Bank customer has zero liability for unauthorised transaction: HC

A customer has zero liability when an unauthorised transaction occurs due to a third party breach where the deficiency lies not with the bank or customer but somewhere in the system, the Bombay......

Where Will BJP Stand After Modi?

The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be......

Who Did RBI Governor Vote For?

Scenes from polling stations in Mumbai which voted in the Lok Sabha election on Monday, May 20, 2024.     IMAGE: Reserve Bank of India Governor Shaktikanta Das and his family show their......

EC slams Kharge over letter on turnout data, Cong hits back

The Election Commission on Friday reprimanded Congress chief Mallikarjun Kharge over his allegations on voter turnout data, calling it an 'aggression' on the vitals of live conduct of elections and......

Wholesale inflation: Costly veggies once again play the spoilsport

Wholesale inflation in the country rose for the fourth consecutive month in June at 3.36 per cent on account of rise in prices of food articles, especially vegetables and manufactured items.......

Softbank exits Paytm at loss of around $150 mn

Japan's Softbank investment arm Softbank Vision Fund exited from Paytm in the June quarter at a loss of around $150 million, sources aware of the development said. Photograph: Toru Hanai/Reuters......

Forex reserves jump $5.16 bn to $657.16 bn

India's forex reserves jumped $5.16 billion to $657.16 billion during the week ended July 5, the Reserve Bank of India (RBI) said on Friday. Photograph: Jalil Ahmad/Reuters The forex kitty had......

Result preview: Cost of deposits to weigh on banks' margins in Q1

Despite steady loan growth, the banking sector is expected to report subdued margins in the quarter ending June 2024 (Q1FY25), driven by high demand for deposits amidst tight liquidity conditions.......