RBI Holds Repo Rate, Home Loans Stay Stable

By BPN News Desk April 8, 2026

Business Finance

The Reserve Bank of India has kept the repo rate unchanged at 5.25%, offering stability to borrowers and the housing market but no immediate reduction in home loan rates. The decision means lenders are unlikely to cut rates further in the near term, though recent easing has already lowered

Business Finance

HDFC Bank Credit-Deposit Gap Widens In Q4

By BPN News Desk April 4, 2026

HDFC Bank Credit-Deposit Gap Widens In Q4 HDFC Bank’s provisional business update for the quarter ended March 31 showed loan growth continuing to outpace deposit growth, widening the gap between advances and deposits. The update pointed to steady credit expansion, but also highlighted the continued need for stronger deposit mobilisation as the bank heads into […]

Finance

RBI Caps Rupee Open Positions At $100 Million

By BPN News Desk March 28, 2026

The Reserve Bank of India has capped banks’ net open positions in the rupee at $100 million in the onshore deliverable market, in a move aimed at containing currency volatility after the rupee fell to a record low against the US dollar. The step comes as pressure on the Indian currency has intensified amid higher […]

Business Finance

Vikram Wadhwa Arrested In IDFC Bank Fraud

By BPN News Desk March 15, 2026

Chandigarh Police have arrested businessman Vikram Wadhwa in connection with an alleged financial fraud linked to accounts maintained at IDFC First Bank’s Chandigarh branch. The arrest is part of an ongoing investigation into suspected diversion of funds through unauthorised banking transactions and shell entities. Vikram Wadhwa Arrested In IDFC First Bank Fraud Case

Finance

Income Tax Emails Flag High Value Transactions

By BPN News Desk March 15, 2026

India’s Income Tax Department has started sending emails to several taxpayers highlighting significant financial transactions and possible shortfall in advance tax payments. The communication is part of the department’s ongoing data analytics exercise aimed at improving tax compliance and reminding individuals to review their tax liabilities before the end of the financial

Business Finance

ED Raids 19 Sites In ₹597 Crore IDFC Fraud

By BPN News Desk March 13, 2026

The Enforcement Directorate (ED) has conducted search operations at 19 locations across Chandigarh, Mohali, Panchkula, Gurugram and Bengaluru in connection with an alleged ₹597-crore fraud linked to IDFC First Bank. Authorities also froze more than 90 bank accounts suspected to be connected to the diversion of funds as investigators attempt to trace the money trail […]

Business Finance

RBI Says No Systemic Risk In IDFC First Bank Fraud

By BPN News Desk February 24, 2026

IDFC First Bank has disclosed a suspected ₹590 crore fraud linked to government-related accounts, triggering a sharp fall in its share price and prompting an RBI review. The Reserve Bank of India said the incident does not pose a systemic risk to the wider banking sector and is being closely monitored. An independent forensic audit […]

Business Finance

SBI In Talks With Japanese Lenders For M&A Funding

By BPN News Desk February 21, 2026

State Bank of India (SBI) is in discussions with Japanese financial institutions to explore funding support for mergers and acquisitions, as the lender looks to utilise expanded lending capacity under revised regulatory norms. The move comes as SBI gains significant headroom for large-ticket financing. SBI Japanese Lenders M&A Financing Talks SBI is reportedly engaging

Business Finance

RBI Begins Talks To Ease Overseas Investment Rules

By BPN News Desk February 17, 2026

The Reserve Bank of India (RBI) has begun discussions with stakeholders to review and potentially relax rules governing overseas investments by Indian entities, aiming to improve capital access and support global expansion of domestic companies. RBI Overseas Investment Norms Review Officials have initiated consultations with banks, industry representatives and financial

Business Finance

Rupee May End 2026 Near 93 Against Dollar

By BPN News Desk February 14, 2026

The Indian rupee is projected to weaken toward the 93 per dollar level by the end of 2026 due to capital outflows and rising import costs, according to market assessments. Rupee Outlook 2026 Currency Forecast Analysts expect pressure on the currency as global investment flows shift and domestic demand for foreign exchange increases. Capital movement […]