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Ank

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India Entertainment & Culture 15 Oct 2026, 03:00 PM IST

Ank Marks Golden Jubilee With New Play on Warrior Queen Veera Rani Abbakka

Theatre group Ank is commemorating its golden jubilee with a new production that returns to one of coastal India’s most formidable historical figures, Veera Rani Abbakka. Written, directed and headlined by Priita Mathur Thakur, Veera Rani Abbakka: The Queen of the Seas, The Flame of Ullala seeks to revive the legacy of the 16th-century warrior queen for contemporary audiences through a blend of historical memory and stagecraft.

By RDU Global Wire5 min read
Banking, Fintech & Insurance15 Oct 2026, 10:32 PM IST

Indian Bank, UCO Bank Lead Q2 Profit Growth as Treasury Income Slumps

Indian Bank, UCO Bank, South Indian Bank and Karur Vysya Bank delivered double-digit profit growth in the September quarter, supported by stronger core lending income and steady loan expansion. The gains, however, were tempered by weaker treasury earnings as rising bond yields eroded mark-to-market gains, underscoring the pressure higher rates are placing on banks’ investment books.

5 min readRead →
Global Markets & Equities15 Oct 2026, 10:11 PM IST

Swiss Top Court Upholds Bonus Cuts for Former Credit Suisse Bankers After UBS Takeover

Switzerland’s top court has upheld the government’s decision to strip bonuses from former Credit Suisse bankers after the lender’s emergency takeover by UBS, closing the bankers’ final legal avenue to recover the pay. The ruling reinforces the state’s authority to intervene in compensation disputes tied to the 2023 rescue of Credit Suisse and underscores the political sensitivity surrounding executive pay in a bank failure.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 09:30 PM IST

Supreme Court Upholds Bombay HC Order Quashing YES Bank’s Rs 8,415 Crore AT1 Bond Write-Off

The Supreme Court has upheld the Bombay High Court’s ruling that invalidated YES Bank’s write-off of Rs 8,415 crore in additional tier-1 bonds, a move that had been part of the lender’s March 2020 rescue plan. The decision strengthens the position of institutional and retail bondholders, who had challenged the loss of their investments, and could reshape how stressed-bank resolutions handle hybrid capital instruments in India.

5 min readRead →
Global Markets & Equities15 Oct 2026, 09:30 PM IST

Wyoming Quietly Rises to the Top of America’s Financial Rankings

A sparsely populated Republican stronghold has emerged as an unlikely leader in America’s financial rankings, underscoring how tax policy, business formation, and resource wealth can outweigh population size. The state’s ascent highlights a broader shift in where capital, incorporations, and balance-sheet strength are concentrating across the United States.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 08:49 PM IST

Apple Pay Launches in India With Axis Bank Visa and Mastercard Credit Cards

Apple Pay has officially launched in India, enabling Axis Bank credit card holders to make contactless payments using Visa and Mastercard cards on Apple devices. The rollout adds a secure, private payment option that does not require PINs or OTPs for each transaction, marking a notable expansion in India’s digital payments landscape.

5 min readRead →
Global Markets & Equities15 Oct 2026, 08:08 PM IST

U.S. Fines Bank of America $1.2 Billion Over Anti-Money Laundering and Sanctions Failures

U.S. regulators have imposed a $1.2 billion penalty on Bank of America, accusing the lender of violating anti-money laundering and sanctions rules in a major enforcement action that underscores the continuing pressure on large banks to strengthen compliance. The fine lands as the bank also reported a sharp drop in third-quarter profit, adding to investor scrutiny over trading, dealmaking and operating discipline.

5 min readRead →
Global Markets & Equities15 Oct 2026, 07:48 PM IST

U.S. Banks Post Solid Loan Growth as Deposit Competition Intensifies

Major U.S. banks delivered another quarter of healthy loan growth in the third quarter, underscoring that credit demand remains resilient even as higher rates and uneven capital-markets activity weigh on parts of the industry. But executives also signaled that competition for deposits is becoming more aggressive, a trend that could pressure funding costs and margins into year-end.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 06:25 PM IST

RBI Presses Banks to Fix Repeat Complaints, Strengthen Grievance Systems

The Reserve Bank of India has directed banks to identify the systemic, process and operational failures that keep generating repeat customer complaints, and to carry out root-cause analysis to curb recurrence. The regulator also wants stronger grievance-handling capacity as complaint volumes remain elevated, with more than 1.33 million complaints received under the ombudsman scheme in FY25.

4 min readRead →

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