Yes Bank detected unusual unauthorized transactions on its multi-currency forex cards. The bank flagged these on February 24. Around Rs 2.5 crore in transactions were approved. However, the bank’s systems blocked many more attempts, preventing significant losses. The incident was traced to a Latin American country. Yes Bank is working with BookMyForex to protect customers.Read More
Circle surpassed Wall Street expectations for fourth quarter revenue on Wednesday, as income from reserves got a boost from a rise in circulation of its stablecoin token, sending its shares up more than 20% in early trading.Read More
Indian indices closed mildly higher as IT and auto stocks supported gains, while financials, FMCG, and energy limited upside. Nifty traded sideways near key moving averages, with volatility remaining elevated and investor sentiment cautious.Read More
The Reserve Bank of India will conduct a Rs 25,000 crore switch auction of government securities on March 2. This operation aims to reduce redemption pressure in FY27 by replacing near-term maturing bonds with long-term instruments maturing after FY32. This move helps manage repayment obligations amidst significant gross market borrowing.Read More
HSBC reported an 11% rise in India profit before tax to $1.86 billion in 2025, led by strong corporate and institutional banking growth. India became its third most profitable market as China earnings slumped, while global profits declined despite beating expectations.Read More
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