BANKINDIA.NSE News

Stock market today: Experts recommend eight stocks to buy today — Fortis Healthcare, SBI, Bank of India, KFin Technologies, Indus Towers, Bombay Dyeing, Dabur India, and Honasa Consumer

CBI Arrests Two Executives of Reliance Communications in Rs.2,929 Crore Loan Fraud Case The Central Bureau of Investigation (CBI) has arrested two senior executives of Reliance Communications (RCom), a company controlled by Anil Dhirubhai Ambani , in connection with an ongoing Rs2,929 crore loan fraud case linked to State Bank of India (SBI). The arrested individuals have been identified as Senior Executives D. Vishwanath and Anil Kalya. The action comes as part of a broader investigation initiated following a complaint filed by SBI on August 18, 2025. SBI is the lead bank in a consortium that extended loans to the company, which also includes Bank of India , Union Bank of India , Canara Bank , and IDBI Bank , among others. According to the CBI, the case is based on findings from a forensic audit report, which alleges large-scale diversion and misuse of loan funds between 2013 and 2017. Investigators claim that the borrowed funds were routed through various group entities instead of being used for their intended purposes.

… on global gold and silver markets The suspension of imports by Indian … Foreign Trade (DGFT), under the Ministry of Commerce and Industry , … Bank of India to import gold and silver. The last … Association , stressed the need for clarity and resumption of imports …

India issued an order on Friday listing banks authorised to import gold and silver, providing relief for banks that were forced to halt imports because the list’s publication was delayed. Reuters reported earlier on Friday that more than 5 metric tons of gold and around 8 metric tons of silver were stuck without customs clearance pending the order, which is typically issued at the start of each financial year. The Directorate General of Foreign Trade, part of the Ministry of Commerce and Industry, which issued the order on Friday, did not give any reason for the delay. Authorised by the Reserve Bank of India, the order permits 15 banks, including the State Bank of India, HDFC Bank, , Bank of India to import both gold and silver from April 1, 2026, to March 31, 2029. Indian gold dealers charge first gold premiums in two months It also allows Union Bank of India and SBER Bank to import only gold. None of the banks made any public comment. A Mumbai-based dealer with a private bank, speaking on condition of anonymity, said banks would now be able to clear consignments from customs.

Indian conglomerate Reliance Industries reported a 14.3% rise in profit while Jio’s profit grew 12.8% 

Indian Bank, Canara Bank, and Bank of India were the top gainers in the Nifty PSU bank index

Analysts highlight breakout opportunities in Intellect Design, and NLC India, citing strong technical setups and robust fundamentals.

The analysts noted healthy profit growth driven by fee income and treasury gains, while maintaining a cautious view due to ongoing NII and margin pressure.

Tata Steel, Power Grid Corp. of India, Punjab National Bank, Hyundai Motor India, and IndiGo, among other companies, are scheduled to report their quarterly earnings later in the day