Hyderabad, April 23 (IANS) Hyderabad Police Commissioner V. S. Sajjanar on Thursday asked the banks to focus on preventing cyber frauds by ensuring zero mule accounts.The Hyderabad police chief recommended the introduction of a twin-challenge framework to reorient bank branch priorities away from account-opening targets and towards citizen safety and institutional integrity.He strongly advocated that both these challenges should be embedded as formal Key Performance Indicators (KPIs) at the bran…
Latest Banks News & Updates
New Delhi, April 22 (IANS) India’s benchmark Nifty 50 could be in the 28,000–31,000 range by the end of March 2027, implying a 15 per cent to 25 per cent upside from current levels, a report said on Wednesday.The report from investment management firm OmniScience Capital underpinned the outlook on FY27 Nifty 50 earnings per share of Rs 1,280 to Rs 1,320 and projected an earnings growth of 10 per cent–13 per cent.It forecasted a potential re-rating driven by easing geopolitical tensions, mo…
New Delhi, April 5 (IANS) Profitability of banks is likely to improve year-on-year (YoY) in the March quarter of FY26, supported by sustained growth in advances, higher fee income and lower credit costs, a report said on Sunday.The data compiled by Systematix Institutional Equities noted that banks are expected to deliver better earnings performance in the fourth quarter, even as margin pressures persist.The improvement in profitability is being driven primarily by steady expansion in loan books…
New Delhi, April 1 (IANS) Pradhan Mantri Mudra Yojana (PMMY) has sanctioned more than 52.37 crore loans disbursing a total of Rs. 33.65 lakh crore since its launch in April 2015, according to an official fact-sheet.Around 70 per cent of loans went to women entrepreneurs and about 50 per cent to borrowers from Scheduled Caste, Scheduled Tribe and Other Backward Classes, the fact-sheet said.A category‑wise breakdown of loan sanctions showed that Shishu loans account for 78 per cent of the number…
New Delhi, March 31 (IANS) The Reserve Bank of India (RBI) has deferred the implementation of its revised capital market exposure framework by three months, changing the effective date to July 1, 2026, from the earlier April 1 deadline.The decision comes after feedback from banks, capital market intermediaries (CMIs), and industry bodies, which highlighted operational and interpretational challenges in implementing the new norms.The central bank had initially issued the amendment directions on F…
Gandhinagar, March 28 (IANS) Positioning India as a competitive global financial hub, Gujarat’s GIFT City has recorded rapid growth in financial activity and international participation, prompting Chief Minister Bhupendra Patel to describe it as a “vibrant reality driving economic growth”. The Chief Minister said the project, envisioned by Prime Minister Narendra Modi during his tenure in Gujarat, has moved beyond its initial concept to become a fully operational international financial hub….
New Delhi, March 17 (IANS) Aam Aadmi Party (AAP) Rajya Sabha MP Raghav Chadha, on Tuesday, raised the issue of minimum account balance penalties in the Upper house of Parliament, urging the Union government to end such charges on small bank accounts, saying that they disproportionately affect the poor and financially vulnerable.Speaking in the Rajya Sabha, Chadha said banks have collected nearly Rs 19,000 crore in penalties over the last three years from customers, who failed to maintain the req…
New Delhi, March 11 (IANS) Over 7.72 crore Kisan Credit Cards (KCC) are active nationwide with outstanding loans of around Rs. 10.2 lakh crore, an official factsheet said on Wednesday.The KCC platform has onboarded 457 banks after processing over 1,998.7 lakh credit applications, with 631.5 lakh processed through commercial banks, 337.2 lakh through regional rural banks and 1,030 lakh through cooperative banks, according to the statement.The data reflects the broad institutional participation in…
Mumbai, Feb 26 (IANS) Foreign institutional investors (FIIs) logged their highest inflow in 17 months in the month of February, recording net inflows of about $2.44 billion, as per exchange data on Thursday.FIIs bought nearly $2.14 billion in secondary markets and $299 million in primary markets in February, posting the largest monthly net purchase since September 2024.Primary market buying by FIIs has been steady since October 2023 but between January 2024 and December 2025, cumulative secondar…
New Delhi, Feb 25 (IANS) Early signs of revival are emerging in Indian markets, with the Nifty projected to reach 27,958 over the next 12 months under a base case scenario, a report said on Wednesday.The report from PL Capital said that a bullish scenario of a 20x forward earnings multiple implies upside toward 30,497, while a conservative bear case suggests 26,486 target for Nifty.The firm said that EPS growth is expected at 3.8 per cent, and medium‑term earnings trajectory remains strong wit…