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PNB, Union & IDFC Bank see credit outpace deposit growth
India Business News: MUMBAI: Credit growth continued to outpace deposit mobilisation for Punjab National Bank, Union Bank of India and IDFC FIRST Bank at the end of the Ma.
cityfalcon.com·18h ago
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CBI Arrests Proclaimed Offender Davinder Pal Singh In ₹40 Lakh Bank Fraud Case
The CBI on 03.04.2026 arrested proclaimed offender Davinder Pal Singh from Delhi’s Rajouri Garden in a ₹40 lakh bank fraud case. According to CBI, he allegedly secured a loan from Union Bank of India, Noida using forged documents, causing ₹41.4 lakh loss. He had been absconding since being declared offender in 2014.
cityfalcon.com·1d ago
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Rupee breaches 95, bond yields cross 7% as India markets enter ‘Regime Shift’: UBI
India's financial markets are undergoing a significant shift in trading dynamics amid escalating global war-related risks, with the rupee breaching key levels and bond yields hardening, according to a report by Union Bank of India (UBI).
cityfalcon.com·4d ago
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Burmans raise stake in Religare to 30%
New Delhi: The Burman family has increased their stake in Religare Enterprises to about 30% in the past month through open market purchases following a restructuring announcement by the company in mid-February, as per multiple stock exchange filings.Purchases were made by investment companies they control and also by certain family members directly, data showed.Burmans are the promoters of consumer goods company Dabur. They also co-own Indian Premier League team Punjab Kings.They acquired 13 million shares in Religare Enterprises between March 18 and March 27, as per data. This took their ownership to more than 100 million shares. Religare has 332.7 million shares outstanding.On February 15, Religare Enterprises announced that it was transferring its lending, investment, broking, ancillary and support services into Religare Finvest. The entity would be listed and shareholders of Religare Enterprises would be offered shares in Religare Finvest in a ratio of 1:1.Religare Enterprises would continue to hold a 62% stake in Care Health Insurance after this restructuring.
cityfalcon.com·5d ago
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Haj 2026 pilgrims told to clear final dues by March 31 or risk losing flight bookings
STAFF REPORTER GUWAHATI: The Haj Committee of India has issued a circular directing all selected pilgrims for Haj 2026 to deposit the balance amount of the pilgrimage cost by March 31, 2026, failing which they will not be able to confirm their flight bookings. Pilgrims from Assam and other NE states have to pay the balance amount based on their points of embarkation – Guwahati, Delhi or Kolkata. According to the circular, pilgrims who have already paid Rs 2,77,300 in two instalments must now clear the remaining amount, which will vary based on their embarkation point. An official of the Joint State Haj Committee for Assam, Meghalaya , Nagaland, etc., said that pilgrims departing from Guwahati will bear the highest total Haj cost of Rs 3,89,850, as compared to Delhi and Kolkata, with a balance payable of Rs 1,12,550, mainly due to higher airfare. For those travelling from Kolkata, the total cost has been fixed at Rs 3,68,700, with a remaining balance of Rs 91,400 to be paid. Meanwhile, pilgrims embarking from Delhi will have to pay a total of Rs 3,46,600, with a balance amount of Rs 69,300 remaining.
cityfalcon.com·7d ago
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