HDFC Bank faces class-action lawsuit in US, shares decline

IANS | August 27, 2026 2:40 PM

New Delhi, Aug 27 (IANS) Top private sector lender HDFC Bank is facing a federal securities class-action lawsuit in New York over allegations that it orchestrated a covert scheme to illegally inflate interest payouts to a state government agency by disguising them as marketing expenses.

India's Account Aggregator ecosystem drives Rs 3.82 lakh crore loans in FY26

IANS | August 27, 2026 1:38 PM

New Delhi, Aug 27 (IANS) India's Account Aggregator (AA) ecosystem facilitated an estimated Rs 3.82 lakh crore worth loan disbursals across 3.68 crore loans in FY26 and now accounts for 8.4 per cent of India’s retail and MSME lending by value and 11.8 per cent by volume, a report said on Thursday.

PMJDY accounts cross 59 crore mark, deposits reach Rs 3.17 lakh crore: Govt

IANS | August 27, 2026 1:30 PM

New Delhi, Aug 27 (IANS) The total number of PM Jan Dhan Yojana (PMJDY) bank accounts for the poor across the country have crossed the 59 crore mark with deposits of Rs 3.17 lakh crore as the scheme completes 12 years since its launch on August 28, 2014, according to a statement issued by the Finance Ministry on Thursday.

ChatGPT to run ads in India for users of Free, Go tiers

IANS | August 27, 2026 10:21 AM

New Delhi, Aug 27 (IANS) US-based artificial intelligence company OpenAI has announced it is expanding 'ChatGPT Ads' to India, one of its largest markets, to further monetise its popular chatbot ahead of a planned initial public offering (IPO).