RBI Says No Systemic Risk In IDFC First Bank Fraud

By BPN News Desk February 24, 2026

Business Finance

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

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 […]

Business Finance

Kotak Mahindra Bank CTO Bhavnish Lathia Resigns

By BPN News Desk February 10, 2026

Kotak Mahindra Bank’s Chief Technology Officer Bhavnish Lathia has resigned less than a year after taking up the role, the bank said in a regulatory filing. Kotak Mahindra Bank CTO Resignation The private lender confirmed that Bhavnish Lathia stepped down from the position, and the resignation will take effect as per the terms communicated to […]

Business Finance

Kotak Mahindra Denies Bid For IDBI Bank

By BPN News Desk February 8, 2026

Kotak Mahindra Bank clarified that it has not submitted a bid for IDBI Bank, responding to market speculation about potential participation in the government’s ongoing disinvestment process. The statement was issued to address reports suggesting the private lender was evaluating an acquisition proposal. Kotak Mahindra Bank Denies IDBI Bank Bid The bank said it has […]

Business Finance

RBI Keeps Repo Rate Unchanged After Budget

By BPN News Desk February 6, 2026

The Reserve Bank of India (RBI) kept the benchmark repo rate unchanged in its first monetary policy decision after the Union Budget, maintaining its cautious approach amid moderating inflation and steady economic growth signals. RBI Repo Rate Decision After Budget The Monetary Policy Committee decided to hold the repo rate steady, signalling continuity in its […]

Business Finance

RBI Holds MPC Meeting to Review Monetary Policy

By BPN News Desk February 4, 2026

The Reserve Bank of India on Wednesday began its Monetary Policy Committee meeting to assess macroeconomic conditions and decide on the future course of interest rates. Rate Decision Due on Friday The three-day meeting will conclude on Friday, when the RBI will announce its policy decision. The committee will review inflation trends, growth indicators, liquidity […]

Business Finance

Rupee Strengthens to ₹90.40 After Trade Deal

By BPN News Desk February 3, 2026

The Indian rupee strengthened to ₹90.40 against the US dollar, gaining about 1.2% following news that the United States reduced tariffs on Indian goods as part of a trade agreement. The appreciation reflected improved investor sentiment and expectations of stronger foreign investment flows. Market Reaction and Trade Impact The currency had been under pressure in […]

Business Finance

Budget 2026 Eases Customs on Cancer Drugs, Baggage

By BPN News Desk February 1, 2026

New Delhi: In the Union Budget 2026-27 presented by Finance Minister Nirmala Sitharaman, the government announced customs duty exemptions on 17 key cancer drugs and medicines to lower treatment costs for patients. The budget also extended duty-free imports to medicines and food for seven additional rare diseases. Personal Baggage Duty Reduced The tariff rate on […]