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RBI flags AI stock boom as financial stability risk, says Indian banks remain resilient
India's central bank has identified soaring AI stock valuations globally as a financial stability risk, warning of potential market spillovers. Despite this, the Reserve Bank of India asserts that India's banking system remains robust, well-capitalised, and resilient to external shocks. Strong macroeconomic fundamentals and healthy balance sheets in both banks and non-banking financial companies provide a solid foundation, limiting the impact of global financial stress on the domestic economy.
Bad loans may edge up to 1.9% by FY28 despite resilient banks: RBI
Indian banks are projected to see a slight increase in bad loans to 1.9% by March 2028, yet the system remains robust with strong capital and healthy profits. The Reserve Bank of India's report highlights resilient balance sheets and improving credit growth. Despite global uncertainties, the financial sector, including NBFCs, is well-positioned to absorb shocks, though AI cyber threats demand increased vigilance.
Zaggle Prepaid rises after signing 5-year agreement with APAC Financial Services
Zaggle Prepaid Ocean Services (Zaggle) gained 4.38% to Rs 207.35 after the company announced that it has entered into a five-year agreement with APAC Financial Services.
Shriram Finance Ltd gains for fifth session
Shriram Finance Ltd is quoting at Rs 1046.55, up 1.35% on the day as on 12:44 IST on the NSE. The stock is up 50.27% in last one year as compared to a 6.23% fall in NIFTY and a 1.7% fall in the Nifty Financial Services.
Hindustan Copper pins Navratna ambitions on 50,000 TPA Jhagadia Project
Hindustan Copper's Jhagadia project in Gujarat, a 50,000-tonne secondary copper smelter, is poised to significantly boost the company's revenue and strategic performance. This initiative, undertaken in partnership with Lohum Materials, could pave the way for Hindustan Copper to achieve Navratna status, granting it greater financial and operational autonomy. The project aims to enhance asset productivity and profitability, marking a crucial step for the 'Mini-Ratna' enterprise.
Bandhan Bank CFO Rajeev Mantri resigns
Bandhan Bank has announced that its chief financial officer (CFO) and key managerial personnel (KMP), Rajeev Mantri, has tendered his resignation, citing the pursuit of another opportunity for career growth.
Swiggy hits new all-time low, down 8% in June; JM Financial lowers target
Analysts at JM Financial believe that 1QFY27 will reinforce the widening divergence between Blinkit and Instamart, with the former likely to outperform; they lowered target price on Swiggy to ₹250.
Juniper Hotels CFO resigns; company revises KMP structure
Juniper Hotels has announced that its chief financial officer (CFO), Tarun Jaitly, has resigned from his position, effective close of business hours on Wednesday, 15 July 2026.
Stock Alert: SWREL, Juniper Hotels, Central Bank of India, Agsonpal Pharmaceuticals, RITES
Juniper Hotels said Tarun Jaitly has resigned from the position of chief financial officer (CFO) of the company.
Jio Financial Services Share Price Live Updates: Jio Financial Services Volume Performance
Private banking sector flux: CFO departures and leadership uncertainty amid regulatory changes
India's banking sector is experiencing significant leadership shifts, with multiple CFOs and senior executives departing private banks and even major institutions like LIC and SBI. This talent churn, driven by regulatory complexities and new opportunities, is creating a domino effect across the industry. Several banks are actively seeking new financial leaders, while some are also preparing for CEO transitions, highlighting a period of considerable flux.
Espire Hospitality posts revenue of Rs 141 crore for FY26, PAT at Rs 8 crore
Espire Hospitality has achieved a landmark financial year 2026, reporting Rs 141 crore in revenue, a 17% increase, and Rs 8 crore in profit. The company saw a strong Q4 with Rs 49 crore revenue and Rs 11 crore EBITDA. With 17 hotels and significant expansion plans, including a Rs 300 crore ultra-luxury resort near Vrindavan, Espire is poised for continued growth across diverse travel segments.