Following finance ministry concerns over declining low-cost deposits, several public sector banks, including Canara Bank and Punjab National Bank, are scrapping minimum balance penalties on savings accounts. This policy shift, influenced by Jan Dhan account data and SBI's earlier move, aims to boost CASA deposits. Banks will now recover costs through alternative fees like debit card charges.
Related news
Ram Kapoor has refuted rumours linking him to Bigg Boss 19, stating he would decline even a Rs 20 crore offer. He believes the show, while successful, thrives on voyeurism and doesn't align with his privacy or acting career. Kapoor emphasizes his focus remains on acting, currently promoting his upcoming project 'Mistry,' an adaptation of 'The Monk'.
India's SEBI has accused Jane Street of market manipulation, alleging the firm artificially inflated stock prices to benefit from options trading, generating substantial profits. The regulator has frozen Rs 4,844 crore and imposed a market ban on the global trading giant. Jane Street has the option to appeal the decision.
A Bengaluru civil engineer, Bhaskar, died after his wife, Shruthi, struck him with a wooden stick during a domestic dispute. Shruthi claims self-defense, alleging years of abuse and provocation after Bhaskar returned home intoxicated from an affair. The postmortem revealed blunt-force trauma. Shruthi is now in judicial custody, with police considering her claims.
In Patna, businessman Gopal Khemka was fatally shot near his residence, with CCTV footage capturing the bike-borne assailant. The incident occurred close to Gandhi Maidan, prompting a Special Investigation Team (SIT) led by the SP City Central to investigate. This shooting follows a similar attack six years prior, where Khemka's son, a BJP leader, was also killed.
The CUET-UG 2025 results saw two women among the top three, with Ananya Jain leading. Despite high scores, candidates are questioning syllabus deviations, errors, and the normalisation process. While registrations increased slightly, the number of test-takers declined, and fewer universities participated amid concerns about the exam's framework. Frustration persists over discrepancies, especially in the physical education paper.
India endured a punishing day at Edgbaston as Harry Brook (158) and Jamie Smith (184) stitched a mammoth 303-run stand, rescuing England from 25/3 to a defendable 407. Despite six ducks, India’s somewhat erratic bowling allowed the hosts back in. Mohammed Siraj’s fiery six-wicket haul, including a late burst, gave India a 180-run lead and a sliver of hope.
Magnus Carlsen and Gukesh Dommaraju's rivalry intensifies at the SuperUnited Rapid & Blitz in Zagreb, fueled by Carlsen's dismissive remarks about Gukesh's rapid and blitz capabilities. Carlsen, returning to Zagreb after missing last year due to his mother's passing, aims to dominate in his preferred formats against a world-class field including Gukesh, Praggnanandhaa, and Caruana.
Trade talks between Canada and the United States have been revived after Canada agreed to rescind its planned tax on American technology firms. This decision followed President Trump's suspension of negotiations in response to the digital services tax, which he viewed as an attack on the US. Both countries aim to reach a trade agreement by July 21, 2025.
Donald Trump has escalated his feud with Elon Musk, threatening to withdraw federal subsidies from Musk's companies and suggesting he return to South Africa. This stems from Musk's criticism of the "Big Beautiful Bill," which Trump supports, and Musk's threat to form a new political party. Musk, in turn, advocates for eliminating all subsidies, even those benefiting his own ventures.
Tensions appear to be simmering within the NDA as Jitan Ram Manjhi warns Chirag Paswan against repeating his 2020 election strategy, hinting at potential consequences. Paswan responded diplomatically, defusing the situation, while the RJD seized the opportunity to highlight perceived rifts within the ruling alliance. The upcoming Bihar elections are anticipated to be a high-stakes battle.