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The Rail Infrastructure Development Company (Karnataka) Limited, or K-RIDE, has successfully encashed performance bank guarantees worth Rs 57 crore issued by Larsen & Toubro (L&T) through YES Bank, following an arbitration tribunal's rejection of L&T's plea to block the move. The guarantees were linked to civil works under Corridors 2 and 4 of the Bengaluru Suburban Rail Project (BSRP). K-RIDE completed the encashment on Saturday (April 4), after the tribunal upheld its position that L&T had de ...Read More >
Mumbai : Bank earnings in FY26 are set to shift from margin-led gains to volume-driven growth, even as funding pressures intensify with banks increasingly tapping costly wholesale sources to sustain credit expansion. According to data released by RBI, system-level advances grew 13.8% as of March 15, outpacing deposit growth of 10.8%, widening the gap between loans and liabilities. This divergence has intensified competition for funds, pushing banks to rely more on high-cost certificates of depos ...Read More >
Mumbai: Leadership changes at YES Bank are underway, with the private lender transitioning to a new chief just as its previous CEO completes his term. Leadership Transition Begins Prashant Kumar stepped down as Managing Director and CEO on April 05, 2026, marking the end of his tenure at the bank. The transition was immediate, with Vinay Muralidhar Tonse taking charge the very next day. This ensures continuity at the top, avoiding any leadership gap during a critical phase for the bank. New C ...Read More >
New Delhi, Apr 6 (PTI) Private sector Yes Bank on Monday said Vinay Muralidhar Tonse has taken charge as MD and CEO of the bank for three years. Tonse, a former MD of State Bank of India, replaced Prashant Kumar who completed his extended term on April 5. Tonse has taken charge as Managing Director & Chief Executive Officer of the bank with effect from April 6 on such terms and conditions, including remuneration, as approved by Reserve Bank of India and subject to the approval of the sharehold ...Read More >
The Rail Infrastructure Development Company (Karnataka) Limited, or K-RIDE, has successfully encashed performance bank guarantees worth Rs 57 crore issued by Larsen & Toubro (L&T) through YES Bank, following an arbitration tribunal's rejection of L&T's plea to block the move. The guarantees were linked to civil works under Corridors 2 and 4 of the Bengaluru Suburban Rail Project (BSRP). K-RIDE completed the encashment on Saturday (April 4), after the tribunal upheld its position that L&T had de ...Read More >
Three days after the arrest of CREST project director Sukhwinder Singh Abrol in the ₹83-crore fraud case, the Chandigarh Police on Wednesday arrested an accountant, Sahil Kukkar, as the probe into the alleged siphoning of funds gained pace. A resident of Sector 78, Mohali, and originally hailing from Fazilka, Punjab, Kukkar joined the investigation on Tuesday. But during interrogation, he failed to clarify or justify multiple transactions amounting to crores that were funnelled into shell fi ...Read More >
Mumbai (Maharashtra) [India], April 1 (ANI): The Indian rupee may come under further pressure in the coming months if the ongoing West Asia crisis continues, with the Reserve Bank of India (RBI) likely needing to remain flexible in its approach, according to a report by Yes Bank. The report stated that the rupee could weaken to 97.00-97.50 against the US dollar in the first half of FY27. Also Read | Pune Weather Update: IMD Predicts Heatwaves and Above-Normal Rainfall. "RBI will have to be op ...Read More >
India financial reforms from April 1: Income-tax Act 2025, PAN rules, credit card reporting, TDS changes, RBI 2FA mandate and railway ticket rules explained India is set to usher in a wide-ranging set of regulatory and financial changes from April 1, 2026, covering taxation, banking, digital payments, credit cards, labour laws, and railway ticketing, as part of efforts to modernise systems, improve compliance, and enhance user convenience. Income-tax overhaul begins The six-decade-old Income- ...Read More >
Mumbai: Nifty Bank has recorded its worst monthly performance in six years, with the index falling more than 16 percent in March. This is the steepest decline since March 2020, when markets had crashed during the COVID-19 outbreak. What makes this fall significant is that every single one of the 14 stocks in the index declined, and all losses were in double digits. The fall ranged between 11 percent and 22 percent, showing broad-based weakness across the banking sector. Heavy Losses in Large B ...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 >
