SGB 2021-22 Series V premature redemption yields 223% gain
Investors in the Sovereign Gold Bond (SGB) 2021-22 Series V can redeem their bonds prematurely on 17 August 2026 at Rs 15,295 per unit, against an issue price of Rs 4,740 for…
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India GDP likely grew 7% in Q1 FY27 amid Iran war impact
India's economic growth likely held above 7% in the first quarter of FY27, with an ET poll of 10 economists putting the median at 7.3%. The RBI has projected Q1 growth at…
Govt discusses 50 bps cut in Kisan Credit Card interest subvention
The government is in preliminary discussions with banks to reduce the interest subvention on Kisan Credit Card (KCC) loans by 50 basis points, the Economic Times reports. The move is intended to…
No blanket freeze of bank accounts in cybercrime probes: HC
The Lucknow bench of the Allahabad high court has ruled that investigating agencies cannot impose a blanket debit freeze on a person's bank account when the alleged cybercrime transaction involves a specific…
RBI tightens rules on recovery agents for all regulated entities
The Reserve Bank of India (RBI) has issued comprehensive directions on the conduct of loan recovery and engagement of recovery agencies for all regulated entities, including Small Finance Banks, Local Area Banks,…
RBI to auction Rs 24,000 crore in treasury bills on August 19
The Reserve Bank of India will auction Government of India Treasury Bills worth a total of Rs 24,000 crore on Wednesday, August 19, 2026. The notified amounts are Rs 9,000 crore for…
India at 80: Strong markets, growth focus, RBI credibility
India turns 80, and a senior editor at NDTV Profit offers a citizen's perspective on the country's economic journey. The piece highlights three pillars of confidence: a stock market that is large,…
India secretly airlifted gold in 1991 to avert default
In July 1991, India secretly airlifted 46.91 tonnes of gold from RBI vaults in Mumbai to London, pledging it to raise $405 million in emergency loans. The operation, involving the Bank of…
Rahul Sahai urges early rollout of J&K industrial policy
ICC Jammu chairman Rahul Sahai has called for the early rollout of a new industrial incentive policy for Jammu and Kashmir, warning that policy uncertainty is hurting fresh investment and credit growth.…
SBI tops in deposits and customers, HDFC Bank leads per-customer average
State Bank of India has the largest deposit base at Rs 60.4 lakh crore and the highest customer count of 53 crore, according to data from investment platform Groww shared on X.…
