IndusInd Bank gets RBI nod for stock broking arm
IndusInd Bank has received RBI approval to set up a wholly owned subsidiary for stock broking business, the bank said on Friday. The Hindu Business Line reports that the central bank also…
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SBI Q1 profit up 10.2% to Rs 21,121 crore, asset quality best in 20 years
State Bank of India posted its highest-ever quarterly net profit of Rs 21,121 crore in Q1FY27, up 10.2% from Rs 19,160 crore a year ago, boosted by an 18.6% jump in advances.…
SBI opens 1,538 clerk posts for OBC, SC, ST candidates
The State Bank of India (SBI) has started registrations for 1,538 Junior Associate (Clerk) posts under a special drive for OBC, SC, and ST candidates. The application window closes on August 27,…
RBI sets new loan recovery rules to end borrower harassment
The Reserve Bank of India (RBI) has issued a comprehensive framework to curb harassment by loan recovery agents, effective January 1, 2027. Banks must inform borrowers of the agent's name and contact…
RBI weighs wider AI rules for banks and NBFCs
The Reserve Bank of India is discussing comprehensive guidelines for banks and non-bank lenders using artificial intelligence, Livemint reports, citing a person familiar with the discussions. The proposed framework could bring together…
RBI absorbs Rs 1.30 lakh crore through reverse repo
The Reserve Bank of India absorbed Rs 1,30,286 crore through a four-day variable-rate reverse repo operation on August 6, 2026, at a cut-off rate of 5.24%. Banks placed another Rs 2,45,409 crore…
J&K Bank to offer SBI Life products across 1,000 branches
J&K Bank has entered a corporate agency partnership with SBI Life Insurance, making the insurer’s products available through the bank’s network of more than 1,000 branches. The offering will cover protection, savings,…
Supreme Court Says Settlements Will Not Halt CBI Realty Probe
The Supreme Court has said realtors cannot avoid Central Bureau of Investigation probes by settling with a few homebuyers. Investigations into alleged cheating and diversion of deposits will continue until all affected…
Woman carries 90-year-old mother-in-law 3 km for pension
A tribal woman in Chhattisgarh’s Surguja district carried her 90-year-old mother-in-law nearly 3 km to a bank after the elderly woman’s Rs 500 monthly pension went unpaid for four months. Sukhmaniya, who…
ICICI Bank ordered to refund Rs 5.18 lakh in FedEx scam
The Nagpur District Consumer Disputes Redressal Commission has ordered ICICI Bank to refund over Rs 5.18 lakh with 9% annual interest to a woman who lost Rs 6.93 lakh in a FedEx…
