HDFC Bank CHRO, Vinay Razdan Resigned, Effective June 18, 2025.
Vinay Razdan, the Chief Human Resource Officer (CHRO) of HDFC Bank, has resigned. His resignation is effective from the end of business hours on...
Bank of America Appoints Hari Gopalkrishnan as Chief Technology Officer
Hari Gopalkrishnan is appointed as a new Chief Technology Officer. He has worked at Bank of America since 2011. Before that, Hari held senior...
Bank Strike Cancelled after UFBU and CLC Meeting
United Forum of Bank Unions (UFBU) announced that a adjourned conciliation meeting took place today morning. UFBU said that the meeting was based on...
SBI Chairman CS Setty As the New Chairman of IBA
The managing committee of Indian Bank's Association (IBA) has elected CS Setty as the new Chairman. Setty wil serve IBA as the chairman until...
Federal Bank hits record high after strong Q2 performance
After reporting a 52.89% increase in standalone net profit to Rs 703.71 crore in Q2 FY23 from Rs 460.26 crore in Q2 FY22, Federal...
Merchants association flags readiness for tokenisation
One of the many top world service providers has raised concerns about the feasibility of creating recurring funds with obligatory tokens as of October...
Prompt Corrective Action Framework-Central Bank of India
RBI has removed the restriction on lending imposed by the Reserve Bank of India (RBI) in June 2017 for the state-owned Central Bank of...
RBI announced Shri Indranil Bhattacharyya as a New Executive Director
Shri Indranil Bhattacharyya is appointed as a New Executive Director by RBI, starting March 19, 2025. Highlighted points of the announcement:
Role of Shri Indranil...
RBI Penalizes Bandhan Bank ₹44.7 Lakh for Rule Violations
The Reserve Bank of India (RBI) has fined Bandhan Bank ₹44.7 lakh because the bank did not fully follow certain rules and regulations.
RBI inspected...
State-run Banks Plan to Set up Verticals for Big Data, Analytics
In an effort to shift to a more data-driven decision-making approach, state-run banks will set up dedicated verticals for big data and analytics.
The move...