Business Finance

HDFC Bank Credit-Deposit Gap Widens In Q4

By BPN News Desk
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 […]
RBI
Finance

RBI Caps Rupee Open Positions At $100 Million

By BPN News Desk
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 […]
idfc
Business Finance

Vikram Wadhwa Arrested In IDFC Bank Fraud

By BPN News Desk
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
income tax
Finance

Income Tax Emails Flag High Value Transactions

By BPN News Desk
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
idfc
Business Finance

ED Raids 19 Sites In ₹597 Crore IDFC Fraud

By BPN News Desk
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 […]
rupee
Business Finance

Rupee May End 2026 Near 93 Against Dollar

By BPN News Desk
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 […]

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