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Govt releases Service PPI estimates for Q1; banking index rises

New Delhi, August 24 (IANS) The government on Monday released provisional estimates of the Service Producer Price Indices (SPPIs) for the first quarter of 2026-27, with banking, pension fund management and transport services sectors showing improvement. As per the data released by the Ministry of Commerce & Industry, the Services PPI for banking services rose []

24 Aug 2026 1:05 pm
Bank unions to strike on Sept 11 over five-day banking, PLI scheme, other demands

New Delhi, Aug 24 (IANS) The United Forum of Bank Unions (UFBU) on Monday announced a nationwide strike on September 11 over the delay in implementing five-day banking, differences over the performance-linked incentive (PLI) scheme and several pending demands, including pension-related issues. Sharing a post on the social media platform X, the UFBU an []

24 Aug 2026 11:32 am
High-level panel on banking to be formed soon: FM Sitharaman

New Delhi, Aug 17 (IANS) Finance Minister Nirmala Sitharaman said on Monday that the government will soon announce the composition of a high-powered committee to recommend how the banking sector should play its role in supporting the countrys transformation into a developed economy by 2047. Addressing the inauguration of the two-day conclave of heads of []

17 Aug 2026 2:32 pm
Markets open subdued as IT, pharma stocks offset banking weakness

Mumbai, July 30 (IANS) Domestic equity benchmarks opened on a subdued note on Thursday amid mixed global cues, as gains in information technology and pharma stocks were offset by weakness

30 Jul 2026 11:32 am
Phone banking during UPA rule resulted in huge NPAs: FM Nirmala Sitharaman

Amaravati, July 17 (IANS) Union Finance Minister Nirmala Sitharaman alleged on Friday that phone banking during the UPA rule resulted in huge NPAs, pushing banks into losses. She said that

17 Jul 2026 5:32 pm