IDFC First Bank To Receive ₹7,500 Cr Investment from Global Investors Warburg Pincus &...
A big Investment for IDFC First Bank is coming in as two global investors, Warburg Pincus & Abu Dhabi Investment Authority (ADIA), are investing...
RBI Fines PhonePe ₹21 Lakh for Violating PPI Norms
The Reserve Bank of India (RBI) recently imposed a penalty of ₹21 lakh on PhonePe for breaking certain rules related to digital wallets (also...
MUFG to Acquire 20% Stake in India’s Shriram Finance for Rs 39,600 Crore
Japan’s largest bank group, MUFG Bank, is investing a huge amount of money—₹39,618 crore (about $4.4 billion) in Shriram Finance, an Indian non-banking finance...
2400 Bank Accounts connected to Illegal Online Gaming Websites Frozen by DGGI
The Directorate General of Goods and Services Tax Intelligence (DGGI) has strengthen its action aganist illegal online gaming websites. This includes both foreign and...
Fino Payments Bank Upgrades Core Banking System to Finacle Platform
Fino Payments Bank has upgraded its main banking system (called Core Banking System or CBS) to a new platform called Finacle. This is a...
Jio Payments Bank to Implement MLFF Toll System on Gurugram-Jaipur Route
Jio Financial Services, through its subsidiary Jio Payments Bank, has won a government contract to install a new, high-tech toll collection system at two...
RBI Imposes Restrictions on New India Co-operative Bank: Customers Left in Distress
The Reserve Bank of India (RBI) has placed stringent restrictions on Mumbai-based New India Co-operative Bank, effective February 13, 2025, following concerns over its...
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...
AI Threat Concerns Rise: Nirmala Sitharaman Holds Urgent Talks with Bank Heads on Anthropic...
Nirmala Sitharaman held a meeting with top bank officials because of concerns about new Artificial Intelligence (AI) risks. A company called Anthropic has developed...
Will AI Really Take Over Human Jobs? Insights from Japan’s Leading Bank CEOs
Artificial Intelligence is rapidly transforming the job market by automating repetitive and data-driven tasks, especially in industries like finance, manufacturing, and customer service. The...
