Singh aka Lalan Singh' recent mutton party for party workers and supporters under his Munger constituency was no exception. Lalan Singh listened to problems of common people at Suryagarha in Lakhisarai district of Bihar (part of Munger constituency) to sort them out with local authorities and also threw a mutton party for them, creating a controversy ...Read More >
MUMBAI : In the face of decadal-low savings rates, state-run banks are hoping that dropping charges for not maintaining a minimum balance will help hold customers' interest in bank deposits. The decision, said two bankers close to the matter, follows a regulatory push to address customer grievances, as well as internal surveys that estimated limited revenue loss if such minimum balances are not maintained. "The Reserve Bank of India wanted us to look into complaints, and this was one of the ma ...Read More >
Hyderabad (Telangana) [India], July 12 (ANI): Department of Official Language under the Ministry of Home Affairs organised 'Dakshin Samvad' in Hyderabad as part of its Golden Jubilee celebrations. The event became a vivid testimony to linguistic harmony, the multilingual consciousness of the nation, and the continuous progress of the Hindi language. In her welcome address, Secretary of the Department of Official Language, Anshuli Arya, said in a press note, 'Today's celebration - 'Dakshin Samv ...Read More >
MUMBAI : Shiv Sena (UBT) MP Sanjay Raut on Friday posted a video on X purportedly showing the state's social justice minister Sanjay Shirsat of the Shiv Sena sitting in a room along with a partially opened bag containing what look like bundles of currency notes. Shirsat, however, rubbished the claim, saying the bag only contained clothes.The allegation came a day after it emerged that Shirsat had received a notice from the income tax department seeking an explanation for increase in his financia ...Read More >
Hyderabad (Telangana) [India], July 12 (ANI): Department of Official Language under the Ministry of Home Affairs organised Dakshin Samvad in Hyderabad as part of its Golden Jubilee celebrations. The event became a vivid testimony to linguistic harmony, the multilingual consciousness of the nation, and the continuous progress of the Hindi language. In her welcome address, Secretary of the Department of Official Language, Anshuli Arya, said in a press note, Today celebration - Dakshin Samvad - i ...Read More >
Hyderabad: While some oppose Hindi for political reasons, the people of India have accepted it wholeheartedly. Any opposition to Hindi is a barrier to national progress, said Union minister G. Kishan Reddy. He was addressing a gathering at the Dakshin Samvad event at GMC Balayogi Indoor Stadium in Hyderabad on Friday. Andhra Pradesh Deputy Chief Minister Pawan Kalyan, speaking from the same stage, questioned the resistance to Hindi in parts of the country. "If we can learn German or Japanese fo ...Read More >
New Delhi: Good news for bank customers! Several major public sector banks in India have scrapped the requirement to maintain an Average Monthly Balance (AMB) in savings accounts. This move comes as a big relief for account holders, especially those struggling to meet the minimum balance rules. Average Monthly Balance (AMB) is the average amount you need to keep in your savings or current account every month. Banks calculate this at the end of each month. If your balance falls below the require ...Read More >
Jaipur: Government banks across Rajasthan were closed, and around 11,000 bank employees and officers in the state joined the nationwide strike on Wednesday to press for their demands. The protest is part of a larger movement by bank employees in support of 17 key demands. According to Mahesh Mishra, General Secretary of the Rajasthan State Bank Employees Union, major banking associations have supported the strike. PNB, Bank of India, Indian Bank and Union Bank of India are observing strikes, ...Read More >
New Delhi, July 8 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Tuesday received dividend cheques to the tune of Rs 5,304 crore on behalf of the government from three public sector banks for the financial year ended on March 31, 2025. A dividend cheque of Rs 2,335 crore for FY 2024-25 was presented to the Finance Minister, in her North Block office, by Punjab National Bank MD and CEO Ashok Chandra, while Bank of India MD & CEO Rajneesh Karnatak presented a cheque of Rs 1,353 crore. Th ...Read More >
BHUBANESWAR: Police on Friday arrested four persons, including the husband of a former sarpanch, for allegedly looting Rs 27 lakh from Indian Bank's Mandhatapur branch in Nayagarh district. The accused have been identified as Sagar Moharana (26) of Jagatsinghpur, Pramod Nayak (21) of Daspalla, Purna Chandra Prusty (50), husband of former sarpanch of Jemadeipur panchayat of Nayagarh Sadar, and Kartika Barad (50) of Itamati. While Prusty and Barad were involved in plotting the robbery, six others ...Read More >
