Vijay . S

 The Reserve Bank of India (RBI) has levied a penalty of Rs 44.7 lakh on Bandhan Bank due to non-compliance with certain statutory and regulatory norms. An inspection revealed that the bank paid commissions to employees and made manual interventions in account data without proper audit trails. The penalty is based on regulatory deficiencies.

  Bank of Baroda has announced a reduction of over 0.25% in interest rates for select car and mortgage loan products, effective immediately. This move, coinciding with the festive season, aims to boost credit growth amidst calls for economic expansion. The floating car loan interest rate now starts at 8.15%, while loan against property rates are down to 9.15%.

 AIBOC has criticised the government's decision to privatise IDBI Bank, calling it a betrayal of parliamentary assurances made in 2003. The organisation argues that privatisation equates to selling people's savings and weakening the public banking network. The government and LIC jointly own 95% of IDBI Bank, with 60.72% stake set for sale.

Reserve Bank of India directs banks to monitor funds from Pakistan. The concern is that these funds may be used for arms purchases. Indian agencies investigated after a military conflict in May. They found Pakistan nationals sending money via other countries. Pakistan is labeled a 'high risk' jurisdiction. A report accuses a Pakistan entity of evading sanctions.

  Boston Consulting Group reports that AI adoption could reshape 35-50% of Indian banking jobs, addressing limited productivity gains despite increased IT spending. Banks are urged to embrace technology to overcome cost structure challenges. The report also highlights the need for faster credit growth to support India's development goals and concerns over the slow expansion of credit access to new customers.

  The banking sector's loan loss provisioning surged to a three-year high in the June quarter, driven by increased provisioning from private sector banks. While private banks saw a significant rise, public sector banks reported a decline in provisioning. This increase was influenced by one-off provisioning events and policy changes at certain banks.

  South Indian Bank has introduced SIB Gold Xpress, a new gold loan product designed for quick and easy credit access. Borrowers can unlock up to 90% of their gold's value, with loans ranging from Rs 25,000 to Rs 25 lakh and flexible tenures up to three years.

 India’s BFSI Sector: A Talent Boom Beyond the Metros India’s Banking, Financial Services, and Insurance (BFSI) sector is on the brink of remarkable growth. With the economy expanding, digital adoption accelerating, and financial inclusion gaining momentum, this industry is poised to emerge as one of the largest job creators in the coming decade. According to industry estimates, nearly 2.5 lakh permanent positions will be generated by 2030 , offering diverse opportunities across banking, insurance, fintech, and allied services. But what makes this hiring wave even more interesting is the shift in where the demand is coming from. Moving Beyond the Metros Traditionally, BFSI recruitment was largely metro-centric, with cities like Mumbai, Delhi, Bengaluru, and Chennai serving as major hubs for employment. However, the future tells a different story. The next phase of growth will be led by tier II and tier III cities such as Jaipur, Coimbatore, Indore, Lucknow, Bhubaneswar, and ...

 Tata Motors Ltd. reported 30.46% year-on-year drop in consolidated net profit for Q1FY26 to 3,924 crore.Revenue decreased 2.45% to 1,03,792 croгe."Despite stiff macro headwinds, the business delivered a profitable quar-ter, supported by strong fundamentals," said P.B. Balaji, Group CFO. "As tariff clarity emerg-es and festive demand picks up, we are aiming to accelerate performance and rebuild momentum across the portfolio. Against the backdrop of the upcoming demerger in October, our focus remains firmly on delivering a strong second-half perfor-mance," he added. Subsidiary Jaguar Land Rover (JLR) delivered 11th successive profitable quar-ter amid challenging global economic conditions. Revenue at £6.6 billion slid 9.2% impacted by sig-nificant new U.S. trade ta-riffs and planned legacy JLR wind down. Profit be-fore tax was £351 million, down 49.4%. hit by U.S. ta-riffs and forex headwinds

 Budget airline IndiGo's pa-rent InterGlobe Aviation posted a net profit of 3,067 crore for Q4FY25 and a net profit of ₹7,258 crore for FY25. While the Q4 net profit saw a 62% year-on-year growth, the annual net profit declined by 11%. The airline netted a total income of 23,097 crore in Q4, which was 24.8% high-er than Q4 FY24, said Indi-Go CEO Pieter Elbers. The performance was aided by robust travel de-mand with passenger num-ber growing 21%, or 3.2 crore, for IndiGo last fiscal. On the sticking point of airline's partnership with Turkish Airlines under The airline netted a total income of ₹23,097 crore in Q4. which IndiGo uses two Boeing 777 aircraft for-flights to Istanbul from Del-hi and Mumbai and allows passengers to connect to Europe and U.S., the CEO said, "flight operations to Istanbul are within the fra-mework of the air service pact between India and Turkey. We are compliant with all regulatory norms."

 Overcoming range anxiety and price barrier, electric vehicle (EV) adoption and usage has been steadily ris ing in India, with 50% of owners making trips cover-ing over 500 km, as per in-dia Charging Report 2025 published by TATA.ev. "EV's are now present in 65% of pin codes, 84% EVs are used as primary vehi cles, running 1,600 km/month and driven 27 days/month, covering 95% roads, with 50% owners taking trips over 500 km," as per the report. The report mentions sig nificant improvement in road coverage, highway ac-cess, and consumer trust, while acknowledging per sistent challenges such as charger reliability, frag mented discovery and pay appament issues. It also show cases TATA.ev's efforts to enhance accessibility and confidence in EV charging. As per the report public chargers have grown four fold to 24,000, with 91% National Highways having coverage within 50 km and 13 states/union territories have 100% coverage. To make it convenient for owners, TATA.ev uses he...

    The bank raised equity capital of ₹25,000 core during the current quarter, which will support additional loan growth of approximately 22.5 trillion, says the Chairman of Indias largest lender: Capital adequacy ratio stood at 14.63% Chairman Govt. banks SBI earn a record *44,218 crore profit in QI SBI Bright spot: Results for Q1 FY26 highlight robustness, continued excellence and significant long-term strength, says Setty. PTI Led by State Bank of India (SBI), public sector banks cumulatively logged a re-cord profit of 244,218 crore in the first quarter of the current fiscal, with a growth of 11% year-on-year. The bank, we believe we have sufficient headroom to take care requirement of business growth. "The bank has raised equity capital of ₹25,000 India's largest lender State Bank of India (SBI) reported 12.48% a year-on-year growth in first-quarter net profit to 19,160 crore on operational efficiency and treasury gains.  for Dutors. for ew butors nds 8 the ears les N...

  Tata Motors Ltd. reported 30.46% year-on-year drop in consolidated net profit for Q1FY26 to 3,924 crore.Revenue decreased 2.45% to 1,03,792 croгe."Despite stiff macro headwinds, the business delivered a profitable quar-ter, supported by strong fundamentals," said P.B. Balaji, Group CFO. "As tariff clarity emerg-es and festive demand picks up, we are aiming to accelerate performance and rebuild momentum across the portfolio. Against the backdrop of the upcoming demerger in October, our focus remains firmly on delivering a strong second-half perfor-mance," he added. Subsidiary Jaguar Land Rover (JLR) delivered 11th successive profitable quar-ter amid challenging global economic conditions. Revenue at £6.6 billion slid 9.2% impacted by sig-nificant new U.S. trade ta-riffs and planned legacy JLR wind down. Profit be-fore tax was £351 million, down 49.4%. hit by U.S. ta-riffs and forex headwinds