Explained: Why gold has overtaken the euro as the world's second-largest reserve asset

For decades, currencies like the U.S. dollar and the euro dominated the world's central bank holdings. Gold's rise to second place signals a major s...

Banking stocks set for uptrend despite margin pressure post RBI rate cut

Public sector banks may be better positioned to weather this NIM pressure due to a higher proportion of MCLR-linked loans in their portfolio.

Bajaj Finance bets on green finance, tech transformation for next growth phase

SBI card rule change from July 15: Pay higher minimum due amount in your next credit card bill; will it mean faster repayment?

State Bank of India (SBI) Cards will modify the minimum amount due calculation from July 15, 2025. The new method ensures full settlement of charges e...

MSC Bank sets up country's first cyber security operations centre

Maharashtra State Cooperative Bank has launched India's first cyber-security operation centre, 'Sahakar Suraksha,' in Navi Mumbai, costing Rs 50 crore...

HDFC Flexi Cap Fund exits IndusInd Bank and HAL, adds Swiggy in May

HDFC Flexi Cap Fund exited IndusInd Bank, Hindustan Aeronautics, and Indigo Paints completely in May, selling over 43 lakh shares combined. At the sam...

SBI reduces interest rates by up to 50 bps after RBI rate action

State Bank of India has reduced its lending rates by 50 basis points after the Reserve Bank of India's policy rate cut, making loans more affordable. ...

Ahmedabad plane crash: Gujarat govt intensifies relief, insurance, identification efforts

In the wake of the tragic Air India AI-171 crash, which claimed 270 lives near Ahmedabad, the Gujarat government has swiftly ramped up rescue, relief,...

Understanding Cyber insurance: Key points to know

Cyber insurance is now vital for protecting against increasing online threats like data breaches and ransomware. It covers expenses related to system ...

Paisabazaar Expands Product Suite with Loan Against Car; Ties Up with HDFC Bank, Tata Capital, and Others

Paisabazaar has introduced 'Loan Against Car,' expanding its product suite and aiming to broaden credit access. Partnering with HDFC Bank, Tata Capita...

Sustainable development: The rise of green MSMEs

Sustainability has become a key growth driver for MSMES but policy-based support for green transition is key for faster transition, say experts.

Faster UPI transaction now as NPCI cut UPI Application Programming Interface response time, know how it will impact users

Starting June 16, 2025, UPI transactions will become faster due to NPCI's software update, significantly reducing API response times. This enhancement...

India positioned to become world's third-largest economy, says PM Modi in Cyprus

India will soon become the third-largest economy in the world, Prime Minister Narendra Modi has said, highlighting myriad economic opportunities the c...

EPFO cautions members against taking help from agents for online services

The EPFO cautions members against using third-party agents for services, advising them to utilize the free online portal to protect their financial da...

Rupee braces for more losses on oil risks; RBI likely to provide support

The Indian Rupee is expected to decline further. This is due to worries about the Israel-Iran conflict. It may push oil prices higher. The Reserve Ban...

India cenbank seeks market views on aligning call money rate with repo, sources say

US-INDIA-BANKS-India cenbank seeks market views on aligning call money rate with repo, sources say

Supreme Court: Bank can't revalue gold once loan repaid

The Supreme Court overturned a Patna High Court decision, reinstating charges against Bank of India officials accused of misappropriating gold pledged...

India's WPI inflation eases to 14-month low of 0.39 per cent in May

India's annual rate of inflation based on the Wholesale Price Index (WPI) eased further to a 14-month low of 0.39 per cent in May from 0.85 per cent i...