Gurgaon/Mumbai : Paisabazaar, India's largest consumer credit marketplace and free credit score platform, and YES BANK, India's sixth largest private sector bank, have announced the launch of the upgraded YES BANK Paisabazaar PaisaSave Credit Card. This co-created credit card now offers one of the highest dining and travel cashback benefits in its category. With a powerful 6% cashback on dining and travel spends, the revamped PaisaSave Credit Card delivers strong value with no joining fee, maki ...Read More >
Reliance, Inc. (EXCHANGE:RS) Executive Vice President and Chief Operating Officer Stephen Paul Koch, sold 3,066 shares of common stock on December 1, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sales were executed in three separate transactions at a weighted average price ranging from $283.26 to $285.32, resulting in a total value of $869388. Following the transactions, Koch directly owns 14,021 shares of Reliance, Inc. common stock. He also indirectly ow ...Read More >
New Delhi, Dec 5 (SocialNews.XYZ) The Enforcement Directorate (ED) on Friday said it has provisionally attached properties and assets belonging to Anil Ambani-led Reliance Group entities worth Rs 10,117 crore to date. In the latest action, the financial regulator attached over 18 properties, fixed deposits, bank balance and shareholding in unquoted investments of Reliance Anil Ambani Group "worth Rs 1,120 crore in Reliance Home Finance Limited/Reliance Commercial Finance Limited/Yes Bank Fraud ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday said it has provisionally attached properties and assets belonging to Anil Ambani-led Reliance Group entities worth Rs 10,117 crore to date. In the latest action, the financial regulator attached over 18 properties, fixed deposits, bank balance and shareholding in unquoted investments of Reliance Anil Ambani Group "worth Rs 1,120 crore in Reliance Home Finance Limited/Reliance Commercial Finance Limited/Yes Bank Fraud Case". Also Read: PM M ...Read More >
New Delhi, Nov 20 (PTI) State-owned NHAI on Thursday said it is in the process of establishing Raajmarg Infra Investment Trust (RIIT) as a Public InvIT to unlock the monetization potential of National Highway assets. A Public Infrastructure Investment Trust (InvIT) is an investment vehicle that enables retail investors to directly invest in and earn income from a pool of operational infrastructure projects. Units of public InvITs are listed and traded on stock exchanges such as the National St ...Read More >
New Delhi, Nov 10 (PTI) Union Cooperation Minister Amit Shah on Monday launched two mobile applications - Sahakar Digi Pay and Sahakar Digi Loan - for urban cooperative banks, describing digital payment adoption as essential for their survival in an increasingly cashless economy. Addressing a two-day international conference on the urban cooperative credit sector, Shah highlighted the government's efforts to professionalise urban cooperative banks (UCBs) and cooperative credit societies, credit ...Read More >
Anil Ambani Reliance Goup: The Enforcement Directorate has frozen over 40 properties valued at more than ₹3,000 crore connected to Anil Ambani's Reliance Group. These attached assets include Anil Ambani's Pali Hill residence and various properties across major Indian cities. The ED's action targets entities within the group, with attachments made in Delhi, Mumbai, and other key locations. Reliance ED Probe: Trouble seems to be closing in on Anil Ambani's business group. The Enforcement Directo ...Read More >
New Delhi, Nov 3 (UNI) The Enforcement Directorate (ED) today said that it has provisionally attached over 40 properties of the Reliance Anil Ambani Group, including the family's famed Pali Hill residence in Mumbai, in a money laundering case, with the total value of the seized assets exceeding Rs 3,000 crore. Properties based in Delhi, Noida, Ghaziabad, Mumbai, Pune, Thane, Hyderabad, Chennai, Kancheepuram, and East Godavari have been attached. The attached assets comprise office spaces, resi ...Read More >
MUMBAI: The US-based private equity firm Blackstone is set to acquire nearly 10% stake in Federal Bank for Rs 6,196.5 crore. The Kerala-based bank's board approved the proposal on Friday, it now requires shareholder and regulatory clearances, including from RBI and Competition Commission of India. This is the latest instance where an Indian lender has tapped private capital through a large-ticket deal this year. The deal activity has driven debate on whether RBI is taking a more liberal view of ...Read More >
Private banks such as Yes Bank, RBL, DCB, Federal and City Union Bank can rally up to 48%, hint charts. Shares of private banks, mainly Yes Bank and RBL Bank have been in limelight after Japan-based Sumitomo Mitsui Banking Corporation and UAE-based Emirates NBD picked equity stake in these two Indian private banks. Sumitomo Mitsui became the largest shareholder in Yes Bank at 24.99 per cent following the additional stake purchase from SBI and a consortium of seven other shareholders. Over the ...Read More >
