Banking

US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait of Hormuz, located between Oman and Iran and the vital artery for global energy trade,...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity of gas supply shall be provisionally restricted to 50 per cent of the contracted quantity...

CORPORATE CREDIT IN FOCUS

INDIAN OVERSEAS BANK (IOB) is betting on revival of corporate credit demand in H2 FY26 to balance its lending mix, which is currently dominated...

No change in minimum balance, says HDFC

The bank said it offers multiple savings account types tailored to different customer profiles, each with varying AMB requirements based on the value-added services...

RBI holds repo rate at 5.5% amid US tariff shock, ₹ pressures

The RBI’s six-member rate-setting panel met over three days—August 4th, 5th, and 6th—to assess macroeconomic conditions and calibrate its response to the shifting global...

TMB trains focus on RAM & CASA

Currently, the bank’s focus remains on the RAM sectors—Retail, Agriculture, and MSME—while corporate lending is on hold. In parallel, TMB is investing in building...

APY crosses 8 crore enrolments

In the current financial year alone (FY 2025–26), the scheme has added 39 lakh new subscribers, reflecting its continued popularity and outreach. Launched on May...

Indian Bank’s Q1 net up 24% to ₹2,973 cr

The bank’s net profit grew by 24% to ₹2,973 crore when compared with ₹2,403 crore in the year-ago period, supported by higher income and...

HK branch of IOB draws ire

In a regulatory filing with the stock exchanges under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank disclosed that HKMA found contraventions...

Gross NPA of PSB drops sharply

Gross NPAs decreased from ₹6.16 lakh crore in March 2021 to ₹2.83 lakh crore by March 2025, reflecting a consistent improvement in asset quality...

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US grants 30-day waiver to India to buy Russian Oil: Treasury Secretary Scott Bessent

To enable oil to keep flowing into the global...

West Asia Conflict: A look at potential sectoral impact

Energy: A majority of energy is transported through the Strait...

Somany Ceramics says supplier restricts gas supply, amid Middle East conflict

Accordingly, SGL has informed that the Daily Contracted Quantity...

GAIL mulls supply cuts on customers, amid Force Majeure notices

GAIL said its long-term suppliers, Petronet LNG Ltd, has...

US Trade court orders tariff refunds: report

"All importers of record whose entries were subject to...