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CBI arrests senior IAS officer Pankaj Aggarwal in ongoing alleged IDFC First Bank fund misappropriation case
The Central Bureau of Investigation (CBI) has arrested Pankaj Aggarwal, IAS on Monday who was the then Principal Secretary in Department of School Education and Agriculture, in connection with the misappropriation of government funds from the account of Haryana School Shiksha Pariyojna Parishad (HSSPP) and Haryana State Agriculture Marketing Board (HSAMB) maintained with the Sector 32, Chandigarh branch of IDFC First Bank.
India CPI-inflation remains anchored despite a pick-up in May, notes RBI Bulletin
According to Reserve Bank of Indias June bulletin, geopolitical tensions and trade disruptions persisted, despite the recent interim peace deal in West Asia. Amidst the challenging global environment, the Indian economy grew at 7.8 per cent in Q4:2025-26, supported by private consumption and fixed investment. High-frequency indicators during the first two months suggest sustained economic momentum in 2026-27. Despite a pick-up in May, CPI-inflation remained anchored. Indias external sector remained resilient, supported by FDI inflows and adequate foreign exchange reserves.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty cuts gains, trades flat, IDFC First Bk in focus
Sensex Today | Stock Market LIVE Updates: For the Nifty, which traded in a 100-point range on Monday, the 24,000 level remains the key and a crucial psychological support at 23,900 - 23,800 zone. The Nifty Bank briefly crossed 58,000 on Monday but could not hold on, even though it remains close to those levels.
IDFC First Bank Ltd soars 2.67%, rises for third straight session
IDFC First Bank Ltd is quoting at Rs 80.78, up 2.67% on the day as on 12:49 IST on the NSE. The stock is up 13.76% in last one year as compared to a 3.41% fall in NIFTY and a 3.22% fall in the Nifty Bank index.
NHB probing Aavas Financiers over loan classification lapses
The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.
NHB probing Aavas Financiers over loan classification lapses
The sector regulator has recalled refinancing support worth nearly Rs 500 crore —a punitive action that has set off a sweeping leadership overhaul at the company. ET was the first to report on April 13 that managing director and CEO Sachinder Bhinder was being asked to step down, with Manu Singh — former home loans head at Kotak Mahindra Bank — set to take over. A week later, on April 20, the company confirmed Bhinder's resignation and Singh's appointment as the new CEO.
SpiceJet Receives Rs 150 Crore First Tranche Of ECLGS Funding From Bank of India
The amount marks the first tranche of a proposed Rs 500 crore funding package being processed for the airline under the government-backed credit guarantee scheme. The remaining Rs 350 crore is expected to be disbursed in phases, sources said.
Wait, What? IDFC First Bank Spends 8% Of Profit Only On Printing And Stationary
Indian banks continue to spend heavily on printing and stationery
US Fed Meeting 2026 LIVE: What to expect from new Fed chief Kevin Warsh's first meet?
US Fed Meeting 2026 LIVE: The US central bank is expected to hold the federal funds target steady at a range of 3.50% to 3.75%, marking incoming Chair Kevin Warsh’s first.
US Fed To Hold Rates? Here's What To Expect From New Fed Chair Kevin Warsh
In his first meeting leading the US central bank, Warsh is presiding over a Federal Open Market Committee where several participants have grown increasingly worried about stubborn inflation.
Prudent ARC top bidder for Aban Offshore debt
Prudent ARC has become the highest bidder for Aban Offshore's ₹1,080 crore debt from Punjab National Bank, offering ₹193 crore. This marks the first time a bank has sold Aban Offshore's debt, resulting in an excess recovery for PNB compared to the promoters' settlement offer. The move allows PNB to avoid lengthy legal recovery processes.
Bank Of Japan Raises Interest Rates To 1%, Highest Since 1995
The widely expected move increased the central bank's short-term policy rate from 0.75% and marked its first rate rise since December.