The Reserve Bank of India (RBI) confirms that a Microsoft outage caused minor disruptions to 10 banks and NBFCs in India, but the financial sector remains insulated.

Despite a global Microsoft outage impacting financial services, Indian banks and payment systems remained operational, including SBI, HDFC Bank, and NPCI.

South Indian Bank reported a 45.29% jump in Q1 net profit to Rs 294 crore, driven by lower provisions and strong loan growth. Read more.

The Indian government is expected to introduce amendments to banking laws during the upcoming Budget session to push banking sector reforms, including privatisation of public sector banks.

Four public sector banks, including Canara Bank and Indian Bank, paid a total of ₹6,481 crore in dividends to the government for FY 2023-24.

Wipro shares plummeted nearly 9% on Monday after the IT major announced flat sequential growth guidance for the upcoming quarter. The company reported a 4.6% YoY rise in net profit but saw a...

Business leaders urge the creation of a new NBFC-PSL category in the Union Budget to boost MSME lending and growth.

Indian stock markets opened lower on Monday, with Reliance Industries and Kotak Mahindra Bank leading the decline, mirroring weak global trends. Sensex fell by 504 points and Nifty dropped 168 points.

Purabi Dairy has partnered with the Assam government to operate a 5,000-liter daily capacity dairy plant in Dhemaji district, boosting the dairy sector in upper Assam.

NITES, an IT workers' union, has criticized HCL Technologies' new policy linking leaves to office attendance, calling it unfair and urging the company to reconsider. The policy mandates at least 12...

Wipro shares plummeted nearly 9% on Monday after the IT major announced flat sequential growth guidance for the upcoming quarter. The company reported a 4.6% YoY rise in net profit but saw a...

Business leaders urge the creation of a new NBFC-PSL category in the Union Budget to boost MSME lending and growth.

China's central bank has cut interest rates to revive the property sector and stimulate economic growth, aiming to counter a slowdown.

Indian stock markets opened lower on Monday, with Reliance Industries and Kotak Mahindra Bank leading the decline, mirroring weak global trends. Sensex fell by 504 points and Nifty dropped 168 points.

The Indian rupee recovered 5 paise against the US dollar in early trade on Monday, as the American currency retreated from its elevated level. Foreign fund inflows and possible intervention by the...