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While 290.37 metric tonnes of gold were kept in safe custody with the Bank of England (BoE) and the Bank for International Settlements (BIS), 13.99 metric tonnes were held in the form of gold deposits, it said.
Gross written premium (GWP) for the quarter stood at Rs 2,667 crore, up 12.6 percent from Rs 2,369 crore in Q2 FY25.
The expense ratio is currently at 29.7% in H1FY26.
The move would force ESAF’s promoter to find an alternative way to reduce its shareholding in the bank
The feature allows policyholders to make premium payments directly through their preferred mobile banking app, without having to log in separately using internet banking credentials
The bank took the step over the last few months with the employees, who were at the center of the allegedly disputed trades of Credit Suisse’s Additional Tier 1 bonds
RBI Governor Sanjay Malhotra’s period has coincided with a challenging global environment marked by a persistently strong dollar, geopolitical tensions, and a widening interest rate differential between India and the US.
Yield on commercial papers (CP) have hardened by 15-17 basis points amid fluctuation in the systemic liquidity in the banking system.
Citi India CEO said renewables, semiconductors, electronics and battery energy storage are some of bright pockets where capex is expected to rapidly grow in the coming years.
Citi ranks No 1 in business with multinational, enjoys 35% market share in custodian biz, 14% share in forex and 8% market share in imports and exports biz
India supports about 80 countries globally, with some employees having created their AI patents, the CEO tells Moneycontrol
The approval of the SPA and the subsequent invitation of financial bids will mark the final phase of the long-awaited IDBI Bank privatisation process that has been underway since 2021.
The pipeline of companies waiting to hit the market is quite robust and there could be a meaningful spill over to early 2026, Balasubramanian tells Moneycontrol in an interview
The government plans to retain a minimum shareholding of 51% in state-run banks, according to the first source. At present, the government has much higher ownership in all 12 banks.
Currency experts said traders will monitor the US Federal Reserve’s commentary following a widely anticipated rate cut and the magnitude of overseas fund flows.
India’s festive season boom isn’t just about rising consumption, it’s how borrowing has become part of everyday financial behaviour
The central bank’s draft framework gives lenders more room to back India’s capital markets — but with clear boundaries to prevent excesses.
SBI News: The bank has recruited 505 Probationary Officers (POs) in June
In the July-September quarter, advances of Commercial Vehicles and Commercial Equipment grew just 2 percent quarter-on-quarter to Rs 43,676 crore, while on a year-on-year basis, this segment grew 12 percent.
The divestment of IDBI Bank was announced in February 2021. However, the process was formally kick started on October 7, 2022, when DIPAM invited Expressions of Interest (EoI) for strategic divestment of IDBI Bank.
Net Advances increased 16 percent YoY to Rs 462,688 crore as at September 30, 2025 from Rs 399,522 crore as at September 30, 2024.
Media reports had said that Indian Overseas Bank (IOB), Central Bank of India (CBI), Bank of India (BOI) and Bank of Maharashtra (BOM) could be merged with big banks such as Punjab National Bank (PNB), Bank of Baroda (BoB) and State Bank of India (SBI).
Currency in circulation usually surges during the festive season, resulting in lowering liquidity in the banking system
According to the company’s release, the company’s health business grew 41 percent, personal accident (PA) segment rose 48 percent, and the motor insurance portfolio expanded 17 percent
For Moneycontrol's Pro Panorama October 24 edition: Indian elections are caught in a populist loop, walking the fine line between growth and green, the real cost of your investment, stagnant productivity as lenders chase deposits, and more
