Banks to pay for delayed payouts to kin

MUMBAI: RBI has taken a major step to ensure that grieving families immediately get access to funds and valuables of their deceased relatives. Effective Jan 1, 2026, banks that fail to settle claims related to deceased customers within 15 days of receiving complete documentation must pay up. For delayed payouts on deposits, banks will owe…

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Titan Q1 net up 53% on jewellery, watches

BENGALURU: Titan Company reported a 52.5% year-on-year increase in net profit to Rs 1,091 crore for June quarter, backed by strong performances in jewellery and watches businesses, despite elevated gold prices. The Tata group firm’s revenue rose 24% to Rs 16,628 crore in the same period. Sequentially, it rose to about 11% from Rs 15,032…

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