MUMBAI : Emirates NBD Bank's decision to buy a controlling stake in RBL Bank for $3 billion is likely to see more global banks looking at having an India play. With the banking regulator likely to allow such transactions going forward, a floodgate of more such transactions will open up, say bankers and industry experts. On Saturday, Emirates NBD said it has entered into an agreement to acquire a 60% stake in RBL Bank for ₹26,850 crore. The transaction, which is subject to shareholder and regula ...Read More >
Mumbai, Oct 19 (PTI) RBL Bank expects Emirates NBD Bank's USD 3 billion fund infusion, the largest FDI in the financial services sector, to close by June next year, once the regulatory and government approvals are secured, a top official said on Sunday. RBL Bank will merge with NBD's wholly-owned subsidiary operating in India and become a "listed foreign bank subsidiary" post-deal, the management said. "Our aspiration is to grow multi-fold, and the capital will help. We are now a mid-sized sma ...Read More >
New Delhi, Oct 19 (PTI) The Congress on Sunday said foreign firms gradually being allowed to acquire Indian banks was "imprudent" as it poses substantial risks and recalled that the Jan Sangh had criticised then prime minister Indira Gandhi for not nationalising foreign banks in July 1969. Congress general secretary in-charge communications Jairam Ramesh's assertion came after Emirates NBD Bank, the second largest in the UAE, expressed interest in acquiring a majority 60 per cent stake in RBL B ...Read More >
According to Reserve Bank of India (RBI) data, system credit growth edged up to 10.3% year-on-year as of September 5, compared with 10% as of August 22, while deposit growth moderated to 9.8% from 10.2% over the same period. The system credit-deposit ratio remained elevated at 79% as of September 2025. Mumbai: Banks reported modest loan growth in the September quarter, broadly in line with the system-wide expansion of around 10.5%, while deposit growth remained resilient despite recent rate cut ...Read More >
Mumbai, Oct 7 (PTI) The Reserve Bank on Tuesday said bill payment system Bharat Connect has been linked with foreign exchange retail platform, enabling individual customers to buy US dollars in the form of currency notes, forex card load or for outward remittances at competitive prices. With the linkage, customers will be able to access USD through their preferred payment/banking apps integrated with the Bharat Connect or Bharat Bill Payment System (BBPS) platform. Currently, five lenders -- A ...Read More >
Mumbai: The Enforcement Directorate (ED) on Tuesday conducted searches at six premises of the Anil Ambani-linked Reliance Infrastructure Ltd (RInfra) in Indore (Madhya Pradesh) and Mumbai (Maharashtra) as part of its probe into alleged illegal remittances abroad, violating the Foreign Exchange Management Act (FEMA), official sources said. ED Probing Transactions With Yes Bank According to the sources, the current FEMA-related searches are linked to the Jaipur-Ringus Toll Road, operated by JR T ...Read More >
Self-styled godman Chaitanyananda Saraswati faces five days of police custody. He was arrested in Agra for molesting female students at a Vasant Kunj institute. Saraswati, a former college chairman, allegedly created a zone of fear in the hostel. He used remote CCTV access and tampered with DVR systems. Financial misconduct charges also emerged against him. Delhi's Patiala House Court on Sunday remanded self-styled godman Parthasarathy alias Chaitanyananda Saraswati to five days of police custo ...Read More >
Bengaluru: In a swift operation, the Bengaluru police have recovered Rs 14 lakh which BJP Chikkaballapura MP K Sudhakar's wife Preeti had lost in a cyber fraud through 'digital arrest'. Digital arrest is a cyber scam in which fraudsters impersonate police or enforcement agency officials and threaten victims through WhatsApp video calls, claiming they are booked in criminal cases. Preeti (44), resident of Basaveshwaranagar, Bengaluru, received a WhatsApp call from cyber fraudsters posing as off ...Read More >
The festival promises an exhilarating opening evening featuring a stellar lineup of melodic storytellers. On October 4-5, 2025, Jio World Garden in Mumbai will transform into the ultimate Bollywood music extravaganza as YES BANK Bollywood Music Project 2025 returns for its mammoth eighth edition. The highly anticipated Mumbai edition of Asia's largest Bollywood music festival will unfold over a non-stop marathon featuring more than 30 of the industry's most iconic voices and innovators. Spannin ...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 >
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