Latest Updates Around The World
Following an alleged data breach in the Yes Bank-BookMyForex multi-currency forex card, Yes Bank said in a statement to ET that the bank had flagged unusually high unauthorized transactions on its multi-currency prepaid forex cards on February 24. About Rs 2.5 crore worth of transactions were approved for around 5,000 customers even as 688 attempts […]
MUMBAI: India’s securities regulator has accused current and former executives at local units of PwC and EY, among others, of violating insider trading rules in relation to a share sale by Yes Bank in 2022, according to a regulator reviewed by Reuters.The Securities and Exchange Board of India (SEBI) also accused executives of US private […]
The Indian market ended higher on Friday, with the Sensex and Nifty rising decisively, after a strong earnings surprise from Infosys reignited risk appetite and pulled heavyweight IT stocks sharply higher, among other factors. The rally pushed the Sensex and Nifty to new intraday highs, overturning recent caution and setting a bullish tone for the […]
IDBI Bank on Saturday reported a 1.4% rise in December standalone net profit at Rs 1,935 crore, compared to Rs 1,908 crore reported in the year-ago period. However, profit after tax fell 47% on a sequential basis, compared to Rs 3,627 crore in the second quarter of FY26.The lender earned an interest income of Rs […]
Yes Bank on Saturday reported a 55% rise in December standalone net profit at Rs 952 crore, compared to Rs 612 crore reported in the previous year period. The lender earned interest income of Rs 7,543 crore in Q3FY26, down 3.7% from Rs 7,829 crore in the corresponding period of the last fiscal.The company reported […]
The Federal Bank on Friday reported strong financial performance for the third quarter of FY26, with a net profit of Rs 1,041.21 crore, growing 8.98% year-on-year (year-on-year) and up 9% sequentially (QoQ).The strong increase in operating income was driven by higher core revenues, stable margins and continued operating leverage, as the lender maintained its momentum […]
The Indian market observed a trading holiday today due to the Maharashtra Municipal Corporation elections on Thursday.On Wednesday, the market ended lower with the Sensex and Nifty continuing their decline as concerns over possible US tariffs and continued foreign investor outflows outweighed gains in metals and banking stocks.The benchmark BSE Sensex fell 245 points, or […]
MUMBAI: Economists expect the Reserve Bank of India to keep its key policy rate unchanged at 5.25% in February as inflation starts rising from record lows and growth remains resilient, several economists said. They said the central bank is likely to retain policy space amid uncertainty over trade talks and upcoming changes in the inflation […]
His departure is not related to the derivatives issue that the bank reported earlier this year, a source said Photo credit: Private lender IndusInd Bank’s chairman Sunil Mehta is likely to leave the bank next month after completing his three-year term, sources said. “After he had completed his term of office of three years, [Mehta] […]
Markets regulator Sebi has given in-principle approval to the registration of ‘Raajmarg Infra Investment Trust’ (RIIT) as an Infrastructure Investment Trust (InvIT) and will get the final nod after it meets specific requirements in the next six months, an official statement said on Friday.As part of the process to secure final registration, RIIT will have […]
