The latest banking and finance stories, updated through the day.
Shriram Group renames Way2Wealth to Shriram Financial Services, naming Amit Golia MD/CEO to lead a comprehensive, tech-enabled investment platform.
State Bank of India (SBI) on Wednesday said it experienced an incident involving suspected exposure of customer data on the dark web.
SBI reports a cyberattack that exposed 3,897 customer records, including personal details and loan records, on the dark web. An independent cybersecurity probe is underway.
Gold loans fuel NBFC growth, doubling their share amid higher gold prices and tightened unsecured lending.
Rising yields push government borrowing costs higher as 10-year G-Sec issuances near 7.4% amid tightening cycle and inflation pressures.
HSBC CEO says Gulf logistics investment could render the Strait of Hormuz redundant in five years amid regional conflicts and pipeline expansion.
The Income Tax Department exempts interest on NDB’s Maharaja Bonds from tax deduction and introduces Form 173A for eligible investors in government securities.
China keeps its one-year lending rate at 3% and five-year rate at 3.5% for a 17th month as strong growth eases pressure for monetary support.
Microfinance loans dominated India's lending in June 2026, at 43% of ₹3.3 lakh crore, surpassing other sectors as bank shares fell.
Rupee climbs but market nerves grow as RBI curbs forex speculation with new measures and FERR requirements.
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