Lucknow (Uttar Pradesh) [India], July 4 (ANI): Bahujan Samaj Party (BSP) chief Mayawati on Friday took a jibe at the Bihar government for appointing principals to five colleges in Patna University via a draw of lots. She alleged that the principals have not been appointed based on their expertise in a subject. Sharing an X post, Mayawati wrote, "The issue of appointing principals through a new 'lottery' system in five prestigious colleges of the renowned Patna University in Bihar has become qui ...Read More >
Chandigarh (Punjab) [India], July 4 (ANI): The Punjab and Haryana High Court will hear the bail application of Shiromani Akali Dal (SAD) leader Bikram Singh Majithia on July 8, in connection with an alleged drug case. According to the Prosecutor, the bail application that was submitted on Thursday contained certain errors, following which the court directed that the application be filed again. Also Read | PNB, Indian Bank and Bank of India Cut MCLR by 5 BPS in July 2025 After RBI Repo Rate Cut ...Read More >
Dehradun (Uttarakhand) [India], July 4 (ANI): Following the completion of four years as the Chief Minister of Uttarakhand, Pushkar Singh Dhami said that in the past four years, he has faced many challenges, but with the "grace of god", every time it became an "opportunity" for him. Pushkar Singh Dhami participated in the 'Northern Region Ministers Conference on Civil Aviation' in Dehradun. He was accompanied by Union Minister of Civil Aviation Ram Mohan Naidu. Also Read | PNB, Indian Bank and ...Read More >
New Delhi: Bollywood top actress Deepika Padukone has once again proved that she is a global icon. The actress has been chosen as a recipient of prestigious Hollywood Walk of Fame star in the coming year. Deepika has pinned India on the global map as Hollywood Chamber of Commerce honours Deepika with her star on the Hollywood Walk of Fame for the class of 2026 in Motion Pictures category. Announced over a live-stream, it becomes even more special as Deepika becomes the first Indian to receive t ...Read More >
New Delhi: After Punjab National Bank, another PSU lender Indian Bank has announced waiver of minimum balance charges across all Savings Bank accounts. "Indian Bank has announced the complete waiver of minimum balance charges across all Savings Bank accounts, effective July 7, 2025. This move is aimed at fostering financial inclusion and making banking more accessible and affordable for all sections of society," the bank said in a statement. This move is set to benefit a vast spectrum of India ...Read More >
Sangareddy (Telangana) [India], July 1 (ANI): Telangana Governor Jishnu Dev Varma has expressed grief over the tragic fire accident that occurred at the Pashamylaram industrial area in Sangareddy district that killed 12 people. The Governor paid condolences to the families of those who lost their lives in the incident and wished a speedy recovery to the injured. Also Read | Rules Changing From July 1, 2025: From LPG Cylinder Prices and Railway Fares to Aadhaar-PAN Link, Check Key Rule Changes ...Read More >
Mumbai: The Nifty PSU Bank Index jumped more than 2.5% Monday after the finance ministry urged these lenders to offer more credit and monetise subsidiaries through IPOs and stake sales. They bucked the declines in the rest of the banking space. The Nifty PSU Bank Index gained 2.7%, while the Bank Nifty and benchmark Nifty lost 0.2% and 0.5%, respectively. All 12 stocks in the PSU Bank index closed higher. Bank of Maharashtra soared 5.3% while Punjab National Bank and Bank of Baroda rallied 3.9 ...Read More >
Mumbai, June 30 (SocialNews.XYZ) After rising for four straight sessions, the Indian stock markets took a breather on Monday as investors booked profits amid the absence of strong domestic cues. The Sensex dropped 452 points, or 0.54 per cent, to close at 83,606.46. During the day, it moved between an intra-day high of 84,099.53 and a low of 83,482.13. Nifty also followed suit. The 50-share index opened at 25,661.65, touched a high of 25,669.35, and closed at 25,517.05, down by 120.75 points o ...Read More >
New Delhi, Dec 4 (VOICE) The Enforcement Directorate (ED) has said it seized crypto (USDT) worth Rs 1.36 crore and Rs 47 lakh cash during search operations conducted in various cities in crypto fraud case. The search operations were conducted from November 28 to November 30 at 13 premises in Delhi, Gurugram, Jodhpur, Jhunjhunu, Hyderabad, Pune and Kolkata under the provisions of the Prevention of Money laundering Act (PMLA), 2002. The investigating agency said the search resulted into the recov ...Read More >
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