Govt Orders Banks to Release PLI Despite CLC Advice
Recent reports indicate the Indian government, through the Department of Financial Services (DFS), has directed public sector banks (PSBs) to proceed with crediting Performance...
RBI appoints Dr Ajit Ratnakar Joshi as new Executive
The Reserve Bank of India (RBI) announced on March 5, 2025, that Dr. Ajit Ratnakar Joshi has been appointed as its new Executive Director...
Karnataka Bank appointed Raghavendra Srinivas Bhat as MD and CEO For Three Months
Karnataka Bank appointed Raghavendra Srinivas Bhat as MD and CEO as the interim Managing Director and CEO. The Board of Directors of Karnataka Bank...
Delhi High Court Rejects State Bank of India Review Plea, Brings 32-Year-Old Case to...
The Delhi High Court dismissed a review petition filed by State Bank of India (SBI).This decision effectively ends a long legal dispute that lasted...
Chennai Private Bank Employees Arrested for Embezzling Over ₹8 Crore
Three employees of a private bank in Anna Nagar, Chennai have been arrested by the Central Crime Branch (CCB). The accused are Deputy Manager...
UFBU Announces Nationwide Bank Strike in India on 27th January
UFBU has issued a press release on January 22, 2026, calling for an all-India bank strike on January 27 to demand a five-day work...
HDFC, Shriram Finance Fined by RBI for Rule Breach
On July 11, the Reserve Bank of India (RBI) fined two financial companies for not following some of its rules. HDFC Bank incurred a...
RBI Keeps Repo Rate Unchanged in Latest MPC Meeting
The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) met from August 4 to August 6 and made an important decision...
CAG Report: Many IPPB Accounts Opened Without Checking Mobile Numbers
A report by the government auditor, the Comptroller and Auditor General of India (CAG), has found several problems in India Post Payments Bank (IPPB)....
RBI MPC Meeting: Repo Rate Held at 5.25% Amid Concerns Over Global Economic Risks
During Monetary Policy Committee press conference on Friday, RBI warned that global problems (like war and uncertainty) can hurt India’s economy in the future....